August 17, 2016
Events
CBA University
Industry Representation
Legislative Updates
Member Services
Conferences
Conventions
Schools
Webinars
Banker Regulatory Forums
Compliance
CBA University
Industry Representation
Legislative Updates
Member Services
Conferences
Conventions
Schools
Webinars
Banker Regulatory Forums
Compliance
Superior
Products,
Significant Discounts
Products,
Significant Discounts
Vendor Renewal & Evaluation Services
Twenty US hotels, including Marriott, Starwood and Hyatt properties, suffered a major data breach that may have compromised customer card data, HEI Hotel and Resorts reported on Monday. Malware found on the company's systems could have been used to steal data from customers using cards to pay at any point-of-sale terminal across the properties, the company said. An estimated 8,000 transactions took place between March 2015 and June 2016, when the data breach is expected to have occurred. This latest incident follows reports last week of breaches of several cash-register providers, which supply potentially one million point-of-sale systems globally.
Cyber-Attack Incident-Response Exercise Next Month
FS-ISAC is holding an incident-response exercise next month that is free to all regulated financial institutions. Cyberattack Against Payment Systems (CAPS) 2016 will be held twice—September 20-21 and September 27-28. The exercise, which takes approximately an hour per day, will help financial institutions around the country practice incident-response plans and discuss options for the strongest defense possible in a real cyber-attack. Learn more and Register.
FS-ISAC is holding an incident-response exercise next month that is free to all regulated financial institutions. Cyberattack Against Payment Systems (CAPS) 2016 will be held twice—September 20-21 and September 27-28. The exercise, which takes approximately an hour per day, will help financial institutions around the country practice incident-response plans and discuss options for the strongest defense possible in a real cyber-attack. Learn more and Register.
C&I boosts loan growth at small banks in Q2
According to a recent article from SNL, commercial and industrial loans were one of the fastest growing loan type at small U.S. commercial banks in the second quarter, growing by a median 1.73% quarter over quarter among companies with less than $10 billion in assets. By comparison, C&I loans grew by a median 0.74% in the first quarter.
Meanwhile, multifamily loans contracted by a median 0.89% in the second quarter, little improved from the 0.90% drop in the first quarter. Median multifamily loan growth was negative across every region but the Northeast, where it remained flat quarter over quarter.
Total loans at U.S. commercial banks with less than $10 billion in assets grew by a median 2.09% in the second quarter, up significantly from the 0.65% median gain in the first quarter. Small commercial banks in the West posted the highest median total loan growth at 3.63%, while loans at commercial banks in the Northeast grew by the least at 1.61%. View full article here.
According to a recent article from SNL, commercial and industrial loans were one of the fastest growing loan type at small U.S. commercial banks in the second quarter, growing by a median 1.73% quarter over quarter among companies with less than $10 billion in assets. By comparison, C&I loans grew by a median 0.74% in the first quarter.
Meanwhile, multifamily loans contracted by a median 0.89% in the second quarter, little improved from the 0.90% drop in the first quarter. Median multifamily loan growth was negative across every region but the Northeast, where it remained flat quarter over quarter.
Total loans at U.S. commercial banks with less than $10 billion in assets grew by a median 2.09% in the second quarter, up significantly from the 0.65% median gain in the first quarter. Small commercial banks in the West posted the highest median total loan growth at 3.63%, while loans at commercial banks in the Northeast grew by the least at 1.61%. View full article here.
Recent Regulatory Publications
Clocking in at two hundred and ninety three pages, the CFPB’s proposed Amendments to Federal Mortgage Disclosure Requirements under the Truth in Lending Act (Regulation Z) makes many tweaks to the “Know Before You Owe”/TRID rule (the “Rule”). The four items that the CFPB highlights in its press release are (i) the addition of tolerances for the total of payments, (ii) clarification of the treatment of recording fees and transfer taxes for the purposes of the current housing assistance exemption, (iii) a proposal to extend the applicability of the Rule to all cooperative units, and (iv) additional guidance regarding the sharing of the disclosures with third parties to the transaction. While not highlighted by the CFPB, the proposed rule also clarifies the requirements for the compliant disclosure of construction loans and the timing of disclosures following the interest rate lock. To learn more, click here. Guest article from Associate Member and CBA General Counsel James-Bates-Brannan-Groover-LLP.
Clocking in at two hundred and ninety three pages, the CFPB’s proposed Amendments to Federal Mortgage Disclosure Requirements under the Truth in Lending Act (Regulation Z) makes many tweaks to the “Know Before You Owe”/TRID rule (the “Rule”). The four items that the CFPB highlights in its press release are (i) the addition of tolerances for the total of payments, (ii) clarification of the treatment of recording fees and transfer taxes for the purposes of the current housing assistance exemption, (iii) a proposal to extend the applicability of the Rule to all cooperative units, and (iv) additional guidance regarding the sharing of the disclosures with third parties to the transaction. While not highlighted by the CFPB, the proposed rule also clarifies the requirements for the compliant disclosure of construction loans and the timing of disclosures following the interest rate lock. To learn more, click here. Guest article from Associate Member and CBA General Counsel James-Bates-Brannan-Groover-LLP.
White House: Community Banks Strong Despite New Regulations
Community bank performance remains strong since financial reforms passed in 2010, according to an issue brief released by the White House Council of Economic Advisers. The report said that while the number of community banks has declined since passage of the Dodd-Frank Act, the industry’s lending health and geographic reach remain strong.
Nevertheless, the law should be implemented equitably to ensure community banks are allowed to compete on a level playing field, the report said. It cites initiatives to expand deposit-insurance coverage, allow for an 18-month exam cycle, and streamline community bank call reports. Read the CEA Report.
Community bank performance remains strong since financial reforms passed in 2010, according to an issue brief released by the White House Council of Economic Advisers. The report said that while the number of community banks has declined since passage of the Dodd-Frank Act, the industry’s lending health and geographic reach remain strong.
Nevertheless, the law should be implemented equitably to ensure community banks are allowed to compete on a level playing field, the report said. It cites initiatives to expand deposit-insurance coverage, allow for an 18-month exam cycle, and streamline community bank call reports. Read the CEA Report.
FDIC Site Features New Information Protection Initiatives
The FDIC is highlighting the steps it is taking to enhance the protection of the information it holds. In a new cybersecurity section of its website, the agency notes that it has expanded its use of multi-factor authentication, discontinued the ability of its employees to copy information to removable media, and begun transitioning to a cybersecurity system used by the Department of Homeland Security. The FDIC posted the new webpage amid a congressional investigation into the agency’s cybersecurity practices.
The FDIC is highlighting the steps it is taking to enhance the protection of the information it holds. In a new cybersecurity section of its website, the agency notes that it has expanded its use of multi-factor authentication, discontinued the ability of its employees to copy information to removable media, and begun transitioning to a cybersecurity system used by the Department of Homeland Security. The FDIC posted the new webpage amid a congressional investigation into the agency’s cybersecurity practices.
Announcing Fall Sporting Clay Shoot
We’re excited to announce our return to Burge Plantation, Mansfield, GA, for our Fall PAC/PR Clay Shoot, being held Tuesday, October 4, 2016. Registration is now open! Click here to learn more. Register online or email Peake Wilson at the CBA. We will also raffle a shotgun again…more information coming soon! And, be on the lookout for the full brochure to arrive at your office.
Sponsorships are still available! For information, please email Lindsay Greene.
We’re excited to announce our return to Burge Plantation, Mansfield, GA, for our Fall PAC/PR Clay Shoot, being held Tuesday, October 4, 2016. Registration is now open! Click here to learn more. Register online or email Peake Wilson at the CBA. We will also raffle a shotgun again…more information coming soon! And, be on the lookout for the full brochure to arrive at your office.
Sponsorships are still available! For information, please email Lindsay Greene.
Last Chance to Register!
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A one-day seminar, in FIVE CITIES, designed to cover the latest changes in federal deposit regulations. Eliminate confusion about how to interpret deposit compliance regulations. Register today and come learn how to ensure your Deposit program is in compliance and learn how to avoid costly penalties! To register, click the city you wish to attend:
Tuesday, September 13 - Tifton | Wednesday, September 14 – Macon
Thursday, September 15 – Savannah | Tuesday, September 20 – Rome
Wednesday, September 21 - Duluth
Tuesday, September 13 - Tifton | Wednesday, September 14 – Macon
Thursday, September 15 – Savannah | Tuesday, September 20 – Rome
Wednesday, September 21 - Duluth
Free Moody's Analytics Webinar: The Current State and Future of Small Business Lending
You're invited to join Moody's for a webinar on August 25th at 11 a.m. This is a great opportunity for bankers to learn more about the challenges small business lenders face and how technology is helping them to automate and streamline processes for greater efficiency and profitability. Click here to learn more.
You're invited to join Moody's for a webinar on August 25th at 11 a.m. This is a great opportunity for bankers to learn more about the challenges small business lenders face and how technology is helping them to automate and streamline processes for greater efficiency and profitability. Click here to learn more.
Community Bankers Learning and Having Fun at the 4th Annual CBA Compliance Lending School!
On August 8-11, 2016, community bankers from across the state came together at the beautiful Chateau Elan’ Winery and Spa in Braselton to learn all about the compliance lending federal laws and regulations and to network with one another.
On August 8-11, 2016, community bankers from across the state came together at the beautiful Chateau Elan’ Winery and Spa in Braselton to learn all about the compliance lending federal laws and regulations and to network with one another.
We would like to extend a special “thank you” to the bankers who helped to make the school such a success and to the faculty: Anetria Connell and Kathy Mayes, Vice President’s with Professional Bank Services, Louisville, KY, Phyllis Patton, Atlanta FDIC Deputy Regional Director, Gary Clayton, Atlanta FDIC Fair Lending Examination Specialists, and, Jaman Mohamnad, Atlanta FDIC Examination Specialist. We were also pleased to have Ashli Matson, Vice President, Account Executive, GA, SC, and Vernon Tanner, Vice President, Operational Compliance Manager of Crescent Mortgage Company, a CBA endorsed member company, to join us for lunch and the reception. Details regarding the 2017 Compliance Lending School will be available soon. For assistance, please contact Jodi Swilley.
State Bank Financial Named in Bank Director Magazine Scorecard
State Bank Financial Corp. announced that the bank earned the highest ranking among Georgia banks in the $1 billion to $5 billion asset category in the Bank Director 2016 Bank Performance Scorecard. The scorecard is a ranking of US publicly traded banks and thrifts based on 2015 calendar year financial results. More information is available in the 3rd Quarter issue of Bank Director magazine.
State Bank Financial Corp. announced that the bank earned the highest ranking among Georgia banks in the $1 billion to $5 billion asset category in the Bank Director 2016 Bank Performance Scorecard. The scorecard is a ranking of US publicly traded banks and thrifts based on 2015 calendar year financial results. More information is available in the 3rd Quarter issue of Bank Director magazine.
Heritage Community Foundation Presents Grant to W2WA
The Heritage Community Foundation recently presented a grant to April LaLand-Sentmanat, Chief Executive Officer of Woman-2-Woman & Associates, Inc. (W2WA). The $5,000 grant will be used by W2WA to purchase computers and related equipment which will allow W2WA to continue developing and expanding the curriculum of workshops and training offered to clients, with the immediate focus of training on Financial Education and Management, Career Workforce Development, Homeownership and College Preparedness.
The Heritage Community Foundation recently presented a grant to April LaLand-Sentmanat, Chief Executive Officer of Woman-2-Woman & Associates, Inc. (W2WA). The $5,000 grant will be used by W2WA to purchase computers and related equipment which will allow W2WA to continue developing and expanding the curriculum of workshops and training offered to clients, with the immediate focus of training on Financial Education and Management, Career Workforce Development, Homeownership and College Preparedness.
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CenterState Bank – Macon Mark Stevens has been named community president and will head the Loan Production Office. |
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CenterState Bank – Macon
Neil Stevens has been named President of CenterState Bank’s Georgia region. |
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CenterState Bank – Macon Polly Smith has been named Executive Assistant of the Loan Production Office. |
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CenterState Bank- Macon Robby Redmond has joined as a commercial banker in the Loan Production Office. |
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First Port City Bank- Bainbridge Marvalynn Carroll has been named Senior Vice President/Chief Financial Officer. |
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First Port City Bank- Bainbridge Kristy Harrell has been named Senior Vice President/Chief Operating Officer. |
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First Port City Bank- Bainbridge Brian Smith has been named Vice President/Technology Director. |
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BankSouth Mortgage- Atlanta Kim Nelson has been named Atlanta Market President. |
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Planters First Bank (PFB)- Fitzgerald Jake Walters has been named Market President for the Fitzgerald and Ocilla markets. |
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Planters First Bank (PFB)- Fitzgerald Debra Weil has been named the Regional Mortgage Originator for South Central Georgia. |
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PrimeSouth Bank- Waycross Quincy Burgess has been named Marketing Director. |
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First Southern Bank- Patterson Kimberly Crawford has been named Loan Administrator. |
The CBA has been recognized on a national level for its invaluable educational programs and corporate events. The CBA has a variety of options for all positions in a community bank…from the teller line to the board room. We invite you to join us for one of the upcoming programs. For more options, Click here for the CBA Calendar. For assistance with Education Programs, contact Jodi Swilley. For assistance with Corporate Events, contact Peake Wilson.
August-September 2016
Consumer & Commercial Loan Documentation
Wednesday-Thursday, August 17-18 - Atlanta
7th Annual Georgia Bank Directors’ College
Monday, August 22 - Greensboro
Cyber Risk Summit
Thursday-Friday, August 25-26
Compliance Program – Quarter III – Deposit Regulations
Tuesday, September 13 - Tifton
Wednesday, September 14 – Macon
Thursday, September 15 – Savannah
Credit Administration Workshop
Wednesday-Thursday, September 14-15 - Atlanta
Commercial Real Estate Lending – Cash Flow & Appraisal Bootcamp
Wednesday-Thursday, September 21-22 - Atlanta
2016 Webinars
Click here to view webinar listing and to register.
2016 On-Line Training
Click here for on-line training with Bankers Edge
(Bankers Edge is a CBA Endorsed Member Company)
Consumer & Commercial Loan Documentation
Wednesday-Thursday, August 17-18 - Atlanta
7th Annual Georgia Bank Directors’ College
Monday, August 22 - Greensboro
Cyber Risk Summit
Thursday-Friday, August 25-26
Compliance Program – Quarter III – Deposit Regulations
Tuesday, September 13 - Tifton
Wednesday, September 14 – Macon
Thursday, September 15 – Savannah
Credit Administration Workshop
Wednesday-Thursday, September 14-15 - Atlanta
Commercial Real Estate Lending – Cash Flow & Appraisal Bootcamp
Wednesday-Thursday, September 21-22 - Atlanta
2016 Webinars
Click here to view webinar listing and to register.
2016 On-Line Training
Click here for on-line training with Bankers Edge
(Bankers Edge is a CBA Endorsed Member Company)
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Summer/Fall 2016
Fall PAC/PR Clay Shoot Tuesday, October 4 – Burge Plantation, Mansfield 4th Quarter Community Bank Leadership Academy Wednesday, October 19 - Macon 4th Quarter Banker Regulatory Forum with a Focus on Compliance Issues Thursday, November 3 - Macon |
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We are community banking.
1900 The Exchange, Suite 600, Atlanta, GA 30339
Phone: (770) 541-4490 / (800) 648-8215 | Fax: (770) 541- 4496 • www.cbaofga.com
1900 The Exchange, Suite 600, Atlanta, GA 30339
Phone: (770) 541-4490 / (800) 648-8215 | Fax: (770) 541- 4496 • www.cbaofga.com
Upcoming Events
7th Annual Georgia Bank Directors’ College
Monday, August 22 - Greensboro
Cyber Risk Summit
Thursday-Friday, August 25-26
Compliance Program – Quarter III – Deposit Regulations
Tuesday, September 13 - Tifton
Wednesday, September 14 – Macon
Thursday, September 15 – Savannah
7th Annual Georgia Bank Directors’ College
Monday, August 22 - Greensboro
Cyber Risk Summit
Thursday-Friday, August 25-26
Compliance Program – Quarter III – Deposit Regulations
Tuesday, September 13 - Tifton
Wednesday, September 14 – Macon
Thursday, September 15 – Savannah
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