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                             March 23, 2011 Graphic
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Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois


  • ICBA's President Notes that Community Banks Have Emerged Stronger
  • Elizabeth Warren Says CFPB Will Help Community Banks
  • FDIC Chairman Bair Attributes Positive Reform to Community Banks
  • Free Market Groups and Community Organizations Oppose Debit Interchange Regulations - Contact Congress Today!
  • REGISTER NOW for CBAI's 29th Annual Washington Visitation!
  • Community Bank Directors’ Workshop Next Week
  • Early Registration Now Open for CBAI's Capital Conference!
  • CBAI Members Pack Diebold Security Seminar
  • Have You Completed Your Officer Compensation Survey Yet?
  • How Is Your Bank Special?
  • Diebold Launches Resource Center for ATM Accessibility Standards
  • Statement Issued on Revisions to BSA Regulations
  • FDIC Schedules Teleconference on Overdraft Guidance
  • Registrations Now Being Taken for First Seven Group Meetings
  • The 10 Commandments of Kick-Butt Profitable Growth for Next Year’s Planning
  • Wolters Kluwer Unveils TSoftPlus SBA Lending Solution
  • How to Embrace Maturing Commercial Mortgages with SBA's 504 Program
  • Baker Market Update
  • Midwest Manufacturing Output Increased in January
  • Sales MBA Seminar Is a Must for the Banking Sales Professional
  • Auditing BSA Coming in April
  • Compliance Institute (Lending Session) Set for April 5-7
  • Register Today for Early-Bird Pricing for CBAI’s Annual Convention & Expo


  • ICBA's President Notes that Community Banks Have Emerged Stronger

    ICBA President and CEO Cam Fine, in his address to a near-record crowd of community bankers attending ICBA's Convention in San Diego, said that ICBA and the nation’s community banks have survived the worst financial calamity since the association was founded and emerged stronger than ever.
    Read More.

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    Elizabeth Warren Says CFPB Will Help Community Banks

    Warren told ICBA Convention attendees that the new Consumer Financial Protection Bureau will help community banks compete with the nation’s largest financial firms and unregulated institutions.
    Read More.

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    FDIC Chairman Bair Attributes Positive Reforms to Community Banks

    FDIC Chairman Sheila Bair told community bankers gathered at the 2011 ICBA National Convention and Techworld that the Wall Street Reform Act will strengthen the nation’s community banks.
    Read More.

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    Free Market Groups and Community Organizations Oppose Debit Interchange Regulations - Contact Congress Today!

    The chorus of voices speaking out against government regulation of debit interchange is growing ever louder! Community bankers from across Illinois, and your Community Bankers Association of Illinois, have consistently opposed government regulation of debit interchange fees. All banking regulators, including Federal Reserve Board Chairman Ben Bernanke, FDIC Chairman Sheila Bair, OCC Director John Walsh, as well as the Conference of State Bank Supervisors, have voiced their concerns about the negative impact of this legislation. CBAI, together with the ICBA, worked with a bi-partisan group of Senators and Congressmen to introduce legislation to delay implementation of debit interchange regulation and for a thorough study examining the significant consequences debit interchange price fixing will have on community banks and the American consumer. Now, voices from community organizations and free market groups have joined community banks and banking regulators in criticizing government regulation of debit interchange.

      Please click here to read the concerns of Community Organizations.

      Please click here to read the concerns of Free Market Groups.

      Please click here to make your voice heard and respond to CBAI's Debit Interchange Action Alert!

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    REGISTER NOW for CBAI's 29th Annual Washington Visitation!
    May 1 - 4, Grand Hyatt, Washington, D.C.


    Washington Visitation is CBAI's annual lobbying trip to our Nation's Capital. Community bankers from across Illinois will be traveling to Washington, D.C. to express their opinions on important issues to members of Congress and federal regulators. YOUR VOICE CAN MAKE A DIFFERENCE! Now is the time to get involved.
    Register Now!

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    Community Bank Directors’ Workshop Next Week

    CBAI is offering its next
    Community Bank Directors’ Workshop in three locations next week. “Director Responsibility: Perspectives from a Banker and Regulator,” will be led by a former banker and a former regulator and provides dual perspectives into the responsibilities and challenges of today’s community-bank director. This comprehensive seminar discusses the duties of care and loyalty, as well as guidelines for selecting and retaining qualified management, setting strategic directions, and overseeing performance. Director liability, the Uniform Bank Performance Report as a tool for peer-group analysis, effects of the current banking legislation, the impact of the current economic environment on safety and soundness, and the changing expectations of regulators, are also covered. Leading it are Jay Phillips and Keith Seibold, both of Cerfis Group, Inc.

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    Early Registration Now Open for CBAI's Capital Conference!

    CBAI's 27th Annual Capital Conference will take place on April 13, 2011 at the State House Inn in downtown Springfield.
    Community banker involvement is crucial. Register Today!

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    CBAI Members Pack Diebold Security Seminar
    Secret Service Also Addresses Group


    On March 10, Diebold Incorporated and CBAI
    hosted an ATM Security Seminar that attracted a full-capacity audience of 60 bankers. The seminar addressed growing threats to the security of ATM networks and provided an overview of crimes against ATMs based on information gathered from around the globe. They include card and currency fraud such as card skimming, physical attacks against ATMs, and logical attacks such as malware and hacking. Also, the team of experts presented ATM best practices and ways that financial institutions can take a proactive approach to mitigating risk and making ATMs more secure.

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    Have You Completed Your Officer Compensation Survey Yet?

    CBAI listened to your suggestions. We added more categories of officers and included a “Total Compensation” category. Find out how your bank’s compensation stacks up!

    To print a copy of the survey to use as a worksheet,
    click here.

    To access the online survey instrument, click here.

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    How Is Your Bank Special?

    Let CBAI know with your bank’s entry into the
    BKD Award. CBAI is looking for innovative products or services, outstanding philanthropic efforts, and quality community-service ideas. Submit your Nomination Form today.

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    Diebold Launches Resource Center for ATM Accessibility Standards

    The United States Department of Justice recently issued a final ruling revising its standards for accessibility design under the Americans With Disabilities Act (ADA). The final rule imposes new accessibility standards for automated teller machines (ATMs), including a requirement for speech output and tactually discernable input controls to assist blind customers.

    The final regulations were published in the Federal Register on September 15, 2010 and are legally enforceable and binding six months after the date on which they were published, thereby making the compliance date March 15, 2011.

    CBSC Marketing Partner Diebold has launched an online resource center that can help you comply with these guidelines to the fullest extent possible.
    Read More.

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    Statement Issued on Revisions to BSA Regulations

    Regulators have issued a
    statement regarding the revision of the Bank Secrecy Act (BSA) regulations effective March 1, 2011. The rule does not alter existing BSA regulatory obligations or impose new requirements. However, banks may need to revise existing policies, procedures, and software monitoring systems to reflect the new citations.

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    FDIC Schedules Teleconference on Overdraft Guidance

    The FDIC's Division of Depositor and Consumer Protection (DCP) will host a teleconference on March 29, 2011, to discuss the 2010 Overdraft Payment Program Supervisory Guidance issued in November 2010 (FIL-81-2010). The purpose of the call is to assist FDIC-supervised institutions as they implement efforts to mitigate risk in response to the expectations and recommendations identified in the guidance. In addition to providing an overview of the guidance, staff will address examination and implementation issues based on discussions with, and questions received from, FDIC-supervised institutions.
    See Financial Institution Letter.

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    Registrations Now Being Taken for First Seven Group Meetings

    Detailed meeting and registration information is now available for the first seven locations on
    CBAI’s Group Meeting schedule, which include Groups 5, 6, 8, 10, 11, 12, and 13. Information on the remaining four Group Meetings will be available soon. The objective of Group Meetings is to learn more about the needs of CBAI members, as well as to share information on key community-banking issues and activities. Consisting of an optional golf outing and a dinner meeting, Group Meetings also provide an excellent opportunity to catch up with friends and peers. This year’s after-dinner presentation features Don Shafer or Gabe Krajicek from BankVue on the topic of “Solutions to Tightening Margins.” The meetings also include an association update by CBAI President Bob Wingert, a report on legislative activities by Kraig Lounsberry, CBAI senior vice president of governmental relations, and door prizes.

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    The 10 Commandments of Kick-Butt Profitable Growth for Next Year’s Planning
    By Roxanne Emmerich

    Community banking consultant Roxanne Emmerich offers sound advice to achieve profitability in 2011.
    See her 10 Commandments.

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    Wolters Kluwer Unveils TSoftPlus SBA Lending Solution

    Wolters Kluwer Financial Services announced the launch of its TSoftPlus™ Small Business Administration (SBA) lending solution to help banks originate SBA loans more rapidly and efficiently while meeting all SBA program guidelines and regulatory requirements. The new solution builds upon the company’s TSoft SBA FormMaster+ software that financial institutions have come to rely upon for efficient and compliant SBA loan processing for more than 15 years. Read Press Release.

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    How to Embrace Maturing Commercial Mortgages with SBA's 504 Program

    The long-awaited launch of the SBA 504 Commercial Debt Refinance Program (Refi Program) is finally here! And with an estimated $700 billion in commercial loan mortgages set to reach maturity in the next few years, the timing could not be better! Business owners can now, for the first time ever, utilize the SBA’s 504 Loan Program to refinance existing commercial mortgages, a process that has become increasingly difficult over the past decade.
    Read More.

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    Baker Market Update

    In the wake of Japan’s worst earthquake on record along with continued strife in the Arab world, Treasuries rallied this week as international investors left riskier assets for the safe haven of U.S. government debt. The yield on the 10Yr Treasury is up slightly and trading around 3.28%.
    More.

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    Midwest Manufacturing Output Increased in January

    The Chicago Fed Midwest Manufacturing Index (CFMMI) increased 1.1% in January, to a seasonally adjusted level of 84.1 (2007 = 100).
    See Release.

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    Sales MBA Seminar Is a Must for the Banking Sales Professional

    This highly-interactive, six-hour sales training
    program offered by CBAI is one of the most effective programs ever created on the subject of collaborative selling and peak performance. It has been specifically designed to give salespeople and sales managers the communications and negotiation skills they require to build relationships and close more sales in less time. Leading this seminar is John Boe, president of John Boe International in Kettering, OH.

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    Auditing BSA Coming in April

    A financial institution’s
    BSA program continues to be under close scrutiny in today’s regulatory environment. An adequate BSA program almost certainly brings an administrative action – either formal or informal – against the institution. One particular area receiving criticism by examiners is the bank’s annual independent review of BSA. Are your audit procedures up to date, comprehensive, and independent? Attend this seminar to review the adequacy of your BSA review program. This seminar schedule for April 4, 2011 at CBAI headquarters in Springfield provides information on a comprehensive approach to completing a thorough BSA audit. Bill Elliott of Young & Associates, Inc., Kent, Ohio, leads this institute.

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    Compliance Institute (Lending Session) Set for April 5-7

    Community banks are constantly faced with a complexed array of ever-changing regulations. In response to this training need, CBAI is pleased to present the
    “Compliance Institute: Lending Compliance” this April. An introductory course for those compliance officers who are either new to banking or new to their positions, this three-day institute is designed to provide a comprehensive understanding of the major regulatory compliance regulations that have been determined to be “must knows” for all compliance officers. Topics covered include Regulation Z, Community Reinvestment Act, Home Mortgage Disclosure Act, Fair Credit Reporting Act, and BSA. Bill Elliott, senior consultant, Young & Associates, Inc., Kent, Ohio, leads this institute.

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    Register Today for Early-Bird Pricing for CBAI’s Annual Convention & Expo

    Take advantage of our lowest pricing by registering for CBAI’s 37th Annual Convention & Expo by April 30, 2011. Scheduled for September 22-24, 2011, this year’s convention will be held at the Hyatt Regency and Frontier Airlines Center in Milwaukee, WI. “Community Banking: Fueled by Loyalty” is highlighted by 24 educational break-out sessions featuring hot topics and expert speakers, a 98-booth exhibit hall, outstanding entertainment, and countless networking opportunities. You also won’t want to miss general sessions with National Speaker Association Hall of Fame inductee Mark Sharenbroich and Certified Speaking Professional Frank Bucaro.
    Don’t wait, register today!

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