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Have You Contributed to NYSIBPAC This Year?
If not...now is the time! We need your help in this statewide election year to support candidates and committees who understand community banks' needs. Can we count on you?
CLICK HERE for our 2016 PAC contribution form. Help support IBANYS' political action efforts in New York State.
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For more information, visit:
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NEWS FROM IBANYS
Trustco Bank Joins The IBANYS Family!
IBANYS is pleased to welcome Trustco Bank as the newest New York community bank to join our membership. Trustco Bank has been the low cost provider of high quality products and services since  opening for business in 1902 in Schenectady, New York. In 2002, the company began a large expansion, opening over 80 new branches in Central Florida, Massachusetts, downstate New York, New Jersey, and Vermont. Today, under the leadership of President and CEO Robert J. McCormick, Trustco Bank has 146 total branch locations, and assets of approximately $4.6 billion. Offering a wide variety of great deposit and loan products, the bank specializes in residential mortgage lending. As of December 31, 2013, Trustco Bank's assets were $4.6 Billion. IBANYS welcomes Trustco to the IBANYS family of New York community banks!
IBANYS' Newest Associate Member:
EscapeWire
Solutions
We also are delighted to welcome our newest IBANYS associate member. EscapeWire Solutions is a managed IT solutions service provider based in Buffalo that has been servicing clients across multiple industries for over 13 years. Under CEO Chris Hart-Nova, EscapeWire has a reputation built on trust, expertise and dedicated customer service. EscapeWire works closely with each client to assure they have a program to meet their IT needs. Visit
www.escapewire.com.
IBANYS 2016 Meetings:
Plan Your Calendars!
IBANYS' 2016 events may be viewed online
at www.ibanys.net under education/upcoming meetings. They provide CPE credits, and offer New York community banks the latest information and tools for profitability and success, feature unique networking opportunities
and afford our preferred providers, partners and associate members valuable sponsorship & exhibiting opportunities.
Here's a brief preview. . .
Regional
Compliance
Conferences
IBANYS will hold Regional Compliance Conferences
March 30 and 31
in Rochester and Albany, respectively. Designed with input from our IBANYS Compliance Peer Group, the sessions will bring together banking regulators, consultants and community bank compliance officers themselves to examine the "hot button" compliance issues and trends of 2016, and to discuss best practices and practical approaches and solutions.
Our speakers will include:
- Deborah Hermann (NBE - NED Compliance Lead Expert, Northeast District, Syracuse Field Office, OCC)
- Kevin Fitterer (Senior Examiner, Federal Reserve Bank)
- Lisa Borio (Supervisory Examiner, New York Territory, FDIC)
- Lon Coon (Senior Compliance Examiner, Syracuse Field Office, FDIC)
- Gerald Gagne (CPA, CISA, Wolf & Company)
- Banker Roundtable moderated by Stephen King (JD, AMLP, Wolf & Company)
The agenda will include:
- Cyber security and risk management
- CRA/fair lending/community development loans
- Flood insurance
- HMDA, BSA/AML
- Complaint management, including portal systems
Regional Bank Directors Conferences
Board members of New York community banks face growing challenges in the aftermath of the latest banking and financial crisis. As the number of community banks have declined nationally, the burdens imposed by federal and state regulations had increased. So too has the cost of doing business and serving our customers and communities. Now, with serious issues related to cyber security, pressure on earnings and the current interest rate environment, banks must ensure their directors, officers and senior management teams are fully informed and prepared to cope with these challenges with the tools and strategies they need to survive and thrive. IBANYS' Regional Directors Conferences will help them do so. Our sessions on
April 13 and April 14
in Rochester & Castleton (Albany) will feature issues, trends and information for the board members of New York community banks.
Our agenda will include:
- Shareholder Sucession: Is This The Way Out Of Consolidation?
- How Banks Should Make The Decision To Buy Or Share
- Making Sense Of A Nonsensical World
- CECL & The New Capital Impacts Facing Community Banks
- Cyber Security: The Challenge Of IT Governance
- Strategic Planning: It All Begins & Ends
- A Question & Answer Session
Our Speakers Include:
- T.W. Shannon (Managing Director, Premier Consulting Partners)
- Heather Archer Eastep (Partner, Hunton & Williams)
- Michael Jameson (Principal, Jameson Associates)
- Randy Rabe (Director, Credit Risk Management)
- Jordan Pike (Director of Security, ncino)
- Karl Nelson (Founder & CEO, KPN Consulting)
CFO/Senior
Management Conference
Our May 9-11 program at The Harbor Hotel in Watkins Glen will include a full program, starting with golf Monday morning at 11:00 a.m. at Corning Country Club. The agenda
has been designed with the input of our IBANYS CFO Peer Group, and is geared for CEOs, Presidents, Senior Managers, CFOs, COOs and Directors of New York community banks. The program will bring together outstanding economists, analysts, consultants and regulators to address a number of important strategic issues and challenges facing our members and our industry. These include risk management, cybersecurity, investment portfolios, public deposits, revenue enhancement, interest rate risk, capital markets -- and much more! In addition, participants will be eligible to earn up to 11 CPE hours (1.0 in taxation).
The conference will include a reception & dinner cruise Tuesday evening on Seneca Lake. We will conclude the meeting with Wednesday morning's final session ending at 10:45 AM.
Please note: Sponsorship opportunities are available.
Here's a quick preview
- Monday Evening Dinner Keynote Address by John Edelen, SVP & Chief Risk Officer, Federal Home Loan Bank of New York
- Economic & Capital Markets Update, by Gary Keith, Chief Economist with M&T Bank
- Deposit Analysis: Crucial Element In Understanding Your IRR Problem, by Al Forrester, CEO, FICAST Data Corp.
- Succession Planning: Developing The Next Generation Of Community Banking Leaders, by Flynt Gallagher, President, Compensation Advisors
- Revenue Enhancement: It's Not What You Think, by Lawrence Pruss, SVP & Revenue Expert, Strategic Resource Management (SRM)
- Historical Tax Credit Deal-Is This Something Our Bank Should Invest In? by Roger Upton, MS Consultants
- Credit Stress Testing: What Examiners Expect, and Steps To Deliver, by Shawn O'Brien, President, Qwickrate
- The New ALLL: A CECL Primer For CFOs, by Peter Brown, Senior Consultant, Sageworks
- Managing Your Investment Process: Best Practices For Assuring Consistency & Success, by Greg Roll, Senior Vice President, Investment Strategies, Vining Sparks
- Public Funds: Enhancing Your Deposit Business In 2016, by Joe Hooker, Managing Director & Kevin Hamilton, Regional Director, Promontory Interfinancial Network
- Bank Cybersecurity: State Of The Threat Landscape, by Alex Hernandez, Vice President, Customer Solutions, Praesidio
- Strategies for Successful Partnership Between Internal Audit, ERM and the Business -- How To Maximize The Value From Your Risk Functions, by Larry Hessney, CIA, CISA, PCI, QSA, Director-Risk 7 Technology Consulting Servixes, Freed Maxick
- We'll also have numerous networking opportunities, refreshment breaks, breakfasts, lunches and dinners.
IBANYS' Second Annual
Lending Conference
Join us June 28-29 at the Woodcliff Hotel & Spa in Fa
irport
(Rochester). The program
will review all aspects of the lending process, with presentations and discussions on loan review, risk, sales, portfolio management and the impact of CECL. Watch for further details on program agenda and registration information.
IBANYS Annual Convention: Oct. 3-5,
The Turning Stone
Our 42nd Annual Convention -- our premier educational meeting and business show of the year -- will be held at The Turning Stone October 3-5. We'll have a  full menu of top notch speakers and presenters, including Steve Greenberg, a veteran political analyst and commentator who will preview the critically important 2016 election for community banks.
We'll also hear from keynote speaker Ray O'Conor. Ray is the former President of Saratoga National Bank & Trust and a former Chairman of IBANYS. He is the author of She Called Him Raymond: A True Story of Love, Loss, Faith and Healing, which is a candidate for  the 2016 Pulitzer Prize for non-fiction.
Ray has also been weekly
newspaper
columnist, Special Agent with the U.S. Department of Defense and U.S. Border Patrol Agent. His presentation will share the story behind his book, provide a look into the true tale of two ordinary people who led extraordinary lives during the most tumultuous of times.
Plus, we'll also hold our business show, silent PAC auction and much more! Watch for program details and sponsorship opportunities.
IBANYS will also participate in ICBA's Washington Policy Summit April 24-27. IBANYS members will meet with Members of our New York Congressional Delegation. Please participate!
Clip & Share
With Your Officers, Directors
&
Senior Management Teams
- March 30, 2016 - Compliance Conference - Rochester, NY
- March 31, 2016 - Compliance Conference - Castleton, NY (Albany)
- April 13, 2016 - Directors Conference - Rochester, NY
- April 14, 2016 - Directors Conference - Castleton, NY (Albany)
- May 9-11, 2016 - CFO/Senior Management Conference - Watkins Glen, NY
- June 28-29, 2016 - Lending Conference - Fairport, NY (Rochester)
- October 3-5, 2016 - 42nd Annual Convention -Turning Stone Resort & Casino, Verona, NY
- October 19, 2016 - Security Conference - Rochester, NY
- October 20, 2016 - Security Conference - Castleton, NY (Albany)
A Reminder: Have You Checked These Out?
In 2015, IBANYS launched two new initiatives, and we encourage you to take advantage of them.
- The "My Wellness Resource Card" offers a low-cost, non-traditional program to help community banks to save time and money. It helps provide on demand health care from U.S. board-certified doctors who provide diagnosis, treatment options and necessary prescriptions via unlimited telephone medical consultations. The My Wellness program offers discounts and significant savings on a variety of medical and dental products, and is designed to improve productivity, decrease absenteeism and boost morale without straining your bottom line. It's an exciting new way for community banks to provide health care benefits, reduce cost and retain employees. For more information, contact Alan Justin, Managing Partner at (716) 907-5500.
- We also joined the "Cure the Blue" effort to raise funds and awareness regarding prostate cancer in New York State. We are partnering with the Buffalo Bills Alumni Foundation, and hope to see a number of IBANYS members participate. Please join us in supporting this worthwhile cause. Visit www.curetheblue.com to get involved!
GOVERNMENT RELATIONS UPDATES
Legislative Activity
-
In the NYS Senate, the Banks Committee
reported
S.5296 (Chair Savino),
which would
extend the NYS DFS required examination interval from once every twelve months to at least once every 18 months for banks with assets up to $1 billion. The legislation passed the Senate last year but was held in the Assembly. The proposal was discussed and recommended by IBANYS Government Relations Committee and is part of our 2016 legislative agenda. We are working with the Assembly to seek support.
- The Senate Banks Committee also reported S.2714 (Griffo)/A.1786 (Lavine), which would establish the felony of bank robbery and increases the penalty for armed robberies.
- In the NYS Assembly, legislation (A.6932A, Weinstein/S.4781A, Klein) was reported by the Codes Committee, the Attorney General's Abandoned Property Neighborhood Relief Act.
- Also reported was A.8347 (Dinowitz--no Senate companion bill), which would require posting the DFS free consumer hotline telephone number.
Budget Negotiations Take Shape
Senate Republicans olan to unveil a tax cut in their one-house budget resolution as the state budget negotiations among the Senate, Assembly and Governor begin to take shape. The Assembly's one-house resolution is expected to include a tax increase on the wealthy. The one-house resolutions are non-binding document providing a sort of blueprint for where exam chamber would like to direct negotiations. The Senate GOP has yet to take a position on the Governor's minimum wage and paid leave proposals, which are both supported by the Assembly. The deadline for approving the budget is April 1.
IN WASHINGTON
ICBA Finalizes 2016 Policy Priorities
ICBA announced its top legislative and regulatory priorities for 2016. They include enacting targeted regulatory relief through its "Plan for Prosperity" platform, reforming the Consumer Financial Protection Bureau (CFPB) and its mortgage regulations, opposing costly new accounting standards, and urging the end of the credit union industry's federal tax subsidy and the abolition of the Farm Credit System.
Treasury Secretary Lew
&
Community Bank Relief
At a Senate Appropriations subcommittee hearing, Senate Banking Committee Member Jerry Moran (R-Kansas) urged Treasury Secretary Lew to narrow his opposition to Senate regulatory regulatory relief efforts to allow community bank-specific policies to advance. Sen. Moran noted his efforts to reach bipartisan support for Senate Banking Chairman Shelby's (R-AL) Financial Regulatory Improvement Act (S.1484).
Hearings Next Week For SEC Nominees
The Senate Banking Committee will hold a
March 15
hearing for President Obama's two nominees for the Securities and Exchange Commission: Lisa Fairfax and Hester Maria Peirce.
ECONOMIC TRENDS & UPDATES
Beige Book Notes On National,
New York Economy
The Federal Reserve's latest "Beige Book" -- its periodic survey of business conditions in the twelve Fed regions -- found moderate gains in most regions. The economy was expanding throughout most of the nation, in January and February, helped by gains in consumer spending and home sales. In the New York region, consumer spending increased slightly, while tourism remained "sluggish", labor markets continued to tighten, manufacturing activity weakened, and service sector firms reported some recent contraction.
In other updates on the economy:
- According to the National Federation of Independent Business, small business optimism declined in February, falling to a two-year low. The NFIB's Index of Small Business Optimism fell one point, down from 92.9 amid weaker spending and hiring plans and low sales expectations.
- The federal reserve reports that consumer credit slowed in January, as credit card spending declined. Total consumer credit rose 3.6%, down from the 7.3% increase in December 2015. Revolving credit (including credit card spending) was down 1.3%, and non-revolving credit (including auto and student loans) was up 3.8%
IBANYS Webinars Provide
Bottom Line Value!
Community bankers are facing significant challenges. Bank officers, board members and employees know their responsibilities and potential liabilities are not about to diminish. Is YOUR bank doing everything possible to provide the type of information and tools necessary to prepare for the future?
IBANYS' webinars are specifically designed to meet the needs of community banks. They are effective -- and, cost-effective. Your officers, directors and employees are able to participate directly from their offices.
There's a reason
why your industry and association peers are signing up in growing numbers...and why participation in IBANYS webinars has expanded dramatically over the past eighteen months.
Review
all
our upcoming
programs by clicking the link below:
https://ibanys.fed.financialedinc.com/store/webinar
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IBANYS SPOTLIGHTS:
Jamesson Associates. . .
Michael Jamesson has over thirty years of experience in banking and related fields. His experience spans the full range of banking institutions from community, thrift, and metropolitan regional banks to regional and super-regional bank holding companies. Since founding Jamesson Associates in 1991, he has focused his efforts on financial advisory services for community banks and thrifts. He has been published in the national trade press, and is a frequent speaker at IBANYS seminars on market-related issues for community institutions.
His successful projects and activities include:
Organizing and moderating strategic planning processes for community-oriented financial institutions.
- Asset/Liability Management
Full range of services --- process analysis and design, Policy design, and report review and recommendation.
Branch/bank subsidiary purchases and/or divestitures, community-oriented bank stock offerings/repurchases, and merger of equals.
For additional information, call
(585) 889-8090,
visit www.jamessonassociates.com or e-mail
[email protected].
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DID YOU KNOW. . .
...that "
The Beige Book
," known as such originally for its beige
cover, is officially entitled "Summary of Commentary on Current Economic Conditions by Federal Reserve
District?" It is produced by Reserve
Bank staff and released to the public approximately two weeks prior to each regularly scheduled FOMC meeting. The Beige Book gained prominence as an economic indicator in 1985 when former Dow Jones reporter Paul Cox requested to see the report, leading competing journalists to seek access to it the following month.
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| New York community banks play a key role in our state and local economies. Help spread the good news among your customers, business and elected leaders and media! |
| Click here for quotes from Governor Cuomo and DFS Superintendent Lawsky extolling the performance and value of New York community banks. |
| Click here for the full NYS Study on community banking. |
| Click here to read IBANYS President & CEO John Witkowski's comments on the new tax changes and benefits for New York community banks as approved in the 2014-15 State Budget. Click here for IBANYS' letter to the Editor of Consumer Reports Magazine correcting failure to mention community banks as an alternative to using "big banks." _________________________________ |
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John J. Witkowski
President and Chief Executive Officer
Stephen W. Rice
Director of Government Relations and Communications
Linda Gregware
Director of Administration and Membership Services
William Y. Crowell, III
Legislative Counsel
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