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                       June 3, 2009 Graphic
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Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois


  • THE COMMUNITY BANKERS SCHOOL Scheduled for July 12-17, 2009
  • Federal Regulators Propose Rules on SAFE Act
  • Bernanke Urges Action on Deficits
  • Thrift Performance Rebounds
  • Mortgage Foreclosures Rise
  • Farmland Values Decline
  • ACRE Rules More Farmer-friendly
  • Baker Market Update
  • ICBA’s Fine: End the Shakedown, End Too-Big-To-Fail
  • ICBA’s Menzies: Open Doors
  • First Quarter 2009 FDIC Quarterly Banking Profile now Online
  • Buyer Beware: Tips from the FDIC on How to Protect Against Foreclosure Frauds, Easy Money Schemes and Other Costly Deals
  • CTH Technologies Can Secure Bank’s Sensitive Information
  • BKD Award Nominations Deadline Extended to June 19
  • New Program Helps Bank Directors Save Money!
  • Two CBAI Member Bankers Selected as “Rising Stars”
  • New Industry White Paper – Database Marketing
  • Community Bankers Offer Nearly $200,000 in Local Scholarships
  • Convention Grand Prize Trip Announced
  • CBAI’s Community Bank Tech Conference a Success
  • Free CBAI “Right Way” Ad Slicks Available in Electronic Form


  • THE COMMUNITY BANKERS SCHOOL Scheduled for July 12-17, 2009

    The Community Bankers School (CBS) consists of two, one-week sessions at Illinois Wesleyan University, located in Bloomington, IL. The 2009 session opens Sunday, July 12, and concludes Friday, July 17. Now also sponsored by the Independent Community Bankers of America, the Community Bankers School provides broad exposure to important elements of community banking. It gives students the most up-to-date thinking on core principles including compliance, operations, consumer credit, documentation, asset/liability management, marketing, management principles, and much, much more. Plus, it gives attendees a vast range of specific banking skills and techniques that can contribute immediately to their banks' overall success. Take control of your career and apply for the Community Bankers School today. With a well-rounded curriculum, the best instructors in the country, and a 20-year reputation of excellence, CBS is your fastest way to get ahead.

    For more information, please visit the new website at
    www.thecommunitybankersschool.com today!

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    Federal Regulators Propose Rules on SAFE Act

    The federal regulatory agencies issued for public comment proposed rules requiring mortgage originators who are employees of regulated institutions to comply with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act).

    The SAFE Act requires the regulators to jointly develop and maintain a system for registering residential mortgage loan originators including background information and fingerprints for a background check.
    More information.

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    Bernanke Urges Action on Deficits

    Federal Reserve Chairman Ben Bernanke
    told Congress on June 3 that the large federal budget deficits threaten financial stability, and the government can’t continue indefinitely to borrow at the current rate. He noted that either cuts in spending or increases in taxes will be necessary to stabilize the economy. Bernanke also said economic contraction in slowing, but economic recovery will be slow.

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    Thrift Performance Rebounds

    In the first quarter of 2009, U. S. thrift institutions recorded their best performance since September of 2007 with a loss of $47 million, according to the Office of Thrift Supervision (OTS). During the quarter, 74% of thrifts nationwide were profitable, up from 65% the previous quarter. However, troubled assets and the number of problem thrifts crept upward.
    More information.

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    Mortgage Foreclosures Rise

    According to the Mortgage Bankers Association, foreclosure actions on first mortgages continued to climb in the first quarter of 2009. The percentage of loans in the foreclosure process at the end of the first quarter was 3.85 percent, an increase of 55 basis points from the fourth quarter.
    More information.

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    Farmland Values Decline

    According to a Federal Reserve survey of 227 bankers in the Seventh Federal Reserve District, the value of “good” agricultural land decline by six percent (6%) in the first quarter of 2009, representing the largest quarterly decline since 1985. However, agricultural credit conditions generally improved compared to a year ago. For the full report,
    click here.

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    ACRE Rules More Farmer-friendly

    According to the Illinois Farm Bureau, emerging average crop revenue election (ACRE) rules and procedures will be more farmer-friendly. The deadline for ACRE sign-up is August 14, 2009.
    More information.

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    Baker Market Update

    Stocks showed resilience and mortgage rates soared last week. The Labor Department’s May payroll figures are due out this Friday.
    More...

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    ICBA’s Fine: End the Shakedown, End Too-Big-To-Fail

    Americans today appreciate the serious hazards and consequences of excessive financial concentration. For ICBA President Cam Fine’s take on this serious subject,
    click here.

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    ICBA’s Menzies: Open Doors

    These days when the U.S. Treasury Secretary speaks, the whole country listens. During ICBA’s Washington Policy Summit, an incredible event that drew Treasury Secretary Timothy Geithner to speak to nearly 700 community bankers, Geithner’s remarks confirmed — that ICBA and community bankers have impressive influence in our nation’s capital. For the full text of Menzies’ remarks,
    click here.

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    First Quarter 2009 FDIC Quarterly Banking Profile Now Online

    The first quarter 2009 FDIC
    Quarterly Banking Profile (QBP) is now available online. The QBP provides the earliest comprehensive summary of financial results for all FDIC-insured institutions. This report card on industry status and performance includes written analyses, graphs and statistical tables. In addition to the QBP, you may be interested in these other related products that have been updated to reflect this quarter’s data:

    Call and Thrift Financial Reports
    Complete bank Call Reports and savings institution Thrift Financial Reports, including detailed balance sheets and income statements.

    Institution Directory
    Comprehensive financial and demographic data for individual FDIC-insured institutions.

    Statistics on Depository Institutions
    Financial analysis tool that provides custom peer group analysis and data download capability.

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    Buyer Beware: Tips from the FDIC on How to Protect Against Foreclosure Frauds, Easy Money Schemes and Other Costly Deals

    Many people concerned about their mortgages, their jobs, or their finances may be especially vulnerable to scams and other costly "fixes" for their problems. The Federal Deposit Insurance Corporation has issued a variety of tips to help consumers be on guard financially in the current economy. The advice was published in the
    Spring 2009 issue of FDIC Consumer News, the agency's quarterly newsletter for consumers.

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    CTH Technologies Can Secure Bank’s Sensitive Information

    Many community banks lack a coordinated and proactive plan for dealing with the issue of detecting and preventing data breaches. Too often, community banks install a security solution to address a specific vulnerability, such as a spam filter for email, which can lead to a collection of incongruous parts. This patchwork of security software can disguise a security hole while instilling a false sense of security among bank management.
    The Solution.

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    BKD Award Nominations Deadline Extended to June 19

    What makes your bank special? The BKD Award annually recognizes a high-performing community bank which has gone beyond the ordinary — from innovative customer services to premier examples of corporate citizenship. The winner of the 2008 BKD Award was First National Bank of Dieterich which organized 30 high school students to interview 21 World War Two veterans and write essays on the veterans’ insights into their service during the war. A book was then compiled, entitled, “Teutopolis – Sigel’s Greatest Generation.” Other past winners have come to the aid of their communities in various ways; another developed a clever bank product. Send CBAI your bank’s
    entry today!

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    New Program Helps Bank Directors Save Money!

    In fulfillment of its mission to help strengthen the bottom lines of community banks for the benefit of the communities they serve, Community BancService Corp., Inc. (CBSC) is proud to introduce a program that will help reduce costs for the board members of CBAI member banks. Midwest Office Supply, CBSC’s preferred provider of office products and furniture, has developed a
    program that enables the board members of CBAI member banks to purchase office supplies and furniture at deeply discounted prices that had been available exclusively to CBAI member banks.

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    Two CBAI Member Bankers Selected as “Rising Stars”

    NorthWestern Financial Review magazine has selected employees of two CBAI member banks as the Illinois recipients of its prestigious Rising Star Award. The award was designed to shine a light on younger bank officers who have already achieved significant milestones in banking and in service to their communities, and who show great promise for their future banking careers. The Illinois winners are Amy Thiede, Prairie Community Bank, Marengo, and Mike Stratton, Better Banks, Peoria. Thiede is also Group 3 director of CBAI’s Career Development Division (CDD). Congratulations!

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    New Industry White Paper – Database Marketing

    Marquis Software Solutions, CBSC preferred provider for MCIF - CRM software has created a industry
    whitepaper entitled Marketing and the Informative Imperative. This whitepaper is intended to break through the clutter and make it easy for a bank to understand why information is the key for marketers in delivering consistent and meaningful return on investment (ROI).

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    Community Bankers Offer Nearly $200,000 in Local Scholarships

    The CBAI Foundation for Community Banking Scholarship Program is designed to complement, not compete with members’ own scholarship programs. It is one of the cornerstones of community banking to contribute to the well being of the local area. In a concrete example of that effort, CBAI member banks offered scholarships totaling $184,075 in their communities. For a list,
    click here. If your bank offered a scholarship and is not listed here, please contact bobbiw@cbai.com, CBAI Communications administrative assistant, to get on the list.

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    Convention Grand Prize Trip Announced

    You and your guest will spend four nights and five days in the jungle at Disney’s exotic Animal Kingdom located inside Walt Disney World. Disney’s Animal Kingdom theme park, one of four theme parks at Walt Disney World Resort, is full of attractions, adventures, and entertainment that reflect Walt Disney’s dedication to nature and conservation. Home to more than 1,700 animals from 250 species and sprawling across 500 acres of lush landscape, Animal Kingdom is the largest animal-theme park in the world. Your accommodations at the Animal Kingdom Lodge were designed based on the African game lodges which allows for maximum animal viewing potential. Your Savanna view room allows you to enjoy exotic birds and hoofed animals including giraffes and zebras in the Wildlife Reserve. Your jungle experience includes your flights to and from Orlando, Florida, transfers to and from your hotel, four days of park passes at Disney World’s parks, and four nights and five days at the Animal Kingdom Lodge.
    More...

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    CBAI’s Community Bank Tech Conference a Success

    More than 100 people, including 60 bankers, attended The 2009 Tech Conference on May 20, 2009, at the Crowne Plaza Hotel in Springfield. This conference, designed for community bankers, featured educational sessions that examined important banking-related technology topics, peer networking, and a 24 booth exhibit center. Topics covered included “Card Fraud,” presented by Charles Burkhart from SHAZAM®/ITS, Inc., Johnston, IA; “Mobile Banking,” presented by Cindi Lieblich of FundsXpress™/First Data Corporation, Austin, TX; “Building Your GLBA Vendor Management Program,” presented by Dan Hadaway of infotex, Inc., Kokomo, IN; “Answers to Common Technology Questions” by Mark Scholl from Lindgren, Callihan, Van Osdol & Co., Ltd., Sterling, IL; and “The Three Best Community Bank Technology Investments Today,” presented by Brad Smith from Abound Resources, Inc., Austin, TX.

    CBAI thanks the following firms for exhibiting at this year’s conference:
    *A5.com, Peoria, IL
    Automated Systems, Inc., Lincoln, NE
    *C-Soft/Jaguar Software, Sullivan, IL
    CBAI Web Site Hosting Program, Springfield, IL
    *CFC Technology Corporation, Plymouth, MN
    **+CTH Technologies, Oakbrook Terrace, IL
    *Call One, Wilmette, IL
    Community BancService Corporation, Inc., Springfield, IL (Exclusive Event Sponsor)
    *Computer Services, Inc., Paducah, KY
    *DBS Services, Springfield, IL
    *Digital Management Solutions, Inc., Fairview Heights, IL
    EOS, Inc., Springfield, IL
    Independent Bankers’ Bank, Springfield, IL
    *LKCS, Peru, IL
    *Lindgren, Callihan, Van Osdol & Co., Ltd., Sterling, IL
    *Locknet IT Solutions, LaCrosse, WI
    Nicola Banking System, Inc., Chickasha, OK
    *NuSource Financial Inc./Bankers Security, San Jose, IL
    Quesse & Company, LLC, Peru, IL
    Recovery Solutions, Plainfield, IL
    **+SHAZAM® Inc., St. Peters, MO
    *Summit Financial Solutions, Inc., Jefferson City, MO
    **+Welch Systems, Inc., Peoria, IL
    * CBAI Associate Member
    **Preferred Provider of CBAI, CBSC or CBIS
    +CBAI Website Sponsor

    For photos please
    click here.

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    Free CBAI “Right Way” Ad Slicks Available in Electronic Form

    Many CBAI members said they like the new ads prepared by CBAI. They are available free-of-charge by e-mailing
    cbaicom@cbai.com.

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    CBAI

           

    CBAI's PROFESSIONAL DEVELOPMENT PROGRAMS THROUGH 7/15/09



    TELEPHONE/WEBCASTS THROUGH 7/15/09



    OTHER EVENTS THROUGH 7/15/09


    6/8 CBAI Group 7 Meeting, Spring Lake Country Club, Quincy

    6/11 CBAI Group 9 Meeting, Urbana Country Club

    6/15 CBAI Group 4 Meeting, Freeport Country Club

    6/16 CBAI Groups 1, 2 & 3 Meeting, Arrowhead Golf Course, Wheaton

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