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                     July 14, 2010 Graphic
Graphic
Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois


  • Action Alert! Oppose the Credit Union Business Loan Expansion
  • Financial Reform Bill Set to Pass This Week
  • Reform of Housing Finance System on Deck
  • "Time is Running Out!! Don’t Miss Chance to Play Ball for FedPac!!
  • Update on the Illinois Budget Crisis
  • FDIC Granted Unlimited Authority to Investigate Banks
  • USDA News and Reports
  • All CBAI Members Invited to Attend Free Investment Seminar and Golf Outing Hosted by the Baker Group
  • Baker Market Update
  • Fed Now Expects Weaker Recovery
  • Sign Up for “Passport to Payments” Conference
  • CBAI Member Recovers from Fire with Aid of Recovery Solutions
  • 10 Things You Should Know When Working with an Ad Agency
  • Compliance on Privacy, Risk-Based Pricing and BSA Exam Set for 8/3-4
  • First Two Quarters of Banking Essentials Series Set for 8/11-12
  • Training the Credit Analyst Scheduled for August 4-5
  • Win Prizes by Registering for CBAI’s Annual Convention by July 31
  • Donate to Community BancPac Silent & Live Auction!


  • Action Alert! Oppose the Credit Union Business Loan Expansion

    CBAI is calling on community banks to urge Illinois Senators Richard Durbin and Roland Burris to oppose the Senator Mark Udall (D-CO)Amendment that would raise the credit union business lending cap and increase the size of loans exempt from the cap. The amendment offered yesterday afternoon to the CBAI-backed $30B Small Business Lending Fund would raise the cap on credit union member business loans from 12.25% to 27.5%. Expanding credit union commercial lending powers would do more to promote the interests of the large, multi-bond credit unions than reduce joblessness and create new employment opportunities. Passage of this amendment would amount to an unfair and counterproductive power grab by taxpayer-subsidized credit unions.

    To send a pre-written customizable letter via e-mail, please
    click here.

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    Financial Reform Bill Set to Pass This Week

    Recent announcements by both Republican and Democratic Senators that they will support the financial reform measure virtually assure passage of the measure later this week. The complex and far-reaching bill will then go to President Obama who has promised that he will promptly sign it into law.

    ICBA Clears Up Misinformation on Reform Bill

    Key ICBA leadership bankers, in an open letter to community bankers, took issue with misinformation regarding the Wall Street Reform bill. The officers noted that, while there are negative provisions in the measure that will need to be addressed in subsequent legislation, there are some major benefits for community banks.
    See Open Letter.

    In addition, ICBA has prepared a Fact Sheet on the deposit-insurance provisions.

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    Reform of Housing Finance System on Deck

    Congressional and regulatory attention is now turning to the future of Fannie Mae, Freddie Mac and the Federal Home Loan Banks.
    See Forbes Commentary. Both Treasury and HUD are now seeking public comments on several issues relating to the housing finance system.

    Community Banker Input Needed

    ICBA has developed two surveys for community bankers to complete by Monday, July 19. The responses will help ICBA craft its positions and comments. See Survey on Fannie and Freddie. See Survey on FHLBs. To read ICBA’s current views on the housing finance system, see ICBA’s Testimony.

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    "Time is Running Out!! Don’t Miss Chance to Play Ball for FedPac!!

    Cardinals vs. Phillies
    Busch Stadium
    1:15 p.m.
    July 22nd, 2010

    Your support for CBAI FedPac is important to our federal governmental relations program. CBAI FedPac was created to enhance the effectiveness of Illinois community banks in Washington, D.C. It supports the candidates who believe in CBAI's mission to maintain healthy and prosperous community banks. Register now!

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    Update on the Illinois Budget Crisis

    With Illinois’ fiscal mess now being equated to the financial woes of California, drastic measures appear to be the only remedy to return to financial health. It will be painful. A recent
    New York Times article provides an insightful portrayal of the issues and what is at stake.

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    FDIC Granted Unlimited Authority to Investigate Banks

    The FDIC board this week approved an agreement with the Treasury and Federal Reserve to give the FDIC authority to make special independent examinations of banks, a result of experiences during the financial crisis. The FDIC noted that it lacked access to needed information to evaluate banks’ risk to the insurance fund.
    See Article.

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    USDA News and Reports

    Get the daily, weekly, monthly, and quarterly grain and livestock reports from the U. S. Department of Agriculture by clicking on
    Market News.

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    All CBAI Members Invited to Attend Free Investment Seminar and Golf Outing Hosted by the Baker Group

    Click here to register now!

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    Baker Market Update

    Long-term Treasury prices dropped. The yield on the two-year Treasury Note is unchanged. The Dow Jones Industrial Average rose.
    More.

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    Fed Now Expects Weaker Recovery

    The Federal Reserve’s latest economic forecast reveals increasing pessimism about an economic recovery. The Fed now estimates that unemployment in 2012 will remain relatively high at between 7.1% and 7.5%.
    See CNN Money Article.

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    Sign Up for “Passport to Payments” Conference

    ICBA Bancard is building on its reputation as the nation’s voice for community banks on payments with comprehensive workshops and educational opportunities at Bancard’s Card Conference & Expo Sept. 26-28, 2010.
    Confirmed speakers include Visa economist Wayne Best, ICBA regulatory expert Karen Thomas, and Fiserv marketing strategist Mark Sievewright. Register today for the ultimate card conference and save big with the early-bird discount. Learn More.

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    CBAI Member Recovers from Fire with Aid of Recovery Solutions

    As natural disasters become more and more pervasive in our daily news, it should invariably heighten our industry’s concern and awareness of disaster preparedness. However, it is not only natural disasters that we need to contend with as Chris Gavin, president & CEO of Midwest Bank of Western Illinois, Monmouth recently learned.
    See Full Story.

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    10 Things You Should Know When Working with an Ad Agency

    For the article from NorthStar Strategies,
    click here.

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    Compliance on Privacy, Risk-Based Pricing and BSA Exam Set for 8/3-4

    The
    CBC program remains committed to keeping bankers aware and prepared. Privacy and Risk-Based Pricing Disclosures (two of the subjects of the next CBC session) have changes that begin January 1, 2011. The BSA Exam Manual changes are already in place. Privacy changes include a new privacy notice that will be required beginning January 1, 2011 to maintain a “safe harbor.” What seems to be a simple process is not really all that simple. In addition, it covers the final section of the FACT Act which is effective January 1, 2011. This new regulation has numerous features that require executive decisions within the bank well in advance of year end 2010. Federal regulators published the long-awaited revised BSA examination manual on April 29, 2010, filled with changes. The focus of the presentation is on these changes and how the changes may impact your operations.

    The seminar is conducted by Bill Elliott, Senior Consultant and Manager of Compliance at Young & Associates, Inc. of Kent, OH, a nationally recognized compliance consulting firm specializing in community banks.

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    First Two Quarters of Banking Essentials Series Set for 8/11-12

    CBAI is pleased to present
    “Banking Essentials,” four, one-day seminars offered in Springfield. A must for the newer community bank employee, this series is designed to provide a complete knowledge of banking principles and operations. It is also geared toward veteran employees as a refresher course. The four quarters are structured as two, two-day sessions, to cut down on travel for your convenience. As such, quarters one and two are offered on consecutive days in August, and quarters three and four are offered on consecutive days in February. All seminars are held at CBAI headquarters in Springfield. While it is recommended that the individual attend all four quarters to receive an entire overview of banking, each quarter's material stands alone; one quarter is not a prerequisite for another.

    Leading the first session, “Analyzing the Bank and the Banking System,” is Jim Kleinfelter, president of Young & Associates, Inc. Ann M. Brode of Brode Financial Services, a bank-consulting firm located in Ravenna, OH, leads the second session, “What Is a Bank?”

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    Training the Credit Analyst Scheduled for August 4-5

    “Training the Credit Analyst” is a two-day program scheduled for August 4 & 5, in Springfield. As community banks grow and strive to become high-performing financial institutions, the need to cultivate and develop a portfolio of commercial borrowers often increases. Credit analysis is an essential part of this process as banks strive to develop solid commercial relationships. This seminar is designed to address the needs of beginning credit analysts and to reinforce the credit skills of current credit analysts. It teaches how to write effective and comprehensive credit analyses which highlight the important trends shown on the financial spread sheet. Other analytical tools that are covered include cash-flow analysis, break-even analysis, ratio analysis, financial projections, and sensitivity analysis. Leading this seminar is Jeffery Johnson, president and founder of Bankers Insight Group, Atlanta, GA, who has more than 25 years’ experience in the banking field.

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    Win Prizes by Registering for CBAI’s Annual Convention by July 31

    By registering early for CBAI’s 36th Annual Convention & Expo by June 30, 2010, you not only receive a significant discount on the registration fee, you are also eligible to win valuable
    prizes, including a Kindle wireless reading device. Scheduled for September 30 – October 2, 2010, at the Galt House in Louisville, KY, “Community Banking: The Odds-On Favorite” is an event you won’t want to miss. This convention offers the perfect mix of educational programs, top-rated speakers, a quality exhibit center, and networking opportunities at numerous social events.

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    Donate to Community BancPac Silent & Live Auction!

    Bet on Community Banking… the Odds-On Favorite Donate to Community BancPac Silent & Live Auction, Thursday, September 30, 2010, Galt House, Louisville, Kentucky.
    Donation/Sponsorship Form.

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