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A helpful banker, is a happy banker.
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Upcoming IBANYS Events | | Board of Directors Conference Call
8/17/12, 10am
39th Annual Convention
Turning Stone Resort, Verona, NY 9/9-11/12
Buffalo Regional Meeting
Lancaster Country Club, Lancaster, NY, 10/17/12
Finger Lakes Regional Meeting
Geneva Ramada Lakefront, Geneva, NY, 10/18/12
Board of Directors Meeting
Syracuse, NY, 12/6/12
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Advertise in CommuNitY
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IBANYS is launching a new magazine, CommuNitY, and we could not be more excited! Set to debut with a July/August issue, this magazine will reach ALL community banks in New York State, all IBANYS Members, New York State elected officials, other state banking associations, and more!
For more information and ad rates/specs, click here!
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 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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It's that time of year again!
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Convention 2012
Turning Stone Resort September
9, 10, & 11, 2012
IBANYS: On the Grow!
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Inside IBANYS
August 8, 2012
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Being Frank: Is there any new Wisdom?
By Frank Capaldo, IBANYS President and CEO
Never give up, never give up, never give up. BY: Churchill
If we go on explaining we shall cease to understand one another. BY: Talleyrand
"The Shema", the first great commandment. FROM: Deuteronomy 6:4; Mark 12:29
Some cause happiness wherever they go; others, whenever they go. BY: Oscar Wilde
If you don't know where you want to go, it doesn't matter what direction you go. BY: Cheshire cat to Alice
Two things are infinite: the universe and human stupidity; and I'm not sure about the universe." BY: Albert Einstein
The only way we are going to beat this thing is to go to congress and be "honey badgers" in our tenacity. BY: Cam Fine
Not until one attends the IBANYS Convention can one truly appreciate the value and feel the power of community banking fellowship! BY: One who seeks new Wisdom!
That last quote is old wisdom, but new because it is a reminder that should ring true for all community bankers in New York. The fact is, all of us know that there is only one time per year when we can join our fellow community bankers in fellowship, learning, sharing and some good fun. Knowing that you might miss that opportunity, is true wisdom!
Please join your fellow community bankers, community bank providers and others for a real treat. Last year we increased attendance by 45%, vendor participation by 90% and had very extensive and diverse educational programs along with some fun and entertainment. More important we all had many opportunities to engage our colleagues.
This year is already on its way to exceeding the records above. If you are like me, and realize the only wisdom you have learned, is how little you know! Then this year has a new wisdom filled agenda that none of us can afford to miss. It includes, keynote speaker and ICBA President and CEO, Cam Fine. In addition, Ben Lawsky, Superintendent of NYSDFS; Dr. Tom Parliament, motivator extraordinaire; Steve Greenberg, Political Commentator/Economist and back by your popular demand, Dr. Tim Mescon with both banking wisdom and humor. The Educational sessions are again timely subject matter with useful take a-ways to help you manage your bank during these trying times; and we have some unannounced surprises to delight even those who have enough wisdom.
See you in Verona, September 9, 10 and 11 and enjoy some old and new wisdom...and maybe some old and new friends!
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Silent Auction shaping up to be best yet!
The PAC Silent Auction reception is always a hit at the Annual Convention, but this year could be our best yet! With amazing donated items coming in daily, we could not be more excited for the auction. Just like last year, the event will be held inside the Exhibit Hall, giving convention attendees time to gather and mingle with vendors and fellow IBANYS members.This format was a hit last year, and we are proud to be offering it again for the 39th Annual Convention!
Why do we have a silent auction?
The PAC Silent Auction benefits the NYSIBPAC. The purpose of New York State Independent Bankers Political Action Committee is to sustain an ongoing program for funding certain necessary state political contributions which cannot be legally met through the regular budget of the Independent Bankers Association of New York State.
A political action committee allows like-minded organizations and individuals the opportunity to pool their resources and to contribute to elected officials whose support is needed to further the PAC's objectives. NYSIBPAC is completely voluntary and is independent of any political party, candidate, or organization.
What kinds of gifts are available at this year's PAC Silent Auction?
- DeWalt Combo Drill/Driver Set
- (4)Yankee Tickets, (4) Mets Tickets
- Buffalo Bills Autographed Football
- Vera Bradley Bag
- American Girl doll w/ additional outfits
- Cobra AMP Driver 10.5 Degree with a dozen Titleist Pro V1x Golf Balls
- Bottle of Finger Lakes Wine & Gift Certificate to Taughannock Farms Inn
There are too many items to list!
How do I donate an item to the PAC Silent Auction?
Donating an item is easy! Just follow the instructions in the Silent Auction brochure, fill out the form, and send!
How do I bid during the PAC Silent Auction?
Each item will be displayed in a booth in the Exhibit Hall, along with a bid sheet. Write your bid on the sheet. If someone comes along and outbids you, bid again until you win! C'mon, it is for a good cause!
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IBANYS welcomes new Member Bank!
 IBANYS is happy to announce that the Bank of Utica has joined as our newest member! Bank of Utica was founded by John J. Sinnott in 1927. Currently, the bank is operated by third generation banker Tom Sinnott, as well as his son, Barry Sinnott. The Bank of Utica is the largest bank in the Greater Utica/Oneida County area in terms of deposits.
Please help us in welcoming the Bank of Utica to the IBANYS family!
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When Will Rates Ever Rise?
Recent FOMC statements may give us a clue
By Jim Reber, President & CEO, ICBA Securities
Seems like every time another economic wag starts prognosticating on the "go" date for a real, live, interest rate rally, the date has been pushed backwards by another month, quarter, year. Or even years.
Let's give the Federal Open Market Committee (FOMC) its due in this debate. The FOMC, which actually sets the target rate for Fed Funds, was helpful enough at its January meeting to announce that it expects to maintain "exceptionally low levels for the federal funds rate  at least through late 2014." And with that, the bond market rallied hard, with the benchmark 10-year Treasury note falling in yield by 26 basis points in just 5 trading days.
What this illustrates is that it is possible to move the bond market through words, and not just actions. Fixed-income investors cling breathlessly to FOMC and individual Fed Governor comments, and are most assuredly going to do so again whenever it is that rates are poised to rise. The fact we will be starting near zero makes the stakes that much higher.
Inflation vs. yields
It's almost an axiom that higher inflation leads to...
...read the rest here.
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IBANYS supports Basel III extension
IBANYS joins ICBA in their quest to grant the extension of the Basel III comment period. The body of the letters sent to the OCC, FDIC, and Federal Reserve contained the following:
On behalf of the Independent Bankers Association of New York State, I am writing to request a 90-day extension of the Basel III comment period currently due to end Thursday, September 7, 2012.
We strongly believe there are sound reasons for extending the comment period, which would allow community banks sufficient time to properly study the complexities of proposal, consider and assess its impact, and decide how it would directly affect their institutions' risk based capital ratios.
The proposed new risk weights for residential mortgages are extremely complex and would require the use of loan-to-value ratios. Community banks must have the necessary amount of time to determine these LTVs and risk weights before they can accurately determine the proposal's impact on their mortgage portfolios.
Lastly, under the proposal, the calculation of both Tier 1 capital and common equity Tier 1 capital will require many new adjustments and deductions, including the addition of accumulated other comprehensive income (AOCI). We encourage regulators to provide a "calculator" so community banks could determine the impact of the Basel III proposal.
For these reasons, we respectfully urge that the comment period be extended for 90 days beyond the current September 7, 2012 expiration date.
Thank you for your consideration.
To show your support extension of the Basel III comment period, please sign the petition HERE!
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Frank J. Capaldo
President / CEO
Victoria Miller
Director of Administration & Membership
Erin Clark
Director of Communications, Development & Marketing
Steve Rice
Director of Government Relations, Policy & Services Development
William Y. Crowell, III
Legislative Counsel
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