| ON THE HILL |
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Over 100 Texas bankers and IBAT associate members and staff descended on the halls of Congress last week to brief lawmakers on issues of importance to community bankers. Meetings were held with 30 of Texas' 32 Congressmen and both Senators Hutchison and Cornyn.
Earlier in the week, IBAT and ICBA and other state community banking organizations scored a major victory when the House Leadership elected to pull a credit union bill from the House suspension calendar that would have allowed credit unions to expand their field of membership to "underserved" areas. The bill will likely be reconsidered again soon so we must remain vigilant and be prepared to object with phone calls and other correspondence.
House banking committee Chairman Barney Frank will be attempting to broker a bill between the banking and credit union interests that will allow for credit unions to expand their presence while providing some much needed regulatory relief for community banks.
Stay tuned. IBAT and ICBA will be monitoring these and other events closely. Be watching for the photo essay that will chronicle our successful DC visit in future issues of the Independent Banker magazine. |
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| CONSUMER TIPS |
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In the current economic situation, some of your customers may be wondering whether extra mortgage payments might be beneficial in the long run. This month's issue of Consumer Tips looks at reducing your mortgage loan by 5-7 years by making an extra payment each year.
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| 2008 LEADERSHIP CONFERENCE |
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Catch the Wave to Leadership Excellence
June 19-21, 2008
Early Bird Discount expires 5/9...don't delay in registering!
Online registration is open, and we still have sponsorship and exhibit opportunities available.
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| LEGAL EASE QUESTION OF THE WEEK |
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Question: Can the bank issue checks made payable jointly to the borrower and to the swimming pool contractor but retain the checks in a file at the bank while construction of the pool is being completed? The loan documents are not structured for multiple advances. In essence, the borrower will be charged interest on the full amount of the loan but will not have access or control of the proceeds. Some of the lenders believe they remember a regulation which disallows a bank to charge interest on funds not given to the borrower.
To find out the answer, click on the flashing question mark. And you can also check out our searchable database of other frequently asked questions. |
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| BAKER WEEKLY |
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Payrolls Fall 20k, Unemployment Drops to 5%...Read more in this week's Baker Weekly.
Although this information has been obtained from sources, which we believe to be reliable, we do not guarantee its accuracy. This is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. |
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| SOLUTIONS FROM SERVICES |
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IBAT would like to buy your lunch and tell you all about ways that IBAT's endorsed benefits program, the Advantage Health Plans Trust*, can provide your bank comprehensive coverage, local doctors and excellent customer service at very competitive rates. We receive many compliments from IBAT banks who've changed their coverage to AHPT.
Please join us! You don't have to wait for renewal time for your current program; you can change plans off anniversary.
Registration begins at 11:00 and Jay Kempton, President of the Kempton Group, will make the presentation at 11:30 on the dates and at the locations noted on the invitation - click HERE for details.
How do I register? Click HERE to register online.
If you need help registering, contact Jessica Molina at 800/749-4228 or e-mail at jmolina@ibat.org
* Paid Endorsement |
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| ON THE EDUCATION FRONT |
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2008 Operations Compliance
5/6 Lubbock
5/7 San Antonio
5/8 Arlington
The FACT ACT & Privacy Compliance
5/13 Lubbock
5/14 Houston
5/14 San Antonio
5/15 Dallas
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COMING SOON |
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For a complete listing of upcoming events, CLICK HERE. Meanwhile, please mark your calendar for some of our key upcoming events.
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June 19-21, 2008 - Moody Gardens, Galveston |
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Advanced Bonds Summit
August 7 - Irving |
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Lending Compliance Summit
August 21 - San Antonio |
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Liquidity Management Summit
September 4-5, San Antonio |
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September 21-23, 2008 - Hyatt Lost Pines Resort, Austin/Bastrop |
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October 5-10, 2008 - Dallas |
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Sales Culture 201 Summit
November - Dallas |
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TechMecca 2008
November 3-4 - Dallas |
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Financial Literacy Summit
December 3-4 - Location TBD | | |
