5 minute read
SB157 Crosses $300 Million
In May of 2019, Governor Brian Kemp came to CBA’s office to sign SB157 into law. SB157 erased a tremendous advantage for large banks by allowing community banks to place municipal deposits into an approved reciprocal deposit network, eliminating the need to pledge collateral and maintain costly, time consuming pricing records. As of last week, over $300 million has been placed into the reciprocal deposit networks by Georgia’s community banks. “I am delighted to see the meaningful impact SB157 is having on community banks and their local municipalities. As a result of CBA’s community bankonly focus, local community banks and local municipalities won with SB157,” stated Lori Godfrey, CBA’s Chief of Staff and EVP of Government and Regulatory Relations.
John McNair, Pres/CEO of CBA commented, “When I came to CBA in October of 2018, I was stunned to learn that Georgia was the only state in the country to still require collateral pledging for municipal deposits. This was a clear disadvantage for community banks and local municipalities. CBA fought hard to get SB157 passed, and I am grateful for the support of the legislature and Governor Kemp to level the playing field for Georgia’s community banks.”
For more about the benefits of SB157, contact Lori Godfrey.
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On behalf of your CBA team, thank you for making the CBA 53rd Annual Convention a memorable one. CBA’s convention was one of the first across the country to be held since the pandemic, and the excitement and enthusiasm to gather as a community banking industry was on full display. We are grateful for all the support from our member banks and partner firms to make this event happen. The programming and educational events designed by the CBA Convention Committee received high marks from all attendees as well. Finally, thank you to Governor Brian Kemp for his message of thanks and support for CBA and its member banks. We appreciate the Governor’s support of the state’s community banking industry.
Culture, Non-Interest Income, and Fintech are Focus of Annual Convention
Over 300 community bankers, Preferred Service Providers, Associate Members, friends and family members came together to learn and network at CBA’s 53rd Annual Convention and MiniTrade Show last week at The Ritz-Carlton, Amelia Island.
Day one began with a combined Leadership Division and CBA Board meeting, followed by numerous committee meetings including Advocacy, Education, Innovation, and Associate Member/Member Services committees.
The opening session began on Wednesday with Frank Griffin, President, Flint Community Bank, Albany, singing the National Anthem and followed by Keynote Speaker Galen Emanuale, who presented a highly interactive session entitled “Creating a ‘Yes and’ Culture of High-Level Performance and Engagement.”
Phillip Smith, Gerrish Smith Tuck, PC, then presented “Everything Has Changed! We May Not Return to Normal.” His presentation was followed by breakout sessions and the Mini-Trade Show, featuring 29 exhibitors from across the country.
This year’s convention focused on three major themes – culture, non-interest income, and Fintech. A sampling of sessions include:
• Conversation with the Regulators – Panel with Melissa Sneed, GA DBF; John Henrie, FDIC; moderated by Corrie Hall, James Bates Brannan Groover LLP, and Lori Godfrey, CBA
• Why Innovate? Why Fintech? – Panel with Scott Mills, William Mills Agency; Charles Potts, ICBA; David Saylor, Genesys Technology Group; and Marisa Reynolds, Oconee State Bank
• High Performance Investment Portfolios – Jim Reber, ICBA Securities
• Creating Brand Advocacy – Ritz-Carlton
• Intentional Inclusion & Diversity – Leslie Schreiner, FHLB Atlanta
• Revenue Generation Panel – Matt Mingenback, FITECH; Arne Monson, Holtmeyer & Monson; Skip Willcox, Crescent Mortgage; Jim Reber, ICBA Securities; and Ryan Busenitz, Kasasa, moderated by Dan Speight, Planters First Bank
• Leading Change through Culture – Brandon Kinsey, Kinsey Management
• How to Build a Better Road – Phillip Smith, Gerrish Smith Tuck, PC
• Cybersecurity Briefing – Kris St. Martin and Tiffany Garcia, CBIZ
• Digital Evolution Best Practices – Terry Ammons and Marci Montoya, WIPFLI
• Sequential Marketing – Keith Brannan, Kasasa
• Faster Payments – Manish Nathwarni, SHAZAM
In addition to content-rich programs each day, voting and installing the 2021-2022 CBA Board of Directors, the convention was complimented by a PAC Fundraiser one evening, an Ultimate Beach Party, and of course, the Chairman’s Reception, Banquet and Dance Party.
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