Still Time to Register for 2012 Leadership Conference - July 22-25
Details are being finalized for
Leadership GBA's Annual Leadership Conference scheduled for July
22-25 at the
King and Prince on St. Simons. The
Leadership GBA Executive
Committee has planned a great program that's both timely and
Click here to register online. With questions about the
conference or Leadership GBA in general, please contact GBA's
Susie McGehee at 404.420.2010.
Get more details about the
Leadership Conference and see the full agenda...
Treasury Announces More TARP/CPP Investment Sales
Following last week's sale of their interest in seven institutions
individually to multiple investors, the
U.S. Department of the
Treasury has sent letters to 200 other banks still holding Capital
Purchase Program (CPP) investments outlining possible plans to sell
those investments in pools. The banks were told they had a couple of
Read about the other choices banks' have with their CPP investments...
In a Georgia Farmer's Words: Farm
We've been reporting on the negotiations on this year's Farm Bill
and why it needs a lot more work to make it fair to farmers in all
parts of the country. Georgia Sen. Saxby Chambliss has taken
the lead fighting for peanut and rice farmers in states like Georgia
to be treated equably with corn and other grain producers in the
Midwest. The Senate passed the bill Thursday and it's headed to the
House. Chambliss and Sen. Johnny Isakson voted against final
passage. The private/public crop insurance program and the role that
plays in helping farmers manage risks like weather and other natural
disasters is front and center in the debate. National Public Radio
good story last week on the disparate treatment embedded in the
current version of the bill.
Link to that story to learn more
about the Farm Bill debate and its potential effects...
Basel III Contains Some Surprises
We're still wading through the proposed Basel III capital rules and
are picking up some unexpected surprises. If your bank has issued
Trust Preferred Securities (Trups), you'll want to pay close
attention. Inconsistent with the intent of the Collins amendment,
Basel III does not grandfather Trups for institutions between $500
million and $15 billion. Instead, Basel III requires
the phase-out of these instruments
for bank holding companies having under $15 billion in total
consolidated assets as of December 31, 2009. Under the rule, the instruments
will be fully phased-out on January 1,
Hightower of Bryan Cave summarized the issue well in a post on
the Bryan Cave website which you can link to here...
GBA Asset/Liability Committee Meeting
capital requirements, enterprise risk management, portfolio
management in a low rate environment and general investment
strategies were a few of the topics discussed at this week's meeting
of GBA's Asset/Liability Committee. Led by committee Chair Todd
Makant, Vinings Bank, Smyrna; and Vice Chair Dana Litman,
Quantum National Bank, Suwanee, the committee met to discuss key
issues and to plan GBA's 2012 Financial Risk Management Conference
slated for Nov. 7-8 in Atlanta. Please note that we've moved this
conference from January to early November in response to feedback
Look for more
details coming soon about the conference agenda and contact
Marybeth Jones with questions, 404.420.2032.
Bernake Discusses Headwinds; Tells Congress to Get Fiscal House
To no one's surprise, the Federal Open Markets Committee
(FOMC) voted to not raise the fed funds rate when they met this week in
Washington. Fed Chairman Ben Bernake followed the meeting
with a press conference and several themes emerged.
about Bernake's statement related to the economy, rates and
Follows GA Lead on Derivatives Exposure
Georgia General Assembly adopted legislation mandated by the
Dodd-Frank Act that requires state-chartered banks to include
derivatives exposure in the bank's lending limit calculations. This
week, the Office of the Comptroller of the Currency
proposed a similar requirement for national banks and
federally-chartered savings institutions. The new state law and
OCC's interim final rule give all institutions until Jan. 1, 2013,
to comply. The comment period for the OCC's proposal is August 6.
2012 BankPAC Campaign Kicks-Off
2012 BankPAC Campaign was launched recently and is off to a great
start. Thanks to the banks and individual officers and directors who
have already contributed. “This is one of the most
important things that we as bankers can do collectively for our
Tom Wiley, Chairman, President & CEO of The Coastal Bank
in Savannah and Chair of the BankPAC Board of Directors. Materials
were recently mailed to all CEOs. They will need to sign the
campaign authorization card to get started on their bank’s campaign
for the GBA FedPAC which may only accept personal contributions,
while the GBA StatePAC may accept contributions from the bank or
holding company. A great option to consider for FedPAC contributions
is utilizing a payroll deduction method. A form for this is included
in the materials that can be tailored to your specifications.
See who has already made contributions to the PAC campaigns here...
Thank you, Annual Meeting Sponsors and Exhibitors
Many thanks to the members and associate members who helped make the
Meeting a great success.
Also a special thanks to those who exhibited at the Annual Meeting.
Please link to our list
recognizing the firms that so generously sponsored the various
events and exhibited.
When you see them or correspond with them, please make a
special effort to thank them for their support.
Participate and Save!
Just One Week Remains to Submit Data for the 2012 Compensation and
The deadline for salary data submission for GBA's newly-revamped 2012 Compensation and Benefits Survey is next Friday,
June 29. The survey
can be quickly completed online at
http://matthewsyoung.com/GBA-Survey-index.html. We need
all members' help in collecting a good sample size this year to
ensure the most valuable results. If your bank does participate, the
results of the survey are available for the low price of $150
instead of the $400 price for non-participants. That's more than a
60 percent discount. The results should be available late summer or
early fall. If you have questions or comments, please contact
Kenyetta Parks, 404.420.2035 or
Matthews, Young-Management Consulting, 919.644.6962.
Banking Department Warns Banks
About Potential Capital Raising Scams
State Chartered banks should have received an e-mail from the
Georgia Department of Banking and Finance this week warning them of
a scam brought to their attention by the North Carolina Banking
Commissioner. The scam involves individuals representing themselves
as having access to large amounts of private equity capital and
stating their interest is to acquire control of undercapitalized
banks. The scam usually involves upfront due diligence or other
fees. The Department said,
"In the event you are approached by someone offering
to acquire control of or recapitalize your bank, other than an
established, well-known investment banker of whose identity you are
certain, please exercise caution before entering into any agreement
Read more about the dangers of the capital raising scam...
Consumer Bureau Releases Credit Card Complaint Data
A signature project of the new Consumer Financial Protection Bureau
(CFPB) was rolled out this week as the CFPB released the test
version of their
credit card complaint system
for anyone with web access to see. CFPB is
releasing unverified, anonymous consumer complaints while
specifically naming the banks which is disappointing as we believe that could mislead
other consumers and unfairly targets banks.
interactive data display tool...
Timber Theft – an Old but Growing
Problem in Georgia
GBA's recent Rural Development Conference, there was a good bit of
talk among the participants about the increasing number of reports
of timber theft. By its nature, growing timber is a costly and long
term commitment by the landowner, the lender and all the
professionals engaged in a healthy timber operation. We're joining
our friends at the Georgia Forestry Association (GFA) to help
get the word out that there are steps landowners can take to lessen
the chance of becoming a victim.
See some suggestions that may save your customers' timber crop
Read about all the Georgia Bankers making news this week...
Read All About It:
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.