June 8, 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
Overnight Delivery Program
Community banks reported $5.2 billion in net income in the first quarter, an increase of 7.4 percent from the first quarter of 2015, the FDIC reported. Net operating revenue at the 5,664 insured institutions identified as community banks rose 6.9 percent from a year ago to $22.2 billion, according to the agency’s Quarterly Banking Profile.
Overall, insured institutions reported net income of $39.1 billion in the first quarter, a 1.9 percent decline from a year earlier. The decline in earnings was due largely to higher loan-loss provisions for commercial and industrial borrowers, particularly in the energy sector, and lower noninterest income at a few large banks.
Community bank loan balances rose 1.5 percent during the first quarter and 8.9 percent over the past 12 months. Overall, total loan and lease balances increased 1.1 percent during the first quarter and 6.9 percent over the previous year.
The Deposit Insurance Fund increased from $72.6 billion at the end of 2015 to $75.1 billion at the end of the first quarter, with the reserve ratio rising from 1.11 percent to 1.13 percent. The number of banks on the FDIC’s Problem List fell from 183 to 165, the fewest in more than seven years. Read More from FDIC.
Overall, insured institutions reported net income of $39.1 billion in the first quarter, a 1.9 percent decline from a year earlier. The decline in earnings was due largely to higher loan-loss provisions for commercial and industrial borrowers, particularly in the energy sector, and lower noninterest income at a few large banks.
Community bank loan balances rose 1.5 percent during the first quarter and 8.9 percent over the past 12 months. Overall, total loan and lease balances increased 1.1 percent during the first quarter and 6.9 percent over the previous year.
The Deposit Insurance Fund increased from $72.6 billion at the end of 2015 to $75.1 billion at the end of the first quarter, with the reserve ratio rising from 1.11 percent to 1.13 percent. The number of banks on the FDIC’s Problem List fell from 183 to 165, the fewest in more than seven years. Read More from FDIC.
Community Banks Succeed in Face of Regulatory Burden
Community banks are succeeding in the marketplace despite challenges from excessive regulatory burdens, according to an article in The Wall Street Journal. The report notes that while community banks face regulations enacted with big banks in mind, they have seized opportunities, embraced new technologies and outperformed the rest of the banking industry.
“I think there’s more appreciation and understanding for what community banks represent,” ICBA Chairman Rebeca Romero Rainey told the newspaper. Click here to read the article in The Wall Street Journal.
Community banks are succeeding in the marketplace despite challenges from excessive regulatory burdens, according to an article in The Wall Street Journal. The report notes that while community banks face regulations enacted with big banks in mind, they have seized opportunities, embraced new technologies and outperformed the rest of the banking industry.
“I think there’s more appreciation and understanding for what community banks represent,” ICBA Chairman Rebeca Romero Rainey told the newspaper. Click here to read the article in The Wall Street Journal.
Hensarling Asks for Dodd-Frank Revamp
House Financial Services Committee Chairman Jeb Hensarling R-Texas, unveiled an ambitious plan to revamp the Dodd-Frank Act and replace it with a capital-based alternative during a speech in New York. "Our Republican plan rests on the belief that bank capital is the most basic element in making a financial system healthy, resilient and reliable for economic growth" said Hensarling in remarks prepared for The Economic Club of New York.
The Texas Republican signaled earlier this year that he was working on legislation that would create a separate regulatory framework that banks could choose to follow as an "off-ramp" from Dodd-Frank in return for higher capital requirements. Read more in American Banker.
House Financial Services Committee Chairman Jeb Hensarling R-Texas, unveiled an ambitious plan to revamp the Dodd-Frank Act and replace it with a capital-based alternative during a speech in New York. "Our Republican plan rests on the belief that bank capital is the most basic element in making a financial system healthy, resilient and reliable for economic growth" said Hensarling in remarks prepared for The Economic Club of New York.
The Texas Republican signaled earlier this year that he was working on legislation that would create a separate regulatory framework that banks could choose to follow as an "off-ramp" from Dodd-Frank in return for higher capital requirements. Read more in American Banker.
Manufacturing and Tourism Highlight Fed Outlook
In the latest Beige Book report, the Sixth District business contacts reported economic activity continued at a modest pace from April through mid-May. The outlook among contacts remains optimistic with most firms expecting growth to be higher than current rates over the next three to six months.
District merchants reported modest sales growth over the reporting period. Auto sales declined slightly from last year's high level. The tourism sector continued to experience solid activity. According to residential real estate contacts, new and existing home sales were flat to slightly up, inventories were down, and home prices modestly appreciated compared with a year ago. Commercial real estate contacts noted demand continued to improve. While overall nonresidential construction increased from a year ago, multifamily construction showed some signs of slowing. Manufacturing purchasing managers cited increases in new orders and production. Banking contacts indicated that there was ample credit available to qualified borrowers. District firms continued to report difficulties filling a range of positions. Wage pressures remained modest and non-labor input cost pressures were subdued. Click here to read the full Beige Book report.
In the latest Beige Book report, the Sixth District business contacts reported economic activity continued at a modest pace from April through mid-May. The outlook among contacts remains optimistic with most firms expecting growth to be higher than current rates over the next three to six months.
District merchants reported modest sales growth over the reporting period. Auto sales declined slightly from last year's high level. The tourism sector continued to experience solid activity. According to residential real estate contacts, new and existing home sales were flat to slightly up, inventories were down, and home prices modestly appreciated compared with a year ago. Commercial real estate contacts noted demand continued to improve. While overall nonresidential construction increased from a year ago, multifamily construction showed some signs of slowing. Manufacturing purchasing managers cited increases in new orders and production. Banking contacts indicated that there was ample credit available to qualified borrowers. District firms continued to report difficulties filling a range of positions. Wage pressures remained modest and non-labor input cost pressures were subdued. Click here to read the full Beige Book report.
Secret Service Reports Rash of PIN-Reset Attacks: FS-ISAC
The U.S. Secret Service has received reports of wide-scale PIN-reset attacks, FS-ISAC reports in its latest risk summary for community financial institutions. Under the scam, fraudsters obtain debit card information, access automated PIN-reset systems, and use counterfeit cards to withdraw funds.
The weekly report, which also spotlights a variety of recent news and security risks, outlines how community institutions can prevent and respond to the PIN-reset attacks. Read the FS-ISAC Report.
The U.S. Secret Service has received reports of wide-scale PIN-reset attacks, FS-ISAC reports in its latest risk summary for community financial institutions. Under the scam, fraudsters obtain debit card information, access automated PIN-reset systems, and use counterfeit cards to withdraw funds.
The weekly report, which also spotlights a variety of recent news and security risks, outlines how community institutions can prevent and respond to the PIN-reset attacks. Read the FS-ISAC Report.
CFPB Proposes New Small-Dollar Lending Restrictions
The Consumer Financial Protection Bureau proposed new requirements for many forms of small-dollar credit, including payday, vehicle-title and certain high-cost installment loans. The proposed rule would require lenders to take certain steps to ensure consumers can repay their loans, and it would restrict how lenders can access repayment.
For instance, lenders would have to determine whether borrowers can afford the full amount of each payment when it’s due and still meet their financial obligations. It also would limit the number of times debt can be rolled over and how many times lenders can attempt to debit the borrower’s account to collect payment. These provisions generally apply to covered consumer loans with terms of 45 days or less or annual percentage rates over 36 percent. The proposal would provide a limited exemption for certain short-term loans up to $500 and permit lenders to offer two “Less Risky Longer-Term Loan Options” that meet strict APR and default-rate restrictions.
In a statement, ICBA urged the CFPB to include meaningful options for reliable lenders that offer lower-risk personal loans with excellent performance. “The rule must allow community banks to continue to have the flexibility to provide access to small-dollar credit, free of numerical and costly requirements in the underwriting process,” ICBA said.
Read More from CFPB. Read ICBA Statement.
The Consumer Financial Protection Bureau proposed new requirements for many forms of small-dollar credit, including payday, vehicle-title and certain high-cost installment loans. The proposed rule would require lenders to take certain steps to ensure consumers can repay their loans, and it would restrict how lenders can access repayment.
For instance, lenders would have to determine whether borrowers can afford the full amount of each payment when it’s due and still meet their financial obligations. It also would limit the number of times debt can be rolled over and how many times lenders can attempt to debit the borrower’s account to collect payment. These provisions generally apply to covered consumer loans with terms of 45 days or less or annual percentage rates over 36 percent. The proposal would provide a limited exemption for certain short-term loans up to $500 and permit lenders to offer two “Less Risky Longer-Term Loan Options” that meet strict APR and default-rate restrictions.
In a statement, ICBA urged the CFPB to include meaningful options for reliable lenders that offer lower-risk personal loans with excellent performance. “The rule must allow community banks to continue to have the flexibility to provide access to small-dollar credit, free of numerical and costly requirements in the underwriting process,” ICBA said.
Read More from CFPB. Read ICBA Statement.
Complimentary Lunch and Learn for CBA Members on the New Garnishment Rules
Join us for a seminar presented by CBA’s General Legal Counsel James-Bates-Brannan-Groover-LLP. This two hour seminar will be held on June 28, 2016 from Noon to 2pm at two locations – 231 Riverside Drive in Macon and 3399 Peachtree Rd NE, Suite 1700 in Atlanta (directions to be provided). Participants will receive the most current information, all of the new required forms as well as all of your questions answered on the new garnishment rules that went into effect for garnishments filed after May 12, 2016. Registration and lunch are complimentary. To register for the Macon location, please email Michael White at mwhite@jamesbatesllp.com; for the Atlanta location please email Alec Sedki at asedki@jamesbatesllp.com. Space is limited so please register early. We look forward to seeing you there.
Join us for a seminar presented by CBA’s General Legal Counsel James-Bates-Brannan-Groover-LLP. This two hour seminar will be held on June 28, 2016 from Noon to 2pm at two locations – 231 Riverside Drive in Macon and 3399 Peachtree Rd NE, Suite 1700 in Atlanta (directions to be provided). Participants will receive the most current information, all of the new required forms as well as all of your questions answered on the new garnishment rules that went into effect for garnishments filed after May 12, 2016. Registration and lunch are complimentary. To register for the Macon location, please email Michael White at mwhite@jamesbatesllp.com; for the Atlanta location please email Alec Sedki at asedki@jamesbatesllp.com. Space is limited so please register early. We look forward to seeing you there.
Complete the 2016 Georgia Community Bank Salary Survey by August 1 and it's yours FREE!
Community Bankers Association of Georgia (CBA) is pleased to partner with associate member Nichols, Cauley & Associates, LLC again this year to offer the 2016 Georgia Community Bank Salary Survey.
The Salary Survey is a compilation of current salaries and general benefits for common positions within Georgia's community banks. The survey can be a vital tool when determining competitive pay and benefits for employee recruitment and retention.
All CBA member banks are invited to participate in the survey, and those participating will receive a complimentary copy of the survey report. Non-participating member banks are able to purchase the survey for $250 and the non-member cost is $350. The survey is simple and easy to use. Please complete the survey using the link below no later than August 1, 2016.
Click here for 2016 survey
The survey includes an executive summary as well as information on salary, bonus or additional compensation, qualified plans and additional benefits. Banks will also be categorized by asset size as well as Metro-Atlanta and non-Metro Atlanta. Survey results are anticipated to be available September 1, 2016.
For more information, contact Lindsay Greene, Community Bankers Association of Georgia, 770.541.0376 or Ashleigh Gillis, Nichols, Cauley & Associates, LLC, 800.823.0117.
Community Bankers Association of Georgia (CBA) is pleased to partner with associate member Nichols, Cauley & Associates, LLC again this year to offer the 2016 Georgia Community Bank Salary Survey.
The Salary Survey is a compilation of current salaries and general benefits for common positions within Georgia's community banks. The survey can be a vital tool when determining competitive pay and benefits for employee recruitment and retention.
All CBA member banks are invited to participate in the survey, and those participating will receive a complimentary copy of the survey report. Non-participating member banks are able to purchase the survey for $250 and the non-member cost is $350. The survey is simple and easy to use. Please complete the survey using the link below no later than August 1, 2016.
Click here for 2016 survey
The survey includes an executive summary as well as information on salary, bonus or additional compensation, qualified plans and additional benefits. Banks will also be categorized by asset size as well as Metro-Atlanta and non-Metro Atlanta. Survey results are anticipated to be available September 1, 2016.
For more information, contact Lindsay Greene, Community Bankers Association of Georgia, 770.541.0376 or Ashleigh Gillis, Nichols, Cauley & Associates, LLC, 800.823.0117.
Day 2: More Amazing Speakers to Inform You!
Saturday's schedule has more speakers with valuable information for you. They'll discuss subjects that are critical to today's community banking industry.
“Genius, Power & Magic: Unleashing Your Personal Magnanimitas”
Coach Bill Curry, Outstanding Football Player, Coach and Analyst
Bill Curry has spent his entire adult life as a leader and communicator. His NFL career included two Super Bowl titles and a stint as the President of the NFL Players Association. He served as head football coach for Georgia Tech, the University of Alabama and the University of Kentucky. In 1989, Bill was recognized as the nation's top coach with the Bobby Dodd National Coach of the Year Award. Bill was the recipient of the American Football Coaches Association's 2007 Amos Alonzo Stagg Award for his outstanding service toward the advancement of the best interests of football. In 2008, Bill was selected to be the inaugural head coach of Georgia State University's new football program. Bill's book - Ten Men You Meet in the Huddle - was praised by author Pat Conroy as "the best book about the NFL" that he ever read.
Saturday's schedule has more speakers with valuable information for you. They'll discuss subjects that are critical to today's community banking industry.
“Genius, Power & Magic: Unleashing Your Personal Magnanimitas”
Coach Bill Curry, Outstanding Football Player, Coach and Analyst
Bill Curry has spent his entire adult life as a leader and communicator. His NFL career included two Super Bowl titles and a stint as the President of the NFL Players Association. He served as head football coach for Georgia Tech, the University of Alabama and the University of Kentucky. In 1989, Bill was recognized as the nation's top coach with the Bobby Dodd National Coach of the Year Award. Bill was the recipient of the American Football Coaches Association's 2007 Amos Alonzo Stagg Award for his outstanding service toward the advancement of the best interests of football. In 2008, Bill was selected to be the inaugural head coach of Georgia State University's new football program. Bill's book - Ten Men You Meet in the Huddle - was praised by author Pat Conroy as "the best book about the NFL" that he ever read.
“How to Win Over Gen Y: Are All Your Bases Covered?”
Keith Brannan, Chief Marketing Officer, Kasasa, Austin, TX
Your future growth depends on attracting Gen Y consumers now. The majority of Gen Y still banks with the megas, despite research that shows they would rather bank with a community financial institution. In this session, Kasasa® will share important insights into which products Gen Y want and where they go to find them. Learn how to engage with Gen Y, and discover how a strong brand can entice Gen Y to your bank - for life. A 20-year veteran of the banking industry, Keith Brannan increases ROI for community financial institutions by aligning organizational design, brand strategy, market initiatives, and sales objectives.
Keith Brannan, Chief Marketing Officer, Kasasa, Austin, TX
Your future growth depends on attracting Gen Y consumers now. The majority of Gen Y still banks with the megas, despite research that shows they would rather bank with a community financial institution. In this session, Kasasa® will share important insights into which products Gen Y want and where they go to find them. Learn how to engage with Gen Y, and discover how a strong brand can entice Gen Y to your bank - for life. A 20-year veteran of the banking industry, Keith Brannan increases ROI for community financial institutions by aligning organizational design, brand strategy, market initiatives, and sales objectives.
“Endpoint Security & the Cyber Threat Landscape”
John Collins, CTU Principal Security Architect and Consultant, SecureWorks, Atlanta
John Collins is a Principal Security Architect and Threat Intelligence Analyst with SecureWorks in Atlanta, GA. He is an Air Force veteran who served from 1995-2004 as a Signals Intelligence and Communication Interceptor, working for the National Security Agency. He received numerous medals and NSA internal awards for his work in the intelligence field, with key intelligence specifically collected by him reaching the desk of the President of the United States.
The SecureWorks Counter Threat Unit (CTU) research team analyzes security threats and helps clients protect their systems. SecureWorks is a CBA Endorsed Member Company.
See you later this month!
Special Disney Ticket Pricing for CBA Attendees!
Sponsorship opportunities are available!
Contact Lindsay Greene - (770) 541-0376.
For general information, contact Peake Wilson - (770) 541-0379.
John Collins, CTU Principal Security Architect and Consultant, SecureWorks, Atlanta
John Collins is a Principal Security Architect and Threat Intelligence Analyst with SecureWorks in Atlanta, GA. He is an Air Force veteran who served from 1995-2004 as a Signals Intelligence and Communication Interceptor, working for the National Security Agency. He received numerous medals and NSA internal awards for his work in the intelligence field, with key intelligence specifically collected by him reaching the desk of the President of the United States.
The SecureWorks Counter Threat Unit (CTU) research team analyzes security threats and helps clients protect their systems. SecureWorks is a CBA Endorsed Member Company.
See you later this month!
Special Disney Ticket Pricing for CBA Attendees!
Sponsorship opportunities are available!
Contact Lindsay Greene - (770) 541-0376.
For general information, contact Peake Wilson - (770) 541-0379.
Fun and Exciting Group Activities in Bermuda!
Here are even more fun and exciting reasons to attend the 48th Annual Meeting & Trade Show in Bermuda.
CBA's Annual Golf Tournament - Friday, July 22, Shotgun Start at 2:00 p.m.
What can be better than perfect? If you're a golfer, then it's the Port Royal Golf Course. Majestic emerald green fairways with simply sensational views of the ocean - this beautiful golf course boasts some of the finest golf holes anywhere on the island. The course has been opened up to allow for more staggering ocean views. Lined by palms and Bermudan cedars, the course features some of Bermuda's most picturesque and dramatic holes, highlighted by the stunning par 3 16th hole which is situated on the side of a cliff. TaylorMade rental clubs ($50) and shoes ($15) are available onsite. Registration is $145 per player and includes a boxed lunch, beverage cart and cash prizes. Pre-registration is required.
Here are even more fun and exciting reasons to attend the 48th Annual Meeting & Trade Show in Bermuda.
CBA's Annual Golf Tournament - Friday, July 22, Shotgun Start at 2:00 p.m.
What can be better than perfect? If you're a golfer, then it's the Port Royal Golf Course. Majestic emerald green fairways with simply sensational views of the ocean - this beautiful golf course boasts some of the finest golf holes anywhere on the island. The course has been opened up to allow for more staggering ocean views. Lined by palms and Bermudan cedars, the course features some of Bermuda's most picturesque and dramatic holes, highlighted by the stunning par 3 16th hole which is situated on the side of a cliff. TaylorMade rental clubs ($50) and shoes ($15) are available onsite. Registration is $145 per player and includes a boxed lunch, beverage cart and cash prizes. Pre-registration is required.
Catamaran Sail and Coral Reef Snorkeling - Friday, July 22, 2:00 - 5:00 pm
Join us onboard one of the island's comfortable and stable catamarans for a trip around the northernmost coral reef in the world. Relax on deck and enjoy complimentary soft drinks while our crew provides commentary on the island and the fascinating undersea ecosystem. After the 45-minute cruise, you will find yourself moored in a magical deep blue oasis bordered by fringe reef on nearly all sides. You'll be given a mask, snorkel, fins, buoyancy vest or flotation noodle and instruction on how to enjoy the undersea paradise. Immerse yourself in crystal clear waters under the watchful eye of instructors and explore the great expanses of pristine reef. Then we hoist the sails and enjoy a relaxing sail home with a complimentary Rum Swizzle. Registration is $100 per person and includes some beverages. Pre-registration is required. Limited seating.
Join us onboard one of the island's comfortable and stable catamarans for a trip around the northernmost coral reef in the world. Relax on deck and enjoy complimentary soft drinks while our crew provides commentary on the island and the fascinating undersea ecosystem. After the 45-minute cruise, you will find yourself moored in a magical deep blue oasis bordered by fringe reef on nearly all sides. You'll be given a mask, snorkel, fins, buoyancy vest or flotation noodle and instruction on how to enjoy the undersea paradise. Immerse yourself in crystal clear waters under the watchful eye of instructors and explore the great expanses of pristine reef. Then we hoist the sails and enjoy a relaxing sail home with a complimentary Rum Swizzle. Registration is $100 per person and includes some beverages. Pre-registration is required. Limited seating.
Famous Homes & Hideaways Cruise Around Bermuda
Spouse/Guest Program - Saturday, July 23, 9:00am - Noon
Spouses and guests can enjoy brunch and morning cocktails as they gently cruise Bermuda's exquisite turquoise blue waters to enjoy a sightseeing excursion around the island! View charming colonial homes painted in pastel colors that are steeped in history. Sneak a peek at "Millionaire's Row" and see the homes of movie stars Michael Douglas and Catherine Zeta-Jones; James Martin, pioneer of Texas instruments; playwright Eugene O'Neal; and William Denslow, illustrator of the Wizard of Oz. Registration is $65 per person and includes morning cocktails and brunch. Pre-registration is required. Limited seating.
Hotel Rooms Going Fast!
If you have not already done so, please call and reserve your room at the Resort. Our group block (which has been increased) is almost full and the Resort is filling up. The group rate is available through June 19th if the resort has availability. Please call today! For reservations, contact the Global Reservations Center at (800) 441-1414 and mention "Community Bankers Association of Georgia." More information can be found here.
Join CBA and your peers to hear amazing speakers at the Fairmont Southampton, Bermuda, Wednesday-Sunday, July 20-24th for CBA's 48th Annual Meeting & Trade Show!
Spouse/Guest Program - Saturday, July 23, 9:00am - Noon
Spouses and guests can enjoy brunch and morning cocktails as they gently cruise Bermuda's exquisite turquoise blue waters to enjoy a sightseeing excursion around the island! View charming colonial homes painted in pastel colors that are steeped in history. Sneak a peek at "Millionaire's Row" and see the homes of movie stars Michael Douglas and Catherine Zeta-Jones; James Martin, pioneer of Texas instruments; playwright Eugene O'Neal; and William Denslow, illustrator of the Wizard of Oz. Registration is $65 per person and includes morning cocktails and brunch. Pre-registration is required. Limited seating.
Hotel Rooms Going Fast!
If you have not already done so, please call and reserve your room at the Resort. Our group block (which has been increased) is almost full and the Resort is filling up. The group rate is available through June 19th if the resort has availability. Please call today! For reservations, contact the Global Reservations Center at (800) 441-1414 and mention "Community Bankers Association of Georgia." More information can be found here.
Join CBA and your peers to hear amazing speakers at the Fairmont Southampton, Bermuda, Wednesday-Sunday, July 20-24th for CBA's 48th Annual Meeting & Trade Show!
Free Webinar:
Defense of Financial Institutions in Retaliation and Whistleblowing Cases
June 14, 2016, 2pm - 3 pm ET
The purpose of this presentation is to discuss the unique exposure of financial institutions to retaliation and whistleblowing claims from employees. Financial institutions are heavily regulated, and as a result are subject to a variety of state and federal anti-retaliation and whistleblower protection statutes. Awareness of this risk and developing strategies to deal with the exposure is critical for financial institutions. Click here to register. Travelers is a CBA Endorsed Member Company.
Defense of Financial Institutions in Retaliation and Whistleblowing Cases
June 14, 2016, 2pm - 3 pm ET
The purpose of this presentation is to discuss the unique exposure of financial institutions to retaliation and whistleblowing claims from employees. Financial institutions are heavily regulated, and as a result are subject to a variety of state and federal anti-retaliation and whistleblower protection statutes. Awareness of this risk and developing strategies to deal with the exposure is critical for financial institutions. Click here to register. Travelers is a CBA Endorsed Member Company.
New Overtime Rules!
WILL YOU BE IN COMPLIANCE BY THE DECEMBER 1 DEADLINE?
The Department of Labor's Wage and Hour Division recently published the final rule revising regulations under the Fair Labor Standards Act. This implements the exemption from minimum wage and overtime pay for executive, administrative, professional, outside sales, and IT employees. The new rules become effective December 1, 2016 and the CBA is ready to help you with your training needs by providing two new webinars as follows:
Webinar I: July 8, 2016: “Understanding the New Overtime Rules Effective December 1, 2016: Critical Budgeting Issues & How to Determine the Appropriate Hourly Rate”
Webinar II: October 14, 2016: “Countdown to the New Overtime Rules: How to Bring Your Bank into Compliance by the December 1, 2016 Deadline”
Register today and come learn information to help you in planning, budgeting, and determining the available alternatives for employees who will no longer qualify as exempt from overtime. Attend the live webinar and/or purchase the web link. For assistance, contact the CBA Education Department.
WILL YOU BE IN COMPLIANCE BY THE DECEMBER 1 DEADLINE?
The Department of Labor's Wage and Hour Division recently published the final rule revising regulations under the Fair Labor Standards Act. This implements the exemption from minimum wage and overtime pay for executive, administrative, professional, outside sales, and IT employees. The new rules become effective December 1, 2016 and the CBA is ready to help you with your training needs by providing two new webinars as follows:
Webinar I: July 8, 2016: “Understanding the New Overtime Rules Effective December 1, 2016: Critical Budgeting Issues & How to Determine the Appropriate Hourly Rate”
Webinar II: October 14, 2016: “Countdown to the New Overtime Rules: How to Bring Your Bank into Compliance by the December 1, 2016 Deadline”
Register today and come learn information to help you in planning, budgeting, and determining the available alternatives for employees who will no longer qualify as exempt from overtime. Attend the live webinar and/or purchase the web link. For assistance, contact the CBA Education Department.
ServisFirst Bank Ranked a Top Ten National Midtier Bank
ServisFirst Bank announced it was ranked 8th out of 217 eligible institutions in American Banker’s list of Midtier Performers with $2 billion to $10 billion in assets in the United States. The criterion is based on three-year average returns on equity for 2013-2015. ServisFirst had a three-year average ROAE of 14.93 percent. American Banker’s ranking of the top Midtier Performers highlights an 8.79% median for three-year return on average equity within midtier banks.
ServisFirst Bank announced it was ranked 8th out of 217 eligible institutions in American Banker’s list of Midtier Performers with $2 billion to $10 billion in assets in the United States. The criterion is based on three-year average returns on equity for 2013-2015. ServisFirst had a three-year average ROAE of 14.93 percent. American Banker’s ranking of the top Midtier Performers highlights an 8.79% median for three-year return on average equity within midtier banks.
Bankers Selected for Leadership Academy
United Community Bank has selected fifteen of its emerging leaders for its Leadership Academy, a professional development program. This is the first year for the program and includes team members from United Community Bank offices around the four-state footprint.
The bankers selected include: Jen Abate, Senior Portfolio Manager; Greg Abernathy, Technology Architect; Adam Born, Relationship Manager; Jay Burkett, Financial Advisor; Kathy Hadrava, Deputy BSA Officer; Adam Hart, Vice President, Regional Sales Manager, Mortgage Services; Nick Harty, Senior Vice President; Daniel Lopez, City President - Jasper and CBA Leadership Division Board Member; Annemarie Murphy, COO, SBA Lending; Jason McCarter, Regional Credit Manager; Betsy Mull, Financial Systems Manager; Mark Pinion, Senior Commercial Credit Officer; Jana Scroggins, Commercial Relationship Manager; Tyler White, Commercial Relationship Manager; and Drew Williams, Director of Corporate Product Management.
United Community Bank has selected fifteen of its emerging leaders for its Leadership Academy, a professional development program. This is the first year for the program and includes team members from United Community Bank offices around the four-state footprint.
The bankers selected include: Jen Abate, Senior Portfolio Manager; Greg Abernathy, Technology Architect; Adam Born, Relationship Manager; Jay Burkett, Financial Advisor; Kathy Hadrava, Deputy BSA Officer; Adam Hart, Vice President, Regional Sales Manager, Mortgage Services; Nick Harty, Senior Vice President; Daniel Lopez, City President - Jasper and CBA Leadership Division Board Member; Annemarie Murphy, COO, SBA Lending; Jason McCarter, Regional Credit Manager; Betsy Mull, Financial Systems Manager; Mark Pinion, Senior Commercial Credit Officer; Jana Scroggins, Commercial Relationship Manager; Tyler White, Commercial Relationship Manager; and Drew Williams, Director of Corporate Product Management.
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United Community Bank - Blairsville
Rex Schuette, Executive Vice President & CFO was recently featured in an Atlanta Business Chronicle article highlighting his contributions in helping the bank's growth. Click here to read the article. |
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Colony Bank - Fitzgerald J. Stan Cook has been named Executive Vice President, Chief Operating Officer. |
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Colony Bank - Fitzgerald Tammie Sheppard has been named Senior Vice President, Senior Compliance Officer. |
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Private Bank of Buckhead - Atlanta Maura McKenna has been named Senior Vice President and Relationship Manager. |
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Georgia Department of Banking & Finance - Atlanta
Commissioner Kevin Hagler has been named Regulatory Committee Chair for the Conference of State Bank Supervisors. |
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Colony Bank - Fitzgerald Robert "Gibson" Hill has been named Branch Manager of the bank’s new office in Savannah on Drayton Street. |
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Signature Bank of Georgia - Sandy Springs Nicole Klein has been named Director of Private Banking. |
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.
June 2016
Mortgage Lending – Start to Finish
Wednesday, June 15 - Macon
Complying With The New Mortgage Disclosures / TRID
Thursday, June 16 - Macon
Inaugural Senior Retail Banking Forum, Session I
Tuesday, June 21 – Atlanta
Georgia Deposit Documentation
Tuesday, June 21 - Duluth
Wednesday, June 22 – Macon
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)
Mortgage Lending – Start to Finish
Wednesday, June 15 - Macon
Complying With The New Mortgage Disclosures / TRID
Thursday, June 16 - Macon
Inaugural Senior Retail Banking Forum, Session I
Tuesday, June 21 – Atlanta
Georgia Deposit Documentation
Tuesday, June 21 - Duluth
Wednesday, June 22 – Macon
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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June, July & August 2016
38th Annual Leadership Division Convention & Mini-Trade Show Wednesday – Sunday, June 22-26, 2016 Disney’s Contemporary Resort, Lake Buena Vista, FL 48th Annual Meeting & Trade Show – PASSPORT REQUIRED Wednesday – Sunday, July 20-24, 2016 Fairmont Southampton, Bermuda 3rd Quarter Banker Regulatory Forum Thursday, August 4, Macon 3rd Quarter Community Bank Leadership Academy Wednesday, August 17, 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
Mortgage Lending
June 15 - Macon
Complying With The New Mortgage Disclosures / TRID
June 16 - Macon
Georgia Deposit Documentation
June 21 - Duluth
June 22 – Macon
Mortgage Lending
June 15 - Macon
Complying With The New Mortgage Disclosures / TRID
June 16 - Macon
Georgia Deposit Documentation
June 21 - Duluth
June 22 – Macon
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