February 12, 2020

IBANYS Weekly E-Newsletter

Visit our website at www.ibanys.net for all you educational needs. See dates and registration information (if available) for our live programs and be sure to check out our webinar offerings. Watch for IBANYS' monthly marketing newsletter for additional features and updates.

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IBANYS News and Updates I IBANYS will be holding a number of important meetings for New York community banks in the coming weeks and months . I hope you'll take a moment to read through the calendar below, and share it with your officers and directors. Of course, our spring calendar will culminate in June with our 46th Annual Convention at the Turning Stone Resort and Casino, June 15-17!  Save the date!   We are also monitoring and addressing legislative activity in the New York State Senate and Assembly, including the Governor's proposed state budget. If your bank is not represented on that committee , I strongly encourage you to sign up, or to designate a senior bank officer to participate. It's important, and IBANYS needs your involvement. We have a rundown on recent legislative developments below. See below for free webinars from ICBA Securities/Vining Sparks and our associate member QwickRate Analytics!   IBANYS 2020 Meetings  -  click the meeting to download brochure and to register Compliance Conference March 3 - Rochester — March 4 - Poughkeepsie - registration is open Directors Conference April 7 - Rochester — April 8 - Poughkeepsie - registration is open  Security Conference May 5 - Rochester — May 6 - Poughkeepsie - brochure & registration info coming soon IBANYS 46th Annual Convention June 15-17, 2020 - Turning Stone Resort & Casino, Verona, NY (details and registration information coming soon)

Albany Update

State Legislative Activity Some sections of the Governor's proposed state budget could directly or indirectly impact community banks. Among the provisions are those that would: Permit NYS DFS to proceed against unlicensed entities by using the same administrative procedures used against licensed entities. Permit banks to place a hold on bank accounts of vulnerable adults if a reasonable doubt exists there may be financial exploitation, and provides immunity for banks acting in good faith. Permit the State DFS to license debt collectors. Establish employer mandated sick days as follows: businesses with between 5-to-99 employees would have to provide at least 5 days, and businesses with more than 100 employees must provide at least 7 days. Make permanent the State DFS authority to use financial institution data match systems. A.9140 (Abinanti)/S.4188 (Kennedy),  introduced in the Assembly, would require financial institutions to notify a customer prior to charging a fee based on account inactivity. The legislation is currently on the floor in the Senate. A.9141 (Abinanti)/S.1589 (Sanders) , to establish the State Financial Literacy Commission to improve the financial literacy and financial capability of New York residents, has been approved by the the State Senate Banks Committee and reported to the Senate floor.  A.9596 (Jean-Pierre)/S.2133 (Sanders)  would create the Consumer Overdraft Protection Act. It would limit overdraft fees over the course of one year to $100, including other additional charges and/or fees. Meanwhile, the State Senate yesterday approved a pair of bills addressing property tax exemptions . One would create a task force to examine the issue of exemptions being granted and the current process. The other would create a panel to assess the effect a large number of tax-exempt properties have on municipalities, and their impact on economic development.

Washington Update

Federal Reserve Chairman Jerome Powell told Congress this week he is comfortable with Fed Governor Lael Brainard's approach to Community Reinvestment Act reform. Delivering his semiannual monetary report, Chairman Powell said the Fed has not yet adopted a CRA proposal as the OCC and FDIC proceed with a separate plan. ICBA continues urging community bankers to use its "Be Heard" grassroots action center to encourage Congress to hold hearings on the trend of tax-exempt credit unions purchasing tax-paying community banks. ICBA has requested hearings in letters to House and Senate committees, noting that credit unions are "weaponizing" their tax subsidy and lax regulatory environment. Visit www.icba.org and then its grassroots advocacy section.

ICBA Updates

Don't Miss Next Week's ICBA/Vining Sparks Free Webinar, Tuesday, February 18 "Positioning the Investment Portfolio for Performance" ICBA Securities and its exclusively-endorsed broker, Vining Sparks, will present a webinar on Positioning the Investment Portfolio for Performance exclusively for the state associations that endorse ICBA Securities, as well as other community banks. This first in the 2020 webinar series will cover: Economic summary The bond portfolio’s fit in a community bank balance sheet Managing liquidity and interest rate risk Characteristics of high performing investment portfolios Interest rate risk profiles for community banks and portfolio needs Investment strategies based on current relative value opportunities    Daniel Anderson, Senior Vice President in the Investment Strategies Group at Vining Sparks is the presenter. For information or t o register, call Kert Johnson at (901)762-5340 or click the link : https://globalmeetwebinar.webcasts.com/starthere.jsp?ei=1279488&tp_key=e49ae740a3 Latest On "Wake Up" Campaign I CBA has urged Congress to hold hearings on the surge in tax-exempt credit unions purchasing tax-paying community banks, and encouraged congressional committees to consider legislative solutions including taxing the largest and most growth-oriented credit unions and expanding regulatory scrutiny of these transactions. New York community bankers can learn more about ICBA’s “Wake Up” campaign – including press coverage that has generated –  https://www.icba.org/news/news-details/2020/02/04/how-states-can-challenge-credit-union-bank-acquisitions Join IBANYS In Washington For ICBA's Capital Summit, Meetings "On the Hill" With New York Congressional Delegation Top federal policymakers will speak at the ICBA Capital Summit, including House Financial Services Committee Ranking Member Patrick McHenry (R-N.C.), Senate Banking Committee member Mike Rounds (R-S.D.) and Federal Reserve Governor Michelle "Miki" Bowman. McHenry and Rounds are long-time champions of community bank regulatory relief. Bowman is the first person ever to fill the Fed’s community banking seat. New York community bankers : Join your colleagues from across the country for these sessions, and advocate with members of the New York Congressional Delegation on Bank Secrecy Act reform, a cannabis-banking safe harbor, the industrial loan company loophole, credit union and Farm Credit System tax advantages, and more. Six New Yorkers serve on the House Financial Services Committee.

Make your voice heard...Join on April 28 - May 1 in Washington DC Click below for details and to register. 2020 Capital Summit

IBANYS Preferred Partners (Click the company logo to learn more about our partners)

IBANYS Preferred Partners (Click the company logo to learn more about our partners)

ICBA Live

The Community Bank Leverage Ratio Captial Framework- Does it Make Sense for Your Bank? Read article here

Underscoring the Importance of BOLI Third Party AdministratorsRead Article Here

ICS & CDARS Free WebinarClick for more information & to register

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Free Webinars offered by IBANYS Associate Members

National Q4 Performance Community Bank Highlights and Introducing IntelliCredit Thursday, February 13 at 2:00-2:45 pm ET or Tuesday, February 18 at 11:00-11:45 am ET February 13, 2020 February 18, 2020

 Join us for a review of national Q4 performance highlights and trends of "true" community banks. Arm yourself with information that you can use to drive your bank's performance in 2020. This review will be guided by the comprehensive call report data, peer information and analysis available in QwickAnalytics. We will cover areas such as credit quality, profitability, liquidity, non-performers and more. You'll also get a quick look at our new IntelliCredit™ Portal—a credit risk management solution that helps banks proactively manage aggregate credit risk and perform technology-enabled loan reviews. So you can detect stresses early before serious deterioration and losses occur. Can't make the dates? Register and we'll send you the recording of the complete webinar and a copy of the presentation. Register today!