IBAT's Bottom Line June 29, 2009
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IBAT Urges Grassroots Outreach on Deposit Insuarnce Bill
IBAT is encouraging our community bankers to ask their members of Congress to cosponsor legislation to broaden the assessment base for FDIC deposit insurance premiums and create a separate system-risk premium for too-big to fail banks.
The Bank Accountability and Risk Assessment Act of 2009 (H.R. 2897), spnosored by Luis Gutierrez, Chairman of the House Financial Services Subcommittee on Financial Institutions, would require the deposit insurance assessment base to include total assets (minus tangible equity), rather than domestic deposits.
On the Education Front
Join us at the IBAT/TBA Financial Literacy Summit on July 21-22 at the Federal Reserve Bank Dallas.
You won’t want to miss our opening general session speaker:
How to Connect with others regardless of Age, Wage or Life Stage
Kelly McDonald
It’s getting harder and harder to connect with others because there are so many barriers to connection. Technology is our friend, but also our enemy as we have more and more ways to filter out the information and communication we don’t want. So in order to connect with someone, you must learn to tap into relevant belief, values or habits. And that can be hard to do when someone is different from you.
This presentation will focus on key diverse market segments, emerging market segments, and how major companies are learning to penetrate these groups, either internally or as customer base expansion, to form deep and lasting connections.
Attendees will learn why diversity is a real opportunity – and how you can grow your relationships by better understanding your neighbors, co-workers, your customers and the community in which you live and work, today and tomorrow.
Legal Ease Question of the Week
Question: Transaction Account Guarantee Program extended unlimited FDIC coverage
on demand deposits thru 12/31/2009. Was the TAGP date extended when
FDIC extended the $250,000 coverage thru 12/31/2013? We are completing
the state depository application and it asks whether coverage on demand
deposits is limited to $250,000 or unlimited; since the application is
for a period thru 2011, my thinking is it is unlimited until 12/31/2009
and limited to 250,000 after that date unless the TAGP date was
effected by the FDIC extension.
To find out the answer, click here.
Solutions from Services
| IBAT Board endorses *CDARS, flagship service of the Promontory Interfinancial Network, LLC *Certificates of Deposit Account Registry Service |
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.
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 Dupont or Kerry Hall with your questions at 1-800-749-4228.
2009 PAC Auction
It’s time to start thinking about what cool awesome item(s) you would like to donate to the IBAT PAC Auction. 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.We’ve also created a PAC Auction blog on our website that will be updated weekly that will feature new items for this year’s auction as well as ideas from previous auctions. Check it out here.
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.
Did your bank use IBAT's Emergency Hotline in 2008? It's CHANGED!
If your bank used IBAT's Emergency Hotline in 2008, the program has CHANGED. It's still free but your bank must now REGISTER to use it. Why? Because it's personalized for your use!Forward this information to the person in charge of your Disaster Recovery Plan….
IBAT has an UPDATED, free hotline/voice mail box and web access for each of its members as a backup communication method for their Disaster Recovery or Business Continuity Plans. Simply assign two contact people (a primary and a secondary) and send them this link to print and read: http://www.ibat.org/pdfs/2009/04/07/ibat-emergency-hotline-instructions. Pre-enrollment is required but it's easy!
Legislative Fund
Contributions to the 2009 IBAT Legislative Fund continue to come in to our office. Thanks to all of you who have already contributed and if you haven’t had the chance to send in your contribution, there is still time. Questions? Call Mae Beth at 800.749.4228 or e-mail her at mbpalone@ibat.org. For a complete list of current contributors, click here. 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?
Enter the 2009 BOCB Awards
Make plans to enter IBAT’s 2009 Best of Community Banking Awards
competition. While Wall Street financial institutions have gambled
with our nation’s economic stability, community banks have continued
their safety and soundness practices to keep their local economies and
communities strong and thriving.Now is the time to highlight the contributions of your community bank to your colleagues, while giving your customers, shareholders and employees one more reason to be proud.
Entries must be received at the IBAT Office by 5:00 PM on June 30. The Best of Community Banking Awards Luncheon will take place on Tuesday, October 13, 2009 at the Westin La Cantera Resort in San Antonio during the 35th IBAT Annual Convention. All qualified entries will be on display during the convention.
Special thanks to our sponsors for this year's competition:
CSI, Computer Services Inc.
BKD, LLP, CPAs and Advisers
The Genesis Group
Rogers-Ford, LC, Architects and Interior Design
Fiserve
Integrated Bank Technology, Inc.
Baker Market Update
Businesses are cutting back on fixed investment and staffing but appear to be making progress in bringing inventory stocks into better alignment with sales. 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.
July 8 (webinar) 8:00am - 9:30am CDT
Financial Literacy Summit
July 21-22 - Dallas
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
TechMecca 2010
January 25-26 2010 - Austin