A regular electronic
publication of the Georgia Bankers Association
|March 7, 2003
About the GBA
Georgia Banks Online
Strategic Partners &
Bank Counsel Section
Banking Expo in Three Weeks
has arrived and that means it’s showtime! GBA’s tradeshow is just
around the corner. Banking Expo
2003 will be held on March 25-26 at the Cobb Galleria Centre in
Atlanta and will feature over 90 exhibitors. On Tuesday, March 25, the Operations/Technology
Committee, chaired by Susan Bly, Georgia
Bank & Trust of Augusta, has invited Harold Brewer, CEO
of Brintech, Inc.
in New Smyrna Beach, FL, to open
Banking Expo with his remarks and to moderate a panel of experts from
banks and bank service companies sharing their insights on how to use
technology to gain strategic advantage in the marketplace. Panelists
include: Joe Evans, CEO, Flag
Bank, Atlanta; Dan Blanton, CEO, Georgia Bank &
Trust of Augusta; Bill Butler, CEO, Futurus
Bank, Alpharetta; and Danny Johnston, CEO, Safe
Systems, Alpharetta. On Wednesday, March 26, the committee has
planned eight informative educational
sessions to complement the exhibits.
These sessions will provide valuable information on hot issues
including identity theft, income generation, funding alternatives,
document imaging, customer relationship management, NACHA rules, small
business development, and data security/confidentiality. “GBA’s show
provides a combination of educational sessions along with a wide array of
exhibits. You can’t get a better value anywhere for $25 per person, so
don’t miss this great opportunity” says GBA Chairman Larry Kuglar. Please
take advantage of the registration discount by bringing at least four (4)
of your staff members to this event. If you have any questions, please
call GBA’s Susie
Jones or Edie
Canales at (404) 522-1501!
GAFLA Amendments Passed|
The State Senate has passed
the House version of S.B.
53, the amendments to the Georgia
Fair Lending Act, and the bill is on the way to the Governor for his
signature. The bill contains
all the changes recommended by the working group which consisted of the GBA,
Community Bankers Association and the Georgia Credit Union
Affiliates. The bill passed
the House on Tuesday.
“The legislature has acted responsibly in dealing with a complex
and controversial issue thereby restoring stability to the entire mortgage
market in Georgia,” said GBA Chairman Larry Kuglar, President of First
National Bank of Polk County in Cedartown.
“We appreciated the bipartisan approach taken by the House and
especially appreciate the intercession of Governor Sonny
Perdue to encourage the Senate to adopt the House-passed bill.
Had the Senate not passed the bill yesterday, a conference committee
would have been appointed and the issue would have been delayed for some
time,” he concluded. Click here
for a summary of the changes in the bill.
A hearing was held this week
by the House
Financial Services Committee on legislation which would reform the FDIC.
GBA members have suggested several changes to the system such as
raising the deposit limit; capping the amount of money in the BIF and SAIF
accounts; and developing a mechanism to rebate excess reserves when the FICO
Bonds are retired. The new bill would index
the amount of coverage to inflation, merge the Bank Insurance Fund and the
Savings Association Insurance Fund, increase coverage limits for municipal
deposits, double coverage limits for individual retirement accounts and even
out bank premiums to avoid sharp increases during times of recession.
Last year the U.S.
House of Representatives passed a somewhat similar bill, but was
never acted on by the full Senate. With
the new bill indexing coverage rather than immediately raising it, there may
be a better chance that the bill could pass this year.
2003 State Legislative
Governor Sonny Perdue
Lt. Gov. Mark
Georgia House of
Georgia State Senate
Reform Bill Introduced
Congress is not giving up on bankruptcy
reform, something they have tried to pass for almost 10 years.
A bill identical to the bill passed by the House last year has been
introduced which the GBA supports.
SBA Lifts $500,000 Loan Cap
Administrator Hector V.
Barreto of the U.S.
Small Business Administration has lifted a 5-month cap on
SBA-backed loans and invited participating lenders to resume submitting
applications for guaranteed loans up to the $2 million statutory limit.
The decision was made possible by President Bush's recent signing of
legislation that allows the agency to implement its revised econometric
subsidy model, which more accurately forecasts the actual costs of the
7(a) loan program. The model will be applied retroactively to the
beginning of the current fiscal year.
The econometric model, in combination with appropriation levels
provided in the FY 2003 budget, will allow the agency to approve more the
$9.4 billon 7(a) loans during the current year, plus $1.8 billon in STAR
loans that have already been made. The decision to lift the loan cap is effective immediately.
in Budget Recess
Assembly will be in a
two-week recess beginning today to wrestle
with the need to find revenues to balance the budget. State agencies have been asked to come up with $90 million in
cuts, but so far there has been no consensus on whether these cuts are
enough. The legislature will
reconvene March 24 and expects to complete their work on April 16, one of
their longest sessions in history.
Housekeeping Bill Passes
Department’s annual housekeeping bill, S.B.
78, was passed by the Senate last week and is pending in the House
Banks and Banking Committee.
The most significant feature affecting banks is the ability for
banks to adopt a LLC corporate structure.
for further details.
2003 Bank PAC Campaign
Many thanks to Pete Malone at McIntosh
State Bank in Jackson who contributed to the GBA FedPAC.
The 2003 campaign will officially kickoff in April, but early
contributions will be greatly appreciated given the great demand on the
GBA PACs during the last election cycle.
Remember that state chartered banks can contribute to the StatePAC;
individual officers, directors and salaried employees can contribute to
the FedPAC; and national bank holding companies are encouraged to
participate in the Political Education Fund.
Please call Elizabeth
Chandler at the GBA at (404) 420-2027 with any questions.
Calendar of Events
Institute of Banking
Personal Economics Program
Frontline Compliance Training
Compliance Training has never been more important than in today’s
highly regulated banking industry. Protect
your bank by training your employees with short self-paced online classes.
These classes take between 15 and 60 minutes to complete.
Once you sign on to the course, you will have access and can review
and refresh your memory for six months.
The following classes are expected to be available by June 2003:
Special pricing packages are available that will
allow as few as ten employees to take ten classes at the low price of
$9.50 per class. Training has
never been easier or more affordable than with eLearning.
For information on how to enroll your employees, please contact
Canales at (404) 420-2034.
Soldiers & Sailors Relief Act;
Fair Housing Act, National Flood Insurance Reform Act;
Expedited Funds Availability Act (Reg. CC);
Electronic Funds Transfer Act (Reg. E);
Truth in Savings Act (Reg. DD);
FDIC Deposit Insurance Regulations;
FIRA (REG. O);
Bank Protection Act;
Bank Bribery Act;
Home Mortgage Disclosure Act (Reg. C);
USA Patriot Act
Office of Asst. Control Regulations (OFAC);
Community Reinvestment Act (CRA); and
American with Disabilities Act (ADA).
GBA is offering an ABA/AIB five-week online insurance compliance course.
This instructor-led online course starts April 7, 2003 and provides a
fundamental understanding of the compliance issues in insurance transactions
in a banking environment. Participants
in this class will learn how to avoid prohibited practices, act in
compliance with federal and state regulations, and develop basic sales
illustrations that comply with insurance regulations. They will also
understand the perspective of regulators and their relationship to insurers.
The course is designed for employees working in bank affiliated
insurance units, compliance and bank marketing departments.
The cost of the 5-week course is $315.
For registration information, please contact GBA’s Edie
Canales at (404) 420-2034.
Georgia Banking School
There is still time to
register for the first year class in the Georgia
Banking School, which will be held on the University
of Georgia campus May 4-9. The School is the premier school in the
state for Georgia bankers to receive a well-rounded education in all areas
of banking. More than half the
students at LSU’s
Graduate School of Banking are graduates of GBA’s Georgia Banking School. The
three-year school is essential for all Georgia bankers seeking to advance
their careers. Call Marybeth
Jones at (404) 420-2032 for more information.
HR Conference to Be Held in Savannah
Resources Conference is one of the most anticipated educational
opportunities for those who manage the HR function in their banks. This
year’s conference will be held May 22-23 at the Marriott Riverfront Hotel
in beautiful, historic Savannah, Georgia.
The theme for this year’s agenda is “The Ethical Workplace”.
Topics to be covered include the importance of a code of ethics,
communication and implementation of the code of ethics, performance
management, and selection. Each
session will be followed by table discussions or case studies.
Join colleagues for a reception and scenic riverboat cruise. For more
information, contact GBA’s Marybeth
Jones at (404) 420-2032.
|Insurance Trust, Inc.
GBA Services, Inc.
Retirement Services Update
Modular bank building: 2100
sq. ft. (35x60). Six offices with dual customer service areas,
operations area, employee lounge/bathrooms, and teller work area.
New teller line with matching check desk, new carpet, upgraded
security system with new cameras and monitor.
Office security system with new cameras and monitor. Office
fully furnished with Hann desks, credenzas, bookshelves and Lazy
Boy executive and side chairs. Available mid-February. Total price
$150,000. Contact Chuck Barnes or Kent Sanford at SouthBank,
Piedmont Community Bank will have a 1,600 sq ft
modular bank unit available in late May 2003.
Unit is complete with cameras, VCR, alarm system, teller
counter, drive-in window, vault, night drop, etc.
Price negotiable. Can
arrange for delivery and setup.
Parker at (478) 986-5900.
The Board of Directors
of the GBA Insurance Trust,
Inc. welcomes to the Trust Oglethorpe Bank, Brunswick, Laura
Cross, CEO. This firm joins
more than 275 community banks and associate members in this unmatched member
benefit. Please call GBA’s Susan Kelley at (404) 420-2017 for more information.
Introduces New Online Branch Ordering Solution
Checks and related accessories available through ConnectionPoint™
American, a leading provider of checks and check-related services,
contact center services and direct response marketing solutions, unveiled its
newest online branch ordering solution, ConnectionPoint, in November 2002.
This innovative check and accessory ordering application provides Clarke
American’s financial institution partners with a redesigned and simplified
ordering process for their branch employees.
ConnectionPoint supplies branch employees a more dynamic and
user-friendly experience when placing orders for their accountholders. ConnectionPoint
offers online, real-time order entry and an enhanced order verification
capability to reduce errors associated with the ordering process. In addition,
the application contains a Business Product ordering experience complete with
commercial product recommendations to assist in retaining and attracting a
growing business account holder segment. Clarke American partners also have the
opportunity to co-brand the online ordering Web site with their financial
institution’s logo and company colors.
Clarke American provides checks and check-related services,
contact center services and direct response marketing solutions for the
financial services industry. Clarke American, a recipient of the 2001 Malcolm
Baldrige National Quality Award, will be exhibiting at GBA’s Banking Expo
2003. For more information,
please contact Clarke American’s Steve
Garrett at (770) 754-1420 or GBA’s Renee
Valdez at (404) 420-2036.
Clarke American will be exhibiting at GBA’s Banking
Expo, Booth # 326
Albany, Albany Bank
Whitney Herndon has joined the bank as Marketing Coordinator.
La Donna Urick has been promoted to Director of Human
Resources; Debbie Wood to Loan Officer; Leslie Murphy
to Banking Officer; and Tanya Bullard to Assistant Banking Officer.
Keadle Moore, LLP
Deborah Sessions has been appointed to the Board of the Possible Woman
David Senior has been promoted to Executive Vice President/Senior
Bank & Trust
Bill Poitevint has joined the bank as First Vice President and
Operations Manager; Shade Storey as Assistant Vice President and
Branch Manager; and Stacye Morgan as Banking Officer and Internal
Steven L. Holcomb has been elected President and Chief Operating
Bank of the South
Wes Smith has joined the bank as Commercial Lending Officer.
Citizens Bank of Effingham
Altamaha Bank &
Harry H. Shearouse has been appointed Chairman of the Board and Michael
T. Lee President and Chief Executive Officer.
Dwayne Creamer has joined the bank as Vice President and Branch
Manager of the Hazlehurst branch.
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