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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
IMPORTANT:
IBANYS Room Block For CFO/Senior Management Conference Expires
THIS FRIDAY, April 15
Are you planning to attend IBANYS' May 9-11 CFO/Senior Management Conference? Please note
: A block of rooms have been reserved at the Harbor Hotel in Watkins Glen. Reservations can be made by contacting the Harbor Hotel Watkins Glen directly at (607) 535-6116. Refer to group: Independent Bankers Association of NYS: CFO/Sr. Management Conference. Our room block cut-off is Friday, April 15. We cannot guarantee room availability and pricing after this date.
Single/Double rate: $159 ++village view/$179++ lake view.
We strongly recommend you make your hotel reservations early. Rooms will sell out; we cannot guarantee availability and pricing after this date. Any
cancellations must be made seven days prior to arrival. Don't delay: Make your room reservations today!
Join Us For These Key Meetings
In Washington, D.C.
IBANYS Members: Have you registered with ICBA for next month's Washington Policy Summit (Sunday evening, April 24 - Wednesday morning, April 27)? This is the one time all year for New York community banks to meet with our U.S.  Senators and Representatives in their offices "on the hill." Senator Schumer is a key member of Senate leadership, and a member of the Senate Banking and Senate Finance Committees. We'll also meet with key senior members of the House Financial Services Committee such as Rep. Peter King (R-L.I.) and Rep. Rep. Carolyn Maloney (D-NYC). We'll also hear from
FDIC Chairman Martin Gruenberg;
Office of the Comptroller of the Currency Comptroller Thomas Curry;
Consumer Financial Protection Bureau Director Richard Cordray;
U.S. Small Business Administrator Maria Contreras-Sweet;
Senate Banking Committee Member (and strong community banking supporter) Jerry Moran (R-KS);
Federal Reserve Board Associate  Director/Banking Supervision & Regulation Kevin Bertsch, and Managing Counsel of Supervisory Policy & Outreach/ Division of Consumer and Consumer Affairs Amy Henderson; P
olitical analyst Larry Sabato, Director of University of Virginia Center for Politics.
IBANYS is now scheduling our meetings with members of the New York Congressional Delegation, including key senior members of the Financial Services Committee.
We will be advocating for community bank priorities and issues, including regulatory relief through ICBA's "Plan for Prosperity" which
IBANYS supports; reform of the Consumer Financial Protection Bureau (CFPB) and its mortgage regulations; opposition to costly new accounting standards, and elimination of the credit union industry's federal tax subsidy and the abolition of the Farm Credit System. Please join us and make your voice heard in Washington on vital issues and priorities for community banks.
UPCOMING IBANYS EDUCATIONAL PROGRAMS
IBANYS Programs Designed For
New York Community Banks
One of the most important functions IBANYS provides to our members is education. Through our conferences, seminars, webinars and publications, we hope to keep you informed and up-to-date on the important trends, developments and activities impacting New York community banks.
We held our Regional Compliance Conferences last week in Rochester and the Capital District, and we're holding Regional Bank Directors Conferences this week in the same locations. In the weeks and months to come, we will hold our CFO/Senior Management Conference in May, our Lending Conference in June, and then -- in October -- our Annual Convention and Regional Security Conferences.
We also offer a full menu of webinars designed specifically to meet the needs of community banks (see our link later in this newsletter), and offer select webinars by outside experts. We thank our member banks, who work closely with staff to develop program content both timely and relevant: To their institutions, and our industry.
IBANYS' 2016 events may be viewed online
at www.ibanys.net under education/upcoming meetings. We provide CPE credits, and offer New York community banks the latest information and tools for profitability and success. Our preferred provider partners and associate members enjoy unique opportunities for networking,
sponsorship & exhibiting opportunities.
CFO/Senior
Management Conference
May 9-11 at the Harbor Hotel,
Watkins Glen, NY
Developed with input from our IBANYS' CFO Peer Group, the agenda reflects key topics, issues & challenges important to our industry. CEOs, CFOs, COOs,
Presidents, Senior Managers, Bank Directors and ALCO teams should plan attend. The program was designed to help community banks gauge the potential impact of higher interest rates, prepare for the final guidance on the FASB's current expected credit loss model, change the culture surrounding enterprise risk management and gain insights on how to approach key strategic issues including cyber security, credit stress testing, and succession planning.
Participants can earn up to 11 CPE hours (1.0 in taxation). We'll have g
olf, networking opportunities during breakfast, lunch, cocktail receptions and dinners -- including a reception/dinner cruise on Seneca Lake. This is also a chance for our associate members & preferred providers
to sponsor an event, and be recognized throughout the event. Please click on links below with details on the program, registration and sponsorship.
A block of rooms is reserved at the Harbor Hotel Watkins Glen. Cut-off date is this Friday, April 15.
C
ancellations must be made seven days prior to arrival.
The Program Will Feature:
- 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 have networking opportunities at refreshment breaks, breakfasts, lunches and dinners.
Thanks our sponsors, endorsed providers & affiliates for their continued support, at this conference and throughout the year!
- Federal Home Loan Bank of NY - Dinner Cruise
- FTN Financial - Cocktail hour (Tuesday)
- CEIS - Dinner Wine (Tuesday)
- Pentegra Retirement Serves - Closest-to-the-Pin & Longest Drive
Continuity
Pentegra Retirement Services
Promentory Interfinancial Network
T.Gschwender & Associates, Inc.
Travelers
Wolf & Company, P.C.
ICBA
ICBA Securities
Annual Lending Conference
Join us June 28-29 at the Woodcliff Hotel & Spa in Fa
irport
(Rochester) for our Second Annual Lending Conference, which is co-sponsored by T.Gschwender & Associates. Who should attend? Loan Officers, Mortgage Officers, Consumer Lending Officers, Commercial Lending Officers, Credit Officers, CFOs and other members of the bank's management team involved in there credit and lending process. 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.
Presentations will include:
-
Outlook for Credit & Bank Profitability,
with Chris Nichols, Chief Strategy Officer, CenterState Bank
- Credit Stress Testing: What Examiners Expect, and Steps To Deliver, with Shawn O'Brien, President, QwickRate
- The New ALLL -- A CECL Primer For Lenders, with Emily Bogan, Director of Consulting, Sageworks
- The Loan Portfolio Dilemma: Funding Fixed Rate Products, with a representative from the Federal Home Loan Bank of New York
- Mortgage Pipeline Management Best Practices, with Robert Perry, Managing Director of ALM First
- The Role Of Risk Tolerance and Risk Culture In Managing Portfolio Credit Risk, with David Ruffin, Co-Founder & Managing Partner, Credit Risk Management Analytics
- Friend Or Foe: The Rise Of Peer Lenders & What It Means For Banks, with Armistead Boyd, VP of Product Marketing, nCino
- Managing Credit Risk, with Bharpur "Bo" Singh, President & Owner, T.Gschwender & Associates
- The Loan Participation Puzzle: The Key To Diversification, with Lori Betting, Executive Vice President, Alliance Partners
- Navigating The Headwinds Of Change: Lessons Learned From The Great Recession, with Karl Nelson, Founder & CEO, KPN Consulting
Watch for additional updates on speakers, further details on program agenda and registration information.
IBANYS Annual Convention:
Oct. 3-5,
The Turning Stone
IBANYS' 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. With every member of the New York State Legislature and New York Congressional Delegation up for election, and control of the State Senate expected to be hotly contested, it will be a timely presentation.
We'll also hear from keynote speaker
Ray O'Conor
. Ray is a former President of Saratoga National Bank & Trust and former IBANYS Chairman. He is the author of
She Called Him Raymond: A True Story of Love, Loss, Faith and Healing --
a candidate for the 2016 Pulitzer Prize for non-fiction.
Ray has also  been a 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, and 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 Members: Check Out These
IBANYS Initiatives!
IBANYS has introduced exciting new initiatives to benefit member banks, We encourage you to take full 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 Update
- On the Assembly Banks Committee agenda this week is A.9480 (Jean-Pierre)/S.7184 (Savino) would extend the State Banking Development District program through 2023.
- Also on the agenda is A.4981A (Robinson)/ S. 794A (Breslin), which would require financial institutions which may nation checking accounts for customers to pay checks in the order received within the account balance.
The State Legislature is now in recess until Tuesday, May 3.
IN WASHINGTON
Megabank Capital Far Short
Of Community Banks
FDIC Vice Chairman Thomas Hoenig reports that the largest regional and community banks have higher tangible capital ratios than the largest financial institutions. The 10 largest banks under $1 billion in assets have an average leverage ratio of 9.76% as of 12/31/15, while the 10 largest banks under $50 billion came in at 8.31%.x
House Action On Small Bank
Holding Company Bill
The House Rules Committee is expected to vote this week on legislation (supported by community banks) that would raise the consolidated assets threshold under the Small Bank Holding Company Policy Statement to $5 billion in assets from the current $1 billion. It would make it easier for small bank and thrift holding companies to raise capital by issuing debt. The bill was approved late last year by the House Financial Services Committee.
INDUSTRY INSIGHTS
FDIC Had Data Breach In February
The Washington Post reported data for 44,000 Federal Deposit Insurance Corp. customers was breached in February by an employee leaving the agency.
The breach was outlined in an internal FDIC  memorandum obtained by the newspaper. The March 18 memo from Lawrence Gross Jr., FDIC's chief information officer and chief privacy officer, to FDIC Chairman Martin Gruenberg said the data were downloaded to a personal storage device "inadvertently and without malicious intent. . . .
The FDIC's investigation does not indicate that any sensitive information has been disseminated or compromised." Meanwhile, the White House announced a "Cybersecurity National Action Plan" to upgrade the government's aging infrastructure. It includes "a $3.1 billion Information Technology Modernization Fund (ITMF) to further improve the nation's cybersecurity and retire, replace, and modernize the Federal Government's information technology (IT) legacy systems."
Regulators: Five Of Eight Big Banks Don't Have Acceptable "Living Wills"
Five out of eight of the biggest U.S. banks do not have credible plans for winding down operations during a crisis without the help of public money, federal regulators said on Wednesday. They added the institutions could face stricter oversight if they do not fix their plans.
The "living wills" that the Federal Reserve and Federal Deposit Insurance Corporation jointly agreed were not credible came from
Bank of America
,
Bank of New York Mellon
,
JPMorgan Chase
,
State Street
,
Wells Fargo
.
The requirement for a living will was part of the
Dodd-Frank legislation.
Small Business Confidence Down
U.S. small business confidence fell to a two-year low in March, reflecting concerns about sales and profits.
The National Federation of Independent Business (NFIB) said Tuesday its small business optimism index dipped 0.3 point to a reading of 92.6 last month, the lowest since February 2014.
It has declined from a reading of 100 in December 2014.
IBANYS Webinars: Specifically Designed For Community Banks
New York's community banks cope with a wide array of challenges. Your bank's officers, board members and employees know their responsibilities and potential liabilities are not about to diminish. Are you doing everything you can to ensure that they have access to the very latest information and tools they need to meet their responsibilities, and to properly prepare the bank for the future? One way to do so is by signing them up for
IBANYS' webinars. Our programs are specifically designed to meet the needs of community banks, and are both effective -- and, cost-effective. Your bank's officers, directors and employees can participate directly from their offices.
There's a good reason
why a rapidly growing number of your industry and association peers are taking advantage of these webinars.
Review our upcoming programs by clicking the link below:
https://ibanys.fed.financialedinc.com/store/webinar
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IBANYS Spotlights
. . .Genesis PPG
Genesis, a merchant service company headquartered in upstate New York, has a unique approach to servicing bank clients. Their services include merchant Services: Credit Card Processing, Card Security, POS, E-Commerce, Mobile Solutions.Their attention to customer service and credit card security is second to none. They look forward to working with you. For further information, visit www.genesisppg.com, contact Jacon Arnold, Director of Operations, at (716) 407-3213, email or
[email protected]
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DID YOU KNOW. . .
. . .
April is Community Banking Month? ICBA has a collection of tools and materials to help you
share your bank's story and reach out to your communities. Visit http://www.icba.biz/golocal to:
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Customize a
news release and send it to your local media to share the positive story of community banks, while telling your bank's unique story.
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Send an
op-ed to local media to educate your community about the importance of banking locally and how your bank is unique in serving the needs of your community.
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Take time to tweet and share on your social media channels: here are
some ideas to get started.
- See ICBA's Community Banking Month advertorial that ran in the April 1 edition of The Washington Business Journal.
- Use Radio Ads to promote Community Banking Month in your local market.
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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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Business Development Corporation (
Importantly, interest rates a fraction of those typically offered by online lenders. 
