A sincere thank you to Senator David Perdue for granting exclusive access to CBA members last Friday for an interactive session. CBA members were able to ask questions directly to Sen. Perdue on a variety of topics affecting the community banking industry in Georgia and across the nation. Senator Perdue recognized Georgia’s community bankers for their hard work as the predominant PPP lender for small businesses.
In Georgia, community banks made approximately 93,500 PPP loans, while nationally, community banks made approximately 2.8 million PPP loans. To put this into perspective, there were 4.9 million small businesses that received a PPP loan overall, which means community banks served 57.5 percent of all recipients. In Georgia, the figure was higher at 60 percent.
To learn more or support Sen. Perdue, visit perdue.senate.gov.
In Georgia, community banks made approximately 93,500 PPP loans, while nationally, community banks made approximately 2.8 million PPP loans. To put this into perspective, there were 4.9 million small businesses that received a PPP loan overall, which means community banks served 57.5 percent of all recipients. In Georgia, the figure was higher at 60 percent.
To learn more or support Sen. Perdue, visit perdue.senate.gov.
NEW Virtual Option! - 2020 Annual Convention and Mini-Trade Show!
We have heard from our members and are giving you a choice to come to Sandestin or participate in convention virtually. Visit our convention page to view the convention agenda, learn about speakers, sponsors and exhibitors as well as safety information, FAQ’s and hotel information.
Upcoming Deadlines:
We have heard from our members and are giving you a choice to come to Sandestin or participate in convention virtually. Visit our convention page to view the convention agenda, learn about speakers, sponsors and exhibitors as well as safety information, FAQ’s and hotel information.
Upcoming Deadlines:
- Reserve your hotel room by August 23rd to secure the group rate.
- Choose In-Person or Virtual Option by August 28th!
A Few Friday Speakers You Won’t Want to Miss at CBA’s Convention
Dare to Matter: Shake, Rattle, & Roll Your Way to Significance
Pete Smith, President SmithImpact |
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Sub Debt: Not Just for Big Banks
Guest article from CBA Diamond PSP James Bates Brannan Groover LLP
With interest rates at the lowest levels since December 2015, subordinated debt may be an excellent alternative to supplement your bank’s capital structure. For many small banks, subordinated debt may function much like the trust preferred securities that many banks turned to in order to fulfill capital requirements prior to the 2008 economic crisis, but without the complex structure of trust preferred securities. This article briefly explains certain beneficial differences between subordinated debt and trust preferred securities and also outlines some considerations for issuance of subordinated debt. Click here to read entire article.
Guest article from CBA Diamond PSP James Bates Brannan Groover LLP
With interest rates at the lowest levels since December 2015, subordinated debt may be an excellent alternative to supplement your bank’s capital structure. For many small banks, subordinated debt may function much like the trust preferred securities that many banks turned to in order to fulfill capital requirements prior to the 2008 economic crisis, but without the complex structure of trust preferred securities. This article briefly explains certain beneficial differences between subordinated debt and trust preferred securities and also outlines some considerations for issuance of subordinated debt. Click here to read entire article.
ICBA Urging Grassroots on GSE Fee Increase
ICBA is urging community bankers to call on policymakers to overturn Fannie Mae and Freddie Mac's decision to charge a 0.5 percent fee on refinance mortgages. Community bankers can use ICBA's Be Heard grassroots action center to tell Congress to insist that the enterprises and the Federal Housing Finance Agency reverse the policy, which would cost the average homeowner an additional $1,400 amid the COVID-19 pandemic. In a statement last week, ICBA said the decision will raise the cost of mortgage credit, cause financial losses to lenders, and hamper the economic recovery.
ICBA is urging community bankers to call on policymakers to overturn Fannie Mae and Freddie Mac's decision to charge a 0.5 percent fee on refinance mortgages. Community bankers can use ICBA's Be Heard grassroots action center to tell Congress to insist that the enterprises and the Federal Housing Finance Agency reverse the policy, which would cost the average homeowner an additional $1,400 amid the COVID-19 pandemic. In a statement last week, ICBA said the decision will raise the cost of mortgage credit, cause financial losses to lenders, and hamper the economic recovery.
Georgia’s community bankers do great things in their communities every day. Here is the latest on community outreach and news from CBA Members:
- Water Bottles for Students - Thomasville National Bank partnered with city and county school systems to promote financial literacy! Employees distributed new water bottles so students can fill them at water stations that are replacing drinking fountains due to COVID-19. The water bottles have "Saving, Spending & Planning" on them and coordinate with the bank’s new community-based Financial Literacy Initiative launching this Fall!
- South Georgia Bank, Glennville, recently held a Back to School Coloring Contest for local students. The winners are pictured from Collins Elementary School, North Tattnall Middle School and Reidsville Elementary School. Each winner received a $25 gift card.
- Oconee State Bank, Watkinsville, broke ground on the bank’s new corporate headquarters which will be located in downtown Watkinsville. The new building will be completed in 2021 and will consist of 14,000 square feet of office and workspace, as well as a large event space available for bank and community activities.
Sympathies
CBA extends our condolences to family and friends of Mark Faas, Point to Point Environmental, on the recent passing of Mark’s father.
CBA extends our condolences to family and friends of Mark Faas, Point to Point Environmental, on the recent passing of Mark’s father.
Joey Davis, Century Bank & Trust, Milledgeville, recently accepted the position of Commercial and Consumer Loan Officer at the Lake Oconee Loan Production Office.
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David Ellis-Mendoza has joined Greater Community Bank as Assistant Branch Manager of the bank’s Cartersville location.
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Chris Griner has joined Liberty First Bank, Monroe as CFO.
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Cindy Griffin, formerly Regional President over the Southwest Georgia region, including Albany, Leesburg, Moultrie and Sylvester, has been promoted to the newly created position of Senior Vice President, Director of Commercial Banking at Colony Bank, Albany.
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Tommy Clark, formerly Albany Market President, has been promoted to Regional President at Colony Bank, Albany.
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Lisa Shelnutt, United Community Bank, Blairsville, was promoted to Commercial Real Estate Division Manager. She will manage all Commercial Real Estate efforts throughout the bank’s five-state footprint.
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Peach State Bank & Trust, Gainesville welcomes Kelly Beal to the bank’s Call Center.
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Planters First Bank, Cordele, is pleased to announce their new Executive Management Team. The following individuals have been selected to lead Planters First Bank along with Mike Phillips, Chief Executive Officer.
Eli Tinsley, President & Chief Banking Officer
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Amy Still, EVP, Chief Credit Officer
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Kay Watson, EVP, Chief Financial Officer
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Rusty Slade, EVP, Chief Information Officer
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Lisa Lane, EVP, Chief Administration Officer
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Dan Duchnowski, EVP, Chief Deposit Officer & Chief Marketing Officer
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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:
How confident are you with the Commercial Lending underwriting process? We are pleased to offer a new innovative hands-on workshop. This workshop will be an interactive experience that will enable the participants to evaluate their level of proficiency in the commercial lending arena. The banker will have the opportunity to work alongside Lending Expert Jeffrey Johnson to strengthen their skill sets and become a more effective commercial lender.
The course is composed of a real-life comprehensive case study where the participants must read and solve the case. In doing so, they must demonstrate their commercial lending skill levels including:
• Prospecting for good business
• Analyzing management, business and credit risks
• Writing an effective credit memorandum
• Required loan documentation procedures
Register today!
The course is composed of a real-life comprehensive case study where the participants must read and solve the case. In doing so, they must demonstrate their commercial lending skill levels including:
• Prospecting for good business
• Analyzing management, business and credit risks
• Writing an effective credit memorandum
• Required loan documentation procedures
Register today!
Webinar: Understanding the New Safety & Soundness Standards for Financial Institutions
Tuesday, September 1, 2020 | 3 - 4 p.m.
Over the past several months, financial institutions have faced continual updates, changes, and mandates from the government and regulatory bodies. One vital communication from the regulators is the “Interagency Examiner Guidance for Assessing Safety and Soundness Considering the Effect of the COVID-19 Pandemic on Institutions” issued in June. The webinar discusses what examiners will assess as it relates to safety and soundness standards and what financial institutions can do to prepare for these evaluations. Learn more and register.
Tuesday, September 1, 2020 | 3 - 4 p.m.
Over the past several months, financial institutions have faced continual updates, changes, and mandates from the government and regulatory bodies. One vital communication from the regulators is the “Interagency Examiner Guidance for Assessing Safety and Soundness Considering the Effect of the COVID-19 Pandemic on Institutions” issued in June. The webinar discusses what examiners will assess as it relates to safety and soundness standards and what financial institutions can do to prepare for these evaluations. Learn more and register.
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Harland Clarke is a leading provider of customer engagement solutions that help connect businesses and people how, when, and where it matters. The company offers payment tools such as checks and cards; lifecycle marketing solutions; critical communications; and promotional products for businesses. Harland Clarke serves more than 43 million consumers and 6 million small and medium sized businesses per year through its relationships with more than 11,000 of the nation’s leading financial institutions, large retailers, affiliate marketing companies and accounting software providers.
To learn more, contact Ryan Busenitz at 678-491-3866 or visit http://www.harlandclarke.com |
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Here are some of the latest news stories relevant to community banking and the financial services industry: Additional Resources:
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