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               October 6, 2010 Graphic
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Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois


  • ICBA Attends White House Signing of Small-Biz Act
  • Bernanke Warns of Deficit Perils
  • CBAI's 36th Annual Convention Highlights
  • Vote for Roger Lehmann for FHLB Board
  • Acting Comptroller Testifies on Wall Street Reform Act
  • Fine Points - HALFTIME IS ENDING
  • From the Top - WE, THE MIGHTY ENGINES
  • Enhance Your Community Bank's Capital Position!
  • State of Illinois Lowers Linked-Deposit Rates
  • Community Banks Already Ready for Basel III
  • Baker Market Update
  • Make Sure Everyone in Your Bank Gets Valuable Information from CBAI
  • CUs Have It Both Ways Following Rescue
  • CDD Fall Meeting Scheduled for October 27th in Champaign
  • Consumer Lending Institute Offered in October


  • ICBA Attends White House Signing of Small-Biz Act

    ICBA represented the nation’s community banks at the 9/27/10 White House signing of the Small Business Jobs and Credit Act (H.R. 5297). The law, which CBAI strongly supported, sets up a lending fund for small businesses to expand and hire new employees, and also creates tax cuts for small businesses.
    More.

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    Bernanke Warns of Deficit Perils

    Federal Reserve Chairman Ben Bernanke said this week that the U.S. faces serious long-term fiscal challenges that could threaten the nation’s economic future. He urged policymakers to quickly implement a plan to bring down the deficit over the near term.
    See Article.

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    CBAI's 36th Annual Convention Highlights

    Nearly 200 bankers from 110 community banks participated in CBAI's 36th Annual Convention & Expo, conducted September 30 - October 2, 2010 at the Galt House, in Louisville, Kentucky. Attendees availed themselves of a record number of educational breakout sessions, expert presentations in the general sessions, and the large exhibit hall featuring more than 100 companies. The Convention benefited from fantastic Fall weather and the friendly city of Louisville.
    See Highlights.

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    Vote for Roger Lehmann for FHLB Board

    CBAI urges all community bankers that are members of the Chicago Federal Home Loan Bank to vote only for incumbent Roger lehmann of the Harvard State Bank. For more information,
    Click Here.

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    Acting Comptroller Testifies on Wall Street Reform Act

    Acting Comptroller of the Currency John Walsh discussed implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act in testimony before the Senate Committee on Banking, Housing, and Urban Affairs.

    Related Links:
      Oral Statement
      Written Testimony
      Acting Comptroller of the Currency John Walsh

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    Fine Points
    HALFTIME IS ENDING


    If Wall Street financial reform were a Super Bowl, the fireworks that frequently cap off the game’s halftime show would be lighting up the sky. We’d be discussing the game’s highlights and lowlights and possibly renegotiating our friendly pregame wagers. Some of us would be restocking ice chests, refilling chili crocks and potato chip bowls or passing around steaming pizza pies. A few of us might even be retouching our face paint of our favorite team’s colors.
    Read more.

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    From the Top
    WE, THE MIGHTY ENGINES


    It has been a controversial, stressful year (and more) for community banking. But the light at the end of the tunnel will likely not be a freight train but the glow of better things to come. Remember, from 1980 to 1999, seven pieces of major legislation were passed, and we managed to comply with those changes and still made money and helped our communities grow. We will do it again this time; we always do.
    Read more.

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    Enhance Your Community Bank's Capital Position!

    CBAI is pleased to host
    “Enhancing Your Community Bank’s Capital Position” on October 14 at the Holiday Inn Select in Naperville. This one-day conference features the following sessions: “Capital Needs for Community Banks --- An Overview;” “Utilizing Bank Holding Company Debt;” “Private Equity Financing & Stock Offerings;” “Collins Amendment;” “Tax and Accounting Issues in Capital Raising;” and “Asset and Branch Sales.” This conference also includes a regulators panel entitled; “Proposed Legislative and Regulatory Changes and Their Impact on Capital,” as well as a panel featuring professionals who work closely with community banks on turnaround projects.

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    State of Illinois Lowers Linked-Deposit Rates

    The Illinois State Treasurer’s Office announced last week that the deposit rates on linked-deposits for businesses, consumers and community residents would be lowered to .5% for the remainder of 2010. The State Treasurer also announced that the linked-deposit rate for the Small Business program would be lowered to .25% for the rest of 2010. An interest rate of no more than 3% over the new deposit rates can be charged to qualifying borrowers under these programs. Please click here for the Treasurers’ announcement and further information.
    See Release.

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    Community Banks Already Ready for Basel III

    The oversight body of the Basel Committee on Banking Supervision
    recently released new capital and liquidity standards for the banking sector. These new standards, known collectively as Basel III, are designed to ensure banks are better able to withstand economic and financial stress.

    The recommendations, subject to approval in November by the Group of 20, must be enacted by member nations, which is scheduled to begin on Jan. 1, 2013, and will be implemented over several years. The U.S. banking regulators voiced support for the standards after they were released. But what impact will they have on the nation’s community banks? More.

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    Baker Market Update

    Yields on Treasury Notes and Bonds pushed lower while stocks were slightly down this week, as prospects for a lack luster recovery seemed more likely.
    Read more.

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    Make Sure Everyone in Your Bank Gets Valuable Information from CBAI

    Is your bank management team in the loop? For just 10 dollars a month, you can guarantee it through a CBAI Add-an-Officer subscription. Complete the
    attached form and fax it to 217-585-8738, attention Bobbi.

    What about your bank directors? Are they in the CBAI loop? For only five dollars a month, your bank’s directors will receive CBAI information and discounts off of directors’ seminars and the CBAI Convention. Complete the attached form and fax it to 217-585-8738, attention Bobbi.

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    CUs Have It Both Ways Following Rescue

    In his
    latest blog post, ICBA President and CEO Cam Fine wrote that the recently announced taxpayer rescue of the credit union industry allows the tax-exempt industry to have its cake and eat it too. Fine wrote that a financial industry that has never paid a dime in federal taxes is enjoying a taxpayer-funded rescue because of risky lending practices. “With spiraling budget deficits, maybe this bailout is enough to get Congress to finally act to ensure that the rest of us don’t have to take a bite of what the credit union industry is cooking up,” he wrote in Finer Points.

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    CDD Fall Meeting Scheduled for October 27th in Champaign

    CDD’s Fall Meeting is scheduled for October 27 at the I Hotel Conference Center in Champaign. This meeting begins with the popular Networking Session where bankers have an opportunity to engage in a roundtable discussion with other bankers sharing their job responsibilities. This is followed by a Legislative Update by CBAI's Kraig Lounsberry and David Schroeder. Laurie Guest presents her session entitled, “I Want To See the Jalapeno Coming: A Hot Recipe to Attract New Customers.” Following the Business Meeting Luncheon, the afternoon agenda features breakout sessions: “Emerging Trends in the Payment Industry;” “Loan Review: The Best Time for Best Practices Is Now;” “Solving People and Business Problems;” “Just When You Thought It Couldn't Get Any Worse;” “You Better Cross-Sell Like Hell!;” and “Best Practices for Foreclosures and Collection” The Fall Meeting concludes with a general session by Laurie Guest entitled, “Are We Having Fun Yet? How To Shake Your Attitude in the Workplace.”

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    Consumer Lending Institute Offered in October

    CBAI’s
    “Consumer Lending Institute” is scheduled for October 19-21, at the CBAI Headquarters in Springfield. Sound credit decisions by community-bank lenders require a high degree of perception and skill. To reach this level of sophistication, your lending personnel must constantly rethink existing approaches, research new ideas, and update their knowledge. To provide your community bank with guidance and training, CBAI has developed the “Consumer Lending Institute.” This three-day educational program provides essential knowledge and skills to your lending professionals and establishes a network of lenders for continued support by sharing experiences with lending professionals. Topics covered on day one include lending compliance, introduction to consumer lending, and taking the loan application and interviewing. Day two covers investigating the application, risk analysis, lending to self-employed borrowers, and business development. Topics discussed on day three include loan documentation, collections, and bankruptcy. The faculty members for this institute are David Kemp, president of Bankers Management, Inc., College Park, GA, and Tim Tedrick, executive officer with the accounting firm of Lindgren, Callihan, Van Osdol in Sterling, IL.

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    CBAI

           

    CBAI's PROFESSIONAL DEVELOPMENT PROGRAMS THROUGH 11/15/2010



    TELEPHONE/WEBCASTS THROUGH 11/30/2010




    Other CBAI Events

    CBAI’s 36th Annual Convention & Exposition (9/30-10/2; Galt House, Louisville, KY) Highlights

    CBAI Career Development Division Fall Meeting (10/27; I Hotel & Conference Center, Champaign


    Finer Points Blog


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