Baker Market Update: March 27, 2017

Who among us has not been advised to avoid counting one’s chickens before they’re hatched?  Or, maybe you’ve been warned that there’s many a slip ‘tween the cup and the lip.  Robert Burns long ago warned us all that the best laid plans of mice and men often go awry.  All of these gentle admonitions might well be applied to the behavior, this week, of the Treasury market.  Despite the FOMC’s quarter- point nudge to Fed Funds last week, bond prices will finish this week higher than where they started. The lofty expectations generated by the changing of the guard in Washington, D.C., may be fluttering closer to earth as the realization sets in that campaign promises are easier to make than to fulfill.

Read More in the Baker Market Update

The Texas Independent Banker

The March/April 2017 digital edition of IBAT’s magazine, The Texas Independent Banker, is now available online. Click here to view the full table of contents or link directly to specific content below:

As always, if you have suggestions for future content to be featured in The Texas Independent Banker magazine, please contact Bonnie Kankel. We welcome your thoughts and ideas.

Staff contact: Bonnie Kankel, bkankel@ibat.org, 512-474-6889

2017 Summits

New for 2017, IBAT is offering a series of bank lending educational programs in April in an effort to minimize employee time away from the bank.

We have combined three unique lending summits into one week—all held at the Omni San Antonio Hotel at the Colonnade. The three programs offer strategic insight into regulatory “hot buttons,” lending policies, credit analysis procedures and interactive case studies.

Register or learn more about 2017 Appraisals, held April 18; 2017 Cash Flow Analysis, held April 19; and 2017 Credit Analysis, held April 20.

Staff contact: Jessica Hernandez, jhernandez@ibat.org, 512-275-2207

IBAT's Congressional Visit

The deadline to reserve your room for IBAT's 25th Annual Congressional Visit, May 2-4, 2017, has been extended to March 24. You officially have less than four days to reserve your spot at the Grand Hyatt Washington at the group rate. We cannot guarantee availability or discounted rates beyond this Friday. 

This is your opportunity to stand together with fellow community bankers as we make our voice heard. We are tremendously optimistic that meaningful regulatory burden relief for community banks is within reach and will become a reality. For the first time in years, the community banking industry has the opportunity to make a significant impact with our lawmakers to effect real – and long overdue – change. The time to fight for the future of community banking is now!

Staff contact: Janey Holstien, jholstien@ibat.org, 512-474-6889

Dell Deals

Hurry to Dell's website to see Q1 2017 special offers for IBAT member banks, bank employees and customers! Take advantage of the the following discounts before May 1, 2017. You can place your order online by clicking here.

Special offers include:

  • Save an additional 5% off select OptiPlex/Latitude PCs (Coupon EXTRA5%PC)
    Coupon offer valid 1/27/2017 - 5/1/2017 at 7AM CST. For Dell Professional Associations only. Save an additional 5% off select OptiPlex/Latitude PCs. Coupon is valid with select other offers but not with other coupons. Limit of 2 promotional items per customer. Not valid for resellers and/or online auctions. Dell reserves the right to cancel orders arising from pricing or other errors.
  • Save an additional 5% off select Inspiron/XPS PCs (SAVE5%PC)
    Coupon offer valid 1/27/2017 - 5/1/2017 at 7AM CST. For Dell Professional Associations only. Save an additional 5% off select Inspiron/XPS PCs. Coupon is valid with select other offers but not with other coupons. Limit of 2 promotional items per customer. Not valid for resellers and/or online auctions. Dell reserves the right to cancel orders arising from pricing or other errors.
  • Save 10% on Precision Workstations (EXTRA10%PWS)
    Coupon EXTRA10%PWS: Save an additional 10% on the promo price of select Precision Workstations. Coupon expires 5/1/2017. Coupon valid with select online discounts. Coupon not valid with other coupons. Exclusions apply. Five items per customer. One time use only.
  • Save 10% on PowerEdge Servers $899+ (EXTRA10%PE)
    Coupon EXTRA10%PE : Save an additional 10% on the promo price of select PowerEdge Servers $899 or more. Coupon expires 5/1/2017. Coupon valid with select online discounts. Coupon not valid with other coupons. Exclusions apply. Five items per customer. One time use only.

Share the News:
Please feel free to share this email with your staff and customers. For your convenience, you can download the flyer and post it somewhere in the bank where everyone can see it. Please be sure to include the Dell/IBAT link number (GS126658178) with each order.

Ordering is easy! 
Visit Dell's website or contact Bryan Horten, IBAT’s Strategic Account Manager, at 512-942-9120 to order. As a reminder, whenever ordering Dell equipment please be sure to include the unique Dell/IBAT link number GS126658178.


Curt Nelson
IBAT Services Inc.

Legal Ease: March 23, 2017

We pull credit reports that do not include credit scores. Do we have to provide the risk-based pricing notices (RBPN) since we do not rely upon a credit score?  

Learn the answer here.

Staff contact: Kelly Goulart, kgoulart@ibat.org, 512-275-2231

Legal Ease is chosen from questions received through the IBAT Compliance Adviser Helpline, available to IBAT members free of charge at 1-800-749-4228 or kgoulart@ibat.org. IBAT members can also read and/or initiate discussions with other community bankers in the IBAT Compliance Forum. The Legal Ease archives are also available on IBAT2GO, the official IBAT mobile app.

32nd Annual LD Conference

The IBAT Leadership Division is pleased to announce that registration is now open for its 32nd Annual Leadership Conference. This annual flagship event is scheduled to take place June 22-24, 2017 at Horseshoe Bay Resort. This year's theme, Leadership Roundup, will have great leadership lessons and education for all. 

We have an engaging lineup of featured sessions and speakers, including:

  • Leadership and Legacy (Joe Serio)
  • Rethinking Toast: Because the Problem is Never the Problem (David Norris)
  • Leadership Lessons: An Interview with Chris Williston
  • The Champion's Way: What It Takes to be a World Champion Leader On and Off the Field (Ben Utecht)

Plan on joining us in Horseshoe Bay this June, and don't forget to bring the family. We'll have plenty of activities for the family and kids, including Money Camp and Family Fun Night. Click here for the full agenda.

Staff contact: Julie Courtney, jcourtney@ibat.org, 512-275-2227

Texas Bankers Hall of Fame

The selection committee of the Texas Bankers Hall of Fame at Sam Houston State University (SHSU) announced the following five honorees for 2017 who will be recognized for their significant contributions to the banking industry:

  • B.A. Donelson, The First State Bank of Stratford 
  • George Martinez, Sterling Bank and Allegiance Bank, Houston
  • Milton S. McGee, Jr., Citizens National Bank, Henderson
  • Jack Griggs, Southwestern Bancorp, Inc., Sanderson and Texas Heritage Bank, San Antonio 
  • The late Milton L. Payne, First State Bank & Trust Co., Carthage

Donelson, Martinez and McGee are all former IBAT Chairmen and held many other IBAT leadership positions throughout their long community banking careers.

The Texas Bankers Hall of Fame was established by the Smith-Hutson Endowed Chair of Banking at SHSU to honor bankers who have served their industry, community and state. The 2017 honorees will be inducted on April 27 at the Fifth Annual Texas Bankers Hall of Fame Gala at SHSU in Huntsville.

Congratulations to these distinguished bankers, and thank you for the vital role you play in the Texas community banking industry.

Staff contact: Chris Williston, cwilliston@ibat.org, 512-474-6889

West Texas Wildfire Relief

The Panhandle of Texas is experiencing horrible wildfires with thousands of acres already burned. Cattle, horses and miles of fences have been caught in the path of the fire.

One of the main needs at this point is supplies to start rebuilding fences to save the animals that are left. Many ranchers have lost most or all of their total herd. This is being reported as the worst tragedy the ranching and farming community in the area has ever seen.

The most comprehensive relief effort is through the Working Ranch Cowboys Foundation, and you can donate here

Staff contact: Chris Williston, cwilliston@ibat.org, 512-474-6889

IBAT's Lunch & Learn

IBAT will host the second webinar in its Compliance Lunch and Learn Series, a free benefit for IBAT members. More than 60 bankers are registered to participate and it's not too late for you to join them! Karen Neeley, IBAT General Counsel and Senior Attorney with Kennedy Sutherland, LLP is our regularly scheduled speaker, and Kelly Goulart will act as the meeting moderator.

Topics for  Thursday's program include administrative fees and how often they can be imposed, as well as IOLTAs and responsibilities to file a SAR when warranted. The program will wrap up with an opportunity for participants to ask questions in a half-hour “open mic.”

If you can't make Thursday's program, you can register for any of the upcoming dates:

Staff contact: Kelly Goulart, kgoulart@ibat.org, 512-275-2231

New ICBA Chairman

Congratulations to IBAT’s Scott Heitkamp (ValueBank Texas, Corpus Christi), who officially became the new ICBA Chairman over the weekend at the ICBA Community Banking LIVE 2017 national convention held in San Antonio. Heitkamp has served the community banking industry for decades, including as Chairman of IBAT, the IBAT Leadership Division, the ICBA Federal Delegate Board and ICBPAC.

A recent article in American Banker looks at his career and what led him to where he is now, including joining his father in 1987 at what is now ValueBank Texas. It also explores his priorities in his bank and for the industry at large. 

“As community bankers, we are different,” Heitkamp said while accepting his new position. “We honor and keep our commitments. We stay steady in our principles and our values, because our industry is built on values.”

Heitkamp’s speech can be viewed here. We are beyond proud to call him our own and look forward to the work he’ll do on the national level in the year ahead. 

Staff contact: Chris Williston, cwilliston@ibat.org, 512-474-6889

OCC Update

The Office of the Comptroller of the Currency (OCC) has pushed ahead with its controversial charter for new financial technology—also known as fintech—companies. Last week, the bank regulator issued new guidance for its limited-purpose bank charter, primarily for fintech firms, releasing standards that the startups must meet to obtain one. This was done in defiance of House Republicans and drew immediate resistance from state banking regulators.

As you may recall, Texas Banking Commissioner Cooper wrote an op-ed about this a few weeks ago.

The Conference of State Bank Supervisors, for which Commissioner Cooper currently serves as Chair, has once again been very vocal about its objection to this move by the OCC, citing the dangerous precedent it sets and that it goes beyond the legal limits of its authority. A main concern to many is that the charter would erode state consumer protections, destabilize banking regulations and introduce new forms of risk to both consumers and taxpayers. The OCC has announced a 30-day comment period that ends mid-April.

"IBAT remains concerned about the potential implications of a national bank charter for nonbank entities,” said IBAT Executive Vice President Steve Scurlock. "This is a dramatic departure from ‘business as usual,’ and we will weigh in with a comment letter over the next several weeks.”

Staff contact: Steve Scurlock, sscurlock@ibat.org, 512-275-2206

IBAT Webinars

Did you know? IBAT, in conjunction with Financial Education, Inc., hosts close to 150 webinars a year. Webinars are a very economical way to train your staff for one low price. Everyone can sit in on the program with the use of a speakerphone and a computer, or access archived webinars on-demand.

Topics are broken up by category or by date and include:

  • Auditing & Accounting
  • Collection
  • Compliance
  • Directors
  • Frontline and New Accounts
  • Human Resources
  • IT
  • IRA
  • Lending
  • Operations
  • Security & Fraud
  • Senior Management

You can access a complete listing of upcoming webinars and archived webinars here.

Baker Market Update: Mar. 20, 2017

When Janet O’Yellen and the FOMC came through with Wednesday’s much ballyhooed rate hike, some pundits described the event as “the other shoe dropping.” The implication is that this week’s shoe is the mate of December’s rate hike. But wasn’t that the “other shoe” from a year earlier? Can one shoe belong to two pair? If not, that makes this most recent move merely the “next shoe.” The Committee has 17 members and even though only 10 get to vote, that’s still a lot of shoes. How many more will drop this year? Most signs point to a pair.

Read More in the Baker Market Update

IBAT's March Consumer Tips

IBAT's March Consumer Tips article discusses ways to prevent elder financial abuse, the fastest growing form of elder abuse. These tips look at why seniors are targeted, common financial scams and advice for how seniors can respond when approached by scammers.

Please feel free to share the March Consumer Tips with your bank customers.

Staff contact: Lindsey Gehrig, lgehrig@ibat.org, 512-275-2215