October 22, 2014 Events CBA University Industry Representation Legislative Updates Member Services About CBA Conferences Conventions Schools Webinars Banker Regulatory Forums Compliance Superior Products... Significant Discounts Peer Analysis A CBA Endorsed Member Company CBA's Fall Sporting Clay Shoot Only Eight Days Away! Only eight days away until CBA's Leadership Division will host its Fall Sporting Clay Shoot on Thursday, October 30 th at the beautiful Spring Bank Sporting Club in Barnsley Gardens, Adairsville. Shooters will have a premier experience with Barnsley Gardens being host to one of the top sporting clays facilities in the Southeast! The 12-station clays course boasts a diverse layout of shots in the open field, under a natural canopy in the woods and over water with two reclaimed bauxite mine ponds. A covered five-stand layout overlooks a larger pond and will be perfect for shooting in this brisk cool fall weather. Register today, and bring along three friends to form a team! Click here for more information on the event or contact Peake Wilson . Let's support our Leadership Division in raising funds for PAC/PR. CBA maintains the ONLY state PAC working exclusively for Georgia’s community banks. Register today ! CBA thanks our current sponsors for the event. Contact Lindsay Greene to learn about other sponsorship opportunities. Premier Sponsor 12-Gauge Sponsors 20-Gauge Sponsors Upcoming Events 4 th Annual SE Financial Workplace Law & Compliance Conference October 23-24 The Georgian Club Consumer Lending School October 27-31 Atlanta CBA Resources 2014 Georgia Financial Directory Career Center FDIC Regulatory Calendar Salary Survey
Transcript
October 22, 2014
Events
CBA University
IndustryRepresentation
Legislative Updates
Member Services
About CBA
Conferences
Conventions
Schools
Webinars
Banker RegulatoryForums
Compliance
Superior Products...Significant Discounts
Peer Analysis
A CBA EndorsedMember Company
CBA's Fall Sporting Clay Shoot Only Eight Days Away!Only eight days away until CBA's Leadership Division will host its Fall Sporting ClayShoot on Thursday, October 30th at the beautiful Spring Bank SportingClub in Barnsley Gardens, Adairsville. Shooters will have a premier experience withBarnsley Gardens being host to one of the top sporting clays facilities in theSoutheast! The 12-station clays course boasts a diverse layout of shots in the openfield, under a natural canopy in the woods and over water with two reclaimed bauxitemine ponds. A covered five-stand layout overlooks a larger pond and will be perfect forshooting in this brisk cool fall weather. Register today, and bring along three friends toform a team!
Click here for more information on the event or contact Peake Wilson. Let's supportour Leadership Division in raising funds for PAC/PR. CBA maintains the ONLY statePAC working exclusively for Georgia’s community banks. Register today! CBAthanks our current sponsors for the event. Contact Lindsay Greene to learn aboutother sponsorship opportunities.
ICBA Banker Alert: STOP Farm Credit System Expansion
FCS is seeking to make any type of business, community &infrastructure “investments” (loans). The Farm Credit Administration(FCA), regulates the Farm Credit System (FCS) and has issued aproposed regulation with comments due October 23rd. The FCA’sproposal finalizes the FCS’s long sought after ability to make virtuallyany type of loan for any purpose as long as the loan is labeled as a
“bond” or an “investment.”
Background – Several years ago FCA began allowing FCS to conduct pilot projects tofinance various investments, which included: manufacturing plants; apartmentcomplexes; hospitals, health care; non-ag businesses; restaurants, hotels,commercial buildings, commercial real estate; vet clinics, road graders/contractors;doctors and lawyers offices; bridges; etc.
FCA’S 2008 proposed rule would have instituted authority to approve these pilotprojects permanently. FCA received approximately 10,000 banker letters in oppositionand announced last November withdrawal of the proposal. However FCA alsoannounced they’d approve ‘investment’ requests on a case-by-case basis. FCAissued a “guidance memo” in September notifying FCS lenders they could requestapproval to make virtually any business, community, or infrastructure loan(investment). FCA’s strategy is to implement the broad-based investment authoritythrough their guidance memo while avoiding disclosing the scope of their investmentauthority in the proposed regulation.
ICBA has drafted comment letters for bankers to use to oppose FCA’s proposed ruleand guidance memorandum. Note: Please don’t send these letters until October 22ndto avoid alerting FCS that many banker letters will be sent to FCA.
Sample comment letters (include your bank’s name):
Letter #1 | Letter #2
Please have your officers, board members and bank staff also send letters.
Click here to send comment letters. THANK YOU!
Order Your Copy of the 2014 Georgia Community Bank SalarySurvey Today!
CBA is pleased to partner with associate member Nichols,Cauley & Associates, LLC to offer the 2014 GeorgiaCommunity Bank Salary Survey.
The Salary Survey is a compilation of current salaries andgeneral benefits for common positions within Georgia'scommunity banks. The survey includes information onsalary, bonus or additional compensation, qualified plansand additional benefits. Banks are categorized by asset sizeas well as Metro-Atlanta and non-Metro Atlanta.
The survey can be a vital tool when determining competitive pay and benefits foremployee recruitment and retention.
Pricing is as follows:
Participating member banks - FREE!Non-participating member banks - $250Associate Members - $250Non-member banks & companies - $350
Click here to order a copy of the 2014 Bank Executive Compensation Survey!
Fed's Powell: Regulators Shouldn't Mandate Small Bank StressTestsAmerican Banker reports community banks, by and large, loathe the notion ofmandatory stress testing. Federal Reserve Board Gov. Jerome Powell understandsthat view. Powell, during a recent conference call, toldattendees that "large-bank supervisory approaches arejust not appropriate" for community banks, singling outstress tests as a prime example of something that allregulators want to keep out of small bank exams.
"We do very complex stress tests for the largestbanks which require literally hundreds of people towork on them," Powell said, addressing concerns that standards for big institutionscould became a requirement for smaller ones. "We've done everything we can to makesure those expectations don't migrate to community banks … and don't becomebaseline supervisory expectations for smaller institutions."
Many small banks would struggle to satisfy the stress-testing requirement. Chris Cole,senior regulatory counsel at the Independent Community Bankers of America saidstress testing would require small banks to expend scores of work hours and hirecostly third-party consultants. Powell's comments are heartening for communitybankers concerned about increased regulatory burden. Unfortunately for the industry'soptimists, Powell conceded that, for all their resolve, there is no way to guarantee thatstress testing will not eventually creep into community bank exams. Click here to readthe full article.
Consumer Financial Protection Bureau Finalizes Rule to PromoteMore Effective Privacy DisclosuresOn Monday, the Consumer Financial Protection Bureau (CFPB) finalized a rule topromote more effective privacy disclosures from financial institutions to theircustomers. The new rule, which was proposed in May, allows companies that limittheir consumer data-sharing and meet other requirements to post their annual privacynotices online rather than delivering them individually.
“Consumers need clear and accessible informationabout how their personal information is being used inthe marketplace, but some of these requirements wereredundant,” said CFPB Director Richard Cordray. “Posting privacy notices online willmake it easier for consumers to access these important policies, while also making itcheaper for financial institutions to provide disclosures.”
The Gramm-Leach-Bliley Act (GLBA) generally requires that financial institutions sendannual privacy notices to customers. These notices must describe whether and howthe financial institution shares consumers’ nonpublic personal information. If theinstitution does share this information with an unaffiliated third party, it typically mustnotify consumers of their right to opt out of the sharing and inform them of how to doso.
Under the CFPB’s new rule, financial institutions will be able to post privacy noticesonline instead of distributing an annual paper copy, if they satisfy certain conditions
such as not sharing data in ways that would trigger consumers’ opt-out rights. Thenew rule applies to both banks and those nonbanks that are within the CFPB’sjurisdiction under the GLBA. Institutions that choose to rely on this new method ofdelivering privacy notices will be required to use the model disclosure form developedby federal regulatory agencies in 2009. Click here to read the full article.
New ICBA Video Highlights Millennial StudyMillennials are the future of finance, and community banks can be their strongestfinancial ally, ICBA staff said in a new online video. In a video on the association’snew American Millennials and Banking study, ICBA’s Chris Lorence and Aleis Stokesnote that the study dispels myths about millennials and shows that they are a good fitfor community banks.
The study found that more than half of millennials saidthey would prefer to work with a community bank andthat generation is the most interested in learning aboutstarting up and running a small business.
A white paper and infographic on the study results areavailable on ICBA’s American Millennials and Banking webpage. Watch Video andRead Study Results.
CBA's Marketing Conference a Big Success!CBA hosted a successful marketing conference held October 16-17, at The ChateauElan in Braselton. Designed with community bank marketers in mind, bankers had theopportunity to learn ideas to help stay current on marketing trends through severalinformative speakers, relevant topics and a valuable peer networking session.
CBA's exceptional line-up of speakers included Sharon Cook, "Fire Plan: ManagingReputational Risk to Escape with Minimal Harm”; Stephen Terry and JohnTomlinson, "Maximizing Your Community Bank's Social Media MarketingStrategy”; Ben Pankonin, "Leveraging Social Media to Grow CustomerRelationships"; Craig Eversole, Peer Exchange; and, Stephen Nikitas, "How toMake Marketing Relevant and Responsive to the Bottom Line."
"This was the best marketing event I’ve ever attended," stated DixieSorrow, Assistant Vice President, Public Relations & Marketing Director, HeritageFirst Bank, Rome. "The presenters were right on target with timely, practicalinformation we could take back to the office and put to use right away!"
After the very popular and engaging peer exchange, bankers enjoyed a winery tour anddinner where they had a more informal networking opportunity to connect with other
attendees. The CBA would like to thank all attendees and speakers and sends aspecial thanks to our dinner sponsor, Fiserv!
Scenes from the 2014 Marketing Conference
Congratulations to the Graduates of the 6th Annual CBA Deposit& Lending Compliance School!Earlier this month, community bank compliance officers traveled to Brasstown ValleyResort and Spa in Young Harris to attend this informative school. The CBA developedthis school in conjunction with Professional Bank Services, Inc., a consulting andeducational services firm based in Louisville, Kentucky.
The school offers a unique, broad-based curriculum with topic selection largelyinfluenced by those areas currently being emphasized by regulators and focuses onfederal deposit and lending laws and regulations. “We believe this school provides aunique interactive training environment to assist community banks in meeting theircompliance responsibilities,” said Rob Braswell, President and CEO of CBA.
In addition to learning all about federal deposit and lending regulations, the studentsenjoyed networking activities such as a hayride, dinner and s’more’s by bonfire andhorseback riding. The CBA extends a warm “thank you” to the speakers: JoequettaJackson and Anetria Connell, Vice President’s, Professional Bank Services,Louisville, KY; Michael White, Of Counsel, James-Bates-Brannan-Groover LLP,Macon and Leslie Greer, Supervisory Examiner, FDIC, Atlanta Central Territory.Details regarding the 2015 CBA Compliance School will be available soon. Forimmediate assistance, please contact Jodi Swilley.
Chattahoochee Bank of Georgia Welcomes Partner in EducationFair Street IB World School's Peace ParadeChattahoochee Bank of Georgia officers Greg Barrett, Jody Lail and Jay Cooperwelcomed Fair Street IB World School Principal Will Campbell along with students,faculty and staff for the third annual Peace Parade on Friday, September 19, 2014.The parade was held in celebration of the International Day of Peace and was formedas part of the IB Unit of Inquiry entitled “Give Peace a Chance”. The bank united withFair Street Elementary as Partners in Education shortly after opening for business inSeptember 2008 and supports the school through fundraising and other efforts to helpprovide quality education for the students.
ALLL Qualitative Factors: Justifying in Periods of Low LossWednesday Oct 29, 2014 | 11amJoin Sageworks as they cover qualitative factors’inherent subjectivity and ways to add objectivity, bestpracticesfor justifying assumptions in times of low losses,regulatory expectations and what other banks’ qualitative factors were like thisyear. Register today!
Federal Home Loan Bank of AtlantaRick Whaley, President, Chief Executive Officer and Director, TheCitizens Bank of Americus, has been re-elected to fill the memberdirectorship for the state of Georgia.
Atlantic Capital Bank - AtlantaPresident and CEO Doug Williams has been appointed to theFederal Reserve Board's Community Depository InstitutionsAdvisory Council for 2015.
BrandBank - LawrencevilleChris Maddox has joined the bank's executive sales team asSenior Vice President/Community Bank Executive in BarrowCounty.
Heritage Financial Group, Inc., holding company forHeritageBank of the South - AlbanyBrian D. Schmitt has been named Executive Vice President,Atlanta Market CEO and Director of Mergers & Acquisitions.
Community Bank of the South - SmyrnaAlan Black has joined the bank as Vice President, Bartow CountyMarket Manager.
Community & Southern Bank - AtlantaTomeka Cherry has been named Human Resources Director.
First State Bank of Randolph County - CuthbertDebra Middleton has been named Vice President and will work inloans and as BSA/Compliance Officer.
First Landmark Bank - MariettaAs of October 20, 2014, the Midtown Banking Center, led byMarket President Randy Harris, began operating as MidtownBank, a division of First Landmark Bank; the Sandy SpringsBanking Center, led by Market President Chris Burnett, beganoperating as Bank of Sandy Springs, a division of First LandmarkBank. The Cobb Banking Center continues to operate as FirstLandmark Bank, where Market President Terri Bunten Guthriewill lead.
R. Stanley Kryder became President and Chief Executive Officerof First Landmark Bank and Terrence Y. DeWitt becameExecutive Vice President and Chief Financial Officer. Ronald H.Francis remains Chairman of the Board, and Joseph D.Chipman, Jr., began serving as Vice Chairman of the Board.
Send Us Your News Please remember to include the Community Bankers Association of Georgia on thelist of recipients for announcements about promotions, new employees, specialrecognition your bank has received and/or events for your community. We would loveto share your news with your colleagues across the state! Please forward yourannouncements and photos to Shera Banks or Lindsay Greene.
OCTOBER 2014
4th Annual SE Financial Workplace Law & Compliance Conference (1 ½ days)Thursday-Friday, October 23-24, 2014 – The Georgian Club, Atlanta
Consumer Lending School (4 ½ days)Monday-Friday, October 27-31, 2014 – JHTC at CBA Headquarters, Atlanta
FDIC Consumer Protection Workshop (1 ½ days)Wednesday- Thursday, October 29-30, 2014 – Idle Hour Country Club, Macon
NOVEMBER 2014
Consumer and Commercial Loan DocumentationTuesday-Wednesday, November 4-5, 2014 – JHTC at CBA Headquarters, Atlanta
Banker Regulatory ForumThursday, November 6, 2014 - JHTC at CBA Headquarters, Atlanta
DECEMBER 2014
Creative Collections (NEW ½ day seminar)Tuesday, December 2, 2014 – JHTC at CBA Headquarters, Atlanta
Allowance for Loan and Lease Losses (ALLL)(New)Thursday, December 4, 2014 – JHTC at CBA Headquarters
Compliance Program IV: Topic: Anti-Money Laundering/Bank Secrecy ActHeld in Five Convenient Cities
Tuesday, December 2, 2014 - RomeWednesday, December 3, 2014 - Duluth
Tuesday, December 9, 2014 - MaconWednesday, December10, 2014 - Albany
Thursday, December 11, 2014 – Brunswick (New Location)
WATCH FOR 2015 EDUCATIONAL OPPORTUNITIESFor assistance, please contact the CBA Education Department
