2/25/2015 CBA Today eNewsletter February 25, 2015 Community Bankers Association of Georgia February 25, 2015 Events CBA University Industry Representation Legislative Updates Member Services About CBA Conferences Conventions Schools Webinars Banker Regulatory Forums Compliance Superior Products... Significant Discounts Cash Flow Analysis A CBA Endorsed Member Company Compliance Management School Are You Registered Yet? The CBA will host the INAUGURAL COMPLIANCE MANAGEMENT SCHOOL on TuesdayThursday, March 2426, 2015 at the Hyatt Atlanta Perimeter at Villa Christina, Atlanta. The deadline to receive the CBA discounted hotel rate is March 3, 2015 or until the room block is full. Don’t miss this opportunity to attend a new threeday school designed specifically to provide Community Bank Compliance Professionals best practices, tips and tools to help them manage their important compliance responsibilities and to help you minimize your compliance risk. The CBA encourages you to make your hotel reservation today and to register for the School by March 10th. Seating is limited! To learn more and to register, click here or contact Jodi Swilley. Upcoming Events 2nd Annual Women in Banking Program March 5 Macon Allowance for Loan & Lease Losses (ALLL) March 5 Atlanta The Easy Legislative Fix that Could Save Community Banks Call it the Sheila Bair Small Bank Regulatory Relief Act of 2015. The former chairman of the Federal Deposit Insurance Corp. is calling for a legislative solution she argues could significantly diminish regulatory burden on community banks: giving regulators the power to exempt institutions with less than $10 billion of assets from existing and new regulations. Doing so would make it far easier for the agencies to carve out small banks from regulations like the Volcker Rule or Basel III that many policymakers — and even regulators themselves — say should only be applied to larger institutions. "That might give regulators the ability to craft simpler rules for banks with much simpler business models," said Bair, who raised the idea during an interview with American Banker. Small banks are currently lobbying Congress for regulatory relief, arguing that many of the new rules instituted by the DoddFrank Act are causing compliance costs to skyrocket and forcing many to consider mergers. But their requests generally focus on specific areas they are hoping lawmakers will address, like requirements to send privacy notices and a change in how mortgage servicing rights are treated in capital rules. Click here to read the full article. Connect with CBA on Social Media! CBA Resources 2014 Georgia Financial Directory Career Center FDIC Regulatory Calendar Salary Survey Counting Down the Top Ten Reasons to Attend CBA's 2nd Annual Women in Banking Seminar DeDe gives Reason #4 to attend this fun and informative event... http://www.cbaofga.com/page/022515CBAT 1/9 2/25/2015 CBA Today eNewsletter February 25, 2015 Community Bankers Association of Georgia WomenInBanking Top 3 from CBA of GA 01:38 A very big, special “thank you” to our sponsors! Luncheon Continental Breakfast Speaker CoSponsor Speaker CoSponsor Goodie Bags Sponsor Lawmakers Clash Over Easing Rules for Smaller Banks The Wall Street Journal reports prospects for legislation to ease rules on small banks are dimming amid rifts on Capitol Hill, underscoring the rocky road the industry faces in the new Republicancontrolled Congress. Lawmakers, who have been receptive to arguments from small and midsize banks to reduce the regulatory burden of stress tests, mortgage restrictions and other new rules, are now at odds about how far to take those efforts. Liberal Democrats are resisting what they view as attempts to curb regulators’ authority, such as requiring costbenefit analyses that could slow down new rules or placing new limits on the budget of the Consumer Financial Protection Bureau. Republican leaders are considering farreaching policy changes—in some cases going beyond what banks are asking for—that could doom any chance of getting the Democratic support needed to pass the Senate and gain White House support. The threats to regulatory relief have crystallized in public hearings and private meetings in the capital this month, demonstrating that only narrow changes may win the support needed to become law. OCC Recalls Consumer Credit Booklet Released in Error The Office of the Comptroller of the Currency removed from its website a “Deposit Related Consumer Credit” booklet it recently issued. On Feb. 11, the OCC issued the Comptroller’s Handbook booklet, which replaced the “Check Credit” booklet issued in March 1990. The booklet provided updated guidance and examination procedures to assess a bank’s depositrelated consumer credit activities, including overdraft services. However, on Feb. 20, the OCC removed the booklet from its website. The agency said that since the booklet is not intended to establish new policy, OCC is revising the booklet to clarify and restate existing laws, rules and policy. The agency expects to post the revised booklet within the next two weeks, it said. http://www.cbaofga.com/page/022515CBAT 2/9 2/25/2015 CBA Today eNewsletter February 25, 2015 Community Bankers Association of Georgia ICBA and CBA of Georgia Encourage Americans to Save During America Saves Week The Independent Community Bankers of America® (ICBA) and Community Bankers Association of Georgia are proud to add the community banker voice to the list of organizations nationwide that are encouraging Americans to save as part of America Saves Week, February 2328. This nationwide campaign, which began in 2007, features a broad coalition of nonprofit, corporate and government organizations that are committed to raising awareness for the importance of creating savings funds, building emergency funds and assessing savings plans. “It’s never too late to develop good saving habits to achieve financial stability,” ICBA Chairman John Buhrmaster, President and CEO of 1st National Bank of Scotia, N.Y., said. “By participating in America Saves Week, the nation’s more than 6,500 community banks continue to raise awareness of the importance of savings and offer consumers tips on how to reach savings goals. We encourage customers to speak with their community bank about how they can begin a savings strategy or build on what they are already doing to save for the future.” America Saves Week is an annual opportunity to help promote positive savings behavior and for consumers to assemble their own savings plans. Learn more about why saving is so important and how to get started on building a nest egg at www.americasavesweek.org. ICBA and CBA of GA offer the following tips to help consumers get started on their personal savings: 1. Set a goal: People are more successful when they have certain goals in mind, so create and share a savings goal with your family and friends. Start small—even saving your loose change can get you somewhere. Aim to start a path toward building an emergency fund of savings with six to nine months of living expenses. 2. Make a plan: By creating a spending plan, list your expenses and compare them to your income. The plan will help prioritize what are necessities and wants for the month. Attempt to use your credit cards more efficiently, too. Doing that can help ensure that you will not take on too much debt and can minimize interest charges. 3. Save automatically: Many employers offer regular payroll deduction, which is one of the best ways to start and keep saving money. Make it a routine to automatically put aside a certain amount of money each paycheck, or ask your community bank to make an automatic transfer from your checking to savings account each month. Start saving today! Up for Some Friendly Competition and Fantastic Networking? Join your colleagues and peers for an incredible spring day in South Georgia shooting clays on a beautiful course winding through the woods of Wynfield Plantation, while also supporting CBA’s PAC/PR Funds. Hosted by CBA’s very active and successful Leadership Division, this event, being held on Thursday, March 26th, in Albany, will prove to be fun and enjoyable for everyone – from novices to experts…even to those who’ve never even picked up a shotgun before. So, please click here to register today or contact Peake Wilson (770) 5410379 for more information! For sponsorship opportunities, contact Lindsay Greene (770) 5410376. We kindly encourage you to invite your clients and potential clients to join in the fun and register a team of four. WAIT! There’s more! Would you like a chance at winning a brand new Stoeger M3000 12gauge Shotgun in “duck” camo and a Boyt carrying case? Then purchase your raffle tickets today! They are on sale for only $20 each and all proceeds benefit CBA’s PAC/PR Funds. The drawing will be held during the lunch on Thursday, March 26th, but you do not have to be present to win. Tickets will be on sale until the conclusion of the morning flight. Contact Peake Wilson (770) 5410379 for more information and to purchase your tickets. http://www.cbaofga.com/page/022515CBAT 3/9 2/25/2015 CBA Today eNewsletter February 25, 2015 Community Bankers Association of Georgia The CBA maintains the only state PAC working exclusively for Georgia’s community banks. We are very grateful for our generous sponsors! 12 Gauge Sponsor 20 Gauge Sponsors 28 Gauge Sponsors Drink Sponsor Station Sponsors Women in Banking 3/5 Macon Leadership Academy 3/11 Macon Bank Directors' & Executive Management Conference 3/23 Atlanta Spring Sporting Clay Shoot 3/26 Albany Score big with CBA’s March Programs! Click the link(s) above to register and learn more. Registration is Open for the 2015 Spring Regional Luncheon Meetings & PAC/PR Golf Tournaments! http://www.cbaofga.com/page/022515CBAT 4/9 2/25/2015 CBA Today eNewsletter February 25, 2015 Community Bankers Association of Georgia These meetings are a fantastic way to learn about current industry news, legislative issues and financial trends. There will be ample time for networking and making new connections as well as catching up with friends. And don’t forget to sign up for the PAC/PR golf tournaments, too! The CBA maintains the only state PAC working exclusively for Georgia’s community banks. Dates & Locations: Wednesday, April 15 Idle Hour Country Club, Macon Tuesday, April 21 Hilton Atlanta/Marietta Thursday, April 23 Chateau Elan, Braselton with Golf & Posttournament Cookout Tuesday, May 5 Forest Heights Country Club, Statesboro Wednesday, May 6 Doublegate Country Club, Albany with Golf & Posttournament Cookout Bankers Only Peer Group Meetings: Legislative updates provided by Dan Brannan, JamesBatesBrannanGroover, LLP And Financial updates provided by Tim Veal, Nichols, Cauley & Associates, LLC Luncheon Topics: “The Future of Payments” presented by Mark Fucci, SHAZAM “10 Products that Your Bank Should Consider to Boost Engagement and Profitability” presented by Ed Kofman and Chris Nichols, both with CenterState Bank Click here to learn more and to register! For Golf Tournament sponsorship opportunities, contact Lindsay Greene at 7705410376. For general inquiries, contact Peake Wilson at 7705410379. Thank you to our generous Spring Regional Luncheon Meeting Exclusive Sponsor and to our Golf Tournaments' Sponsors Range Balls Braselton & Albany Hole Sponsor Post Tournament Cookout Braselton & Albany Longest Drive Closest to the Pin Braselton & Albany Hole Sponsor Albany Beverage Cart Braselton & Albany Hole Sponsor Braselton & Albany New Integrated Mortgage Disclosures: Are You Ready for the Effective Date of August 1, 2015? In February, the CBA hosted twoday seminars in five cities to cover the new integrated mortgage disclosures. A large number of community bankers from all http://www.cbaofga.com/page/022515CBAT 5/9 2/25/2015 CBA Today eNewsletter February 25, 2015 Community Bankers Association of Georgia across the state attended these informative seminars. If you missed the February seminars, please make plans now to join us in July for a special oneday seminar in five cities. This seminar will help you transition from the old to the new disclosures. Please SAVE THE DATES below and watch for additional details to arrive at your bank soon. Seating will be limited. For immediate assistance, please contact Jodi Swilley. July 2015 Training Schedule: New Integrated Mortgage Disclosures 7/14 Macon 7/21 Duluth 7/15 Albany 7/16 Atlanta 7/22 Macon Community Bankers Association of Georgia Endorses ATM Response for ATM Service & Cash Logistics The Community Bankers Association of Georgia (CBA) is pleased to announce the endorsement of ATM Response for armored car cash delivery services and ATM maintenance programs. CBA conducts an extensive duediligence before selecting a company as an Endorsed Member Company (EMC). ATM Response in Suwanee, GA earned the approval of both CBA’s Member Services Committee and the Board of Directors. ATM Response offers a complete range of armored car services, providing a onestop solution for cash logistics and ATM service needs. Services include cash delivery from the Federal Reserve Bank, first line ATM maintenance, ATM balancing and replenishment, retail cash delivery and deposit retrieval, cashbonded courier services, and more. Clayton Braswell, the President and CEO of ATM Response was elated by the news: “ATM Response is thrilled to receive the endorsement of the Community Bankers Association. Our business has been built through relationships we established with community banks in Georgia and we’re proud to expand on that relationship by becoming an Endorsed Member Company of the Community Bankers Association of Georgia.” “We are pleased to announce the endorsement of ATM Response,” stated Rob Braswell (no relation), President & CEO of the CBA. “The team at ATM Response has been extremely involved with CBA for many years and many of our member banks are already customers. Responsiveness and outstanding customer service are what sets our banks apart and exactly what sets ATM Response apart. Our member banks will enjoy special pricing complimented with the support they need to service their customers. We’re excited to have ATM Response as an Endorsed Member Company,” said Mr. Braswell. FREE Webinar from CBA EMC BankSmart: What You Need to Know About Europay, MasterCard and Visa (EMV) Chip Technology Wednesday, March 4, 2015 | 10:00 AM EST When should your Bank convert to chipbased credit and debit cards instead of the traditional magnetic stripe format? Countries all over the world have been using Europay, MasterCard, and Visa (EMV) chip technology for years, and the USA is ready to catch up and eventually eliminate the existing magnetic stripe solution. Recent retail store data breaches have created an even stronger impetus to implement this fraud resistant format. The technology may be just what your bank needs to reduce plastic card fraud losses. Before you decide, make sure you weigh the potential benefits and challenges of conversion, along with procedures and typical costs. For answers to your EMV questions, don’t miss this important update on EMV technology, as Brad Trowbridge of BankSmart gives you the facts about: http://www.cbaofga.com/page/022515CBAT 6/9 2/25/2015 CBA Today eNewsletter February 25, 2015 Community Bankers Association of Georgia How EMV chip technology works How much increased security can you expect Adoption EMV cost ambiguity EMV conversion concerns Solutions uniformity Who should attend? CEO, CFO, Operations, Risk Management, Information Technology Register by emailing btrowbridge@banksmartusa.com, your name, bank name, email address, location, and number of attendees. Please use “EMV Webinar” as subject line of your email. The Recent Georgia Holdings Erode Creditors' Right to Pursue Junior Debt in the Wake of Foreclosure on a Senior Mortgage O.C.G.A. § 4414161(a) provides that “if real estate is sold on foreclosure [but] does not bring the amount of the debt secured by the deed, mortgage, or contract, [then] no action may be taken to obtain a deficiency judgment unless the person instituting the foreclosure proceedings shall, within 30 days after the sale, report the sale to the judge of the superior court of the county in which the land is located for confirmation and approval and shall obtain an order of confirmation and approval thereon.” Additionally, O.C.G.A. § 4414161(a)’s terms can operate to bar a lender’s action to recover against a junior or subordinate contract debt after the lender had previously instituted foreclosure proceedings pursuant to a senior contract debt. However, this merging of debts can occur only where the two debts at issue are “inextricably intertwined.”1 For a long time, wellestablished Georgia law held that only those debts which are: “(i) incurred for the same purpose, (ii) secured by the same property, (iii) held by the same creditor, and, (iv) owed by the same debtor are inextricably intertwined.”2 These provisions provided ample protection for lenders that had issued a customer an initial loan, obtained a security interest in the customer’s property, and subsequently issued the customer a second loan (such as a Home Equity Line of Credit, or “HELOC”) with same collateral serving as security for the second loan. Click here to read the full article. Submitted by CBA Associate Member Drew·Eckl Farnham. Basel Committee Releases Guidance on Accounting for Expected Credit Losses The Basel Committee on Banking Supervision released a document in early February titled “Guidance on Accounting for Expected Credit Losses.” The principles highlighted in this document provide insight into what the impending FASB CECL model will mean for bankers and what items must be given consideration in transitioning to an expected loss model. A summary of the 39 page document can be accessed here. Submitted by CBA Endorsed Member Company Sageworks. Don’t Miss the March 5th CBA ALLL Seminar in Atlanta with Sageworks Click here to register! Heritage First Bank Rome Heritage First Bank President Ryan Earnest announced the formation of Heritage First Small Business Solutions to be headed up by veteran banker Ronnie Wallace. This new area of the bank will focus exclusively on Small Business Administration (SBA) lending. http://www.cbaofga.com/page/022515CBAT 7/9 2/25/2015 CBA Today eNewsletter February 25, 2015 Community Bankers Association of Georgia Heritage First Bank Rome Michael Baker has joined Heritage First Bank and will serve as Senior Vice President and Business Development Officer at the Romebased bank specializing in commercial lending. South Georgia Bank Glenville B. BranfordThompson was elected CEO at South Georgia Bank. South Georgia Bank Glenville Steve Kimbrell has been promoted to President. Embassy National Bank Lawrenceville Mark Jackson has been named Senior Vice President and SBA Loan Officer. United Community Bank Marietta Ron King has been named Vice President of its Commercial Lending division. Fiserv, Inc., a CBA associate member and global provider of financial services technology solutions, announced that the company has been named to FORTUNE® magazine's 2015 list of World's Most Admired Companies in the financial data services category. This is the second consecutive year the company has been named to the list. In Memoriam CBA extends sincere condolences to the family of Faye Griggs, Senior Vice President, Exchange Bank, Milledgeville, GA, who recently passed away. Ms. Griggs worked at the for bank over 34 years and was very active in many CBA activities, especially in Human Resources and Compliance. She will truly be missed. Send Us Your News Please remember to include the Community Bankers Association of Georgia on the list of recipients for announcements about promotions, new employees, special recognition your bank has received and/or events for your community. We would love to share your news with your colleagues across the state! Please forward your announcements and photos to Shera Banks or Lindsay Greene. MARCH 2015 2nd Annual Women in Banking Program Thursday, March 5, 2015 Idle Hour Country Club, Macon Allowance for Loan & Lease Losses (ALLL) Thursday, March 5, 2015 CBA Headquarters, Atlanta Consumer Lending School (4 ½ days) MondayFriday, March 913, 2015 CBA Headquarters, Atlanta BSA Officer School TuesdayThursday, March 1719, 2015 Atlanta Leadership Academy Session I: Wednesday, March 11, 2015 Topic: "Understanding the Role of a Community Bank Director & Much More" Idle Hour Country Club, Macon Workplace Law & Compliance Program Workshop I: Thursday, March 12, 2015 SIO Law Group Office, Atlanta Workshop I: Thursday, March 19, 2015 The Idle Hour Country Club, Macon 7th Annual Bank Directors & Executive Management Conference Monday, March 23, 2015 Atlanta Compliance Management School (New 3 days) TuesdayFriday, March 2426, 2015 – Atlanta http://www.cbaofga.com/page/022515CBAT 8/9 2/25/2015 CBA Today eNewsletter February 25, 2015 Community Bankers Association of Georgia 2015 Webinars We are community banking. 1900 The Exchange, Suite 600, Atlanta, GA 30339 Phone: (770) 5414490 / (800) 6488215 Fax: (770) 541 4496 • www.cbaofga.com http://www.cbaofga.com/page/022515CBAT 9/9
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