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Contribute $100 or more to your state PAC and 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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In This Edition:
- 40th Annual Convention August 25-27, Buffalo: Program Details & Registration Now Available
- Last Call For Tuesday's Directors Conference
- First Quarter Data On N.Y. Community Banks
- Session Ending In Albany
- A Special Time For Bo Singh & TGschwender
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New Data On NY Community Banks In 1st Quarter
The new set of customized data provided to IBANYS by Veribanc, Inc. includes a profile of New York community banks during the first quarter of 2013, and comparisons of their performance in key categories vis-a-vis all banks in New York State, and all banks nationally. The report shows that N.Y. community banks' continued their strong performance in small business loans and small agricultural loans. Those loans represented a higher percentage of community banks' total loan portfolios than at the other financial institutions. The data also details performances in such areas as consumer lending, 1-to-4 family mortgage lending, home equity loans and lines of credit, and savings deposits. Click here for the full report with charts.
HAVE YOU MARKED YOUR CALENDAR AND RESERVED THE DATES FOR IBANYS 40TH ANNUAL CONVENTION
AUGUST 25-27?
IBANYS' 40th Annual Convention is heading to the Grand Hyatt Regency in Buffalo, New York, August 25-27, 2013 and we want you to join us. This year's convention offers terrific opportunities to network, outstanding educational sessions, silent auction, golf and many other events. You won't want to miss this opportunity to meet new friends and to network with colleagues and industry leaders. There is something for everyone!
Industry leaders will present the following educational topics:
- Shift Happens: Strategy & Innovation in a Complex Market Place
- Preparing for the Impact of Regulatory Changes on Capital Actions
- Got Fraud?
- Bank Counsels and Regulators Panel
- "Don't Get Caught with Your Derivatives Down"...Practical Uses of Interest Rate Derivatives to Manage Interest Rate Risk
- Be Careful What You Wish For: Preparing for Higher Rates
- How to Build & Retain a High Performing Bank Board
- The Future of Social Media: Social Media Marketing & Compliance
- An Entrepreneurial Approach to Community Banking
- Relationship Management: Getting Back to What Works
- Economic and Demographic Trends
- The Investment Portfolio: What's Ahead for Our Industry
- Cyber Security: Top Technology Dangers-Cyber Attacks to Expect in the Future
- Asset Liability Management & Enterprise Risk Management
Join us on opening night, Sunday, August 25 for cocktails and dinner with keynote speaker, New York's own John H. Burhrmaster (1st National Bank of Scotia), Chairman-Elect, ICBA. Monday, August 26 is a full day of educational sessions, opportunities to visit with our Associate Members & Preferred Providers in the exhibitor hall, cocktail reception and silent auction to benefit PAC, and banquet dinner at the beautiful Statler Hotel. Our keynote speaker Dr. Benjamin Carson, Sr. will present "America the Beautiful: Rediscovering What Made This Nation Great". Tuesday, August 27 kicks off with breakfast with our Associate & Preferred Providers in exhibit hall followed by concurrent educational sessions. We will wrap the convention up with a lunch and prize drawings.
LAST CALL: IBANYS' Directors Conference Is Tuesday!
Make Sure Your Board Members Are Up-To-Date
Hurry! Last call to register for the Directors Conference scheduled for Tuesday, June 25, 2013 at the DoubleTree Hotel, Syracuse, NY. Keep yourself and your directors current and up-to-date with key issues, trends, and developments directors face each day. Join your 30+ colleagues already registered for this very timely and current meeting. We would like to thank our speakers Steve Miller and Bob Colvin (First Principles Capital Management); Peter Weinstock (Hunton & Williams); Kendrick de Koning (BBW Capital Advisors Consulting Group); Phil Pratt (StrategyCorps); Al Forrester (FiCast Data Corp.); Karl Nelson (KPN Consulting); Jarius DeWalt (Paradigm Asset Management Co.) for providing their expertise, insight and knowledge on the following topics:
- Capital Markets Update - What We Can Expect in 2013
- The Investment Portfolio - Community Banking's Biggest Challenge
- Capital Plans and Raising Capital for Community Banks in Today's Challenging Market
- Mergers & Acquisitions-How Boards Can Prepare for this Upcoming Activity
- Fee Income-How Will We Replace that Which We Have Lost
- Enterprise Risk Management : Managing Risk Throughout the Institution & What Directors Need to Know
- The Committee Process-How the Board Fulfills Its Role
- Ratio-based Strategic Risk Indexing.
Click here for full details and to register today.
In Albany:
2013 Session In Closing Hours
With the 2013 session of the NYS Legislature scheduled to adjourn tomorrow, it appears unlikely Governor Cuomo will get his full agenda through. There's still no deal on his "women's agenda" or on campaign finance reform. The Governor is still pushing his Tax-Free New York plan, casino expansion, and a financial restructuring board for local governments. Key industry issues on the table in the final days have included a new foreclosure bill to expedite foreclosures for vacant and abandoned property; proposals to expand state chartered credit unions' membership, and permit credit unions to accept state funds under a potential credit union deposit program; doubling the amount of funds that banks may hold under the Community Bank Deposit Program from $10 million to $20 million; and many others that IBANYS is actively opposing or supporting. Here is the updated legislative report showing all bills of importance to IBANYS since January, sorted by priority. Once session is complete we will be issuing a final summary.
DiNapoli: Six NY Communities In Serious Financial Trouble
New Siena Poll: Cuomo, Silver Favorability Down
A new Siena Poll found Governor Cuomo and Assembly Speaker Silver at new lows in terms of favorability. Cuomo is still up, 58% favorable to 35% unfavorable. His job performance rating was 50% to 49%. Silver's favorable rating is just 20%, compared to 43% unfavorable.
IBANYS Working Toward Community Bank Exemption
IBANYS is working with the Department of Financial Services to seek an exemption for community banks from Emergency Adoption of Superintendent's Regulation 419, particularly 419.12, "Quarterly Reporting Requirements." A summary of the new Part 419 is available on the Department's web site. Read IBANYS' comment letter here. Meanwhile, the deadline for submitting information under the Regulation has been extended to June 28th.
...AND, IN WASHINGTON
Progress For The Plan For Prosperity
ICBA's Plan for Prosperity-the regulatory relief proposal endorsed by IBANYS-continues to make progress. ICBA's EVP of Congressional Relations and Chief Economist Paul Merski has written an update on which provisions are advancing in Congress. Click here to read the full article.
IBANYS PAC Needs Your Help!
IBANYS needs your help to stay politically effective in Albany on your behalf. IBANYS' 2013 PAC Brochure explains how to support our efforts. Please review the brochure, and return the form along with your contribution to Linda Gregware, NYSIBPAC, Independent Bankers Association of New York State, 19 Dove Street, Suite 101, Albany, New York 12210. Can we count on your support?
IBANYS Webinars: Great Menu, Great Venue --
Your Bank!
IBANYS' webinars offer community bankers quality programs at affordable prices. Your officers, directors & employees can access timely, important educational sessions from their own offices. Our webinar calendar is now updated to reflect June through September programs. Register today!
INDUSTRY INSIGHTS
Interest Rates Up -- Mortgage Demand Down
Interest rates on U.S. home mortgages last week reached their highest level in over a year, cutting demand from potential homeowners. According to the Mortgage Bankers Association, rates climbed 2 basis points to average 4.17 in the week ended June 14, the highest level since March of 2012. Rates have surged for six weeks in a row, partially due to concerns that the Fed could slow its stimulus program sooner than expected. Rates have accelerated by 58 basis points since the start of May.
...But Confidence Is Up Among Home Builders
For the first time in over seven years, the nation's home builders are feeling "solidly confident" about the housing market. A monthly sentiment index from the National Association of Home Builders jumped eight points in June to a reading of 52. Anything above 50 means builders view sales conditions as good.
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This Week, IBANYS' Spotlight Shines On:
...A Happy Anniversary At T. Gschwender & Associates
Bo Singh walking daughter Nicole down the aisle
In April, Bo Singh celebrated a happy milestone - five years as president and owner of T. Gschwender & Associates, a company founded in 1984. While many people know of the banking and OCC experience that lead him to TGA, there was another important part of this journey - a 20-year career in the U.S. Air Force. Bo joined the Air Force at 18 and, following basic training was told his first assignment was to "Rome." Thrilled at the thought of moving to Italy, he soon learned it was actually the small, upstate town of Rome, N.Y. Not to worry, Rome turned out well. It's where he met his wife and where his daughter, Nicole, was born.
The Air Force would later come through with many rewarding assignments, including Texas (great weather), England (great golf) and yes, Italy (great food). Bo credits the Air Force with teaching him important leadership skills along with core values of honesty, integrity and commitment. Being part of an evacuation team in Albania that helped refugees as they traveled to flee Kosovo is one of his proudest Air Force memories.
Last year, Nicole got married and asked her dad to wear his uniform when he gave her away. As you can see from this picture, it was certainly another proud moment.
Now, at TGA, he is committed to growing the company by embracing technology, developing strong partnerships and placing the emphasis on providing high levels of customer satisfaction. Bo would like to thank everyone - clients, colleagues and business associates - for making this a fantastic five years and he looks forward to many more to come!
T. Gschwender & Associates, Inc. is an IBANYS Preferred Provider, and a diversified consulting company that has been providing services to financial institutions since 1984. Clients include small community banks and credit unions with less than $100 million in assets to much larger regional institutions with over $5 billion in assets. They like to describe themselves as a highly sophisticated "Credit Department," able to handle all functions from initial borrower due diligence to collateral liquidation, and everything in between. Their goal is to provide these services in a timely and cost effective manner, allowing clients to tap into resources they would not otherwise be able to employ internally.
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Frank J. Capaldo
President / CEO
Stephen W. Rice
Director of Government Relations & Communications
Linda Gregware
Director of Administration & Membership Services
William Y. Crowell, III
Legislative Counsel
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