CBA’s Nominating has announced the proposed slate for the CBA Board of Directors for 2020-2021. Earlier this year, CBA invited interested bankers to contact CBA to share their interest in serving on the board and the Nominating Committee has delivered the final slate. Review the proposed slate here. A vote will take place on Friday, September 25, 2020 at the General Session of CBA’s Annual Convention.
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. Choose In-Person or Virtual Option by August 28th!
The Hilton Sandestin received high marks from a conference recently held at the resort. “Wanted to report I just completed an in person, socially distanced conference this week! It was smaller than our usual conference but was very needed by both our exhibitors and attendees. We were at the Hilton Sandestin Beach and Golf Resort who went above and beyond to be sure all safety standards were not just met but exceeded! It can be done! It’s a bit more work, but totally worth it!” - Medical Group Management Association of Alabama
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. Choose In-Person or Virtual Option by August 28th!
The Hilton Sandestin received high marks from a conference recently held at the resort. “Wanted to report I just completed an in person, socially distanced conference this week! It was smaller than our usual conference but was very needed by both our exhibitors and attendees. We were at the Hilton Sandestin Beach and Golf Resort who went above and beyond to be sure all safety standards were not just met but exceeded! It can be done! It’s a bit more work, but totally worth it!” - Medical Group Management Association of Alabama
More Breakout Session Options:
Modern Marketing Strategies
for Community Banks Chris Bates, CEO AgoraEversole |
Create Positive Story,
Get Ahead of Negative Story Blair Logan, Senior Vice President William Mills Agency |
2020 Fall Clay Shoot
There’s no better place to social distance with your fellow bankers and associate member partners than at CBA’s Fall Clay Shoots. Join us September 30th at Wynfield Plantation or October 8th at Burge Plantation and help raise funds for CBA’s advocacy efforts.
New this year - Join us for the NEW CBA Corn Hole Tournament, benefiting PAC/PR! Join us for the clay shoot in the morning and stay on for corn hole in the afternoon! Learn more and register
There’s no better place to social distance with your fellow bankers and associate member partners than at CBA’s Fall Clay Shoots. Join us September 30th at Wynfield Plantation or October 8th at Burge Plantation and help raise funds for CBA’s advocacy efforts.
New this year - Join us for the NEW CBA Corn Hole Tournament, benefiting PAC/PR! Join us for the clay shoot in the morning and stay on for corn hole in the afternoon! Learn more and register
September is National Preparedness Month – CBA’s Free Monthly Marketing Toolkit
With an active hurricane season already underway, CBA invites you to check out the September Monthly Marketing Toolkit. September is National Preparedness Month, so now is the time to promote family and community disaster and emergency planning. Take advantage of these graphics to use in your social media. In addition to the website and social media graphics, the toolkit includes numerous resources to help keep your customers and community safe.
With an active hurricane season already underway, CBA invites you to check out the September Monthly Marketing Toolkit. September is National Preparedness Month, so now is the time to promote family and community disaster and emergency planning. Take advantage of these graphics to use in your social media. In addition to the website and social media graphics, the toolkit includes numerous resources to help keep your customers and community safe.
Georgia’s community bankers do great things in their communities every day. Here is the latest on community outreach and news from CBA Members:
- Altamaha Bank & Trust, Mount Vernon, recently donated to $10,000 to Brewton-Parker College for the Building Barons Scholarship Fund.
- U.S. Senator David Perdue recently met with Georgia small business owners and nonprofit organizations that received Paycheck Protection Program (PPP) loans during the “Business During Coronavirus” roundtable, hosted by Vinings Bank, Smyrna. Click here for article.
Greater Community Bank, Rome announces the promotion of Jamie Landers Foster to Branch Manager at our East Rome location.
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Chris Barr has joined The Claxton Bank as Vice President/ Commercial Lender – Market Leader.
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Michael Boswell has joined Providence Bank, Alpharetta, as a Credit Analyst/Assistant Vice President.
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Keith Flynn has joined Ameris Bank, Atlanta, as Director of Treasury Services.
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Michael Coady has joined Ameris Bank, Atlanta, as as Retail Director.
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Planters Bank Announces New Middle Georgia Management Team
The following individuals have been selected to lead the growth markets of Planters Bank along with Eli Tinsley, Bank President, Chief Deposit Officer.
The following individuals have been selected to lead the growth markets of Planters Bank along with Eli Tinsley, Bank President, Chief Deposit Officer.
- Clay Corbitt, Houston/Bibb County Regional President
- Jamie Langham, Macon Market President
- Kristina Gibbs, Warner Robins Market President
- Jason Lord, Perry Market President
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:
CBA Hosts Successful Bank Protection Summit with a Hybrid Solution
We are thrilled to share with each of you that we have successfully implemented a Hybrid solution for our educational offerings.
Last week, we held our Bank Protection Summit (formally known as the Cyber Risk Summit), enhanced to include two tracks: 1) Bank Security and 2) Cyber/ISO. As we continue to serve our banks with effective education, our bankers choose either to attend In-Person or the Virtual option. This gives you the chance to continue learning while selecting what is best for you during these times.
“Most people know that I enjoy seeing individuals learn, share knowledge and take action plan checklists back to their jobs for application. I was able to observe this engagement throughout our summit and have been this week while facilitating our 13th annual advanced BSA/AML school. We are thankful our bankers, associate members, preferred service providers and professional instructors believe in us as we continue moving forward alongside our community banks.” Kristi Greer, SVP- Professional Development, CBA of GA. Check out some pictures…
We are thrilled to share with each of you that we have successfully implemented a Hybrid solution for our educational offerings.
Last week, we held our Bank Protection Summit (formally known as the Cyber Risk Summit), enhanced to include two tracks: 1) Bank Security and 2) Cyber/ISO. As we continue to serve our banks with effective education, our bankers choose either to attend In-Person or the Virtual option. This gives you the chance to continue learning while selecting what is best for you during these times.
“Most people know that I enjoy seeing individuals learn, share knowledge and take action plan checklists back to their jobs for application. I was able to observe this engagement throughout our summit and have been this week while facilitating our 13th annual advanced BSA/AML school. We are thankful our bankers, associate members, preferred service providers and professional instructors believe in us as we continue moving forward alongside our community banks.” Kristi Greer, SVP- Professional Development, CBA of GA. Check out some pictures…
Retail Banking Forum
The Retail Banking Forum provides a platform and an opportunity for retail banking officers to exchange ideas freely and examine pressing issues in today's ever-evolving regulatory, cost-conscience, and results-driven environment. The agenda for each session is based on input from participants in the forum group and the facilitator. Also, subject matter experts will be brought in to cover specific pressing forum topics.
Session III - September Topics
The agenda is established by the attendees – submit your questions and topics to Connie Shepherd by August 28th.
The Retail Banking Forum provides a platform and an opportunity for retail banking officers to exchange ideas freely and examine pressing issues in today's ever-evolving regulatory, cost-conscience, and results-driven environment. The agenda for each session is based on input from participants in the forum group and the facilitator. Also, subject matter experts will be brought in to cover specific pressing forum topics.
Session III - September Topics
The agenda is established by the attendees – submit your questions and topics to Connie Shepherd by August 28th.
Community Banks Registered a 3.2 Percent Increase in Net Income Year-Over-Year
Reports from 4,624 FDIC-insured community banks reflect annual net income growth of $202.5 million. Despite a 273 percent increase in provision expenses to $2.4 billion and continued net interest margin compression, more than half of all community banks reported higher net income. This increase was primarily attributable to higher revenue from gains on the sale of loans (up $1.4 billion or 142.2 percent) and gains on the sale of securities (up $299.8 million or 130.7 percent). Community banks reported strong loan growth of 13.5 percent year-over-year, driven by lending activity related to the Paycheck Protection Program (PPP). The net interest margin for community banks compressed 17 basis points year-over-year to 3.51 percent, as the decline in average earning asset yields outpaced the decline in funding costs.
Reports from 4,624 FDIC-insured community banks reflect annual net income growth of $202.5 million. Despite a 273 percent increase in provision expenses to $2.4 billion and continued net interest margin compression, more than half of all community banks reported higher net income. This increase was primarily attributable to higher revenue from gains on the sale of loans (up $1.4 billion or 142.2 percent) and gains on the sale of securities (up $299.8 million or 130.7 percent). Community banks reported strong loan growth of 13.5 percent year-over-year, driven by lending activity related to the Paycheck Protection Program (PPP). The net interest margin for community banks compressed 17 basis points year-over-year to 3.51 percent, as the decline in average earning asset yields outpaced the decline in funding costs.
Georgia Department of Banking and Finance Adopts Final Rules
The Georgia DBF adopted Final Rules last week. The Rules were filed with the Secretary of State on August 19, 2020, and, pursuant to O.C.G.A. § 50-13-6, will be effective on September 8, 2020, which is twenty (20) days following the filing of the Rules with the Secretary of State. Prior to adopting the Rules, the proposed Rules along with a synopsis were distributed on July 17, 2020. The Department received five written comments regarding the proposed Rules. The Department fully considered the comments but did not make any substantive revisions. The Department believes that the Rules as adopted encourage safe and fair installment lending and conform to the law. To view or download a copy, visit https://dbf.georgia.gov/dbf-regulations and select the appropriate link for the Final Rules or access here.
The Georgia DBF adopted Final Rules last week. The Rules were filed with the Secretary of State on August 19, 2020, and, pursuant to O.C.G.A. § 50-13-6, will be effective on September 8, 2020, which is twenty (20) days following the filing of the Rules with the Secretary of State. Prior to adopting the Rules, the proposed Rules along with a synopsis were distributed on July 17, 2020. The Department received five written comments regarding the proposed Rules. The Department fully considered the comments but did not make any substantive revisions. The Department believes that the Rules as adopted encourage safe and fair installment lending and conform to the law. To view or download a copy, visit https://dbf.georgia.gov/dbf-regulations and select the appropriate link for the Final Rules or access here.
Webinar: The Important of Risk Management in the Age of the Breach – Attend and receive $50 Amazon gift card.
Tuesday, September 15, 2020 | 11:00 a.m.
As you read this, a business somewhere is falling victim to a new cyberattack and potentially losing millions of dollars. That’s because on average it takes hackers only a week to exploit new vulnerabilities, while businesses take four months to patch them. Don’t let your company be next. Attend this important webinar on vulnerability assessment and risk management where security expert Matt Duench from Arctic Wolf examines the challenge of breaches, how they happen, and what you can do to stop them. Learn more and register.
Tuesday, September 15, 2020 | 11:00 a.m.
As you read this, a business somewhere is falling victim to a new cyberattack and potentially losing millions of dollars. That’s because on average it takes hackers only a week to exploit new vulnerabilities, while businesses take four months to patch them. Don’t let your company be next. Attend this important webinar on vulnerability assessment and risk management where security expert Matt Duench from Arctic Wolf examines the challenge of breaches, how they happen, and what you can do to stop them. Learn more and register.
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Bahr Consultants, Inc. is a "fee only” risk management and insurance consulting firm that specializes in analysis of financial institutions insurance exposures. The focus is on the Financial Institution Bond, Directors & Officers Liability, Cyber Liability, Bankers Professional Liability and Property/Casualty insurance exposures for banks. Founded by W.H. (Hank) Bahr in 1988, Bahr Consultants conducts research and completes the documentation needed to obtain competitive pricing and ensure proper insurance coverage.
To learn more, contact Hank Bahr at 865-694-6098 or visit www.bahrconsultantsinc.com |
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Here are some of the latest news stories relevant to community banking and the financial services industry:
- Answers to 5 Common ESA Distribution Questions – Guest article from CBA Associate Member Ascensus
- BankThink GSEs' new refi fee will hurt borrowers most
- PPP interim rule addresses owner-employees, nonpayroll costs
- FDIC proposes updates to MDI policy statement
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