2014 PAC Auction

Over the last several weeks, we’ve highlighted a number of ways that you can support the IBAT Political Action Committee (PAC) during IBAT’s 40th Annual Convention in Fort Worth next month. But, no event is more anticipated than IBAT’s annual live and silent auction.

Get a leg up on the competition by scoping out a number of the items, now available for viewing online, before you arrive in Fort Worth.

Also, don’t forget that, even if you can’t be with us in Fort Worth, you can still have a shot at winning $5,000 cash in our Dream Vacation contest. Click here to buy your tickets.

TAG Conference

We're very excited that The Advisory Group (TAG) is bringing their annual conference to San Antonio September 14-17, 2014!

There is much excitement surrounding this year’s conference, especially the speakers who have signed up to run the education sessions. Many of the presenters will lead discussions around branch transformation, managing operational complexity and successful technology deployment and implementation. One of IBAT’s own members, Gene Erwin, SVP Retail Banking from Guaranty Bank & Trust, will host a branch transformation session, A New Approach to Customer Service.

The conference is a great opportunity to preview the latest industry technologies, get up to speed on industry trends and network with your peers and Diebold team members.

Learn more about the conference and register today!

Director Education

The Certified Community Bank Director Program (CCBD) will be held October 30-November 1, 2014 at the Cox School of Business on the campus of Southern Methodist University. The CCBD designation is a collaboration of and is administered by IBAT and the Southwestern Graduate School of Banking (SWGSB) Foundation. A comprehensive curriculum has been created to address all areas of bank directorship – from duties and responsibilities to the foundations of bank finance.

IBAT also offers a bank director series of webinars for live viewing, digital download or CD-Rom receipt. Upcoming programs include:

Hotel Deadline

The hotel reservation deadline for IBAT's 40th Annual Convention has been extended through Monday, August 25, 2014. All hotel reservations must be made through IBAT, by either registering online, or filling out the paper registration form. The hotel is not accepting reservations for the IBAT Convention directly.

Rooms cannot be guaranteed after the August 25 deadline. If you have any questions, please do not hesitate to contact our registrar, Leslee Walker, by calling 512-474-6889 / 800-749-4228 or emailing her at lwalker@ibat.org. She will be happy to assist you.

Clay Shoot Events

IBAT Leadership Division Regions 10 and 2 are hosting sporting clay events on August 27 and August 28, respectively. These events are organized to help community bankers network at the local level and to help raise funds for IBAT's Legislative Fund in order to continue the fight in Washington.  

Both events are open to bank employees, directors and sponsors. If you are not interested in attending the clay shooting part of the events, you are welcome to attend the networking and dinner portions of the day.

We hope you can join us in Region 10, Region 2, or both!

The New FICO Score 9

Earlier this month FICO announced that the new FICO® Score 9 introduces a more nuanced way to assess consumer collection information, bypassing paid collection agency accounts and offering a sophisticated treatment differentiating medical from non-medical collection agency accounts. The intent is to ensure that medical collections have a lower impact on the score, commensurate with the credit risk they represent. FICO’s press release says that these enhancements help lenders because they result in greater precision.

"Unfortunately, the release of a new FICO scoring model does not automatically result in a change of credit scores for the consumer when they go for a loan. The lender must also use the new FICO model,” said Eddie Johansson, President of Credit Security Group and instructor in IBAT’s Teach the Teacher Program™ and Teach the Lender Program™.

"The only scoring model that matters to the borrower is the one their lender is using. And most lenders are not using the latest FICO model now. In the mortgage loan industry, the major factor is the model Fannie Mae and Freddie Mac use. Both currently use models that are ten years old or older - several generations behind FICO's most recent release,” Johansson added.

New Leadership at TDSML

New leadership was ushered in last week at the Texas Department of Savings and Mortgage Lending (TDSML). Nearly 150 savings executives and industry practitioners gathered in Austin to celebrate the tenure and service of retiring TDSML Commissioner Doug Foster and to welcome new Commissioner Caroline Jones.

The Independent Bankers Association of Texas (IBAT), Texas Bankers Association (TBA) and the Texas Mortgage Bankers Association (TMBA) jointly sponsored a reception in their honor at the Austin Club. Foster was presented with a quilt embroidered with all the names of the state savings banks as well as a resolution commending him for his public service. “IBAT has enjoyed working with Commissioner Foster and we congratulate Ms. Jones on her appointment,” said IBAT President and CEO Chris Williston. “Commissioner Jones will be an asset to the regulatory system in Texas,” he added.

Jones will make her first formal appearance and introduction to the IBAT membership at IBAT’s 40th Annual Convention in Fort Worth in late September, as part of the State Bankers Regulatory Roundtable.

Save the Date: Winter Summit XV

We’re a “go” for IBAT Winter Summit XV! The top regulators are in... the attorney panel is back... and we hope to see you in South Lake Tahoe February 8-10, 2015. A unique education value in a relaxed setting at a terrific venue.

Watch for more information and registration information on this popular program. 

Baker Market Update: Aug. 18, 2014

Slack in the labor market? Well it didn’t take long to fill that little civil service posting in Iraq. In fact, that Prime Minister position got filled before it was even vacant. Job seekers, however, need not despair just because that plum job is no longer available. We learned this week that job openings in the U.S. as measured by the BLS have risen to their highest level since 2001. The Job Openings and Labor Turnover (JOLTs) report revealed this week that the number of job openings rise to 4,671k in June, up from 4,577k in May. Job openings tend to increase when economic performance is stout and expectations are high. Okay.

Read more in the Baker Market Update.

IT Security Summit

The 2014 IT Security Summit is coming up on August 21 in Dallas. IBAT’s IT Security Summit is designed for CEOs, COOs, security officers and anyone responsible for risk management of a community bank’s information technology department.  Speakers will cover the hot topics facing community banks’ IT departments from a banker viewpoint and the regulatory issues of the IT exam.

Summit topics include:

  • Cybercriminals Targeting Community Banks - Who, How And Why;
  • Are Your Business Continuity and Disaster Recovery Programs Behind the Times?; and

Addressing Security Challenges with M&A Activity and Your Supply Chain.

The Texas Independent Banker

IBAT is pleased to announce a development in the life of our landmark publication, The Texas Independent Banker magazine.

Earlier this year, IBAT engaged Naylor, LLC, to publish the magazine beginning with the January/February issue next year. Naylor will assist us in re-envisioning a print publication for the twenty-first century Texas community banking industry, while maintaining the right balance between informative resource articles and reporting on the activities of IBAT and its members. Naylor will also take responsibility for the sale of advertising in the publication.

We believe you’ll find the publication consistent with IBAT’s full slate of member communications and we look forward to sharing our work with you in early 2015. Stay tuned for more in the weeks ahead.

2014 Bank Lending Institute

The Bank Lending Institute (BLI)™ leads the field in preparing community bankers for banking in the 21st Century.  Guided by the industry’s top regulators and banking professionals, BLI gives community bank lenders the tools necessary to serve their customers while effectively  managing their institution’s risk and enhancing its profitability.  Here the emphasis is on practical, real-world issues and solutions.  During the first year, BLI takes students through the “nuts and bolts” of lending offering techniques to better understand the borrower and his needs. The second year builds on that knowledge base by covering specific types of lending. It helps elevate lenders to a new level of strategic thinking and presentation.

Click here to learn more or register here

40th Annual Convention

IBAT's 40th Annual Convention will be underway next month. If you haven't already registered, now is the best time to do so - the early bird deadline is coming up this Friday, August 15th

This year in Fort Worth, September 27-30, you can expect great educational sessions, fabulous keynote speakers and a variety of opportunities to contribute to the IBAT PAC, all while celebrating IBAT's 40 years of existence.

Register online here. To learn more, download the Convention brochure.

Action Alert

In a call to action message last week, IBAT President and CEO Chris Williston urged all community bank employees, directors and shareholders to sign an ICBA-initiated petition calling for a simplification of the quarterly call report.

“Federal regulators are under the false assumption that the banks’ core processing systems automatically prepare the call report,” Williston said. “They are astounded when they learn that it is taking community bank personnel hundreds of hours to complete the work each year.”

Williston noted that the standard call report for credit unions is only 25 pages long, while the bank call report has swelled to 80 pages, requiring a 600 page set of instructions to complete.

“This is one initiative that we can make a difference in reducing the overwhelming paperwork burden in your bank without having to rely on a dysfunctional Congress,” Williston added.

Bank Operations Institute

If you want to be a part of the strategic planning team in your bank, you'll need to be up-to-date on the latest changes affecting the community banking industry. New CFPB mortgage rules, increased scrutiny of fair lending and IT security are just three of the most pressing issues operations officers must be prepared to help their financial institutions address in the days ahead.

Come to the 34th year of the IBAT Bank Operations Institute Sunday, October 12th - Friday, October 17th on the campus of SMU in Dallas.  We encourage you to select someone from your bank to attend this critical operations school.  

What is BOI? Bank Operations - Pure and Simple  
Participants achieve a comprehensive understanding of community bank operations and how it contributes to the overall success and profitability of the bank.  The program is designed by our advisory board, made up of regulators and bankers, and is based on the most current regulations and exam practices.  Because the advisory board provides relevant issues, the curriculum is dynamic. Presentation styles include lecture, case studies, simulations and interactive class exercises.

What's the benefit? Operational Efficiencies and Compliance  
Your bank benefits from greater operational efficiencies, enhanced regulatory compliance and a greater awareness of income opportunities driven from the operational side of the bank.