Georgia Bankers Association - The Resource that Empowers
July 1, 2011

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Summer is here and the GBA Pledging Pool is Open!


Don't Extend Your Current Check Printing Agreement Before Calling Deluxe, You'll Save Money

We recommend that you take a look at what Deluxe can offer your bank before it automatically extends its check-printing agreement this year because Deluxe offers unmatched quality at a competitive price. Learn more about Deluxe checks and some of their other great products...

Keeping Your Top Employees Will Save your Bank Money and TalentQuest can Help
TalentQuest for Financial Services integrates standardized job descriptions, competency models and performance profiles into a system designed to guide banks through each stage of the employee lifecycle, which will help your bank retain the best team of people to guide the institution to future success. Learn more about the human-capital strategy of TalentQuest...


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Georgia Financial Directory

Thumbprint Signature Program

Record Retention Guide


Interest Rate Averages by County

Our Take on Fed's Interchange Price-Cap Rule

The Fed adopted its anticipated final debit-card interchange price cap rule, setting a 21-cent cap for debit-card transactions. This is nine cents higher than the proposed rule, but still a reduction of more than half the current average interchange rate of 44 cents per transaction. The Fed issued the improved rule after considering more than 11,000 comments, many of which were from bankers, the GBA and fellow trade groups and even consumer groups who opposed the original 12-cent cap. Your comments clearly made a difference in shaping the Fed's improved final rule. Read more analysis about the Fed's final interchange price-cap rule...


GBA Joins Others in Letter to SEC About its Municipal Advisor Registration Proposal

We have been actively following and reporting about an SEC proposal that would require most bankers to register as municipal advisors just for something as simple as having an account relationship with a local government entity. We think that's a bad idea, and signed onto a letter this week to the SEC with other state banking groups and the ABA pressing our point. Link to the letter to the SEC and learn more about proposed municipal advisor registration...


OCC Preemption Proposal Draws Support & Fire

You may recall that were it not for an OCC preemption of the Georgia Fair Lending Act (GLFA) and the subsequent application of that preemption by the Georgia Attorney General to state chartered banks, all our members, regardless of charter type, could still be strangled by that misguided state law. The Dodd-Frank Act (DFA) had language essentially taking away the OCC's ability to issue that kind of preemption ruling, but DFA preserved some other long-standing preemption opportunities. The OCC recently issued for comment their proposed regulations adopting the new standard to mixed reactions. Learn more about the responses to the OCC's preemption proposal...


GA Department of Banking and Finance Proposed Rulemaking Could Affect Your Bank

As a result of legislative changes this year, the Georgia Department of Banking and Finance (DBF) has issued proposed rulemaking with comments due by July 28. The proposal deals primarily with non-bank entities that the DBF regulates, but there is a change in the reporting method of the Georgia Residential Mortgage Act requiring the per loan fee report to be made online going forward. Find out more about the DBF's proposed rulemaking that could affect your bank if it's writing mortgage loans...


Dept. of Revenue Proposes Unclaimed Property Changes Any Worries Here?

This week The GA Dept. of Revenue (DOR) published proposed changes to unclaimed property rules and regulations that affect unclaimed property from abandoned safe-deposit boxes. If our initial reading is correct, the rule would transfer responsibility from DOR to the banks to deliver "any illegal substances, contraband, and/or hazardous materials...[in] an abandoned safe-deposit box" to the appropriate authorities. There is little formal training for bankers in these matters. Learn more about the concerns we have with bankers having to transport hazardous or illegal materials from abandoned safe-deposit boxes...


GBA Comments on Risk Retention Proposal

As we reported last week, Sen. Johnny Isakson and other members of Congress had called on federal regulators to revise their proposed 20-percent down payment requirement for Qualified Residential Mortgages (QRMs). GBA commented similarly in a letter this week, adding that we are also concerned with the proposed debt-to-income ratios and credit standards. See the letter we sent to regulators about the required down payment proposal for QRMs...


New Foreclosure Guidance Issued by OCC

OCC issued guidance Thursday that outlines broad expectations for appropriate foreclosure management standards by executives and boards of national banks. All national banks should conduct a self-assessment of their foreclosure management practices by Sept. 30 and correct any weaknesses. Read more about the areas covered in the new OCC foreclosure guidance for national banks...


High Marks Again For Georgia as a Best State for Business

Georgia ranks as the fourth-best state for business in a study out this week by CNBC. The ranking is up six spots from a year ago, and it marks a return to the top five for the first time in four years. The state's infrastructure was ranked second, and quality of the state's workforce and relatively low cost of living also received top-10 rankings. Check out CNBC's study...


Mortgage News:

More Mortgages Paid on Time and CFPB Seeks Second Round of Feedback on Mortgage Disclosures

Homeowners did a better job keeping their mortgage payments current in the first quarter of this year. Also, check out the revised and reintroduced prototypes of a single mortgage disclosure form that would merge TILA and RESPA disclosures from CFPB. Read more mortgage news and view and comment on the draft mortgage disclosures...


Reduced Room Rates Still Available...

Our Economic Update will be a Can't Miss Session at the Leadership GBA Conference

Joe Keating, Chief Investment Officer with CenterState Bank, Birmingham, AL, is going to help answer questions about monetary policy and how the Obama Administration's shift to a more centrist position may affect earnings and much more. Deep discounts on hotel rooms are still available for the event, so sign up for the Leadership GBA Conference today...


Two Officers Re-Elected and a New Director Installed to GBA Insurance Trust Board

At the GBA Annual Convention in Atlanta last week, participants of the Georgia Bankers Association Insurance Trust (GBAIT) re-elected two officers and installed a new member to the GBAIT board of directors to serve three-year terms. The Georgia bankers re-elected for three-year terms are Ray Chitty, President, Guardian Bank, Valdosta and Glenn Willis, President and COO, South Georgia Banking Company, Tifton. Ron Thigpen, Executive Vice President and COO, Georgia Bank and Trust, Augusta was elected for a first term.






More than 40 Compliance Professionals Meet in Macon

Exam trends, fair lending rules, HMDA and the Bank Secrecy Act were topics covered at the GBA Compliance Peer Group meeting in Macon on Tuesday. More than 40 Georgia compliance professionals attended. The GBA Compliance Committee also met to begin planning for the annual Compliance Conference, which will be Oct. 4-5 at Idle Hour Country Club in Macon. Learn more about the meeting and get involved in the GBA Compliance Peer Group...



Read about all the Georgia bankers making news this week...


Darcy Nally-Viola Spurlock

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.


Commercial Lending Webinar
How to Win Deals with Interest Rate Swaps
July 11

Room Discounts
Still Available...

Annual Leadership GBA Conference
July 24-27
St. Simons

Coming Up Soon...
Senior Lending Officer Peer Group
Aug. 16


Just Scheduled...
President/CEO Conference
Oct. 9-11


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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