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| SPECIAL FRAUD ALERT |
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In case you missed it on Friday...
An emerging issue is worthy of your serious attention. Several Texas community banks have recently been the target of a particularly disturbing scam. Here's how it has worked...read more... |
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| CONVENTION UPDATE |
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IBAT 34th Annual Convention - "Hometown Heroes"
September 20-23, 2008
Hyatt Regency Lost Pines Resort, Bastrop, TX
Our hotel cut-off date has been extended to Friday, August 22. But don't delay...the resort is approaching sell-out so you’ll need to hurry if you need hotel reservations. The resort is in a rather remote location – there aren’t any other hotels within close proximity! |
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| TECHMECCA |
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Don't miss this year's TechMecca! The speakers are lined up, so be sure to check out the breakout sessions.
Register 4 people for the low price of $595. For more information, visit www.techmecca.net. |
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| LEGAL EASE QUESTION OF THE WEEK |
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Question: We have a business customer who admits that he was aware of fraudulent activity carried out by his bookkeeper, however, he did nothing and allowed her to remain on staff. He has finally terminated employment and has brought 5 "forged" checks issued in the past 60 days asking us to prepare forgery affidavits and return app $3200 to him. He is also filing charges against the employee with the police department. I know that the UCC was revised to where the customer is also considered negligent if they do nothing to prevent the fraud. What is our liability to this customer?
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 MARKET UPDATE |
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The intermediate- to long-end of the Treasury yield curve rallied…the yield on the 10Yr Treasury Note fell 9bps to a 4-week low of 3.84% and the 2Yr Note fell 12bps to 2.38%. Crude oil continues to fall, down 3.1% since Friday's close to $111.80/bbl. Other news this week included the expected drop in retail sales as the automotive industry continues to get hit hard from high gasoline prices, tightening credit standards and even decreasing residual value adjustments for leased cars. Read more in this edition of the Baker Market Update.
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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With a large number of banks forming or expanding these days, a good architect is an essential part of your team! As an IBAT Endorsed Service Provider since 1994, McCleary German Architects are known throughout Texas and Central Southwest as the financial institution design specialists. With their primary clientele of independent banks, MGA has worked closely with and plays a strategic role in growth, brand definition and identity establishment.
MGA takes pride in knowing the ins and outs of bank operation and how good design impacts the productivity of your staff. The team at MGA will serve you with an elevated level of commitment to listen to your needs, understand those needs and follow through with a design that meets your budget and program. No design project is too small or too big; no project location is too far!
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| ON THE EDUCATION FRONT |
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October 5-10, 2008
Dallas
What others have said: "I really enjoyed BOI. It was by far the best training I have ever been to. The networking opportunities were fantastic, and the sessions were wonderful."
What is BOI? Bank Operations – Pure and Simple
Participants achieve a comprehensive understanding of the community bank operations function and how it contributes to the overall success and profitability of the bank. Presentation styles include lecture, case studies, simulations and interactive class exercises. |
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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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August 21 - San Antonio |
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September 4-5, Irving |
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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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November 3-4 - Dallas |
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Financial Literacy Summit
December 2-3 - San Antonio |
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IBAT Winter Summit IX
January 25-27, 2009 - South Lake Tahoe | | |
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Contact IBAT or if you have comments or questions about this newsletter,
email or call Bonnie Kankel at (800) 749-4228. |
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