August 24, 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
Peer Analysis
Financial institutions across the country are in the final stages of readying for the same-day processing of electronic payments, which are scheduled to begin on Sept. 23. Next month's milestone marks the first phase in a three-part timetable for modernizing the automated clearing house network, which dates back to the 1970s. All banks and credit unions in the United States — more than 12,000 in all — will be affected. Read here what you need to know about the impending switch.
CFPB Outlines Community Bank Exemptions in Senate Response
CFPB Director Richard Cordray responded to a bipartisan group of 70 U.S. senators by outlining accommodations in its rules for community banks and other small creditors. Replying to a recent letter led by Sens. Joe Donnelly (D-Ind.) and Ben Sasse (R-Neb.) calling for more tailored regulations, Cordray nevertheless said the CFPB is obligated to enforce federal regulations consistently and did not address the cumulative impact of its rules on community banks.
Following last month’s Senate letter, ICBA commended the 70 bipartisan signers and spotlighted the provisions of its Plan for Prosperity legislative platform that would moderate the burden of CFPB regulations on community banks. ICBA is preparing a response to the CFPB's letter.
CFPB Director Richard Cordray responded to a bipartisan group of 70 U.S. senators by outlining accommodations in its rules for community banks and other small creditors. Replying to a recent letter led by Sens. Joe Donnelly (D-Ind.) and Ben Sasse (R-Neb.) calling for more tailored regulations, Cordray nevertheless said the CFPB is obligated to enforce federal regulations consistently and did not address the cumulative impact of its rules on community banks.
Following last month’s Senate letter, ICBA commended the 70 bipartisan signers and spotlighted the provisions of its Plan for Prosperity legislative platform that would moderate the burden of CFPB regulations on community banks. ICBA is preparing a response to the CFPB's letter.
Federal Financial Institutions Regulatory Agencies Announce Availability of 2015 Small Business, Small Farm, and Community Development Lending Data
The three federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) with Community Reinvestment Act (CRA) responsibilities — the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency — announced earlier this week the availability of data on small business, small farm, and community development lending reported by certain commercial banks and savings associations, pursuant to the CRA. An FFIEC disclosure statement on the reported 2015 CRA data, in electronic form, is available for each reporting commercial bank and savings association. The FFIEC also has prepared aggregate disclosure statements of small business and small farm lending for all of the metropolitan statistical areas and non-metropolitan counties in the United States and its territories. These statements are available for public inspection on the FFIEC web site (www.ffiec.gov/cra). Learn more here.
The three federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) with Community Reinvestment Act (CRA) responsibilities — the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency — announced earlier this week the availability of data on small business, small farm, and community development lending reported by certain commercial banks and savings associations, pursuant to the CRA. An FFIEC disclosure statement on the reported 2015 CRA data, in electronic form, is available for each reporting commercial bank and savings association. The FFIEC also has prepared aggregate disclosure statements of small business and small farm lending for all of the metropolitan statistical areas and non-metropolitan counties in the United States and its territories. These statements are available for public inspection on the FFIEC web site (www.ffiec.gov/cra). Learn more here.
FDIC: Signs of Rising Interest in De Novo Formation
Even with the recovery in community bank earnings following the recent financial crisis, low interest rates and narrow net interest margins have inhibited de novo bank formation, the FDIC said in its latest issue of Supervisory Insights. The agency wrote that there are tentative signs of rising interest in forming de novos as it works to support the formation of new institutions.
In its article, the FDIC also repeated a recent agency pledge to release a practical guide for groups organizing de novo banks on how to apply for charters and deposit insurance. Testifying recently before Congress, FDIC Chairman Martin Gruenberg mentioned the guide as well as a series of upcoming outreach meetings for organizing groups.
The latest Supervisory Insights also features an article on the types of issues most frequently observed by FDIC risk management examiners as requiring board attention.
Even with the recovery in community bank earnings following the recent financial crisis, low interest rates and narrow net interest margins have inhibited de novo bank formation, the FDIC said in its latest issue of Supervisory Insights. The agency wrote that there are tentative signs of rising interest in forming de novos as it works to support the formation of new institutions.
In its article, the FDIC also repeated a recent agency pledge to release a practical guide for groups organizing de novo banks on how to apply for charters and deposit insurance. Testifying recently before Congress, FDIC Chairman Martin Gruenberg mentioned the guide as well as a series of upcoming outreach meetings for organizing groups.
The latest Supervisory Insights also features an article on the types of issues most frequently observed by FDIC risk management examiners as requiring board attention.
CFPB Outline of Proposals under Consideration and Alternatives Considered
In a self-proclaimed “overhaul” of debt collection practices, the CFPB’s Outline of Proposals Under Consideration and Alternatives Considered proposes additional obligations for third-party debt collectors, including (i) requirements that a collector confirm a debt prior to attempting to collect it, (ii) limitation on the amount of calls (6 per week), (iii) streamlining the dispute process, (iv) and limitations on transferring a debt subject to an unresolved dispute. Not contained in this proposal, but perhaps more important than the proposal itself, is the CFPB’s insistence that it plans to expand Fair Debt Collection Practices Act-like protections to first-party debt collectors. To learn more, click here. Guest article from CBA General Counsel and Associate Member James-Bates-Brannan-Groover-LLP.
In a self-proclaimed “overhaul” of debt collection practices, the CFPB’s Outline of Proposals Under Consideration and Alternatives Considered proposes additional obligations for third-party debt collectors, including (i) requirements that a collector confirm a debt prior to attempting to collect it, (ii) limitation on the amount of calls (6 per week), (iii) streamlining the dispute process, (iv) and limitations on transferring a debt subject to an unresolved dispute. Not contained in this proposal, but perhaps more important than the proposal itself, is the CFPB’s insistence that it plans to expand Fair Debt Collection Practices Act-like protections to first-party debt collectors. To learn more, click here. Guest article from CBA General Counsel and Associate Member James-Bates-Brannan-Groover-LLP.
FDIC Compliance Videos Spotlight Expanded QM Exemptions
The FDIC released updated technical assistance videos on the Ability-to-Repay and Qualified Mortgages Rule. Issued as part of the agency’s Community Banking Initiative, the videos are designed to clarify the rule’s requirements for bank managers, compliance officers and staff.
The updates reflect changes for small creditors and rural areas issued in a March 2016 interim final rule from the Consumer Financial Protection Bureau. The ICBA Plan for Prosperity provision, which passed among the regulatory relief provisions in last December’s FAST Act highway law, significantly expands the number of community banks eligible for escrow and balloon-loan exemptions under the CFPB’s Regulation Z mortgage rules. View ICBA's summary of the CFPB’s interim final rule, and the bureau's additional resources on its Title XIV regulatory implementation page. View FDIC Videos.
The FDIC released updated technical assistance videos on the Ability-to-Repay and Qualified Mortgages Rule. Issued as part of the agency’s Community Banking Initiative, the videos are designed to clarify the rule’s requirements for bank managers, compliance officers and staff.
The updates reflect changes for small creditors and rural areas issued in a March 2016 interim final rule from the Consumer Financial Protection Bureau. The ICBA Plan for Prosperity provision, which passed among the regulatory relief provisions in last December’s FAST Act highway law, significantly expands the number of community banks eligible for escrow and balloon-loan exemptions under the CFPB’s Regulation Z mortgage rules. View ICBA's summary of the CFPB’s interim final rule, and the bureau's additional resources on its Title XIV regulatory implementation page. View FDIC Videos.
ICBA, Coalition Urge CFPB to Withdraw Arbitration Proposal
ICBA and nearly 30 other industry groups called on the Consumer Financial Protection Bureau to withdraw its proposed rule limiting the use of consumer arbitration agreements. The joint letter echoes the concerns ICBA expressed Friday in its own comment letter, noting that arbitration is a consumer-friendly dispute-resolution system that costs less and is more efficient than class-action litigation.
The letter also notes that the CFPB’s proposal would practically ban arbitration because companies would no longer subsidize it for their customers if they are forced to bear the expenses associated with class-action lawsuits.
ICBA and nearly 30 other industry groups called on the Consumer Financial Protection Bureau to withdraw its proposed rule limiting the use of consumer arbitration agreements. The joint letter echoes the concerns ICBA expressed Friday in its own comment letter, noting that arbitration is a consumer-friendly dispute-resolution system that costs less and is more efficient than class-action litigation.
The letter also notes that the CFPB’s proposal would practically ban arbitration because companies would no longer subsidize it for their customers if they are forced to bear the expenses associated with class-action lawsuits.
FDIC Offers Tips on Choosing an Account, Preparing for Disaster
The latest FDIC Consumer News features simple tips on how to choose and manage a checking or savings account wisely. The summer 2016 edition of the publication also has articles on depositing a check using a smartphone or tablet, avoiding payment card fraud, and preparing financially for a natural disaster. The FDIC encourages financial institutions and other organizations to widely distribute information in the publication, which may be reprinted in whole or in part without permission.
The latest FDIC Consumer News features simple tips on how to choose and manage a checking or savings account wisely. The summer 2016 edition of the publication also has articles on depositing a check using a smartphone or tablet, avoiding payment card fraud, and preparing financially for a natural disaster. The FDIC encourages financial institutions and other organizations to widely distribute information in the publication, which may be reprinted in whole or in part without permission.
SecureWorks Threat Intelligence Monthly Report
CBA Endorsed Member Company SecureWorks has released the events and trends that shaped cybersecurity with their SecureWorks Counter Threat Intelligence Executive Summary.
The Executive Monthly report covers trends as they relate to vulnerabilities, malware, threat actors and methodologies, and law enforcement and government. The summary discusses the following events and trends that were significant in June 2016:
CBA Endorsed Member Company SecureWorks has released the events and trends that shaped cybersecurity with their SecureWorks Counter Threat Intelligence Executive Summary.
The Executive Monthly report covers trends as they relate to vulnerabilities, malware, threat actors and methodologies, and law enforcement and government. The summary discusses the following events and trends that were significant in June 2016:
- Lax Security Caused Leaks
- Serious Vulnerabilities Surfaced
- Malware Activity Fluctuated
- U.S. Campaign Targeted
- Cybersecurity Principles Reaffirmed
Community Bank Directors Hear the Latest at Directors' College!
Community bank directors from across the state came together Monday to discuss some of the top challenges facing community banks today. Topics included strategic planning, regulatory hot topics, cyber security, Federal Home Loan Bank member benefits, developing your staff and succession planning, solutions for loan growth, bank performance and the five qualities of a winning bank. Participants also had opportunities to network with one another during the FISERV, a CBA endorsed member company, hosted reception and dinner.
The CBA sends a special “thank you” to the bank directors who took time out of their valuable week to attend. Bank Director training continues to be critically important for community banks. Our industry, while quite strong, continues to face challenges and opportunities. One of the keys to successfully meeting these challenges and opportunities is to have bank management and the directors fully informed of the issues, responsibilities, rules, and regulations. Planning is already underway for the 2017 Bank Directors’ College. Watch for details to arrive at your office soon.
TESTIMONIALS
“David Kemp was a great speaker! Not just for banking; for all businesses.”
Jim Hobby, Bank Director, Bank of Wrightsville
“Cyber Security – Thoughtful topic - Forward Thinking. Good focus on expectations and future planning.”
Joel Arogeti, Bank Director, Private Bank of Buckhead
“Good meeting! Timing was great! Good information made us think!”
Dubose Porter, Bank Director, Bank of Dudley
“Informative & educational, especially for new directors.”
Henry Pope, President, Exhange Bank, Milledgeville
Enjoy these scenes from the August 2016 Bank Directors’ College!
Community bank directors from across the state came together Monday to discuss some of the top challenges facing community banks today. Topics included strategic planning, regulatory hot topics, cyber security, Federal Home Loan Bank member benefits, developing your staff and succession planning, solutions for loan growth, bank performance and the five qualities of a winning bank. Participants also had opportunities to network with one another during the FISERV, a CBA endorsed member company, hosted reception and dinner.
The CBA sends a special “thank you” to the bank directors who took time out of their valuable week to attend. Bank Director training continues to be critically important for community banks. Our industry, while quite strong, continues to face challenges and opportunities. One of the keys to successfully meeting these challenges and opportunities is to have bank management and the directors fully informed of the issues, responsibilities, rules, and regulations. Planning is already underway for the 2017 Bank Directors’ College. Watch for details to arrive at your office soon.
TESTIMONIALS
“David Kemp was a great speaker! Not just for banking; for all businesses.”
Jim Hobby, Bank Director, Bank of Wrightsville
“Cyber Security – Thoughtful topic - Forward Thinking. Good focus on expectations and future planning.”
Joel Arogeti, Bank Director, Private Bank of Buckhead
“Good meeting! Timing was great! Good information made us think!”
Dubose Porter, Bank Director, Bank of Dudley
“Informative & educational, especially for new directors.”
Henry Pope, President, Exhange Bank, Milledgeville
Enjoy these scenes from the August 2016 Bank Directors’ College!
Thank you to our speakers and sponsors!
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SPEAKERS
Mark Kanaly, Partner and Chair of Banking Practice, Alston & Bird LLP, Atlanta Tim Hubby, Assistant Regional Director, FDIC, Atlanta Kevin Hagler, Commissioner, GA Department of Banking & Finance, Atlanta Wes McMullan, President & CEO, Federal Home Loan Bank of Atlanta Lynda Riesgo Jensen, Senior Claim Counsel for Bond & Specialty Insurance, Travelers, Braintree, MA Michael A. Stinson, CEO, Bank Trends, San Francisco, CA David Kemp, Founder & President, Bankers Management, Inc., College Park |
SPONSORS
Breakfast Sponsored by: Federal Home Loan Bank of Atlanta Name Badges Sponsored by: ServisFirst, Birmingham, AL WIFI Sponsored by: Warren Averett, LLC, Birmingham, AL Portfolios Sponsored by: Alston & Bird LLP, Atlanta Director Books: Travelers, Atlanta Lunch Sponsored by: Investment Professionals Inc., San Antonio, TX Afternoon Break Sponsored by: Stokes Carmichael & Ernst LLP, Atlanta |
Community Bankers Attend a Variety of August Educational Workshops and Schools!
During August, over 200 community bank lenders, business development officers, loan processors, information technology professionals, compliance officers, auditors, risk managers and bank directors attended CBA educational programs and learned skills necessary to be a successful banker in their areas of responsibilities. Below is a recap of our August programs.
During August, over 200 community bank lenders, business development officers, loan processors, information technology professionals, compliance officers, auditors, risk managers and bank directors attended CBA educational programs and learned skills necessary to be a successful banker in their areas of responsibilities. Below is a recap of our August programs.
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Check out these scenes from our August programs! |
Looking for an easy way to reach Georgia community bankers?
Watch how CBA can help you Target Your Audience with our convenient advertising opportunities!
Watch how CBA can help you Target Your Audience with our convenient advertising opportunities!
Free Travelers Webinar: Mitigating Electronic Transfer Risk with Security Procedures and Customer Agreements
You're invited to join Travelers for a free webinar today from 2:00 – 3:00 p.m. The webinar is for operations personnel, wire desk operators, legal staff and risk managers. Included in this presentation will be model contract terms and real-world case examples so that each institution can create an environment where it minimizes its exposure to risk of fraud. Click here to learn more.
You're invited to join Travelers for a free webinar today from 2:00 – 3:00 p.m. The webinar is for operations personnel, wire desk operators, legal staff and risk managers. Included in this presentation will be model contract terms and real-world case examples so that each institution can create an environment where it minimizes its exposure to risk of fraud. Click here to learn more.
Private Bank of Buckhead included in Inc. 5000
Inc. magazine includes Private Bank of Buckhead (and its Private Bank of Decatur and PrivatePlus Mortgage divisions) on its 35th annual Inc. 5000, which recognizes the nation's fastest-growing private companies. The bank had a three-year growth of 62 percent. “Our team members, business partners and clients are the reason for our success,” says Private Bank of Buckhead’s President, CEO & Chairman Charlie Crawford. “And, as excited as I am for the recognition of our growth, I’m most pleased that we were able to accomplish this milestone while remaining true to the high-touch service that has been our customer proposition from the beginning. ” View the Private Bank of Buckhead profile here.
Inc. magazine includes Private Bank of Buckhead (and its Private Bank of Decatur and PrivatePlus Mortgage divisions) on its 35th annual Inc. 5000, which recognizes the nation's fastest-growing private companies. The bank had a three-year growth of 62 percent. “Our team members, business partners and clients are the reason for our success,” says Private Bank of Buckhead’s President, CEO & Chairman Charlie Crawford. “And, as excited as I am for the recognition of our growth, I’m most pleased that we were able to accomplish this milestone while remaining true to the high-touch service that has been our customer proposition from the beginning. ” View the Private Bank of Buckhead profile here.
Heritage Community Foundation Gives to Life & Money Matters
The Heritage Community Foundation presented a grant to Michael Burt, Executive Director and Founder of Life and Money Matters, on August 8, 2016. The $2,500 grant will be used to purchase the supplies needed by Life and Money Matters to promote financial wellness and literacy. Mr. Burt is certified as a Dave Ramsey Personal Financial Coach and is also an Estate Design Strategist through Lifestyles Giving.
The Heritage Community Foundation presented a grant to Michael Burt, Executive Director and Founder of Life and Money Matters, on August 8, 2016. The $2,500 grant will be used to purchase the supplies needed by Life and Money Matters to promote financial wellness and literacy. Mr. Burt is certified as a Dave Ramsey Personal Financial Coach and is also an Estate Design Strategist through Lifestyles Giving.
Vinings Bank throws 100-year birthday party for GDOT
History was celebrated – and made – Thursday in the ground floor gathering space of Vinings Bank. The lunch gathering included a myriad of important leaders – both from the past and the present – who all had been invited to celebrate the 100th anniversary of the Georgia Department of Transportation. Laughter filled the room, which included road builders, developers as well as past and present transportation leaders .
Perhaps Atlanta Mayor Kasim Reed expressed it best. “How good it feels in this room,” Reed said. “We took a sleepy town in the South in a sleepy region and a sleepy state…and turned it into the 8th biggest city in the union.” Read the full story here.
History was celebrated – and made – Thursday in the ground floor gathering space of Vinings Bank. The lunch gathering included a myriad of important leaders – both from the past and the present – who all had been invited to celebrate the 100th anniversary of the Georgia Department of Transportation. Laughter filled the room, which included road builders, developers as well as past and present transportation leaders .
Perhaps Atlanta Mayor Kasim Reed expressed it best. “How good it feels in this room,” Reed said. “We took a sleepy town in the South in a sleepy region and a sleepy state…and turned it into the 8th biggest city in the union.” Read the full story here.
Sympathies
CBA expresses our sincere sympathy to family, friends and co-workers of Matthew Mead, Vice President & Senior Lending Officer at Altamaha Bank and Trust in Vidalia, who passed away earlier this week.
CBA expresses our sincere sympathy to family, friends and co-workers of Matthew Mead, Vice President & Senior Lending Officer at Altamaha Bank and Trust in Vidalia, who passed away earlier this week.
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Century Bank of Georgia- Cartersville
Rick Kollhoff has been named Vice President and Commercial Loan Officer. |
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Mountain Valley Community Bank- Cleveland Amy Cagle has been named Vice President of Compliance and Credit Analysis. |
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BrandMortgage- Chattanooga Michael Congdon has been named Mortgage Banker. |
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
Cyber Risk Summit
Thursday-Friday, August 25-26- Savannah
Compliance Program – Quarter III – Deposit Regulations
Tuesday, September 13 - Tifton
Wednesday, September 14 – Macon
Thursday, September 15 – Savannah
Tuesday, September 20 – Rome
Wednesday, September 21 – Duluth
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)
Cyber Risk Summit
Thursday-Friday, August 25-26- Savannah
Compliance Program – Quarter III – Deposit Regulations
Tuesday, September 13 - Tifton
Wednesday, September 14 – Macon
Thursday, September 15 – Savannah
Tuesday, September 20 – Rome
Wednesday, September 21 – Duluth
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
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
Tuesday, September 20, 2016 – Rome
Wednesday, September 21, 2016 – Duluth
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
Tuesday, September 20, 2016 – Rome
Wednesday, September 21, 2016 – Duluth
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