ABA Banking Journal - June 2008 - (Page 15)
briefing ABA Resources Latest ABAWorks covers ID theft The newest, members-only and free ABAWorks will help your bank develop an identity theft prevention program as required under the Identity Theft Red Flag regulation. This guide provides a legal analysis, a step-by-step process in developing your program, and a model Excel worksheet and PowerPoint presentation that can be customized for your bank. To read or download your copy, go to aba.com and click on “ABAWorks/Toolboxes” in the “Quick Links” menu. If you’re a mutual institution, you can also download the ABAWorks on Mutuals. Entitled “Accounting for Combinations of Mutual Entities: Using the Purchase Method” the guide summarizes the business combinations accounting standard and provides illustrations for a better understanding of how to implement the purchase accounting method for combinations of mutual entities. Questions? Call 1-800-BANKERS. Sit next to the 1871 fountain, “The Genius of Water,” in Cincinnati’s Fountain Square for a refreshing break while attending the ABA Senior Leadership Institute. This bronze memorial to local businessman Tyler Davidson stands 43 feet tall. ABA endorses The Hartford for P&C Through its subsidiary, the Corporation for American Banking, ABA has announced its endorsement of The Hartford’s property and casualty insurance for banks. The ABA endorsement includes The Hartford’s bank-specific coverages designed to help banks protect their business against unexpected losses. The Hartford offers banks comprehensive coverage to address the unique insurance needs of banks, as well as standard-lines coverage. The endorsement also recognizes the company’s loss control, risk management, and multi-state claims services. The Hartford’s ABA-endorsed solution includes: • Bank-specific coverages—mail transportation, trust properties, repossessed automobile, ATMs, and more. • Standard-lines coverages—property, workers’ compensation, general liability, commercial automobile, and umbrella. • Exceptional services—value-added risk management services, designated claims services for specific bank coverages, and 24/7 claims reporting. “The Hartford has been a trusted insurance provider for nearly 200 years,” said John Wolff, president of the ABA’s Corporation for American Banking. “We’ve selected The Hartford as the choice for our members based on the company’s A+ rating from AM Best and its commitment to tailoring products and services for banks. To learn more, go to www.aba.com/cab. ABA School of Bank Card Management Atlanta, GA Aug 3-8 ABA Senior Leadership Institute Cincinnati, OH Aug 3-8 ABA Marketing Conference Denver, CO Sep 14-16 ABA Financial Statement Analysis for Lenders, ABA National Commercial Lending Schools and ABA Graduate Commercial Lending Schools Dallas, TX Oct 11-17 ABA Money Laundering Enforcement Conference Washington, DC Oct 19-21 ABA National Compliance School and ABA Intermediate Compliance School Chicago, IL Oct 24-30 ABA National Trust School and ABA Graduate Trust School Atlanta, GA Oct 26 -Nov 1 Community Bank Investor Conference New York, NY Oct 27-28 ABA BANKING JOURNAL/JUNE 2008 15 Alliance with Farmer Mac expanded ABA has expanded its members-only alliance with the Federal Agricultural Mortgage Corp.—Farmer Mac—to give members an outlet to sell home mortgage loans on rural properties situated on large parcels of land engaged in agricultural production. ABA has had an exclusive agreement with Farmer Mac since 2005 to provide pricing discounts and streamlined processing for Farmer Mac Full-Time Farm products and AgPower customized loan packaging services. The amended agreement extends the member advantaged benefits to Farmer Mac’s Part-Time Farm product, which offers favorable long-term interest rates and loan amounts up to $3 million on owner-occupied principal residences and second homes. “This program will give our members a real advantage because it provides an outlet for the sale of qualified mortgages on properties where the land exceeds the value of the improvements,” said Bill Kroll, president, ABA Total Business Solutions. “We’re excited about the addition of this alliance benefit for the Part-Time Farm program, which will be the first change in the program since its origin in 2005” said Continued on p.16 Subscribe at www.ababj.com
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Table of Contents for the Digital Edition of ABA Banking Journal - June 2008
ABA Banking Journal - June 2008
Do Fee-based Services Have an Edge?
Snapshot: Net Interest Margins Vary Sharply with Size
100th Anniversary: Then & Now
ABA Chairman’s Position
"What? No Annual Surprise Bonus?"
Pass the Aspirin
Cover Story: Top Community Banks: How They Did...
...And How They Did It
First East Side Savings Bank
Mackinac Financial Corp.
The Peoples Bank
Managing the E-mail Monster
Handling PEPs in the Age of "L'affaire Spitzer"
To Advertise/Index of Advertisers
ABA Banking Journal - June 2008