April 11, 2008  


Legislature Completes Busy Session - It's a Wrap

It may not have been the prettiest of endings, but the General Assembly adjourned Sine Die April 4.  Ordinarily the presiding officers of the two chambers simultaneously gavel the session to a close.  However this year, the House adjourned several minutes before midnight as the Senate continued in session voting on one last bill.  While the media has constantly focused on all that was not done and the obvious acrimony among the leadership, the session turned out to be a good one for the banking industry. In the two years of this Legislative session, the GBA monitored, asked to be introduced, or worked to amend 73 separate bills.  Historically, most legislation of  interest to bankers would be considered by either the House or Senate banking committees.  While a number of important bills passed through these committees, we also had to work with the House Ways and Means Committee, House Judiciary Committee, Senate Finance Committee and Senate Judiciary Committee.  Issues as far ranging as bank taxation, foreclosure reform, class action law suits against banks, and preserving the use of bank-issued checks were considered by these committees.  While some legislators had a steep learning curve, overall we developed a good working relationship and were successful.    Throughout the session GBA published a weekly Legislative Update giving our members the latest information about the legislation we monitored on your behalf.  Please contact GBA's Elizabeth Chandler at 404.420.2027 with questions about any of these issues.

Here's what happened this week along with more information about the bills GBA monitored which passed and a few that were not passed. 

  • Mortgage Closing Exemption Bill Passes - Class Action Lawsuit Potentially Avoided
  • Security Deed Cancellation Bill Passes - Also Addresses Class Action Lawsuits
  • Legislature Passes Modest Foreclosure Reform Bill
  • Bank Taxation - Two Proposals End with Positive Results Possible
  • 19 Other Bills GBA Was Monitoring Passed
  • Several High Profile Bills Did Not Pass This Session
  • Contact GBA Staff Lobbyists With Questions

Federal Home Loan Bank Announces Additional Collateral Haircut
The Federal Home Loan Bank of Atlanta has sent a letter to its members announcing a 5% increase in the discount the bank applies to certain collateral.  In part the letter said, "In light of continued turmoil in mortgage and credit markets, the Federal Home Loan Bank of Atlanta will increase the discount it applies to Residential First Mortgage Collateral to 25 percent of Unpaid Principal Balance (UPB), resulting in a Lendable Collateral Value (LCV) of 75 percent of UPB. This compares to the current   discount of 20 percent of UPB and an LCV of 80 percent of UPB. This change will take effect on May 1, 2008, when the new discount will be applied to a member financial institution’s Pledged Qualifying Collateral."  The bank encourages you to contact your Relationship Manager or Regional Collateral Manager at 800.536.9650 if you have questions about how this change will affect your institution.  Click "More Details" above to read the letter.

Annual Convention Tour and Activity Registration Deadline Approaching
Just a reminder that the deadline for registration for the various tours and activities at the 2008 Annual Convention is May 15.  If you want to participate in any of the activities, just complete the tour and activity registration form online.  We will be happy to invoice your bank.  Some activities have limited space, so register early to guarantee yourself and your family a spot.    With questions, please contact GBA’s Susie McGehee at 404.420.2010. 

Last Call for Credit Conference Mid-Year Update

There are still a few spaces available for GBA’s Credit Conference Mid Year Update scheduled for Friday, April 18, at the Cobb Galleria in Atlanta.  Designed for chief credit officers, CEOs and CFOs, this one-day workshop will include up-to-date information about asset-quality deterioration in the Atlanta metro area and throughout Georgia.  Keynote speakers are:  Steve Powell, Steve H. Powell & Company; Elaine Demarest,   Demarest Strategy Group, Inc.; Barry Cohen, Mauldin & Jenkins, LLC; and Jerry Blanchard, Powell Goldstein, LLP.  The program will also include a summary of the critical challenges and issues for banks and as a roadmap for addressing these issues.  To register, please click here.  With questions, please contact Courtenay Pope at 404.420.2015 or Susie McGehee at 404.420.2010.

Economist Roger Tutterow to Speak at Leadership Conference

Registrations are coming in at a steady pace for Leadership GBA’s 48th annual Leadership Conference July 13-16, at the Ponte Vedra Inn & Club in Ponte Vedra, Florida. The Executive Committee has planned a great program you won’t want to miss. But no conference would be complete without an economic update.  Join Dr. Roger Tutterow for a timely overview of the national and regional economic environment.  Topics will include recent challenges to the economic expansion, the role energy prices play in consumer price inflation, recent tightening in the debt market and its implication for corporate activity and

  strategies, shifts in real-estate financing, the outlook for monetary and fiscal policy and the implications of the upcoming elections for the political climate nationally and locally.  The conference will also provide excellent networking opportunities for bankers from around the state to share ideas. For more information, please contact GBA’s Susie McGehee at 404.420.2010 or Jennifer Stevens at 404.420.2024.  Please click here to register.

Last Call for Loan Documentation for Lenders Seminar

There’s still space available at GBA’s Loan Documentation for Lenders seminar Wednesday, April 16, at the Ramada Plaza in Macon.  Thompson Kurrie, Jr. and Harrison Coleman, partners with Coleman Talley, LLP in Atlanta are the instructors.  Designed for loan officers, loan administrators and credit administrators at every level,  this one-day seminar

  will cover the basics of loan documentation and matters to consider before and after the loan closing, including the condition of the collateral, the condition of the title and the condition of the borrowers and guarantors.  With questions, please contact GBA’s Courtenay Pope  at 404.420.2015 or click here to register.

Compliance Peer Group Meeting April 17: Still Time to Register

The next Compliance Peer Group meeting is April 17, 2008, at the Idle Hour Country Club in Macon.  The topic of this quarter's meeting is the compliance aspects of the Mandatory Purchase of Flood Insurance Guidelines booklet.

  Roger Widdefield, Territorial Manager for the Region IV location of the National Flood Insurance Program, will lead the session.  To register, please email GBA’s Marybeth Jones.

Analyzing Commercial Financial Statements Scheduled for April 23-24
GBA will host its Analyzing Commercial Financial Statements seminar on April 23-24 at Idle Hour Country Club in Macon.  The registration fee is $295 for members and Mike Allen, President and CEO of Georgia Trust Bank in Buford, is the instructor.  Topics to be discussed include:
  • Cash Flow Analysis

  • A Systematic Framework for Applying Ratio Analysis

  • Financial Projections

  • Case Studies for Practical Application of Concepts Discussed

  • Early Warning Signals

 

Designed for entry-level commercial lending officers, credit trainees and analysts, this two-day workshop is designed to introduce and utilize a comprehensive and consistent approach to analyzing commercial financial statements.  Emphasis is placed on a practical methodology to assist bankers in evaluating the creditworthiness of a company. 

Please click here to register or contact GBA’s Courtenay Pope at 404.420.2015 with questions.


Rural Development and Lending Conference Scheduled

The Rural Development and Lending Conference is scheduled for May 15-16 at the Savannah Riverfront Marriott.  The 2007-2008 Agriculture Committee has planned an exciting agenda.   A block of rooms has been reserved until April 14.  Please call the hotel directly at 912.233.7722 to make your reservations.

  With questions or to register, please contact GBA’s Marybeth Jones at 404.420.2032.

AIB Classroom Courses

AIB classes meet three hours each week for two to 15 weeks and are held at a local financial institution.  If you would like to see a specific AIB course offered in your area or if you have questions about AIB classroom courses, please call GBA’s Alison Moreau at 404.420.2034.  Following are the upcoming AIB classroom courses for Spring/Summer 2008:

 

Legal Issues of New Account Documentation Scheduled in Macon & Gainesville

GBA will host its annual Legal Issues of New Account Documentation and Compliance on April 29 at Idle Hour Country Club in Macon and April 30 at the Best Western Lanier Centre in Gainesville.  The registration fee is $195 for members and Patrice M. Konarik, CFP with Sunwest Training Corp. in Gilchrist, Texas, is the instructor.

 

Designed for new accounts representatives, back-up new account personnel, certificate of deposit staff, bookkeeping and accountholder service personnel, and loan secretaries, this one-day seminar teaches new accounts personnel proper account opening procedures and compliance requirements.  With questions, please contact GBA’s Courtenay Pope at 404.420.2015.  Please register here for Macon or Gainesville.


Register Today for AIB Online Courses

Just a reminder that the following AIB online classes begin the week of May 5.  Please register two weeks in advance to secure a seat in the class.  These courses are instructor-facilitated with weekly assignments and can be taken from the comfort of your home or the convenience of your office.  All you need is a computer, printer and Internet access.  (Classes with an asterisk * require Microsoft Excel Software.)

 

There is still availability in the following AIB Online classes beginning April 28.  Please register as soon as possible to secure a seat in the class.

Please see the AIB Online Course Schedule for a complete listing or call GBA’s Alison Moreau at 404.420.2034 with questions.


Security Conference a Huge Success

Security Officers from across Georgia and associate members providing security services attended GBA's annual Security Conference last week in Savannah.  Many thanks to the 2007-2008 Security Committee for putting together a great agenda.  

 

A special thank you to our sponsors Gladiator Technologies, Inc. and Southern Bank Equipment & Supplies.  For more information about this program, please contact GBA’s Marybeth Jones at 404.420.2032.


New Strategic Partner for Executive Benefits

The Georgia Bankers Association (GBA), through its subsidiary, GBA Services, Inc. (GBASI), is pleased to endorse Holmes–Shaw/Comprehensive Corporate Strategies (CCS) as a Strategic Partner and preferred provider of Executive Benefits. Many of our members know the associates of the Holmes-Shaw Agency who market our Health and Dental Benefits for the GBA Insurance Trust. The Holmes-Shaw Agency has entered into a partnership with CCS to provide a full array of employee benefit solutions that have proven highly effective at attracting and retaining the best employees and executives.

  More importantly, Holmes-Shaw/CCS offers banks attractive financing strategies to reduce the impact of executive benefit programs.  Holmes-Shaw/CCS provides Executive & Director Benefit Plans, BOLI Financing Strategies & Annual Reviews, BOLI Audit Services, Analysis of Existing Supplemental Benefit Plans and Independent Regulatory Compliance & Administration.  For more information, please contact Holmes-Shaw/CCS’s Steve Roy at 770.645.2022 or GBA’s Josh Latina at 404.420.2022.

GBA Announces Updated Record Retention Guide

For many years, GBA members have relied on the association-produced Record Retention Guide to stay in compliance with state and federal retention requirements and to save money by not keeping records longer than necessary.  We are pleased to announce that a newly revised 2008 edition of the GBA Guide to Record Retention is now available.

Why do you need the Guide to Bank Record Retention?
The new GBA Guide to Bank Record Retention will provide the peace of mind that a complete record-retention policy and procedures manual provides.  This guide and manual will help your bank develop a complete, workable and understandable record-retention program that is vital to the bank’s daily routine.

  Appropriate record-retention policies are a safe and sound business practice because these policies help you maintain regulatory compliance and provide guidelines your customers can count on if their bank records are subpoenaed.  If you already have a record-retention policy, you will still want to buy the newly revised version to ensure your current policy is current.

The cost of the 2008 edition is $325 plus tax and shipping.  To order your copy, please contact GBA’s Kenyetta Parks at 404.420.2035.

GBA Job Bank
The Georgia Bankers Association offers free job posting resources for our member banks.  These listings can be viewed online or through our bi-weekly publication included in the GBA BulletinResume postings are also available.   For more information, please contact GBA’s Kenyetta Parks at 404.420.2035.

Some of the Services Available Through GBA Services, Inc.

Bond and D&O Insurance

Human Resources Solutions

Checking Club Programs

Internet Loan Closing Program

Community Reinvestment Act

Job Bank

CRM

Marketing

Discounted Check Program

Non-Qualified Executive Benefits (BOLI)

Discounted Local & Long Distance Program

Pledging Pool Program

Financial Industry Pre-Employment Assessments

Record Retention Guide

FinCrime

Senior Housing Crime Prevention Foundation

Financial Marketing Solutions (FMS)

Strunk & Associates, L.P.

Georgia Financial Directory

Thumbprint Signature Program

Georgia Law Code Book

Trust and Investment Services

Holiday Decals


 
GBA Services, Inc. is governed by a board composed primarily of community bank presidents who look for the best products and services available.    They do the due diligence for you and you can rely on their efforts.  For more information or to order any of these products or services, please call 404.522.1501.

Newsmakers    
Atlanta - Rockbridge Commercial Bank
Dick Cheatham
has joined the bank as Chief Financial Officer and Director of Marketing.

Marietta - Highland Commercial Bank

Our sympathy to the family and colleagues of Joseph A. Cochran who died recently.  Mr. Cochran was a charter organizer, Director, Chairman, and Secretary of the bank's Board of Directors.

Marietta - First Landmark Bank
Congratulations to CEO Ron Francis, the officers, directors and staff on the bank's recent opening.

Moultrie - Ameris Bancorp, Inc.
Our sympathy the family and colleagues of Eugene M. (Gene) Vereen, Jr. who died recently.  Mr. Vereen was the founder and first president of American Banking Co. which later became the first bank of ABC Bancorp. where he also served as the first Chairman of the Board of Directors.
 

Calendar of Events

Details for April

 

Conferences

 

May 15-16 Rural Development and Lending Conference Savannah
July 13-16 Leadership Conference Ponte Vedra, FL
Oct. 5-7 President/CEO Conference Savannah
Oct. 5-7 Bank Counsel Conference Savannah
     

Conventions/Events

 

May 20-22 Washington Legislative Visit Washington, DC
June 15-18 Annual Convention Dana Point, CA
     
 

Schools

 

May 4-9 Georgia Banking School Athens
May 18-23 Southeastern School of Commercial Lending Nashville, TN
May 18-30 Graduate School of Banking at LSU Baton Rouge, LA
June 8-13 Southern Trust School Mobile, AL
Oct. 22-24 Branch Managers Institute Macon
Nov. 2-7 Southern Operations & Technology School Athens
 

 

 

 

Seminars

 

April 15 Best Practices for Successful Supervisors Webinar
April 15

Implementing FACTA 312

Webinar
April 16 Loan Documentation for Lenders: Understanding Loan Documentation and the Condition of the Collateral, the Title and the Borrowers and Guarantors Macon
April 17

Exceeding Your Deposit Target, Part 1

Webinar
April 18 Credit Conference Mid-Year Update Atlanta
April 22 Fair Lending: Overview and New Developments Webinar
April 22 Flood Insurance Review & Update Webinar
April 22 Compliance Issues for Residential Lending Webinar
April 23 Construction Lending Webinar
April 23-24 Analyzing Commercial Financial Statements Macon
April 23 Robbery Preparedness for All Personnel  
April 24 Cross Selling & Stewardship Webinar
April 24

Exceeding Your Deposit Target, Part 2

Webinar
April 24 Microsoft Excel 2003/XP: Tips & Tricks Webinar
April 28 Opening Deposit Accounts III: Fiduciary Accounts Webinar
April 29 Checks & Holds for Tellers, Part 1 Webinar
April 29 Debit and Credit Card Fraud Prevention Webinar
April 29 Legal Issues of New Account Documentation & Compliance Macon
April 30 Legal Issues of New Account Documentation & Compliance Gainesville
April 30 Major Changes in Mortgage Lending – Reg. Z and RESPA Proposals Webinar
April 30 New Accounts: Identifying & Meeting Customer Needs Webinar
May 1 Opening New Accounts I Webinar
May 6 Safe Deposit Compliance & Legal - 2008 Update Webinar
May 6 Safe Deposit Series, Part 1:  Policies & Procedures Webinar
May 7 Telephone Skills Webinar
May 8 Advanced Consumer Lending Macon
May 8 Analyzing Personal Statements & Tax Returns Webinar
May 9 Fair Lending - Positive Steps to Risk Reduction Webinar
May 12

Checks & Holds for Tellers, Part 2

Webinar
May 13 Appraisal Requirements – New Rules and Developments Webinar
May 13 Regulation Z: An Overview Webinar
May 14 Internal Audit Macon
May 14 Safe Deposit Series, Part 2: Legal Documents & Issues Webinar
May 14 Successful Collecting & AR Management Webinar
May 15 Opening New Accounts II Webinar
May 20 Compliance 101 Webinar
May 20 Frontline Fundamentals Webinar
May 22 Making Training Stick! Webinar
May 22 Opening Accounts for Non-Resident Aliens Webinar
May 28 Bankruptcy, Garnishment, Liens & Levies Macon
June 4 Call Reporting Macon
June 10 Way to Go - Best Practices for the Frontline Webinar
Sept. 10 IRA Update and Review Workshop Macon
Sept. 11 IRA Update and Review Workshop Gainesville
Oct. 22-24 Branch Manager Institute Macon
Oct. 28 Advanced Loan Documentation Macon
Nov. 5 Bank Security Seminar Macon
Nov. 13 Analyzing Personal Financial Statements Macon
Nov. 20 UCC Update Macon
   
  American Institute of Banking (AIB)  
Ongoing AIB Online Courses Online
     
  AIB Classroom Courses  
April 22-June 24 Principles of Banking Winder
June 3-Aug. 5 Analyzing Financial Statements Atlanta
     
Board/Committee Meetings  
April 29-30 GBA Retirement Services Board of Directors Eatonton
July 27-29 GBA Insurance Trust, Inc. Board of Directors Ponte Vedra, FL
July 28-30 GBA Retirement Services, Inc. Board of Directors. Ponte Vedra, FL
Oct. 20-22 GBA Retirement Services, Inc. Board of Directors. Young Harris
Oct. 19-21 GBA Insurance Trust, Inc. Board of Directors Young Harris
     
  Roundtables/Peer Groups  
April 23 Finance Operations Roundtable A Macon
April 24 Finance Operations Roundtable B Macon
May 22 Finance Operations Roundtable C Macon
 
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Georgia Bankers Association • 50 Hurt Plaza, Suite 1050, Atlanta, GA 30303 • Phone 404.522.1501 • Fax 404.522.9848 • www.gabankers.com