January 11, 2017
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
Insurance/D & O/ Bond Program
The 2017 legislative session kicked off Monday for what promises to be another interesting session. On Tuesday, Day 2 consisted of more customary organizational activities including the formal assignment of committees. There has been a change in leadership of the Senate Banking & Financial Institutions Committee. Senator William Ligon, Jr. (R) Brunswick, has been named Chairman; and Senator John F. Kennedy (R) Macon, has been named Vice Chairman. Governor Deal will present his State of the State Address this morning, outlining his administration’s goals and funding priorities for this year. For a recap of key legislative issues throughout the session, please follow CBA’s weekly Legislative Updates sponsored by James-Bates-Brannan-Groover-LLP, CBA’s General Counsel, and provide us with any feedback or questions you have. In addition, please plan to attend the CBA’s Day at the Capitol Reception scheduled for 3:30 p.m. on Wednesday, February 15, 2017, at the Sloppy Floyd Building across from the Capitol. It is extremely important that you attend this reception and meet with your local legislators, strengthen your relationships with them, express your views on issues and let them know you are available for discussions anytime they have a question regarding an issue or pending legislation impacting our industry. If you have any questions before or during the session, please contact Rob Braswell or Lori Godfrey.
New Consolidated Reports of Condition and Income
The Federal Financial Institutions Examination Council (FFIEC) has approved a new streamlined FFIEC 051 Call Report for eligible small institutions, which generally are institutions with domestic offices only and total assets of less than $1 billion. The implementation of this new report is part of the FFIEC's community bank Call Report burden-reduction initiative. The FFIEC also approved certain burden-reducing revisions to the existing FFIEC 031 and FFIEC 041 Call Reports. These revised Call Report requirements will take effect March 31, 2017, subject to approval by the U.S. Office of Management and Budget. Read the FIL here.
The Federal Financial Institutions Examination Council (FFIEC) has approved a new streamlined FFIEC 051 Call Report for eligible small institutions, which generally are institutions with domestic offices only and total assets of less than $1 billion. The implementation of this new report is part of the FFIEC's community bank Call Report burden-reduction initiative. The FFIEC also approved certain burden-reducing revisions to the existing FFIEC 031 and FFIEC 041 Call Reports. These revised Call Report requirements will take effect March 31, 2017, subject to approval by the U.S. Office of Management and Budget. Read the FIL here.
What You Need to Know About Cybersecurity – Part Five
Cybersecurity and Vendor Management
Financial institution regulators have emphasized the importance of “Managing Third Party Risk” since at least 2008, when the FDIC published its Financial Institutions Letter, “Guidance on Managing Third Party Risk,” FDIC: FIL-44-2008. The Federal Reserve, the OCC and the FFIEC have since published similar guidance, each with an emphasis on a financial institution’s selection of third party vendors, contractual relationships with third party vendors, and risk-assessment of third party vendors. In each publication, the regulators make clear that a financial institution can outsource services, but cannot outsource responsibility. Even though a service may be offered by or through a third party vendor, the financial institution, its officers and board of directors should oversee the service as if it were performed in house through a robust vendor management program. While this vendor management program should mitigate a wide array of risks posed by third party vendors, in this fifth article of our series on cybersecurity, we focus on the ways your vendor management program can directly impact your bank’s information security program. To read this week’s article, click here. Guest article from CBA General Counsel and Associate Member James-Bates-Brannan-Groover-LLP.
Cybersecurity and Vendor Management
Financial institution regulators have emphasized the importance of “Managing Third Party Risk” since at least 2008, when the FDIC published its Financial Institutions Letter, “Guidance on Managing Third Party Risk,” FDIC: FIL-44-2008. The Federal Reserve, the OCC and the FFIEC have since published similar guidance, each with an emphasis on a financial institution’s selection of third party vendors, contractual relationships with third party vendors, and risk-assessment of third party vendors. In each publication, the regulators make clear that a financial institution can outsource services, but cannot outsource responsibility. Even though a service may be offered by or through a third party vendor, the financial institution, its officers and board of directors should oversee the service as if it were performed in house through a robust vendor management program. While this vendor management program should mitigate a wide array of risks posed by third party vendors, in this fifth article of our series on cybersecurity, we focus on the ways your vendor management program can directly impact your bank’s information security program. To read this week’s article, click here. Guest article from CBA General Counsel and Associate Member James-Bates-Brannan-Groover-LLP.
OCC Outlines Top Risks Facing Industry
The Office of the Comptroller of the Currency said strategic, credit, operational and compliance risks remain top risk concerns for national banks and federal savings associations. In its Semiannual Risk Perspective, the OCC said strategic risk remains high as banks consider business model changes and face revenue challenges. Meanwhile, banks continue to ease underwriting practices, face cybersecurity threats, and work to comply with mortgage disclosure and Military Lending Act requirements. Click here to read more.
The Office of the Comptroller of the Currency said strategic, credit, operational and compliance risks remain top risk concerns for national banks and federal savings associations. In its Semiannual Risk Perspective, the OCC said strategic risk remains high as banks consider business model changes and face revenue challenges. Meanwhile, banks continue to ease underwriting practices, face cybersecurity threats, and work to comply with mortgage disclosure and Military Lending Act requirements. Click here to read more.
FDIC Spotlights Long-Term Community Bank Strategies
The FDIC released highlights of its April 2016 Community Banking Conference, which focused on strategies for long-term success. Transcripts from four conference panels discuss the community banking model, regulatory developments, managing technology challenges, and ownership structure and succession planning. The agency also discussed its responses to issues raised at the conference, including outreach meetings and a handbook on de novo institutions. Read more from the FDIC.
The FDIC released highlights of its April 2016 Community Banking Conference, which focused on strategies for long-term success. Transcripts from four conference panels discuss the community banking model, regulatory developments, managing technology challenges, and ownership structure and succession planning. The agency also discussed its responses to issues raised at the conference, including outreach meetings and a handbook on de novo institutions. Read more from the FDIC.
OCC Fintech Charter Sparks Opposition from Senate Dems
In a letter Monday to Comptroller Thomas Curry, Sens. Sherrod Brown, D-Ohio, and Jeff Merkley, D-Ore., registered their strong opposition to the concept of the charter, which would allow certain types of fintech companies to avoid state licensing requirements by obtaining a limited-purpose national bank charter. Read more in American Banker.
In a letter Monday to Comptroller Thomas Curry, Sens. Sherrod Brown, D-Ohio, and Jeff Merkley, D-Ore., registered their strong opposition to the concept of the charter, which would allow certain types of fintech companies to avoid state licensing requirements by obtaining a limited-purpose national bank charter. Read more in American Banker.
CFPB Updates Resources for HMDA Filers
The CFPB updated its online resources to include an LAR formatting tool for HMDA filers. The online resources also include a technology preview of the new HMDA data-submission platform, data-submission requirements, and frequently asked questions. ICBA also offers a summary of the new HMDA requirements. Access CFPB Resources. View ICBA Summary.
The CFPB updated its online resources to include an LAR formatting tool for HMDA filers. The online resources also include a technology preview of the new HMDA data-submission platform, data-submission requirements, and frequently asked questions. ICBA also offers a summary of the new HMDA requirements. Access CFPB Resources. View ICBA Summary.
Hensarling Welcomes New Committee Members
House Financial Services Committee Chairman Jeb Hensarling today welcomed 10 new Republican members who will serve on the committee for the 115th Congress, pending ratification by the House Republican Conference on Friday. One of these new members is Rep. Barry Loudermilk (R), from Georgia's 11th Congressional District.
“I look forward to working alongside my colleagues to pass laws that promote a dynamic economy with more jobs, higher wages and greater economic freedom for all Americans,” said Chairman Hensarling. “Our committee will continue to develop bold, forward-looking plans that hold Washington and Wall Street accountable, end taxpayer-funded bailouts and protect consumer choice.” See the new committee members here.
House Financial Services Committee Chairman Jeb Hensarling today welcomed 10 new Republican members who will serve on the committee for the 115th Congress, pending ratification by the House Republican Conference on Friday. One of these new members is Rep. Barry Loudermilk (R), from Georgia's 11th Congressional District.
“I look forward to working alongside my colleagues to pass laws that promote a dynamic economy with more jobs, higher wages and greater economic freedom for all Americans,” said Chairman Hensarling. “Our committee will continue to develop bold, forward-looking plans that hold Washington and Wall Street accountable, end taxpayer-funded bailouts and protect consumer choice.” See the new committee members here.
4 Reasons Print Is Still Valuable to Small Businesses
As a 40-year veteran of the commercial printing industry, I’m more excited about and committed to this evolving craft than I have ever been. So are my clients. Why? Because print delivers marketing and sales results for small and mid-sized businesses that digital communications cannot achieve alone. Click here to read about the important reasons to use print. Guest article from CBA Associate Member Perfect Image.
As a 40-year veteran of the commercial printing industry, I’m more excited about and committed to this evolving craft than I have ever been. So are my clients. Why? Because print delivers marketing and sales results for small and mid-sized businesses that digital communications cannot achieve alone. Click here to read about the important reasons to use print. Guest article from CBA Associate Member Perfect Image.
FREE WEBINAR: Investment Strategies for 1st Quarter 2017
Thursday, January 12, 2017 | 10:30 a.m. CST
Thursday, January 12, 2017 | 10:30 a.m. CST
Topics
Please list Paul Clanton as your Baker Representative to complete the registration. The Baker Group is a CBA Endorsed Member Company.
- Economic Overview by Dr. Lacy Hunt
A New Administration Faces a Global Economy with Record Leverage, and One that Needs to Deleverage for Prosperity to Return - Market Conditions and Thoughts on Strategy by Jeff Caughron, President/CEO and Drew Simmons, Sr. Vice President
- Post-Election Market Behavior: Sectors, Spreads, and Strategy for 2017
- Municipal Market Update: Impact from Potential Tax Changes
- Notes on A/L Management in a Year of Transition
Please list Paul Clanton as your Baker Representative to complete the registration. The Baker Group is a CBA Endorsed Member Company.
Check Out CBA Members Serving Their Communities!
Gerrish Smith Tuck, PC Makes Changes in 2017
Long-time Partner, Frank McCreary, has announced his retirement. Frank worked tirelessly in providing service to the firm's clients and industry as a whole. We wish Frank all the best in his retirement!
In addition to Frank's retirement, beginning January 1, 2017, Gerrish Smith Tuck, PC legal and consulting firms will continue operations as Gerrish Smith Tuck.
Long-time Partner, Frank McCreary, has announced his retirement. Frank worked tirelessly in providing service to the firm's clients and industry as a whole. We wish Frank all the best in his retirement!
In addition to Frank's retirement, beginning January 1, 2017, Gerrish Smith Tuck, PC legal and consulting firms will continue operations as Gerrish Smith Tuck.
Retirement Announcements
Congratulations to Patsy Rogers, Vice President and BSA Officer, who retired at the end of 2016 after 42 years of service to The Claxton Bank, Claxton.
Congratulations to Don and Louise Kelly, Bank of Monticello, Monticello, for their joint retirement at the end of 2016. Don joined the bank full-time in 1972, and Louise joined in 1985. Together, they share more than 75 combined years of service.
Congratulations to Nita Fulghum, Assistant Vice President and Auditor, who retired from First State Bank of Randolph County, Cuthbert, December 31, 2016.
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Southern Bank & Trust - Blairsville William Stone has been named Senior Vice President. |
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Peach State Bank & Trust- Gainseville Carl Blackburn has bee named Vice President and Mortgage Lending Manager. |
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Peach State Bank & Trust- Gainesville Ricky Pugh has joined the leadership team. |
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Peach State Bank & Trust- Gainesville Steve Sorrells has joined the leadership team. |
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Peach State Bank & Trust- Gainesville Wendy Smith has joined the leadership team. |
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Peach State Bank & Trust- Gainesville
Jana Lovell has joined the leadership team. |
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Planters First Bank- Macon David Wilson has been named Regional President. |
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Planters First Bank- Macon Rene Connor has been named Administrative Assistant. |
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First Landmark Bank- Marietta Michelle Leak as Vice President/Commercial Lender. |
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First Landmark Bank- Marietta Greg Allen has been named Commercial Lender. |
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.
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January & February 2017
Train The Trainer Wednesday, January 25 – Atlanta North Metro Compliance & BSA Roundtable Thursday, January 26 - Duluth Branch Management Series, Session I Thursday, January 26 - Atlanta Compliance Program I – TRID Tuesday, February 28 – Savannah Wednesday, March 1 – Macon Tuesday, March 14 – Duluth Thursday, March 16 – Rome Tuesday, March 21 - Tifton 2017 Senior Retail Banking Forum – Session I Tuesday, February 28 - Atlanta Webinars Click here to view webinar listing and to register. On-Line Training Click here for on-line training with Bankers Edge. (Bankers Edge is a CBA Endorsed Member Company) |
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First Quarter 2017
1st Quarter Banker Regulatory Forum with a Focus on Compliance Issues Thursday, February 2 – Macon Annual Day at the Capitol Wednesday, February 15 – Atlanta 4th Annual Women In Banking Seminar Thursday, March 9 – Macon Spring PAC/PR Fundraising Clay Shoot Thursday, March 23 - Albany |
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
Train The Trainer
Wednesday, January 25 – Atlanta
North Metro Compliance & BSA Roundtable
Thursday, January 26 - Duluth
Branch Management Series, Session I
Thursday, January 26 - Atlanta
Train The Trainer
Wednesday, January 25 – Atlanta
North Metro Compliance & BSA Roundtable
Thursday, January 26 - Duluth
Branch Management Series, Session I
Thursday, January 26 - Atlanta
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