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IBAT's Bottom Line September 8, 2009
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Hearings Set on Proposed Consumer Protection Agency
We continued to convey our deep concerns about the creation of the proposed Consumer Financial Protection Agency (HR 3126) and our strong support for (HR 2897) to permanently change the FDIC assessment base to assets from deposits. Chairman Frank has already scheduled hearings on HR 3126 and is expected to move legislation very soon. IBAT and ICBA continues to advocate that any new agency should not have jurisdiction over federally insured, regulated financial instituions… rather, the focus of the legislation should be on non-regulated financial entities.
Stay tuned for further developments, and thanks to all who arranged meetings on our behalf with your elected representatives.
Political Potpourri
The Big 12 Governor’s Race
According to our very unofficial and unscientific poll of our readers from last week, it appears that the race between Senator Kay Bailey Hutchison and Governor Rick Perry is shaping up to be a very close primary.
Of course, these are not the only two candidates for governor of our great state. Debra Medina, a nurse and businesswoman from South Texas, has also entered the fray on the Republican side receiving the endorsement of Cong. Ron Paul.
On the Democratic side, Tom Schieffer was the first to toss his hat in the ring. Although he was a partner in the Texas Rangers baseball team with former President George W. Bush, as well as a Bush-appointed ambassador, he has picked up endorsements from some Democratic heavyweights in the Texas House of Representatives.
An independent candidate for Governor during the last election, Hill Country novelist Kinky Friedman has decided to make the race again, this time as a Democrat. Even if he doesn’t win, he’s getting publicity for his new book “Heroes of a Texas Childhood”.
There are a couple of other Democratic candidates who would like to move into the Governor’s Mansion, among them Hank Gilbert, a rancher who lost to Todd Staples in the 2006 race for Texas Agriculture Commissioner. Another “let’s try one more time” candidate is Mark Thompson, who made an unsuccessful bid for the Texas Railroad commission in 2008.
So, settle in folks. It’s going to be bumpy ride to the March Primary.
Convention Hotel Reservations
Don't Miss Out!We’ve filled our room block at La Cantera, but they will let us pick up additional rooms through tomorrow, Wednesday, September 9 at 5:00 pm. Click here to register.
IBAT PAC Steak Out Tickets
Want to host a fun evening with 100 of your closest friends? Then be sure to purchase your IBAT PAC Steak Out tickets. For only $250, the IBAT Team will bring steaks and all of the fixins' to you. Better yet, they will do all of the cooking and the clean up! How easy is that. Click here for more information! Click here for a larger version of the cartoon. Go Direct Community Ambassadors Program
Registration for the second-annual Go Direct Community Ambassadors Program is now open! This new and improved recognition program, which runs from October 2009 through May 2010, was designed by the U.S. Department of the Treasury’s Go Direct campaign to identify and officially recognize community- and medium-sized financial institution partners that go the extra mile in promoting direct deposit to senior citizens, people with disabilities, veterans and others who receive federal benefits. All financial institutions with fewer than 100 branches are invited to register online by visiting the Community Ambassadors page of www.GoDirect.org. The deadline for registration is September 30, 2009.Make Texas Safer
IBAT is partnering with McGruff the Crime Dog on the McGruff Safe Kids “Economic Stimulus Package” The package includes:FREE Imprinting of your bank logo
FREE Freight
FREE Press Release. You fill in the specifics for your event and create awareness for your business and the McGruff Safe Kids Event!
FREE Poster. You customize it for your event and print as many as you like!
For more information, click here.
Legal Ease Question of the Week
Question: I hear that with the changes to Reg. Z, the magic number of years for a balloon note is 7. Can we still make 3 year and 5 year balloon notes?
To find out the answer, click here.
On the Education Front
How To Create & Maintain a Sales Culture in a Community Bank
October 27-28, 2009
Dallas, TX
Are you attempting to make management decisions regarding the initial setup of a sales environment or improving an existing one, then this seminar is a MUST.
One of the most frequent comments we receive from attendees of this class is “I wish my CEO was here.” So often, as the CEO, we ask someone to attend a seminar and then return to the bank and sum up the seminar to us. Often that is exactly what we should do. However, with this seminar, we strongly suggest that you attend yourself with at least one or more people.
As the CEO, when it comes to sales, your motives, your perspective, and your goals are very different than that of your employees. You need to directly receive this information and be able to evaluate it from your unique perspective as the manager of your bank.
If you are serious about creating a successful sales culture, or repairing a broken one, we strongly suggest that you attend. In addition, bring others with you so that after the seminar you can discuss with them how to uniquely apply what you have learned to your own bank.
Solutions from Services
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 | AccuSource Offers Additional 10% Discount on 2009 Holiday Currency Envelopes It's not too late to order your 2009 Holiday Currency Envelopes! AccuSource Solutions wants to extend an offer to all IBAT Members for an additional 10% discount* on all posted prices of currently, in stock Holiday Currency Envelopes. Use the Promotional Code: "IBAT" when placing your orders online or over the phone. Click HERE for AccuSource's selection of Holiday Currency Envelopes. If you have any questions, call Mark Wood at 800.869.0992. *Additional discount only applies for new orders. |
Welcome New Members
Associate Member
- Cost Segregation Services, Inc., Lubbock, TX
- Econ-O-Check Corporation, Lewisville, TX
See What New PAC Auction Items Have Arrived!
 | Rough Rider Baseball Tickets 2010 Donated by: Todd Price and Jim Lindsey, First State Bank, Mesquite Four tickets behind home plate, two parking passes and all the food, beer and wine you can handle! Good for 2010 season. |
 | Youth Golf Set Donated by: Mae Beth Palone, IBAT, Austin Powerhouse youth golf set for the future champ expands as a child gets taller and his/her skills become more developed. Set of 3 clubs has Adjust-A-Hit Technology that telescopes the putter (20" to 30"), the iron (25" to 35") and the wood (25" to 35"); twists and locks each into place to ensure a proper fit. Ergonomically-correct handles on the steel shafts teach hand positioning. Comes with nylon golf bag, tees and 2 practice balls. Ages 5 and up. |
| See more items at PAC Auction blog on our website. Click here to "hear" more. 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. |
2009 Making a Difference Award
IBAT congratulates our 2009 Making a Difference and Rising Star award honorees. Today, we feature Christi Cornel from TrustTexas Bank SSB in Cuero. Click here for more information.America's Bank Board Symposium
IBAT Members Receive a special discount of $300 when registering for America's Bank Board Symposium, just enter the promo code: IBAT300.
Banks and bank boards are experiencing unprecedented scrutiny to rebuild capital and restore shareholder value. The past eighteen months have seen the most dramatic change in banking since the great depression. It is clearly time for bank boards to step up and help guide their financial institutions back to profitability.
Bank Director magazine and American Banker are joining forces to provide a roadmap for directors of financial institutions by presenting America's Bank Board Symposium, a unique event that will provide bank directors with the knowledge they need to develop, implement, and monitor sound strategies for their institutions, and provide them the tools they need to fulfill their fiduciary duties to their bank shareholders.
Federal Legislative Update
Congress is on August recess. The future of your community banking franchise is hanging in the balance.Your IBAT Executive Committee has just returned from Washington D.C. as Congress is contemplating some dramatic sweeping reforms for thefinancial services industry.
IBAT CEO Chris Williston conducted a webinar on Monday, August 17, 2009, to update all Texas bankers on the Good, the Bad, and the Ugly of the upcoming congressional session. There are several links below to listen to and view the webinar.
Click here for the 2009 Federal Legislative Update.
Click here for the 2009 Federal Legislative Issues.
AustinMoneyShow.com
| 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. Click here to learn more. The Austin Money Show has 33 workshops slated to occur dealing with everything from individual and small business tax solutions, taking advantage of the $8000 first time home buyer credit, 401K advice in this economy, saving on your home/small business monthly bills -- from utilities, rent, auto, insurance, meals, fashion and more , learning how to use auctions to move real estate, condos, antiques, business equipment and more, helping teens through the process of opening their first checking account, earning a first paycheck, budgeting, buying a first car, etc; understanding and learning practical ways to improve credit scores, and looking at fresh ways, in this new economy to save, budget, manage, invest and protect your money. |
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?
Baker Market Update
The Labor Department reported that US non-farm payrolls fell 216,000 in the month of August, marking the twentieth consecutive month of decline. Economists were expecting a decline of 230,000. In total, the U.S. economy has lost 6.9 million jobs since the recession began. 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.
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
How To Create and Maintain a Sales Culture in a Community Bank
October 27-28 - Adolphus Hotel, Dallas
Responding to the Credit Crunch and Thriving in the Recovery
November 4 - Hunton & Williams Office, Dallas
TechMecca 2010
January 25-26 2010 - Austin