IBAT's Bottom Line July 27, 2009
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IBAT Executive Committee Traveling to Washington DC
This week your IBAT Executive committee and staff will be in Washington DC to visit with the Texas Congressional delegation on key aspects of the Obama administration's regulatory reform proposal. Two issues will be front and center in our discussions…our disdain for another potential bank regulator in the form of the Consumer Financial Protection Agency and our desire to permanently change the FDIC regular assessment base to an asset based assessment in lieu of domestic deposits.
There has been much progress made by the industry on these two fronts. But much work is still needed. Your Congressional representatives will be home for the month long August recess beginning next week. This will afford you the opportunity to vist with them first hand that community banks should be exempted from any new regulatory scheme designed to create additional regulatory burden which will translate in increased confusion and costs to bank customers.
You can bet the consumer advocate groups will be very active in making their feelings known during the recess. We must be equally if not more active.
Key talking points, developed by the ICBA may be found here on both issues:
http://www.icba.org/files/ICBASites/PDFs/ICBAPositionsonObamaPlan062909.pdf
http://www.icba.org/files/ICBASites/PDFs/HR2897TalkingPoints.pdf
As always, let us know how we can assist you in your efforts.
And don't forget, IBAT helps you stay up to date on these current industry issues through our special subscription program with American Banker. Click here to learn more.
On the Education Front
IBAT Lending Compliance Summit
August 21, 2009
The Westin Galleria; Dallas, TX
Also coming soon:
2009 Compliance Update Seminar
8/11-San Antonio
8/12 – Irving
8/13 – Houston
2009 Anti-Money Laundering and BSA Compliance School
9/9 – Houston
How to Ensure Compliance with Deposit Regulations
9/22 – Lubbock
9/23 – San Antonio
9/24 – Temple
9/25 – Irving
Featured PAC Auction Item
Margaritaville Frozen Concoction MakerDonated by: Lawson Allen, Fort Davis State Bank
The Margaritaville Frozen Concoction Maker is unlike conventional blenders. This machine actually shaves ice and blends it carefully with your fresh juices, fruits and other ingredients to produce restaurant style frozen drinks. Pre-programmed auto-timing, heavy-duty glass pitcher, party guide, measuring shot glass and salt rimmer.
See more items at PAC Auction blog on our website. Check it out here.
This year’s Silent and Live Auctions will take place on Monday, October 12, during the 35th Annual IBAT convention at the Westin La Cantera Resort in San Antonio. Click here to download the Auction Pledge Form.
Solutions from Services
| Do you have outdated C25 drive-thru equipment at your facility that is unreliable? Now is the time for an upgrade! Diebold has a C25 drive-thru replacement plan that is budget friendly. For a limited time, replace your C25 drive-thru with a new Diebold VAT 30. Realize an increase in uptime, improved reliability, lower service contract fees and increased customer satisfaction. Discounts are available on equipment and service contracts. Offer valid on all orders placed before September 30, 2009. Contact Gary Guerrero at gary.guerrero@diebold.com or 210-242-6123 for more information. |
Legal Ease Question of the Week
Question: Can advisory directors make motions at board meetings?
To find out the answer, click here.
IBAT Financial Services
As a public service, IBAT FS shares this information, as provided by the National Flood Insurance Program and FEMA. Not only is it important to review the need for flood insurance for your bank locations, it's also important to consider flood coverage for your homes. This fact sheet provides several very important considerations to protect yourself as well as your assets.
American Banker Magazine & IBAT
American Banker Now Online At www.ibat.orgIBAT and American Banker have announced the launch of their members-only exclusive subscription program. The American Banker is the leading daily national publication committed specifically to the banking industry. Every IBAT member organization now receives a limited number of free subscriptions to American Banker Online thru the website, www.ibat.org.
In addition, every employee in IBAT member organizations can order their own subscription at exclusive IBAT only subscription rates, just $99 a year. This is a substantial savings off of the regular $995 annual subscription rate available only to IBAT members thru this special membership offer. You can sign up for this $99 Special Subscription Rate by logging in to your myIBAT account and clicking on the $99 Special link at the bottom of your myIBAT homepage in the American Banker news section.
In addition, for those that prefer to read their American Banker the old-fashioned way there is a substantially reduced $295 special rate for their daily PDF / print edition. This is a printable PDF copy of the daily American Banker magazine delivered every weekday morning before 5am directly to your email inbox. This daily delivered edition can be ordered now by calling American Banker at 1-800-221-1809 and telling them you are a member of The Independent Bankers Association of Texas and would like the $295 discounted PDf subscription.
On the IBAT website in the American Banker section of your myIBAT page there is a RSS news section with the most current news stories pulled directly from American Banker Texas page. As a free or paid subscriber all you have to do is click on one of the story headlines and it takes you right to the American Banker website without logging in again. You must log into the IBAT website first, but once you do that, and go thru the links on the myIBAT page, then you have full American Banker member access to all of their website features.
We hope you are as excited as we are with this membership enhancement. If you have any questions please contact either Jennifer Kinzler or Kerry Hall with your questions at 1-800-749-4228.
Subchapter S Bank Association
Leadership Division Regional Events for August
August 20
Houston area Sporting Clays Tournament at the West Side Sporting Grounds in Katy. Tournament begins at 2:00 PM.
August 26
The Annual Amarillo Leadership Golf Tournament begins at 8:00 AM at the Ross Rogers Golf Complex.
August 27
The San Angelo Sporting Clays Tournament will be at the San Angelo Claybirds Association Range beginning at 2:30 PM. For complete details and a registration form, click here.
IBAT PAC Dream Vacation
Tired of the Hot Texas Sun…Then close your eyes and visualize your Dream Vacation in a cooler climate where you might actually need a sweater! That’s where you could be headed if you’re the winner in the IBAT PAC Dream Vacation drawing during the Annual IBAT Convention in October at the Westin La Cantera Resort in San Antonio?
IBAT will contribute $5,000 toward your Dream Vacation or you can take the cold hard cash!
We’d like to thank our sponsors who make this event possible:
• Bank of the West, Grapevine
• First State Bank, Mesquite
• TIB-The Independent BankersBank, Dallas
• ValueBank Texas, Corpus Christi
• Anonymous IBAT Friend.
Dream Vacation tickets are $10 each and this is a great opportunity to involve all of your staff in contributing to the IBAT PAC. Click here for a ticket order form.
Due to state ethics laws, the IBAT PAC can accept only personal checks or personal credit cards (MasterCard/Visa/Discover).
The IBAT Steak Out Needs YOU!
Last year, we created the IBAT Steak Out in lieu of the traditional IBAT Chuck Wagon dinner auctioned to raise funds for the IBAT PAC. When Hurricane Ike slammed the Texas coast immediately prior to our Annual Convention, a decision was made to divert the funds raised from this effort to members of our IBAT family who had been devastated by the hurricane.Once again this year, 100 of our bankers will have the opportunity to purchase a $250 ticket and then go in a drawing for the IBAT Steak Out, with all funds benefiting the IBAT PAC! Same great food for 100 of your special guests prepared by your IBAT Staff at a location of your choice. What a great opportunity for only $250! Click here for all of the details. What a treat for your staff, directors and customers and you get to be the HERO!
So, you can’t attend convention? No worries. Just click here to purchase your ticket and we’ll e-mail you your ticket number and notify you if you’re the winner. The winning ticket will be drawn immediately following the PAC Live Auction on Monday, October 12.
Because all funds benefit the PAC, we can accept only personal checks or credit cards. Don’t be left out of the fun…buy your ticket or tickets today!
AustinMoneyShow.com
The Austin Money $how is one of IBAT's new initiatives to tell the positive, proactive story of community bankers.On September 25-26, the IBAT Education Foundation is hosting a new kind of fundraiser to support its mission. The Austin Money $how is a pilot program for consumers in Central Texas who are active, educated, homeowners, have one or more children and interested in better ways to manage their finances. This audience is asking many more questions since the economy turned upside down. This audience wants to know more about their investments in 401(k) plans, IRA's, how to better work with their local banker to maximize their money. IBAT is taking the story to the consumer with 33 workshops and 80 booths. Click here to learn more: www.austinmoneyshow.com
If you have any interest in using this new platform to reach this target audience (as an exibitor, sponsor, education session leader, or attendee) a quick email to Mary Lange or Julie Courtney. mlange@ibat.org or jcourtney@ibat.org.
Meet the IBAT Staff
As IBAT celebrates our 35th Anniversary this year, we wanted to introduce you to our staff.
Many of the staff you know already and some that you may not be as
familiar with. IBAT really is a family. We laugh together…we cry
together…we get on each other’s nerves. But at the end of the day, we
can always count on each other.The IBAT family has 226 years of combined experience with the association. We recently asked the staff to complete a fun questionnaire to give you a chance to get to know them better. From now until the Annual IBAT Convention, we’ll be featuring them on the IBAT website. Enjoy and welcome to our home.
Can you identify this staff member?
TechMecca Seeks Your Input
Plans are currently underway for TechMecca 2010 and IBAT is looking for eager participants to make their voices heard by providing valuable experience and expectation information. A quick survey has been composed to let IBAT know how to best meet participants’ technology and related marketing needs for this conference. The results will be compiled and used to evaluate what types of educational sessions you would most like to see.
The survey takes only a few minutes, and may be found here. Questions pertaining to speakers and possible sessions you would like to see are asked with the chance to provide your own ideas for submission.
Do you have a “Rock Star” on your staff when it comes to areas related to dealing with the how to’s or challenges of technology? Do they like to speak and are they willing to provide information while learning from others? If so, this is precisely the type of response we need to hear.
TechMecca 2010 will take place Jan. 25-26, 2010, at the Renaissance Austin Hotel at the Arboretum. Information and registration options will be added to the IBAT website and the TechMecca website as the conference draws closer. Please do not hesitate to email Julie Courtney if you have any questions or concerns.
Baker Market Update
Last Tuesday, Fed Chairman Ben Bernanke gave his semiannual address to Congress regarding the Fed’s monetary policy. Bernanke clearly communicated to both Congress and the financial markets (through an Op-Ed piece in the Wall Street Journal) that deflation is still the main focus, but that the Fed is well prepared to unwind the extremely accommodative polices when appropriate. As such, both the stock market and Treasury market rallied on Tuesday following the Fed Chairman’s comments. Read more in the Baker Market Update.
Although this information has been obtained from sources, which we believe to be reliable, we do not guarantee its accuracy. This is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security.
Coming Soon
For a complete listing of upcoming events, CLICK HERE. Meanwhile, please mark your calendar for some of our key upcoming events.
IBAT Lending Compliance Summit
August 21 - Dallas
Asset Liability Management Summit
September 9-10 - San Antonio
Austin Money Show
September 25-26 - Austin
IBAT 35th Annual Convention
October 10-13 - Westin La Cantera Resort, San Antonio
Bank Operations Institute
October 18-23 - SW Graduate School of Banking, Dallas
TechMecca 2010
January 25-26 2010 - Austin