CBA Today eNewsletter - November 5, 2014 - Community Bankers Association of Georgia

CBA Today eNewsletter - November 5, 2014 - Community Bankers Association of Georgia.html[11/18/2014 4:34:31 PM]

November 5, 2014

Events

CBA University

Industry Representation

Legislative Updates

Member Services

About CBA

Conferences

Conventions

Schools

Webinars

Banker Regulatory Forums

Compliance

Superior Products...Significant Discounts

Secondary Market Mortgage Services

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Member Company

In observance of Veterans Day, CBA's offices will be closed on Tuesday, November 11, 2014. A special thank you goes out to all the veterans who have served our country. Please be on the lookout for the next CBA Today enewsletter which will resume on Wednesday, November 19, 2014.

A Perfect Fall Day of Shooting Clays at Barnsley Gardens!A cold, crisp October morning turned into an absolutely gorgeous Fall day at Barnsley Gardens Resort’s Spring Bank Sporting Club for the CBA Leadership Division’s PAC/PR Clay Shoot. Over 25 bankers and Associate Members participated, and everyone had a fantastic time. Networking, shooting clays in a fun competition and making new friends…what more could you ask for? Oh yeah…perfect weather. And, that we had!

“The event was a fun way of supporting the PAC/PR fund, which gives Georgia’s community banks a voice regarding the political issues that affect our industry,” stated Kyle Ray, BSA Officer / Vice President-Customer Service Manager, First Bank of Dalton; CBA’s PAC/PR Fundraising Committee North Chair.

We are proud to announce the morning’s top shooter was Paul Kiker, Jr., friend and customer of Kyle Ray. Paul was also the day’s top shooter with a score of 76. The afternoon’s top shooters tied at 72 – Elliott Miller, President/CEO of Georgia Banking Company, Atlanta and Joey Pardo, Vice President Commercial/Government Guaranteed Lending Highland Commercial Bank, Marietta. Congratulations to all the winners!

“The PAC/PR Clay Shoot at Barnsley Gardens was a fantastic event raising almost $3,900 for CBA’s PAC/PR Funds. The weather was perfect and the facilities at Barnsley were top-notch. A great time and great event,” said Rusty Powell, Group Vice President, Highland Commercial Bank, Marietta, and CBA Leadership 2014-2015 Division Chairman. “On behalf of the CBA and the Leadership Division, I greatly appreciate everyone who sponsored and participated.”

Please see the photos link below…they tell a wonderful story!!!

Upcoming Events

Banker Regulatory Forum

November 6Atlanta

Creative CollectionsDecember 2

Atlanta

Allowance for Loan and Lease Losses

(ALLL)December 4

Atlanta

CBA Resources

2014 Georgia Financial Directory

Career Center

FDIC Regulatory Calendar

Salary Survey

CBA Today eNewsletter - November 5, 2014 - Community Bankers Association of Georgia

CBA Today eNewsletter - November 5, 2014 - Community Bankers Association of Georgia.html[11/18/2014 4:34:31 PM]

Click here to see more photos! Please make plans NOW to attend the next Sporting Clay Shoot being held Thursday, March 26, 2015, at Wynfield Plantation in Albany. We will have something spectacular to raffle, and again, will award prizes. Mark your calendars!

Thanks to our sponsors:

Connect with CBA on Social Media!

CBA Today eNewsletter - November 5, 2014 - Community Bankers Association of Georgia

CBA Today eNewsletter - November 5, 2014 - Community Bankers Association of Georgia.html[11/18/2014 4:34:31 PM]

DBF Issues Proposed Rules for CommentThe Georgia Department of Banking and Finance is seeking comments on a number of proposed rules and changes to existing rules, although only a few changes directly impact banks. Please take note of the favorable proposal regarding the elimination of the requirement to file a GRMA fee statement even if zero residential loans were closed in the period. The CBA appreciates the Department’s proposal to eliminate unnecessary paperwork, fines and fees in this area. Please click here to review the DBF’s proposed rules.

Banker Regulatory Forum Tomorrow!We’re expecting a great turnout tomorrow for the Banker Regulatory Forum being held at CBA's Headquarters in Atlanta! These meetings continue to be an excellent forum for an open exchange of viewpoints among bankers and regulators. The agency representatives have stated they appreciate these forums because they truly want to hear from YOU, so take advantage of this wonderful opportunity to have your voice heard in a relaxed setting. We look forward to seeing you here at CBA tomorrow! Contact Peake Wilson for more information.

FHFA Seeks Comments on Home Loan Bank Membership RuleAs reported earlier, the Federal Housing Finance Agency extended the public comment period on its far-reaching proposal to tighten the Federal Home Loan Bank membership rules. The comment period will now end on January 12.

The FHFA proposal would require many banks, thrifts and credit unions to hold 10% of their assets in the form of mortgages in order to maintain their FHLB membership. Smaller institutions with less than $1 billion of assets would have to maintain at least 1% of their assets in mortgages. Currently, applicants have to meet these asset requirements to become a FHLB member; but there has been no on-going requirement to retain a certain percentage of mortgage assets in portfolio.

CBA Today eNewsletter - November 5, 2014 - Community Bankers Association of Georgia

CBA Today eNewsletter - November 5, 2014 - Community Bankers Association of Georgia.html[11/18/2014 4:34:31 PM]

Please click here to see the letter written by the CBA of GA, as well as information provided by the FHLBank Atlanta on this issue.

CFPB and the New Integrated Mortgage Disclosure Rule The CFPB wants to get the word out to ensure that all creditors know about the implementation support that is available and how to obtain answers to questions on its ruling on Integrated Mortgage Disclosures under RESPA/TILA, with an effective date of August 1, 2015. The CFPB wants to hear from state representatives and creditors about any issues that may conflict with or impede creditors’ implementation of the new disclosures, particularly after they have discussed implementation with their vendors and settlement service providers. The CFPB is encouraging your feedback on this initiative. Please click here to view the CFPB letter.

Financial Regulators Issue Cybersecurity Best PracticesThe Federal Financial Institutions Examination Council released observations from a recent cybersecurity assessment and urged financial institutions to participate in the Financial Services Information Sharing and Analysis Center (FS-ISAC).

The FFIEC issued themes from the recent assessment of more than 500 community institutions and offered guidance on how to assess institutional cybersecurity preparedness. The council of regulators also recommended participating in the FS-ISAC as to identify, respond to and mitigate cybersecurity threats.

Order a Copy of the 2014 Georgia Community Bank Salary Survey Today!CBA and associate member Nichols, Cauley & Associates, LLC reminds you to place your order for the 2014 Georgia Community Bank Salary Survey. The survey can be a vital tool when determining competitive pay and benefits for employee recruitment and retention. Don't miss out -- order yours today!

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!

How to Move the CRA into the 21st CenturyAmerican Banker reports there’s a disconnect in the banking agencies’ approach to reforming the Community Reinvestment Act. On the one hand, the Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. propose moving the CRA into the 21st century by deemphasizing branches as a means of serving lower-income neighborhoods and individuals. In their recent proposal to amend CRA regulatory guidance, the agencies note that there “are effective alternatives [to branches] in providing needed services to low- and moderate- income geographies and individuals.” They specifically cite “technological advances in the retail banking industry, such as Internet or online banking, mobile banking, remote deposit capture and 24-hour Internet banking kiosks.”

On the other hand, the starting point for determining the communities in which a bank has CRA obligations remains rooted in 1977, the year the law was enacted. A bank’s assessment area is delineated based on where a bank has a physical presence. That a bank may engage in nationwide lending or deposit-gathering through the technological advances listed by the regulators is irrelevant to defining its assessment area.

As a result, banks only have formal CRA responsibilities in the areas surrounding their headquarters or deposit-taking facilities. Never mind that a bank may have a single

CBA Today eNewsletter - November 5, 2014 - Community Bankers Association of Georgia

CBA Today eNewsletter - November 5, 2014 - Community Bankers Association of Georgia.html[11/18/2014 4:34:31 PM]

office in an out-of-the-way location. Never mind that the office may not be open to the public. And never mind that a bank may only do a small fraction of its business near the office, while making the vast majority of its loans and receiving deposits in areas hundreds of miles away.

Congratulations to the Graduates of the CBA Consumer Lending School!Last Friday, community bank consumer lenders from across the state graduated from the fall CBA Consumer Lending School. This 4 ½ day school is offered twice a year and is the only school in Georgia designed specifically for community banks. The curriculum focused on training for entry to junior-level consumer lenders and covered all disciplines required of today’s community bank consumer lenders.

"This highly regarded school takes the student through the process of consumer lending and allows the student to develop and enhance the skills necessary to administer quality consumer loans," said Rob Braswell, President and Chief Executive Officer of the Community Bankers Association. The CBA extends a huge “thank you” to the faculty: Jeffery Johnson, President, Bankers Insight Group, Decatur; Sarah Draut and Bill Pitt, Principals, Credit & Compliance Financial Resources, Inc., Fayetteville; Thomas V. Keough, Attorney, Stokes Lazarus & Carmichael LLP, Atlanta; Clark Hungerford, Executive Vice President & Chief Credit Officer, Vinings Bank, Smyrna; Charles Williams, Owner & CEO, MACS, Chauncey and Chris DiLorenzo, President, the James Paul Group, Duluth.

Please SAVE THE DATES for the next school which will be held Monday-Friday, March 9-13, 2015 in Atlanta. To learn more about the school, please contact Jodi Swilley.

Graduates of the October 2014 Consumer Lending School

Central and South Georgia Community Bankers Attend the FDIC Consumer Protection Workshop!Last Thursday and Friday in Macon, community bankers attended the third installment of the FDIC Consumer Protection Workshop Series. This interactive one and a half-day workshop focused on the Mortgage Rules, Fair Lending (Equal Credit Opportunity Act and Fair Housing) and Unfair or Deceptive Acts or Practices.

CBA Today eNewsletter - November 5, 2014 - Community Bankers Association of Georgia

CBA Today eNewsletter - November 5, 2014 - Community Bankers Association of Georgia.html[11/18/2014 4:34:31 PM]

The CBA co-hosted the workshop with the GBA in partnership with the FDIC Atlanta Regional Office. CBA appreciates the FDIC for developing this workshop for Georgia community bankers and we would like to especially thank the following FDIC speakers for their valuable time and subject expertise: Stephanie Ovington, Field Supervisor, Atlanta South Field Territory, Tampa, Florida; Elizabeth Redding-Hogan, Supervisory Examiner, Atlanta Field Office; Anthony Banks, Senior Compliance Examiner, Albany Georgia Field Office, Candas Mourzon, Senior Compliance Examiner, Atlanta Georgia Field Office, Robin O’Connor, Compliance Examiner, Tampa, Florida Field Office; Jackie Wiedt, Financial Institution Examiner, Sunrise, Florida Field Office and Gary Clayton, Fair Lending Examination Specialist, Atlanta Georgia Regional Office.

Scenes from the October 2014 FDIC Consumer Protection Workshop

CBA Announces the 2015 Memorial Scholarships!

On behalf of the Community Bankers Association of Georgia (CBA), we are proud to announce the 2015 Julian & Jan Hester Memorial Scholarship and the J. Steven Walraven Scholarship! The Hester Scholarship is open to Georgia high school seniors who will be entering a Georgia college, university or technical school (two year program or more) in the fall semester of 2015. The scholarship is named after the late Jan Hester, daughter of Lalia and the late Julian Hester, long-time CEO of the CBA. The four winning recipients will be awarded a $1,000 scholarship. The Walraven Scholarship is awarded in the amount of $500 to a bank employee who desires to continue their education while working full-time at a CBA member bank. The scholarship is named after the late J. Steven Walraven, an active community banker who exemplified professionalism and community involvement. These scholarships are a tremendous opportunity for CBA to promote independently-owned community banking and for banks to put the community into community banking. Please download the scholarship flyer to post at your teller station, and encourage students to apply! Contact Shera Banks for more information on either of these scholarships or visit www.cbaofga.com.

CBA Member Bank Gives Back to the CommunityIn the spirit of giving, Family Bank of Pelham, GA made a donation to a local food bank to help them provide to those less fortunate during the upcoming holiday season. Family Bank employees, Carrie Eubanks and Gwen Pollock gladly present Mr. Jim Lapham of the Mitchell Co. Food Bank with the check.

CBA Today eNewsletter - November 5, 2014 - Community Bankers Association of Georgia

CBA Today eNewsletter - November 5, 2014 - Community Bankers Association of Georgia.html[11/18/2014 4:34:31 PM]

It's All in the NameWhile a “rose by any other name would smell as sweet,” it may not be covered under your insurance policy. One of the easiest and cheapest ways to be sure you have proper coverage is to make certain the name on your insurance policy is correct. Don’t assume that the insurance company will pay a loss for an affiliated company even though the ownership may be the same.

One of the best examples that I see repeatedly of incorrect insured names is the practice of naming only the Bank on the policy, and not including the holding company as well. If the named insured is Anywhere Bank and the parent company is Anywhere Bancorp, then Anywhere Bancorp is not covered. If a lawsuit is filed against Anywhere Bancorp, Anywhere Bank’s insurance policy may not respond. The solution: just name them both as insureds, i.e. "Anywhere Bancorp and Anywhere Bank." Simple right? You’d be amazed at how often I find incorrect names listed as insured on insurance policies that I audit. Just for fun, you might want to check your own policy! Click here to read the full article. Submitted by CBA Endorsed Member Hank Bahr, Bahr Consulting, Inc.

Q3 Performance Data for Georgia Banks Now Available! BankTrends, a CBA Endorsed Member Company, has just released Q3 Call Report data for all Georgia banks! To see your bank’s Q3 ranking, check out the Georgia Bank Rankings Map.

CBA Today eNewsletter - November 5, 2014 - Community Bankers Association of Georgia

CBA Today eNewsletter - November 5, 2014 - Community Bankers Association of Georgia.html[11/18/2014 4:34:31 PM]

If you’re not familiar with BankTrends, this web-based analysis tool can help your bank with:

Peer comparisonsStrategic planningBoard reporting

A 14-day free trial is available to all CBA Members! Contact michael@bank-trends.com or call (877)717-6743 to start using BankTrends today!

Attend a Complimentary Informational Seminar on the New CBA Easy(k)!CBA and Midwestern Securities Trading Company, LLC (MSTC) will hold an informational seminar to educate CBA member banks on the CBA Easy(k) Thursday immediately after the Banker Regulatory Forum.

Thursday, November 6th - CBA of Georgia, Julian Hester Training Center, Atlanta - 1:45 - 3:15 p.m., 1900 The Exchange, Suite 600, Atlanta, 30339

United Community Bank - BlairsvilleJarrod Floyd was named Top Producer in Customer Derivatives. Based in Rome, he also works with customers throughout Bartow, Chattooga, Floyd and Polk counties.

United Community Bank - BlairsvilleScott Freese was named Top Producer in Customer Derivatives. While based in Stockbridge, Ga., his territory surrounds metro Atlanta and extends to Blairsville, Carrollton, Lake Oconee and Macon.

CBA Today eNewsletter - November 5, 2014 - Community Bankers Association of Georgia

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United Community Bank - BlairsvilleRichard Martin was named Top Financial Advisor. He serves the northeast Georgia region, including Clarkesville, Clayton, Commerce, and Cornelia.

United Community Bank - BlairsvilleLisa Pittman was named Top Mortgage Producer. She is based in Newland, N.C., and also works with customers in Bakersville, Blowing Rock and Spruce Pine.

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.

NOVEMBER 2014

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)

2014 & 2015 WEBINARS

SAVE THE DATE: 2015 CBA LENDING SCHOOLSCommercial Lending School

Monday-Friday, February 23-27, 2015 – Atlanta (4 ½ days)

Consumer Lending School Monday-Friday, March 9-13, 2015 – Atlanta (4 ½ days)

CBA Today eNewsletter - November 5, 2014 - Community Bankers Association of Georgia

CBA Today eNewsletter - November 5, 2014 - Community Bankers Association of Georgia.html[11/18/2014 4:34:31 PM]

Additional 2015 CBA Educational Opportunities will be announced soon! For assistance, please contact the CBA Education Department.

We are community banking.

1900 The Exchange, Suite 600, Atlanta, GA 30339Phone: (770) 541-4490 / (800) 648-8215Fax: (770) 541- 4496 • www.cbaofga.com