November 2, 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
Credit/Debit Card Program
Five federal regulatory agencies are requesting comment on a joint notice of proposed rulemaking to implement provisions of the Biggert-Waters Flood Insurance Reform Act (Biggert-Waters Act) that require regulated lending institutions to accept certain private flood insurance policies in addition to policies made available by the Federal Emergency Management Agency.
The proposed rule includes provisions to assist lending institutions in identifying private flood insurance policies they would be required to accept. The proposal also would clarify that lenders retain their discretion to accept private flood insurance policies that do not meet the criteria for mandatory acceptance, provided certain conditions are met. Click here to read full article.
The proposed rule includes provisions to assist lending institutions in identifying private flood insurance policies they would be required to accept. The proposal also would clarify that lenders retain their discretion to accept private flood insurance policies that do not meet the criteria for mandatory acceptance, provided certain conditions are met. Click here to read full article.
What the Jury’s Verdict Means for Bank Directors and Officers
On October 25, 2016, the jury for FDIC v. Loudermilk, et. al, the FDIC’s case against former directors and officers of The Buckhead Community Bank, reached a verdict. The jury found the former directors and two loan officers of BCB, to varying degrees, liable for $5 million of the $21 million in damages claimed by the FDIC. This verdict, and the case history preceding it, provides important insight into the status of Georgia’s business judgment rule and how bank directors and officers can best situate themselves to defend a potential claim. To learn more, click here. Guest article from CBA General Counsel and Associate Member James-Bates-Brannan-Groover-LLP.
On October 25, 2016, the jury for FDIC v. Loudermilk, et. al, the FDIC’s case against former directors and officers of The Buckhead Community Bank, reached a verdict. The jury found the former directors and two loan officers of BCB, to varying degrees, liable for $5 million of the $21 million in damages claimed by the FDIC. This verdict, and the case history preceding it, provides important insight into the status of Georgia’s business judgment rule and how bank directors and officers can best situate themselves to defend a potential claim. To learn more, click here. Guest article from CBA General Counsel and Associate Member James-Bates-Brannan-Groover-LLP.
Initiative Launched to Stop Backdoor Estate Tax Increase
Take action! ICBA is calling on community bankers to contact their congressional representatives to cosponsor H.R. 6100, sponsored by Rep. Warren Davidson (R-Ohio), which would block a Treasury proposal targeting family businesses for higher gift and estate taxes.
The Treasury-proposed rule would effectively end estate planning techniques commonly-used to transfer family-owned businesses (including community banks) from generation to generation. The proposed rule under Section 2704 of the tax code would disallow valuation discounts for minority stakes or stakes that are not marketable. Loss of these discounts will increase the tax on many estates by over 30 percent, resulting in forced sales and bank consolidation. Enter your address to locate your members of Congress and their phone number on this page. Call Now!
Take action! ICBA is calling on community bankers to contact their congressional representatives to cosponsor H.R. 6100, sponsored by Rep. Warren Davidson (R-Ohio), which would block a Treasury proposal targeting family businesses for higher gift and estate taxes.
The Treasury-proposed rule would effectively end estate planning techniques commonly-used to transfer family-owned businesses (including community banks) from generation to generation. The proposed rule under Section 2704 of the tax code would disallow valuation discounts for minority stakes or stakes that are not marketable. Loss of these discounts will increase the tax on many estates by over 30 percent, resulting in forced sales and bank consolidation. Enter your address to locate your members of Congress and their phone number on this page. Call Now!
OCC Reports Unauthorized Removal of 10K Records
Last week, the Office of the Comptroller of the Currency reported the unauthorized removal of more than 10,000 records by a former employee in the week leading up to his retirement.
The downloads occurred in November 2015 and was first detected on September 1, 2016, during an OCC-initiated retrospective review of employee downloads to removable media. The incident was referred to the Director of Office of Management and Budget, the Secretary of Homeland Security, the head of the Government Accountability Office, and Congress.
According to the OCC there is no evidence to suggest any non-public OCC information, including any personally identifiable information or controlled unclassified information has been disclosed to any member of the public or misused in any way, the OCC said. The OCC states that the incident has not adversely affected OCC systems or its mission, nor has the agency detected corruption of any data as a result of the incident. The retrospective review is still underway.
Last week, the Office of the Comptroller of the Currency reported the unauthorized removal of more than 10,000 records by a former employee in the week leading up to his retirement.
The downloads occurred in November 2015 and was first detected on September 1, 2016, during an OCC-initiated retrospective review of employee downloads to removable media. The incident was referred to the Director of Office of Management and Budget, the Secretary of Homeland Security, the head of the Government Accountability Office, and Congress.
According to the OCC there is no evidence to suggest any non-public OCC information, including any personally identifiable information or controlled unclassified information has been disclosed to any member of the public or misused in any way, the OCC said. The OCC states that the incident has not adversely affected OCC systems or its mission, nor has the agency detected corruption of any data as a result of the incident. The retrospective review is still underway.
NCUA Eases Membership Rules, Proposes to Go Further
Many fully expected the agency to approve the significant overhaul of its field of membership rule, but the regulator went one better, issuing a new proposal that raises the population limit on well-defined communities from 2.5 million to 10 million. Read more in American Banker.
Many fully expected the agency to approve the significant overhaul of its field of membership rule, but the regulator went one better, issuing a new proposal that raises the population limit on well-defined communities from 2.5 million to 10 million. Read more in American Banker.
Secure Payments Task Force Identifies Key Priorities
The 160-member task force convened by the Federal Reserve to advance the safety, security and resiliency of the national payment system is asking the industry for comments on its efforts to enhance payment identity management, data protection, and information sharing related to payments risk and fraud.
The Secure Payments Task Force has been working across payment industry segments to define challenges and develop potential solutions. An online survey has been created to gather comments on how the task force is addressing challenges related to the three focus areas. The goal is to help ensure that the solutions being pursued will meet industry needs. The survey will be open for comment through Tuesday, November 8. Click here to read full article.
The 160-member task force convened by the Federal Reserve to advance the safety, security and resiliency of the national payment system is asking the industry for comments on its efforts to enhance payment identity management, data protection, and information sharing related to payments risk and fraud.
The Secure Payments Task Force has been working across payment industry segments to define challenges and develop potential solutions. An online survey has been created to gather comments on how the task force is addressing challenges related to the three focus areas. The goal is to help ensure that the solutions being pursued will meet industry needs. The survey will be open for comment through Tuesday, November 8. Click here to read full article.
Why the MMF Reform is Likely to Benefit Community Banks
Now that the SEC’s new rules on money market funds (MMFs) have gone into effect, institutional cash managers are taking a new look at community banks. The October 2016 launch of the new SEC rules, coming after a two-year implementation period, changes how prime money market funds calculate value. Up to now, these funds have transacted at a stable net asset value (NAV)—meaning that they could be bought and sold at the same price, regardless of the movement in the underlying investments. Additionally, the new rules provide for redemption gates that can be enforced during times of financial stress on the funds, as well as liquidity fees. Click here for full article. Guest article provided by Endorsed Member Company Promontory Interfinancial Network, LLC.
Now that the SEC’s new rules on money market funds (MMFs) have gone into effect, institutional cash managers are taking a new look at community banks. The October 2016 launch of the new SEC rules, coming after a two-year implementation period, changes how prime money market funds calculate value. Up to now, these funds have transacted at a stable net asset value (NAV)—meaning that they could be bought and sold at the same price, regardless of the movement in the underlying investments. Additionally, the new rules provide for redemption gates that can be enforced during times of financial stress on the funds, as well as liquidity fees. Click here for full article. Guest article provided by Endorsed Member Company Promontory Interfinancial Network, LLC.
OCC Issues Responsible Innovation Framework
The Office of the Comptroller of the Currency announced it will establish an office dedicated to responsible innovation and implement a formal framework to improve the agency’s ability to identify, understand and respond to financial innovation affecting the federal banking system.
The Office of Innovation will be headed by a chief innovation officer assigned to OCC Headquarters with a small staff located in Washington, New York and San Francisco. The office will be the central point of contact and clearinghouse for requests and information related to innovation. It will also implement other aspects of the OCC’s framework for responsible innovation, which includes establishing an outreach and technical assistance program for banks and nonbanks. Resources will be available to community banks to help them with their third-party due diligence and ongoing monitoring of FinTech partners. The OCC expects the office to begin operations in first quarter 2017.
The Office of the Comptroller of the Currency announced it will establish an office dedicated to responsible innovation and implement a formal framework to improve the agency’s ability to identify, understand and respond to financial innovation affecting the federal banking system.
The Office of Innovation will be headed by a chief innovation officer assigned to OCC Headquarters with a small staff located in Washington, New York and San Francisco. The office will be the central point of contact and clearinghouse for requests and information related to innovation. It will also implement other aspects of the OCC’s framework for responsible innovation, which includes establishing an outreach and technical assistance program for banks and nonbanks. Resources will be available to community banks to help them with their third-party due diligence and ongoing monitoring of FinTech partners. The OCC expects the office to begin operations in first quarter 2017.
Go Digital and Save Money – Significant Tax Savings on New Signage
The Protecting Americans from Tax Hikes (PATH) Act of 2015 was signed into law on December 18, 2015 giving deductions to businesses that purchase qualifying equipment during 2016. The further good news is that this act also makes these qualifying deductions permanent, so that they are available to businesses for every tax year from now on. In order to take advantage of the tax breaks offered as a part of PATH, understanding Section 179 is not as difficult as you might think. Its purpose is to motivate American businesses to invest in equipment that grows their businesses, improves their bottom lines, and helps to stimulate the economy as a result. Click here for a whitepaper written by one of the digital sign suppliers used by DeNyse Companies. Guest article provided by Associate Member DeNyse Companies.
The Protecting Americans from Tax Hikes (PATH) Act of 2015 was signed into law on December 18, 2015 giving deductions to businesses that purchase qualifying equipment during 2016. The further good news is that this act also makes these qualifying deductions permanent, so that they are available to businesses for every tax year from now on. In order to take advantage of the tax breaks offered as a part of PATH, understanding Section 179 is not as difficult as you might think. Its purpose is to motivate American businesses to invest in equipment that grows their businesses, improves their bottom lines, and helps to stimulate the economy as a result. Click here for a whitepaper written by one of the digital sign suppliers used by DeNyse Companies. Guest article provided by Associate Member DeNyse Companies.
You Asked, We Listened!
The 2016 Georgia Financial Directory is your complete resource within the Georgia financial industry and contains information on banks, holding companies, savings & loans, banking products and services, and more. Need an extra copy for your office or sales team? Contact Lindsay Greene (770) 541-0376 or click here.
The 2016 Georgia Financial Directory is your complete resource within the Georgia financial industry and contains information on banks, holding companies, savings & loans, banking products and services, and more. Need an extra copy for your office or sales team? Contact Lindsay Greene (770) 541-0376 or click here.
Congratulations Commercial Lenders, Class of 2016!
Thank you to the community bank commercial lenders who attended the April and October 2016 Commercial Lending Schools. The next CBA Commerical Lending School is scheduled March 20-24, 2017. Please save the dates and make plans today to join us. To register, click here or contact the CBA Education Department.
Thank you to the community bank commercial lenders who attended the April and October 2016 Commercial Lending Schools. The next CBA Commerical Lending School is scheduled March 20-24, 2017. Please save the dates and make plans today to join us. To register, click here or contact the CBA Education Department.
April 2016 Graduates
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October 2016 Graduates
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Testimonials
“Jeffery Johnson is hands down the best instructor I have ever had. I would highly recommend taking any course he teaches.” Vance Green, Colony Bank, Fitzgerald “Commercial Lending School gives a great understanding to the Commercial Lending process. Mr. Johnson is the perfect instructor for this week-long course. He keeps the attention of the class, makes the topics as interesting as possible, and is a timely dynamic speaker.” Amber Herrington, Branch Manager/Mortgage Lender, Colony Bank, Cordele |
“This class exposes lenders to great speakers and resources to use in everyday work.” Cliff Knowlton, PrimeSouth Bank, Waycross “Commercial Lending School has insight and hands on approach. It works well for all levels of learning types. I really enjoyed the consultative selling aspects and utilizing field experts for specific topics. Jeffery Johnson is a knowledgeable, skilled presenter, passionate, excellent communicator and well-spoken within the industry.” Pat Ford, Business Development Officer and Commercial Loan Officer, Bank of Dudley |
Register for CBA'S 2017 Conventions!
Mark your calendars for our 2017 conventions! Keep an eye out for event details. Registration is now open!
Mark your calendars for our 2017 conventions! Keep an eye out for event details. Registration is now open!
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39th Annual Leadership Division Convention & Mini-Trade Show
Thursday - Sunday, June 22 - 25, 2017 The Ritz-Carlton, Amelia Island, FL 49th Annual Meeting & Trade Show Wednesday - Sunday, September 13 - 17, 2017 The Westin Copley Place, Boston, MA |
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Budgeting for next year?
The 2016 Salary Survey could be a useful tool! Order your copy today!
Community Bankers Association of Georgia (CBA) partnered again this year with associate member Nichols, Cauley & Associates, LLC to offer the 2016 Georgia Community Bank Salary Survey. It includes information on salary, bonus or additional compensation, qualified plans and additional benefits. This year’s survey includes an Executive Summary.
This can be a vital tool when determining competitive pay and benefits for employee recruitment and retention. Pricing is as follows: Member banks that completed the survey have already received their complimentary survey compilation.
Non-participating member banks: $250 | Associate Members: $250
Non-member banks & companies: $350
To order your copy, email Lindsay Greene or complete the online form.
The 2016 Salary Survey could be a useful tool! Order your copy today!
Community Bankers Association of Georgia (CBA) partnered again this year with associate member Nichols, Cauley & Associates, LLC to offer the 2016 Georgia Community Bank Salary Survey. It includes information on salary, bonus or additional compensation, qualified plans and additional benefits. This year’s survey includes an Executive Summary.
This can be a vital tool when determining competitive pay and benefits for employee recruitment and retention. Pricing is as follows: Member banks that completed the survey have already received their complimentary survey compilation.
Non-participating member banks: $250 | Associate Members: $250
Non-member banks & companies: $350
To order your copy, email Lindsay Greene or complete the online form.
FREE WEBINAR: Take your CRE to the next degree - Identifying loans and pinpointing key contacts to grow your CRE portfolio
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Join us for a webinar on Endorsed Member Company S&P Global Market Intelligence's new SNL Commercial Prospecting tool, a platform for powerful prospecting and smarter commercial lending.
We've taken loan origination and property data for 25 million CRE properties and combined this with over 15 million business listings. On our platform, this integrated information gives you an easy-to-use tool to screen for opportunities, make contacts with key decision makers and spend more time having productive conversations.
"In less than 2 months, I've already been able to close 4 CRE loans as a direct result of the Commercial Prospecting solution."
- A Relationship Manager, Community Bank
We've taken loan origination and property data for 25 million CRE properties and combined this with over 15 million business listings. On our platform, this integrated information gives you an easy-to-use tool to screen for opportunities, make contacts with key decision makers and spend more time having productive conversations.
"In less than 2 months, I've already been able to close 4 CRE loans as a direct result of the Commercial Prospecting solution."
- A Relationship Manager, Community Bank
Heritage Community Foundation Gives to Organizations
On October 6, 2016, Board Members of the Heritage Community Foundation met with Teresa Bestwick, Executive Director of Shining Light Ministries (SLM), and Linda Clark, owner of C&C Fence Company in McDonough, to commemorate the installation of a new privacy fence on the SLM property. C&C Fence Company, a Heritage Community Foundation Partner, agreed to provide and install the fence in a generous show of support to both the Heritage Community Foundation and SLM. According to Vanessa Jackson, SLM Board Member, the beautiful privacy fence is already providing much-needed privacy and protection for the residents of SLM.
On October 6, 2016, Board Members of the Heritage Community Foundation met with Teresa Bestwick, Executive Director of Shining Light Ministries (SLM), and Linda Clark, owner of C&C Fence Company in McDonough, to commemorate the installation of a new privacy fence on the SLM property. C&C Fence Company, a Heritage Community Foundation Partner, agreed to provide and install the fence in a generous show of support to both the Heritage Community Foundation and SLM. According to Vanessa Jackson, SLM Board Member, the beautiful privacy fence is already providing much-needed privacy and protection for the residents of SLM.
The Heritage Community Foundation also presented a grant to Judy Chambers, Chairman, and other members of the Fayette County Education Foundation Board on October 11, 2016. The $4,000 grant will be used to help fund Project Lead the Way (PLTW) in eleven Fayette County elementary, middle, and high schools. Specifically, the HCF grant will be used to purchase additional PLTW modules, with a focus on areas such as computer science, engineering, and biomedical science.
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Calumet Bank- Atlanta Weare Gratwick has joined the bank as Regional President. |
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Altamaha Bank & Trust- Vidalia Michael Thigpen has been named Chief Lending Officer. |
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BrandMortgage- Kennesaw Jennifer Williams has been named Account Executive. |
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PrivatePlus Mortgage- Atlanta Thalia Ouimet has been named Vice President & Mortgage Banker. |
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PrivatePlus Mortgage- Atlanta Allison Martin has been named Compliance Support Specialist. |
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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Fourth Quarter 2016
6th Annual Southeast Financial Human Resource Forum (1 ½ Days) Thursday-Friday, November 3-4 - Atlanta Senior Retail Banking Forum, Session III Tuesday, December 6 - Atlanta 4th Quarter Compliance Program – Anti Money Laundering / Bank Secrecy Act Tuesday, December 6 – Tifton Wednesday, December 7 – Macon Thursday, December 8 – Savannah Tuesday, December 13 – Rome Wednesday, December 14 - Duluth 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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Fall 2016
4th Quarter Banker Regulatory Forum with a Focus on Compliance Issues Thursday, November 3 - Atlanta First Quarter 2017 – Mark your calendar! 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
4th Quarter Banker Regulatory Forum with a Focus on Compliance Issues
Thursday, November 3- Atlanta
6th Annual Southeast Financial Human Resource Forum (1 ½ Days)
Thursday-Friday, November 3-4 - Atlanta
Senior Retail Banking Forum, Session III
Tuesday, December 6 - Atlanta
4th Quarter Banker Regulatory Forum with a Focus on Compliance Issues
Thursday, November 3- Atlanta
6th Annual Southeast Financial Human Resource Forum (1 ½ Days)
Thursday-Friday, November 3-4 - Atlanta
Senior Retail Banking Forum, Session III
Tuesday, December 6 - Atlanta
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