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| MAKING A DIFFERENCE WINNERS |
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Congratulations to the 2007 Making a Difference Award Honorees!
Community bankers from Farmersville, Dumas, Byers and Longview have been selected for the 2007 “Making a Difference” Awards presented by the Independent Bankers Association of Texas (IBAT).
Honorees, selected by an independent panel of judges, will be recognized in ceremonies during the IBAT Education Foundation Gala in October.
“We created this award to recognize those independent bankers throughout the state who continually “Make a Difference” in their communities and their banks.” IBAT President/CEO Christopher Williston said in announcing the winners. “We know that community bankers routinely go that extra mile each day. This will give us an opportunity to thank them publicly.”
The 2007 winners of the coveted award include:
Asset Size Under $100 Million
 Cindy Dickens, Senior Vice President, First Bank, Farmersville Betty Jo Fox, Senior Vice President, First National Bank, Byers
Asset Size More Than $100 Million M. Brent Futrell, Senior Vice President, First State Bank, Dumas Karen Partee, Vice President, Texas Bank and Trust, Longview
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| IBAT 33RD ANNUAL CONVENTION |
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Reminder...August 17 is the cutoff for early bird registration and hotel reservations!
You should have received an e-mail from us on Friday that contained your unique IBAT member ID number. That number makes it quick and easy for you to register online (and receive an instant e-mail confirmation!). Just click the link below to get started...
Of course, you can still fill out the paper registration form and fax or mail it to us. If you need a copy, it's available at the link below, along with all the other details about our convention.
More information... |
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| LEGAL EASE QUESTION OF THE WEEK |
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Question: We just read that the Fed increased the fees for high cost loan determination to $561 effective 1/1/08. That got us to thinking about what standards are applied to Texas. Are they different?
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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The IBAT Education Foundation web site has links to interactive sites to help teach kids about Saving Bonds. On the home page, click on Students under Who You Are, then click on Money Math: Lessons for Life under Middle School. Once there, click on Kids Home on the left side and then click on Learn to find out all you can about Savings Bonds. |
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| SOLUTIONS FROM SERVICES |
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Need help keeping up with the ongoing changes in operations issues?
IBAT introduces the Operations Compliance Handbook. This guide provides some of the latest information (as well as a quick overview of some of the basics) on hot topics in the operations arena. The book is written in outline format and includes numerous reference materials such as the most recent amendments to Reg DD (on overdraft privilege), pertinent extracts from other regs and commentary, checklists, sample forms, and other useful materials.
Topics covered in this timely book are:
BSA/AML Information Security Overdraft Privilege FACT Act Stored Value and Payroll Cards Check 21 and Remote Capture
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| BAKER WEEKLY |
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On Tuesday, the Fed will meet to discuss monetary policy and the fate of overnight borrowing rates, where economists are expecting rates to remain at 5.25%. Fed fund futures indicate a 92% chance the Fed will cut rates by 25bps by its December 11 meeting. Other economic indicators to watch for are consumer credit, which is expected to fall as car purchases slow; wholesale inventories should slow from 0.5% to 0.4%; and watch for any deviation in YoY chain store sales, which will give us insight as to how much the sub-prime debacle is affecting U.S. consumers, which account for 70% of GDP. 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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Liquidity Management Summit
September 6-7, 2007
San Antonio - Omni La Mansion del Rio
WHAT YOU WILL LEARN:
Answer critical questions relating to current liquidity guidance.
Provide ideas for finding the balance in your liquidity policy.
Demystify core deposit maturity and pricing issues.
Provide answers to raising retal deposits in this environment.
Create awareness of the various wholesale funding options now available to the financial industry.
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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 |
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Winter Summit VIII
January 27-29 - South Lake Tahoe, NV | | |
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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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