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All words and phrases in blue in this newsletter are links to more information!
| LEGAL EASE QUESTION OF THE WEEK |
If we stop payment on a cashier's check, what are the consequences? We have a customer who really wants us to do this! To find out the answer, click on the flashing question mark. You can also check out our growing database of other Q&As!
Here is this week's newsletter from The Baker Group. 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.
 Congratulations to Cindy Larance of First State Bank in Stratford on being selected as the 2005 Making A Difference Award recipient. Cindy will receive her award during the IBAT Education Foundation Gala on September 25 at the Gaylord Texan Resort in Grapevine. Thanks to all of you who submitted entries and start thinking about your nominees for the 2006 award!
| DIAMONDS ARE A GIRL'S BEST FRIEND... |
 and you'll have an opportunity to be the proud owner of a brilliant cut diamond weighing 1.06 carats and retailing for $8,000 while helping the IBAT PAC. Stay tuned for more details and get ready to sparkle!
 Take a sneak peek at the IBAT Auction items beginning next week when we post an Auction List on the webpage. It's still not too late to turn in your items so you can be a part of the Auction. To download an Auction Form, click here. If you have any questions, call Mae Beth at 512.474.6889 or e-mail mbpalone@ibat.org. Calling all commercial lenders, loan review managers and credit administration professionals!
The Credit Risk Management Network (“CRMN”) was designed to help you and your peers throughout the nation successfully identify, manage and mitigate credit risk by providing an ideal outlet for sharing best practice ideas and critical credit risk management concepts in an intimate, interactive peer-to-peer setting.
The next networking session is scheduled for October 2-4 in Cambridge, MA. Don’t miss this opportunity to hear some of the most well-respected, knowledgeable professionals in our industry. They will share their insights on some of the most important, relevant issues facing credit risk management professionals across the country.
Have you checked out the Learning Calendar lately? Several Fall programs have been added in the last week including:
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BOOKS TO  OUT |
Are you shopping for an Internet banking product or renewing an existing contract? We asked Jack McDonald, Texas’ Account Executive for FundsXpress, to give us a few questions for you to ask the provider – just to make sure that you make the right choice for your bank. The first is a Real Biggie…
- Can we interface with 3rd parties of our choice?
- Is the solution “homegrown” by the vendor or did it come by way of an acquisition?
- How many different platforms do you support?
- Is there a migration path to the latest/greatest, supported platform?
- What, if any, are the costs associated with migrating to the latest/greatest platform?
- What does “maintenance” entail?
- Do the fees associated with this cost cover all future upgrades?
- Term length? Will the vendor be flexible?
- Out clauses… Are they available? What do they entail? Associated penalties?
Jack McDonald has been a sales executive and manager for several companies that provide technology solutions on the phone and Internet since 1992. Jack joined FundsXpress in April of 2005 and was with S1 through 2004. Contact: Jack.McDonald@fxfn.com or 512 493-2903.
Jack believes in the community bank philosophy and understands the strengths and challenges of independent banks. Via FundsXpress banking solutions, Jack helps position IBAT members competitively in today’s financial markets. IBAT especially appreciates his combined experience of using technology in Education since 1980 and in Banking today to advance productivity for IBAT members.
We believe that Internet banking provides a special niche for community bankers’ business and retail customers that will help them to endure and be profitable. As IBAT’s endorsed provider since 1996, we trust FundsXpress to provide our members innovative products that help retain their most profitable customers.
Our hotel room block has been extended to Wednesday, August 24...You can check out all convention information on our Web site. Click here to see a list of attendees.
 Here are a few upcoming IBAT events you might not want to miss. For a complete listing, click here.
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IRS Compliance |
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Credit Risk Management Network Program |
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Bank Operations Institute | |
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