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Upcoming IBANYS Events | |
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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 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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Less than a month away!
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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 22, 2012
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Convention Update: Brewery Tour sure to please all
We hope you can join us on Monday during convention for a great treat, a trip to the nearby Saranac Brewery! The beautiful, historic brewery, founded in 1888, is located in Utica, NY. This very "hands-on" tour will help you to become a more discerning beer lover; with a visit to the 1888 Tavern to sample the beer and try out your new skills.
Those joining us on the tour will have a boxed lunch provided for them on the bus, and there might even be a surprise or two along the way.
What: Saranac Brewery Tour, Utica, NY
When: Monday, September 10, 2012 - 12:15 p.m.
Where: Bus departs from the main lobby area
Cost: $25, reservations must be made in advance
See you there!
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IBANYS welcomes new Member Bank!
IBANYS would like to welcome the newest member of our community banking family, Seneca Federal Savings! The bank is mutually owned by members, and lending decisions are made locally. They have served their Central New York community for 84 years. President and CEO Katrina Russo says that Seneca Federal has been fortunate to have a dedicated staff of employees and officers, who understand the importance of knowing their customers and providing them with the best possible service.
Please join IBANYS in welcoming Seneca Federal Savings!
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Found money: Nothing to lose
By IBANYS President & CEO Frank Capaldo
As I understand ed-PRINT, it takes a look at current laser jet strategies, costs and procedures. The goal is to educate how through outsourcing laser jet printer management YOU can relieve internal resources from day to day low level printer issues while at the same time significantly reducing both hard and soft cost .
If correct, there is no downside to this solution. Printers are proactively cared for, costs become 100% transparent and the associated expenses on average drop 10-30% hard cost with zero investment. Currently, Oneida Savings Bank and Adirondack Bank both utilize and benefit from ed-PRINT.
An analogy to consider would be a person mows their own lawn today with gas costing $5.00 to do so. This person gets an offer to have it mowed for them including weekly trimming and weeding for $4.00. Unless you love mowing your lawn why would you not have this done?
Read more about this unique service in the attached article and give Paul Zobel a call for a free review. Nothing to lose and everything to gain.
Nothing to Lose
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From the Top: Our Next Generation
By Camden Fine, ICBA President and CEO
Call them community banking's whiz kids. They're energetic, smartand conscientious. They're knowledgeable and mature beyond their young years. And just as reassuring, they see a bright future for themselves and for our industry.
Meet the next generation of community bankers: Sarah Getzlaff, 30, Cameron Ohlendorf, 22, and Bobby Field, 17.
In talking with these three young people, each living out a different stage of early adulthood, you encounter the brimming can-do mindsets and creative talents of the upcoming generation preparing to take over. Our industry is in good hands. And perhaps most promising, through these three young people's eyes, with outlooks grounded by firsthand memories of the financial crisis, being a community banker still looks full of professional promise.
 These young people are neither intimidated by technology nor slaves to it. For them, effectively managing and adapting to technology will be essential for community banks' ongoing success. But technology is also a means to a greater end, each of them agrees. Helping people matters most to them, an ideal that motivates all their professional goals. More than anything, they want and plan to make a difference in the lives of others and for their communities, to help make others' dreams come true... ...read the rest here.
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FDIC: Agencies Issue Proposed Rule on Appraisals for Higher-Risk Mortgages
Six federal financial regulatory agencies last week issued a proposed rule to establish new appraisal requirements for "higher-risk mortgage loans." The proposed rule would implement amendments to the Truth in Lending Act enacted by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Under the Dodd-Frank Act, mortgage loans are higher-risk if they are secured by a consumer's home and have interest rates above a certain threshold.
For higher-risk mortgage loans, the proposed rule would require creditors to use a licensed or certified appraiser who prepares a written report based on a physical inspection of the interior of the property. The proposed rule also would require creditors to disclose to applicants information about the purpose of the appraisal and provide consumers with a free copy of any appraisal report.
Creditors would have to obtain an additional appraisal at no cost to the consumer for a home-purchase higher-risk mortgage loan if the seller acquired the property for a lower price during the past six months. This requirement would address fraudulent property flipping by seeking to ensure that the value of the property being used as collateral for the loan legitimately increased.
The proposed rule is being issued by the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the Federal Housing Finance Agency, the National Credit Union Administration, and the Office of the Comptroller of the Currency.
The Federal Register notice is linked below. The agencies are seeking comments from the public on all aspects of the proposal. The public will have 60 days, or until October 15, 2012, to review and comment on most of the proposal. However, comments related to the proposed Paperwork Reduction Act analysis will be due 60 days after the rule is published in the Federal Register. Publication of the proposal in the Federal Register is expected shortly.
Learn more 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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