| FROM THE IBAT LEGAL DEPARTMENT |
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CANS
Last week we sent you a couple of emails regarding the Banking Department's Closed Account Notification System (CANS). To make things a little easier for you, we've compiled a Q&A list along with the relevant links to Banking Department forms and info.
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| LEADERSHIP DIVISION BOARD NOMINATIONS |
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The IBAT Leadership Division is accepting nominations or the 2008-2009 Board of Directors. The Division is looking for energetic and motivated leaders. If you are interested in being an integral part of raising money for the IBAT PAC as well as creating a strategy and implementing plans that will impact the future of the Leadership Division and community banking, we invite you to submit your nomination to the board.
Current Leadership Division members should have received a nomination packet in the mail. All nominations must be accompanied by a letter of support from your bank or company president.
For more information on the nominating process, click HERE.
Deadline for nominations is March 25. |
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| LEGAL EASE QUESTION OF THE WEEK |
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Question: I received a phone call yesterday from a police officer. He is requesting information concerning a business checking account that was closed two weeks ago. I am not sure what information can be given to the officer without a subpoena. I looked in the Texas Finance Code, §277.003(a)(1) on disclosure of information on business checking accounts. Can you clarify this statute? The officer is asking if the individual is an authorized signer and what day the account was closed.
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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Watch more business walk into your branch!
De La Rue’s QuickChange® self-service deposit center is an innovative way for Texas IBAT banks to deliver enhanced customer service, attract new customers and reduce the burden of over-the-counter coin handling. It not only gives current and potential clients a reason to come into your branch, but also helps you provide a value-added service. Two versions of QuickChange are available to meet your branch needs and fit within your current processes. Coins may be captured into bags or bins depending upon the preferences of your financial institution. Plus, QuickChange is fast, accurate and easy to use.
Kick off a new era of increased core deposits and revenues. Contact Jim McAllister at 512.342.7938 or james.mcallister@us.delarue.com today to find out more about QuickChange. |
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| BAKER WEEKLY |
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The Federal Reserve lowered the discount rate by 25bp last Sunday and followed that up on Tuesday with another 75bp cut in the Fed Funds Rate to 2.25%, bringing the total amount of easings to 300bp since last summer. In addition, the Fed announced it would allow primary dealers to access the Fed discount window for liquidity needs that could help avert another Bear Stearns type crisis. The Dow Jones Industrial Average rose about 250pts last week. Commodity prices have ebbed from record highs as recessionary fears in the U.S. still loom, along with a surprising rebound in the dollar. The dollar rose against most major currencies following the Fed's cut of just 75bp (less than the market expectation for a full 1% cut), possibly signaling the Fed is going to defend the dollar following the spectacular 40% drop over the last 7 years....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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Don't delay...
Cutoff for room reservations is
Wednesday, March 26!
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Operations Compliance Summit
April 17, 2008
Westin Park Central, Dallas
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What you will learn:
u Best practices for security intrusion notification
u Tips for ID theft red flags
u HR refresher and veterans’ rights
u New liability for remotely created drafts
u Compliance with stolen check reporting
u BSA update
u New school depository requirements |
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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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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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September 20-23, 2008 - Hyatt Lost Pines Resort, Austin/Bastrop |
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October 5-10, 2008 - Dallas | | |
