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                  August 13, 2008 Graphic
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Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois


  • Last Week to Send Letters Opposing FCS Expansion!
  • Clock Ticking on ILC Loophole - Action Needed!
  • Discover the Abraham Lincoln Presidential Museum at CBAI’s 34th Annual Convention & Expo
  • This Year’s Exhibit Hall — Largest Ever with 109 Booths!
  • Full-service Approach to MCIF-CRM Now Available
  • Order Additional Copies of the IL Financial Directory & Fact Book
  • Baker Market Update
  • Freddie Mac Issues Second Quarter Financials
  • Fannie Mae Announces Second Quarter Results
  • Citigroup to Pay $100 Million in Penalties for Securities Sales
  • SBA Introduces Online Disaster Loan Application
  • U.S. Worker Productivity Up As Employment Declines
  • Harland Clarke Acknowledged by U.S. Postal Service


  • Last Week to Send Letters Opposing FCS Expansion!

    The Farm Credit Administration (FCA) has issued a proposed regulation entitled "Investments in Rural America" which if adopted will allow the Farm Credit System to make virtually any type of non-farm loan in all communities with up to 50,000 population. FCA's tactic is that FCS would simply label these non-farm loans "investments" and circumvent the law's lending constraints. FCS should not be allowed to transform from a farm lender to a general purpose lender. If this outrageous proposal is not stopped, FCS will cherry pick your best non-farm loans!
    Click here to send your comment letter now! Comment letter deadline August 15, 2008.

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    Clock Ticking on ILC Loophole - Action Needed!

    The clock continues to tick down on Congress to close the ILC loophole which, if left open, could invite a new round of ILC applications by commercial firms like Wal-Mart and Home Depot. Please find
    attached some talking points to use. Contact your Congressmen now!

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    Discover the Abraham Lincoln Presidential Museum at CBAI’s 34th Annual Convention & Expo

    This year's Friday night optional activity at CBAI’s 34th Annual Convention and Expo September 11-13, 2008, is being held at the Abraham Lincoln Presidential Museum in downtown Springfield. The Museum will open its doors exclusively for CBAI Convention attendees for a special event, which includes access to museum attractions, live re-enactments, cocktails and hors d'oeuvres, as well as period music by The New Century Orchestra. For more information and to register,
    click here.

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    This Year’s Exhibit Hall — Largest Ever with 109 Booths!

    Packed full of the latest products & services for community banks, visit the Exhibit Center and:

    • keep abreast of new information, products, and services;
    • improve purchase management and business development;
    • compare prices and products more effectively;
    • save time by seeing all vendors in one location; and
    • enjoy prizes, desserts, cocktails, breakfast, and a chance to win a Rolex “Airking” watch.

    Click here for a list of Exhibitors.

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    Full-service Approach to MCIF-CRM Now Available

    Marquis Software Solutions, CBSC preferred service provider for MCIF-CRM solutions announces On-Trax. On-Trax is a new, full-service consulting approach to MCIF-CRM. On-Trax strategic consultants provide a bank with all the benefits of an MCIF – without the bank’s staff having to lift a finger. The On-Trax consultants produce all of the MCIF reports and analysis for a bank, then establishes a targeted marketing plan that fits within the bank’s strategic plan. On-Trax, will bring a bank’s client information to life!

    “Marquis provides a comprehensive, strategic marketing solution that has enabled us to be more professional and effective marketers and customer relationship managers. Because of our Marquis relationship, we've been able to eliminate a full-time marketing position.” Greg Birky, Illini Bank, Springfield.

    For more information,
    click here.

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    Order Additional Copies of the IL Financial Directory & Fact Book

    The Illinois Financial Directory & Fact Book provides complete, accurate, and up-to-date information about financial services in Illinois. It contains detailed listings of officers, directors, and balance sheets of all Illinois banks and thrifts; complete information on all Illinois-based holding companies; and detailed listings for credit unions ($5 million or more in assets). Who’s who and what’s where — name, address, city, and zip code, plus transit, phone, and fax numbers — down to the dollar signs and decimal points. To order a copy, call the publisher, Accuity, at 800-321-3373.

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    Baker Market Update

    Last week,, the Federal Reserve maintained its target rate of two percent for overnight borrowings. Treasury yields fell on Thursday as the sale of $10 billion of 30-year bonds pushed prices up with stronger-than-forecasted demand.
    Click here for more.

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    Freddie Mac Issues Second Quarter Financials

    Freddie Mac incurred a net loss of $821 million for the second quarter ended 6/30/08, but maintained a surplus over regulatory capital requirements. The agency is committed to raise $5.5 billion in addition capital.
    Detailed financials.

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    Fannie Mae Announces Second Quarter Results

    Fannie Mae reported a net loss of $2.3 billion in the second quarter of 2008 and plans to raise more than $7 billion in additional capital.
    More details.

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    Citigroup to Pay $100 Million in Penalties for Securities Sales

    Citigroup will pay $100 million in penalties to settle allegations of misrepresentations in marketing and selling auction rate securities. The giant also agreed to buy back $7.5 billion in illiquid securities from approximately 40,000 customers.
    More information.

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    SBA Introduces Online Disaster Loan Application

    The Small Business Administration now offers an online disaster loan application for businesses and nonprofits that incur economic losses to real estate and property following a declared disaster.
    Application.

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    U.S. Worker Productivity Up As Employment Declines

    According to the U.S. Department of Labor, worker productivity increased by 2.2% in the second quarter while employers eliminated 165,000 jobs.
    Full Report.

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    Harland Clarke Acknowledged by U.S. Postal Service

    Harland Clarke was named a 2008 recipient of the “Corporate Business Achievement” award at this year’s National Postal Forum. The award recognizes the business partnership of a company with the U.S. Postal Service (USPS), as demonstrated by its use of postal products and services that strengthen and grow its business. Harland Clarke’s relationship with the USPS started more than 130 years ago and has always been based upon a spirit of cooperation in delivering outstanding service and winning results to the customers the two entities share.

    “We consider the U.S. Postal Service an invaluable partner in fulfilling the needs of our clients and their customers or members,” said Dan Singleton, EVP, Sales and Marketing. “The decisions we make about package design, sortation systems, labels, barcodes, and other delivery components, are made only after extensive discussions with the Postal Service.”

    Harland Clarke’s business model is performance excellence. This has driven the company’s close working relationships with suppliers. “We are in constant pursuit of continually improving the experience of our clients,” noted Carol Kliewer, director, Logistics and Distribution. “By working collaboratively with the United States Postal Service, we are helping ensure great customer service at every delivery touch point.”

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    CBAI

           

    CBAI's PROFESSIONAL DEVELOPMENT PROGRAMS THROUGH 9/30/08

    › Banking Essentials: What Is a Bank?

    › The New FACT Act Regulation

    › Branch Managers’ Workshop

    › Assessing Individual Creditworthiness

    › Business Development Officer Calling Workshop

    › Auditing for Fair Lending


    TELEPHONE/WEBCASTS THROUGH 9/30/08

    › Regulators & Impaired Loans

    › FDIC Insurance: Top 10 Reasons Your Customer Might Not Be Fully Covered and How To Avoid Them

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

    › Handling Returns in the Payments Environment

    › Reporting Your Bank's 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

    › Flood Compliance: Getting It Right!

    › Understanding Signature Cards & Account Agreements

    › Surviving a BSA Exam

    › Certificate of Deposit Accounts: Compliance, Signature Cards & Disclosures


    OTHER EVENTS


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




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