ABA Banking Journal - February 2008 - (Page 3)

Banking ABA JOURNAL Vol. C, No. 2 February 2008 www.ababj.com CONTENTS DEPARTMENTS BRIEFING “That’s edutainment” . 7 Financial literacy courtesy of a soap opera? Snapshot: Tier 1 ratios stable so far . . . . . . . . . . . 8 100TH Anniversary: Then and Now . . 8 FEATURES COVER STORY: COMMUNITY BANKING Community banking, city style . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 By Steve Cocheo. Dorothy Bridges grew up in poverty in the segregated South, just as the barriers were coming down, and her family hardly knew what a bank was. Today, she’s a dynamic force for urban improvement in her adopted hometown of Minneapolis, and a devoted banking leader who chairs the 2007-2008 America’s Community Bankers Council of the ABA. A true “rags-to-banker” story . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Dorothy Bridges’ unique connection to a famous Norman Rockwell painting was just the start of a long road. ABA RESOURCES . . . . . . . . . . . . . 13 COMMUNITY BANKING Don’t despair . . . . . . . . . 16 Tomorrow’s winners will be those banks that look beyond today’s rough times, and prepare for key opportunities. By Michelle Gula and Jay Brew Pass the Aspirin . . . . . . . . . . . . . . . . 18 The Books Bankers Live By, 2008. Got headaches? Try www.passtheaspirinplus.com RETAIL BANKING On the money hunt … . . . . . . . . . . . . . . . . . . . . . . . . 38 By Lauren Bielski. Gathering core deposits continues to be a challenge, and the massive growth in bank branches lies partially to blame. Community banks have started exploring new channels—such as internet deposit outreach—and they have also started reemphasizing old standards. While business-side deposits continue to be important, some bankers hope to reinvigorate the consumer segment flow, as well. TECH TOPICS Does Core really m a t t e r ? . . . . . . . . 52 Perhaps the better question is, “Does your bank really get all that Core can give?” By Harold “Bud” Boughton Security 2.0: Not just a new kettle of phish . . . . . . . . . . . . . . . . 54 Watch out, malware. Security 2.0 is coming. By Bill Orr A personal case of mal-serendipity . . . 55 Has contribor Bill Orr been hacked? COMMUNITY BANK MANAGEMENT The ugly truth about board relations . . . . . . . . . . . . 46 By Joseph H. Cady and William R. Soukup. Demanding investors, Sarbanes-Oxley Act, nit-picking regulators—irksome, yes. But the real cause of dysfunctional boards arises from a much more fundamental cause. ON ABABJ.COM Have you visited our brand-new website? . . . . . . . . . . . . . . . . . . . . . . . . . . . . Keep watching www.ababj.com for more new stories and features. COMPLIANCE CLINIC DOD credit regs demand attention . . . . . . . . . . . . . 57 Talent Amendment rules may not miss your bank. By Nancy Derr-Castiglione Mailbox . . . . . . . . . . . . . . . . . . . . . . . 58 A new look for 2008 at www.ababj.com! See Editor’s Column, p. 4 Coming in March’s print and digital magazines… • 12th Annual Community Bank Survey • Business continuity clinic • Remote capture rolls on. But who uses it? • Cutting telephone costs with VOIP COLUMNS Editor’s Column This web’s for you. . . . . . . . . . . . . . . . . .4 The Economy . . . . . . . . . . . . . . . . . . .64 Policy choices in event of recession By Dana Johnson Banker’s Mart . . . . . . . . . . . . . . . . . .61 To advertise/Index of advertisers . . . .62 ABA Chairman’s Position . . . . . . .14 Survival depends on grassroots mobilization www.ababj.com/subscribe.html ABA BANKING JOURNAL/FEBRUARY 2008 3 http://www.ababj.com http://www.passtheaspirinplus.com http://www.ababj.com http://www.ababj.com http://www.ababj.com 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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