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| RECENT NEWS |
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At our recent convention in Fort Worth, IBAT members elected new officers and directors, and several members were honored with awards:
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| IBAT PAC |
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This year's convention fundraising activities (spearheaded by the IBAT Leadership Division) set a new record - over $127,000! For a complete summary of the events and lists of all the winners, CLICK HERE. |
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| CONSUMER TIPS |
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When disaster strikes, it is almost impossible to conduct business as usual. You and your family need to have a recovery plan in place, not only for personal safety, but for financial recovery. Read more in this month's issue of Consumer Tips. |
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| LEGAL EASE QUESTION OF THE WEEK |
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Question: May the bank make loans to customers who only provide an ITIN?
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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Texas Bank Able to Raise $1 million - 24 bps better than Broker Rates
Texas bankers face intense competition to maintain and raise deposits. IPFS, a new IBAT endorsed provider, provides $mart deposit solutions to help banks achieve higher funding performance. Below is a story of how one Texas bank was able to achieve significant market leverage.
Problem: A Texas bank needed to raise $1 million in a tight time frame at or below broker rates.
Solution: The bank used IPFS’ eCD, Online CD Marketplace product to post rates and had institutional investors buy CDs directly from the bank using the eCD platform
Result: The bank raised $1 million at 24 bps better than broker rates in three days using the eCD automated/paperless platform that virtually eliminates costly administration.
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| BAKER WEEKLY |
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Topping the news this week is the surge in oil prices...August’s trade balance narrowed as the weakened dollar spurred an increase in U.S. exports...Current Fed Funds Futures indicate a 66% chance the Fed will keep their overnight rate at 4.75%...Treasury prices are lower as September’s retail sales showed strength...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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Since October 18th is Get Smart About Credit Day, a quick way to locate books for you and your children about credit is to go to the IBAT Education Foundation home page and click on BOOK LIST found at the bottom of the WHO YOU ARE column. |
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| ON THE EDUCATION FRONT |
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Banking on the Border
October 29-30, 2007 - Tucson, AZ
It's not too late to register for the Second Annual Banking on the Border Conference. The program includes Alfonso Martinez-Fonts from the Department of Homeland Security and a keynote address from Texas Banking Commissioner Randall James.
Financial Literacy Summit
December 4-5, 2007 - Dallas
Online registration is now open for the 2007 Financial Literacy Summit, presented jointly by the IBAT Education Foundation and the Texas Bankers Foundation.
Purpose of the Summit:  To demonstrate practical ways community bankers can bring financial literacy information to schools.  To spotlight successful programs that earn CRA credit where local bankers have promoted financial education using MoneySmart, Building Wealth, Texas Department of Banking and other regulatory agency initiatives. To showcase the partnership between Junior Achievement and Community Bankers. |
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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 upcoming events.
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FDIC Banker Outreach
October 25 - Arlington
November 6 - Richardson |
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Winter Summit VIII
January 27-29, 2008 - South Lake Tahoe, NV |
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IBAT Regional Meetings
January 22-25, February 5-8, 2008 - Locations TBD |
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IBAT Annual Congressional Visit
April 29-May 1, 2008 - Washington, DC |
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IBAT Leadership Conference
June 19-21, 2008 - Moody Gardens, Galveston |
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IBAT 34th Annual Convention
September 20-23, 2008 - Hyatt Lost Pines Resort, Austin/Bastrop |
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Bank Operations Institute
October 12-17, 2008 - Dallas | | |
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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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