| ON THE HILL |
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Legislative Update
The House Financial Institutions Committee held its first (perhaps only) hearing on Tuesday to hear invited testimony (basically from the finance commissioners) about consolidation, mortgage fraud, predatory and subprime lending. The general consensus appeared to be that consolidating the agencies would not save any money and could detract from the unique missions of certain agencies. The committee heard that foreclosure rates are high in Texas, although the reasons appear to be murky. Consumer advocate Doggett had several recommendations regarding reductions in predatory lending including requiring advance counseling for ARMs and an increase in penalties for bad actors. IBAT will file written comments. |
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| LEGAL EASE QUESTION OF THE WEEK |
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Our bank is planning a big push on our "free" checking accounts with
automatic overdraft protection. Any compliance issues?
Be sure to contact IBAT's Endorsed Service Provider, John M. Floyd and Associates, about their overdraft privilege programs. Read "Solutions from Services" below for more information.
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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| FIVE STAR AWARD NOMINATIONS |
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Don't miss this opportunity to honor your favorite bank suppliers...deadline is Monday, June 26!
As a community banker, you know something about quality service. That is why we would like for you to consider a nominee for the IBAT Five*Star Award. This award is given annually to three IBAT Associate Members selected by you, the members of the community banking industry.
This award recognizes the company that routinely provides not just excellent service, but also innovative solutions that help your bank grow faster, enhance profits and efficiency.
You be the judge. Your participation will help determine the winner!
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| IBAT LEADERSHIP DIVISION NEWS |
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The 2006 IBAT Leadership Conference at Moody Gardens was a great success, with 36 first-time attendees! Darrell Brown was elected as the new Division president, along with two new board members. To learn more about the newly-elected officers and directors, click here.
A former Leadership Division Board member and former member of the IBAT Board of Directors received the Excellence in Leadership Award. Click here to find more information on this year’s award recipient.
If you didn’t make it to this year’s Conference, we hope you’ll join us at the 2007 Leadership Conference, June 14-16, at the new Hyatt Lost Pines Resort outside of Austin. Keep reading to find out what folks said about this year’s Conference. |
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| HAVE YOU HEARD... |
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What folks are saying about this year’s IBAT Leadership Conference?
“The future of Texas leaders”
Rick Coburn, The Data Center/Texas State Bank, Grapevine
“Very interesting. Refreshing and educational. Great outing for the family."
Israel Hinojosa, The First National Bank, Hebbronville
“IBAT Leadership Division members are making business dreams come true now!”
Brenda Standlee, American Prudential Capital, Houston
“I laughed. I cried. I almost tackled a palm tree.”
Anthony Landry, USI Southwest, Houston
(following his near miss with a palm tree
during the Survivor team games)
“Hire for attitude. Train later.”
Pat Cargill, First National Bank of Central Texas, Waco
(following Bruce Wilkinson’s presentation
on “Surviving the Storms of Change) |
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| IBAT EDUCATION FOUNDATION |
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What are the lessons about life from college experience that students will learn in "Waaaaa!" on the Wall Street Journal site?
Answer:
1. Don't be afraid to ask for help.
2. Know when to say 'Enough is enough'.
3. Follow your gut.
4. Maximize your time.
Last week's question: When visiting Hands On Banking on the Students' site, who takes visitors on a site tour and what are the four areas of learning on the Kids section? Answer: Zing is the tour guide and the four areas are: You and Your Money, Budgeting, Savings and Checking, and Credit and You. |
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| SOLUTIONS FROM SERVICES |
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JMFA OVERDRAFT PRIVILEGE® has helped more than 1,000 financial institutions streamline processes, become 100% compliant and increase non-interest income 50% to 300%. Contact James Atwood at 281-424-3800 or Wes Baggett at 972-979-3038 for more information. |
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| BAKER WEEKLY |
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The foundation for the housing market continues to crack even though one figure suggests otherwise. Housing starts rebounded this month not because of a strengthening housing market, but because of incentive-based sales enticements for home building. Read more in this week's Baker Weekly. 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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ON THE EDUCATION FRONT |
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Introducing a new program to IBAT Education: Liquidity Management Summit, August 1-2, 2006 at the Westin DFW Airport in Irving. Who should attend? CEO's, CFO's and anyone responsible for risk management.
IBAT Operations Compliance Summit is being held August 24-25 at the Hilton Arlington. This summit is designed to cover current hot topics in Operations. Anyone responsible for the operations and compliance departments of independent banks should attend.
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IBAT Education and PBS co-sponsor the following programs: |
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July 11 - San Antonio
July 12 - Irving
July 13 - Tyler
July 14 - Houston
July 19 - Houston
July 25 - Lubbock
July 26 - San Antonio
July 27 - Waco
July 28 - Irving
August 9 - Houston
August 16 - Irving
August 17 - 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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August 6-11, 2006 - Lubbock |
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October 1-3, 2006 - San Antonio |
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October 8-13, 2006 - Dallas | | |
