July 25, 2018
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 Review
State banking regulators are pushing Congress to pass legislation to allow state and federal regulators to coordinate on examinations of banks’ third-party technology service providers in certain states.
The Conference of State Bank Supervisors is supporting a bill introduced by Rep. Roger Williams, R-Texas, that would amend the Bank Service Company Act, which authorized federal regulators to examine third-party technology service providers to assess the potential risks they post to individual client banks and the broader system. The bill, which was set to be marked up by the House Financial Services Committee yesterday, would eliminate duplication in exams of third-party technology service providers and reduce regulatory burdens, according to the CSBS. Read more from American Banker.
The Conference of State Bank Supervisors is supporting a bill introduced by Rep. Roger Williams, R-Texas, that would amend the Bank Service Company Act, which authorized federal regulators to examine third-party technology service providers to assess the potential risks they post to individual client banks and the broader system. The bill, which was set to be marked up by the House Financial Services Committee yesterday, would eliminate duplication in exams of third-party technology service providers and reduce regulatory burdens, according to the CSBS. Read more from American Banker.
Banker Regulatory Forum – Just One Week Away!
CBA will host its 3rd quarter Banker Regulatory Forum, focusing on Safety & Soundness, at Idle Hour Country Club in Macon on Thursday, August 2nd. The regulatory agencies will cover their hot topics first, with questions accepted at any time. If time permits prior to lunch, we’ll address any prepared questions previously submitted. For more information and to register, click here.
For more information regarding banking regulations, please contact Lori Godfrey – (770) 541-4490 / (800) 648-8215.
CBA will host its 3rd quarter Banker Regulatory Forum, focusing on Safety & Soundness, at Idle Hour Country Club in Macon on Thursday, August 2nd. The regulatory agencies will cover their hot topics first, with questions accepted at any time. If time permits prior to lunch, we’ll address any prepared questions previously submitted. For more information and to register, click here.
For more information regarding banking regulations, please contact Lori Godfrey – (770) 541-4490 / (800) 648-8215.
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Regional Contacts Cite Difficulty in Finding Skilled Labor
The Federal Reserve has released their latest Beige Book report of regional economic conditions. According to the report, consumer spending is up, and companies continue to have trouble finding qualified workers across the Southeast. Most businesses expect increased activity in the second part of this year despite some uncertainty related to tariffs. Home builders foresee steady sales, and the energy sector continues to gain strength. Read more from the Atlanta Fed. To read the full report, click here.
The Federal Reserve has released their latest Beige Book report of regional economic conditions. According to the report, consumer spending is up, and companies continue to have trouble finding qualified workers across the Southeast. Most businesses expect increased activity in the second part of this year despite some uncertainty related to tariffs. Home builders foresee steady sales, and the energy sector continues to gain strength. Read more from the Atlanta Fed. To read the full report, click here.
Quarles Sworn in for Full Term
Federal Reserve Vice Chairman for Supervision Randal Quarles was sworn in for his second term as a member of the Fed board. Quarles has been serving on the board since last October to fill an unexpired term. He was confirmed by the Senate last week for a full term running through January 2032, with his term as vice chairman ending in October 2021. Read more from the Fed.
Federal Reserve Vice Chairman for Supervision Randal Quarles was sworn in for his second term as a member of the Fed board. Quarles has been serving on the board since last October to fill an unexpired term. He was confirmed by the Senate last week for a full term running through January 2032, with his term as vice chairman ending in October 2021. Read more from the Fed.
Retirement of Education Director Jodi Swilley, Successor Named
Rob Braswell, President & CEO, Community Bankers Association of Georgia has announced the planned retirement of long-time Director of Education & Professional Development Jodi Swilley. A former banker, Ms. Swilley has led CBA’s Education Department for nearly 17 years, training thousands of community bankers through CBA University’s numerous schools, conferences, seminars, roundtables and webinars. Jodi will retire effective December 31, 2018.
“CBA has long been recognized as a preeminent education provider on a national level and Jodi deserves the credit for continuously enhancing and building upon that legacy,” stated Mr. Braswell. “From teller training, to the popular Compliance Program, to the various Roundtables, to Bank Directors’ programs, Jodi has done a tremendous job ensuring our member banks have access to the best programs and instructors to meet their always evolving educational needs.”
Rob Braswell, President & CEO, Community Bankers Association of Georgia has announced the planned retirement of long-time Director of Education & Professional Development Jodi Swilley. A former banker, Ms. Swilley has led CBA’s Education Department for nearly 17 years, training thousands of community bankers through CBA University’s numerous schools, conferences, seminars, roundtables and webinars. Jodi will retire effective December 31, 2018.
“CBA has long been recognized as a preeminent education provider on a national level and Jodi deserves the credit for continuously enhancing and building upon that legacy,” stated Mr. Braswell. “From teller training, to the popular Compliance Program, to the various Roundtables, to Bank Directors’ programs, Jodi has done a tremendous job ensuring our member banks have access to the best programs and instructors to meet their always evolving educational needs.”
Mr. Braswell announced that effective August 1, 2018, Kristi Greer has been named the incoming Director of Professional Development upon Jodi’s retirement December 31, 2018. Ms. Greer, Vice President of Education & Engagement at Oconee State Bank in Watkinsville, has been with the bank for 20 years. She holds both a B.S. in Family & Consumer Sciences and a Master’s Degree in Adult Education from The University of Georgia.
At Oconee State Bank, Ms. Greer managed bank-wide employee education, working with senior management and supervisors to determine educational needs while supporting the bank’s strategic plan. She developed and maintained training curriculum, resources and records as well as supervised and empowered bank team members.
“Kristi has spent the vast majority of her career as a bank educator and instructor. She has been extremely active with the Leadership Division Board of Directors for many years and is one of the most energetic, enthusiastic and motivated individuals I have ever met,” said Mr. Braswell. “She has always been one of the first to volunteer for a leadership role and always does a great job in ensuring her committee exceeds its goals. We are delighted to have Kristi join CBA and her experience in bank training and professional development will be a true asset to our member banks.” Read the full press release.
In June, Kristi was elected as Chairman of the CBA Leadership Division Board of Directors at CBA's 50th Anniversary Convention. As a result of Kristi's joining the CBA team, CBA is pleased to announce its new 2018-2019 Leadership Division Board of Directors, chaired by Debra Weil, Executive Vice President, Community Banking Co. of Fitzgerald. See the updated LD Board of Directors.
At Oconee State Bank, Ms. Greer managed bank-wide employee education, working with senior management and supervisors to determine educational needs while supporting the bank’s strategic plan. She developed and maintained training curriculum, resources and records as well as supervised and empowered bank team members.
“Kristi has spent the vast majority of her career as a bank educator and instructor. She has been extremely active with the Leadership Division Board of Directors for many years and is one of the most energetic, enthusiastic and motivated individuals I have ever met,” said Mr. Braswell. “She has always been one of the first to volunteer for a leadership role and always does a great job in ensuring her committee exceeds its goals. We are delighted to have Kristi join CBA and her experience in bank training and professional development will be a true asset to our member banks.” Read the full press release.
In June, Kristi was elected as Chairman of the CBA Leadership Division Board of Directors at CBA's 50th Anniversary Convention. As a result of Kristi's joining the CBA team, CBA is pleased to announce its new 2018-2019 Leadership Division Board of Directors, chaired by Debra Weil, Executive Vice President, Community Banking Co. of Fitzgerald. See the updated LD Board of Directors.
The Hard Part of Reg Relief is Just Getting Started
President Trump's signing of the regulatory relief law in May was a culmination of multiple efforts to enact changes to ease banks' burden. But it also signaled the start of a new chapter: regulatory implementation.
The federal bank regulators issued a joint statement earlier this month identifying certain provisions of the law that took effect immediately. They also pinpointed some sections that will require future rulemaking or where they are weighing whether further action is necessary. The banking agencies are considering issuing roughly a dozen different rulemakings in response to the bill spearheaded by Senate Banking Committee Chairman Mike Crapo, according to interviews with various regulatory officials. They cover topics ranging from the Volcker Rule to the exam cycle to liquidity requirements. Read more in American Banker.
President Trump's signing of the regulatory relief law in May was a culmination of multiple efforts to enact changes to ease banks' burden. But it also signaled the start of a new chapter: regulatory implementation.
The federal bank regulators issued a joint statement earlier this month identifying certain provisions of the law that took effect immediately. They also pinpointed some sections that will require future rulemaking or where they are weighing whether further action is necessary. The banking agencies are considering issuing roughly a dozen different rulemakings in response to the bill spearheaded by Senate Banking Committee Chairman Mike Crapo, according to interviews with various regulatory officials. They cover topics ranging from the Volcker Rule to the exam cycle to liquidity requirements. Read more in American Banker.
ICBA Encourages Membership in Homeland Security Network
ICBA is encouraging community bankers to join the Homeland Security Information Network (HSIN), the Department of Homeland Security’s information-sharing environment. The Treasury Department distributes reports on cybersecurity and critical infrastructure protection to the network’s financial services Community of Interest (HSIN-FS). With a series of DHS awareness briefings for network members starting this week, community bankers can use an online guide on the ICBA website to request membership and begin accessing information from HSIN-FS. Learn more and sign up.
Stay up to date on cyber security by attending CBA's 3rd Annual Cyber Risk Summit held Thursday-Friday, August 23-24, 2018 at the Westin Savannah Harbor Golf Resort & Spa. Learn more and register.
ICBA is encouraging community bankers to join the Homeland Security Information Network (HSIN), the Department of Homeland Security’s information-sharing environment. The Treasury Department distributes reports on cybersecurity and critical infrastructure protection to the network’s financial services Community of Interest (HSIN-FS). With a series of DHS awareness briefings for network members starting this week, community bankers can use an online guide on the ICBA website to request membership and begin accessing information from HSIN-FS. Learn more and sign up.
Stay up to date on cyber security by attending CBA's 3rd Annual Cyber Risk Summit held Thursday-Friday, August 23-24, 2018 at the Westin Savannah Harbor Golf Resort & Spa. Learn more and register.
Data Breach Statistics Every Bank Should Know
With the news reporting new data breaches weekly, and banks being one of the top targets, it is essential to stay on top of cyber fraud trends and emerging threats. Two recent studies show that while financial services companies are winning the risk mitigation battle more successfully than other industries, they are not winning the war.
In the financial services industry, the average number of data breaches has more than tripled over the past five years, and the average annualized cost of cybercrime is now over $18m, up more than 40% in the last 3 years. If your institution has been spared a data breach, you should not rest easy. Cybercriminals are opportunistic and do not target companies due to their size, their wealth or their market prominence. They look for vulnerabilities, period. Read the full article. Guest article from CBA Associate Member NXG Strategies.
With the news reporting new data breaches weekly, and banks being one of the top targets, it is essential to stay on top of cyber fraud trends and emerging threats. Two recent studies show that while financial services companies are winning the risk mitigation battle more successfully than other industries, they are not winning the war.
In the financial services industry, the average number of data breaches has more than tripled over the past five years, and the average annualized cost of cybercrime is now over $18m, up more than 40% in the last 3 years. If your institution has been spared a data breach, you should not rest easy. Cybercriminals are opportunistic and do not target companies due to their size, their wealth or their market prominence. They look for vulnerabilities, period. Read the full article. Guest article from CBA Associate Member NXG Strategies.
ICS and CDARS: Taking Advantage of New Opportunities
FREE Webinar from CBA Endorsed Member Company Promontory Interfinancial Network
TOMORROW: Thursday, July 26, 2018 | 2:00 p.m.
Reg relief makes most reciprocal deposits nonbrokered, providing banks the opportunity to attract even more deposits. Thanks to the newly signed regulatory relief bill, most reciprocal deposits are no longer brokered. This comes as banks face intense and increasing competition for deposits. Join Promontory Interfinancial Network for a free webinar that outlines key provisions of the new law and the impact ICS®, or Insured Cash Sweep®, and CDARS® can have on banks’ balance sheets. Learn more and register.
FREE Webinar from CBA Endorsed Member Company Promontory Interfinancial Network
TOMORROW: Thursday, July 26, 2018 | 2:00 p.m.
Reg relief makes most reciprocal deposits nonbrokered, providing banks the opportunity to attract even more deposits. Thanks to the newly signed regulatory relief bill, most reciprocal deposits are no longer brokered. This comes as banks face intense and increasing competition for deposits. Join Promontory Interfinancial Network for a free webinar that outlines key provisions of the new law and the impact ICS®, or Insured Cash Sweep®, and CDARS® can have on banks’ balance sheets. Learn more and register.
Win While Protecting Consumers from Identity Fraud
FREE Webinar from CBA Associate Member NXG Strategies
Thursday, August 9, 2018 | 11:00 am EDT
In the era of the data breach it is important to provide solutions to your account holders that protect them from the devastating effects of identity fraud. Now what if you could provide this timely solution and find a way to grow your non-interest fee income? NXG Strategies is hosting a free webinar to provide banks with a variety of next generation solutions. Register today.
FREE Webinar from CBA Associate Member NXG Strategies
Thursday, August 9, 2018 | 11:00 am EDT
In the era of the data breach it is important to provide solutions to your account holders that protect them from the devastating effects of identity fraud. Now what if you could provide this timely solution and find a way to grow your non-interest fee income? NXG Strategies is hosting a free webinar to provide banks with a variety of next generation solutions. Register today.
Retirement Announcement
Congratulations to Lloyd Gunter, President and CEO of Community Bank of Georgia, Baxley, who has announced his retirement effective July 31, 2018. Lloyd began his banking career in 1968, and through the years has held a number of executive level positions. In 2004, Lloyd along with his father-in-law, Fred G. Hyers and a group of other outstanding businessmen organized Community Bank of Georgia. Since its inception, Lloyd has served as a director and President/CEO. His experience and wisdom in banking has been instrumental in the growth and success of the bank. Read the full announcement.
Congratulations to Lloyd Gunter, President and CEO of Community Bank of Georgia, Baxley, who has announced his retirement effective July 31, 2018. Lloyd began his banking career in 1968, and through the years has held a number of executive level positions. In 2004, Lloyd along with his father-in-law, Fred G. Hyers and a group of other outstanding businessmen organized Community Bank of Georgia. Since its inception, Lloyd has served as a director and President/CEO. His experience and wisdom in banking has been instrumental in the growth and success of the bank. Read the full announcement.
Congratulations to Marion Stokes for 50 Years of Law Practice
Congratulations to Marion B. Stokes, founding Partner of Stokes, Carmichael & Ernst LLP, a CBA Associate Member, for celebrating fifty years of active law practice. Marion served in the U.S. Marine Corps from 1967-1968, and started the law firm now known as Stokes, Carmichael & Ernst in 1972. Marion is the author of The Seller's Credit Guide and numerous articles on collection law. He is considered one of the "deans" of the collection law bar in Atlanta. Read the full announcement.
Congratulations to Marion B. Stokes, founding Partner of Stokes, Carmichael & Ernst LLP, a CBA Associate Member, for celebrating fifty years of active law practice. Marion served in the U.S. Marine Corps from 1967-1968, and started the law firm now known as Stokes, Carmichael & Ernst in 1972. Marion is the author of The Seller's Credit Guide and numerous articles on collection law. He is considered one of the "deans" of the collection law bar in Atlanta. Read the full announcement.
Meet the CBA Team!
Can you guess which CBA team member this is? Get to know us with a different member of our team featured each month!
Can you guess which CBA team member this is? Get to know us with a different member of our team featured each month!
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Georgia Primary Bank - Atlanta J. Ross Mynatt has joined the bank as Senior Vice President, Relationship Manager. |
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Greater Community Bank - Rome Congratulations to Dan West, Vice President and Commercial Lending Officer, for graduating from the Graduate School of Banking at Louisiana State University. |
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Farmers & Merchants Bank - Statesboro Congratulations to Brannen Smith, Vice President and Commercial Banker, for graduating from the Graduate School of Banking at Louisiana State University. |
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Queensborough National Bank & Trust Company - Louisville
Congratulations to Henry Leverett, Assistant Vice President, At Work Banking & Financial Literacy Program Manager, for becoming a Certified Financial Education Instructor. |
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Queensborough National Bank & Trust Company - Louisville
Congratulations to Tina Browning, Assistant Vice President, At Work Banking & Financial Literacy Program Coordinator, for becoming a Certified Financial Education Instructor. |
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Embassy National Bank - Lawrenceville Jasmeen Sewak Franklin has joined the bank as a Human Resource Manager. |
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Insurance Review
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Hank Bahr is the President of Bahr Consultants, Inc., a “fee only” insurance and risk management consulting firm specializing in the analysis of insurance risks for community banks. Bahr Consultants is not an insurance agency, is not affiliated with any insurance companies, and sells no insurance products. By being free of insurance ties, Bahr Consultants is able to concentrate on providing its clients with truly objective counsel in analyzing insurance exposures from the bank’s point of view only.
For more info contact Hank at 1-800-694-6098; Hank@BahrConsultantsInc.com
or visit www.BahrConsultantsInc.com.
For more info contact Hank at 1-800-694-6098; Hank@BahrConsultantsInc.com
or visit www.BahrConsultantsInc.com.
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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July - August 2018
2018 Sr. Retail Banking Officer Forum – Session III
Thursday, July 26 - Atlanta
Compliance / BSA Roundtable – Metro Atlanta & South Georgia
Monday, July 30 – St. Simons (Late afternoon program)
11th Annual Advanced BSA Officer School
Tuesday - Friday, July 31 – August 3 – St. Simons
2018 Branch Management Series, Session II – Growing the Retail Branch
Thursday, August 9 - Atlanta
CFO & Financial Officers’ Conference
Monday-Tuesday, August 13-14 - Atlanta
Annual Bank Directors’ Conference (NEW format!)
Monday-Tuesday, August 20-21 – Lake Oconee
3rd Annual Cyber Risk Summit
Thursday-Friday, August 23-24 - Savannah
TRID For Beginners (TWO locations to choose from!)
Monday, August 27 - Duluth
Wednesday, August 29 - Macon
Analyzing Personal & Corporate Financial Statements & Tax Returns
Tuesday, August 28 - Atlanta
Compliance Risk Management
Thursday, August 30 - Macon
Ongoing Webinars & Online Training
Webinars
Click here to view webinar listing and to register.
On-Line Training
Click here for on-line training with OnCourse Learning.
(OnCourse Learning is a CBA Endorsed Member Company)
Remainder of 2018
3rd Quarter Banker Regulatory Forum – Safety & Soundness
Thursday, August 2 - Macon
2018 Leadership Academy, Session IV – Utilizing the Tool Belt in Your Bank
Tuesday, September 11 - Macon
Fall PAC/PR Fundraising Clay Shoot
Thursday, October 4 – Mansfield/Covington
4th Quarter Banker Regulatory Forum – Compliance
Thursday, November 1 - Atlanta
2019 Julian & Jan Hester Memorial Scholarship
Reminder – the 2019 Julian & Jan Hester Memorial Scholarship Applications will be ready in the fall – bankers, get your team together and plan to spread the word within your communities! More information will be provided in the coming months!
3rd Quarter Banker Regulatory Forum – Safety & Soundness
Thursday, August 2 - Macon
2018 Leadership Academy, Session IV – Utilizing the Tool Belt in Your Bank
Tuesday, September 11 - Macon
Fall PAC/PR Fundraising Clay Shoot
Thursday, October 4 – Mansfield/Covington
4th Quarter Banker Regulatory Forum – Compliance
Thursday, November 1 - Atlanta
2019 Julian & Jan Hester Memorial Scholarship
Reminder – the 2019 Julian & Jan Hester Memorial Scholarship Applications will be ready in the fall – bankers, get your team together and plan to spread the word within your communities! More information will be provided in the coming months!
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
2018 Senior Retail Banking Officer Forum - Session III
Thursday, July 26 - Atlanta
11th Annual Advanced BSA Officer School
Tuesday-Friday,
July 31-August 3 -
St. Simons Island
3rd Quarter Banker Regulatory Forum
Thursday, August 2 - Macon
Branch Management Series II: Growing the Retail Branch
Thursday, August 9 - Atlanta
2018 Senior Retail Banking Officer Forum - Session III
Thursday, July 26 - Atlanta
11th Annual Advanced BSA Officer School
Tuesday-Friday,
July 31-August 3 -
St. Simons Island
3rd Quarter Banker Regulatory Forum
Thursday, August 2 - Macon
Branch Management Series II: Growing the Retail Branch
Thursday, August 9 - Atlanta
Connect with us on social media!
