September 14, 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
CSI Secure Connect– Communications Tool
Making good on threats it had made previously, the Independent Community Bankers of America filed suit Wednesday against the National Credit Union Administration, claiming the agency's recent overhaul of its member business lending rules violate two different laws. Read more in American Banker.
OCC Takes Step Toward Creation of Fintech Charter
In a new proposal, the agency detailed how it plans to invoke an obscure banking law to levy receivership powers over non-insured national financial institutions – which could include fintech companies – if they were to fail. Read more in American Banker.
In a new proposal, the agency detailed how it plans to invoke an obscure banking law to levy receivership powers over non-insured national financial institutions – which could include fintech companies – if they were to fail. Read more in American Banker.
Atlanta Fed President Dennis Lockhart to Step Down
Dennis Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, announced Tuesday his intention to step down from his position effective February 28, 2017. After nearly 10 years of service at the Atlanta Fed, Lockhart plans to continue to pursue interests in public policy, civic work and private business. Read full article here.
Dennis Lockhart, president and chief executive officer of the Federal Reserve Bank of Atlanta, announced Tuesday his intention to step down from his position effective February 28, 2017. After nearly 10 years of service at the Atlanta Fed, Lockhart plans to continue to pursue interests in public policy, civic work and private business. Read full article here.
Fewer Americans Going Unbanked: FDIC
Fewer American households are doing without bank accounts, according to the FDIC. Previewing an agency report to be released next month, FDIC Chairman Martin Gruenberg said the rate of households without a bank account fell to 7 percent in 2015. This is down from the 7.7 percent unbanked rate reported in 2013 and from 8.2 percent in 2011.
The improvement occurred across population segments, including among households that are most likely to be unbanked. Rates of underbanked households, which have a bank account but also use alternative nonbank providers, are similar to those found in the 2013 survey, accounting for approximately one in five households.
Fewer American households are doing without bank accounts, according to the FDIC. Previewing an agency report to be released next month, FDIC Chairman Martin Gruenberg said the rate of households without a bank account fell to 7 percent in 2015. This is down from the 7.7 percent unbanked rate reported in 2013 and from 8.2 percent in 2011.
The improvement occurred across population segments, including among households that are most likely to be unbanked. Rates of underbanked households, which have a bank account but also use alternative nonbank providers, are similar to those found in the 2013 survey, accounting for approximately one in five households.
Wells Fargo Scam Displays Industry Inequality
Wells Fargo’s $185 million settlement for widespread illegal sales practices provides yet another example of the industry inequality that plagues the nation’s banking system. In a national news release, ICBA President and CEO Cam Fine said Wells Fargo’s conduct not only harms consumers, it also contributes to the rise in excessive community bank regulation.
According to state and federal allegations, Wells Fargo opened as many as 2 million fraudulent deposit and credit card accounts for consumers, then fired roughly 2 percent of its 268,000 employees for engaging in the megabank’s improper and illegal sales practices.
“While Wells Fargo has the luxury of throwing money at the problem to make it go away without its board or senior management being held accountable, the individuals and local institutions affected by its actions will continue to suffer for years to come,” Fine said. “Unfortunately for community banks and the millions of Americans harmed by Wells Fargo’s spurious conduct, this settlement is too little, too late.” Read ICBA Release. Read More on Settlement.
Wells Fargo’s $185 million settlement for widespread illegal sales practices provides yet another example of the industry inequality that plagues the nation’s banking system. In a national news release, ICBA President and CEO Cam Fine said Wells Fargo’s conduct not only harms consumers, it also contributes to the rise in excessive community bank regulation.
According to state and federal allegations, Wells Fargo opened as many as 2 million fraudulent deposit and credit card accounts for consumers, then fired roughly 2 percent of its 268,000 employees for engaging in the megabank’s improper and illegal sales practices.
“While Wells Fargo has the luxury of throwing money at the problem to make it go away without its board or senior management being held accountable, the individuals and local institutions affected by its actions will continue to suffer for years to come,” Fine said. “Unfortunately for community banks and the millions of Americans harmed by Wells Fargo’s spurious conduct, this settlement is too little, too late.” Read ICBA Release. Read More on Settlement.
Amendments to the 2013 Mortgage Rules Under Regulation X and Regulation Z – Final Rule
On August 4, 2016, the CFPB issued its final rule regarding amendments to the 2013 Mortgage Servicing Rules under the Real Estate Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z) (the “Amendments”). The Amendments, among other things, seek to clarify: (i) the protections provided to successors in interest, (ii) a bank’s duties with respect to borrowers in bankruptcy, (iii) a bank’s obligations regarding loss mitigation efforts, and (iv) how to calculate the length of a borrower’s delinquency. While the Amendments, in large part, only clarify existing rules that your bank has likely already adopted, it is worth reviewing the Amendments to ensure that your bank’s interpretation of these existing requirements comport with the CFPB’s interpretations as portrayed in the Amendments. Simultaneously with the issuance of the Amendments, the CFPB also issued an interpretive rule which reconciles a bank’s obligations regarding successors in interest under existing mortgage servicing rules with a bank’s obligations under the Fair Debt Collection Practices Act. To learn more, click here. Guest article from CBA General Counsel and Associate Member James-Bates-Brannan-Groover-LLP.
On August 4, 2016, the CFPB issued its final rule regarding amendments to the 2013 Mortgage Servicing Rules under the Real Estate Settlement Procedures Act (Regulation X) and the Truth in Lending Act (Regulation Z) (the “Amendments”). The Amendments, among other things, seek to clarify: (i) the protections provided to successors in interest, (ii) a bank’s duties with respect to borrowers in bankruptcy, (iii) a bank’s obligations regarding loss mitigation efforts, and (iv) how to calculate the length of a borrower’s delinquency. While the Amendments, in large part, only clarify existing rules that your bank has likely already adopted, it is worth reviewing the Amendments to ensure that your bank’s interpretation of these existing requirements comport with the CFPB’s interpretations as portrayed in the Amendments. Simultaneously with the issuance of the Amendments, the CFPB also issued an interpretive rule which reconciles a bank’s obligations regarding successors in interest under existing mortgage servicing rules with a bank’s obligations under the Fair Debt Collection Practices Act. To learn more, click here. Guest article from CBA General Counsel and Associate Member James-Bates-Brannan-Groover-LLP.
Regulators Issue Revised Information Security Booklet
Federal banking regulators issued a revised Information Security booklet as part of the FFIEC Information Technology Examination Handbook. The revised booklet addresses how financial institutions should assess security risks to their information systems. It also helps examiners evaluate the integration of information security programs into institutions’ overall risk management.
Federal banking regulators issued a revised Information Security booklet as part of the FFIEC Information Technology Examination Handbook. The revised booklet addresses how financial institutions should assess security risks to their information systems. It also helps examiners evaluate the integration of information security programs into institutions’ overall risk management.
Don’t wait on .BANK - Almost half of U.S. banks are doing this
In the past 18 months, more than 2,500 banks in the U.S. have registered more than 5,200 .BANK domain names – that’s almost half of the banks in the country. The movement is global too; U.S. banks are joined by 300 banks from around the world in this effort.
Their reasoning? .BANK, available exclusively for verified members of the global banking community, is the trusted, verified, and more secure option to support their online presence. By incorporating robust security measures such as mandatory verification, email authentication, and strong encryption – a .BANK domain name signals to their customers that consumer protection is paramount. Don’t wait on .BANK – learn more and register here.
In the past 18 months, more than 2,500 banks in the U.S. have registered more than 5,200 .BANK domain names – that’s almost half of the banks in the country. The movement is global too; U.S. banks are joined by 300 banks from around the world in this effort.
Their reasoning? .BANK, available exclusively for verified members of the global banking community, is the trusted, verified, and more secure option to support their online presence. By incorporating robust security measures such as mandatory verification, email authentication, and strong encryption – a .BANK domain name signals to their customers that consumer protection is paramount. Don’t wait on .BANK – learn more and register here.
Deadline to apply- December 1, 2016!
CBA Endorsed Member Company Investment Professionals, Inc. (IPI) is pleased to sponsor a scholarship for a Georgia community banker to attend the 2017 session of the Barret Graduate School of Banking as a first-year student.
The Barret School of Banking is a non-profit independent school created by and governed by a Board of Regents, whose members are executives from banks and other firms involved with the financial services industry. The mission of the School is to provide an adult learning experience for the career-oriented individual in commercial banking or a related financial services industry business.
The scholarship includes both tuition and housing for for a student for the first year at the 45th Annual Graduate Session of the Paul W. Barret, Jr. School of Banking which will be held May 21-26, 2017 at Christian Brothers University in Memphis, TN.
"We are delighted to offer this opportunity to a community banker in Georgia," stated Tara Tagle, Business Development Officer with Investment Professionals, Inc. "Our firm strongly supports continuing education and the relationships the banker makes while attending a graduate banking school of this caliber are invaluable. The knowledge and connections gained from The Barret Graduate School of Banking will benefit the recipient for years to come."
For more information on The Barret School of Banking, click here. The deadline to apply is December 1, 2016. Find the application here.
CBA Endorsed Member Company Investment Professionals, Inc. (IPI) is pleased to sponsor a scholarship for a Georgia community banker to attend the 2017 session of the Barret Graduate School of Banking as a first-year student.
The Barret School of Banking is a non-profit independent school created by and governed by a Board of Regents, whose members are executives from banks and other firms involved with the financial services industry. The mission of the School is to provide an adult learning experience for the career-oriented individual in commercial banking or a related financial services industry business.
The scholarship includes both tuition and housing for for a student for the first year at the 45th Annual Graduate Session of the Paul W. Barret, Jr. School of Banking which will be held May 21-26, 2017 at Christian Brothers University in Memphis, TN.
"We are delighted to offer this opportunity to a community banker in Georgia," stated Tara Tagle, Business Development Officer with Investment Professionals, Inc. "Our firm strongly supports continuing education and the relationships the banker makes while attending a graduate banking school of this caliber are invaluable. The knowledge and connections gained from The Barret Graduate School of Banking will benefit the recipient for years to come."
For more information on The Barret School of Banking, click here. The deadline to apply is December 1, 2016. Find the application here.
2016 Georgia Community Bank Salary Survey Now Available!
Order your copy today!
Community Bankers Association of Georgia (CBA) is pleased to partner again this year with associate member Nichols, Cauley & Associates, LLC 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 includes information on salary, bonus or additional compensation, qualified plans and additional benefits. Banks are categorized by asset size as well as Metro-Atlanta and non-Metro Atlanta. This year’s survey includes an Executive Summary.
The survey 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.
Order your copy today!
Community Bankers Association of Georgia (CBA) is pleased to partner again this year with associate member Nichols, Cauley & Associates, LLC 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 includes information on salary, bonus or additional compensation, qualified plans and additional benefits. Banks are categorized by asset size as well as Metro-Atlanta and non-Metro Atlanta. This year’s survey includes an Executive Summary.
The survey 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 from The Baker Group: Regulatory Focus - Liquidity Risk Management
Tuesday, September 27, 2016 | 10:30-11:45 a.m. CDT
Liquidity risk management has arisen as a hot button area during recent regulatory examinations. Regulators are expecting institutions to have a robust liquidity risk management program. The current regulatory guidance emphasizes the importance of cash flow projections, diversified funding sources, stress testing, maintaining a cushion of liquid assets, and a formal well-developed contingency funding plan. This webinar is designed to educate and inform financial institutions on the regulatory expectations surrounding liquidity risk management and provide real-world examples on how to comply.
Topics include: Outstanding Liquidity Risk Management Regulatory Guidance; Elements of a Sound Liquidity Risk Management Program; Contingency Funding Plan Expectations and How to Model Liquidity Crisis Events; A Demonstration of Sources and Uses Reporting; Case Study on Stress Testing Liquidity; Alternative Funding Sources and Why You Need to Establish Them.
To learn more and register, click here. Please list Paul Clanton as your Baker Representative to complete the registration.
Tuesday, September 27, 2016 | 10:30-11:45 a.m. CDT
Liquidity risk management has arisen as a hot button area during recent regulatory examinations. Regulators are expecting institutions to have a robust liquidity risk management program. The current regulatory guidance emphasizes the importance of cash flow projections, diversified funding sources, stress testing, maintaining a cushion of liquid assets, and a formal well-developed contingency funding plan. This webinar is designed to educate and inform financial institutions on the regulatory expectations surrounding liquidity risk management and provide real-world examples on how to comply.
Topics include: Outstanding Liquidity Risk Management Regulatory Guidance; Elements of a Sound Liquidity Risk Management Program; Contingency Funding Plan Expectations and How to Model Liquidity Crisis Events; A Demonstration of Sources and Uses Reporting; Case Study on Stress Testing Liquidity; Alternative Funding Sources and Why You Need to Establish Them.
To learn more and register, click here. Please list Paul Clanton as your Baker Representative to complete the registration.
4th Quarter Training Plans - Are you Ready?
As we approach the end of the year, many community bankers revisit their training plans to identify 4th quarter training opportunities for new and seasoned employees. The CBA University has a number of face-to-face programs and webinars designed to strengthen the knowledge and skills of community bankers…..from the teller line to the board room! To learn more, we invite you to visit the CBA University website. Click here to select a face-to-face program and click here to select a webinar. For assistance, contact the CBA University Education Department.
As we approach the end of the year, many community bankers revisit their training plans to identify 4th quarter training opportunities for new and seasoned employees. The CBA University has a number of face-to-face programs and webinars designed to strengthen the knowledge and skills of community bankers…..from the teller line to the board room! To learn more, we invite you to visit the CBA University website. Click here to select a face-to-face program and click here to select a webinar. For assistance, contact the CBA University Education Department.
Protecting Your Most Valuable Assets From Active Shooters and Workplace Violence
Thursday, October 20, 2016| JHTC at CBA Headquarters, Atlanta | NEW ½ day Seminar
To protect your most valuable assets, your employees and customers, whether at work or home, the most important factor is to recognize signs of violence in advance and becoming proficient in de-escalation techniques and skills. Mastering these skills is critical as they can be the most important factors in either calming or fueling anger levels.
This ½ day program is designed to train you and others for the worst case scenario while hoping for the best. During this three-hour program, you will learn why fractions of a second make a difference and how to create those seconds in order to react and follow a prescribed method to be ready and to survive. The speakers will also cover Practical Personal Defense designed to keep your employees safe while away from work via preparation for an incident of violence primarily through awareness, avoidance, and mental strength building. If your employees are your most valuable assets, they are just as important while they are away from work as they are while at work. This material includes 100% practical, highly effective tactics and techniques which are not dependent on what your opponent does. And finally, in the event of the worst case of a real violent encounter, how do you prepare and ultimately defeat your attacker if required in order to saves lives! This is all about tactics! Make plans today to join Terry Choate and Joe Hileman, Founding Partners of BLUE-U Defense, LLP for this informative program. Click here to register or contact the CBA Education Department.
Thursday, October 20, 2016| JHTC at CBA Headquarters, Atlanta | NEW ½ day Seminar
To protect your most valuable assets, your employees and customers, whether at work or home, the most important factor is to recognize signs of violence in advance and becoming proficient in de-escalation techniques and skills. Mastering these skills is critical as they can be the most important factors in either calming or fueling anger levels.
This ½ day program is designed to train you and others for the worst case scenario while hoping for the best. During this three-hour program, you will learn why fractions of a second make a difference and how to create those seconds in order to react and follow a prescribed method to be ready and to survive. The speakers will also cover Practical Personal Defense designed to keep your employees safe while away from work via preparation for an incident of violence primarily through awareness, avoidance, and mental strength building. If your employees are your most valuable assets, they are just as important while they are away from work as they are while at work. This material includes 100% practical, highly effective tactics and techniques which are not dependent on what your opponent does. And finally, in the event of the worst case of a real violent encounter, how do you prepare and ultimately defeat your attacker if required in order to saves lives! This is all about tactics! Make plans today to join Terry Choate and Joe Hileman, Founding Partners of BLUE-U Defense, LLP for this informative program. Click here to register or contact the CBA Education Department.
Don't Miss CBA's Commercial Lending School- October 24-28!
CBIZ Celebrates 20 Year Anniversary
CBIZ, a CBA Endorsed Member Company, is in New York this week to host their Analyst & Investor Day and to ring the New York Stock Exchange Opening Bell for their 20th anniversary.
CBIZ, a CBA Endorsed Member Company, is in New York this week to host their Analyst & Investor Day and to ring the New York Stock Exchange Opening Bell for their 20th anniversary.
Sympathies
The CBA family was saddened by the loss of two dear friends last week:
CBA expresses our sincere sympathy to family, friends and co-workers of Edward J. "Jerry" Harrell, Martin Snow, LLP in Macon, who recently passed away. Jerry served as the CBA’s General Counsel for many years.
CBA also expresses our sincere sympathy to family, friends and co-workers of Gary Pannell of the Jones Walker law firm, who recently passed away. Gary was a staunch supporter of community banking and provided legislative guidance to the CBA for many years.
The CBA family was saddened by the loss of two dear friends last week:
CBA expresses our sincere sympathy to family, friends and co-workers of Edward J. "Jerry" Harrell, Martin Snow, LLP in Macon, who recently passed away. Jerry served as the CBA’s General Counsel for many years.
CBA also expresses our sincere sympathy to family, friends and co-workers of Gary Pannell of the Jones Walker law firm, who recently passed away. Gary was a staunch supporter of community banking and provided legislative guidance to the CBA for many years.
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BrandMortgage- Columbia Joe Chambers has been named Mortgage Banker. |
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State Bank Financial Corporation - Atlanta
Anne Hydrick Kaiser has been elected to State Bank Financial Corporation Board of Directors. |
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.
September/October 2016
Compliance Program – Quarter III – Deposit Regulations
Wednesday, September 14 – Macon
Thursday, September 15 – Savannah
Tuesday, September 20 – Rome
Wednesday, September 21 - Duluth
Credit Administration Workshop
Wednesday-Thursday, September 14-15 - Atlanta
Commercial Real Estate Lending – Cash Flow & Appraisal Bootcamp
Wednesday-Thursday, September 21-22 - Atlanta
9th Annual Advanced BSA Officer School
Tuesday-Friday, October 4-7 – St. Simons Island
Protecting Your Most Valuable Assets From Active Shooters & Workplace Violence
Thursday, October 20 – Atlanta
Commercial Lending School
Monday-Friday, October 24-28 – Atlanta
2016 Webinars
Click here to view webinar listing and to register.
2016 On-Line Training
Click here for on-line training with Bankers Edge
(Bankers Edge is a CBA Endorsed Member Company)
Compliance Program – Quarter III – Deposit Regulations
Wednesday, September 14 – Macon
Thursday, September 15 – Savannah
Tuesday, September 20 – Rome
Wednesday, September 21 - Duluth
Credit Administration Workshop
Wednesday-Thursday, September 14-15 - Atlanta
Commercial Real Estate Lending – Cash Flow & Appraisal Bootcamp
Wednesday-Thursday, September 21-22 - Atlanta
9th Annual Advanced BSA Officer School
Tuesday-Friday, October 4-7 – St. Simons Island
Protecting Your Most Valuable Assets From Active Shooters & Workplace Violence
Thursday, October 20 – Atlanta
Commercial Lending School
Monday-Friday, October 24-28 – Atlanta
2016 Webinars
Click here to view webinar listing and to register.
2016 On-Line Training
Click here for on-line training with Bankers Edge
(Bankers Edge is a CBA Endorsed Member Company)
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Fall 2016
Fall PAC/PR Clay Shoot Tuesday, October 4 – Burge Plantation, Mansfield 4th Quarter Community Bank Leadership Academy Wednesday, October 19 - Macon 4th Quarter Banker Regulatory Forum with a Focus on Compliance Issues Thursday, November 3 - Atlanta |
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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
Compliance Program – Quarter III – Deposit Regulations
Thursday, September 15 – Savannah
Tuesday, September 20, 2016 – Rome
Wednesday, September 21, 2016 – Duluth
Commercial Real Estate Lending – Cash Flow & Appraisal Bootcamp
Wednesday-Thursday, September 21-22 - Atlanta
Compliance Program – Quarter III – Deposit Regulations
Thursday, September 15 – Savannah
Tuesday, September 20, 2016 – Rome
Wednesday, September 21, 2016 – Duluth
Commercial Real Estate Lending – Cash Flow & Appraisal Bootcamp
Wednesday-Thursday, September 21-22 - Atlanta
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