CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia

CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia.html[10/27/2014 11:38:08 AM]

April 23, 2014

Events

CBA University

Industry Representation

Legislative Updates

Member Services

About CBA

Conferences

Conventions

Schools

Webinars

Banker Regulatory Forums

Compliance

Superior Products...Significant Discounts

Managed Internet Security Program

A CBA Endorsed Member Company

Spring Regional Luncheons a Rousing Success!

CBA’s five Spring Regional Luncheon Meetings attracted over 300 attendees statewide. With the two lunchtime topics, “Managing Interest Rate Risk for Optimal Balance Sheet Performance” and “Ways to Grow Your Business in a Challenging Environment,” the meetings were very popular and timely. Rob Braswell, President & CEO of CBA, reiterated, “We addressed two of the hottest topics…regulators are focused on interest rate risk and bankers are interested in generating growth. It was great to hear so many positive comments. I think everyone came away from the meetings with helpful ideas and useful strategies to address these issues.”

CBA’s is grateful for the generosity of its Associate Member partners who helped facilitate the meetings:

Dan Brannan (and colleagues), James-Bates-Brannan-Groover, LLP, Atlanta/Macon – Exclusive Spring Meeting Sponsor and provider of the Legislative & Legal Update during the Bankers Only Peer Group Meetings

Tim Veal (and colleagues), Nichols, Cauley & Associates, LLC, Dublin – Provider of the Accounting/Financial Update during the Bankers Only Peer Group Meetings

Danny Capitel, Promontory Interfinancial Network, LLC, Sandy Springs – Presenter of “Managing Interest Rate Risk for Optimal Balance Sheet Performance” on April 3rd, 16th and 17th

Al Forrester, FICast Data Corporation, Atlanta – Presenter of “Managing Interest Rate Risk for Optimal Balance Sheet Performance” on April 3rd

Lester Murray, The Baker Group, Oklahoma City, OK – Presenter of “Managing Interest Rate Risk for Optimal Balance Sheet Performance” on April 8th and 10th

John Brinkworth, Harland Clarke, Atlanta – Presenter of “Ways to Grow Your Business in a Challenging Environment” on April 3rd, 16th and 17th

Stephen Nikitas, Harland Clarke, Sterling, MA – Presenter of “Ways to Grow Your Business in a Challenging Environment” on April 8th and 10th

Scenes from the 2014 Spring Meetings

Upcoming Events

Compliance Program I - RESPA/Regulation B &

Z – Mortgage Rules UpdateApril 23

Savannah Airport

Allowance for Loan and Lease Losses (ALLL): Complying

With New Regulations April 29Atlanta

Banker RegulatoryForum

May 8CBA Headquarters

Atlanta

CBA Resources

2013 Georgia Financial Directory

Career Center

FDIC Regulatory Calendar

Salary Survey

CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia

CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia.html[10/27/2014 11:38:08 AM]

A Special Thanks to Our Spring Meetings Sponsor

Two Great Afternoons of GolfCBA’s Leadership Division (LD) is one of the most proactive groups in raising funds for the CBA – specifically for CBA’s Political Action Committee and Public Relations Funds (PAC/PR). Every year, the LD hosts golf tournaments to help raise funds for this worthwhile cause. The CBA maintains the only state PAC working exclusively for Georgia’s community banks. Again this year, the golf tournaments were held following two of CBA’s Spring Regional Luncheon Meetings attracting a greater number of participants. Peake Wilson, CBA’s VP of Corporate Events and Leadership Division stated, “Fellowship and camaraderie always go hand-in-hand with CBA events, making an educational session that much more meaningful.” CBA began hosting their annual golf tournaments in conjunction with the Spring Regional Luncheon Meetings last year.

The first 2014 tournament was held on April 3rd at Chateau Elan in Braselton, and the second was held on April 16th at Doublegate Country Club in Albany. With 65 golfers and 25 sponsors collectively participating, the tournaments will certainly enhance the PAC/PR funds in addition to the Inaugural PAC/PR Fundraising Events held earlier this year (January 23rd Women In Banking Seminar and March 25th Sporting Clay Event). Other efforts for PAC/PR fundraising are the “Runnin’ at The Ritz” 5k and the “Kids’ Fun Run” being held during the 36th Annual Leadership Division Convention & Mini-Trade Show in June.

Connect with CBA on LinkedIn, Facebook & Twitter!

CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia

CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia.html[10/27/2014 11:38:08 AM]

A Special Thanks to Our Golf Sponsors!

CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia

CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia.html[10/27/2014 11:38:08 AM]

FDIC Urges Georgia Justices to Say Bank Directors Can Be Personally LiableThe Daily Report Online reports the Supreme Court of Georgia is considering whether a Georgia law protects the corporate officers and former executives of a Buckhead bank that failed under their watch from personal liability for the bank's losses even if they neglected their corporate duties.

The justices heard oral arguments Monday because U.S. District Judge Thomas Thrash sought their interpretation of the state's business judgment rule and how it may apply to bank directors and officers in a suit brought by the FDIC against them.The business judgment rule, in general, protects company officers from liability when they make "good faith business decisions in an informed and deliberate manner," according to a 2009 ruling by the Georgia Court of Appeals (Brock Built v. Blake, 300 Ga. App. 816). The presumption behind the rule, according to the appeals court, is that a company's corporate officers have acted on an informed basis, in good faith, and with the belief that any actions they took were in the best interests of the company. As a result, they can't be held personally liable for managerial decisions that turned out badly, caused harm or led to a company's collapse, and the state courts shouldn't second-guess those decisions.

Thrash certified this question to the state Supreme Court: "Does the business judgment rule in Georgia preclude as a matter of law a claim for ordinary negligence against the officers and directors of a bank in a lawsuit brought by the FDIC as receiver for the bank?" The judge said he had been unable to find any clear precedent set by the Georgia high court that the rule applies to bank officers and directors, whose conduct is governed by separate state statutes. Click here for full article.

FEMA Restoring Subsidized Flood Insurance Rates on May 1 The Federal Emergency Management Agency said it will stop National Flood Insurance Program policy increases for certain subsidized policyholders in accordance with a new ICBA-backed flood insurance law. In a bulletin for Write Your Own insurance companies, FEMA provided guidance on how to adjust rates for certain pre-Flood Insurance Rate Map (FIRM) properties, which typically were built before the development of detailed flood maps.

Effective May 1, pre-FIRM properties that were subject to a full risk rate because they were purchased after enactment of the Biggert-Waters Act or because of a lapse in coverage will see their subsidized rates restored. Read the FEMA Bulletin.

Comptroller: Hackers Likely Turning Toward Community BanksBanks and thrifts that use third-party vendors must recognize the risks these relationships pose, Comptroller of the Currency Thomas Curry said. In a speech on cybersecurity, Curry noted that institutions that supplement their resources with outside providers should have risk-management practices commensurate with their risks. As the big banks improve their IT defenses, hackers likely will turn their attention to community banks, he said. Click here to read more.

CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia

CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia.html[10/27/2014 11:38:08 AM]

OCC Reports Increased Loan Growth Among Southern District Community Banks and ThriftsThe Office of the Comptroller of the Currency (OCC) today reported that the average loan growth rate doubled among community national banks and federal savings associations (FSAs) located in the nine states that make up the OCC’s Southern District from 2012 to 2013, reaching 4 percent in 2013. Some areas experienced even greater average loan growth with as much as 11 percent in areas of Texas and Oklahoma, and 6 percent to 7 percent in some areas of Florida. The growth rate reflects the difference between new loans put on the books minus pay-offs. The OCC’s Southern District includes Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Tennessee, Texas and Oklahoma. Click here to read the full news release. Click here for the facts sheet.

NRF to Establish Retail Information-Sharing Platform to Combat CybercrimeBank Credit News reports the National Retail Federation recently said it will establish a program to provide the retail community with information on cybersecurity threats identified in the financial services sector. The program, which will be developed in partnership with the Financial Services Information Sharing and Analysis Center, will set up an information-sharing platform for information security specialists in the retail industry. The plan also calls for a retail ISAC to be established in June.

“We believe a heightened and well-coordinated information sharing platform such as a retail ISAC is a vital component for helping retailers in their fight against cyberattacks,” NRF President and CEO Matthew Shay said. “Establishing a new program takes time, but time is not our friend when it comes to stopping these sophisticated and unpredictable criminals. The willingness of the FS-ISAC to work with retailers provides our industry with a new and important tool as we explore all of the options available for merchants to protect their customers and their businesses.”

FDIC Hosting Free Deposit-Insurance Seminars for Bank Officers and Employees The FDIC will conduct the following 12 free seminars on deposit-insurance coverage for bank officers and employees between May 6 and Dec. 4:

Four sessions on "Fundamentals of Deposit Insurance Coverage" (Fundamentals Seminar), which will provide an overview of the rules for determining deposit insurance coverage for the nine most common account ownership categories.Four sessions on "Deposit Insurance Coverage for Revocable Trust Accounts" (Revocable Trust Seminar), which will focus on the rules for informal and formal revocable trust accounts.Four sessions on "Advanced Topics in Deposit Insurance Coverage" (Advanced Topics Seminar), which will focus on government accounts, mortgage servicing accounts, bank mergers, pass-through deposit insurance coverage, and other deposit insurance topics.

The agency announced it is hosting four sessions each on the fundamentals of deposit insurance coverage, coverage for revocable trust accounts, and advanced topics in deposit insurance coverage. Each seminar also will be followed by a question-and-answer period with FDIC subject matter experts. Read more from FDIC.

Let's Go Runnin' at the Ritz!All Stars, join us on the track for the Runnin' at the Ritz 5k and Kids Fun Run held Saturday, June 28th at the CBA's 36th Annual Leadership Division Convention & Mini-Trade Show at The Ritz-

CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia

CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia.html[10/27/2014 11:38:08 AM]

Carlton in Amelia Island, FL. Reserve your spot today!

Choose from a 5K for adults or Kids Fun Run! So bring your kids to this fundraising activity and make it a family affair! The run begins Saturday morning on the beach at approximately 6:15 a.m. for adults and 7:00 a.m. for kids. Adult registration fees benefit CBA's PAC/PR, and children's registration fees benefit Children's Healthcare Strong4Life program. All registered attendees will receive a t-shirt for the run. In this friendly competition, there will be a prize for one male and one female winner, and all kids will receive a medal! Don't worry; there will be plenty of time to refresh before breakfast and the General Session.

Want more exposure for you company/bank? Be one of the sponsors for this run and have your company's name displayed on the backs of the runner's t-shirt as they cross the finish line! Thank you to our premier sponsor for the run, Nelson Mullins Riley &

Scarborough LLP, Atlanta. If you would like to become a sponsor, please contact Lindsay Greene. For general information about the convention or the resort, please contact Peake Wilson.

Register to attend the convention today! Click here to view the convention brochure. Click here to reserve your room for the Leadership Division Convention. The deadline to receive the group rate is Tuesday, May 27, 2014, or when the CBA block is full. Reserve today! As always, spouses and children 17 and under of fully registered delegates/exhibitors are free.

6th Annual Bank Directors' & Executive Management Conference Tuesday, May 13, 2014 | The Cobb Energy Performing Arts Centre, Atlanta

FEATURED TOPICS

"Five Common Mistakes of Remaining Independent”"Retaining Your Key Executives and Directors – Tax Efficient Benefit Strategies That Won’t Break the Bank”"What Keeps Bankers up at Night? The Trends and Topics in Compensation that Keep you Tossing and Turning”"The Paperless Board Meeting”“Cyber Crime: Unauthorized Electronic Funds Transfers The Modern Bank Robbery”‘A Conversation with Senior Deputy Commissioner Pleger”"Emerging Challenges for Community Bankers”"Five Common Mistakes of Buyers and Sellers in the Acquisition Market”

Don’t miss this opportunity to hear from industry experts while you network with other community bankers. To learn more about the speakers and other details and to

CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia

CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia.html[10/27/2014 11:38:08 AM]

register, click here or contact Jodi Swilley.

Lights, Camera, Action at the Annual Meeting & Trade Show!We are setting the stage for the CBA's 46th Annual Meeting & Trade Show, being held Wednesday-Sunday, September 17-21, 2014, at the The Ritz-Carlton, Amelia Island, FL. This action-packed convention, emcee'd by the wonderfully entertaining Charles Williams, MACS & Speaker Connection, Eastman, is sure to offer you the chance to hear phenomenal speakers discuss hot topics, enjoy outstanding entertainment and participate in engaging activities for bankers, associate members and family and guests! Register now for your guaranteed spot on the red carpet! Stay tuned for more details!

LD Nominating Committee Conference Call Next Tuesday CBA’s dedicated and hardworking Leadership Division (LD) is accepting nominations for its 2014-2015 Board of Directors, and we’d love to have you join us! The LD Board works closely with the CBA on several initiatives each year. Not only is the LD Board of Directors a valuable resource for enhancing existing training for all our members, but also in creating new opportunities such as this year’s Inaugural Community Bank Leadership Academy. The LD Board is extremely active and successful with fundraisers for Children’s Healthcare and CBA’s PAC/PR Funds helping CBA support banking-friendly legislation. The group is also active with educating their communities on a variety of financial topics. Please complete the LD Board Participation Form and submit it to CBA today! To learn more about the Leadership Division, click here. For a list of current LD Officers, click here.

Local Banks Join in Community Banking

Month CelebrationCobb Commission Chairman Tim Lee and The Cobb Board of Commissioners proclaims April as Community Banking Month in Cobb. Along with other community banks across Georgia, they are recognizing the unique spirit that makes community banks the foundation of their communities in cities and towns throughout the state.

Pictured left to right: Terry DeWitt, President/CEO, First Landmark Bank; Tim Lee, Cobb Commission Chairman; Dan Oliver, President/CEO, Vinings Bank, Past CBA

Chairman; and, Jim Powell, President/CEO, Highland Commercial Bank.

Looking to Save on PrintingCBA Endorsed Member Company Staples is offering FREE Comprehensive Assessment. This will be a strategic analysis

CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia

CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia.html[10/27/2014 11:38:08 AM]

of your existing print program where you can identify frequent order items and ordering habits as well as the ability to identify additional departments and key stakeholders. Staples will also create a customized solution for your company! For more information, contact Toby Larsen at Staples Print Solutions.

Cyberattacks Targeting ATMs and Card Authorization SystemsThe Federal Deposit Insurance Corp. (FDIC) and Federal Financial Institutions Examination Council (FFIEC) are warning all financial institutions about the risks associated with recent cyberattacks on ATMs and card authorization systems. The attacks have resulted in large-dollar fraud losses and are known as “Unlimited Operations.”

This type of threat is not new. For the most part, financial institutions that issue debit, prepaid or ATM cards have the highest probability of being affected, and therefore, face a variety of risks from Unlimited Operations, including operational, reputational, fraud, liquidity and capital risks.

The controls that SHAZAM describes have always been in place and want to assure you they are here for you as we all take part in the fight against fraud. Click here for additional information. Submitted by CBA Endorsed Member, Kathy Schmitt, SHAZAM

Rabun County Bank – ClaytonYong Kim was promoted to Executive Vice President.

Rabun County Bank – ClaytonSandra Thurmond was promoted to Senior Vice President, Finance.

Rabun County Bank – ClaytonJennifer Chastain was promoted to Vice President, Loan Operations.

Chattahoochee Bank of Georgia – GainesvilleSteve Reagin joined the bank as Gwinnett Market President.

Private Bank of Buckhead – AtlantaJoel S. Arogeti, President/CEO of Kitchens Kelly Gaynes, PC, was re-elected to the bank's Board of Directors.

CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia

CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia.html[10/27/2014 11:38:08 AM]

Private Bank of Buckhead – AtlantaMarvin Banks, Jr., Chief Operating Officer, Storage Post Self Storage, was re-elected to the bank's Board of Directors.

Private Bank of Buckhead – AtlantaRon Beerman, Founder of Profitmaster Displays, Inc., was re-elected to the bank's Board of Directors.

Private Bank of Buckhead – AtlantaJohn Lewis, Jr., Global Chief Diversity Officer, The Coca-Cola Company, was re-elected to the bank's Board of Directors.

Private Bank of Buckhead – AtlantaJaMon Davis was named Personal Banker.

PrivatePlus Mortgage, a division of Private Bank of Buckhead – AtlantaAimee Heckelmann, was named Loan Processor.

PrivatePlus Mortgage, a division of Private Bank of Buckhead – AtlantaEmily Grandon was named Executive Assistant to the President.

PrivatePlus Mortgage, a division of Private Bank of Buckhead – AtlantaLea Brown was named Vice President and Mortgage Banker

PrivatePlus Mortgage, a division of Private Bank of Buckhead – AtlantaMiranda "Randee" Kelly was named Operations Support.

CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia

CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia.html[10/27/2014 11:38:08 AM]

LaGrange Banking Company – ColumbusKenny Roberts joined the bank as Vice President, Commercial Lender.

LaGrange Banking Company – ColumbusLori Harris joined the bank as Commercial Risk Manager.

State Bank of Georgia – FayettevilleMike Henry joined the bank as President/CEO.

In Memoriam

CBA extends sincere condolences to Tom Wiley, Vice Chairman & President, State Bank & Trust, Atlanta, whose father, John T. Wiley, recently passed away. The family is in our thoughts and prayers.

Send Us Your NewsPlease remember to include the Community Bankers Association of Georgia on the list of recipients for announcements about promotions, new employees, special recognition your bank has received and/or events for your community. We would love to share your news with your colleagues across the state! Please forward your announcements and photos to Shera Banks or Lindsay Greene.

April 2014

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

CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia

CBA Today eNewsletter - April 23, 2014 - Community Bankers Association of Georgia.html[10/27/2014 11:38:08 AM]

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