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        May 7, 2008 Graphic
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Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois


  • CBAI and ICBA Provide Mortgage Alternatives to MPF
  • Buy Two Seminars! Get One Free!
  • OCC Issues Final Rule to Reduce Regulatory Burden
  • David Schroeder Testifies in Congress on Small Business Needs
  • FDIC Chairman Issues Letter to Insured Institutions
  • Credit Union Powers Bill Pulled Thanks to Community Bank Lobbying
  • Community Bankers Making a Difference in D.C.
  • ICBA President Cam Fine Rated a Top Industry Advocate
  • Preserving Affordable Multifamily Rental Housing
  • Baker Market Update
  • Register Now for CBAI Commercial Lending Institute
  • CBSC Recommends Credit-Analysis System
  • EIU Former President and Banker Dies
  • 2008 CBAI Ag Lenders’ Conference a Popular Event
  • What You Can Do for Customers Who Do Not Need Their Life Insurance Policies
  • June is National Home Ownership Month
  • Protect Against Poverty: Long-Term Care - A Commentary



  • CBAI and ICBA Provide Mortgage Alternatives to MPF

    The recently announced closure of Chicago FHLB’s Mortgage Partnership Finance (MPF) Program points out the challenge of all Illinois community bankers to find the right mortgage partner whose programs and rates are competitive, that will protect your customer relationship, and allow you to prosper and thrive in the ever-changing mortgage lending market. CBA and CBAI combine the strength and wisdom of community bankers throughout Illinois to help you meet this challenge with ICBA Mortgage.
    Click here for more information.

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    Buy Two Seminars! Get One Free!

    The CBAI Education Department has a special offer just for you. For every two individuals you register for any one of four June one-day seminars, you will receive one FREE registration! Registrations may be for the same seminar, or for different seminars, or any combination. For more information,
    click here or call the Education Department at 800/736-2224.

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    OCC Issues Final Rule to Reduce Regulatory Burden

    On April 24, 2008, the OCC published a final rule in the Federal Register to reduce unnecessary regulatory burden and revise various OCC regulations. It includes measures updating the qualifying standards and after-the-fact notice procedures that apply to national bank operating subsidiaries. It also expands the list of operating subsidiary activities that are permissible upon filing an after-the-fact notice. Other revisions reduce the burden regarding applications for fiduciary powers, change in bank control notices, and requirements to make securities filings. The final rules is effective July 1, 2008, although national banks may elect to comply voluntarily with any applicable provision of the rule prior to the effective date. For the complete Final Rule, please go to
    http://www.occ.gov/ftp/release/2008-47a.pdf.

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    David Schroeder Testifies in Congress on Small Business Needs

    On April 30, former CBAI Chairman David Schroeder of the American Enterprise Bank in Buffalo Grove testified for ICBA before the House Small Business Subcommittee on Finance and Tax, and urged lawmakers to focus on small business needs. Schroeder presented several ICBA policy recommendations to boost the economy and help small businesses better access credit and create jobs, including fee and regulatory reductions in the SBA loan program.
    Read Release. Read Testimony.

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    FDIC Chairman Issues Letter to Insured Institutions

    FDIC Chairman Sheila Bair recently issued a “Letter to Stakeholders” highlighting FDIC’s activities and accomplishments for the first quarter of 2008. For the complete letter, please
    click here.

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    Credit Union Powers Bill Pulled Thanks to Community Bank Lobbying

    Thanks to the efforts of community banks across America, the Credit Union Regulatory Relief Act (H.R. 5519) was not called for a vote in the U.S. House. CBAI and ICBA members contacted their congressmen to inform them that the measure would allow tax-exempt credit unions to circumvent legal restrictions on commercial lending and permit them to abuse a program created to serve low-income consumers.

    Community banks now have the opportunity to work with House leadership to ensure that these loopholes are closed.

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    Community Bankers Making a Difference in D.C.

    Community Bankers from across the country visited Washington D.C. last week to meet with regulators and lawmakers on major issues pending before Congress. CBAI’s Washington Visitation coincided with the Independent Community Banks of America’s Spring Policy Summit.
    Read more…

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    ICBA President Cam Fine Rated a Top Industry Advocate

    Cam Fine, president of the Independent Community Bankers of America (ICBA), was selected by Capitol Hill staff and lobbyists as one of the most effective industry advocates in Washington, D. C. The Hill newspaper listed Fine as a leader “best at keeping their groups marching in lockstep on Capitol Hill for the collective good of their members.” CBAI encourages all members to also support ICBA as members at the federal level.

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    Preserving Affordable Multifamily Rental Housing

    “Banks working with specialized partners in viable local markets can stem the loss of affordable multifamily units and help maintain housing that is essential to the well-being of our nation’s communities,” Comptroller of the Currency John C. Dugan recently stated. Click here to review the entire news release.

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    Baker Market Update

    The Labor Department released its monthly payroll report, showing a loss of 20,000 jobs in April. This is the fourth straight month of payroll losses, totaling 260,0000 lost jobs for the year. For the most current BAKER GROUP update,
    click here.

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    Register Now for CBAI Commercial Lending Institute

    With the current economic environment spawning more concern over the financial condition of commercial accounts and more severe regulatory examinations, now is the time to ensure that your loan officers are well briefed in making analytical conclusions about repayment abilities. CBAI’s Commercial Lending Institute, taught by the capable Jeffery Johnson, provides a solid foundation for commercial lenders for managing a quality loan portfolio. The Institute reviews the basics, builds to the complex, and uses case studies representing typical community-bank lenders to reinforce learning. For more details and to register,
    click here.

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    CBSC Recommends Credit-Analysis System

    The CBSC board of directors has endorsed Sageworks™ Analyst, a software program which promises to take member banks to the next level of borrower analysis and make existing financial spreadsheet programs obsolete. For more information, click
    announcement.

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    EIU Former President and Banker Dies

    Dr. Daniel Marvin Jr., 69, of Mattoon, passed away April 21. A past president, CEO, and chairman of First National Bank of Mattoon (now First Mid-Illinois Bank & Trust, N.A.), he was also the fifth president of Eastern Illinois University, Charleston. Marvin earned a B.S. in education from East Stroudsburg State College in Pennsylvania; an M.S. in zoology from Ohio University, Athens; and a PhD in physiology from Virginia Polytechnic Institute, Blacksburg. He completed post-graduate work at Michigan State University, Lansing and the University of California at Berkeley. He began his career in 1962 as a published research scientist and college professor at Radford College in Virginia, where he also served as assistant dean, vice president, and acting president. He became the director of the Virginia State Council of Higher Education in Richmond, VA in 1970. He next moved to Charleston, IL in 1977 when he became the president of Eastern Illinois University, the youngest person do have done so. He became president of First National Bank of Mattoon in 1983. He served on the corporate board of directors of First Mid-Illinois Bank until the time of his death. Among his many accomplishments, Marvin used his talents to bring traditional rivals Mattoon and Charleston closer together through the founding of Coles Together in 1988 and was a charter member of its board. He is survived by his wife of 49 years, Maxine Marvin; son, Captain Brian Jeffery Marvin; and two daughters, Laurie Marvin Latham and Amy Marvin Koehler.

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    2008 CBAI Ag Lenders’ Conference a Popular Event

    On June 9 & 10, 2008, agricultural experts including Dr. David Kohl from Virginia Tech, Dr. Paul Ellinger from the University of Illinois, Dr. Steven Johnson and Dr, Elwynn Taylor from Iowa State University, as well as Mark Scanlon from ICBA, and Cory Mitchell from the Illinois Finance Authority head an all-star line-up of speakers at CBAI’s 2008 Ag Lenders’ Conference. This cutting-edge, two-day conference, conducted at the Crowne Plaza Hotel in Springfield, also features a number of exhibits by agricultural-related firms. For details and a registration form,
    click here.

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    What You Can Do for Customers Who Do Not Need Their Life Insurance Policies

    Your age is worth something.
    Click here to learn more.

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    June is National Home Ownership Month

    To help community bankers participate in National Home Ownership Month, ICBA has developed materials to spread the word that community banks are stable, valued sources for home financing and to differentiate themselves in the marketplace. The materials include customizable ads, press release templates, downloadable posters and statement stuffers. To access the materials, please go to
    www.icba.org/goto/homeownership.

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    Protect Against Poverty: Long-Term Care - A Commentary

    We all know the real-life scenario: One day you are healthy and the next a massive stroke/heat attack/Lou Gehrig’s disease (you get the picture) has occurred. Your costly medical bills will be covered but your income is lost because you can’t work any longer; plus expenses have now increased by at least $3,000 per month because you need nursing care. Long-term care may be the best answer. The learn more,
    click here.

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    CBAI
    UPCOMING EVENTS   
    CBAI's PROFESSIONAL DEVELOPMENT PROGRAMS THROUGH 6/15

    › Commercial Lending Institute

    › Banking Essentials: Bank Security/Privacy/ USA Patriot Act/ Customer Service/ Current Trends

    › Call Report Preparation

    › A Guide to Human-Resources Law

    › Customer Service Is Not Customer Loyalty

    TELEPHONE/WEBCASTS THROUGH 6/15

    › Directors’ Series: Directors & Technology

    › Keeping RESPA Simple

    › Reporting Your Credit Data: EOSCAR & Federal Compliance

    › Electronic Lending Rules

    › Your Bank’s Ethics Responsibilities

    › Dealing with Regulators in an Uncertain Environment

    › Safe-Deposit Compliance Update

    › Medallion & Signature Guarantee Rules


    OTHER NOTEWORTHY EVENTS

    CBAI Group Meetings 4/21 - 6/24, Register OnLine Now

    BKD Award Nominations Deadline, 6/23

    CBAI's 34th Annual Convention:
    "Hometown Heroes," Crowne Plaza Hotel, Springfield 9/11 - 9/13




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