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Governor Perry Signs Tax Bill
We are very pleased to report that on Saturday, Governor Rick Perry signed HB 3928, the revised franchise tax technical corrections bill. This event brings some closure to a long and arduous process that began over a year ago in the final special session of the 79th Legislature. You will recall that this bill includes the important provision reinstating "gross vs. net" apportionment treatment for sales of certain securities and loans. Thanks to all of you who answered the calls to action to get this important legislation through the process. You made a difference!
IBAT's 2007 Legislative Wrap-up
If you missed our FREE webinar on June 12, you can still hear Karen Neeley and Steve Scurlock provide a fast-paced, lively discussion of what passed, what didn’t and how your bank will be impacted. The program covers the changes to the tax bill, home equity lending, privacy and identity theft issues, commerce and banking limitations, mortgage fraud, tax lien lender activities, numerous operational and lending initiatives and provides some “inside baseball” observations on one of the more unique sessions in some time.
This page is in a members-only area of our web site, so you must be a registered user and log in to access it. There are links to the PowerPoint slides and the audio presentation.
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| FIVE*STAR AWARD |
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Congratulations to the 2007 Five Star Award honorees:
 The Genesis Group
AccuSource Solutions
Deluxe Financial Services
These companies were selected by the IBAT membership for this year's awards which will be presented during the IBAT Education Foundation Gala on October 2 at the Renaissance Worthington Hotel in Fort Worth.
Congratulations to all of this year's nominees and thank you for the outstanding services and products you provide to our industry. |
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| IBAT 33RD ANNUAL CONVENTION |
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Songwriters Late Show - A Lone Star Evening
You won’t want to miss this IBAT tradition – a late show featuring three of the industry’s finest songwriters: Aaron Barker (“Love Without End, Amen,” “What About Now”), Paul Overstreet (“On the Other Hand,” “Love Can Build a Bridge”), and Richie McDonald (lead vocalist for the band Lonestar).
Watch your mail in early July for the official convention brochure. Or check out the preliminary schedule and early bird registration form available on our web site now.
More information... |
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| LEGAL EASE QUESTION OF THE WEEK |
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Question: A person has come to the bank with a power of attorney and wants to open a new account for the principal and name himself as POD beneficiary. 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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| SOLUTIONS FROM SERVICES |
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IPFS, in partnership with IBAT and IBAT Services, introduces two $mart Deposit Solutions designed to help Texas community banks balance asset and liability growth and develop sustainable funding strategies. $mart Deposit Solutions consists of two different, but complementary deposit programs to generate low-cost, callable and non-callable, weekly deposits.
IBAT Services and IPFS invite you to attend a 45 minute informational webinar on July 11 at 9:30 a.m. CDT. Contact Jessica Molina at the IBAT office and register today! You may call her at 800-749-4228 or e-mail her at jmolina@ibat.org. |
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| IBAT EDUCATION FOUNDATION |
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The IBAT Education Foundation web site has links to interactive web sites that teach children about how money is printed, about savings bonds, about coins and the U.S. Mint, and more. On the home page click on Students under "Who You Are" and under Upper Elementary click on Department of the Treasury for Kids, then select one of seven links to go to first. |
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| BAKER WEEKLY |
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The Treasury Yield Curve steepened again this week...May Retail Sales were much higher than economists were anticipating...Business inventories were on the rise in April...Producer Prices were up...Headline PPI for May increased...the 2-Year T-Note is up......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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Leadership Conference a Huge Success!
Thank you to everyone who attended...we had record-breaking attendance this year! And a special thanks to all our sponsors. CLICK HERE for a complete listing. |
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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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September 29 - October 2, 2007 - Fort Worth |
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FDIC Banker Outreach
October 23 - Richardson
October 25 - Arlington |
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Financial Literacy Summit
December 4-5 - TBD | | |
