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           December 30, 2009 Graphic
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Community Bankers Association of Illinois
Community Bankers Association of Illinois Community Bankers Association of Illinois


  • Huffington: “Move Your Money to Community Banks”
  • Senators Dodd and Shelby Issue Statement on Financial Reform
  • Q & A on the CFPA
  • CBAI Director Matt Gambs Attends White House Meeting with Obama and Geithner
  • Top Bank Security Threats in 2010
  • Fed Proposes Offering “Term Deposits” to Banks
  • Baker Market Update
  • Economic Signals Generally Positive
  • Chicago Fed Manufacturing Index Rises in November
  • St. Louis Fed Economic Report Mixed
  • FDIC Releases 9/30/09 Quarterly Banking Profile
  • Agencies Release Annual CRA Asset-Size Threshold Adjustments
  • RESPA Revisions to Good Faith Estimate and HUD-1 Settlement
  • 65 Million Consumers Will Open Deposit Accounts Online by 2012
  • USDA Implements New Crop Disaster Assistance Program
  • CBAI Compliance Institute Scheduled for January 13-14, 2010
  • Banks Offering REWARDChecking® from BancVue® Can Easily Capture Consumers Online with CheckingFinder.com
  • CBAI 2010 Operations/Technology Groups Begin in March
  • CBAI 2010 Marketing Groups Begin in February


  • Huffington: “Move Your Money to Community Banks”

    On December 29, 2009, the Huffington Post recommended to readers that they adopt a special New Year’s Resolution: “Move your money to community banks.” Frustrated by the too-big-to-fail banks that were propped up with taxpayer money and government guarantees and the growing chasm between the fortunes of Wall Street and Main Street, the editorial declares “It’s time for Americans to move their money out of these reckless behemoths” into smaller, more local, more traditional community banks. CBAI wholeheartedly agrees. CBAI and ICBA are continuing the campaign to get Congress to break up the giant banks for the sake of our country and future generations.
    See Full Article.

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    Senators Dodd and Shelby Issue Statement on Financial Reform

    With the focus on financial reform now shifting to the Senate, Senate Banking Committee Chairman Chris Dodd (D-CT) and Ranking Member Richard Shelby (R-AL) issued a joint statement citing their mutual goals which includes ending too-big-to-fail.
    See Full Statement.

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    Q & A on the CFPA

    ICBA has prepared information regarding the proposed creation of a Consumer Financial Protection Agency (CFPA) which is contained in a financial reform measure recently passed by the U.S. House of Representatives. The financial reform debate will continue in the U.S. Senate in late January or early February.
    See Q & A.

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    CBAI Director Matt Gambs Attends White House Meeting with Obama and Geithner

    CBAI Director Matt Gambs Attends White House Meeting with Obama and Geithner On Tuesday, December 22, 2009, CBAI board member Matt Gambs, CEO of Diamond Bancorp in Schaumburg, attended a meeting at the White House with President Barack Obama and Treasury Secretary Tim Geithner to discuss key community banking issues and ways to increase small-business lending, create jobs, and bolster the economy. Gambs was among 12 community bankers from across the country invited to attend the private session.
    More.

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    Top Bank Security Threats in 2010

    In preparation for the next year, Bank Information Security has assembled the experts’ selections for the top security threats for financial institutions, including organized crime.
    See Full Report.

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    Fed Proposes Offering “Term Deposits” to Banks

    Earlier this week, the Federal Reserve proposed allowing banks to hold term deposits at the Fed, essentially the equivalent of CDs for banks. The interest-bearing deposits would presumably be one of several tools the Fed could use to drain money from the economy to control inflation. The banking profession and the public will be able to submit comments on the proposal before a final rule is adopted.
    See Article.

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    Baker Market Update

    Economic growth in the third quarter turned out to be less robust than first estimated. The yield on the 10-yr Treasury Note has seen a notable rise in December. Durable goods orders in November rose 0.2%. This week, the Treasury Department will auction off $122 billion in two- five-, and seven-year notes.
    More.

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    Economic Signals Generally Positive

    The
    consumer confidence index rose in December for the second straight month as pessimism over jobs diminished. The gauge of job expectations for the next six months climbed to 75.6, the highest in two years.

    According to CareerBuilder’s 2010 Job Forecast, 20% of employers plan to increase the number of full-time, permanent employees in 2010, up from 14% in 2009. The survey of more than 2,700 HR professionals across industries also revealed that hiring is expected to increase in information technology, manufacturing, and financial services to name a few.

    However, the S&P/Case Shiller Home Price Index, which covers 20 of the largest metropolitan areas in the U.S., found that home prices were flat in October after four consecutive months of gains. In Chicago, home prices fell 1 percent in October after climbing 1.2 percent in September. However, Chicago-area home sales increased by 72% in November. See Article.

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    Chicago Fed Manufacturing Index Rises in November

    The Federal Reserve Bank of Chicago’s Midwest Manufacturing Index increased 1.2% in November after a 0.8% increase in October, reflecting slow economic growth. The Index is a monthly estimate of manufacturing output in the region by major industry.
    See Full Report.

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    St. Louis Fed Economic Report Mixed

    The Federal Reserve Bank of St. Louis recently published the Burgundy Book, a summary of economic conditions in the Eighth Fed District which includes 45 counties in southern Illinois. Economic activity in the area continues to be weak with few signs of improvement in recent periods. Retailers and auto dealers reported lower sales than a year ago, and manufacturing and service sectors continued to shed jobs. The banking sector remained stable.
    See Full Report.

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    FDIC Releases 9/30/09 Quarterly Banking Profile

    The current issue of the
    FDIC Quarterly includes a feature article that highlights findings from the 2009 Summary of Deposits, an annual survey of bank and thrift deposits. The article reports on national trends in domestic deposits and banking offices and also presents some information by state, metropolitan area, and institution. This issue of the FDIC Quarterly also includes third quarter 2009 profession results from the Quarterly Banking Profile, which was released on November 24, 2009. This service is provided at no charge by FDIC Subscriptions.

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    Agencies Release Annual CRA Asset-Size Threshold Adjustments

    The FDIC, the
    Federal Reserve Board, the OCC, and OTS have approved the attached joint final rule amending the Community Reinvestment Act (CRA) to make the annual adjustments to the asset-size threshold used to define "small bank" and "intermediate small bank" under the Act. These asset-size threshold adjustments will take effect on January 1, 2010. The attached final rule will be published soon in the Federal Register.

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    RESPA Revisions to Good Faith Estimate and HUD-1 Settlement

    The U.S. Department of Housing and Urban Development (HUD) has amended Regulation X, which implements the Real Estate Settlement Procedures Act (RESPA). The amendments relate primarily to the Good Faith Estimate (GFE) and HUD-1 Uniform Settlement Statement (HUD-1) and, with some exceptions, require mandatory compliance on January 1, 2010. FDIC examiners will begin examining for compliance with the amended provisions of Regulation X immediately.
    Attached is supplemental information regarding the amendments.

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    65 Million Consumers Will Open Deposit Accounts Online by 2012

    It’s now a foregone conclusion that Americans regularly open accounts online. What may be a revelation is that it’s quickly becoming the preferred method of the masses. Enter FIRSTBranch, an online sales tool supported by comprehensive marketing and electronic lead generation.
    More.

    FIRST ROI is a CBSC Preferred Provider

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    USDA Implements New Crop Disaster Assistance Program

    In compliance with the 2008 Farm Bill, the USDA has implemented the new Supplemental Revenue Assistance Program (SURE) which will provide crop disaster assistance payments to eligible producers that have incurred crop losses due to natural disasters. The USDA urged producers to contact their FSA county office beginning on January 4, 2010, to participate in the program if they suffered crop production losses during the 2008 crop year.
    See Release.

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    CBAI Compliance Institute Scheduled for January 13-14, 2010

    The
    Community Bankers for Compliance Program has identified a need for a basic, introductory class for those compliance officers who are either new to banking or new to their positions. CBAI has created a comprehensive compliance program which is divided into two separate sessions (Session 1: Operations/Deposit Compliance – January 13-14, 2010, and Session 2: Lending Compliance – April 6-8, 2010). Each session is designed to provide a comprehensive understanding of the major regulatory compliance regulations that have been determined to be “must knows” for compliance officers. This institute is conducted by Bill Elliott, senior consultant and manager of compliance, and Bryan K. Bradley, CRCM, senior consultant, both of Young & Associates, Inc. of Kent, OH, a nationally recognized compliance consulting firm specializing in community banks.

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    Banks Offering REWARDChecking® from BancVue® Can Easily Capture Consumers Online with CheckingFinder.com

    CheckingFinder™, a revolutionary search engine that offers the ability to find, compare, and open a free, high-interest checking account in minutes, is only available to banks offering REWARDChecking from BancVue, a CBSC preferred services provider. In their efforts to continually improve the user experience, CheckingFinder recently
    announced a set of new tools that make it even easier for consumers to find the right account for them. The additional features make it effortless for accountholders to switch from the big fee, high-minimum balance mega banks to a community bank where they can start earning the interest they deserve.

    BankVue is a CBSC Preferred Provider

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    CBAI 2010 Operations/Technology Groups Begin in March

    CBAI is pleased to offer the
    2010 Operations/Technology Groups which provide an opportunity for community bank personnel to discuss important issues with non-competing community bankers. Bert Purdy, BKD, LLP, St. Louis, will facilitate the Groups held in Springfield and Mt. Vernon; and Tim Tedrick, Lindgren, Callihan, Van Osdol & Co., Ltd., Sterling, will facilitate the Naperville Group.

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    CBAI 2010 Marketing Groups Begin in February

    CBAI
    Marketing Groups provide opportunities for community-bank marketing professionals to meet quarterly to discuss timely issues with their peers. Participation in the Marketing Groups comes with a long list of benefits. Members form lasting relationships with non-competing marketing professionals, solve pressing problems, obtain access to highly-respected industry experts, improve marketing practices in the bank, and bring back new resources and ideas from every meeting. Topics for discussion may include strategic planning, cross-selling techniques, design and layout secrets, budgeting, incentive programs, target marketing, non-traditional bank competition, surveys, and market research. The Groups are facilitated by Lori Philo Cook, who has more than 20 years’ experience in bank marketing. She was formerly the marketing director for Key Bank of Alaska, Alaska Pacific Bank, and Northrim Bank.

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    CBAI

           

    CBAI's PROFESSIONAL DEVELOPMENT PROGRAMS THROUGH 02/15/2010



    TELEPHONE/WEBCASTS THROUGH 02/15/2010




    OTHER CBAI EVENTS THROUGH 04/17/2010


    CBAI 2010 Capital Conference: Wednesday, February 24, Springfield Hilton Hotel

    28th Annual CBAI Washington Visitation: April 25-27, Renaissance Mayflower Hotel, Washington, D.C.


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