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| RECENT NEWS |
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Capitol Report
In case you missed it Friday, check out last week's Capitol Report for an update on what's happening at the state capitol.
Regional Meeting Tour Has Ended
If you were one of the nearly 700 people who joined us at one of our regional meetings, thanks for attending! We enjoyed being able to get out and see some old friends and make a lot of new ones.
We'd also like to take this opportunity to once again thank our tour sponsors for helping to underwrite the cost of the meetings:
FIRST CLASS SPONSORS
 Clark Consulting The Data Center Discover Network ICBA
McCoy Myers & Associates NAVCO Security Systems PULSE COACH SPONSOR
Jaynes, Reitmeier, Boyd & Therrell, P.C.
CARGO SPONSORS
Bank Compensation Consulting Community National Bank, Midland Coy Lewis Company Deluxe Financial Services Fort Davis State Bank National Bank of Andrews PeirsonPatterson, L.L.P. Security State Bank, Odessa Southwest Bank, Odessa |
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| LEGAL EASE QUESTION OF THE WEEK |
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Question: We have been paying our teller employees who work on Saturday time and a half per hour. They would prefer to get “comp time”. Can we do that?
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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| IBAT EDUCATION FOUNDATION |
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Question: In the Interactive teaching tools for financial education, which months will 'Check the Facts' provide free download of new, reproducible classroom activities?
Answer: September through May
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| SOLUTIONS FROM SERVICES |
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IBAT's endorsed service provide, Coy Lewis Company, is a human resource consultant firm specializing in salary administration and incentive compensation plan development. A banker posed the following question:
Question: Our bank has a practice of allowing non-exempt employees to take vacation before they actually accrue it. Likewise, if the employee terminates before the employee accrues their vacation, it has been the practice to deduct from their final pay the amount equal to the non-accrued vacation. Can we do this?
Answer: Yes, so long at you have ensured that you do two things. First, the amount of the deduction cannot drop the employee’s final pay below the minimum wage as established by the Fair Labor Standards Act. Second, under State Statutes, you must secure an authorization from the employee to deduct that amount. Otherwise you could incur a Texas Payday violation.
Use your membership advantage and contact the Coy Lewis Company and find out how they can help your financial institution today! Visit online at www.coylewis.com. |
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| BAKER WEEKLY |
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Over the past week, Treasury yields have remained fairly stable...Crude oil this week ticked back up to $60/bbl...natural gas is nearing $8/mmBtu...this week’s service industry beat economists’ expectations as consumer spending helped strengthen growth...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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2007 Sales Culture Summit
March 6-7 - Emily Morgan Hotel, San Antonio
Hotel Cut Off-2/13
Designing Your Bank’s Sales Structure
 How to both organize and implement your sales culture
Organization – Implementing Stage I, II, & III
Directing Sales – Who? and How?
Key elements of managing both sales activities and personnel
Specific duties of sales management
Staff sales training
Developing total staff participation
Meshing sales and marketing functions
Marketing Position as it relates to sales
Product training – Efficient, Effective, and Fun
Duties of bank management
Structuring your perpetual sales environment |
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| FWI TEXAS DISTRICT CONFERENCE |
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Where can you hear from our leader of Banking in Texas, uncover an Undercover Marriage, learn the REAL message with Body Talk, while Building a Better You, and More?… Right here in Texas at the 26th Annual FWI Texas District Conference held on the beautiful Texas Bay in the Clear Lake area, at the South Shores Harbour Resort and Conference Center with a waterfront view in every room!
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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 2007.
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February 22, 2007 - D/FW Airport |
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February 28, 2007 - Austin |
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March 8-11, 2007 - Maui, HI |
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IBAT Leadership Conference
June 14-16, 2007 - Hyatt Lost Pines Resort |
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IBAT 33rd Annual Convention
September 30 - October 2, 2007 - Fort Worth |
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TechMecca 2007
November 28-29, 2007 - Las Vegas | | |
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Contact IBAT or if you have comments or questions about this newsletter,
email or call Bonnie Kankel at (800) 749-4228. |
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