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 30, 2008 Graphic
Graphic
Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois


  • CBAI Member Banker Named “Rising Star”
  • CBAI Expands Governmental Relations Team
  • CBAI Opposes FCA Expansion
  • CBAI Officer Compensation Survey Results Available Soon
  • Web Site Design Flaws Can Put Bank Customers at Risk
  • FundsXpress™ Offers White Paper on Internet Risk Management
  • Midwest Floods Illustrate Importance of Direct Deposit
  • Baker Market Update
  • Cook County Anti-Predatory Lending Database Program Fact Sheet
  • Chicago FHLB Announces 2nd Quarter Results and Resumes Future Redemptions
  • Fannie Mae President Responds to Signing of Housing Bill
  • Treasury Issues Best Practices for Covered Bonds
  • Fourth Quarter Bank Robbery Statistics Show Slight Uptick
  • Deposit Insurance Posters Available
  • Some Bright Spots in Economic Data


  • CBAI Member Banker Named “Rising Star”

    Dale Boyer, Citizens National Bank of Paris, has been named a “Rising Star” by NorthWestern Financial Review. Read the
    entire story here.

    Back to top

    CBAI Expands Governmental Relations Team

    Effective July 1, CBAI’s governmental relations services were expanded and enhanced to address the increasing number of competitive issues facing community banks at the state and federal levels.
    Click here to read more.

    Back to top

    CBAI Opposes FCA Expansion

    On July 25, 2008, the Community Bankers Association of Illinois submitted a comment letter in opposition to the Farm Credit Administration's proposal to expand the powers of farm credit institutions.
    Click here to read more.

    Back to top

    CBAI Officer Compensation Survey Results Available Soon

    The results of the 2008 CBAI Officer Compensation Survey will become available in the next two weeks. Results measure community-bank changes in assets, the salaries and benefits of key officers, directors’ fees, and the pay of support personnel, along with other critical human-resource information. Data are compiled according to asset size and geographical location within Illinois. Results are free to CBAI members that subscribe. Non-participant members may order the results for $150; non-participant non-members may order the results for $300. To complete an order form,
    click here.

    Back to top

    Web Site Design Flaws Can Put Bank Customers at Risk

    Many U.S. banks are unwittingly training their online customers to take risks with their passwords and other sensitive account information, leaving them more vulnerable to fraud, new research shows.
    View article...

    Back to top

    FundsXpress™ Offers White Paper on Internet Risk Management

    For the complete article,
    click here.

    Back to top

    Midwest Floods Illustrate Importance of Direct Deposit

    CBAI is a partner with the U.S. Treasury in its “Go Direct” initiative. For information on the importance of direct deposit for community banks’ customers,
    click here.

    Back to top

    Baker Market Update

    Turmoil in the banking arena continues this week. The U.S. House of Representatives passed a bill to support the liquidity and capital needs of Freddie Mac and Fannie Mae.
    Click here for more.

    Back to top

    Cook County Anti-Predatory Lending Database Program Fact Sheet

    Effective July 1, 2008, in order to record any mortgage against a 1-4 unit, owner-occupied residential property located in Cook County, a Certificate of Compliance or Certificate of Exemption must be attached to the mortgage. The measure is intended to reduce predatory lending practices by helping the borrower better understand the terms of the loan for which he or she has applied. A
    Fact Sheet provides further details.

    Back to top

    Chicago FHLB Announces 2nd Quarter Results and Resumes Future Redemptions

    The Chicago Federal Home Loan Bank released a
    summary of financial results for the quarter ending June 30, 2008. FHLB President and CEO Matthew Feldman, who attended the CBAI board of directors meeting in June, indicated that the second quarter marked a turning point for the bank although dividend payments are unlikely through 2008.

    In a separate announcement, the FHLB said members that purchase activity-based stock to support new advances can redeem that stock once those advances mature or are repaid.

    Back to top

    Fannie Mae President Responds to Signing of Housing Bill

    Daniel Mudd, President of Fannie Mae,
    said today that the Housing and Economic Recovery Act of 2008 will provide crucial support for the housing market. The measure creates a new regulatory framework for the federally chartered housing enterprises.

    Fannie Mae also released its June 2008 Monthly Summary.

    Back to top

    Treasury Issues Best Practices for Covered Bonds

    This week the Treasury issued best practices for residential covered bonds to encourage additional sources of mortgage financing and strengthen financial institutions. A covered bond is a secured debt instrument that provides funding to a bank, collateralized by high-quality mortgages that remain on the bank’s balance sheet.
    More information.

    Back to top

    Fourth Quarter Bank Robbery Statistics Show Slight Uptick

    Statistics released recently by the FBI show a minor increase in the number of reported bank robberies for the fourth quarter of 2007.
    Press Release.

    Back to top

    Deposit Insurance Posters Available

    ICBA added posters promoting deposit insurance to its
    Safety of Community Bank Deposits online resource center. The posters supplement news releases, newspaper ads, brochures and other communications tools community bankers can use to ensure consumers are aware of the safety and security of community bank deposits.

    Back to top

    Some Bright Spots in Economic Data

    Consumer confidence was up slightly in July after falling for six straight months, according to the
    Conference Board. The industry group's index stands at 51.9, up from 51.0 in June, a 16-year low. In addition, the drop in home prices slowed, decreasing 0.9 percent in May, according to a survey of 20 U.S. cities. The pace of decline slowed for the third straight month, and prices in seven cities increased, according to the Standard & Poor's/Case Shiller index. Overall, prices were down 15.8 percent in the past year, reaching levels from summer 2004.

    Back to top

    CBAI

           

    CBAI's PROFESSIONAL DEVELOPMENT PROGRAMS THROUGH 9/15/08

    › Identify Theft Protection: Are You in Compliance?

    › Fourth Quarter Compliance Meeting – Reviewing a Consumer Loan File

    › Training the Credit Analyst

    › Community Bank Directors’ College – Session I

    › Banking Essentials: What Is a Bank?

    › Managing Consumer Collections during a Difficult Market!

    › The New FACT Act Regulation

    › Branch Managers’ Workshop


    TELEPHONE/WEBCASTS THROUGH 9/15/08

    › Opening Personal Accounts

    › Title Insurance Issues

    › Granting, Documenting, & Monitoring CTR Exemptions

    › Advanced Commercial Loan Documentation

    › Conducting an Independent BSA Audit

    › Sub S Trusts: Use, Management and Problems with QSST, ESBT and Other Unique Sub S Shareholders

    › Technology Contract Negotiation

    › Understanding Letters of Credit Rules

    › How To Roll Out Remote Deposit Capture
    › Advanced Business Accounts: Agencies, Escrow, and Multi-Tiered

    › Network Scanning

    › Regulators & Impaired Loans

    › S Corporation ESOPs: How to Take Advantage of the Benefits and Avoid the Risks

    › Handling Returns in the Payments Environment

    › Reporting Your Credit Data: EOSCAR & Federal Compliance

    › Head Teller Development: Communication Essentials

    › Proper Perfection of Security Interests in Collateral

    › Fee Income: O Wherefore Art Thou?

    › Directors' Series: Ownership Issues for Directors


    OTHER EVENTS


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




    CBAI
    PRODUCTS AND SERVICES



    CBAI
    INSURANCES



    CBAI
    FOUNDATION



    CBAI
    PUBLICATIONS

    800.736.2224 (IL) | 217.529.2265 | www.cbai.com

    DISCLAIMER:The association is not responsible for and has no control over the subject matter, content, information, or graphics when viewing links attached to this association's site. If you do not wish to receive e-mails from Community Bankers Association of Illinois (CBAI), 901 Community Drive, Springfield, IL 62703, through CBAI in the future, please click here. - OR - If you would like to be removed from the CBAI e-mail database, please click here.

    © 2008 Community Bankers Association of Illinois. All Rights Reserved.