
New and Revised Guidance Regarding PPP – Forms Available
John McNair, President & CEO, Community Bankers Association of Georgia (CBA), recently wrote to Senator Perdue and Senator Loeffler asking for their support in providing much needed clarity for Georgia’s community banks and their small business customers as they process the Paycheck Protection Program. The U.S. Small Business Administration, in consultation with the U.S. Department of the Treasury, issued new and revised guidance for the Paycheck Protection Program (PPP). This guidance implements the Paycheck Protection Program Flexibility Act (PPPFA), signed into law by President Trump on June 5, 2020, and expands eligibility for businesses with owners who have past felony convictions.
In the letter, Mr. McNair stated, “As you know, community banks were the true heroes of the PPP program. In the all-important Round #1 of PPP, with Georgia’s small business suffering from the effects of the forced economic shutdown, community bankers from all across our great state literally worked day and night to navigate the ever changing rules and requirements to make sure the small businesses of their communities were served. The strong commitment of Georgia’s community banks continued into Round #2 and remains fervent to this day.
SBA issued revised PPP fillable application forms to conform to these changes. The guidance and revised application forms are available on CBA’s website as well as on the SBA’s and Treasury’s websites. SBA will issue additional guidance regarding loan forgiveness and a revised forgiveness application to implement the PPPFA in the near future.
Click here to view the new Interim Final Rules.
Click here to view the new Borrower Application.
Click here to view the new Lender Application
John McNair, President & CEO, Community Bankers Association of Georgia (CBA), recently wrote to Senator Perdue and Senator Loeffler asking for their support in providing much needed clarity for Georgia’s community banks and their small business customers as they process the Paycheck Protection Program. The U.S. Small Business Administration, in consultation with the U.S. Department of the Treasury, issued new and revised guidance for the Paycheck Protection Program (PPP). This guidance implements the Paycheck Protection Program Flexibility Act (PPPFA), signed into law by President Trump on June 5, 2020, and expands eligibility for businesses with owners who have past felony convictions.
In the letter, Mr. McNair stated, “As you know, community banks were the true heroes of the PPP program. In the all-important Round #1 of PPP, with Georgia’s small business suffering from the effects of the forced economic shutdown, community bankers from all across our great state literally worked day and night to navigate the ever changing rules and requirements to make sure the small businesses of their communities were served. The strong commitment of Georgia’s community banks continued into Round #2 and remains fervent to this day.
SBA issued revised PPP fillable application forms to conform to these changes. The guidance and revised application forms are available on CBA’s website as well as on the SBA’s and Treasury’s websites. SBA will issue additional guidance regarding loan forgiveness and a revised forgiveness application to implement the PPPFA in the near future.
Click here to view the new Interim Final Rules.
Click here to view the new Borrower Application.
Click here to view the new Lender Application

Risk Management Manual of Examination Policies
The FDIC has provided updates to Section 22.1 – Examination Documentation Modules. Updates to Section 22.1 include revisions to the Capital Adequacy, Loan Portfolio Review, and Loan Operations Review modules, including changes for the Community Bank Leverage Ratio, Allowance for Credit Losses, and other minor technical edits. Read the manual.
The FDIC has provided updates to Section 22.1 – Examination Documentation Modules. Updates to Section 22.1 include revisions to the Capital Adequacy, Loan Portfolio Review, and Loan Operations Review modules, including changes for the Community Bank Leverage Ratio, Allowance for Credit Losses, and other minor technical edits. Read the manual.
- Landon Hagwood, teenage son of Deesha Hagwood, Oconee State Bank, Watkinsville, was a recent patient who rang the bell after his last chemo treatment. CBA team members wanted to do something special for Landon and he requested that CBA order Chick-Fil-A biscuits for breakfast for the night shift nurses at Children’s Healthcare (CHOA) in his honor. Pictured are nurses from CHOA enjoying a smile and biscuits in honor of Landon.
- Community Banks Making A Difference - Thanks to Heritage Bank, Rico’s Mexican Restaurant in Stockbridge was able to retain 95% of their employees. According to owner Mike Davis, “We were concerned about receiving assistance with the SBA PPP program. The larger Bank we approached could not help us, so we turned to Heritage Bank. We are proud to say that we have retained 95% of our employees because of Heritage Bank.”
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The Bank of Madison announces the following promotions:

FHLBank Atlanta 2020 Election of Directors
Federal Home Loan Bank of Atlanta (Bank) has begun the election to fill certain directorships on the Bank’s board of directors, including the member directorships in North Carolina and Virginia, and two independent directorships. The term of the directorships to be filled in this election begins on January 1, 2021, and ends on December 31, 2024. Pursuant to the Bank’s board-approved Equal Opportunity Policy Statement, which is available on the Bank’s website, the Bank encourages the consideration of diversity in nominating or soliciting nominees for positions on the Bank’s board of directors. Individuals interested in being considered for an independent directorship must complete and return to the Bank, by 5 p.m. EDT on July 15, 2020, the application and related forms that are available on the Bank’s website. If you have questions, please contact Tina Carew, Associate General Counsel, at 404.888.8549 or tcarew@fhlbatl.com.
Federal Home Loan Bank of Atlanta (Bank) has begun the election to fill certain directorships on the Bank’s board of directors, including the member directorships in North Carolina and Virginia, and two independent directorships. The term of the directorships to be filled in this election begins on January 1, 2021, and ends on December 31, 2024. Pursuant to the Bank’s board-approved Equal Opportunity Policy Statement, which is available on the Bank’s website, the Bank encourages the consideration of diversity in nominating or soliciting nominees for positions on the Bank’s board of directors. Individuals interested in being considered for an independent directorship must complete and return to the Bank, by 5 p.m. EDT on July 15, 2020, the application and related forms that are available on the Bank’s website. If you have questions, please contact Tina Carew, Associate General Counsel, at 404.888.8549 or tcarew@fhlbatl.com.

Think CBA First for Your Professional Development Needs!
Be sure to think of CBA first when it comes to your training and Professional Development needs. Here are some upcoming CBA events:
Be sure to think of CBA first when it comes to your training and Professional Development needs. Here are some upcoming CBA events:

Security Considerations During a Pandemic
Thursday, June 18, 2020 | 9:00 -10:00 AM EST
Thursday, June 18, 2020 | 9:00 -10:00 AM EST
- Current robbery trends
- ATM skimming activity
- Reopening physical security considerations

This course begins with a review of financial statements and proceeds into analyzing the financial statements through detailed credit, ratio and cash flow analysis to determine financial strength. Other analytical tools that will be covered in detail include: Financial Forecasting; Break-Even Analysis; Sustainable Growth Rate Calculation; Sensitive Analysis and Industry Comparison Analysis. Register today!

Digital Engagement Technologies
June 23, 2020
Be sure to attend Part Two of the CBA Technology Showcase - an exclusive new virtual event series for CBA members, sponsored by William Mills Agency. Part two will be hosted by Wipfli Partner Mike Morris, and look at some of digital engagement technologies' most innovative solutions. This session will feature demos and presentations from:
SilverCloud • DeepTarget/Access Softek • Sensibill • Lemonade • HC3
This 90-minute, bankers only event begins at 10:30 am and is free for all CBA members. Click here to register and learn more about showcase.
June 23, 2020
Be sure to attend Part Two of the CBA Technology Showcase - an exclusive new virtual event series for CBA members, sponsored by William Mills Agency. Part two will be hosted by Wipfli Partner Mike Morris, and look at some of digital engagement technologies' most innovative solutions. This session will feature demos and presentations from:
SilverCloud • DeepTarget/Access Softek • Sensibill • Lemonade • HC3
This 90-minute, bankers only event begins at 10:30 am and is free for all CBA members. Click here to register and learn more about showcase.
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Chosen by more than 3,000 financial institutions, Promontory Interfinancial Network offers a wide range of solutions—smart, all-weather balance sheet and liquidity management tools to enhance banks’ profitability and flexibility.
To learn more, contact Danny Capitel at 703-292-3400 or visit their website. |
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