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CBA's PAC/PR Funds
Advocacy Update
Preferred Service Providers
Events Calendar
HR & Talent Development League
Conventions
Webinars
Compliance Professional Package
Banker Regulatory Forums
Community Bank Leadership Academy
Check Out Our
Preferred
Service
Providers!
For years, Georgia’s community banks were at a distinct disadvantage compared to large, mostly out of state financial institutions when competing for municipal deposits. The pledging requirements in place made it cost prohibitive for community banks to secure deposits from local municipalities that wanted to keep their money local. As Georgia’s community banking-only state association, CBA made changing the law a top priority in the fall of 2018 to help level the playing field for community banks. In May 2019, CBA’s efforts were realized when Governor Kemp came to CBA headquarters to sign SB157 into law. The law allows banks to use the reciprocal deposit network to place municipal deposits and provide 100% FDIC insurance for all balances. Onerous and costly pledging is no longer required!
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At the time of signing, projections suggested that over $1 billion in deposits would flow into the networks over a two-year period. Even with the pandemic and current liquidity positions, approximately $300 million combined has been placed by the two approved provider firms. With the need for core funding on the rise again, we will be tracking the progress and reporting to the membership and the Kemp administration over the coming months. In the meantime, please contact CBA with any questions.
The success of SB157 is a clear indication of the value of single constituent advocacy in the financial services industry. Large banks and community banks have different needs and concerns, and the fight over SB157 provides all with a very recent example of those differences. As the voice for the community banking industry, we need your help to fight for the legislative and regulatory priorities that are important to you. To be effective, please consider supporting the CBA Advocacy Fund. Your contributions go directly towards efforts to advance the community bank agenda here in Georgia. Thank you for your support! |
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Bankers Meet with Legislators at Valdosta Town Hall Talk: Next Stop Tomorrow in Augusta
Augusta 8/4 | Milledgeville 8/11 | Watkinsville 8/17
Last Thursday, CBA kicked off our Town Hall Talks in Valdosta. We were pleased to welcome Representative Noel Williams and Senator Russ Goodman for discussions with our bankers and vendors. Our Town Hall Talks are a multi-location grassroots alternative to the Day at the Dome for bankers to continue building our grassroots advocacy efforts and to meet their legislators in person. Attendees had the opportunity to engage with legislators in a question-and-answer session and to hear their perspectives on legislative issues. We greatly appreciate the candor of Rep. Williams and Sen. Goodman.
We hope you join us tomorrow in Augusta and the next two weeks in Milledgeville and Watkinsville.
As you know, CBA raises funds throughout the year for our advocacy efforts through clay shoots, Top Golf, our silent auction and other fundraisers. If you haven’t already made a contribution, we ask that you do so today to support our efforts by clicking here.
Augusta 8/4 | Milledgeville 8/11 | Watkinsville 8/17
Last Thursday, CBA kicked off our Town Hall Talks in Valdosta. We were pleased to welcome Representative Noel Williams and Senator Russ Goodman for discussions with our bankers and vendors. Our Town Hall Talks are a multi-location grassroots alternative to the Day at the Dome for bankers to continue building our grassroots advocacy efforts and to meet their legislators in person. Attendees had the opportunity to engage with legislators in a question-and-answer session and to hear their perspectives on legislative issues. We greatly appreciate the candor of Rep. Williams and Sen. Goodman.
We hope you join us tomorrow in Augusta and the next two weeks in Milledgeville and Watkinsville.
As you know, CBA raises funds throughout the year for our advocacy efforts through clay shoots, Top Golf, our silent auction and other fundraisers. If you haven’t already made a contribution, we ask that you do so today to support our efforts by clicking here.
Community Bank Leaders Gather at Executive Channel
Community bank leaders gathered in Macon yesterday for Executive Channel, a quarterly program where participants learn best practices and solutions for community banking success. For this session, moderator Corrie Hall, James-Bates-Brannan-Groover LLP, was joined by guest moderators JR Llewellyn, Newcleus, and Dan Speight, Pinehurst Capital Group. Georgia banking trends, regulatory trends, and compensation were just a few of the topics covered in the roundtable discussions. Special thanks to Session III sponsors ICBA Securities and IntraFi.
Community bank leaders gathered in Macon yesterday for Executive Channel, a quarterly program where participants learn best practices and solutions for community banking success. For this session, moderator Corrie Hall, James-Bates-Brannan-Groover LLP, was joined by guest moderators JR Llewellyn, Newcleus, and Dan Speight, Pinehurst Capital Group. Georgia banking trends, regulatory trends, and compensation were just a few of the topics covered in the roundtable discussions. Special thanks to Session III sponsors ICBA Securities and IntraFi.
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Cryptocurrencies: The Landscape, Use Cases, and
Future Projections One of the Thursday breakout sessions at CONNECT, CBA’s 2022 convention, features Rahm McDaniel, NYDIG, and Marcie Bomberg, WIPFLI, on the topic of cryptocurrency. Financial institutions have seen increased withdrawals to crypto providers as customers have invested in cryptocurrencies. Given the chance, however, many of these customers would rather hold their crypto assets with their bank. In this session, NYDIG and Wipfli will discuss strategies that banks have been employing to both retain and grow assets in their ecosystem. Click here for all things CONNECT, including registration, hotel, silent auction and more. |
Marcie Bomberg-Montoya, OCI, OEI
Principal WIPFLI 
Rahm McDaniel
Head of Banking Solutions NYDIG |
Nominate Georgia’s Top Lobbyists, Deadline is August 8th
It is that time of year to nominate Georgia’s top lobbyists, and CBA needs your help!
It is that time of year to nominate Georgia’s top lobbyists, and CBA needs your help!
- Top Lobbyists: LORI GODFREY
- Top Trade or Business Associations:
COMMUNITY BANKERS ASSOCIATION OF GEORGIA - Top Governmental Affairs Firms: Non-Law Firm Affiliated (SMALLER): FIVEASH STANLEY
Looking for Solutions?
Look to CBA’s Preferred Service Providers First!
CBA’s Preferred Service Providers and Associate Members support Georgia’s community banking industry in a number of ways—whether offering products and services to help members become more efficient, sponsoring a program or bringing new and relevant information to CBA professional development programs. When looking for new solutions or an alternative for an existing service, look to CBA’s Preferred Service Providers and Associate Members first. Each issue of Georgia Communities First magazine includes a listing with contact info for PSPs. Take a look and if you’d like an introduction, contact Lindsay Greene at CBA.
Look to CBA’s Preferred Service Providers First!
CBA’s Preferred Service Providers and Associate Members support Georgia’s community banking industry in a number of ways—whether offering products and services to help members become more efficient, sponsoring a program or bringing new and relevant information to CBA professional development programs. When looking for new solutions or an alternative for an existing service, look to CBA’s Preferred Service Providers and Associate Members first. Each issue of Georgia Communities First magazine includes a listing with contact info for PSPs. Take a look and if you’d like an introduction, contact Lindsay Greene at CBA.
Georgia’s community bankers do great things in their communities every day. Here is the latest on community outreach and news from CBA Members:
- The Moultrie-Colquitt County Chamber of Commerce recently held a new member ribbon cutting for Moultrie Bank & Trust. Shown center cutting the ribbon is Donna Lott, the bank’s President/CEO. With her are MB&T stockholders, MB&T employees, community friends, and Chamber Ambassadors and staff.
Wendi Spinks has been promoted to VP of Compliance, BSA, and Human Resources at Legacy State Bank, Loganville.
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Mandy Andrews has been promoted to Customer Service Representative at Legacy State Bank, Loganville.
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Kelly Godfrey has joined Colony Bank, Savannah, as a Mortgage Loan Originator.
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Anne Hood has joined Exchange Bank, Milledgeville, as Loan Compliance and CRA Officer.
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Johnny Irvin, CEO of Rabun County Bank, Clayton, and Greg Funkhouser, President, announced Mr. Funkhouser’s intention to retire from his position as President effective December 31, 2022. The bank’s board of directors selected Claude Dillard to succeed Mr. Funkhouser as bank President. Mr. Funkhouser will continue to serve on the bank’s board of directors. Melanie Silvestri has been appointed Co-CEO by the bank’s board of directors. Read more.
The Federal Reserve Bank of Atlanta Announces New Roles for Four Leaders in the Sixth Federal Reserve District.
- Michael Chriszt has been named Vice President of Regional Engagement.
- Marc Fordham has been promoted to Vice President of External Relations.
- Misty Skedgell has been promoted to Vice President of Corporate Communications.
- Patrick Dierberger has been promoted to Vice President of Financial Management and Planning (FM&P). Read press release.
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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:
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Advanced BSA/AML Compliance School
August 23-26, 2022 | St. Simons or Live Virtual STREAM
August 23-26, 2022 | St. Simons or Live Virtual STREAM
- Up to 20.25 CPEs Earned
- Fintech and the BSA Risks
- Emerging Payment Systems – Fraud and BSA Compliance
- Cryptocurrency – BSA Implications Whether Banking or Not Banking
- Cannabis – BSA Red Flags, State and Federal Regulatory Update as well as Georgia Legal Update
- BSA Reform – What’s on the Horizon and Impact to the BSA Programs Now
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Stokes Carmichael & Ernst LLP is a general business and civil litigation law firm bringing The Power of Legal Knowledge® to banks and other business clients in the areas of: collections, workouts, and creditors’ rights; business law and litigation; employment law and litigation; and general civil litigation.
Contact Mike Ernst at 404-603-3441 or visit their website. |
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Here are some of the latest news stories relevant to community banking and the financial services industry:
Now Leasing – 11,000 SF Former Regions Bank
1172 Old Salem Road, Conyers, GA 30094 - former Regions Bank
1172 Old Salem Road, Conyers, GA 30094 - former Regions Bank
- Subdividable to 5,500 sf
- Drive through window w/3 teller window lanes
- Click for more info
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