About the GBA
I Professional Development I
Government Relations I
Services
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October 7, 2005 |
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Credit Unions Going After Bank Reg Relief Bill?
The officers, directors and staff of the following banks have contributed to the GBA FedPAC:
Thanks to
all for your support. Please call
Elizabeth Chandler at (404) 420-2027 for more
information. Click
here
for this week's
BankPAC Update.
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. With questions, please call GBA’s Fran Williams at (404) 420-2015. Get Smart About Credit Day–October 20 As a banker, you know better than most how a positive payment history can help you achieve your dreams - to own a home or send your child to college, even lend a hand in an emergency while a poor credit report can close doors - to mortgages, financing your own business, even to getting a job. Young people need to know how to use credit wisely which is why we urge you to go into high school classrooms, connect with youth groups, and visit college campuses across America on “Get Smart About Credit Day” on Thursday, October 20. At this event, bankers across the nation will help young people get smart about credit now so they can make smart financial choices later. As a community leader, you can help young people learn the dos and don’ts of credit now. Participation is easy. Contact your local high school, connect with youth groups, or visit college campuses and schedule a credit presentation for October 21–Get Smart About Credit Day. The ABA Education Foundation has created an excellent resource kit that contains everything you need for your presentation. Included in the kit are a video, lesson plans, hands-on activities and worksheets that youth can relate to. You may order your resource kit online or call the ABA at 1-800-BANKERS. If you have any questions about the kit or the program, call GBA’s Fran Williams at (404) 420-2015 or Susie McGehee at (404) 420-2010. Help make a difference in the lives of young people. Status of Important Banking Cases The ‘Status of Important Banking Cases’ is made available monthly to members of the Bank Counsel Section as an enhanced value to your membership. Our thanks to the American Bankers Association's Office of General Counsel for providing this resource. If your bank’s counsel is not yet a member, check out the benefits of joining. Please call GBA’s Renee Valdez at (404) 420-2036 for more information. BCBSGA Networks Good News: Macon’s Medical Center of Central Georgia continues in the networks and Coliseum Health System, including Coliseum Medical Centers and Coliseum Northside Hospital in Macon, will re-enter the PPO, HMO and POS networks effective October 1, 2005. We notified you several weeks ago that The Medical Center of Central Georgia was terminating its PPO, HMO, POS, and indemnity network contract. We are happy to announce now that all three hospitals will be in our networks. Blue Cross Blue Shield of Georgia continues to be pro-active in negotiating with healthcare providers in our state. If you have any questions, please call GBA’s Susan Kelley at (404) 420-2017. Welcome New Participants The GBA Insurance Trust, Inc. Board of Directors welcomes to the Trust Eastside Commercial Bank, Conyers, John Mey, CEO and Cash Transactions, LLC, Austell, Ronney Henderson, CEO. These companies join more than 290 community banks and associate members in this unmatched member benefit. Please call GBA’s Susan Kelley at (404) 420-2017 for details. 2005 GBA Salary Survey Complete We appreciate everyone’s participation in this year’s survey. The completed survey has been sent to those banks that participated in the compilation. We are very excited with this year’s survey and have added quite a few new features including trend reports requested by this year’s Human Resource Sub-Committee. If you were unable to participate but would still like to receive a copy, please contact GBA’s Kenyetta Parks at (404) 420-2035. Pricing is based on the asset size of your bank so everyone can take advantage of the survey. 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 Bulletin. Resume postings are also available. For more information please contact GBA’s Renee Valdez (404) 420-2036 or Kenyetta Parks (404) 420-2035. Latest Bank to Link Welcome to Mountain Heritage Bank, Clayton, Jim Wallis, CEO, as the latest bank to link to GBA’s website. Call Lydia Thomas at (404) 420-2039 when your bank is ready to link. Pledging Pool Participation Rapidly Increasing We are pleased to see the participation for the Pledging Pool Program increasing among our member institutions and excited to be a part of this Program. The Pledging Pool Program, administered exclusively through GBA Services Inc., has seen a dramatic increase in awareness throughout the public sector since it began operation January 1, 1999. GBA Services, Inc. was selected by the State as administrator of the Pledging Pool based primarily on our long history of providing exceptional administrative services to member institutions. We have established a sophisticated administration process and data processing system to track pooled collateral activity associated with each participating public depository institution. Each participating financial institution may establish its own collateral pool based on public depositors that select the pooled approach in lieu of the current dedicated method. Using the pooled method, financial institutions are able to pledge a pool of securities against all public deposits, allowing for better control of the 110% collateral requirement. This simplified process reduces safekeeping and administrative costs without disrupting day-to-day operations and allows you, the bank to better maintain your excess collateral. To learn more about how the Pledging Pool Program can benefit your bank and your public depositors, please contact GBA’s Kenyetta Parks at (404) 420-2035. Currently Participating? For those banks that are currently participating in the Georgia State Pledging Pool, please forward all audits pertaining to the securitization of your public depositors’ deposits. Audits are responded to through the GBA office, an additional benefit with your participation in the Georgia State Pool. To learn more about this program or for audit information, please call Kenyetta at (404) 420-2035. Congratulations to… Bartow Morgan, Chairman and CEO of The Brand Banking Company in Lawrenceville, who was recognized by Georgia Trend in the magazine’s Forty Under 40 – the Best and Brightest story in this month’s edition. Newsmakers: Athens - Bank of Athens John McCann has been named to the bank’s Advisory Board of Directors. Atlanta - Atlanta Business Bank Edward J. Cooney has been appointed President and Chief Financial Officer. Ronnie Austin will continue as Chief Executive Officer. Atlanta - Ceto and Associates Douglas Ceto has been named Executive Vice President. Congratulations, also, to CEO Nicholas Ceto, officers and staff on the firm’s landmark signing of its 100th client in the 12th Federal Reserve Bank District. Atlanta - Fidelity Bank Richard McCrea has joined the bank as Senior Vice President and Credit Officer and James Daniel Preston as Senior Vice President. The bank also announces the following promotions: Brian Phillips and Scott Giordano to Vice President; Susan Hampton and Michele Owenby to Assistant Vice President; and Scott McLay to Banking Officer. Buford - Georgia Trust Bank Congratulations to CEO Mike Allen, officers, directors and staff on the recent opening of the bank’s Cobb Division Office where James LeBow will serve as President and Rosalind McMullan as Retail Banking Manager. Dudley - Bank of Dudley Congratulations to CEO Beth Vaughn, officers, directors and staff on celebrating 100 years in community banking. Savannah - Darby Bank & Trust Company Laura M. Moore has joined the bank as Vice President, Commercial Lending. Savannah - First Chatham Bank Congratulations to CEO Brian Foster, officers, directors and staff on the recent opening of the bank’s Wilmington Island branch. Smyrna - Community Bank of the South Jana D. Scroggins has joined the bank as Commercial Banking Officer. |
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