Baker Market Update: Feb. 8, 2016

One thing we learned from this morning’s Jobs Report is that market consensus surveys are no more reliable than political polls.  The 151k gain in Non-Farm Payrolls was well below the expected 190k, but the Unemployment Rate still managed to decline by 0.1% to 4.9%; a level last seen in February 2008. The 30k downward revision to December’s total was just about offset by November’s 28k upward adjustment.

Read more in the Baker Market Update.

Credit Union Comment Letter

The credit union’s federal regulator, NCUA, is once again attempting to expand field of membership rules. IBAT’s comment letter expresses our continued concerns over the unbridled expansion of these tax-exempt de facto banks. The deadline for submission of comment letters is February 8, and we encourage you and others in your bank to weigh in. Please use our letter for reference, or refer to the ICBA website for an email template

TechMecca Last Call

Only six days remain before TechMecca 2016 kicks off in Austin featuring a new format – more than 30 companies offering product demonstrations and company profile presentations over two days. 

In addition to company demos that will replace the standard expo hall hours, TechMecca will continue to offer the best in educational sessions designed specifically for the community bank audience. Topics include:

  • Digital strategy;
  • Cybersecurity;
  • Enterprise risk management; and
  • The ongoing development of business process efficiencies in the bank branch.

Click here to see the full education lineup and register before it’s too late!

Staff contact: Julie Courtney, jcourtney@ibat.org, 512-275-2227

Regional Meetings Round 2

IBAT’s 2016 Tour de Texas Regional Meetings are underway with record crowds of community bankers and industry supporters gathering in 10 locations around the state. 

IBAT Chairman Rogers Pope, Jr. of Texas Bank and Trust in Longview is joined on the tour by IBAT President and CEO Chris Williston, Commissioner Charles Cooper of the Texas Department of Banking, and Lester Murray and Ed Krei of The Baker Group. Topics the esteemed panel are discussing include:

  • Bank performance in light of looming economic changes and a potential recession;
  • Regulatory hot topics and the prospect of regulatory reform legislation in the year ahead;
  • Legislative victories in 2015 and the need for continued member engagement in the legislative process; and
  • Competitive challenges facing Texas community banks from new market players.

If you are registered for one of this week’s meetings, the IBAT team looks forward to seeing you on the road. If not, don’t forget that another round of the Tour de Texas commences the first week of March. Click here to learn more and register for future dates. 

Staff contact: Chris Williston, cwilliston@ibat.org, 512-474-6889

The Rise of Marketplace Lenders

The January/February 2016 digital edition of IBAT’s magazine, The Texas Independent Banker, is now available online. Click here to view the full table of contents or link directly to specific content below:

As always, we welcome suggestions for future content to be featured in The Texas Independent Banker.

Staff contact: Bonnie Kankel, bkankel@ibat.org, 512-474-6889

Apply Today

Are you a Texas community banker who is passionate, concerned, vocal and tolerant of diverse viewpoints? If so, the CFPB Community Bank Advisory Council is currently accepting applications to ensure smaller financial institutions have a voice. This Council is responsible for sharing the unique perspectives of community banks as well as advising the CFPB about regulating consumer financial products and services. Members provide information, analysis and recommendations to assist with CFPB policy development, rulemaking and engagement work. The Council is granted broad access to departments, future projects and leadership of the CFPB. Ideal applicants are:

  • Current employees of community banks;
  • Experts in consumer financial products or services;
  • Representatives of banks that primarily serve underserved communities; and
  • Representatives of communities that have been significantly impacted by higher priced mortgage loans.

This Council needs community bankers who can communicate and make issue-based cases using data and logic as the CFPB is a data-driven agency. The CFPB will fill eight seats that will be vacated in the fall of 2016.

Additional information, including the online application, can be found here. The application deadline is February 28, 2016. FAQs about the Community Bank Advisory Council and other CFPB Advisory Councils/Boards can befound here. We highly encourage you to consider applying for this important position.

Staff contact: Steve Scurlock, sscurlock@ibat.org, 512-275-2226

Sales Training

Great online, on-demand sales training is here! IBAT is pleased to announce its partnership with Associate Member Tim Tivis and the Pinnacle Training Group to bring you an exclusive offer on a very timely topic; a turn-key selling and business development online video training series dedicated exclusively for the independent community bank. Click here to learn more about The Prospect to Customer Selling System.

Take advantage of this opportunity offered solely through IBAT. Please don't hesitate to contact Julie Courtney with any questions.

24th Annual Congressional Visit

Mark your calendar for IBAT’s 24th Annual Congressional Visit, April 26-28, 2016. Washington, D.C. lawmakers and regulators need to hear from Texas community bankers and other industry supporters this year more than ever as we continue to push for meaningful regulatory reform. This is your opportunity to be heard and make an impact with key decision makers by sharing real-life stories about the challenges you face every day due to the current regulatory landscape.

This year’s Congressional Visit will take place immediately following ICBA’s Washington Policy Summit, which will help with the power of numbers when making visits on Capitol Hill. We invite all bank members and associate members to join us for this important event. Registration is now open and the tentative schedule is available online

Staff contact: Steve Scurlock, sscurlock@ibat.org, 512-275-2226

Bank CEO Network

On April 4-5, 2016, The Bank CEO Network will host its 13th Annual Community Bank Directors’ Conference at the Omni Mandalay Hotel at Las Colinas in Irving, Texas. Conference topics, which are tailored to educating outside directors and CEOs of community banks, address the most current and pertinent issues impacting these banks.

Click here to register or here for additional information, including CPE credit and conference fee. 


IBAT Webinars

Did you know? IBAT, in conjunction with Financial Education, Inc., hosts close to 150 webinars a year. Webinars are a very economical way to train your staff for one low price. Everyone can sit in on the program with the use of a speakerphone and a computer, or access archived webinars on-demand.

Topics are broken up by category or by date and include:

  • Auditing & Accounting
  • Collection
  • Compliance
  • Directors
  • Frontline and New Accounts
  • Human Resources
  • IT
  • IRA
  • Lending
  • Operations
  • Security & Fraud
  • Senior Management

You can access a complete listing of upcoming webinars and archived webinars here.

DOD Final Rule

In 2015, the Department of Defense (DOD) issued a final rule amending the implementing regulations of the Military Lending Act (MLA) of 2006. The final rule expands specific protections provided to service members and their families under the MLA, and it addresses a wider range of credit products than the DOD's previous regulation. FDIC-supervised institutions and other creditors must comply with the rule for new covered transactions beginning October 3, 2016. For credit extended in a new credit card account under an open-end consumer credit plan, compliance is required beginning October 3, 2017.

Under the final rule, creditors are granted a safe harbor if they use one or both of two methods to verify borrower status – an MLA database or a credit report. The Defense Manpower Data Center has said that financial institutions must express their interest in direct access to the database no later than February 1, 2016, and that this safe harbor approach may only be made available to larger institutions. IBAT submitted a comment letter asking for community banks to also be given access to the MLA database and an extension to March 1, 2016. It was announced this week that the DOD extended the deadline to February 15, 2016 to express interest. However, we feel a longer delay is warranted and continue our opposition to the possible exclusion of smaller banks from accessing the MLA database. 

Staff contact: Shannon Phillips, sphillips@ibat.org, 512-275-2221

February Consumer Tips

IBAT’s February Consumer Tips article is available online. These tips offer advice about refinancing your home. The article looks at reasons why home owners choose to refinance and includes questions that will help determine if this is the right option. It also contains general information about the refinancing process, including fees and other costs.

Please feel free to share IBAT's February Consumer Tips with your bank customers.

Staff contact: Lindsey Gehrig, lgehrig@ibat.org, 512-275-2215

Baker Market Update

While candidates for public office may have the luxury of skipping certain events they don’t care to attend, our appointed public servants don’t have that option. So, when the FOMC met this past Wednesday, it  was comforting to note that everyone showed up; despite what had to be high levels of cognitive dissonance among some members. One wonders if Janet Yellen is feeling a little snake-bit as evidence mounts that economic conditions have deteriorated at just the moment the FOMC has manifested action not supported by that conclusion.  Bummer.

Read more in the Baker Market Update.

AM Networking

Start the year off strong with a trip to San Antonio for an associate member networking event. Join us on February 4, 2016 for a free opportunity to experience AM “speed dating” with incentives. Why should you attend?

  • Increase your prospect list and enhance relationships;
  • Continue to build your network and learn what other IBAT associate members do;
  • Hear from the San Antonio Region President of the IBAT Leadership Division about how it can help you/your company; and
  • Ask questions of a panel of area community bankers.

The AM networking event will be held at The Plaza Club in San Antonio from 2:30-4:30 p.m. Attendees will have a chance to win a free registration to the IBAT Leadership Division Conference, June 23-25, 2016, at the Moody Gardens Resort in Galveston.

Following the AM event, you’ll have the opportunity to network with more than 100 local bankers. Additionally, the IBAT Regional Meeting in San Antonio will take place soon after the AM event, from 5:30-7 p.m., at The Plaza Club so make plans to stay for that important meeting if you can.

Register today to reserve your spot at the AM event. 

Staff contact: Darlene Revers, drevers@ibat.org, 512-275-2217

Regional Meetings

The 2016 Tour de Texas Regional Meetings begins today, February 1, 2016. We look forward to seeing you in one of the 10 towns we'll visit in the next 5 days.

IBAT Chairman Rogers Pope, Jr., Texas Bank and Trust in Longview, along with Texas Banking Commissioner Charles Cooper and past IBAT leaders and staff, will be coming to you to offer our thoughts on the community banking industry in the year ahead. The agenda will include an economic outlook for 2016, the state of Texas community banking and a legislative and regulatory prognosis, among other important topics and issues of the day.