A regular electronic publication of the Georgia Bankers Association

www.gabankers.com

January 18, 2002

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Bank Counsel Section
With the recent retirement of Section Chair, Lem Hewes of King and Spalding, Randy Bates of Bates, Kelehear, Starr & Toland, P.C. in Dalton assumes the chairmanship.  Our thanks to Lem for many years of service and congratulations to Randy in his new role with the Section.

Convention Materials Mailed
Convention brochures were mailed last week.  If you did not receive a copy or if you need additional copies, please call GBA’s June Somers at (404) 420-2012. You’ll be ready to pack your bags when you see all the exciting events and tours planned for the convention. Philadelphia is a great city filled with history, museums, fabulous restaurants and hot nightspots. Of course, the convention program is also one worth attending…good content and outstanding speakers. Sign up early and avoid the last minute rush. 

Best Wishes Steve Bridges
The GBA Board of Directors adopted a resolution honoring retiring Banking Commissioner, Steve Bridges at their meeting this week.  Bridges announced his retirement after 30 years of service to the State of Georgia.  “Steve has been an excellent Commissioner overseeing the state chartered banks in Georgia.  His leadership in reorganizing the Department has paid big dividends in its efficiency.  We will miss Steve’s level-headed approach to complex and sometimes controversial issues and wish him well in the future,” said GBA President Joe Brannen.  Steve was appointed Commissioner by former Governor Zell Miller and reappointed by Governor Roy Barnes.  He spent his entire state career with the Department.  Steve will become President of the Community Bankers Association of Georgia upon his retirement.

David Sorrell Acting Commissioner
Congratulations to David Sorrell who will become Acting Commissioner of the Georgia Department of Banking and Finance January 22, 2002.


GBA Chairman Jimmy Burnsed congratulates
Acting Commissioner David Sorrell

David has been with the Department since 1974 and Senior Deputy Commissioner since 1997.  He has served as Deputy Commissioner for Supervision, Director of Administration and Financial Examiner.  Prior to being with the Department, David was with the Bank of North Carolina, Jacksonville, in Credit Analysis and Loan Review.  David received his B.S. in Finance from the University of Alabama.  He has been a faculty member of the GBA Compliance School and is currently a faculty member of GBA’s Southern Operations and Technology School.

2001 State Legislative Issues
Governor Roy Barnes
Lt. Gov. Mark Taylor

Georgia House of Representatives
Georgia State Senate
Federal Legislative Issues
U.S. Congress
Legislative Updates
Legal Issues

 

 

Legislative Update for January 18, 2002

Realtors’ Campaign Heats Up
The National and Georgia Associations of Realtors continue to bombard members of Congress with their anti-consumer, anticompetitive campaign designed to keep banks out of the real estate brokerage and property management business.  “If we don’t match their grassroots campaign letter for letter, I’m afraid we’ll forever lose the ability to offer this service,” said GBA Chairman Jimmy Burnsed, President of Bryan Bank & Trust in Richmond Hill.  “I know most banks are like my own and we aren’t thinking about offering this service, but who knows what the future holds?  We ought to at least have this option open in the future, especially since the Realtors can do everything we do including making mortgage loans,” he continued.  The Realtors have been successful in their campaign among the Georgia delegation with six of the 11 House members cosponsoring their bill:  Jack Kingston (R-1st), Sanford Bishop (D-2nd), Mac Collins (R-3rd), Cynthia McKinney (D-4th), John Lewis (D-5th) and Johnny Isakson (R-6th).  

The American Bankers Association has made it easy for bankers to write letters to both Senators and your own member of Congress.  You do not have to be an ABA member to participate and the process is easy.  Type in your zip code and your representatives names will appear.  Add your name and address, press send and the three letters are automatically generated.  You can do the same thing by calling 1-866-464-9273.  The Federal Reserve and Treasury Department have concluded real estate brokerage and property management is a financial service that should be authorized for banks, and we need to support their findings.  Call GBA’s Elizabeth Way at (404) 420-2027 with questions.

Calendar of Events
Schools
Conferences
Seminars
Events
Georgia AIB
Leadership GBA
Personal Economics Program (PEP)
Internet Training

Interactive Internet Seminars
Senior Management seminar programs are now available through GBA’s alliance with the Graduate School of Banking at the University of Wisconsin-Madison.  These interactive online seminars are geared toward busy executives who want and need information but don’t have the time to spend a day or two out of town attending a seminar.  The seminars are offered in two to six sessions of 90-minutes each.  The sessions allow you to view the presentation over your computer and with your audio connection, you can not only hear the speaker but ask questions as well.  The speakers are nationally known presenters and are considered experts in their fields.  There are eight seminars scheduled for 2002.  Each seminar will be offered in the spring and fall.

  • A/L Management for Community Bankers (Feb) - Tom Parliament/Dave Koch/Tom Farin

  • Better Business Banking (Feb) - Steve Abercrombie and Carl Forssen

  • Best Practices in Credit Risk Management in Community Banks (Mar) -John Barrickman

  • Advanced Cash Flow Analysis & Loan Structure (April) - John Barrickman

  • Guerrilla Tactics For Pricing (April)  - Tom Farin and Dave Koch

  • Managing Your Way To Excellence (April)  - John Schmitz

  • Partnership Selling:  How To Make An Effective Sales Call (TBD) - Kent Stickler

  • Current Issues in Employment Law (May) - Patricia Wise

The seminars are priced from $350 to $595 depending on the number of sessions. The good news is you are allowed as many participants as you like for only one registration fee. These seminars do sell out quickly.  The GBA is also offering a free seminar, The Art of Survival: 10 Critical Steps Your Business Customers Should Take Now for 2002; call GBA’s Edie Canales at (404) 420-2034 for more information. 

AIB Winter Semester begins February 4
If you have not received a copy of The GBA Advantage containing the entire AIB schedule, please call GBA’s Chhaya Patel at (404) 420-2015.  Don’t miss out…classes begin in two weeks!

Georgia Banking School
Twenty-six bankers took advantage of the Early Bird registration and enrolled in the 2002 freshman class in Athens. Having broken recent total enrollment figures for the past three years, another sellout at 70 is expected. We recommend each bank make its Georgia Banking School registration decisions soon.  Call GBA’s Marybeth Jones at (404) 420-2032 with questions.

Financial Risk Management Conference
The Asset/Liability Management Committee is pleased to present the 2002 Financial Risk Management Conference to be held March 13-14 at the Renaissance Waverly Hotel in Atlanta. Nationally recognized economist Christopher Low of FTN Financials (First Tennessee Capital Markets) in New York will address the economy in general as well as the recovery of interest rates.  Strategies for investment portfolio management and management of the bank’s funding dilemma will also be on the agenda. Our thanks to Rob Cochran, Committee Chair and Vice President and Treasurer of United Community Banks, Inc. in Blairsville, and the Committee for putting together an informative agenda.  You may call the Renaissance Waverly Hotel directly at (770) 953-4500 for reservations. The deadline for the reserved block of rooms is February 19.  Contact GBA’s Norma Guild at (404) 420-2031 for more information.

e-Learning New Pricing Structure
GBA is pleased to announce that our self-paced Internet courses (e-Learning) have been drastically reduced when you purchase more than ten seats at a time. These courses are two to six hours in duration and are delivered via the Internet in a self-paced format.  The fifty courses offered cover compliance, retail banking fundamentals, sales skills, trust and investments and small business banking.  To take advantage of the deeply discounted price, you must enroll between 10 and 24 students.  The prices are based on the number of enrollments per bank so more students mean even lower prices.  You can take the entire catalog of courses for as little as $136 per student!  You can also take a suite of courses such as The Compliance Suite or Retail Banking Fundamentals for as little as $54 per student, or you can choose ten courses from the catalog and pay only $95 per student. There are many options that are all cost effective.  For more information, call Edie Canales at (404) 420-2034.

Insurance Trust, Inc.
Retirement Services, Inc.
GBA Services, Inc.

Latest Bank Link
Welcome to Albany Bank & Trust, Bob Lee, President, as the latest bank to link to GBA’s website.  Call GBA’s Lydia Thomas at (404) 420-2039 when your bank is ready to be linked.

 

Identity Theft Video

 

 

 

Financial Directories
The Winter 2002 Financial Directory has arrived!   The directory provides you with quick access to information on all commercial banks and thrifts in the state of Georgia as well as information about our GBA standing committees.  If you are on our standing order list, you should have already received your copy.  If you need additional copies or would like to order yours, please contact GBA’s Renee Valdez at (404) 420-2036 or Kenyetta Parks (404) 420-2035.

2001 Law Code Supplements Available
The 2001 Law Code Book Supplements are in and contain the laws passed in the 2001 Legislative Session.  These Supplements complement the 1999 Georgia Banking Laws and Commercial Code book and the 2000 supplement.  If you have not replaced your old edition, we have very few available.  To order, please call GBA’s Renee Valdez at (404) 420-2036 or Kenyetta Parks at (404) 420-2035. 

Some of the Services Available Through GBA Services, Inc.

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 on any of these services, please contact Renee Valdez at (404) 420-2036.

Augusta, First Bank – Augusta
Cynthia Osborne has been elected Vice President. Joyce Frankenfield has been promoted to Assistant Vice President.

Carnesville, First Banks, Inc.
Tony Collins has been named President and CEO.

Macon, BB&T
Congratulations to President Bob Hatcher on his recent election as Chairman of the Georgia Chamber of Commerce.

Macon, New Southern Bank
Congratulations to Mark Stevens, President, and the officers, directors and staff on their recent opening.

Macon, Rivoli Bank & Trust
Mel A. Jamison has been promoted to Executive Vice President.

Statesboro, Sea Island Bank
The bank announces the retirement of C.R. Burnett, Ginger Gregory, Sue Hall and Bonnie Strange.  The bank also announces the following promotions:  Kim Brannen to Manager of Private Client Services; Chris Carter, Martha Grovenstein, Mary Beth Mock and Chad Wiggins to Banking Officer; and Ann Akins, Sheila Dupree, and Chris Bond to Vice President.

Trenton, Citizens Bank & Trust
Howard Doyle has been promoted to Assistant Vice President.

GBA's e-Bulletin List
Our e-Bulletin subscriber list continues to grow with each edition.  Bankers from any member bank can be added to the email-distributed version of the Bulletin.  A bonus of getting the e-Bulletin is the number of links we include, which puts even more information at your fingerprints. This is a great way to keep your key employees informed of significant industry information, trends and events. To add yourself or others in your bank to the list, send an email containing the name and email address of each individual to GBA’s Lydia Thomas.

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