IBAT News

Baker Market Update: May 30, 2017


For those unclear about the FOMC’s resolve to effect another rate hike when next they meet, the release of its May minutes should have provided a little bit of clarity. Only a little bit, though, because well, this is the Fed we’re talking about. A single, cherry-picked excerpt from the May minutes reveals that “most participants judged that if economic information came in about in line with their expectations, it would soon be appropriate for the Committee to take another step in removing some policy accommodation.” With words like “if,” “about,” “soon,” “some,” that’s kinda sorta about as definitive as it gets from our policy-makers.

Read more in the Baker Market Update.

The Texas Independent Banker


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

Sneak Peek at LD Conference


Thinking about registering for IBAT’s 32nd Annual Leadership Conference? Watch the video below to find out what all the buzz is about and then click here to register or find additional information.

 
 
We hope to see you June 22-24, 2017 at Horseshoe Bay Resort!

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

 

Happy Memorial Day & Office Hours


In observance of Memorial Day, the IBAT office will be closed Monday, May 29 and will reopen for regular business hours on Tuesday, May 30.

With solidarity, the IBAT family says, "thank you," to the families of those who have been lost in current and past armed conflicts.  We are eternally grateful for the ultimate sacrifice that has been made by many for the freedom we enjoy. 

Happy Memorial Day and God Bless America!

Memorial Day Flag Instructions


Office of the Governor Greg Abbott

Memorial Day Memo to State Agency Leaders and Interested Parties for 2017

Displaying the state and national flags is an important duty in carrying out our mission for the people of the state of Texas. In addition to creating an identity for the people of Texas, the proper display of flags leads the people into times of joy and mourning, and into times of reflection and celebration. 

On the morning of Monday, May 29, both the State of Texas and U.S. flags should be raised briskly to full-staff and then slowly lowered to half-staff until noon.  At noon, both the State of Texas and U.S. flags should be raised briskly to full-staff for the remainder of the day.  Flags should be at full-staff on Tuesday, May 30. 

You are not required to schedule employees for duty on holiday or weekend hours only to comply with flag-flying issues. These requirements only apply to days that your agency normally displays the flag. 

In all questions, you should consult your in-house general counsel to see how they interpret the laws to your specific situation.

Contact Greg you have any questions:

Gregory Scott Davidson, Executive Clerk and
Director of Constituent Communication Division
Office of the Governor ● P.O. Box 12428 ● Capitol Station ● Austin, Texas 78711
(512) 463-1800

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.

Legal Ease: May 25, 2017


Is a SAR subject to a subpoena? Our attorney has suggested that we refrain from filing a SAR on one individual because it may be discoverable.

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.

.Bank Update


fTLD Registry Services, operator of the .BANK domain, recently provided an update about domain usage and security requirement changes. .BANK continues to gain acceptance with an 18 percent increase in activated .BANK domain names in the first quarter of 2017.

With newly approved fTLD security requirement changes, the availability of resources to support .BANK domain name activation (including a new third-party provider program) and updated resources such as an implementation planning checklist, it’s easier and more secure to obtain a .BANK domain name.

For more information about recent changes or general .BANK inquiries, feel free to contact fTLD Registry Services Managing Director Craig Schwartz here or call 202-589-2532.

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

Dell Deals


During the month of May, Dell is celebrating Small Business Month with Double Discounts for IBAT member banks, bank employees and customers. Don't miss out! You can place your order online by clicking here. On average, IBAT members save 30% on orders by using the Dell/IBAT link number: GS126658178.

May special offers include:

  • Coupon Offer: DOUBLESERVER
    Additional 20% off select PowerEdge Servers $899+
  • Coupon Offer: DOUBLEDISCOUNT
    Additional 10% off select OptiPlex/Latitude
  • Coupon Offer: DOUBLEXPS
    Save Additional 10% off select XPS and Inspiron PCs (weeks 1-4 only)

Be sure to place your order before May 26! 

Staff contact: Curt Nelson, cnelson@ibat.org, 512-275-2240

Repealing the Durbin Amendment


Representative Ted Budd from North Carolina—a member of the Financial Services Committee—is attempting to gather signatures for a letter to House GOP leaders that would urge them to let members vote on repealing the Durbin Amendment. While language to repeal the debit card fee cap is included in Chairman Hensarling’s Financial CHOICE Act, which has broad GOP support, the swipe fee provision is dividing Republicans. Budd is an outspoken critic of the regulation.

On a related note, the Electronic Payments Coalition released a Durbin Amendment animated explainer video. The video highlights the fact that big-box retailers have pocketed $42 billion from the Durbin Amendment, while community banks and consumers are carrying the burden. Thanks to ICBA for sharing this video.

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

IBAT's Renewal with Diebold


We are pleased to announce IBAT’s renewal of our long-standing Diebold Nixdorf endorsement. A trusted community bank partner for more than 150 years, Diebold Nixdorf offers products and services that enrich the customer experience and ensure that IBAT member banks always utilize up-to-date and efficient technology to meet their customers’ needs. IBAT will continue to endorse physical security products as well as additional self-service products, including ATMs, interactive ATMs and in-lobby teller systems.

An added benefit included in the endorsement renewal is an enhanced service escalation process exclusively for IBAT members. Diebold Nixdorf has created a toll-free number and email address solely for IBAT members who need to escalate service. This process will occur if a service call is not responded to within eight hours, a technician is not able to resolve the issue after two attempts or the same terminal has more than four outages per year due to Diebold hardware or software.

“We are pleased to continue our successful relationship with Diebold Nixdorf,” said IBAT Services President Curt Nelson. “The products and services offered by Diebold Nixdorf will provide IBAT member banks with the solutions necessary to meet the changing demands of the marketplace.” 

Staff contact: Curt Nelson, cnelson@ibat.org, 512-275-2240

White Paper


Last week, ICBA delivered to the Treasury Department a comprehensive white paper to bolster economic growth through tiered community bank regulations. “Community Bank Regulatory Relief: A Roadmap to Economic Growth and Prosperity” lays out the economic benefits of community banks, the challenge of overregulation and its effect on industry consolidation, and regulatory solutions.

The white paper, which complements the Plan for Prosperity regulatory relief platform, offers solutions to:

  • Strengthen community bank mortgage lending through targeted reforms;
  • Ease commercial lending rules to mitigate the negative impact on small businesses and farms;
  • Reform punitive Basel III capital rules and refocus them on the largest financial firms;
  • Address growth-inhibiting burdens stemming from the Consumer Financial Protection Bureau, Bank Secrecy Act, quarterly call report and examination environment; and
  • Review the credit union industry’s tax and regulatory exemptions.

Community bankers, led by Texan Scott Heitkamp, met with Treasury officials on April 5, 2017 to detail many of these recommendations in response to President Trump’s recent executive order to review financial regulations.

In comments made before the Senate Banking Committee last week, Treasury Secretary Steven Mnuchin said that the Department’s first report to the President regarding financial regulations will focus on regulatory relief measures for community banks.  

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

Legislative Session


Last week was a very good one for IBAT’s proactive legislative agenda with several bills passing out of the second chamber and on to the Governor’s desk. A comprehensive update was sent yesterday in the latest edition of IBAT’s Legislative Insider

The last week or so has also been filled with some extraordinary drama, as the Senate and House pushed their respective agendas and priorities. The “buzz” around the Capitol seems to be centered on whether there will be a special session (or several). At this juncture, that appears to be contingent upon whether the two chambers and their leadership can agree upon a handful of issues, including the budget, bathroom access, property taxes and whether several state agencies will continue to exist. 

We at IBAT are certainly looking forward to sine die next Monday and are hopeful that logic and reason – if such are indeed possible, especially at this point in this process – will prevail on the big issues remaining to be addressed this week.

In the meantime, please don’t forget to register for IBAT’s 85th Texas Legislature recap webinar on June 27, 10-11:30 a.m.  

Staff contact: Steve Scurlock, sscurlock@ibat.org, 512-275-2226

Meet our New Team Member


IBAT is pleased to welcome experienced technology officer Mike McCormack, Vice President of Information Management, to the team. He will oversee iMIS, IBAT’s new database. McCormack brings nearly 30 years of experience covering database administration, network and website management, and technology development.

He most recently served as chief technology officer of the American Society for Cell Biology. McCormack is a graduate of the University of Pittsburg. He and his wife moved to Austin from Maryland.

Please feel free to email him to say welcome. 

Staff contact: Christopher Williston, clwilliston@ibat.org, 512-275-2208

Baker Market Update: May 22, 2017


Geopolitical risks are something that investors have always had to deal with. The concern is usually focused upon events that occur on foreign shores. This week, the shores in question are the banks of the Potomac.

Controversies swirling around the administration continue to build toward an uncertain crescendo amid growing perceptions that a variety of entanglements may further sidetrack President Trump’s ambitious agenda to breathe life into what some see as a flagging economy.

Read More in the Baker Market Update

Fun Fact Friday: May 19, 2017


Dr Pepper was invented in Waco in 1885. The Dublin Dr Pepper, 85 miles west of Waco, still uses pure imperial cane sugar in its product. There is no period after the Dr in Dr Pepper.

 

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