Georgia Bankers Association - The Resource that Empowers
August 6, 2010
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2010 GBA Salary Survey Info E-Mailed Last Week
With your participation, in the 2010 GBA Salary Survey we will be able to provide salary data from banks throughout Georgia. The results will available in mid-September. Participation is free, and earns you $200 off the price of the results and you will be entered in a drawing to win a $100 gift card. If you have questions, or would like a paper copy of the input packet mailed to you, contact Kenyetta Parks at 404.420.2035

 

ABA Insurance Program: Bond and D&O Coverage

The GBA-sponsored insurance program managed by ABA Insurance Services, Inc. is a bank-owned mutual insurance company managed by a board comprised primarily of bankers. Since inception, the program has insured over 4,000 banks. In addition, the program has declared $67.5 million in distributions to ABA member policyholders. Read more about ABA Insurance Services Inc. here...

 

Discounted Pricing Available for Local Market Interest Rate Data

RateWatch offers GBA members discounts on important competitive interest rate data to help you with your pricing decisions and also to evaluate your local interest rate markets related to FDIC rules for rate caps. Read more about Rate Watch here..

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Interchange: Collins Amendment Dashes Damaging Durbin Provision

Last week we told you about more efforts by Ill. Sen. Richard Durbin to limit interchange rates as part of the 2011 Financial Services and General Government Appropriations Bill. As a good-news update, just after we went to press last week the Senate Appropriations Committee approved an amendment striking Durbin's interchange language from the legislation. Read more about the Collins Amendment...

 

Mortgage Regs.: Dodd-Frank Provisions Significant, Will take Time to Implement

A whole section of the Dodd-Frank financial reform bill is dedicated to mortgages (Title XIV). Bryan Cave's John ReVeal posts a thorough summary on the law firm's web site about Dodd-Frank, but there are a few nuggets we thought were important to point out. Many of the details will be familiar to Georgia bankers as they were in the original Georgia Fair Lending Act. Read some of the highlights...

 

South Georgia Community Bank Symposium Scheduled for Sept. 23

Heads up South Georgia community banks: the Georgia Bankers Association, along with the Langdale College of Business at Valdosta State University, will host its first Community Bank Symposium Sept. 23 on the university’s campus in Valdosta. This event will feature experts who will focus on the many issues facing the banking industry today. Topics include an economic outlook, regulatory issues and trends, the potential impact of federal guarantees for community banks’ small business lending programs, accounting and auditing issues in key areas and much more. Learn more and register for the Symposium here...

Man Sentenced to 39 Months for Role in Omni National Bank Scheme
Brent Merriell
, 38, of Atlanta, was sentenced to 39 months for making false statements to the FDIC and for aggravated identity theft. Merriell took out millions of dollars in illegal loans from Omni and will face five more years of supervised release as part of the judge’s order. Read more about the case here...

National Housing Stats Paint Mixed Picture

Through the first half of the year, stats about the housing industry show some significant improvement, but some serious struggles remain. See the most interesting stats here...

 

Corporate ID Theft Hits Georgia Businesses

Scammers who are forging corporate identities to commit financial fraud are active in Georgia, said detective Fran Foster of the Duluth Police Department. Read more about ID theft in Georgia here...

 

Top 10 Consumer Complaints Include Fake Foreclosure Help

A survey recently conducted by several consumer groups identified the top 10 consumer complaints for 2009. Complaints about credit and debt were second on the list of categories, and complaints about phony offers to save consumers' homes from foreclosure were the fastest-growing complaint for the year. Read more about the concerns of consumers here...

 

Fed Raises Fee Threshold for Loan Disclosures
The Federal Reserve last week raised the dollar amount of the fee-based trigger that imposes additional disclosure requirements under the Truth in Lending Act and Home Ownership and Equity Protection Act for mortgage loans. Beginning Jan. 1, 2011, the trigger amount will be $592. Read more about disclosure thresholds here...

 

OCC Reminds Banks of Appeals Process for Disputing Agency Decisions
Got a beef with the OCC? The OCC reminds national banks that its Office of the Ombudsman's national bank appeals process is in place for national banks that disagree with agency decisions. Read more about the appeals process here...

 

2010 BankPAC Campaign Update
The 2010 BankPAC Campaign continues to get good support from our members. See this week's BankPAC update...


GBA Retirement Services Q2 Update

Second Quarter 2010 was a disappointing period for the stock market, but fortunately we have seen some improvement during the past couple of months. Read more about retirement returns here...

 

Newsmakers: More about Georgia Bankers...

Howard

Parker

Gray

 

 

 

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.

 GBA|U

HEADLINE EVENTS


New: Compliance Conference and Security Workshop
Oct. 19-20

New: Marketing Conference
Oct. 26-27

Senior Lending Officer Peer Group Meeting
Aug. 10

President/CEO Conference
What's Next for Community Banks Session a Highlight
Oct. 3-5

BankPAC Golf Classic
Oct. 27


AIB Online Instructor Led Courses

AIB Online IRA Training

In-person Seminars

Webinars

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/competencies you need to have those jobs and links to training and development by job title.

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