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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...
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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
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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.
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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
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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
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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:
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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 [email protected], 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.
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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
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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
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