Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois Community Bankers Association of Illinois
 
     A Bi-Weekly News Bulletin for CBAI Members           January 27, 2010 Graphic
Graphic
Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois


  • Obama Plan to Combat TBTF Reflects Community Bank Efforts
  • Geithner Pushes Obama-Volcker Reforms
  • Oppose Credit Union Business-Loan Cap Changes
  • REGISTER TODAY for the 28th Annual CBAI Washington Visitation!
  • New Mexico Bill to Move State Funds from Big to Small Banks
  • Customizable Release Touts Switching to Community Banks
  • Register for CBAI’s 26th Annual Capital Conference on February 24
  • FDIC to Host Symposium on Interest Rate Risk Management
  • FDIC Opens Temporary Office in Schaumburg
  • FDIC Chairman Bair Addresses CRE Loans and Securitizations
  • Obama to Propose $38 Billion Business Tax Break
  • Cook County Circuit Court Upholds 365/360
  • FRB Ag Trends Conference Predicts Bright Future for Midwest
  • New Home Sales Fall in December, Capping Worst Year
  • Baker Market Update
  • Rural Mainstreet Economy Remains Weak
  • CBAI’s 20th Annual Officer Compensation Now Online!
  • New Lower Price for Flood-Zone Determinations
  • State Lawmaker Seeks Help to Promote Literacy Program
  • Upgrade Your Old Coin Sorter and Receive Up To $1,500 Trade-in
  • TCM Bank Executive Joins ICBA Bancard
  • 2010 BKD Award for Excellence and Innovation in Community Banking: Entry Form Is Now Available
  • FREE Community Banking Week Materials Now Available
  • Breakfast Speaker at CBAI’s 36th Annual Convention
  • Leading the Teller Team Series Scheduled for February 8-11, 2010
  • Rebound Banking Scheduled for February 10-11, 2010
  • Advanced Financial Statement Analysis Set for February 9-10, 2010


  • Obama Plan to Combat TBTF Reflects Community Bank Efforts

    President Obama announced a plan to implement new restrictions on the size and scope of financial institutions to rein in excessive risk-taking and protect taxpayers. In a national news release, Spokespeople of the Independent Community Bankers of America (ICBA) said it supports efforts to hold too-big-to-fail firms accountable for the risks they pose to the economy and the American people.

    “ICBA has sent our proposals for dealing with the systemically dangerous firms to both the House and Senate,” ICBA Chairman Mike Menzies and ICBA President and CEO Cam Fine said in a statement. “Together with President Obama’s proposals limiting the size of these mega financial firms, we urge Congress to deal with this too-big-to-fail problem once and for all.” The president’s proposal would prohibit banks and bank holding companies from owning, investing in or sponsoring hedge funds, private equity funds or trading operations unrelated to serving customers. It also would place broad limits on the excessive growth of the largest financial firms’ market share of liabilities to supplement caps on their market share of deposits.

    “Never again will the American taxpayer be held hostage by a bank that is ‘too big to fail,’” Obama said.
    Read ICBA Release. Read White House Release. Read Obama’s Remarks.

    Back to top

    Geithner Pushes Obama-Volcker Reforms

    During today’s House Oversight and Government Reform Committee hearing, Treasury Secretary Tim Geithner urged Congress to support President Obama’s proposals to set limits on big banks so they could not invest on their own behalf in private equity, hedge funds, or proprietary trading units. The community banking message is prevailing in Washington!
    See Article.

    Back to top

    Oppose Credit Union Business-Loan Cap Changes

    Reach out to your members of Congress today. Tell them to OPPOSE bills introduced by Rep. Paul Kanjorski (D-PA) and Sen. Mark Udall (D-CO) in their respective chambers that would increase credit union's business lending cap and raise the business-loan minimum level.
    Take action now!

    Back to top

    REGISTER TODAY for the 28th Annual CBAI Washington Visitation!
    April 25- 27, Renaissance Mayflower Hotel, Washington, D.C.

    For the past 70 years, no congressional session has been as important as 2010 for community banks. Now is the time to attend the CBAI Washington Visitation. This is a call to arms! The congressional agenda includes major financial reform proposals CBAI and ICBA are seeking to enact: 1) the break-up of giant banks, 2) restoring Glass-Steagall provisions to separate investment and commercial banking, 3) changing the FDIC assessment method from deposits to assets less capital, 4) allowing banks to amoritize real estate loan losses over 10 years, and many more.

    YOUR VOICE CAN MAKE A DIFFERENCE! Now is the time to get involved.
    Click here for more information.

    Please contact Megan Stieren or Jessie Schmidt at 217/529-2265 if you have questions or comments.

    Back to top

    New Mexico Bill to Move State Funds from Big to Small Banks

    Legislation has been introduced in New Mexico to move state funds from Bank of America to the state’s community banks. It is designed to expand credit for local communities because community banks have been lending while the giant banks have been reigning in credit. A joint memorial has also been introduced to encourage New Mexico residents to bank with community banks instead of the nation’s largest banks. CBAI hails the measures and is considering similar action in Illinois.

    Back to top

    Customizable Release Touts Switching to Community Banks

    In a nationally distributed news release that community banks can customize for their communities, the Independent Community Bankers Association (ICBA) urged consumers looking for a new bank to visit community banks, which offer better rates and fees, high-quality service and personalized attention. “More and more people are turning to community banks because they have seen throughout the economic crisis that we are good stewards of our depositors’ money,” said ICBA Chairman Mike Menzies. The news release also highlights the advantages of choosing a community bank, such as local deposits, community-based expertise, responsive service, established relationships and civic loyalty.
    Read ICBA Release. Download Customizable Release.

    Back to top

    Register for CBAI’s 26th Annual Capital Conference on February 24

    Early Bird Registration is $150 per Bank, available through Friday, February 5, 2010. One registration fee covers the cost for ALL -- bring as many of your officers, directors, and employees as you can!!! All meal functions, transportation to and from the Capitol, and materials are included.

    Back to top

    FDIC to Host Symposium on Interest Rate Risk Management

    The Federal Deposit Insurance Corporation (FDIC) will host a day-long symposium to discuss issues and strategies available to financial institutions for managing their exposures to interest rate risk (IRR). With a historically steep yield curve and low short-term interest rates, it's vital for institutions to have robust processes for measuring and mitigating risks posed by potential changes in rates. Participating in the symposium will be bankers, experts and supervisors from all financial sectors to outline ways that banks can enhance IRR planning and better manage risks. The symposium will take place on Friday, January 29 at the FDIC's Arlington, Va., facility.
    See Press Release.

    Back to top

    FDIC Opens Temporary Office in Schaumburg

    The FDIC recently announced it will open a temporary office in Schaumburg to manage receiverships and liquidate assets from failed banks in the Midwest. The FDIC expects to begin moving into the office in March, 2010. The facility can house up to 500 non-permanent staff and contractors.
    See Release.

    Back to top

    FDIC Chairman Bair Addresses CRE Loans and Securitizations

    In a speech on January 20, 2010, to the Commercial Mortgage Securities Association, FDIC Chairman Sheila Bair addressed the securitization of commercial real estate loans and the need for better underwriting practices.
    Read Full Speech.

    Back to top

    Obama to Propose $38 Billion Business Tax Break

    In his State of the Union address this evening, President Obama is expected to propose extending through 2010 the 50 percent “bonus depreciation” tax incentive that encourages businesses to accelerate purchases of equipment such as tractors, wind turbines, solar panels, and computers.
    More.

    Back to top

    Cook County Circuit Court Upholds 365/360

    On January 20th, a judge in Cook County dismissed a commercial borrower’s arguments that the use of the 365/360 interest calculation was illegal or fraudulent. Distressed commercial borrowers have resorted to claims that 365/360 is illegal in their efforts to escape foreclosure or other legal actions by lenders. To read the entire article on the Cook County Circuit Court’s decision,
    click here.

    Back to top

    FRB Ag Trends Conference Predicts Bright Future for Midwest

    On December 1, 2009, the Chicago Federal Reserve Bank held a special conference focused on issues shaping the future of Midwestern agriculture. The general consensus of the participating experts from academia, industry, and policy institutions was that Midwestern agriculture has a bright future with its plentiful water resources and productive land providing opportunities for growth.
    See Article.

    Back to top

    New Home Sales Fall in December, Capping Worst Year

    Nationwide home sales fell by 7.6% in December and by 23% in 2009, the lowest level since records began in1963. The decline may signal that interest in the $8,000 first-time home buyer incentive may have waned, although the credit was extended by Congress through June 30 and expanded to include some current home owners.
    See Article.

    Back to top

    Baker Market Update

    Information received since the Federal Open Market Committee met in December suggests that economic activity has continued to strengthen and that the deterioration in the labor market is abating.
    More.

    Back to top

    Rural Mainstreet Economy Remains Weak

    For the fifth straight month the January index for the Rural Mainstreet economy advanced, but continued to show significant economic weakness. Each month, community bank presidents in rural markets in an 11-state area are surveyed to ascertain economic conditions.
    See Survey Results.

    Back to top

    CBAI’s 20th Annual Officer Compensation Now Online!
    FREE Member Benefit: CBAI’s 20th Annual Officer Compensation Survey Is Now Online in New, Easy-to-Use Format!

    CBAI Members that complete the Compensation Survey receive results for FREE. Officers’ salaries & benefits, directors’ fees, support personnel, vacations, holidays, and more are compared. New online survey format makes it easier than ever to complete.
    Click here to begin.

    Back to top

    New Lower Price for Flood-Zone Determinations

    Southwest Financial Services has lowered the price for
    flood-zone determinations for CBAI members to $9 for new enrollments.

    Back to top

    State Lawmaker Seeks Help to Promote Literacy Program

    State Representative
    Sandy Cole (R-Grayslake) is encouraging community banks in the Chicago area to help promote a special literacy program sponsored by the Bernard P. Floriani Foundation. The Foundation collects and redistributes unused children’s books to those in need throughout Chicagoland and beyond. The Foundation is seeking businesses, including community banks, to serve as drop-off centers. Representative Cole recommends that interested parties contact the Foundation at 847/482-0754.

    Back to top

    Upgrade Your Old Coin Sorter and Receive Up To $1,500 Trade-in

    CBSC-marketing partner, Welch Systems, the exclusive provider of Talaris coin and currency handling equipment, has announced a special offer for CBAI-members only. Through March 16, 2010, Welch Systems will let CBAI member banks trade-in their old coin sorter and receive up to $1,500 toward a new coin sorter. Click here to read all the details of the offer.

    For more than 36 years, Welch Systems, Inc. (www.welchsystems.com) has provided CBAI member banks with an exclusive member-only discount and a double warranty on all Talaris equipment.

    For more information on this special offer, please contact Jeff Radtke, Vice President & General Manager for Welch at 800/322-2657 x179 or Mobile: 847/341-0747.

    Back to top

    TCM Bank Executive Joins ICBA Bancard

    ICBA Bancard, ICBA’s payments-services subsidiary, announced that TCM Bank Senior Vice President of Business Development Joe Shallow will take on an expanded role and also serve as executive vice president of business development for ICBA Bancard. ICBA Bancard, the premier provider of payment services for the community banking industry, offers card services, including debit and credit, risk-management tools and merchant processing, to community banks nationwide. Shallow joined TCM Bank in 2007 as senior vice president of business development and continues to oversee all aspects of business development, marketing and relationship management.
    Read ICBA Release.

    Back to top

    2010 BKD Award for Excellence and Innovation in Community Banking: Entry Form Is Now Available

    What sets your bank apart? Maybe it’s an innovative product or service – perhaps it’s a community or philanthropic effort. Let CBAI know with a nomination for the BKD Award, co-sponsored by CBAI and BKD, LLP.

    Click here for Award brochure.
    Click here for Entry form.

    Back to top

    FREE Community Banking Week Materials Now Available

    Community Banking Week 2010 is scheduled for April 4-10. Contact the CBAI Department of Communications to order your free kit:
    bobbiw@cbai.com.

    Back to top

    Breakfast Speaker at CBAI’s 36th Annual Convention

    This year's Annual Convention Opening Breakfast Speaker is Connie Podesta, an expert in the psychology of human behavior and leadership development. She is internationally known for her high-energy, interactive, powerful, entertaining and result-oriented sessions. Having worked with hundreds of corporations nationwide, Podesta has an insider's knowledge of organizations and uses this unique perspective to create customized presentations on key issues such as personal accountability, communication, life balance, customer service, leadership, sales, team building, change, and productivity. Multi-faceted and uniquely able to involve her audience, Podesta combines her business expertise with her diverse talents as a comedienne, author, Licensed Professional Counselor, and radio/TV personality to inspire her audiences to reach new heights in their personal and professional development. In her session, “Beyond the Next Level: Business Savvy,” Podesta empowers you to thrive in a business climate that changes in an instant.

    Detailed information regarding CBAI’s 36th Annual Convention & Expo will be available soon!

    Back to top

    Leading the Teller Team Series Scheduled for February 8-11, 2010

    The
    “Leading the Teller Team” two-day series, offered in Springfield and Naperville this February, is packed with “real-world” tools, handouts, and practical ideas to improve and enhance both individual and team performance and results. Participants receive a resource manual that serves as a guide for the series and, as importantly, as an action-packed toolkit for “back in the real world.” In addition, they are encouraged to bring “best practices” to share during the series. Participants may attend either day one or day two, or both days of training at a reduced fee. Day one covers “Must-Knows for Today's Tellers,” and day two addresses “Supervising, Leading, and Motivating the Team.” Leading this seminar is Dianne Barton, founder and president of Performance Solutions, Inc., Kennesaw, GA.

    Back to top

    Rebound Banking Scheduled for February 10-11, 2010

    During these turbulent times, a bank's challenge is to find ways to thrive and grow the business for the future. This expert and entertaining presentation focuses on low-cost, high-impact ways to grow your bank through lending and deposit gathering techniques, and leveraging existing relationships to gain more customers and a greater share of the wallet from your existing customers. Conference attendees actively discuss, group problem solve, and practice the techniques highlighted in the program. Seminar benefits include increasing referrals from existing customers by 100%; increasing loan portfolios by 40%; stopping customer attrition and adding seven percent to your bottom line; increasing core deposits by 25%; protecting your key customers; and segmenting your prospects intelligently. Leading this seminar is Duane F. Sobecki, CEO of Focused Results, LLC, a sales strategy, consulting, and training firm, located in Fisher, IN. For more information and to register, please
    click here.

    Back to top

    Advanced Financial Statement Analysis Set for February 9-10, 2010

    CBAI is pleased to offer
    “Advanced Financial Statement Analysis” in two locations this February. In today's regulatory environment, lenders’ due diligence must include detailed cash flow analysis. In addition to regulators’ concerns, analytical tools allow lenders to identify the business operations that caused the need for cash. Cash flow analysis also pinpoints the sources(s) of repayment and the risk in the borrower's business plan/operations become apparent. Another major benefit to a lender having strong analytical skills is the ability to provide your clients with sound financial advice/input. After all, the primary reason given by borrowers for choosing their banks is the quality of their loan officers. Leading this seminar is David Kemp, president of Bankers Management, Inc., College Park, GA, a nationally recognized company in financial services training and bank consulting.

    Back to top

    CBAI

           

    CBAI's PROFESSIONAL DEVELOPMENT PROGRAMS THROUGH 03/15/2010



    TELEPHONE/WEBCASTS THROUGH 02/28/2010




    OTHER CBAI EVENTS THROUGH 04/17/2010


    CBAI 2010 Capital Conference: Wednesday, February 24, Springfield Hilton Hotel

    28th Annual CBAI Washington Visitation: April 25-27, Renaissance Mayflower Hotel, Washington, D.C.


    Finer Points Blog


    CBAI
    RECOMMENDED SERVICES



    CBAI
    INSURANCES



    CBAI
    FOUNDATION



    CBAI
    PUBLICATIONS







    800.736.2224 (IL) | 217.529.2265 | www.cbai.com

    DISCLAIMER:The association is not responsible for and has no control over the subject matter, content, information, or graphics when viewing links attached to this association's site. If you do not wish to receive e-mails from Community Bankers Association of Illinois (CBAI), 901 Community Drive, Springfield, IL 62703, through CBAI in the future, please click here. - OR - If you would like to be removed from the CBAI e-mail database, please click here.

    © 2010 Community Bankers Association of Illinois. All Rights Reserved.