 The
Franklin Club | |
Contribute $100 or more to the our state PAC, you will become a member of the Franklin Club.
Everyone receives a Franklin Club lapel pin and recognition at IBANYS events. We're also adding a part of www.ibanys.net dedicated to Franklin Club members.
Click the link below.
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Upcoming IBANYS Events | |
5/3/12 - Security Conference, Albany
5/14/12 - DFS Community Bankers Forum, Syracuse
5/17-18/12 - CFO Conference, Otesaga Resort, Cooperstown
6/7/12 - Directors Conference, Syracuse
7/12-13/12 - Board Meeting, Western NY Golf Outing & Dinner, PAC Fundraiser, Buffalo
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Click HERE to see all the upcoming IBANYS events!
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Inside IBANYS
April 25, 2012
New York State Community Banking Week!
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IBANYS attends ICBA
Washington Policy Summit this week
New York State is well represented this year at the 2012 ICBA Washington Policy Summit, which is happening through Thursday in our nation's capital. IBANYS is represented by President and CEO Frank Capaldo; Director of Communications, Development, & Marketing Erin Clark, and board of directors members Sal Marranca of Cattaraugus County Bank; John Buhrmaster of 1st National Bank of Scotia; Bob Fisher of Tioga State Bank; and Eileen Bagnoli of Pioneer Bank.
The IBANYS schedule is packed, with visits with the offices of Senator Charles Schumer and Senator Kirsten Gillibrand, as well as Congressmen Chris Gibson (NY-20), Richard Hanna (NY-24), Paul Tonko (NY-21), and Bill Owens (NY-23).
Top issues in these candid and frank discussions with state leaders include the credit unions' push to double the cap on member business lending; advancing the Communities First Act (H.R. 1697); safety and soundness exam issues, including the examiners requirement of capital levels higher than present standards; and protecting the interests of community bankers under the CFPB.
While the hope was for a greater contingent of New York community bankers at this year's WPS, the group here is working diligently for our industry. Our battle in Washington may never be over, but as a group we can remain strong to fight for the livelihood of our people and our business. We want ALL of our members on the hill next year!
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New York State Community Banking Week
is here!
By a Senate Resolution proposed by Senator Joseph Griffo, Governor Cuomo proclaimed April 23-27, 2012 as Community Banking Week in New York State. Please read the resolution below from the Senate. And celebrate!
Senate Resolution No. 3463
BY: Senator GRIFFO MEMORIALIZING Governor Andrew M. Cuomo to proclaim April 23-27, 2012, as Community Bank Week in the State of New YorkWHEREAS, New York's community banks constitute an important part of the financial services industry, and are vital to the prosperity and vibrancy of their communities; and WHEREAS, Community banks participate in the economic, civic, and cultural life of the communities which they serve; and WHEREAS, Community banks are focused on small business lending and providing access to credit to small businesses; and WHEREAS, Community banks generate a substantial number of small business loans in their communities with both conventional and Small Business Administration loans; and WHEREAS, Small businesses are a crucial element in the growth and success of the economy in New York State, and community banks are important contributors to the success of small businesses; and WHEREAS, Although community banks have decreased in their numbers, they remain dedicated to serving the needs of their communities, not only with financial services but, most importantly, through participation in community-based activities; and WHEREAS, It is the sense of this Legislative Body to recognize that community banks are a critical element to the economy of this great Empire State; now, therefore, be it RESOLVED, That this Legislative Body pause in its deliberations to memorialize Governor Andrew M. Cuomo to proclaim April 23-27, 2012, as Community Bank Week in the State of New York; and be it further RESOLVED, That a copy of this Resolution, suitably engrossed, be transmitted to The Honorable Andrew M. Cuomo, Governor of the State of New York.
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Register today: Security Conference, CFO/Sr. Management Conference
IBANYS would like to invite you to join us for a special full-day Security Conference on Tuesday, May 1 in Albany. The day includes four  informative sessions on bank robbery, elder fraud, social media attacks, and social engineering.
The Security Conference is less than $300 for both members and non-members, and is perfect for a variety of staff, including IT personnel, Branch Managers, Security Officers and more. Costs include all programs, meals, materials, etc.
For more information or to register for the Security Conference, click here.
Did you know: Components of this program meet or surpass the requirements of the Bank Protection Act of 1968 and implementing regulation 12 CFR Park 362. A certificate of training will be sent to all program participants.
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Please plan to join IBANYS for our annual CFO/Senior Management Conference, May 17-18 at the Otesaga Resort in beautiful Cooperstown, NY! The two-day event kicks off with optional golf on Thursday morning. After lunch, the joint and concurrent sessions begin, until a welcome reception to end the day. Friday  starts off the right way (with breakfast!) then joint and concurrent sessions until afternoon dismissal.
This conference is a must for CEOs, CFOs, COOs, Risk Managers, and more. Costs include all materials, speakers, sessions, breaks, and meals. You will find more information in the attached brochure. Do not miss this opportunity to see world-class speakers and get the latest educational tools for your business. We cannot wait to see you there!
For more information or to register for the CFO/Sr. Management Conference, click here.
Thanks to our CFO sponsors: Atlantic Central Bankers Bank, Bankers' Bank Northeast, Federal Home Loan Bank of New York, PNC Bank, M&T Bank, Roosevelt & Cross
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FDIC: Volcker Rule conformance period clarified
The Federal Reserve Board on Thursday announced its approval of a statement clarifying that an entity covered by section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the so-called Volcker Rule, has the full two-year period provided by the statute to fully conform its activities and investments, unless the Board extends the conformance period. Section 619 generally requires banking entities to conform their activities and investments to the prohibitions and restrictions included in the statute on proprietary trading activities and on hedge fund and private equity fund activities and investments.
Section 619 required the Board to adopt rules governing the conformance periods for activities and investments restricted by that section, which the Board did on February 9, 2011. Subsequently, the Board received a number of requests for clarification of the manner in which this conformance period would apply and how the prohibitions will be enforced. The Board is issuing this statement to address this question.
The Board's conformance rule provides entities covered by section 619 of the Dodd-Frank Act a period of two years after the statutory effective date, which would be until July 21, 2014, to fully conform their activities and investments to the requirements of section 619 of the Dodd-Frank Act and any implementing rules adopted in final under that section, unless that period is extended by the Board.
The Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, and the Commodity Futures Trading Commission (the agencies) plan to administer their oversight of banking entities under their respective jurisdictions in accordance with the Board's conformance rule and the attached statement. The agencies have invited public comment on a proposal to implement the Volcker rule, but have not adopted a final rule.
For more information, click here.
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Fine Points: Insurance for the Recovery
By Camden Fine, President and CEO of ICBA
Since the "Great Recession" began, Congress has urged community banks to keep up their vital lending to small businesses to help spur America's economic recovery. Throughout these difficult and uncertain times, community banks have stepped up to the challenge. To this day, community banks still provide more than 60 percent of all startup and small-business loans.
As you know firsthand, local deposits provide the essential funding fuel  for lending on Main Street America, and the country's transaction account guarantee deposits stand at more than $1.4 trillion. Just the possibility that major deposits could rapidly drain off to the shelter of too-big-to-fail institutions would make small-business lending more difficult for community banks-something nobody in Congress wants.
For Washington policymakers and the rest of America, achieving a full and sustained economic recovery remains job one. Fortunately, our economy is showing the first glimmerings of a turnaround, but the progress is...
...read the rest here.
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Upcoming IBANYS Webinars
Accounting/Auditing Series: Auditing Capital Records: Are Your Bank's Squeaky Clean? Thursday, April 26, 2012 3:00 - 4:30pm ET Learn more here!
Minor Accounts: Legal Ownership, Debit Cards & Access Thursday, May 3, 2012 3:00 - 4:30pm ET Learn more here!
The New SAR & Your AML Program: Joint Filings, Suspects & Detailed Transaction Requirements: Effective July 1, 2012 Friday, May 4, 2012 11:00am - 12:30pm ET Learn more here!
FDIC Records & Related Email Retention Rules Tuesday, May 8, 2012 3:00 - 4:30pm ET Learn more here!
Lender Alert: Regulation Z Mortgage Application Timing RequirementsThursday, May 10, 2012 3:00 - 4:30pm ET Learn more here!To learn more about the IBANYS Webinar series, or to register for any of the webinars, click here: |
Small Banks Get a Freer Hand
By Robin Sidel, April 23, 2012, The Wall Street Journal
Jim Stein no longer has to worry when one of his shareholders dies or gets divorced.
As chief executive of Bank of Houston, Mr. Stein used to fret about tripping a regulation that required the community bank to register with the Securities and Exchange Commission if it has more than 500 shareholders. The bank, a unit of BOH Holdings Inc., carefully maintained its shareholder count at 350 because it wanted to avoid the cost and hassle of registering. But the level was always at risk of rising.
"One shareholder could turn into four through unexpected consequences," Mr. Stein said.
Bank of Houston CEO Jim Stein, right, said the new rule to reduce the regulatory burden on small banks 'will create opportunities for us that didn't exist before.' Pictured, he chats with a customer at a branch this month.
Now, Mr. Stein and other small-bank CEOs can stop counting shareholders as closely and turning potential investors away at the door. The JOBS Act signed into law this month includes a provision that raises the number of shareholders at which small banks must register with the SEC to 2,000. The JOBS Act aims to increase jobs by reducing regulations on companies.
The change means that small banks are free to raise capital by attracting new investors without taking on regulatory burdens that are associated with the SEC filings. It also could breathe some new life into bank mergers and acquisitions, which last year stood at the second-lowest level since 1980.
"This will create opportunities for us that didn't exist before," said Mr. Stein. The 7-year-old bank, which has six branches, wants to expand in the Houston area and potentially find a merger partner.
The new rule comes at a time when community institutions are struggling to stay profitable in a period of low interest rates, stagnant lending and rising compliance costs from other new regulations. Returns on assets at institutions with $1 billion or less in assets was a third less than the industry average in 2011, according to the Federal Deposit Insurance Corp.
The move potentially could affect hundreds of community banks around the country. Just 16% of the nation's roughly 7,400 banks and thrifts are publicly traded, according to research firm SNL Financial. Many of those are...
....read the rest of the article here.
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Frank J. Capaldo
President / CEO
Victoria Miller
Director of Administration & Membership
Erin Clark
Director of Communications, Development & Marketing
William Y. Crowell, III
Legislative Counsel
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