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                             April 20, 2011 Graphic
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Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois


  • CBAI's 2011 Federal Policy Priorities
  • REGISTER NOW for CBAI's 29th Annual Washington Visitation!
  • Deadline Extended for Completing CBAI Officer Compensation Survey
  • Early-Bird Pricing Ends April 30 for CBAI’s Annual Convention
  • 2011 Capital Conference Highlights!
  • Treasurer Rutherford Revamps Agricultural Loan Program
  • Registrations Now Being Taken for CBAI Group Meetings
  • Still Time To Complete Nomination Form for CBAI's BKD Award
  • Baker Market Update
  • 1099 Repeal Signed into Law
  • FASB Clarifies When a Restructuring is a Troubled Debt Restructuring
  • Fed Payments Study Gives Details on Role of Electronic Payments
  • Final Reminder about Electronic Payments
  • FDIC Announces Updated DIF Loss and Reserve Ratio Projections
  • New Requirements for Filing Annual Reports Online
  • Wolters Kluwer Releases Latest Version of ComplianceOne
  • Seven Tips to Avoid e-Mail Compromise
  • FREE $30 Gift Card Offer From HP!
  • Community Bank Marketing Conference Offers Reduced Price/Free Giveaway
  • Putting Your Sales Culture on Steroids in a Time of HUGE Opportunities
  • Real Estate Settlement Procedures Act Seminar Scheduled for May 3-4
  • CBAI Commercial Lending Institute Set for May 10-12


  • CBAI's 2011 Federal Policy Priorities

    CBAI's federal policy priorities for 2011 address a wide spectrum of banking issues that are also supported by the Independent Community Bankers of America (TCBA).
    See Summary Document.

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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. Nearly 50 bankers, guests, and staff have already registered, so please
    Register Now!

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    Deadline Extended for Completing CBAI Officer Compensation Survey

    You’ve now got until April 30th to complete the survey! Get details on officer compensation and benefits, directors’ compensation, support personnel pay, and more. Results categorized by part of the state and asset size.

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

    To access the secure online survey instrument, click here.

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    Early-Bird Pricing Ends April 30 for CBAI’s Annual Convention

    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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    2011 Capital Conference Highlights!

    On Wednesday, April 13, 2011, more than 80 community bankers from around the state gathered in Springfield to meet with state legislators and regulators on key community banking issues.

    The event kicked–off with lunch and a keynote address from State Treasurer Dan Rutherford who cited his long-standing relationship with CBAI and his current effort to cut waste and streamline services provided by the Office of the Treasurer. Treasurer Rutherford’s energy and common sense approach to governing was well-received by the attendees.
    Read More.

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    Treasurer Rutherford Revamps Agricultural Loan Program

    On April 18th Illinois State Treasurer Dan Rutherford announced that a low-interest loan program for farmers has been restructured with a lower rate and streamlined processing for operating expenses, construction needs, or equipment. Now called “AG Invest,” the program lends money to participating banks which, in turn, lend it to farmers who apply for loans.
    See Article.

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    Registrations Now Being Taken for CBAI Group Meetings

    Detailed meeting and registration information is now available for the remaining 10 locations on
    CBAI’s Group Meeting schedule. The objectives of Group Meetings are 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 “Redefine the Customer Banking Experience, While Generating Non-Interest Income.” 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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    Still Time To Complete Nomination Form for CBAI's BKD Award

    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. Send your nomination form in today.

    BKD Award Brochure
    BKD Award Entry Form

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    Baker Market Update

    Treasury prices rally this week as budget talks raise speculation of slower economic growth. The yield on the benchmark 10yr Treasury Note is currently trading around 3.41%, down 17bps from last week’s close of 3.58%.
    Read More.

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    1099 Repeal Signed into Law

    The CBAI-supported repeal of the requirement that businesses report information to the IRS on payments for goods and services of $600 or more has been signed into law.
    See Release.

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    FASB Clarifies When a Restructuring is a Troubled Debt Restructuring

    In a recent Accounting Standards Update, FASB issued guidance to assist lenders in determining whether a modification of terms meets the criteria to be considered a troubled debt restructuring.
    See Details.

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    Fed Payments Study Gives Details on Role of Electronic Payments

    The 2010 Federal Reserve Payments Study reveals in greater detail increasing adoption of electronic alternatives for payments in the United States by consumers, businesses and governments. The study examined payments made between 2006 and 2009.
    See News Release and Fact Sheet. See Detailed Study.

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    Final Reminder about Electronic Payments

    As of May 1, people applying for Social Security or other federal benefits will need to receive their payments by direct deposit to a bank or credit union account or to a Direct Express® Debit MasterCard® card account. Paper checks will no longer be an option at enrollment. Help people learn about this important deadline and be ready to choose their preferred electronic payment options when they apply for benefits.

    To sign up for direct deposit, a new enrollee will need to know his or her:

      • Financial institution's routing transit number
      • Account type (checking or savings)
      • Account number
    Sharing this information is easy. New, free materials are available to help you, including:

      • Newsletter copy
      • "3 Things to Know" checklist
      • Social media tips
    Please visit the
    financial institution and community organization sections of www.GoDirect.org for more information.

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    FDIC Announces Updated DIF Loss and Reserve Ratio Projections

    The Federal Deposit Insurance Corporation (FDIC) has updated its
    loss, income, and reserve ratio projections for the Deposit Insurance Fund (DIF) over the next several years. The projected cost of FDIC-insured institution failures for the five-year period from 2011 through 2015 is $21 billion, compared to estimated losses of $24 billion for banks that failed in 2010 alone. While these loss projections are subject to considerable uncertainty, under these projections and current assessment rates, the fund should become positive this year and reach 1.15 percent of estimated insured deposits in 2018. Rate Adjustment for Guidelines for Large Banks

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    New Requirements for Filing Annual Reports Online

    More and more states are responding to budget deficits and cutbacks by expanding automation and requiring companies to file your annual reports online. This means no more paper reminders prompting you to file! Do you know the annual-report filings for every state to keep your entities in good standing? CBAI associate member CSC does.
    Read More.

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    Wolters Kluwer Releases Latest Version of ComplianceOne

    Wolters Kluwer Financial Services announced the latest release of ComplianceOne™, the company’s integrated documentation and workflow solution that makes managing compliance with loan and deposit account transactions more efficient. The newest version of ComplianceOne offers banks the ability to dynamically document signature cards, combine documentation for signature cards and certificates of deposit, and delete transactions and party records as necessary. The solution can also help them perform the calculations necessary and provides the documents needed to support Debt Cancellation. And it adds a party identification information report to the lending piece of the solution, standardizing it along with the document already available on the deposit side. Read Press Release.

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    Seven Tips to Avoid e-Mail Compromise
    Bank Information Security Article

    The Epsilon e-mail breach has raised many questions about how organizations impacted by the breach should respond to their customers.
    Read More.

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    FREE $30 Gift Card Offer From HP!

    For a limited time, Hewlett Packard (HP) is offering a
    special promotion: Buy two of the SAME qualifying HP LaserJet print cartridges at the SAME time, on the SAME invoice, and receive a FREE $30 Gift Card. This offer is available to the public. So share it with your customers and friends!

    For more information about this special offer, or office supplies and furniture, contact Kevin Gaffney, at Midwest Office Supply, at 866-978-5555, ext 311 or kgaffney@midwestofficesupply.com.

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    Community Bank Marketing Conference on May 12 Offers Reduced Price/Free Giveaway

    CBAI will hold its fifth annual
    Community Bank Marketing Conference at the Crowne Plaza in Springfield on May 12. The keynote speaker is Roxanne Emmerich of The Emmerich Group, Minneapolis, MN. She has been described as America's most sought-after workplace transformation expert. She is listed by Sales and Marketing Management magazine as one of the 12 most requested speakers in the country for her ability to transform negative workplace performance and environments into “bring it on” results-oriented cultures. In her keynote presentation, “Thank God It’s Monday,” Emmerich will enlighten participants on how to turn their teams from “snooze-button hitters” to “rock-star performers” and create a buzz-worthy environment customers will love. Other hot topics on the agenda include a legislative update with Kraig Lounsberry, CBAI SVP of governmental relations; a look at the key regulations affecting bank marketers with Tim Tedrick, WIPFLi LLP; retaining customers and selling to prospects with Emma Vandeveer, South Side Trust & Savings Bank, Peoria; executing a successful PR strategy with Matt Kaufman, PMA Financial Network, Naperville; and gaining competitive advantage using mobile banking with Drew Stewart, Diebold in Indianapolis, IN. A mini-exposition featuring the latest products and services benefitting the community bank and its marketing efforts also highlights the day.

    CBAI is offering a $50 discount for any president or CEO who attends with another individual from the bank. Plus, all conference attendees receive a complimentary copy of Roxanne Emmerich’s book, “Thank God It’s Monday!”

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    Putting Your Sales Culture on Steroids in a Time of HUGE Opportunities
    By Roxanne Emmerich

    It's duck-and-cover time in banking. There aren't even enough holes in the ground for all the ostriches looking for a place to stick their heads. “Play it safe,” “Hunker down,” and “Ride out the storm” seem to be the new vision statements. That's bad news for the ostriches and GREAT news for you. This is NOT the time to get small. This is the time to grow your profits and secure your future by putting your sales culture on steroids. Emmerich will be the keynote speaker at CBAI’s fifth annual Community Bank Marketing Conference on May 12 in Springfield.
    See Article.

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    Real Estate Settlement Procedures Act Seminar Set for May 3-4

    The next
    Community Bankers for Compliance (CBC) presentation offers assistance to banks regarding the illogical world of the Real Estate Settlement Procedures Act. As bankers know, the issues surrounding RESPA are huge, and though there is another set of changes coming in the not-too-distant future, current difficulties will remain for the next year or two. This seminar discusses all of the RESPA-related forms, with special concentration on the potential losses that can occur when bad things happen to good loans or good loan officers in the completion of the GFE and/or HUD-1. It’s designed to ensure that your bank has everything under control regarding the current RESPA regulation. This seminar is conducted by Bill Elliott, senior consultant and manager of compliance at Young & Associates, Inc. of Kent, Ohio, a nationally-recognized compliance consulting firm specializing in community banks.

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    CBAI Commercial Lending Institute Scheduled for May 10-12

    CBAI is pleased to offer the
    Commercial Lending Institute, a three-day mini-institute providing commercial lenders with a solid foundation for producing and managing a quality loan portfolio. It focuses on analytical tools such as ratio, financial, cash-flow analysis, as well as commercial loan-structuring to enhance repayment capacity. Leading the faculty for this institute is Jeffery Johnson, president and founder of Bankers Insight Group, Atlanta, GA.

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    CBAI
    PROFESSIONAL DEVELOPMENT PROGRAMS THROUGH 5/31/2011


    TELEPHONE/WEBCASTS THROUGH 5/31/2011


    CBAI EVENTS


    Marketing Conference - May 12 - Crowne Plaza, Springfield

    CBAI's 29th Annual Washington Visitation -- May 1 - 4, Grand Hyatt, Washington, D.C. Register Now!

    Community Bankers School – July 10-15, Illinois Wesleyan University, Bloomington (details available soon)


    Finer Points Blog


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