ABA Banking Journal - February 2008 - (Page 13)

briefing ABA Resources ABA-sponsored insurance program shares $5 million in profits ABA recently announced that the American Bankers Professional and Fidelity Insurance Co. will distribute $5 million in underwriting profits to insured member banks. ABPFIC, the mutual reinsurer for the ABA-sponsored insurance program, has distributed $63.5 million to participants since 1991. The program, underwritten by Progressive Casualty Insurance Co., offers directors & officers liability, financial institution bond, internet banking liability, employment practices liability, and other related insurance products for community banks. Insured banks that are ABA members are automatically mutual owners of ABPFIC. “We’re pleased to offer banks this well-established insurance program and proud to offer profit distributions back to our members,” ABA President and CEO Ed Yingling said. “Designed and directed by bankers, the ABPFIC program continues to provide innovative insurance policies to address today’s risk management environment.” “Our program is the only one of its kind that distributes profits directly to member banks,” said ABPFIC Chairman John Manor, who is with The Bank of Bonifay, Bonifay, Fla. “True to the mutual concept, ABPFIC members benefit from their company’s profitability. That is a major achievement for our company and a valuable benefit for ABA members.” To learn more about the ABA-sponsored insurance program, go to ABA’s Corporation for American Banking web-site section www.aba.com/CAB and click on “insurance.” You can also e-mail ABA’s Monica Condon at mcondon@aba.com or call her at 1-800-BANKERS. March brings two opportunities to visit San Diego’s 1887 Villa Montezuma, now a house museum/art gallery: 1. while attending the ABA Managed Account Forum, or 2. during the ABA Wealth Management and Trust Conference. ABA Managed Account Forum San Diego, CA March 10-11 ABA Government Relations Summit & Mutual Community Bank Conference Washington, DC March 10-12 ABA Wealth Management and Trust Conference San Diego, CA March 12-14 ABA Intermediate Compliance School Atlanta, GA April 3-5 ABA Bank Operations & Technology Conference Baltimore, MD April 6-9 ABA Financial Statement Analysis for Lenders Dallas, TX April 12-13 ABA Capital Markets Forum Palm Beach, FL April 13-15 ABA National Commercial Lending School Dallas, TX April 13-18 Fundamentals of Asset & Liability Management Stamford, CT April 14-16 ABA BANKING JOURNAL/FEBRUARY 2008 13 Banking issues guide updated ABA’s Public Relations team has updated its Media Guide to the Nation’s Banking Issues. The online guide, which can be downloaded or read by topic sections, provides an in-depth series of talking points on the key banking issues. The guide can help your bank respond to media inquiries and to work with reporters and editors on a regular basis. New to the update guide are talking points on health savings accounts, credit freezes, bank headquarters development, commercial real estate, wealth management, and pre-emption. To download or read portions of the guide, or the entire document, go to http://www.aba.com/Members+Only/Comm+Tools/mediaguide.htm. Questions? Call 1-800-BANKERS. ABA Education Foundation releases consumer education booklet series The ABA Education Foundation has introduced a consumer booklet series that banks can use to help their customers learn about financial management basics. The booklets can be given to new customers, Spanish speakers, middle and high school students and senior citizens. Topics include budgeting, credit, and checking and savings accounts. Worksheets are included to help consumers make plans, set goals, and take control of their personal finances. The booklets provide consumers with an easy-to-follow resource. Banks can order Continued on p.18 www.ababj.com/subscribe.htm http://www.aba.com/Conferences+and+Education/CMS_sched2.htm http://www.aba.com/CAB http://www.aba.com/Members+Only/Comm+Tools/mediaguide.htm http://www.ababj.com/subscribe.html

Table of Contents Feed for the Digital Edition of ABA Banking Journal - February 2008

ABA Banking Journal - February 2008 Contents On ABABJ.COM: Have You Visited Our Brand-New Website? Editor's Column "That's Edutainment" Snapshot: Tier 1 Ratios Stable so Far 100th Anniversary: Then and Now ABA Resources ABA Chairman's Position Don't Despair Pass the Aspirin Cover Story: Socially Responsible Banking Profitably - Incoming America's Community Bankers Council Chairwoman, Dorothy Bridges Demonstrates the Way A True "Rags-to-Banker" Story Retail Banking: On the Money Hunt Community Bank Management: The Ugly Truth About Board Relations Does Core Really Matter? Security 2.0: Not Just a New Kettle of Phish A Personal Case of Mal-Serendipity DOD Credit Regs Demand Attention Mailbox Banker's Mart To Advertise/Index of Advertisers The Economy

ABA Banking Journal - February 2008

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