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CBA Today eNewsletter - April 9, 2014 - Community Bankers Association of Georgia
CBA Today eNewsletter - April 9, 2014 - Community Bankers Association of Georgia.html[10/27/2014 11:37:05 AM]
April 9, 2014
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CBA Spring Regional Luncheon Meetings Off to a Fantastic Start!
With over 70 attendees at Chateau Elan in Braselton last week and over 60 attendees in Marietta yesterday, the 5th Annual Spring Regional Luncheon Meetings are off to a great start!
The meetings began with the popular and well-attended Bankers Only Peer Group which included a Legislative Update from Dan Brannan, James-Bates-Brannan-Groover, LLP and a briefing on accounting issues from Tim Veal with Nichols, Cauley & Associates, LLC.
Bankers and CBA associate members enjoyed networking before the luncheon and heard two impressive presentations on “Managing Interest Rate Risk for Optimal Balance Sheet Performance,” and “Ways to Grow Your Business in a Challenging Environment.” The Chateau Elan Golf Club offered a great day of golfing for the PAC/PR Tournament. The next PAC/PR tournament will be held April 16th in Albany.
“We're addressing two hot topics at the Spring Meetings,” stated Rob Braswell, President & CEO of CBA. “Regulators are focused on interest rate risk, and bankers are interested in generating growth. Bankers and Associate Members love the fact that they do not have to travel far to hear these impressive speakers as well as develop relationships. It was great to hear so many positive comments about the first two meetings.”
It’s not too late to register for the remaining three sessions. Join CBA in Macon tomorrow, April 10th, in Albany, April 16th, or in Valdosta, April 17th. View the flyer for more details!
Scenes from the 2014 Spring Meetings & Braselton Golf Tournament
Upcoming Events
Spring Regional Luncheon Meeting
April 10Macon
Spring Regional Luncheon Meeting &
Golf Tournament April 16Albany
Spring Regional Luncheon Meeting
April 17Valdosta
CBA Resources
2013 Georgia Financial Directory
Career Center
FDIC Regulatory Calendar
Salary Survey
CBA Today eNewsletter - April 9, 2014 - Community Bankers Association of Georgia
CBA Today eNewsletter - April 9, 2014 - Community Bankers Association of Georgia.html[10/27/2014 11:37:05 AM]
Banks Urged to Beef Up Defenses Against DDoS Attacks, ATM FraudAmerican Banker reports banks have a fresh reason to raise their defenses against denial-of-service attacks and ATM fraud: regulators are watching. In two statements issued recently, the Federal Financial Institutions Examination Council pushed banks to set up better security controls on both fronts.
One statement warned banks to be on the lookout for a type of ATM fraud in which criminals can withdraw large amounts of cash, outside any account or other limits the bank has set up. The U.S. Secret Service calls "Unlimited Operations," and in its alert, the FFIEC noted that a single attack netted scammers over $40 million. Click here for full article.
Statement of Applicability to Institutions with Less than $1 Billion in Total Assets: The Financial Institution Letter (FIL) applies to all FDIC-supervised institutions.
Learn more about cyber-attacks at the CBA Dell Secureworks Information Technology Security Conference, August 14-15, 2014 The Westin Savannah Harbor Golf Resort & Spa. Contact Jodi Swilley for details.
House Banking Panel to Examine Regulators' Cost-Benefit AnalysesThe House Financial Services Committee will hold a hearing with senior regulatory officials to explore the costs of recent rulemakings and other agency actions. The banking panel will hear from the chief lawyers of the Consumer Financial Protection Bureau, Federal Deposit Insurance Corporation, Federal Reserve Board, Office of the Comptroller of the Currency and the National Credit Union Administration.
"This hearing will examine the economic consequences of recent rulemaking, supervisory, and enforcement actions" at the agencies "on consumers, community financial institutions, the U.S. economy, and our domestic job-creating businesses," according to a memo circulated recently by the committee.
Lawmakers will focus on how regulators evaluate costs and benefits of their rules and actions, including "the steps federal regulators take to measure the impact on consumers if they no longer have access to specific products or services as a result of regulatory action," the memo said. The banking panel will also investigate how the agencies determine whether to undergo formal rulemaking under the Administrative Procedure Act.
Regulators Extend Compliance Period on Volcker Rule for CLOsAmerican Banker reports regulators will extend by two years the conformance period under the Volcker Rule for banks with legacy collateralized loan obligations. A fight has been brewing over a provision in the Volcker Rule that could force banks to sell off billions of dollars in CLO holdings before it goes into effect in July 2015.
The rule, which is designed to restrict banks' investment in hedge and equity funds, determines that institutions have an "ownership interest" if they have a vote in removing management. Click here to read the full article.
EMV Migration Forum Expects Major Increase in US Chip Adoption in Next Year BankNews reports U.S. EMV chip adoption is poised for exponential growth in the next year from today’s estimated 17 to 20 million EMV chip cards and millions of EMV-capable
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CBA Today eNewsletter - April 9, 2014 - Community Bankers Association of Georgia
CBA Today eNewsletter - April 9, 2014 - Community Bankers Association of Georgia.html[10/27/2014 11:37:05 AM]
terminals and ATMs, some of which already accept EMV chip cards, the EMV Migration Forum announced at its March meeting. The Forum also provided in-depth briefings on the significant progress in working through technical challenges relating to EMV debit implementation, resulting in an industry stakeholder-supported debit technical solution framework.
“In the last few months we have seen a dramatic shift in the interest and understanding of the benefits that EMV chip cards provide, particularly in helping to lessen the impacts of payment data breaches and to prevent counterfeit card fraud. As a result, the U.S. migration is accelerating and there is a refreshed urgency in resolving issues and moving forward as quickly as possible,” said Randy Vanderhoof, Director, EMV Migration Forum. “Given the commitment and work of our membership and the recent progress in resolving debit challenges, I think in the next year we could see a hundred million or more chip cards issued and more than double the number of installed terminals.”
Since its inception in 2012, the EMV Migration Forum has brought all industry stakeholders, including global payments brands, financial institutions, merchants, processors, acquirers, regional debit networks, industry associations and industry suppliers together to work collaboratively towards a successful migration.
Congratulations to CBA Members Appointed to ICBA CommitteesCBA congratulates the following who have been appointed to serve on ICBA committees, councils and task forces this year:
George Andrews, Capitol City Bank & Trust Company, Atlanta Minority Bank Council
Paul Bennett, Alma Exchange Bank ICBA Political Action Committee
Lisa Lane, State Bank & Trust Company, Macon Large Community Bank Council
Dan Oliver, Vinings Bank, SmyrnaICBA Political Action Committee
Derek Williams, First Peoples Bank, Pine Mountain Regulation Review Committee Chair
Policy Development CommitteeFHLBank Task Force
Rob Braswell, Community Bankers Association of Georgia, Atlanta Regulation Review Committee, SRP Executive (ex-officio)
Make a Difference in Washington! Georgia Community Bankers are Heading for the HillIn less than three weeks, a group of Georgia community bankers and more than a thousand community bank colleagues from across the U.S. will be in the nation’s capital for the ICBA 2014 Washington Policy Summit. Here are just a few reasons why you should attend:
The more bankers we have on the trip, the more impactful our message will be to our congressional delegation and the federal regulatory leaders. We have a good-size group attending now which offers a chance to network with your counterparts from across the state.
There is no ICBA registration fee this year for any attendee.
Regarding Georgia’s congressional delegation, CBA has already contacted all
CBA Today eNewsletter - April 9, 2014 - Community Bankers Association of Georgia
CBA Today eNewsletter - April 9, 2014 - Community Bankers Association of Georgia.html[10/27/2014 11:37:05 AM]
David Peterson
Chief Strategic Officer i7strategies
of their offices and have scheduled an ambitious 14 visits over the two fast-paced days.
You will engage with your Members in Congress, influence important issues of public policy and hear firsthand from the nation's top banking and financial leaders.
Presenters include new Federal Reserve Chair Janet Yellen and FDIC Chair Martin Gruenberg, in addition to Senators Heitkamp and Corker.
Don't miss this opportunity to add your voice to the community bank conversation with policy makers and regulators at the upcoming ICBA Washington Policy Summit. Learn More and Register. Please contact CBA if you plan to attend for dining and transportation needs. This is an experience you won’t want to miss!
Learn About Technology Trends at the Leadership Division Convention!We're creating a league of our own, and now is the time to reserve your spot at the CBA's 36th Annual Leadership Division Convention & Mini-Trade Show, Thursday - Sunday, June 26-29, 2014, being held at the spectacular Ritz-Carlton in Amelia Island, FL. Enjoy a few days exploring miles of pristine beach while gaining useful information to help you succeed in your industry! Hear David Peterson, Chief Strategic Officer, i7strategies, Hahira, GA, share his presentation, "Technology Trends: What You Should Know!" As community bank executives look to meet current and future challenges, technology has become a great equalizer. Now more than ever, creativity and core competence in operations, payments and technology is what differentiates banks for long-term success in the increasingly commoditized world of financial services. Join us for a candid review of the technology trends and challenges facing today's leadership, and learn what you must know now to leverage technology and capitalize strategically on the biggest opportunities for growing your institution. Mr. Peterson is a well-recognized pioneer in ebanking and payments, with a national reputation as a subject matter expert in online banking and payments. As a seasoned entrepreneur and thought leader, he is frequently published in regional and national publications on a wide range of electronic banking, virtual branch, payments and marketing topics.
Watch for details on other industry All-stars who will be featured at the convention! Click here to view the convention brochure. Reserve your room today for the Leadership Division Convention. As always, spouses and children 17 and under of fully registered delegates/exhibitors are free. Hurry, grab your gear, and register today!!
Contact Lindsay Greene to become a sponsor or exhibitor. For general information about the convention or the resort, contact Peake Wilson.
CBA Today eNewsletter - April 9, 2014 - Community Bankers Association of Georgia
CBA Today eNewsletter - April 9, 2014 - Community Bankers Association of Georgia.html[10/27/2014 11:37:05 AM]
Community Banking Month is Here!The beginning of April marked the kickoff for Community Banking Month where bankers were offered tools to help build awareness of the industry nationwide. Celebrating Community Banking Month is an excellent way to thank your customers for banking locally. Now is the time to remind the public of how community banks can and do improve the quality of life of your community. It’s not too late to plan an event for this year. Click here for some quick and fun ways to celebrate!
Other FREE ideas on celebrating Community Banking Month are available for download! CBA encourages community bankers to use the custom resources throughout the month of April. CBA also encourages bankers to share photos on CBA's Facebook page of how their bank is celebrating this special month. Contact Shera Banks at (770) 541-0380 for more information.
6th Annual Bank Directors’ & Executive Management Conference Tuesday, May 13, 2014 | The Cobb Energy Performing Arts Centre, Atlanta
FEATURED SPEAKERS
To learn more about this popular conference, click here for the brochure and to register, click here or contact Jodi Swilley.
Applications for CBA's Memorial Scholarships Due by Friday The time has come for CBA to award deserving college students with our annual Memorial Scholarships. Banks, please submit all applications to CBA no later than Friday, April 11, 2014. Questions? Please contact Shera Banks at (770) 541-0380 for more information.
CBA Today eNewsletter - April 9, 2014 - Community Bankers Association of Georgia
CBA Today eNewsletter - April 9, 2014 - Community Bankers Association of Georgia.html[10/27/2014 11:37:05 AM]
Six Berman Fink Van Horn Attorneys Recognized as 2014 Georgia Super LawyersBenjamin Fink, Alan Lubel, William Piercy, Charles Van Horn and Kenneth Winkler have been named to the Georgia Super Lawyers list as top attorneys in Georgia for 2014. Only 5 percent of the lawyers in the state are selected by Super Lawyers. In addition, Neal Weinrich has been named to the Super Lawyers Rising Star list, a prestigious recognition for no more than 2.5 percent of the lawyers in Georgia who are 40 and under or have been practicing for 10 years or less.
This year also marks the second consecutive year that Benjamin Fink and Charles Van Horn were named to the Top 100 Georgia Super Lawyers list, a distinguished honor for select Lawyers across the state of Georgia. Click here for entire press release.
FASB to Issue Final Guidance on CECL Model in 2014 During a recent Financial Accounting Standards Board (FASB) meeting, two key decisions were announced related to the Current Expected Credit Loss (CECL) model. The FASB is currently discussing the proposed Accounting Standards Update, Financial Instruments-Credit Losses (Subtopic 825-15), with the goal of developing final guidance for the impairment of financial assets. The March 12th meeting minutes call for the final ASU to be issued in the second half of 2014. Click here to read full article. Submitted by CBA Endorsed Member, Sanaa Bhambri, Sageworks
Register Today for the Sageworks/CBA ½ day seminar! ALLL: Complying with the New Regulations, Tuesday, April 29, 2014, JHTC at CBA Headquarters, Atlanta
FINANCIAL INSTITUTION RISKS UNCOVERED: How New Threats are Impacting the Insurance LandscapeThe risk landscape for banks is evolving. It is more important than ever that banks talk to their insurance brokers or agents about their current exposures and ensure that they have adequate insurance coverage to protect themselves. More and more, today’s thefts come in the form of funds transfer fraud, loan losses, or employee embezzlement, rather than traditional robberies.
Large un- or underinsured losses can undermine depositors’ confidence and the soundness of the institution, without the right protection.
At the same time, banks and credit unions should understand that the evolution of risks may mean changes to coverages, pricing and limits. As discussed further below, the reality of shifting risks and new exposures faced by insured institutions can also lead to unsustainable loss ratios for carriers without such changes. Click here to read the full article. Submitted by CBA Endorsed Member, Tracey Santor, Travelers
Microsoft’s® End of Support for Windows® XPBeginning April 8, 2014, Microsoft® will no longer provide patch maintenance for Windows® XP. While SHAZAM is committed to assisting with the migration of ATMs to a different operating system, it is important to understand SHAZAM will continue to support Windows XP.
End of Support Definition Windows XP will not suddenly stop working overnight. Instead, end of support means security updates, nonsecurity hot fixes, free or paid assisted support options and online technical content updates will not be available. Click here to read the full article. Submitted by CBA Endorsed Member, Kathy Schmitt, SHAZAM
SAVE THE DATE for Carr, Riggs & Ingram's Desination: CRITUESDAY, MAY 13, 2014 | 5:00 p.m. - 7:30 p.m.
Carr, Riggs & Ingram | 4360 Chamblee Dunwoody Road | Suite 420Atlanta, GA 30341
Your first class ticket includes cocktails, appetizers, music, prizes, and socializing with Community Bankers Association of Georgia members and CRI's Financial Institutions Team.
CBA Today eNewsletter - April 9, 2014 - Community Bankers Association of Georgia
CBA Today eNewsletter - April 9, 2014 - Community Bankers Association of Georgia.html[10/27/2014 11:37:05 AM]
BrandBank – LawrencevilleThomas E. “Ernie” Harris has joined the bank as Senior Vice President and Director of Treasury Management.
Northside Bank - AdairsvilleLarry Flowers has been named CEO and President.
Northside Bank - AdairsvilleSteve Fehlenberg has been appointed to the Board of Directors.
Northside Bank - AdairsvilleBruce Thompson has been appointed to the Board of Directors.
HeritageBank of the South - AlbanyPatricia Maxwell has been named Director of Team Member Development.
HeritageBank of the South - AlbanyEvelyn Ross has been named Training Director of Team Member Development.
Georgia Primary Bank - AtlantaMichael T. Hatcher joined the management team as Senior Vice President and Commercial Lending Officer.
April 2014
Spring Regional Luncheon Meeting - Macon Thursday, April 10, Idle Hour Country Club
Spring Regional Luncheon Meeting - Albany Wednesday, April 16, Doublegate Country Club
CBA Today eNewsletter - April 9, 2014 - Community Bankers Association of Georgia
CBA Today eNewsletter - April 9, 2014 - Community Bankers Association of Georgia.html[10/27/2014 11:37:05 AM]
Spring Regional Luncheon Meeting - Valdosta Thursday, April 17, Rainwater Conference Center
Compliance Program I - RESPA/Regulation B & Z – Mortgage Rules Update Tuesday, April 22, Stonebridge Country Club, Albany
Compliance Program I - RESPA/Regulation B & Z – Mortgage Rules Update Wednesday, April 23, Savannah Hilton Garden Inn Savannah Airport
ICBA Washington SummitTuesday - Friday, April 29 - May 2, 2014, Washington D.C.
ALLL SEMINAR: Complying With New Regulations (NEW ½ Day) Tuesday, April 29, JHTC at CBA Headquarters, Atlanta
May 2014
Banker Regulatory ForumThursday, May 8, 2014 – JHTC at CBA Headquarters, Atlanta
6th Annual Bank Directors’ & Executive Management Conference (NEW DATE)Tuesday, May 13, 2014 – The Cobb Energy Performing Arts Centre, Atlanta
2nd Annual Southeastern Chairman’s SummitWednesday, May 14, 2014 – The Georgian Club, Atlanta
Community Bank Leadership Academy (NEW)Thursday, May 15, 2014 – Idle Hour Country Club, Macon
Writing an Effective Credit Memorandum (NEW)Tuesday-Wednesday, May 20-21, 2014 – JHTC at CBA Headquarters, Atlanta
Compliance Program I: Regulation Z, B and RESPA – Mortgage Rules UpdateTuesday, May 20, 2014 – The Forum, Rome
Compliance Program I: Regulation Z, B and RESPA – Mortgage Rules UpdateWednesday, May 21, 2014 – Hilton Garden Inn at Sugarloaf, Duluth
Compliance Program I: Regulation Z, B and RESPA – Mortgage Rules UpdateThursday, May 22, 2014 – Idle Hour Country Club, Macon
Analyzing Corporate Financial Statements and Tax ReturnsThursday, May 22, 2014 – JHTC at CBA Headquarters, Atlanta
June 2014
The Loan Review ProcessThursday, June 26, 2014 – JHTC at CBA Headquarters, Atlanta
36th Annual Leadership Division Convention & Mini –Trade Show
Thursday– Sunday, June 26 -29, 2013 - The Ritz- Carlton, Amelia Island, FL
We are community banking.
1900 The Exchange, Suite 600, Atlanta, GA 30339Phone: (770) 541-4490 / (800) 648-8215Fax: (770) 541- 4496 • www.cbaofga.com
CBA Today eNewsletter - April 9, 2014 - Community Bankers Association of Georgia
CBA Today eNewsletter - April 9, 2014 - Community Bankers Association of Georgia.html[10/27/2014 11:37:05 AM]
