Facts-n-Stats: New Georgia Banking Update Available
The
May edition of the 2010 Georgia Banking Update is available.
We've plugged in all the most current information about bank
performance, key regulatory issues, the evolving Financial
Services Regulatory Reform efforts, bank closure summaries,
mortgage delinquency and modification efforts and more. The
updated version is available
here.
Employee and
HR Compliance Toolkits
Keeping up with ever-changing employment regulations and
human resources best practices can be time consuming.
Monitoring changes specific to the banking industry adds
even more effort to the task.
More about employee and HR compliance toolkits...
Gain CRA Credit
for Loans or Investments in the Senior Housing Crime
Prevention Foundation
The Senior Housing Crime Prevention Foundation is a
nonprofit organization based in Memphis that offers banks a
measurable, no-risk, high-yielding avenue for gaining CRA
credit. By making a loan or an investment with a guaranteed
return, banks receive credit for Community Reinvestment Act
(CRA) requirements.
Read more about gaining CRA credit...
Career Paths for BankersTM
The 44
most-common bank job descriptions, the skills/competencies
you need to have those jobs and links to training and
development by job title.
Job Bank
Find a job, post a job |
New Mark to Market Accounting Bomb
Dropped
Perhaps
the biggest change ever to bank accounting is now on the table with two
proposals released this week by the Financial Accounting Standards
Board. One proposal stipulates strict mark to market practices for all
financial assets and liabilities -- even loans to be held on a bank's
books for many years. The second proposal is expected to change how the
income statement is viewed by adding a new line item to the income
statement.
Learn more about FASB's proposals...
Senate Passes Financial
Regulatory
Overhaul
 The
U.S. Senate passed H.R. 3217 shortly after our Bulletin was sent
last week. As we have reported over the past few weeks during
Senate Consideration of the bill, this financial regulatory
reform bill is unfortunately worse in many ways than the version
that the U.S. House passed earlier in the year. At this point,
conferees are being named from the Senate and House and we
expect a conference committee to begin work within a few days.
Senator Saxby Chambliss has been named as a conferee
since he is the ranking minority member of the Senate Agriculture
Committee.
Read the timeline for action as we understand it and more about our
issues...
Political
Maneuvering Heats Up
Heading into State Election Season
We're all going
to have to keep on our toes to make sure accurate information is
available to candidates and the public during this campaign
season. Of note, there's a
TV ad from Gubernatorial Candidate Roy Barnes attacking the
banking industry and some bank-related information distributed
by the Georgia Democratic Party. Also on the political front,
the Georgia BankPac Campaign is under way. Look for
brochures and materials in your mailbox. See our special edition
of the
BankPac Campaign Update
for full details about all of this.
If you need additional information or have questions, please
call GBA's
Elizabeth Chandler at 404.420.2027.
A
Good Outcome of Healthcare Legislation
 It
may surprise you that there is one winning product for member
banks to offer customers as a result of the healthcare
legislation signed in March -- Health Savings Accounts (HSAs). In
fact, HSAs not only survived, but appear poised to thrive in the
new environment created by the healthcare legislation.
More about HSAs...
New:
GBA Compliance Community Now Online!
The
GBA is pleased to announce a new resource for members. We have set
up a specialized GBA Compliance Community online where
Compliance pros can share resources, ask questions of your peers
and exchange ideas. Think of it as a Facebook-style community
specifically for those working in Compliance. The Compliance Community
is the first on a list of topic-specific Communities we are rolling out.
Find out how to join
GBA's Compliance Community...
FDIC
Closes on Sale of Notes from Receiverships
 The
FDIC this week closed a sale of notes backed by commercial real estate
loans from twenty-two financial institutions, for which the FDIC was
appointed receiver from August 2008 to March 2009. Some of the $233
million in notes were backed by commercial real estate loans from closed
Georgia banks. The notes were originally issued in January 2010 to the
FDIC as receiver for the twenty-two financial institutions in connection
with the creation of an LLC to hold the aforementioned assets, and are
guaranteed by the FDIC in its corporate capacity.
More about close on sale of notes from receivership...
Deadline for Check Scam
Campaign Sign-Up
 It's last call time to help GBA combat check fraud by
participating in a joint public awareness campaign with the
Consumer Federation of America (CFA). Sign up by the end of day
June 1 to participate in the campaign. CFA will provide your
bank with bulk quantities of a new English/Spanish language
brochure about fake check scams at no charge (except for minimal
shipping expenses) if you agree to have your tellers hand the
brochures to customers who come in to deposit a check or money
order of $1,000 or more or withdraw $1,000 or more. If you want
to participate, please complete the partnership form at the end
of
the linked FAQ about the program and fax it to Susan
Grant at CFA by June 1. With questions, contact
Susan Grant
at CFA, 202.265.7989, or
David Oliver
at GBA, 404.420.2036.
New Financial Stability
Survey Reveals that Georgian's Financial Distress Continues
The
demand for credit remains low and prospective borrowers in
Georgia may find it harder to qualify because of their
own financial situation according to the
CredAbility Consumer Distress Index that tracks shifts in the
financial condition of the average American household.
More about the CredAbility survey...
Still time to Register for Lunch With
New FDIC Regional
Director Dujenski
There's still
time to register for the special
GBA-sponsored luncheon to meet newly appointed Atlanta
Regional Director Thomas J. Dujenski. This luncheon will
be held on June 2 in the Kennesaw Room at the Renaissance
Waverly Hotel in Atlanta. Dujenski will share some brief remarks
as well as allow time for a question and answer session. We have
a great crowd coming but we encourage bankers, directors, bank
counsel members and others to attend. We are asking those
attending pay a registration fee of $45 to help defray the costs
of hosting the lunch. For planning purposes, registration will
begin at 11:30 a.m. and the luncheon should conclude by 2 p.m.
With questions, contact
Susie McGehee at 404.420.2010 or
Joe Brannen at 404.420.2026.
Please
click here for more details and to register for the luncheon...
Newsmakers:
More news about Georgia bankers...
Townsend |
Johnson |
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
Lydia Thomas. |
HEADLINE EVENTS
GBA Annual Convention
Read Quotes about the Value
June 13-16
Leadership Conference
Room
deadline is
June 10
July 11-14
Monthly Compliance Perspectives
June 22
Call Reporting Seminar
New Reporting Items will be Covered
June 8
AIB Online Instructor Led Courses
AIB Online IRA Training
Introduction to IRAs
Compliance Calendar
Lending Calendar
Ops/Tech Calendar
HR Calendar
Asset/Liability Calendar
Management Calendar
Security Calendar
Webinars
Full GBA-U Calendar |
