Inside this issue: 2016 NASCUS State 2 System Summit Notice of Adoption of 2 New Rules GRMA Per Loan Fee 2 Reporting and Payment Process National Survey on 2 Banks Action on Applications 3 for the Month News and topics of interest to financial institutions regulated by the Department of Banking and Finance June 2016 Information Technology Risk Examination (InTREx) Program On June 30, 2016, the FDIC issued Financial Institution Letter (FIL) 43-2016 updating its information technology and operations risk (IT) examination procedures to provide a more efficient, risk-focused approach. This enhanced program also provides a cybersecurity preparedness assessment and discloses more detailed examination results using component ratings. The InTREx Program is an enhanced, risk-based approach for conducting IT examinations. The Program helps to ensure that financial institution management promptly identifies and effectively addresses IT and cybersecurity risks. All Uniform Rating System for Information Technology (URSIT) component and composite ratings assigned at each IT examination will be included in the Risk Management Report of Examination. An assessment of the financial institution's cybersecurity preparedness will be included on the Information Technology and Operations Risk Assessment Page of every Risk Management Report of Examination. The InTREx Program includes a streamlined IT Profile that financial institutions will complete in advance of examinations that replaces the IT Officer's Questionnaire. The IT Profile is intended to provide examination staff with more focused insight on a financial institution's IT environment and includes 65 percent fewer questions than appeared on the FDIC's legacy IT Officer's Questionnaire. For more information on FIL-43-2016, see https://www.fdic.gov/news/. Financial Services Information Sharing and Analysis Center (FS-ISAC) In 1998, Information Sharing and Analysis Centers were created as a result of Presidential Decision Directive 63. The directive requested that both the public and private sectors create a partnership to share information about physical and cyber threats, vulnerabilities, and events to help protect the critical infrastructure of the United States. In early 2013, the FS-ISAC board of directors approved an extended charter to include information sharing for financial services entities world-wide. The FS-ISAC gathers threat, vulnerability, and risk information about cyber and physical security risks faced by the financial services sector around the world. After analysis by industry experts, alerts are delivered to FS-ISAC participants. At present, only 38% of Georgia banks are members of FS-ISAC. The Department strongly encourages all Georgia financial institutions to become members of FS-ISAC. For more information, visit http://www.fsisac.com/. Page 2 2016 NASCUS State System Summit June 2016 The 2016 NASCUS State System Summit will be held on October 5-7, 2016, in Chicago, Illinois. The Summit is an annual event focusing exclusively on the nation's state credit union system. The Summit provides educational workshops, discussions and networking events geared specifically toward state credit unions and their CEOs and regulators. For more information, visit http://nascus.org/events/summit-2016.php. Notice of Adoption of New Rules On June 20, 2016, the Department adopted Final Rules which were filed with the Secretary of State. Pursuant to O.C.G.A. 50-13-6, the Rules became effective on July 10, 2016, twenty days following the filing of the Rules with the Secretary of State. To view the Final Rules, go to http://dbf.georgia.gov/dbf-regulations. Georgia Residential Mortgage Act ("GRMA") Per Loan Fee Reporting and Payment Process GRMA Per Loan Fees - The $10.00 per loan fees required by O.C.G.A. 7-1-1011(b)(2) and Department Rule 80-5-1-.04 are due no later than September 1, 2016, for mortgage loans closed during the period January 1, 2016 through June 30, 2016. To avoid fines for failure to remit GRMA fees when due, reporting and payment must be completed online at https:// bkgfin.dbf.state.ga.us/GRMAFee.html by the deadlines established in Rule 80-5-1-.04. Refer to the Department's Frequently Asked Questions document for further information about GRMA $10.00 per loan fees reporting and remittance requirements. Collecting agents submitting GRMA Fees after the due date referenced on Page 1, or for prior semiannual periods, must complete and mail a paper form, along with their payment, to the Department. The fillable PDF form can be downloaded from https://bkgfin.dbf.state.ga.us/MortgageDocs/GRMAFeeStatement.pdf. REMINDER: Collecting agents that did not close any loans during the semi -annual period do not need to file a report with the Department. The Department's online payment and reporting website does not allow reporting of $0 loans. Georgia Banks' Help Needed with National Survey State bank supervisors in coordination with the Federal Reserve are planning the fourth annual Community Banking in the 21st Century research and policy conference. See https://www.communitybanking.org/. The goal of the conference is to provide a venue and encourage research on community banking. This research is a critical component to improving public policy as it relates to community banks and local communities. For last year's conference, state regulators conducted a nationwide survey of community banks in which approximately 1,000 banks participated. The results of the survey and the town hall meetings are highlighted in a publication released during the conference. The 2015 report can be downloaded at https://www.communitybanking.org/documents/CommunityBanking-in-the-21st-Century-2015.pdf. The survey for 2016 is now live. The purpose of the survey is to give researchers and policymakers an opportunity to hear directly from community banks on a range of important topics. Please take the time to complete the 2016 survey, available at https://sri.cornell.edu/CB21/2016/. Completion should take no longer than 30 minutes. Thank you for your engagement. Page 3 June 2016 Action on Applications for the Month: The following is a summary of official action taken on applications by State Financial Institutions under Title 7, Chapter 1 of the O.C.G.A. and petitions for Certificate of Incorporation of Financial Institutions and other matters of interest during the month of June 2016. PREVIOUS NAME American Commerce Bank, National Association FINANCIAL INSTITUTION CONVERSIONS CONVERTED TO APPROVAL DATE American Commerce Bank Bremen Haralson County Pending EFFECTIVE DATE APPLICATIONS TO ESTABLISH A BRANCH OFFICE FINANCIAL INSTITUTION BRANCH OFFICE APPROVAL DATE SunTrust Bank Atlanta Morningside Heights Branch Office 1845 Piedmont Avenue NE Atlanta, GA 30324 Fulton County 06-03-2016 SunTrust Bank Atlanta Hill Center Branch Office 201 Franklin Road, Suite 100 Brentwood, TN 37027 Williamson County 06-20-2016 SunTrust Bank Atlanta North Charleston Branch Office 2089 Ashley Phosphate Road North Charleston, SC 29406 Charleston County 06-03-2016 PrimeSouth Bank Blackshear Cypress Mill Branch Office 3420 Cypress Mill Road Brunswick, GA 31520 Glynn County 06-21-2016 Metro City Bank Doraville Dallas Branch Office 9788 Walnut Street Dallas, TX 75243 Dallas County 06-24-2016 Metro City Bank Doraville Grand Prairie Branch Office 2615 West Pioneer Parkway Grand Prairie, TX 75051 Tarrant County 06-24-2016 BEGIN BUSINESS DATE PROPOSED NAME North Main Credit Union APPLICATIONS FOR RESERVATION OF A NAME COUNTY Habersham County APPLICANT Ms. Melany B. Ward, President Ethicon Credit Union 655 Ethicon Circle Cornelia, GA 30531 Page 4 June 2016 FINANCIAL INSTITUTION (SURVIVOR) United Community Bank Blairsville, GA FINANCIAL INSTITUTION MERGERS MERGED INSTITUTION Tidelands Bank Mount Pleasant, SC Bank of the Ozarks Little Rock, AR State Bank and Trust Company Macon, GA Robins Financial Credit Union Warner Robins, GA Community & Southern Bank Atlanta, GA The National Bank of Georgia Athens, GA Jeff Davis Credit Union Hazlehurst, GA APPROVAL EFFECTIVE DATE DATE 06-24-2016 Pending Pending 03-02-2016 06-30-2016 APPLICATIONS TO BECOME A BANK HOLDING COMPANY AND/OR TO ACQUIRE VOTING STOCK OF A FINANCIAL INSTITUTION BANK HOLDING COMPANY TO ACQUIRE APPROVAL DATE Southeast, LLC Atlanta, GA Barwick Banking Company Barwick, GA Pending United Community Banks, Inc. Blairsville, GA Tidelands Bancshares, Inc. Mount Pleasant, SC 06-06-2016 Peach State Bancshares, Inc. Gainesville, GA Peach State Bank & Trust Gainesville, GA Pending Page 5 June 2016 Sign-up to Receive this Publication: This publication is delivered to interested parties via e-mail and is also available from the Department's website at: http://dbf.georgia.gov/ under Publications, Financial Institutions Bulletin. If you would like to be added to our distribution list, send an e-mail to dbfpress@dbf.state.ga.us stating your name and e-mail address. Please be sure to include "Subscribe to Financial Institutions Bulletin" in the Subject line. The Department is the state agency that regulates and examines Georgia state-chartered banks, state-chartered credit unions, state-chartered trust companies, and Georgia bank holding companies. The Department also has responsibility for the supervision, regulation, and examination of Merchant Acquirer Limited Purpose Banks (MALPBs) chartered in Georgia. In addition, the Department has regulatory and/or licensing authority over mortgage brokers, lenders and processors, mortgage loan originators, check cashers, sellers-issuers of payment instruments, money transmitters, international banking organizations, and bank holding companies conducting business in Georgia. Our Mission is to promote safe, sound, competitive financial services in Georgia through innovative, responsive regulation and supervision. Our Vision is to be a willing and able partner with our regulated entities in order to support vibrant economic growth and prosperity in Georgia. Department of Banking and Finance 2990 Brandywine Road Suite 200 Atlanta, Georgia 30341-5565 Phone: (770) 986-1633 Fax: (770) 986-1654 or 1655 http://dbf.georgia.gov/ Email: dbfpress@dbf.state.ga.us