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Your Own IRA Update "Red Book" Today
GA Peanut Bank Week
starts Oct. 10!
Check out these delicious peanut and peanut butter recipes
Temporary National Flood Insurance Program
Extension Passes,
Federal Flood has NFIP-approved Solutions
The U.S. House this
week approved a continuing resolution to fund the
federal government through Nov. 18 that includes a provision
to extend the National Flood Insurance Program (NFIP) through that same
date. That may give Congress enough time to pass pending
legislation that would extend the NFIP for five years. An NFIP
extension is critical to providing support for the recovering
real estate, insurance and financial markets in Georgia.
Did you
know that Federal Flood can provide standard and
force-placed NFIP products such as free quotes, tracking and
portfolio reviews for their clients? Learn more about that
right here...
Get a Free Market Analysis and Save Money on Local
Interest Rate Data with RateWatch
RateWatch
offers GBA members discounts on important competitive interest
rate data to help your bank with pricing decisions and also to
evaluate your local interest rate markets related to FDIC rules
for rate caps. RateWatch acquires interest rates, fees and other
product information for more than 80,000 financial institution
locations.
Learn more about the deep discounts available from RateWatch
here...
Job Bank
Find a job, post
a job
More GBA Products and Services
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Retirement, Pension and 401(k) Plans
Georgia Financial
Directory
Thumbprint Signature Program
Record Retention Guide
Interest Rate Averages by County
Holiday Decals
Pledging Pool
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FDIC
Market Share Report
In-State
Deposits Up by $2 Billion; New Banks in Top 25
 The 292 FDIC institutions reporting deposits as of June 30 this
year held about $183 billion of in-state deposits, an increase
of about $2 billion from the $181 billion at the same time in
June 2010. There was one new entrant
to the top 10 in market share and four new entrants to the
top 25 statewide. GBA was called for comment about the report by
media and our message was that it is encouraging deposits are
up.
Read more about the latest Georgia market share report and
learn who's representing a bigger portion of total deposits than
before...
President's
Debit Card Fee Remarks off Base
President Obama this week continued his
disappointing trend of bank bashing. In an
interview with ABC News' George
Stephanopoulos, the
President criticized Bank of America's new $5 monthly debit card
usage fee.
President Obama also said that such card fees are the reason for
the formation of The Consumer Financial Protection Bureau (CFPB),
whose top official spoke
up this week to clarify that the agency may look into
standardizing fee disclosures for checking accounts, but not
address specific pricing decisions. Raj Date, who heads
day-to-day activities at the CFPB. "Making the costs transparent
is good for consumers and good for competition. It allows
consumers to compare the checking account options from large
banks, community banks, and credit unions and pick the one that
works best for them."
Read
our views and more of the lively rhetoric about Durbin, debit and interchange
that was popping up in headlines all week...
Rep. Woodall
Supports Credit Union Lending Cap Expansion
 Georgia
Rep. Rob Woodall took to the floor of the U.S.
House Wednesday to support a bill to
allow expansion of credit union business lending
beyond the current 12.25 percent cap. The closest any non-exempt
Georgia credit union comes to this cap is 8.96 percent.
Here's a
link that includes access to a video
of Woodall's floor statements. The bill is H.R. 1418 (Royce,
R-CA). There is similar legislation in the Senate, S. 509
(Udall, D-CO).
Read more about Rob Woodall's' "misguided" message
to the U.S. House here...
Consumer Finance News
Nomination
of CFPB's Cordray Heads to Full Senate
 The Senate Banking Committee Thursday voted to send to the full
Senate the
nomination of
Richard Cordray
to become the director of the Consumer Financial Protection
Bureau. During
Cordray’s confirmation hearing Sept. 6, Republican panel members
reiterated their pledge to block his nomination unless the
bureau’s structure and funding are changed.
Shareholder Registration Bills Progress
A couple of helpful bills we're supportive of related to SEC
registration requirements were approved by the House Financial
Services Capital Markets Subcommittee this week.
H.R. 1965 would raise the current
500-shareholder threshold for SEC registration to 2,000, and
would also up the deregistration threshold from 300 to 1,200
shareholders. The subcommittee approved separate legislation, H.R. 2167, that includes a provision that would raise the
SEC shareholder registration threshold to 1,000. We'll
keep you posted as these bills progress. With questions, contact
Elizabeth Chandler, 404.420.2027, or
Joe Brannen, 404.420.2026.
October is Breast Cancer Awareness Month, Resources Available
 Breast
cancer is the most common cancer in women and October is
National Breast Cancer Awareness Month. In support of the cause,
the GBA Insurance
Trust is providing resources for members and their families to prevent and encourage early
detection of breast cancer. All are available through our online
GBA Insurance Trust Desktop Doctor Health and Wellness Portal.
While you're logged in to the Desktop Doctor portal, be sure to
check out all the features there that provide you with your
medical plan details, personalized coverage, cost history and
interactive planning and wellness tools.
Learn more about breast cancer awareness resources and link to
the Desktop Doctor Health and Wellness Portal...
SBA Approves $30 Billion in Small
Business Loans in Fiscal 2011
 More
small business loans were backed by the SBA in fiscal year 2011 than
at any other time in the agency’s history. During the fiscal
year, which ended Sept. 30, there was a reported $30.5 billion
in lending to small businesses and start-ups through SBA's two
largest loan programs, compared to $22.6 billion in 2010 and
$17.9 billion in 2009. The total for 2011 also included about
$5.8 billion in loans to more than 16,000 start-up small
businesses, the most since 2008.
See more encouraging small biz lending stats from SBA programs
here...
2011 BankPAC
Campaign Update
Thanks to all who have contributed to the GBA StatePAC and GBA
FedPAC during the 2011 BankPAC Campaign. There is still a lot of
work to do in just a few months time. For those who haven't
contributed yet, please consider making a contribution to help
our advocacy efforts. Contributing to our PACs helps us support
candidates committed to a strong banking industry. For your
convenience, the contribution
forms for the GBA StatePAC and GBA FedPAC have the suggested
giving amounts for your bank and individual contributions.
See who contributed
to the GBA BankPAC this week...
Brochures
are in the Mail!
Register Today for the Annual
GBA Credit Conference
Dec. 8-9
GBA’s Annual Credit Conference will be Dec. 8-9 at the
Renaissance Waverly Hotel in Atlanta. Kicking off the conference
will be former FDIC Chairman, Bill Isaac, with a keynote
address covering the national banking system, economy and
regulatory reform. Don't miss his remarks or any of the other
outstanding sessions the committee has planned. We’ve secured a discounted hotel
room rate of $119 for attendees, so make your reservations early
by calling the hotel directly at 770.953.4500.
Sign up for the 2011 Credit Conference today...
Just Scheduled!
How to Handle Robberies,
Kidnappings, Bomb Threats, Hostage Situations; Seminar Oct. 26
With a tough economy
also comes an increase in bank robberies. Learn
the latest techniques for deterring robberies and helping law
enforcement and staff deal with the aftermath of a robbery at
the GBA Bank Robbery and Physical Security Seminar Oct.
26. With this training, you can prepare your staff to
effectively handle a robbery with calmness and confidence.
Find out more about this recently-scheduled event and sign up
today...
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. |
Bank Counsel Conference
and
President/CEO Conference
Oct. 9-11
Greensboro
Support the GBA BankPAC
BankPAC
Golf Classic
Oct. 26
Macon
Just
Scheduled!
Bank Robbery and Physical Security Seminar
Oct. 26
Macon
Internal Audit Seminar
Oct. 27
Macon
Employee Investigations Seminar
Nov. 2
Macon
Finance/Operations
Roundtables
Nov. 3-9
Macon
Senior Lending Officer Peer Group
Dec. 8
Atlanta
Credit Conference
Dec. 8-9
Atlanta
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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