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John Gianacaci
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 Join the
Franklin Club today! | |
Are you a member yet? If you contribute $100 or more to the our state PAC, you will become a member of the Franklin Club. It is that simple!
Everyone who contributes will receive a lapel PIN with the Franklin Club designator on it, and recognition at IBANYS events. We're also adding a part of www.ibanys.net dedicated to Franklin Club members.
Interested? Click the link below.
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Upcoming IBANYS Events | |
2/16/12 - Compliance Peer Council Conference Call - 2pm
2/17/12- Government Relations Peer Council Conference Call - 10am
2/20/12 - President's Day. IBANYS offices closed
2/28/12 - CFO Peer Council Conference Call - 10am
3/1/12 - Board of Directors Meeting, Albany
3/22/12 - Regional Meeting, Catskill/Hudson Valley, Newburgh
3/29/12 - Regional Meeting, NYC/Long Island, TBD
4/19/12 - Compliance Conference, Albany
5/3/12 - Security Conference, Albany
5/17-18/12 - CFO Conference, Otesaga Resort, Cooperstown
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Click HERE to see all the upcoming IBANYS events!
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Inside IBANYS
February 15, 2012
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Regional Meetings a success IBANYS has covered some ground across the state in the last week, hosting a Regional Meeting in Albany last Wednesday, and another in Syracuse today. Both focused on public relations and social media for community bankers. The half-day morning programs were free to all IBANYS Members. Our special guest speaker in Albany and Syracuse was Joe Russo, an IBANYS Member who is the Senior Vice President of Marketing and Investor Relations for Alliance Bank of Syracuse. Mr. Russo has nearly forty years of experience in marketing, advertising, government relations, and public relations. Joining Mr. Russo at the Syracuse Regional Meeting was Aaron Hugo, Executive Vice President of the Pinckney Hugo Group. Pinckney Hugo is a Syracuse-based media and advertising firm. Aaron's experience comes from print, broadcast, outdoor, direct mail, media, PR, and more. Each of these meetings also had a roundtable discussion component, so we could get a better idea of issues affecting our members, and to get your ideas of what direction IBANYS should go in the future. The lively discussions touched on the issues of best practices, marketing people away from credit unions, current legislation, advertising campaigns, and more. We hope you can join us at one of our upcoming Regional Meetings:
- March 22, 2012 - Catskill/Hudson Valley - Newburgh
- March 29, 2012 - Long Island/New York City - Location TBA
- July 13, 2012 - Buffalo (Coincides with PAC fundraiser/golf outing & Board of Directors meeting)
- July 19, 2012 - Finger Lakes
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Government Relations Update
By: Dan Valente, IBANYS Director of Government Relations
Recent action in Albany has seen some bills beginning to move through the committee process in the legislature. Significant attention is being given to the redistricting battles and the budget. Senate Republicans are in control of producing new district lines based on the results of the  recent census. Assembly Democrats will control the district lines in the lower house. Both majorities have come under scrutiny for the manner in which the districts were developed. Governor Cuomo has said that he will veto any redistricting bills that are not conducted by an independent panel. This could certainly lead to further negotiations between Governor Cuomo, Majority Leader Skelos and Speaker Silver. We will see how this plays out in the near future.
The Governor's thirty-day budget amendments will be released soon. The thirty-day amendments, which are changes to the governor's proposed budget that was released Jan. 17, are due Thursday. The 2012-13 executive budget proposal is light on banking issues this year and IBANYS does not expect any significant changes in the budget allocations or current policy as a result of those amendments.
IBANYS issued a memo of support for S.5135 (Martins)/ A. 8971 (Magnarelli). This bill was reported from the Senate Local Government Committee to Finance and would authorize local governments to use reciprocal deposit programs, such as CDARS, to collateralize municipal deposits for amounts in excess of FDIC deposit insurance limits ($250,000).
As he addressed several members of IBANYS this week, Department of Financial Services Superintendent Benjamin Lawsky stated that the DFS intends on continuing a series of Community Bankers Forums in upstate New York. Times and dates have yet to be determined, and we will pass along the information when we receive it. For now, we know that DFS will hold forums in the Syracuse (April), Buffalo (May), and Southern Tier (June) regions of the state. All IBANYS members should take advantage of these forums. They are an excellent opportunity to participate in a dialogue with state regulators and ask questions as they pertain to your banking issues. Let's all come out and have a strong IBANYS participation at these events.
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New SBA 504 Refinancing Program Benefits Small Businesses and Banks
From the New York Business Development Corporation
Prepare your customers for the recovery.......recent revisions to the Small Business Administration's (SBA) 504 refinancing program create a unique and time-driven opportunity to refinance owner-occupied commercial real estate with long-term fixed rate financing with the ability to "cash out" equity to address other liabilities and projected working capital needs.
Loans under the 504 Program are funded by the sale of ten-year and twenty-year bonds guaranteed by the SBA. Thus, a borrower is able to obtain attractive 20 year fixed interest rates, as low as 4.84% based on the January pricing.
SBA's regulations for the 504 refinancing program allow the loans to be structured like traditional 504 loans. With a traditional 504 loan, a bank provides up to 50% of the project cost and holds the first mortgage position. A Certified Development Company (CDC) provides up to 40% of the project cost and takes a secondary position to the bank loan. The small business borrower must either have at least 10% existing equity in the property or must inject equity of at least 10%. The amount of the bank loan must be at least as much as the 504 loan.
There are virtually no restrictions on the bank's loan with respect to structure or pricing. The bank's first mortgage position, at a lowered-low to-value ratio, makes partnering with a CDC on a 504 refinance loan a wise choice. The bank's rates can be fixed or floating. The only stipulation is that the first mortgage holder's loan must be for at least 10 years. The bank utilizes its own underwriting standards and sets its own terms, interest rates and fees.
While there is no maximum project size for a 504 loan, the 504 loan amount is limited to $5 million in most refinance projects just as with the traditional 504 loan. The upper 504 loan limit increases to $5.5 million for eligible manufacturing projects and projects that incorporate energy saving technologies.
The following are some of the primary requirements of the SBA 504 Refinance Loan Program:
...read the rest HERE.
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We LOVE our Members!!
In February, there is a lot of love in the air. We thought we would take this opportunity share our love with a big thank you.
Without our Associate and Affiliate Members, we do not know where we would be. From supporting our educational programs, to sponsoring events, giving IBANYS community bankers their best deals, and filling booths at convention, we want to say THANK YOU!
Please support our Affiliate Members, and our Associate Members. They are here to help you be the best community banker you can be, and may be able to help save money or solve problems in the process. A win-win for everyone!
Thank you for your continued support of IBANYS!
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IBANYS Member Bank one of the Best Places to Work
IBANYS Member Cattaraugus County Bank recently received notification that they are a finalist in Business First's 2012 "Best Places to Work" contest. CCB is among a group of elite Western New York companies that will be featured in a special section of an upcoming issue of Buffalo's Business First newspaper. In addition, Business First is hosting an event to honor finalists and their employees' accomplishments.
CCB employees took a confidential survey and were asked various questions about their workplace. Some of the areas surveyed included Senior Leadership, Managers, Teamwork, Being Valued/Appreciated, Job Enrichment/Career Development and Well Being. After the scores were tallied, CCB was notified of the honor.
"We are so delighted with this ranking," states CCB Human Resources Officer Laurie O'Leary. "We all know most companies have a group of stellar, appreciative employees. What this tells us is that most all of our employees are engaged at work and happy to be here! Our staff is  encouraged to voice ideas for ways to improve and innovate. They adapt well to change and persist at difficult work. It is obvious now to us that CCB employees speak well of our bank to their friends and families and in the end, are likely to stay employed with our organization. As a Human Resource professional, that makes me extremely gratified."
Company ratings are based on the number of employees you have, ranging from micro to jumbo. CCB falls in the medium category (51-100 employees). CCB is one of eleven businesses nominated in the medium category. On March 1st, CCB will find out if they are #1, #2 or #3 in their category. Senior Management at CCB believes in their employees and is certain they'll be at the top of their category!
Check out the story YNN produced about the nomination: Click here
IBANYS wishes Catarraugus County Bank the best of luck in their quest to be the best!
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Upcoming Webinars
Business Account Takeover Alert: What you need to know NOW!
Wednesday, February 22, 2012
3:00 - 4:30pm ET
GFE & HUD-1: Issues and Update Thursday, February 23, 2012 3:00 - 4:30pm ET
IT Security 2012: Regulator Hot Buttons Tuessday, February 28, 2012 3:00 - 4:30pm ET
Understanding Borrowers' Tax Returns, Part 2: Income from Rentals, Royalties, Partnerships, S Corps & Farms Wednesday, February 29, 2012 3:00 - 4:30pm ET
Overdraft Protection Update: Regulations, Lawsuits & Guidance Tuesday, March 6, 2012 3:00 - 4:30pm ET
Commercial Lending Series: Lending to the Small Business Owner/Guarantor in Today's Economy Wednesday, March 7, 2012 3:00 - 4:30pm ET
Accounting/Auditing Series: Troubled Debt Restructuring Issues: The Accountant's Perspective Thursday, March 8, 2012 3:00 - 4:30pm ET Find out more information and sign up for our IBANYS webinars HERE!
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Frank J. Capaldo
President / CEO
Victoria Miller
Director of Administration & Membership
Erin Clark
Director of Communications, Development & Marketing
Dan Valente
Director of Government Relations
William Y. Crowell, III
Legislative Counsel
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