Community Bankers Association of Illinois
Community Bankers Association of Illinois    Community Bankers Association of Illinois CBAI E-Newsletter Sponsor - SHAZAM
 
     A Bi-Weekly News Bulletin for CBAI Members                        February 23, 2011 Graphic
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Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois


  • CBAI and ICBA Lobby the Fed to Withdraw Interchange Rule
  • Register Now to Attend FREE CBAI Seminar on ATM Security
  • CBAI Opposes Proposed Rule on Financial Exploitation Training Mandates
  • FDIC-Insured Institutions Earned $21.7 Billion in Fourth Quarter
  • Rural Mainstreet Economy Continues Growth
  • Chicago Fed Reports Increasing Farmland Values and Strong Ag Credit Conditions
  • FDIC to Host Symposium on Rising Farmland Values
  • USDA Debuts Online Atlas of Rural America
  • Labor Department: Banks Subject to Obama’s Executive Order 13496
  • ICBA’s Fine Meets With Senate Banking Chairman Johnson
  • Replacing Fee Income - What is Your Plan?
  • Disaster Recovery-Are You Prepared?
  • FFIEC IT Exam Handbook InfoBase: New Look and Improved Navigation
  • Baker Market Update
  • SBA Launches Program For Refinancing Commercial Real Estate
  • RBS Hacker Given Lenient Sentence
  • RateWatch Helps Monitor Rates in Local Markets
  • Join CBAI’s Marketing Groups
  • CDD Annual Spring Conference Set for March 15-16
  • Openings Available for CBAI’s Operations/Technology Groups
  • Closing Session Speaker for CBAI’s 37th Annual Convention Promises to Deliver


  • CBAI and ICBA Lobby the Fed to Withdraw Interchange Rule

    Community banking associations across America and other financial trade groups are vigorously urging the Federal Reserve to withdraw its proposed rule on debit card interchange fees. See
    CBAI Comment Letter. See ICBA Release.

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    Register Now to Attend FREE CBAI Seminar on ATM Security

    Attacks against ATMs continue to grow in frequency and sophistication, and it has become increasingly clear that organized crime is playing a larger role in certain types of ATM attacks.

    Join us in Springfield, IL, on Thursday, March 10, 2011, as Diebold and the Community Bankers Association of Illinois partner to offer an exclusive FREE seminar to learn about these ATM security risks and the steps you can take to help mitigate them.
    Register Now.

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    CBAI Opposes Proposed Rule on Financial Exploitation Training Mandates

    CBAI submitted a comment letter this week in opposition to a new rule jointly proposed by the Illinois Department on Aging and the Illinois Department of Financial & Professional Regulation.
    Read More.

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    FDIC-Insured Institutions Earned $21.7 Billion in Fourth Quarter

    Compared to a $1.8 billion loss in the fourth quarter of 2009, insured institutions reported an aggregate profit of $21.7 billion in the final quarter of 2010. Nearly two-thirds of all institutions reported improvement in their quarterly net income, and asset quality showed improvement as noncurrent loans and leases fell for a third consecutive quarter.
    See Release.

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    Rural Mainstreet Economy Continues Growth

    The February index for the Rural Mainstreet economy moved above growth neutral 50.0 for the fourth consecutive month. The index is a compilation of survey results from community bank presidents in 10 Midwestern states including Illinois.
    See Release.

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    Chicago Fed Reports Increasing Farmland Values and Strong Ag Credit Conditions

    Based on a survey of agricultural bankers from the Seventh Federal Reserve District, the Chicago Fed reported a 12 percent increase in farmland values in 2010, the second-largest increase in the past 30 years. The Fed also announced that agricultural credit conditions strengthened in the fourth quarter of 2010.
    See Fed AgLetter.

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    FDIC to Host Symposium on Rising Farmland Values

    The FDIC will host a half-day conference on issues relating to climbing farmland values on the morning of March 10 at the FDIC offices in Arlington, Virginia. Chairman Sheila Bair will deliver opening remarks, and the media is being encouraged to attend the event. The Chairman has recently expressed concerns about the potential for a reversal of market conditions or a rise in interest rates.
    See FDIC Release.

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    USDA Debuts Online Atlas of Rural America

    The USDA recently announced an online mapping tool that captures a broad range of demographic, economic, and agricultural data on rural areas across the United States. Users can compare selected states and regions based on a variety of 60 statistical indicators.
    See USDA Release.

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    Labor Department: Banks Subject to Obama’s Executive Order 13496

    The U.S. Department of Labor’s Office of Labor – Management Standards (“DOL”) has declared that financial institutions are “government contractors” and are thus subject to Executive Order #13496 issued by President Obama.
    Read More.

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    ICBA’s Fine Meets With Senate Banking Chairman Johnson

    ICBA President and CEO Cam Fine met recently with Senate Banking Committee Chairman Tim Johnson (D-S.D.) on a variety of community-bank concerns. Fine noted the community-banking industry’s strong opposition to government price-fixing of debit-card interchange and concerns with the FDIC’s final guidance on overdraft-protection services. They also discussed community-bank support for a stable secondary-mortgage market as policymakers debate reforming Fannie Mae and Freddie Mac. They also discussed the committee’s agenda, including oversight of the Wall Street Reform Act. Fine has also recently met with FDIC Chairman Sheila Bair on overdrafts and the Consumer Financial Protection Bureau’s Elizabeth Warren on establishing the bureau. He also is scheduled to meet this week with Holly Petraeus on the CFPB’s office devoted to protecting military families from predatory lenders.

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    Replacing Fee Income - What is Your Plan?

    Community banks across the country are seeking reliable strategies to replace lost fee income. While a fee-based checking account seems like a natural place to begin, selecting the right approach is the key to maintaining account holder satisfaction.
    Read More.

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    Disaster Recovery-Are You Prepared?

    Please take this simple
    online quiz to determine your bank’s disaster recovery preparedness.

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    FFIEC IT Exam Handbook InfoBase: New Look and Improved Navigation

    The Federal Financial Institutions Examination Council (FFIEC) has launched its redesigned
    IT Examination Handbook InfoBase. The IT InfoBase is the primary distribution method for the IT Examination Handbook and is expected to have a beneficial impact on the user experience and will enable more timely updates to the IT Handbook in the future. This update does not implement any changes to the content of the IT Handbook or related guidance. The new IT InfoBase has technological capabilities not previously available, including the ability to quickly update content for multiple booklets, rather than just one booklet at a time. The FFIEC agencies expect that other new features will be activated in the future. Content changes will be communicated via a press release.

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    Baker Market Update

    Treasury prices remained largely unchanged this week as the US Economy continued to show signs of improvement.
    More.

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    SBA Launches Program For Refinancing Commercial Real Estate

    Research shows that a large percentage of commercial mortgages outstanding are set to mature within the next few years, particularly those held by community banks. However, as real-estate values have declined, even small businesses that are performing well and making their payments on time can have a hard time refinancing these loans and may need to restructure their debts.

    Under the Small Business Jobs Act, the SBA will implement a temporary program — authorized until Sept. 27, 2012—allowing small businesses to refinance eligible fixed assets in its 504 program without the requirement of an expansion, as is the case with typical 504 loans. This program will provide small businesses the opportunity to lock in long-term, stable financing, as well as protect jobs.
    Read More.

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    RBS Hacker Given Lenient Sentence

    A Russian court has passed down a suspended sentence with no jail time for one of the hackers involved in the
    2009 RBS WorldPay systems heist. Yevgeny Anikin, 27, got a five-year suspended sentence for his role in $9 million breach that placed 1.5 million U.S. cardholders at risk. The lighter sentence was reportedly handed down because of the assistance Anikin offered authorities with the investigation. He is the second hacker involved in the breach to get off without facing time behind bars. Read More.

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    RateWatch Helps Monitor Rates in Local Markets

    Monitor the rates in your local market with the new
    County Rate Map. RateWatch has provided all CBAI members with a tool that allows you to view the average, high, and low rates on the most prevalent deposit and loan products at the county level for the state of Illinois.

    Make a choice from the pull down menu below and scroll over your county to see the average rates in your local market for a variety of products. Rates are updated weekly so be sure to check back every week. Please visit www.rate-watch.com for more competitive rate and fee information.

    Note: Viewing this map requires Adobe Flash Player. If you do not have it or are looking for the latest version of Flash, click here.

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    Join CBAI’s Marketing Groups

    This March, CBAI is pleased to offer the
    Marketing Groups, which provide opportunities for community-bank marketing professionals to meet quarterly to discuss timely issues with their peers. Members form lasting relationships with non-competing marketing professionals, solve pressing problems, obtain access to highly respected industry experts, improve marketing practices in the bank, and garner new resources and ideas from every meeting. The Groups are facilitated by Lori Philo Cook, who has more than 20 years’ experience in bank marketing.

    The first quarterly meetings are scheduled for March 1 & 2, 2011, so don’t hesitate! For more information or to register, please click here.

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    CDD Annual Spring Conference Set for March 15-16

    The
    CDD Annual Spring Conference and Mini-Exposition is scheduled for March 15-16 in Bloomington. This conference combines motivational, energetic, and informative general sessions with important messages for today’s banker, as well as six breakout sessions with practical solutions and ideas that can be immediately implemented at the bank and a fun-filled social event. Additional conference highlights include:

    Rory Rowland, founder of Rowland Consulting Services in Independence, MO begins and concludes the Spring Conference with his sessions entitled, “My Best Boss Ever” and “MindSet of Champions,” respectively.

    The mini-exposition, following the Business Meeting Luncheon, features a fabulous dessert table. To date, the mini-exposition has attracted seven exhibiting firms and three sponsoring firms. They are:

    *BKD, LLP, St. Louis, MO *Community BancService Corporation
    Marquis Software Solutions, Inc., Plano, TX SHAZAM®, Inc., Davenport, IA
    Small Business Growth Corporation State Bank of Lincoln, Lincoln, IL
    U.S. Small Business Administration *Welch Systems, Inc., Peoria, IL

    * Denotes sponsor

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    Openings Available for CBAI’s Operations/Technology Groups

    CBAI's
    Operations/Technology Groups, which provide an opportunity for community bankers to exchange ideas, dissect problems, and discuss important issues with their peers, will soon commence its quarterly meetings, and openings are now available. The Operations/Technology Groups are rewarding experiences where bankers can grow professionally and personally. In order to ensure that these community bankers have as much in common as possible without being competitors, individuals are assigned to groups based on bank size and location. These Groups meet four times a year in three locations; Springfield, Lisle, and Mt. Vernon.

    CBAI has selected Bert Purdy, manager at BKD, LLP, St. Louis, to facilitate the Operations/Technology Groups held in Springfield & Mt. Vernon; and Tim Tedrick, partner with Wipfli, LLP in Sterling, Illinois, to facilitate the Naperville Group.

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    Closing Session Speaker for CBAI’s 37th Annual Convention Promises to Deliver

    Presenting the Closing General Session at CBAI’s 37th Annual Convention & Expo in Milwaukee, WI, on September 24, 2011, is highly-acclaimed
    Frank Bucaro. His unique approach blends the serious subject of ethics with a humorous and high-energy presentation style. The result is a riveting and fun experience for the entire audience. Mark your calendars now for September 22-24, 2011.

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    CBAI
    PROFESSIONAL DEVELOPMENT PROGRAMS THROUGH 3/31/2011


    TELEPHONE/WEBCASTS THROUGH 3/31/2011


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