Following the SBA and Treasury Department release of information about individual Paycheck Protection Program loans, ICBA released talking points and a sample letter to PPP borrowers about the agency announcement. The talking points and letter note that federal agencies—not community banks—released the loan-level information. The resources are available to help community banks who receive questions from PPP borrowers.
The SBA and Treasury released business names, addresses, lender names, and other information for loans of $150,000 and up, which account for nearly three-quarters of the dollar volume of PPP loans. For loans below $150,000, the agencies will not release business names but will report loan totals, aggregated by ZIP code, industry, business type, and various demographic categories.
Overall, SBA and Treasury said the 4.9 million PPP loans have supported more than 51 million jobs and more than 80 percent of small-business employees, with 27 percent of program funds reaching low- and moderate-income communities.
The data release follows the extension of the PPP application deadline until Aug. 8 shortly after the SBA stopped accepting PPP applications last week. The agency has roughly $130 billion in remaining PPP funds.
Community bankers can also access ICBA’s Tell Your Story toolkit for a sample press release and op-ed to share the positive impact of their PPP efforts.
The SBA and Treasury released business names, addresses, lender names, and other information for loans of $150,000 and up, which account for nearly three-quarters of the dollar volume of PPP loans. For loans below $150,000, the agencies will not release business names but will report loan totals, aggregated by ZIP code, industry, business type, and various demographic categories.
Overall, SBA and Treasury said the 4.9 million PPP loans have supported more than 51 million jobs and more than 80 percent of small-business employees, with 27 percent of program funds reaching low- and moderate-income communities.
The data release follows the extension of the PPP application deadline until Aug. 8 shortly after the SBA stopped accepting PPP applications last week. The agency has roughly $130 billion in remaining PPP funds.
Community bankers can also access ICBA’s Tell Your Story toolkit for a sample press release and op-ed to share the positive impact of their PPP efforts.
Compliance Officer Bootcamp – Learning at the Beach!
We held our 2nd annual Compliance Officer Bootcamp, the only one of its kind, on Jekyll Island during June. We provided a safe learning environment where bankers had their own table to engage with our professional speaker, Leah Hamilton, Vice President and Senior Consultant with ProBank Austin. Some of our attendees choose to learn onsite and some interacted with us virtually using our knew STREAM platform. The Compliance Officer Boot Camp provided comprehensive insight on working effectively as a compliance officer, as well as incorporating compliance in all staff roles. The topics covered were relevant for Compliance Officers, Managers, Specialists and Analysts, as well bank operations staff and management. The boot camp served bankers who are new to compliance as well as experienced compliance officers. We are proud of these 17 bankers for the knowledge gained in the three and half day school.
We held our 2nd annual Compliance Officer Bootcamp, the only one of its kind, on Jekyll Island during June. We provided a safe learning environment where bankers had their own table to engage with our professional speaker, Leah Hamilton, Vice President and Senior Consultant with ProBank Austin. Some of our attendees choose to learn onsite and some interacted with us virtually using our knew STREAM platform. The Compliance Officer Boot Camp provided comprehensive insight on working effectively as a compliance officer, as well as incorporating compliance in all staff roles. The topics covered were relevant for Compliance Officers, Managers, Specialists and Analysts, as well bank operations staff and management. The boot camp served bankers who are new to compliance as well as experienced compliance officers. We are proud of these 17 bankers for the knowledge gained in the three and half day school.
Governor Kemp Appoints Four National Uniform Law Commissioners
Gov. Brian Kemp appointed four individuals to represent the state of Georgia as Commissioners to the National Conference of Commissioners on Uniform State Laws. The four include Sen. John Kennedy (R-Macon); Sen. Brian Strickland (R-McDonough); Paul Kurtz, UGA Law School’s Associate Dean and Professor Emeritus; and David Dove, Executive Council to the Governor. The one-year term began July 1, 2020.
Gov. Brian Kemp appointed four individuals to represent the state of Georgia as Commissioners to the National Conference of Commissioners on Uniform State Laws. The four include Sen. John Kennedy (R-Macon); Sen. Brian Strickland (R-McDonough); Paul Kurtz, UGA Law School’s Associate Dean and Professor Emeritus; and David Dove, Executive Council to the Governor. The one-year term began July 1, 2020.
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2020 CBA Salary Survey Free for CBA Members
CBA has teamed up with Warren Averett to deliver the 2020 Annual Salary Survey. The survey is now open and all participating banks will receive a complimentary copy. The survey closes on August 10th and the final copy will be available on September 1st. In addition to salary and benefits on numerous bank positions, this year’s survey will also include:
CBA has teamed up with Warren Averett to deliver the 2020 Annual Salary Survey. The survey is now open and all participating banks will receive a complimentary copy. The survey closes on August 10th and the final copy will be available on September 1st. In addition to salary and benefits on numerous bank positions, this year’s survey will also include:
- Geographic segmentation of the results to provide clearer views of how different regions pay their employees
- Additional HR and Benefits questions to answer the questions that new recruits are asking (PTO, Healthcare, Benefits)
- COVID-19 specific questions to address the circumstances that employers are in
- Benchmarking data from other sources to supplement how any given position is paid
Check out Annual Convention PSPs, Sponsors and Exhibitors
Join us at CBA’s 52nd Annual Convention & Mini-Trade Show where you can learn about the latest products and services from top exhibitors in a safe environment. CBA would like to thank our Preferred Service Providers, Associate Members and Exhibitors for their support to help make this event possible. Click here to learn more about these companies.
Join us at CBA’s 52nd Annual Convention & Mini-Trade Show where you can learn about the latest products and services from top exhibitors in a safe environment. CBA would like to thank our Preferred Service Providers, Associate Members and Exhibitors for their support to help make this event possible. Click here to learn more about these companies.
Security in a Cloud Computing Environment
Guest article from CBA Associate Member CalTech
The FFIEC recently released a statement on Security in a Cloud Computing Environment that comes at a time when news of breaches has become commonplace, even among very large organizations. It is common for community banks to utilize cloud services to be competitive and remain efficient. This statement provided guidance for financial institutions on risk management and identified responsibilities when leveraging cloud services. Managed Service Providers (MSP) must accept the responsibility of being a trusted MSP to community banks and align with the guidance provided by the FFIEC.
As trusted advisors, MSPs must take a proactive approach to secure your community bank's data and resources. This includes:
Guest article from CBA Associate Member CalTech
The FFIEC recently released a statement on Security in a Cloud Computing Environment that comes at a time when news of breaches has become commonplace, even among very large organizations. It is common for community banks to utilize cloud services to be competitive and remain efficient. This statement provided guidance for financial institutions on risk management and identified responsibilities when leveraging cloud services. Managed Service Providers (MSP) must accept the responsibility of being a trusted MSP to community banks and align with the guidance provided by the FFIEC.
As trusted advisors, MSPs must take a proactive approach to secure your community bank's data and resources. This includes:
- Undergoing an annual SSAE18 SOC audit
- Cloud Verify Certification
- An in-depth penetration test of systems and controls with an outside firm
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- The Butler’s Crossing Financial Center of Oconee State Bank, Watkinsville, returned to full-service operations on Monday, June 29th. Our Butler's Crossing team is excited to welcome our valued customers inside, and they are eager to safely assist them with their banking needs.
- Oconee State Bank, Watkinsville, celebrates Marisa Reynolds, Senior Vice President - Digital Transformation & Information Technology, and her 25 Year Service Anniversary with OSB!
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Bob Brown has joined United Community Bank, Blairsville as Chief Information Security Officer and will be located in Greensville, SC.
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Todd Shutley has joined Ameris Bank, Atlanta as Executive Vice President and Chief Specialty Banking Officer.
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Jayn Lawson has joined Vinings Bank, Smyrna as Vice President, Human Resources Manager.
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Keith Perry has joined Vinings Bank, Smyrna as Vice President, SBA Relationship Manager.
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Jimmy Williamson has joined Vinings Bank, Smyrna as Senior Vice President, Commercial Relationship Manager.
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Bryan Hendrix has joined Legacy State Bank, Loganville, as CFO.
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Matthew Lynch has joined Peach State Bank and Trust, Gainesville in the Deposit Operations department.
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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:
FREE HR & Talent Development League Kickoff
Live Virtual STREAM | Friday, July 10, 2020
Put me in, Coach! Are you ready to play? Join the Community Bankers Association of Georgia’s Human Resource & Talent Development League. Whether you are The Head Coach or The Assistant Coach of your bank’s HR Team you are always in season and your position requires ongoing professional development and the opportunity to network with other coaches. BATTER UP: The Human Resource League is designed for all Human Resource Department employees and anyone responsible for keeping up with HR laws, HR issues, and HR trends. Register today.
Live Virtual STREAM | Friday, July 10, 2020
Put me in, Coach! Are you ready to play? Join the Community Bankers Association of Georgia’s Human Resource & Talent Development League. Whether you are The Head Coach or The Assistant Coach of your bank’s HR Team you are always in season and your position requires ongoing professional development and the opportunity to network with other coaches. BATTER UP: The Human Resource League is designed for all Human Resource Department employees and anyone responsible for keeping up with HR laws, HR issues, and HR trends. Register today.
Fair Lending, CRA & ECOA GMI Collection
In-Person or Live Virtual STREAM
You are not HMDA reportable, so now what?Under Regulation B (ECOA), you still must collect government monitoring information (GMI). Join us as we walk through what is required and what are your options. Then, let's leverage that data to explore fair lending and the community reinvestment requirements. We will highlight the fair lending rules and the interplay with the Community Reinvestment Act (CRA). Learn more and register.
In-Person or Live Virtual STREAM
You are not HMDA reportable, so now what?Under Regulation B (ECOA), you still must collect government monitoring information (GMI). Join us as we walk through what is required and what are your options. Then, let's leverage that data to explore fair lending and the community reinvestment requirements. We will highlight the fair lending rules and the interplay with the Community Reinvestment Act (CRA). Learn more and register.
Virtual Event: Balancing the Perceived Risk of Bank and Fintech Partnerships
Wednesday, July 8, 2020 | 11:30 a.m. – 12:30 p.m. ET
Advanced Technology Development Center (ATDC) and CBA’s ATDC Fintech Committee are hosting a three-part series on how community banks and can best work together for a better financial ecosystem. For our first event, please join us and our panel of experts to talk about the perceived risk of bank and fintech partnerships. We'll be discussing the bankers perspective on fintech partnerships, how fintechs can adapt their business for future success for partnership and hear about some successful partnerships along the way. Panelists include Chris Stanley, Atlantic Capital Bank; Zach Duke, Finosec; Kim Kirk, Queensborough National Bank & Trust; and Charles Potts, ICBA. Click here for more information and to register.
Watch for details on Part Two: You heard it from the Regulators - July 22nd, 11:30-12:30 pm
Part Three: Run it by the Banker - August 5th, 11:30-12:30 p.m. For more information, contact Lindsay Greene.
Wednesday, July 8, 2020 | 11:30 a.m. – 12:30 p.m. ET
Advanced Technology Development Center (ATDC) and CBA’s ATDC Fintech Committee are hosting a three-part series on how community banks and can best work together for a better financial ecosystem. For our first event, please join us and our panel of experts to talk about the perceived risk of bank and fintech partnerships. We'll be discussing the bankers perspective on fintech partnerships, how fintechs can adapt their business for future success for partnership and hear about some successful partnerships along the way. Panelists include Chris Stanley, Atlantic Capital Bank; Zach Duke, Finosec; Kim Kirk, Queensborough National Bank & Trust; and Charles Potts, ICBA. Click here for more information and to register.
Watch for details on Part Two: You heard it from the Regulators - July 22nd, 11:30-12:30 pm
Part Three: Run it by the Banker - August 5th, 11:30-12:30 p.m. For more information, contact Lindsay Greene.
Webinar: Navigating the New Credit Cycle and Emerging Credit Risk
Wednesday, July 15, 2020 | 10:00 a.m. ET
Despite economic stimuli and regulatory relief, we can expect the credit degradation prompted by COVID-19 crisis to be problematic and extensive. Join this webinar as we review Q1 credit risk insights and what to expect for Georgia banks and the Southeast region, examining why now is the time for lenders to adopt aggressive new approaches to discover and monitor portfolio credit quality — both in aggregate and transactionally — including loans affected by COVID-19. Learn more and register.
Wednesday, July 15, 2020 | 10:00 a.m. ET
Despite economic stimuli and regulatory relief, we can expect the credit degradation prompted by COVID-19 crisis to be problematic and extensive. Join this webinar as we review Q1 credit risk insights and what to expect for Georgia banks and the Southeast region, examining why now is the time for lenders to adopt aggressive new approaches to discover and monitor portfolio credit quality — both in aggregate and transactionally — including loans affected by COVID-19. Learn more and register.
Webinar: Bankruptcy 101: A Special Webinar for the CBA of Georgia
Tuesday, July 21, 2020 | 10:00 a.m. – 11:15 a.m. ET
Stalled reopenings, truncated travel, rising infection rates and increased unemployment resulting from the pandemic continue to be catalysts for accelerated commercial bankruptcy filings, foreclosures and insolvency proceedings. Some predict that one of the largest bankruptcy surges in generations is on the horizon, and community banks will be undoubtedly be affected.
Thompson Hine LLP is pleased to present a “bankruptcy primer” to provide a high-level overview of fundamental insolvency concepts and strategies in the age of COVID-19. The presenters will include partners Sean A. Gordon and J.A. Schneider and associate Austin Alexander. Please register online to receive the webinar login information.
Tuesday, July 21, 2020 | 10:00 a.m. – 11:15 a.m. ET
Stalled reopenings, truncated travel, rising infection rates and increased unemployment resulting from the pandemic continue to be catalysts for accelerated commercial bankruptcy filings, foreclosures and insolvency proceedings. Some predict that one of the largest bankruptcy surges in generations is on the horizon, and community banks will be undoubtedly be affected.
Thompson Hine LLP is pleased to present a “bankruptcy primer” to provide a high-level overview of fundamental insolvency concepts and strategies in the age of COVID-19. The presenters will include partners Sean A. Gordon and J.A. Schneider and associate Austin Alexander. Please register online to receive the webinar login information.
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