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                       April 8, 2009 Graphic
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Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois


  • Capital Conference Is Just Around The Corner - REGISTER TODAY!
  • TARP Term Sheets Released for Mutual Institutions
  • Governor Quinn Signs Settlement Agreement Bill (SB 2513)
  • CBAI’s Spring Group Meetings Fast Approaching
  • FDIC Releases State Profiles for Fourth Quarter 2008
  • Baker Market Update
  • CBAI Bank Compensation Survey Deadline Extended
  • FASB Approves ICBA-Backed Proposals
  • Fannie Mae Refinancing Volume Jumps in March
  • Mortgage Applications Rise
  • CBAI's 27th Annual Washington Visitation May 11-13, 2009
  • Treasury to Extend TARP to Insurance Companies
  • Register Today for CBAI’s Marketing Conference on April 22
  • Historian’s Opinion: “How the Financial Crisis Happened”
  • Chicago Fed Conference on Bank Structure and Competition Nears
  • Panel Suggests Firing Managers and Liquidating Failing Banks
  • Consumer Tips Available for Free to CBAI Members at www.cbai.com
  • CBSC and FIRST ROI Partner To Drive Bank Online Account Growth
  • Layoffs in Illinois Up 50% Compared to Year Ago
  • Illinois AG Files Two Suits Against Mortgage Rescue Fraud Schemes
  • Fraud Education Helps Protect Cardholders


  • Capital Conference Is Just Around The Corner - REGISTER TODAY!

    CBAI's 25th Annual Capital Conference is scheduled for April 22, 2009.
    REGISTER NOW!

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    TARP Term Sheets Released for Mutual Institutions

    At the repeated urging of CBAI and ICBA, the Treasury Department has released term sheets for mutuals to have access to the TARP Capital Purchase Program. The term sheets provide for issuance of preferred stock at
    publicly-traded and privately-held subsidiary holding companies and for issuance of debt by top-tier holding companies that do not have subsidiary holding companies. The application deadline is May 7.

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    Governor Quinn Signs Settlement Agreement Bill (SB 2513)

    On Monday, April 6, Governor Quinn signed into law the legislation needed to implement the Settlement Agreement to resolve our call report fee/fund sweep lawsuit against the Blagojevich Administration. State banks will soon receive refunds. For further details,
    click here.

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    CBAI’s Spring Group Meetings Fast Approaching

    CBAI leaders and executive staff are visiting 11 locales on the 2009 Group Meeting tour, beginning on Monday, April 20. The objective of Group Meetings is to learn more about the needs of CBAI members, as well as 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. The opening portion of each Group Meeting focuses on critical legislative and association issues. CBAI President Bob Wingert will provide updates on Association projects and community banking in general; and Senior Vice President of Governmental Relations Kraig Lounsberry will offer an up-to-the-minute report of banking-related legislative activities. As always, you can expect a candid assessment of current political campaigns and a perspective on those campaigns from the community-bank point of view. This year’s after-dinner speaker is Vimal Patel, senior director of Financial Markets with Sageworks, Inc., Raleigh, N.C. Patel’s presentation examines the characteristics of a successful community-bank lending operation in today's economic environment. For a schedule and details of each Group Meeting, please
    click here.

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    FDIC Releases State Profiles for Fourth Quarter 2008

    The FDIC recently published the fourth quarter 2008 statistics on banking trends for all 50 states. The profiles provide information on asset quality, earnings, liquidity, loan concentrations, and other statistics. For the Illinois profile,
    click here.

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    Baker Market Update

    The jobless rate in the U.S. has increased rather rapidly since early 2008. The latest figures released this morning showed an increase to a 25-year high of 8.5%.
    Click here to read more.

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    CBAI Bank Compensation Survey Deadline Extended

    How does your bank stack up? CBAI has extended the deadline for its Annual Officer Compensation Survey to April 30. Surveys completed to date total 150, but more input is sought. Take at look at your peers’ compensation, benefits, and incentives; learn how directors’ fees compare; non-officer compensation is tallied is well. Results are organized by location and asset size. CBAI members that participate receive customized results for free. To download a hard copy of the survey for use as a worksheet,
    click here. To complete the Survey, click here. Thank you for your participation.

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    FASB Approves ICBA-Backed Proposals
    OTTI, Fair-Value Votes Follow Intensive Community-Bank Outreach

    Following intensive outreach by ICBA and the nation’s community banks, the Financial Accounting Standards Board (FASB) approved its ICBA-backed proposals on other-than-temporary impairments (OTTI) and fair-value measurements. FASB also agreed to significantly expand related disclosures and expand FAS 107 fair value disclosures to interim periods. For the full announcement,
    click here.

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    Fannie Mae Refinancing Volume Jumps in March

    Fannie Mae
    announced last week that its refinancing volume climbed to $77 billion in March, nearly double the volume in February and the largest refinance month since 2003.

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    Mortgage Applications Rise

    Mortgage applications climbed last week, led by demand for home purchase loans which far outweighed demand for refinancings.
    More information.

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    CBAI's 27th Annual Washington Visitation May 11-13, 2009

    CBAI’s 27th Annual Washington Visitation is scheduled for May 11-13, 2009 -
    Register today!

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    Treasury to Extend TARP to Insurance Companies

    The Treasury is expected to soon announce that TARP funds will be available to life insurers that are bank holding companies or own a thrift institution.
    More.

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    Register Today for CBAI’s Marketing Conference on April 22

    CBAI's 2009 Community Bank Marketing Conference, "Profit Marketing in a Challenging Environment," is designed to help educate community bank marketing professionals on results-driven strategic marketing, customer insight for better marketing, customer retention, on line marketing strategies, and incorporating innovation into customer service. Participants benefit from expert speakers, pertinent and informative topics, and peer networking. A mini exposition featuring the latest products and services benefitting the community bank and its marketing efforts also highlights the day. Topics covered in this one day conference include "Seven Secrets of Results Driven Strategic Marketing" and "Become a Top Gun: Gaining and Using Customer Insight for Better Marketing," both with Bruce Clapp, founder of Market Match, Inc., Englewood, OH; "Retention, Retention, Retention," with Sean Cunningham of Marquis Software Solutions, Minonk, IL; "Google Analytics: Stop Wasting Your Marketing Dollars," with Tracey Conn of T8DESIGN, Cedar Falls, IA; and "Innovate Your Inside Reality," with Dinny Cosyns and Susan Harris of NorthStar Strategies, Inc., Glencoe, IL.

    Register today! For more information, please
    click here.

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    Historian’s Opinion: “How the Financial Crisis Happened”

    In his book, “The Ascent of Money,” Harvard historian Niall Ferguson asserts that financial crises are inevitable. In an
    interview with Money Magazine, Ferguson states that the era of massive financial conglomerates is coming to an end. He also believes that the real estate market must recover to stabilize bank balance sheets.

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    Chicago Fed Conference on Bank Structure and Competition Nears

    The Federal Reserve Bank of Chicago has
    announced its 45th Annual Conference on Bank Structure and Competition in Chicago on May 6-8, 2009. The theme will deal with financial regulatory reform, and featured speakers will include Fed Chairman Ben Bernanke and FDIC Chairman Sheila Bair. For the conference agenda, click here. To register, click here.

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    Panel Suggests Firing Managers and Liquidating Failing Banks

    A Congressional Oversight Panel overseeing the financial rescue efforts
    recommended on April 7 that firing top executives and liquidating problem banks may be a better way to resolve the economic crisis. The panel also said the Treasury needs to be more transparent about how it is spending taxpayers’ money. See Full Report.

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    Consumer Tips Available for Free to CBAI Members at www.cbai.com

    Has your bank made use of the Consumer Tips columns provided to CBAI members at no cost? These timely columns are provided 10 times a year. The
    April tip gives information to parents about educating their children about money matters.

    To access the Consumer Tips archives, click here.

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    CBSC and FIRST ROI Partner To Drive Bank Online Account Growth

    Community BancService Corporation, Inc. (CBSC), a subsidiary of CBAI, announced that it has selected FIRST ROI, the industry’s premier eMarketing agency, as its preferred provider for online marketing. Dennis J. Hesker, chairman of CBAI and president of The First National Bank of Okawville, said of the selection, “The online threat to community banks is real and FIRST ROI is the solution.” For details,
    click here.

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    Layoffs in Illinois Up 50% Compared to Year Ago

    During the first quarter of 2009, 67 Illinois companies have informed the state that they are planning significant job cuts. That figure represents a 50% increase over the same period last year.
    More information.

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    Illinois AG Files Two Suits Against Mortgage Rescue Fraud Schemes

    In a coordinated effort with the U.S. Treasury, U.S. Attorney General, Federal Trade Commission, and HUD, Illinois Attorney General Lisa Madigan
    announced on April 6 that she filed two lawsuits in Cook County against mortgage rescue fraud schemes. Her actions are part of a coordinated effort by federal and state authorities to protect at-risk home owners.

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    Fraud Education Helps Protect Cardholders

    A number of terms float around the fraud world. Understanding these terms and what they mean to cardholders increases awareness of techniques fraudsters use, helping reduce the possibility of your staff or cardholders falling victim to an attack.
    More...

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    CBAI

           

    CBAI's PROFESSIONAL DEVELOPMENT PROGRAMS THROUGH 5/15/09



    TELEPHONE/WEBCASTS THROUGH 5/14/09



    OTHER EVENTS THROUGH 4/28/09


    4/20 CBAI Group 6 Meeting, Soangetaha Country Club, Galesburg

    4/22 CBAI Marketing Conference, Crowne Plaza, Springfield

    4/22 CBAI Capital Conference, Hilton Hotel, Springfield

    4/27 CBAI Group 13 Meeting, Stone Creek Golf Course, Makanda

    4/28 CBAI Group 11 Meeting, Roland Barkau Memorial Golf Course, Okawville


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