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Fast, Affordable and Reliable Way to Manage Your Real Estate Portfolio
Effectively
managing your residential real estate portfolio is so
important right now.
LendingXpress offers web-based, bundled services from its
residential real estate management platform that is designed for
financial institutions, by financial institutions. Because all the
necessary real estate lending support applications are available
on the LendingXpress platform, it's fast, easy and accurate.
Learn more about LendingXpress...
ABA Insurance Program: Bond and
D&O Coverage
The Insurance Program is specifically
designed for banks to provide the Financial Institution Bond
and Directors and Officers coverage, as well as all other
bank specific coverage such as Internet Banking Liability,
Excess Deposit Bond and Combination Safe Depository
coverage. The program has declared $67.5 million in
distributions to ABA member policyholders.
Learn more about ABA Insurance Services...
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a job
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Pledging Pool
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Meet
the new GBA
Executive Committee and the 10 Bankers/Banks Recognized for GBA
Financial Literacy Program Excellence
 We
introduced you to the newly-elected Leadership GBA officers last
week in Bulletin. Another highlight of last week's conference
was the election of members to the Executive Committee. Click
here to see who is on
the
2011-2012 Executive Committee. Additionally, one of
the missions of Leadership GBA is to sponsor the Financial Literacy Program
(formerly known as PEP), which encourages bankers to
teach financial literacy in their communities. Ten Georgia bankers/banks were recognized
this year.
See who was recognized for their exemplary
Financial Literacy outreach and learn more about the 2011
Leadership Conference...
Three Bank CEOs among
GA's top 25
Congratulations to the following Georgia Bank CEOs identified
among the top 25 CEOs of the year among Georgia public companies
by the Atlanta Business Chronicle.
#3:
Len Dorminey, CEO,
Heritage Bank of the
South, Albany
#7:
Jim Miller, Chairman and CEO,
Fidelity
Bank, Atlanta
#15:
Bob Johnson, President and CEO,
Charter
Bank, LaGrange
New Georgia Banking Update
Available
 A new version of our Georgia Banking Update
is hot off the virtual presses this week.
There's an updated summary of economic, legislative and
regulatory issues we're following closely and perspective
about bank closures, CPP investments, dividends paid by
Georgia banks and mortgage modification efforts.
Read the
complete August 2011 Georgia Banking Update...
Guidance about FHA Audit
Requirements and Waivers Available
 FHA
direct lenders now have specific guidance for providing
audited financial statements to the agency. In April, a
waiver was granted that said FHA direct lenders with under
$500 million in assets need only to provide a copy of their
year-end Call Report or Thrift Financial Report and
additional documentation from an independent auditor about
internal controls for FHA-related programs, rather than a
fully certified official audit. The new guidance gives some
clarity about those waivers.
Because of some technical
changes to how the FHA requirement defines “independent
auditor,” you'll want to learn more about this...
New DBF Rule Requires Online
Payment of Mortgage Fee Collections
Georgia banks are now required to use an online system to remit
and report twice yearly the $10
Georgia Residential Mortgage Act per loan fee they
collect from borrowers. The requirement is part of a broad set
of final rules the Department of Banking and Finance (DBF) put in place as a result of legislation
passed earlier this year.
See the DBF's final rule and link
to some information about the online payment system...
FHLB Atlanta Announces
Dividend, Stock Repurchase Plan
 The Board of Directors of Federal Home Loan Bank of Atlanta
announced Wednesday an annualized dividend rate for the second
quarter of 2011 of 0.76 percent.
The dividend is applicable to capital stock held during the
period of April 1, 2011, to June 30, 2011, and will be credited
to shareholders’ daily investment accounts at the close of
business on August 16. The Bank also
announced it will repurchase up to $600 million of membership
excess capital stock and activity-based excess capital stock on
Aug. 31. The amount of excess stock to be repurchased from any
shareholder will be based on the shareholder’s total excess
capital stock as of Aug. 24, 2011. Shareholders will be notified
about the details of this repurchase.
CFPB News:
No CFPB Director until
September, at the Earliest & Round 3
of Know Before
You Owe Open
 The Senate this week adjourned for August recess, postponing its
scheduled hearing for CFPB-Director nominee Richard Cordray
until Sept. 6. Also,
round
three of CFPB’s
Know Before You Owe mortgage disclosure reform
initiative has been begun.
Readers can
review
draft designs and submit comments until
August 8.
Read why the President can't just appoint Cordray and review and
comment about the revised mortgage disclosure drafts...
Additionally this week, round three of CFPB’s
Know Before You Owe mortgage disclosure reform
initiative has been begun. CFPB is combining the
Truth in Lending disclosure
form and Good Faith
Estimate form into one because "the two current forms
have overlapping information and can be confusing to consumers,"
Review
draft designs and submit comments until
August 8.
Get Smart About Credit Day
Bank Registration Now Open
 A good credit history can open doors and help people achieve
their dreams and helping the next generation become
credit-worthy is a great way to improve the future quality of
your loan portfolio and grow the local economy. Get
Smart About Credit Day is scheduled for Oct. 20, and
the ABA Education Foundation (ABAEF) needs you to
share your expertise in your community
for this year’s “Get
Smart About Credit” campaign.
Learn more and
sign up to participate in the 2011 Get Smart About Credit
Campaign...
How the Market Affected
your 401(k) Plan in tQ2
 Second Quarter 2011 was a weak period for the overall stock
market, but fortunately we have seen solid performance for the
year-to-date results through the end of the quarter. For GBA
Retirement plan participants,
the investment returns of both investment managers,
Reliance Trust Company
and
Atlanta Capital Management,
compare well against major market indexes and continue to
compare very favorably in the longer term results.
See the
full update for more
detailed performance results and news on the Master Trust and
learn how your bank can offer plans through GBA Retirement
Services...
Reminder:
GBA is THE Local
Provider of AIB Courses
As you’re making plans for your
staff’s ongoing banker education
and training efforts, please remember that the GBA is THE local provider for American Institute of
Banking (AIB) programs. Please continue to encourage your
employees to take advantage of AIB and other professional
development offerings to strengthen their career paths. Some important AIB resource links
are:
Please call GBA's
Alison Moreau,
AIB Program Coordinator, at 404.420.2034 with questions.
Newsmakers:
Read about all the Georgia bankers making news this week...
Send Us Your News
Please remember to include the Georgia
Bankers Association on the list of recipients for
announcements about promotions, new employees and special
recognition your bank has received. We want to share your
news with your colleagues across the state. Please forward
your announcements and photos to GBA's
David Oliver and Bogan Brannen. |
Senior Lending Officer Peer Group
How to Help Strengthen Your Downtowns
Aug. 16
Macon
South Georgia Community Bank Symposium
Sept. 29
Valdosta
Compliance Conference
Oct. 4-5
Macon
President/CEO &
Bank Counsel Conferences
Oct. 9-11
Greensboro
Webinars
AIB Online Instructor Led Courses
Compliance Calendar
Lending Calendar
Ops/Tech Calendar
HR Calendar
Asset/Liability Calendar
Management Calendar
Security Calendar
Full GBA-U Calendar
Career Paths for BankersTM
The 44 most-common bank job
descriptions, the skills and competencies you need to have
those jobs and links to training and development by job
title.
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