| ON THE HILL |
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Internet Gambling
H.R. 4777 attempts to address a growing problem with internet gambling (notice the bill number?), but unfortunately appears to put banks in yet another law enforcement mode - and dramatically increases regulatory burden. Working in tandem with ICBA, we sent this letter to our Texas members of the House Judiciary Committee (Gohmert, Jackson Lee and Smith) this week. If appropriate changes are not made in the bill language, we will be asking that you contact your Congressman to protest loudly as it moves through the process. Please stay tuned.
Tax Bill Update
After a very hectic and stressful week, it appears - at least at this writing - that there will indeed be a substantially different tax scheme in Texas in the coming years. While there is some movement to provide a vehicle for amendments to the structure of HB 3, it appears highly unlikely at this time that such will occur. It will be some time before the experts are able to sort all of this out. In the meantime, we have made available additional information and a worksheet on this new tax structure. This will obviously be a "hot topic" over the coming months, and we will attempt to keep you apprised. |
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| LEGAL EASE QUESTION OF THE WEEK |
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A number of our customers incurred hail and windstorm damage to their homes during our last storm. The bank is a "loss payee." Any special requirements relating to claim checks?
To find out the answer, click on the flashing question mark. And you can also check out our searchable database of other frequently asked questions. |
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| 100 YEAR ANNIVERSARY |
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IBAT would like to congratulate the Nixon State Bank on the occasion of its 100th Anniversary commemorating its past and the beginning of another century of service to the community. The IBAT Board of Directors and staff congratulates Chairman and CEO Ashley Turberville, along with the directors, officers and employees on this important milestone for the citizens of Nixon and Gonzales County and the community banking industry. For more on the bank's history, click here. |
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| WELCOME NEW MEMBER |
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IBAT would like to welcome a new member to the association:
Synergy Bank, SSB, Waco |
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| SOLUTIONS FROM SERVICES |
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Gonzales team using IBAT- Endorsed Provider for streamlining, organizing supply stream. American National Bank in Gonzales reports 25% savings with new system. Click here to find out how they accomplished this. |
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| BAKER WEEKLY |
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As expected, the Fed took short-term rates up another 25bp for the 16th consecutive time since June 2004. Read more in 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. |
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| 2006 LEADERSHIP CONFERENCE |
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“I attend the Leadership Conference for several reasons. First, the IBAT staff insures that the highest quality presenters are available for educational and motivational measures. Second, the opportunity of networking with your peers in a non-competitive environment allows the free exchange of thoughts and ideas that translate into better procedures and processes in my workplace. Third, and possibly most important, is the ability to learn and interact in a family friendly environment.”
Wrey Montgomery, President-Loan Center
The Bank & Trust, San Angelo
Registrations are still being accepted but hotel rooms are getting scarce! Don’t wait any longer to register for the IBAT Leadership Conference.
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| LAPEL PIN REQUEST |
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IBAT would like to have a collage made of all the Texas independent banks’ lapel pins, to show our pride and diversity. We would like to include your bank’s pin in a collage in the IBAT office. We will display the pins in the shape of Texas and post pictures on the website for you to view. Just attach it to one of your business cards and drop it in the mail to the IBAT office by June 1, 2006. |
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ON THE EDUCATION FRONT |
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| Upcoming programs co-sponsored by IBAT and Professional Bank Services: |
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This month's Web Casts: |
June 5 - Lubbock
June 6 - Irving
June 7 - Waco
June 8 - San Antonio |
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COMING SOON |
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For a complete listing of upcoming events, click here. Meanwhile, please mark your calendar for some of our key events for 2006.
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June 15-17, 2006 - Galveston |
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August 6-11, 2006 - Lubbock |
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IBAT 32nd Annual Convention
October 1-3, 2006 - San Antonio |
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October 8-13, 2006 - Dallas | | |
