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 28, 2009 Graphic
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Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois


  • Heartland Payment Systems Breach May Affect Community Banks!
  • 2009 Education Catalog: Meeting Challenges in Unchartered Waters
  • Baker Market Update
  • Ken Judd Joins The Baker Group
  • CBAI, IBAT & Baker To Host Breakfast at ICBA Convention
  • CBAI Officer Compensation Survey Now Available Online
  • ICBA President Cam Fine Exhorts Community Bankers to Action
  • Thoughts of ICBA Chairman Cynthia Blankenship
  • Treasury Infuses Capital in Locally-Owned Banks
  • FDIC May Run “Bad Bank” to Purge Toxic Assets
  • Economic Recovery Tax Plan Passes Senate Committee
  • Existing Home Sales Increase in December
  • Chicago Fed Economic Symposium Forecasts Weak Growth in 2009
  • The Sky May Be Lower But It Isn't Falling
  • Chicago Fed Economic Index Declines in December
  • Prepare For Growth At The 2009 SHAZAM EFT Forum
  • Peter Leyden Named Convention Keynote Speaker
  • Fiscal & Monetary Policy Examined
  • Expand Your Knowledge on Key IRA Issues
  • Is Your Internet Banking Solution Costing You Customers?
  • State Treasurer Starts Probe of Bright Start Investment Fund
  • OBRE Sets Deadline for Default and Foreclosure Report


  • Heartland Payment Systems Breach May Affect Community Banks!

    Heartland Payment Systems, the sixth largest processor in the nation, reported on Tuesday that its processing system was breached in 2008, exposing an undetermined number of consumers to potential fraud. Heartland processes for approximately 250,000 small to mid-sized merchants and handles 100 million transactions per month.
    Click here to read more.

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    2009 Education Catalog: Meeting Challenges in Unchartered Waters

    CBAI is pleased to present its
    2009 Education Catalog. One-day seminars and conferences remain at the core of CBAI’s professional-development program. Designed for community bankers by community bankers, these seminars are led by experts in their fields; most have hands-on community banking experience and utilize a variety of approaches to keep learning at its highest. In addition to the knowledge gained at these programs, instructors provide user-friendly manuals and tools that can be taken back to the bank for immediate use and sharing with other staff members. A brief description of each seminar, school, institute, and training program that has been scheduled is contained in this catalog.

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    Baker Market Update

    The Federal Open Market Committee decided today to keep its target range for the federal funds rate at 0 to 1/4 percent.The Committee continues to anticipate that economic conditions are likely to warrant exceptionally low levels of the federal funds rate for some time.
    Click here to read more.

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    Ken Judd Joins The Baker Group

    The Community Bankers Association of Illinois is pleased to
    announce that Ken Judd has joined The Baker Group as an account executive. Ken joins Terry McElwee, Jason Vlcek, and Ellen Donaldson serving Illinois community banks from the Baker office located at CBAI headquarters in Springfield.

    “Ken brings tremendous asset-liability management and investment strategies experience to our bank investment services team, “ said Terry McElwee, Baker Associate Partner. “Ken’s experience in helping community banks make investment decisions that compliment the overall structure of their balance sheets is invaluable given the turmoil in the financial marketplace.”

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    CBAI, IBAT & Baker To Host Breakfast at ICBA Convention

    The Community Bankers Association of Illinois (CBAI), Independent Bankers Association of Texas (IBAT) and The Baker Group will host a breakfast for community bankers attending the ICBA Convention In Phoenix, Arizona, in March.

    The breakfast is scheduled for Wednesday, March 18, 2009, from 7:00 am to 8:30 am, in the Deer Valley Room at the Sheraton Phoenix Downtown Hotel. All community bankers from Illinois and Texas and their families are invited to attend.

    “This event provides community bankers from the nation’s two largest community banking states an opportunity to get together, share a meal and maybe a few stories about our great profession” said Dennis Hesker, President of First National Bank, Okawville and CBAI Chairman. “ I want to thank the partners at The Baker Group for sponsoring the breakfast, and for all they do for community banking. I can tell you from first-hand experience that my bank’s investment portfolio performs above peer because of the advice I’ve received from the professionals at Baker.”

    This year marks the sixth year that CBAI, IBAT and The Baker Group have sponsored the breakfast.

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    CBAI Officer Compensation Survey Now Available Online

    Want to know how your bank stacks up? The CBAI Office Compensation Survey measures only Illinois community banks and reports the findings by geographical area and asset size. Benefits, directors’ fees, support personnel pay, holidays, and more are measured. Members that participate receive the results for free!

    Need a CBAI user i.d. and password in order to access the Survey? Just
    click here.
    To complete the Compensation Survey, click here now.

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    ICBA President Cam Fine Exhorts Community Bankers to Action

    Examiner overkill. Access to TARP capital funding. Regulatory restructuring. Federal deposit insurance assessments. Mark-to-market accounting rules. Credit union and Farm Credit System expansion. Mortgage and credit-card disclosures.

    These are only a few of the many current issues playing out in federal agency offices and meeting rooms that are having a big impact, for better or for worse, on the nation’s community banks. They are a fresh reminder that while Congress makes the laws, it’s how government agencies interpret the laws and put them into practice that can have a decisive impact on our industry.
    Click here to read more.

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    Thoughts of ICBA Chairman Cynthia Blankenship

    How will we community bankers survive and adapt? Now is prime time for us to step back and re-evaluate. We need to formulate strategy. We need to invest now more than ever in educating our employees and our boards. We need to learn new tactical thinking and take new directions for our future strategic planning.
    Click here to view her complete statement.

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    Treasury Infuses Capital in Locally-Owned Banks

    On January 27, the Treasury
    announced investments of about $386 million in 23 local banks across the nation as part of the Capital Purchase Program. The goal is to increase the flow of financing to small businesses and consumers.

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    FDIC May Run “Bad Bank” to Purge Toxic Assets

    The Obama Administration may push for creation of a special bank to buy bad assets from banks in an effort to help shore up the economy. The FDIC is seeking to run the operation and proposing to issue bonds guaranteed by the FDIC to finance the operation. CBAI is studying the ramifications of the proposal. For more information,
    click here.

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    Economic Recovery Tax Plan Passes Senate Committee

    The Senate Finance Committee on January 27 approved several tax provisions deemed important to stimulating economic recovery. CBAI and ICBA backed certain provisions including the extension of the $7,500 first-time home buyer tax credit and removal of the repayment requirement.
    More.

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    Existing Home Sales Increase in December

    Existing home sales unexpectedly jumped 6.5 percent in December compared to November sales. Buyers are taking advantage of lower prices, especially in the West. The national median existing home price fell 15.3 percent in 2008. For more information,
    click here.

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    Chicago Fed Economic Symposium Forecasts Weak Growth in 2009

    According to more than 90 economists and business analysts who attended the Chicago Federal Reserve’s 22nd annual Economic Outlook Symposium on December 5, the economy in 2009 will experience higher unemployment and weak growth.
    See results.

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    The Sky May Be Lower But It Isn't Falling

    There is probably something in every generation that makes us think the problems we face are uniquely difficult.

    Much has been written about the economy and, if you accept certain assumptions from what you read, you might think that we are in the midst of a global depression.

    Yet it is important to put the current economy in perspective. We might even try reviewing and analyzing some objective data. For complete text,
    click here.

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    Chicago Fed Economic Index Declines in December

    The monthly Index fell to -3.26 in December, down from -2.78 in November. It is designed to gauge overall economic activity and inflation. For more information,
    click here.

    Prepare For Growth At The 2009 SHAZAM EFT Forum

    Preparing your institution for EFT growth will be more important than ever during the upcoming year. At this year’s EFT Forum, SHAZAM will give you the tools you need to help you prepare for this new growth. Keynote speaker, Jim Welch, will share his knowledge of the next generation of EFT users and take you through the seven critical generational customer insights that will drive your current and future business growth. Registration information and more,
    click here now.

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    Peter Leyden Named Convention Keynote Speaker

    CBAI is pleased to
    announce that Peter Leyden, technology and future trends expert and author of What’s Next and The Long Boom, has been selected as the keynote speaker during the Opening Breakfast at CBAI’s 35th Annual Convention & Exposition, scheduled for September 24 - 26, 2009, at the captivating Renaissance Hotel in Schaumburg. Leyden believes that the Obama election is historic for all of the reasons that everyone has been talking about, but that most people aren’t thinking big enough. Ultimately, this election will be seen as the beginning of a great 21st century civilization; that the general direction is toward confronting today’s challenges and creating change on a level only seen a handful of times in American history. Plan now to attend and hear about this exciting new kind of global system that that will work for the long haul.

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    Fiscal & Monetary Policy Examined

    Jeff Caughron, associate partner of THE BAKER GROUP, write his
    opinions about “Fiscal and Monetary Policy in the Current Market Environment.”

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    Expand Your Knowledge on Key IRA Issues

    Join Wolters Kluwer Financial Services for an in-depth look at important IRA rules and requirements, offered in two tracts and presented by their IRA experts. Beginners will learn the fundamentals of IRA administration, while more experienced IRA professionals will discover the more complex properties of a broader range of retirement and health savings plans.
    Click here for more information or to find a date and location near you.

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    Is Your Internet Banking Solution Costing You Customers?

    This
    paper explores the common issues financial institutions face with dated Internet Banking Solutions, concerns these institutions have in converting to a new solution, how to identify the ideal Internet Banking Solution and best practices in a successful conversion. In addition, this paper will help financial institutions gain a deeper insight into the capabilities today’s online bankers demand.

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    State Treasurer Starts Probe of Bright Start Investment Fund

    Illinois State Treasurer Alexi Giannoulias
    announced on January 26 that the AG’s Office has served subpoenas on OppenheimerFunds, Inc., the fund manager responsible for investing money in Illinois’ Bright Start Savings Program that has incurred heavy losses. Many families have experienced marked declines in the value of their portfolios which are intended to fund their children’s college expenses.

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    OBRE Sets Deadline for Default and Foreclosure Report

    State chartered banks must submit the semi-annual Default and Foreclosure Report to the OBRE by April 1, 2009. For the notice and instructions, please
    click here.

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