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Looking for or Know of a Great
Product/Service Provider?
Check out GBA's Online Associate Member
and Bank Counsel Search and Referral System
Distressed
Bank D&O, REO and Bond Insurance Coverage from McEver & Tribble
The insurance marketplace has changed significantly. Many banks
coming off two- or three-year policies are having more
difficulty finding coverage or getting the coverage they need.
Some carriers are not renewing policies, offering lower limits
or excluding regulatory coverage and other key policy
provisions. McEver & Tribble can help.
Find out more about the lines of coverage your bank may need
from McEver & Tribble...
Greater
ATM Access Drives Increased Customer Satisfaction
One of the most important things
customers look for when choosing a
checking account
is how extensive the bank's ATM network is. Customers want to avoid
out-of-network ATM fees. GBA members can increase
customer satisfaction and attract new business with greater ATM
coverage from InterCept Switch, which was designed to
level the playing field for customers of financial institutions
with less current ATM coverage.
Learn more about the surcharge-free InterceptSwitch network...
Job Bank
Find a job, post
a job
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Pledging Pool
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Two Bills
of Interest Introduced in U.S. Senate
 The U.S. Senate Banking Committee's ranking
republican, Sen. Richard Shelby
(R-AL), introduced late
last week S. 1615, the Financial Regulatory
Responsibility Act of 2011. The bill
would mandate that regulators do a detailed analysis of a rule's
benefits and costs, including its effect on economic growth and
net job creation. Also introduced last week is S. 1600, the Communities First Act, by Sen.
Jerry Moran (R-KS) which is a companion bill to similar
House legislation we've been tracking. The bill covers several
areas of interest: increasing the number of bank shareholders
necessary for SEC registration,
enhancing rural lending programs in small communities, extending
the 5-year net operating loss (NOL) carry-back provision through
2011 for banks with $15 billion or less in assets; and exempting
financial institutions with assets of less than $1 billion from
certain requirements of Sarbanes-Oxley.
Read more about the two
Senate Bills introduced recently...
 FinCEN
Reports Mortgage-Loan Fraud Surge; GA is No. 7
The second quarter of 2011 saw a surge in Suspicious Activity
Reports (SARs) on mortgage-loan fraud. Financial institutions
filed 29,558 mortgage-loan SARs during the period, up from
15,727 in the same quarter of 2010.
Georgia ranked No. 7 by volume and No. 11 on a per-capita basis.
While Georgia still has a high incident rate of mortgage fraud,
we continue to move down the numerical rating list, as we were
once number one.
Learn more about the uptick in Mortgage Fraud
over the last year...
Georgia Jobs and
Investment Bright Spots
The
Georgia Department of Economic Development said companies
it worked with invested about $4.4 billion dollars in the state
and created 22,000 jobs last fiscal year - both double-digit
percentage increases. And, about 60 percent of those projects
were outside of the state's major metro areas.
A recent survey by
Area Development Magazine also ranked
Georgia No. 2 in the U.S. as a site selection location of
choice. It also ranks the state No. 1 for workforce and labor
availability, and No. 2 for infrastructure.
Read more about the companies that are creating jobs and some
other encouraging employment and investment trends...
New Guidance for End-of-the-Year Submission of Guaranteed Files to
USDA
 Any
institution participating in the USDA Rural
Development Guaranteed Loan Program is required to implement and
disclose the new 0.3 percent annual fee to applicants in
accordance with RESPA by Oct. 1. Additionally, the up-front
guarantee fee for purchase transactions will decrease from 3.5
percent to 2 percent for purchase loan transactions and the
up-front guaranteed fee for refinance loan transactions will
remain at 1 percent.
Access more information and new Guarantee
Fee and Annual Fee Calculators here...
 We're
No. 1 as Consumer
Check Scam Awareness Campaign Winds Down
In the Fall of 2010, GBA, the Consumer Federation of America and
several other groups launched the Don't Become a Target
Campaign to educate consumers about how to avoid getting
ripped off by check scams. More than 30 Georgia banks are
participating in the program, which officially ends in
November. Georgia banks have distributed a total of 67,050
brochures, the most by any of the 10 states where the project is
being conducted. There are still resources available at
right here
that banks can use. Get more information about the Don't Become a Target Campaign…
Great
Crowd Expected at President/CEO
and Bank Counsel Conferences
Join more than 100 of the state's banking leaders and learn from a
stellar lineup of industry experts at this year's GBA President/CEO
and Bank Counsel conferences scheduled Oct. 9-11 at
The Ritz-Carlton Lodge, Reynolds Plantation in Greensboro.
You've still got time to register, and there are a few rooms still
available. Just, click
here
to register for the President/CEO Conference and
here
for the Bank Counsel Conference. We've sent confirmation packets
and updated registration lists to all the attendees, but please
let us know if you need more information. With questions, please
contact GBA's
Susie McGehee
at 404.420.2010.
Countdown
to Compliance Conference Underway
Fair Lending Compliance expert Gary Clayton will lead one
of many outstanding sessions at this year's GBA Compliance
Conference next week. A Fair Lending Examination Specialist
with the FDIC, Clayton will discuss management of Fair Lending,
Fair Lending in the FDIC Compliance Manual and current trends
seen in the banking environment. There's still time to sign up
and join us. The conference is Oct. 4-5 at the Idle Hour
Country Club in Macon. For more information, please contact
GBA's
Marybeth Jones
at 404.420.2032.
 Georgia
Peanut Bank Week is Oct. 10-14
Sponsored by the Georgia Peanut Commission in cooperation with
the Georgia Bankers Association, Georgia Peanut
Bank Week is a perfect opportunity for your bank to support
Georgia's $2 billion peanut crop. Our state is responsible for 49 percent of U.S.
peanut production, and the industry employs 50,000 Georgians.
The Georgia Peanut Commission has promotional materials you can
order form its website
here, some of which are free. For more information, contact
Marcus Evans of the Georgia
Peanut Commission at 229.386.3470.
Learn more about Georgia Peanut Bank Week and be on the lookout next
week for delicious recipes for all your favorite Georgia Peanut
dishes and desserts...
 Financial
Literacy News
Get Smart About Credit Day is Oct. 20
Help young Georgians build a solid financial foundation and
demonstrate just how committed bankers are to our communities by
participating in Leadership GBA's and that ABA Education
Foundation's annual
Get Smart About Credit Day
Oct. 20. Participation is easy, and The ABA Education
Foundation has created an excellent resource kit that contains
everything you need for your presentation. Included in the kit
are a video, lesson plans, hands-on activities and worksheets.
It's just a couple weeks away.
Find out more and download the free resource kit today...
2011 BankPAC
Campaign Update
 Contributions
continue to come in for the 2011 BankPAC Campaign, and thanks to
all who have contributed to the GBA StatePAC and GBA FedPAC.
There is still a lot of work to do, so please contribute.
Were happy to report a strong showing from the GBA Associate
Membership in contributions this week.
See
who else contributed to the GBA BankPAC this week...
Newsmakers:
Read about all the Georgia bankers making news this week...
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Kathe |
Rogers |
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. |
Fair Lending Compliance
Compliance Conference
Oct. 4-5
Macon
Bank Counsel Conference
and
President/CEO Conference
Oct. 9-11
Greensboro
Support the GBA StatePAC
BankPAC
Golf Classic
Oct. 26
Macon
Employee Investigations Seminar
Nov. 2
Macon
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AIB Online Instructor Led Courses
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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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