 KPMG LLP, the audit, tax and advisory firm, is the U.S. member firm of KPMG International. KPMG International's member firms have 137,000 professionals, including more than 7,600 partners, in 144 countries. | KPMG Website
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Reminder:
Community Bankers Forum
Monday, January 23, 2012
9:30a-12:30p
One State Street
New York, NY 10004 |
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Inside IBANYS
December 7, 2011
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IBANYS staff grows!
IBANYS would like to introduce Dan Valente, our new Director of Government Relations. Dan's first day was Monday, December 5th.
In his previous position, Dan served as the Legislative and Communications Director with the New York State Law Enforcement Officers Union, Council 82, and as the principle lobbyist representing public employees in the law enforcement community across New York State. Working with elected officials within state and local governments, he was successful in navigating through the legislative process, representing the needs of the members, and lobbying to pass bills and have them signed into law.
Other previous work experience includes positions with the New York State Assembly in the office of Communications and Information Services supporting the Democratic Majority and within the office of Assemblyman John J. McEneny of the 104th Assembly District.
Dan received his Master's Degree in Public Administration from Sage Graduate School in Albany and his undergraduate degree from The College of Saint Rose. Dan is a lifelong resident of the Capital District and resides in the Town of Colonie with his wife and son.
Please join us in welcoming Dan to IBANYS.
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CFO Peer Council Update and Webinar
The IBANYS CFO Peer Council Group is in full swing. The group's agenda for 2012 looks great, and we have twenty community banks committed to the Council so far.
If you would like to see the 2012 CFO Peer Council Group agenda, head to the IBANYS website under "news", or click here.
If you are interested in joining the CFO Peer Council, e-mail Vicki Miller at: vickim@ibanys.net
If you are already in the Council, remember that there is a Web Training session tomorrow, December 8th, at 2:00pm.
Also, please add another event to your calenders: What: Webinar for CFOs on the subject of TDRs Who: Jamie L. Keiser, CPA from The Bonadio Group When: Thursday, December 22, 2011 9:00am Topics of discussion: - TDR Checklist
- "Real life" examples
- Reporting requirements (for both financial statements and call reports)
- "Best practices" from our own experiences with clients and discussions with others in the industry
We will be issuing CPE for those that need it.
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Member op-ed: Credit Unions' tax exemption creates an unfair advantage
By: Kathy Gilbert, Sr. Executive Assistant, 1st National Bank of Groton
Published: 11/4/11, The Central NY Business Journal
What impact would an exemption from state and federal income taxes have on YOUR business? Think about it for a minute.....
But wait, what if it were your competitor who is tax exempt, but NOT you? Each of your businesses provides the same services, has the same number of employees, and is located in the same area. But, once upon a  time, your competitor was "different". Maybe it made a different product, or served a different purpose. But, over the years, the competitor evolved, and slowly they became more like your business. Now you both offer exactly the same products or services. However, because the competitor was once "different", they will NEVER pay taxes!
Well, once upon a time, credit unions were given an exemption from state and federal taxes in order to help them serve groups of individuals with a common bond who were of modest means. Since then,credit unions have also evolved, and now provide the same services as banks. And now, there are very few people who DON'T qualify to become a member. But, banks DO pay their taxes. ...Read the whole article here.
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Community bank overdraft survey
ICBA and IBANYS are asking community bankers to complete the ICBA Community Bank Overdraft Survey.
The survey is designed to collect up-to-date data on community banks' consumer overdraft payment programs and alternative services in the current regulatory environment. ICBA has collected data from consumers in a related study of consumer opinions on overdraft. Together, these two studies will provide important information to aid ICBA and IBANYS in advocating community bank views before policy makers and regulators who are implementing and proposing new overdraft regulations and guidance.
The survey is designed to display only relevant questions based on previous responses, so questions may not be numbered sequentially. The full list of questions is available onlinefor review. The survey takes approximately 15 minutes to complete.
Responses are due by Friday, December 9, 2011.
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IBANYS Magazine naming contest!!! | |
In case you haven't heard, IBANYS is launching a new bi-monthly magazine in 2012. The first issue will be a special edition Convention Preview, slated for July-August 2012.
We are so excited to present this new venture to our members, but we need your help!
The IBANYS magazine does not yet have a name, so get your thinking caps on! We will be taking submissions for name ideas until January 15, 2012.
The person who comes up with the best name will win a FREE REGISTRATION to the IBANYS Annual Convention, September 9-11, 2011!!
To submit your best ideas, e-mail us HERE!
There is no limit to how many names you can submit, but please keep the e-mails to one a day. Thanks!
We will announce the winner of the contest on Wednesday, February 1st!
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Associate Member named Banker of the Year
Throwback Approach Keeps Wilmers, M&T on Top
American Banker Magazine, December 1, 2011
When Robert Wilmers retired as the chief executive of M&T Bank Corp. in 2005, he gave little indication that he would someday return to the corner office.
Sure, Wilmers remained the Buffalo, N.Y., company's chairman and was still involved in major decisions, but he was 71 and M&T seemed in good hands with a new CEO, whom Wilmers had been grooming for years.
It turned out, though, that his hand-picked successor, Robert Sadler, didn't like the job much and in 2007 - after this newspaper had already honored him with its Lifetime Achievement award - Wilmers returned as CEO.
Under Wilmers, the $78 billion-asset M&T has weathered the economic downturn far better than most of its peers. Long one of the industry's best-performing companies, M&T remained profitable throughout the financial crisis and it has continued to increase market share, particularly in the Middle Atlantic region, with strategic acquisitions, including its purchase this year of Wilmington Trust Co. in Delaware.
...Read the whole article here.
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Frank J. Capaldo
President / CEO
Victoria Miller
Director of Administration & Membership
Erin Clark
Director of Communications, Marketing & Development
William Y. Crowell, III
Legislative Counsel
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