| RECENT NEWS |
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Campaign Season Upon Us - Again
Labor Day is the traditional start of the campaign season, and while we have had snippets of activity over the past few months, you will no doubt notice the signs going up, radio and television ads and an increased level of rhetoric from all directions. Your IBAT government relations staff has been most active in assisting our friends running for various offices, and have been putting your PAC contributions to good use. We encourage you to be involved in races important to you at both the statewide and local levels. IBAT has been effective in the legislative process in large part due to the involvement of community bankers across the state. Your time - and your money! - are most appreciated and valuable in this process. Please feel free to contact Steve Scurlock or Mae Beth Palone if you have any questions regarding particular races or candidates.
Vidal Gonzalez Appointed to Finance Commission
Congratulations to Vidal Gonzalez, Senior Vice President of Jourdanton State Bank. Vidal has been appointed by Governor Perry to the "banker" seat on the 9 member Finance Commission of Texas. At press time, the official release was not available, but we will provide that link at a later date. We look forward to working with Vidal in his new and vitally important capacity.
IBAT Comments on Banking Department Appropriations
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| LEGAL EASE QUESTION OF THE WEEK |
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Question: A candidate for the Texas legislature is a customer of the bank. She has come in for a loan for her campaign. Does that raise any legal questions?
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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| CONSUMER TIPS |
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Check out this month’s edition of Consumer Tips: After You’re Gone…Then What? |
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| BANK CENTENNIAL |
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IBAT would like to congratulate Roscoe State Bank as it celebrates its 100th Anniversary this year, commemorating its past and the beginning of another century of service to the community. The IBAT Board of Directors and staff congratulate President and CEO John Jay along with the directors, officers and employees on this important milestone for the citizens of Roscoe and Nolan County and the community banking industry. |
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| IBAT PAC AUCTION |
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The IBAT PAC Online Auction is open for business! You have until Monday, September 18 at 5:00 PM to bid on these items. This is a fun opportunity for you to help raise money for the IBAT PAC. Take a look at our Auction Catalog to see some of the great items that you will have an opportunity to bid on during the PAC Auction at the IBAT Annual Convention. If you want your item listed in the online catalog, download an Auction Pledge Form and return it to IBAT.
Another way you can help the IBAT PAC is by purchasing Dream Vacation tickets - they're $10 each and you need not be present to win! The drawing will be held during Monday, October 2, during the auction. |
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| SOLUTIONS FROM SERVICES |
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As an industry leader, Deluxe Financial Services is uniquely positioned to help IBAT members educate employees, address consumer concerns and adjust to changing regulations.
Effective September 15, 2006, The National Automated Clearing House Association – The Electronic Payments Association (NACHA) recently announced new rules that affect the processing of paper checks for retailers, financial institutions, consumers and businesses. The changes will be implemented in two phases and will impact nearly every aspect of daily operations for financial institutions. These changes include new guidelines for identifying business checks ineligible for conversion, and the introduction of back-office conversion, a new check processing application. Click here for more information.
Deluxe has developed a Check Resource Center where you can find additional information concerning the NACHA regulations as well as statement stuffers to print and distribute to your customers. |
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| 32ND ANNUAL CONVENTION |
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Friday, September 15 is the deadline to sign up for the Golf Tournament and Fun Run/Walk. Click these links for more information...
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| IBAT'S POST-ICBA CONVENTION PROGRAM |
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If you plan to attend the ICBA Convention in Honolulu next spring, you won't want to miss our post-convention program in Maui. Mike Woody will present a special workshop entitled "Maximization of Your Investment." The program is scheduled March 8-11 at the luxurious Fairmont Kea Lani. Registration is limited to the first 25 couples, so sign up now!
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| BAKER WEEKLY |
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The Bond market continues to trade with a bullish tone this week as economic data did nothing to dampen the expectation that the Fed will not tighten again anytime soon. 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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| IBAT EDUCATION FOUNDATION |
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Question: How many college students will initiate MasterCard's Peer-to-Peer program and when will they start?
Answer: 11 students will start fall semester, 2006.
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ON THE EDUCATION FRONT |
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IBAT Lending Compliance Summit
October 24-25, 2006 - San Antonio, TX
More Information
Don't Miss Karen Neeley at this Summit, designed to cover current hot topics in lending:
• Home Equity Update - New interpretations, ACORN appeal and other news
• Flood Hot Topics - New forms, LOMA rules, and other traps for the unwary
• Environmental Studies - What is needed when?
• CIP, SARs, and AML - It’s not just about new accounts!
• Usury and the Texas Credit Code - Your questions answered! Admin fees, skip a payment, late charges and other concerns.
• Overdraft Privilege vs. Open End Credit - Do you have options?
• Regulatory Potpourri |
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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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