CBA’s 52nd Annual Convention and Mini-Trade Show was a much-needed boost of information and enthusiasm for the community banking industry! The General Session on Friday included a special video message from Governor Brian Kemp, followed by Friday’s keynote speaker Pete Smith, an advocacy presentation, the popular Mini-Trade Show, and well-attended breakout sessions. Saturday’s schedule included a Dawn Breaker’s session from FHLB Atlanta, a conversation with the regulators, an economic presentation and breakout sessions. Wrapping up the convention was a thoughtful and inspiring presentation by David Salyers which offered much for both the mind and heart. The evening concluded on the beach with a performance by Riverstreet Band of Gainesville. Between David’s message and relaxing on the beach listening to a great band, the convention concluded on a fantastic note.
“I would like to thank all our attendees, partner firms, the entire CBA Board, and the membership for their collective support in helping us make this event happen. Clearly, it was time and I am so glad we went ahead with the event,” commented John McNair, CBA President & CEO.
“I have been attending and/or managing conventions for 30 plus years and while the spirit of attendees is usually high; this year was off the charts,” John continued. “Everyone was so happy to be together enjoying the camaraderie and overall good vibe of community banking. Based on the comments from our virtual attendees, it seems they too were able to engage and partake of the positive atmosphere.”
Enjoy these photos from the event!
Learn more about CBA Wellness Solutions/CBA Healthcare Insurance.
“CBA Wellness Solutions will serve as a repository of ideas and opportunities for Georgia’s community bankers touching the three arrows of overall wellness-mind, body and spirit” - John McNair
Register for this FREE webinar being held on Thursday, October 1.
“CBA Wellness Solutions will serve as a repository of ideas and opportunities for Georgia’s community bankers touching the three arrows of overall wellness-mind, body and spirit” - John McNair
Register for this FREE webinar being held on Thursday, October 1.
Captive Insurance Seen as Covid-Era Remedy to Rising Premiums
According to a recent article in the Wall Street Journal, rising insurance premiums are costing businesses millions of dollars they can ill afford as they navigate the coronavirus pandemic. Many companies are responding by trying to manage risks on their own.
The pandemic has highlighted the attractiveness of being able to tailor insurance using a captive, rather than relying on cover from the open market through mainstream insurers. A surge in demand for so-called captive insurance and the increasing amount of capital being devoted to mitigating risks have caught many in the industry by surprise, including brokers who sell the idea of setting up a captive insurer. Read the entire article.
According to a recent article in the Wall Street Journal, rising insurance premiums are costing businesses millions of dollars they can ill afford as they navigate the coronavirus pandemic. Many companies are responding by trying to manage risks on their own.
The pandemic has highlighted the attractiveness of being able to tailor insurance using a captive, rather than relying on cover from the open market through mainstream insurers. A surge in demand for so-called captive insurance and the increasing amount of capital being devoted to mitigating risks have caught many in the industry by surprise, including brokers who sell the idea of setting up a captive insurer. Read the entire article.
U.S. Treasury’s Community Development Fund Awards Two Georgia Community Banks
Carver State Bank, Savannah and Southeast First National Bank, Summerville, were among the 397 Community Development Financial Institutions (CDFIs) receiving $204.1 million in awards from the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund). The awards, through the FY 2020 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program), will enable CDFIs to increase lending and investment activity in low-income and economically distressed communities across the nation.
The CDFI Program invests in and builds the capacity of CDFIs to serve low-income people and communities lacking adequate access to affordable financial products and services. Read the press release and the CDFI Program Award Book.
Carver State Bank, Savannah and Southeast First National Bank, Summerville, were among the 397 Community Development Financial Institutions (CDFIs) receiving $204.1 million in awards from the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund). The awards, through the FY 2020 round of the Community Development Financial Institutions Program (CDFI Program) and the Native American CDFI Assistance Program (NACA Program), will enable CDFIs to increase lending and investment activity in low-income and economically distressed communities across the nation.
The CDFI Program invests in and builds the capacity of CDFIs to serve low-income people and communities lacking adequate access to affordable financial products and services. Read the press release and the CDFI Program Award Book.
Georgia’s community bankers do great things in their communities every day. Here is the latest on community outreach and news from CBA Members:
- Vinings Bank, Smyrna, was recognized in the Marietta Daily Journal which was in a guest column submitted by Senator David Perdue. Senator Perdue recently met with small business owners at Vinings Bank who were received PPP loans.
Rhonda Dellinger has joined Peach State Bank & Trust, Gainesville, as a Mortgage Originator in their Mortgage Division.
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Treamon Andrews has joined Signature Bank of Georgia, Atlanta, as Vice President and Senior Credit Analyst.
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United Community Bank, Blairsville, announces the addition of Brian Goff as Director of Portfolio Management.
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Cole Posey has joined Colony Bank as Vice President and Commercial Banker for the Moultrie market.
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Matthew Owens has joined Georgia Primary Bank, Atlanta as Vice President and Commercial Lender.
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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:
Vince Dooley, CBA’s Legal Hotline, Bear Wresting and More – Meet Our Featured PSP Dan Brannan
In the current issue of Georgia Communities First, CBA is pleased to feature Dan Brannan, Partner, James Bates Brannan Groover LLP, a Diamond Preferred Service Provider. CBA invited Dan to participate in a Q & A about the services his firm offers and to learn a little about Dan. Take a moment for this interesting read!
In the current issue of Georgia Communities First, CBA is pleased to feature Dan Brannan, Partner, James Bates Brannan Groover LLP, a Diamond Preferred Service Provider. CBA invited Dan to participate in a Q & A about the services his firm offers and to learn a little about Dan. Take a moment for this interesting read!
Webinar: Community Bank Strategies for Outperformance
Wednesday, October 14, 2020 | 10:00 a.m. ET
Not only are rates near record lows, the Fed seems intent on keeping them that way for several years. Both bankers and examiners continue to gain familiarity with off-balance sheet tools which are being utilized for an expanding set of purposes, including the maintenance of Net Interest Margins in a declining rate environment. This workshop will discuss the current market environment, balance sheet analytics and strategies for improving core products and overall performance. Click here to register.
Wednesday, October 14, 2020 | 10:00 a.m. ET
Not only are rates near record lows, the Fed seems intent on keeping them that way for several years. Both bankers and examiners continue to gain familiarity with off-balance sheet tools which are being utilized for an expanding set of purposes, including the maintenance of Net Interest Margins in a declining rate environment. This workshop will discuss the current market environment, balance sheet analytics and strategies for improving core products and overall performance. Click here to register.
Webinar: Ransomware: Are you prepared?
Thursday, October 8, 2020 | 11:00 a.m. ET
Ransomware is not new, yet it continues to make the headlines in Cybersecurity. A ransomware attack takes over networks and critical files and is a growing issue for organizations of all sizes. Without the proper preparation, this type of attack can bring any business to a halt and put your critical data at risk.
Passpoint Security is hosting a webinar on Incident Response Preparedness which can help your organization respond, recover, and minimize the impact of such an attack. Register in advance for this webinar.
Thursday, October 8, 2020 | 11:00 a.m. ET
Ransomware is not new, yet it continues to make the headlines in Cybersecurity. A ransomware attack takes over networks and critical files and is a growing issue for organizations of all sizes. Without the proper preparation, this type of attack can bring any business to a halt and put your critical data at risk.
Passpoint Security is hosting a webinar on Incident Response Preparedness which can help your organization respond, recover, and minimize the impact of such an attack. Register in advance for this webinar.
Over 80 bankers, associate members and bank clients are descending at Wynfield Plantation in Albany today for the Charlie Curry 2020 PAC Clay Shoot. The next Clay Shoot will be held on October 8, 2020 at Burge Plantation in Mansfield. Special thanks to ATM Response, the Premier Sponsor of both clay shoots and to the many sponsors supporting CBA’s legislative efforts.
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Founded in 1993, Crescent Mortgage has always been the premier provider of secondary mortgage offerings for Community Banks. As a Community Bank owned, top 25 national wholesale and correspondent lender, we are "totally committed to daily exceeding the expectations of our customers." Loan products include Fannie Mae, Freddie Mac, FHA, VA, USDA, Jumbo and one time close construction to permanent financing. Crescent offers Wholesale and Correspondent lending options, contract processing, free training, as well as free access to loan origination, compliance and automated underwriting systems.
To learn more, contact Skip Willcox at 478-357-4441 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:
Additional Resources:
- ICBA to Congress: Simplify PPP forgiveness
- Fed moves up Reserve Bank payment services modifications
- Drop in IRA Balances May Mean Rise in Roth IRA Conversions – Guest Article from Ascensus
- FinCEN issues Spanish-language cybercrime advisory
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