February 29, 2008  


Legislature Has Busy Week - Several Bills of Interest Receive Action

GBA publishes a weekly Legislative Update giving our members the latest information about the legislation we are monitoring on your behalf.  Today's edition covers action in the Legislature this week:

  • More Foreclosure Bills Introduced - Hearing Process Begun

  • Committee Passes Deed Cancellation Bill

 
  • Uniform Investment Act Passes House

  • Appraisal Bill Reported from Senate Committee

  • Motor Vehicle Seizure Bill Passes House

  • Boat Titling Bill Stalls on House Floor

  • Wire Transfer Bill in Committee

Please contact GBA's Elizabeth Chandler with questions about any of these issues.


New Career Development and Planning Tool to Be Unveiled

GBA’s Alison Moreau and GBA Strategic Partner TalentQuest’s Jon Naphin will present a new online tool for career development and planning at the HR Professionals Institute scheduled for March 19-21 at the Savannah Riverfront Marriott.  Employees are constantly challenging their managers to help them develop in their current jobs and prepare to accept new responsibilities.  This new online tool will help banks better understand the GBA developmental resources that are best suited for a particular skill in a given job.  TalentQuest has also incorporated this content into their online performance management system enabling automated, position-specific

  performance appraisals which will generate targeted Individual Development Plans.  If talent management and development are important to your bank, you will want your bank’s HR professional registered for this Institute.  For hotel reservations, please call the hotel directly at (912) 233-7722.  With questions about the Institute or to register, please call GBA’s Marybeth Jones at (404) 420-2032.

Dialogue with Counsel on Tap at Annual Convention

Details are being finalized for GBA’s 2008 Annual Convention scheduled for June 15-18 at the St. Regis, Monarch Beach at Dana Point, California.  Back by popular demand is a dialogue with GBA’s Counsel Walt Moeling, Partner of Powell Goldstein, LLP in Atlanta.  This interactive session will focus on the impact on bank management, bank boards and bank operations in the most tumultuous 12 months in banking in the past 15 years.  

  These events will have a huge impact on how we operate, how the Regulators regulate and how investors invest going forward.  Take advantage of this great opportunity to share your matters of concern.  Convention brochures will be mailed this week.  With questions about the convention, please contact GBA’s Susie McGehee at (404) 420-2010.  Please click here to register.

Last Call for Advanced Compliance Symposium

There are still a few spaces available for GBA’s annual Advanced Compliance Symposium scheduled for March 4-5 at Idle Hour Country Club.  This two day workshop will include an in-depth look at the “new era” of Bank Secrecy Act compliance as well as several interactive case studies involving more complex residential mortgage loan transactions.  Participants will review recent regulatory changes and the compliance issues most frequently misunderstood by bankers on the deposit and loan side of the bank. 

  And back by popular demand is the regulator panel discussion.  In addition, there will be an in-depth discussion on how to audit or review for both loan and deposit/operations compliance.  If you have already registered for this event but are unable to attend on the new dates, please contact GBA’s Courtenay Pope at (404) 420-2015.  Please click here to register.

Last Call for Collections and Recovery Seminar

Just a reminder that GBA will host its Collections and Recovery seminar on Thursday, March 6, at the Ramada Plaza in Macon.  The registration fee is $195 for members and Gary Moser with Moser, Rose & Cox in Valdosta is the instructor.  Designed for personnel responsible for recovering money or collateral on behalf of the bank, this one-day seminar will provide   a comprehensive overview of the fundamental legal principles involved in the collection process. Topics to be discussed include collateral documents, the litigation process, borrowers defenses, judgments, levies and garnishments.  Please click here to register or contact GBA’s Courtenay Pope at (404) 420-2015.

AIB Classroom Course Slated:  Analyzing Financial Statements

Back by popular demand, AIB Analyzing Financial Statements will be offered again beginning March 18 for 10 weeks.  This class will be taught by Peter Faser of Security Bank at CornerstoneBank, Atlanta.  Class will meet every Tuesday from 6 p.m. - 9 p.m. ending on May 20, 2008.   The registration fee is $195 plus the cost of the textbook which is $75.  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.  Please click here to register.

Second Allowance for Loan and Lease Losses Workshop Scheduled
Just a reminder that GBA has scheduled a second Allowance for Loan and Lease Losses Workshop to be held on Wednesday, March 19, at Idle Hour Country Club in Macon.  Donny Luker and the team at Mauldin & Jenkins, LLC, Atlanta, will lead the workshop.  Designed for CEOs, chief lending officers and others responsible for the determination of the adequacy of the allowance for loan and lease losses, this one day seminar will bring you up to date on the Interagency Policy Statement on the allowance for loan losses.    Topics to be discussed include:
  • ALLL Methodology changes

  • Sample calculations

  • Qualitative and quantitative factor discussion

  • Consultation on implementation issues

With questions, please contact GBA’s Courtenay Pope at (404) 420-2015. Please click here to register.


Register for GBA Webinars Today

Just a reminder that GBA will offer the following webinars during the weeks of March 3rd and March 10th.  Webinars offer the opportunity and convenience of having a seminar at your bank.  All you need is a computer, Internet access and a telephone. 

  All webinars are live and allow time throughout for questions and answers.  The registration fee of $250 allows access to one website “seat,” one telephone site license and all hand out materials.  If you are unable to attend the webinar but would like to have the information for training purposes, you may also purchase the audio CD, handout materials and a password to view the information online.  Complete details about the webinar, topics being covered and information about the presenter can be found on GBA’s Calendar of Events.  With questions, please call GBA’s Courtenay Pope at (404) 420-2015.

Register Today for AIB Online Courses

Just a reminder that the following AIB online classes begin the week of March 24.  Please register two weeks in advance to secure a seat in the class.  These courses are instructor-facilitated with weekly assignments.  They 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 March 17.  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.


Rural Development and Lending Conference on Tap for Ag Lenders

The Rural Development and Lending Conference is scheduled for May 15-16 at the Savannah Riverfront Marriott and the 2007-2008 Agriculture Committee has planned an exciting agenda.  Topics include market trends and the economy, current farm real estate values, analyzing ag tax returns and financial statements, Center for Innovation update, and a regulatory panel discussion.  

  For hotel reservations, please call the hotel directly at (912) 233-7722.  A block of rooms has been reserved until April 14.  The brochure and registration form will be available soon.  With questions or to register, please call GBA’s Marybeth Jones at (404) 420-2032.

47 Georgia Banks Share $169,904 in Profit Distributions from ABA Insurance Program

February 17, 2008 — 47 Georgia banks that purchase D&O and Fidelity Bond insurance from the ABA-sponsored insurance program underwritten by Progressive Casualty Insurance Co., a GBA Strategic Partner, will share $169,904 in profit distributions this year from the program's reinsurer, the American Bankers Professional and Fidelity Insurance Company (ABPFIC).  Banks that are insureds of the ABA-sponsored insurance program and are ABA members automatically become owners of the mutual reinsurance company.  This year, ABPFIC has declared a distribution of $5,000,000 in underwriting profits to 1,052 ABA member banks nationwide that participate in the program.  Based on the mutual program's success and profitability, a profit distribution has been declared every year since 1990, totaling $63,500,000 to date.  

  The total distributed to Georgia banks is over $2,022,000 since program inception.  Participating banks nationwide will receive checks this year ranging up to $67,700.  A typical bank in the program, with $170 million in assets, will receive a check of $3,465 on average.  The program, underwritten by Progressive Casualty Insurance Co., offers directors and officers liability, financial institution bond, Internet banking liability, employment practices liability and other related insurance products for community banks.  Insured banks that are ABA members are automatically mutual owners of ABPFIC.  For more information, please contact Progressive’s Jason Faulkner at (800) 274-5222, Ext. 37583, or GBA’s Josh Latina  at (404) 420-2022.

We Will Miss...

We are saddened to report the death of a longtime GBA associate, Marion Holmes.  Marion died February 21st after an extended illness.  When a group of Georgia bankers gathered in 1965 to create the Georgia Bankers Association Insurance Trust, Marion was the agent selected to market the insurance to all the community bank members.  Through Marion's hard work, unceasing dedication to the cause of a great benefit program at the best possible price, and an attitude of service above self, the trust grew from an idea to what is now the largest trust of its kind in the country.  Almost 300 banks now participate in the program, which in large measure, is successful due to Marion's efforts to help our members understand and appreciate the value of working together for a common cause.  Marion retired several years ago after having brought along his protégé, Bruce Shaw, and forming the Holmes/Shaw Agency.  Marion's son, David Holmes, is carrying on the family tradition of working with the agency and is one of the calling officers for the Trust. 

    "Words cannot adequately express what Marion has meant over the years to the Trust, to individual bankers and to me, personally," said GBA President Joe Brannen.  "Marion always had a positive attitude, warm smile, terrific sense of humor, contagious enthusiasm and zest for living.  He was one of those people you just felt good being around; and to have him representing our Trust gave bankers a confidence their benefits were in good hands.  He was an inspiration and set the bar at the highest level for those who will follow after him," Joe concluded.  In addition to his son David, Marion is survived by his wife Virginia-Anne Holmes, three other children, six grandchildren and others.  His obituary from the Tifton Gazette can be read by clicking the More Details link above.

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    
Carrollton - First National Bank of Georgia
William R. (Randy) Whitaker
has been promoted to Executive Vice President.

Douglasville - Metro Bank
Congratulations to CEO Ken Barber, the officers, directors and staff on the bank's recent opening.

Jackson - First Georgia Community Bank
Arthur H. Hammond has been elected President and Chief Executive Officer to replace Emory B. Lewis who recently retired.  Congratulations to both Art and Emory.

Madison - Bank of Madison
Our sympathies the family of E. Roy Lambert, Jr. who died recently.  During his tenure with the bank, Roy served as Director, President and Chairman of the bank's Board of Directors.

Ringgold - Northwest Georgia Bank
Anne Wilkins and Terry Lamb have been elected to the bank's Board of Directors and Willis Dietz has been named Director Emeritus.

Villa Rica - Community Bank of West Georgia
Eileen Tibbetts has been promoted to Group Vice President, Commercial Lending at the bank's Community Bank of Paulding County.
 

Wilkins


Lamb

Dietz

Calendar of Events

Details for March

 

Conferences

 

March 5-6 Operations & Technology Conference Atlanta
March 19-21 HR Professionals Institute Savannah
April 3-4 Bank Security Conference Savannah
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

 

March 12-April 3 Bank Security Academy Macon and Savannah
Feb. 18-20 Southeastern School of Advanced Commercial Lending Nashville, TN
March 2-7 Southeastern School of Consumer Credit Nashville, TN
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
Nov. 2-7 Southern Operations & Technology School Athens

 

 

 

 

Seminars

 

March 4-5 Advanced Compliance Symposium Macon
March 4

Advanced Loan Documentation

Webinar
March 5 Lending to Municipalities Webinar
March 6 Collections & Recovery Macon
March 6

Implementing the New Identity Theft Red Flags, Part 2

Webinar
March 11 BSA, OFAC & Patriot Act Webinar
March 11 Cutting Your Losses for Frontline Personnel Webinar
March 12 Call Report for Banks - Highlights & Pitfalls Webinar
March 12 Ethics and Conflicts of Interest Webinar
March 12 Bank Security Academy, Session 5: Fraud Macon
March 13 2008 Update - Safe Deposit, the Fundamental Webinar
March 13 These People Drive Me Crazy Webinar
March 18

Allowance for Loan and Lease Losses Workshop
(This session is full but another is scheduled for March 19th)

Macon
March 18

Compliance Issues for Commercial Lending

Webinar
March 18 Opening Deposit Accounts, I: Business Accounts Webinar
March 19

Allowance for Loan and Lease Losses Workshop

Macon
March 19

The Art of Asking Questions: Your Key to Bank & Credit Union Sales -- Part 1

Webinar
March 26 The Art of Asking Questions: Your Key to Bank & Credit Union Sales -- Part 2 Webinar
March 27 Detecting "Counterfeit" Scams: Cashier Checks, Online-Chex, Money Grams & More Webinar
March 28 Lending to Self-Employed Individuals, Small Business Owners, Executives & Professionals Webinar
April 1 Analyzing Personal Financial Statements & Tax Returns Macon
April 2 Opening Deposit Accounts, II: Personal Accounts Webinar
April 16 Loan Documentation for Lenders Macon
April 23-24 Analyzing Commercial Financial Statements Macon
April 28 Opening Deposit Accounts III: Fiduciary Accounts Webinar
April 29 Legal Issues of New Account Documentation & Compliance Macon
April 30 Legal Issues of New Account Documentation & Compliance Gainesville
May 8 Advanced Consumer Lending Macon
May 14 Internal Audit Macon
May 28 Bankruptcy, Garnishment, Liens & Levies Macon
   
  American Institute of Banking (AIB)  
Ongoing AIB Online Courses Online
     
  AIB Classroom Courses  
March 18-May 20 Analyzing Financial Statements Atlanta
     
Board/Committee Meetings  
March 30-April 1 GBA Insurance Trust Board of Directors Cordele
April 10 GBA Board of Directors Macon
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  
March 7 President/CEO Roundtable, Group 2 Macon
March 25 President/CEO Roundtable, Group 4 Macon
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