Inside this issue: The s pecific docume nts that co mp ris e the G uidance a re: Examinati on F req uency, Proces s ing, an d Turna ro und Goals Developme nt of Pol icies by F inancial Ins tit utio ns News and topics of interest to financial institutions regulated by the Department of Banking and Finance November 2019 LOYAL TRUST BANK OPENS Community Bank 2 Sentiment Index Speaking 2 Engagements Subscribe to 2 Receive this Publication Action on 3 Applications for the Loyal Trust Bank opened on November 15, 2019 in Johns Creek. The fullservice community bank serves a multi-cultural population with a focus on Asian Americans and the business community in Johns Creek and the Greater Atlanta Market. It was formed by local business owners to serve the unique population and economic growth of these target markets and is led by President and Chief Executive Officer Charlie Brown. Loyal Trust Bank is located at 11675 Medlock Bridge Road, Johns Creek, Georgia 30097. Loyal Trust is the second new state bank charter opened in Georgia during 2019. FFIEC REVISES BUSINESS CONTINUITY HANDBOOK The Business Continuity Management booklet (booklet) within the Federal financial institution regulators' Information Technology Examination Handbook has been revised to emphasize the importance of ensuring financial institutions' preparedness to avoid disruptions in operations and to recover services. The updated booklet focuses on enterprise-wide approaches that address technology, business operations, testing, and communication strategies critical to the continuity of the business. The booklet describes principles and practices for information technology and operations designed to achieve safety and soundness, consumer financial protection, and compliance with applicable laws, regulations, and rules. As stated in the booklet, business continuity focuses on more than just the planning process to recover operations after an event. Business continuity also includes the continued maintenance of systems and controls for the resilience and continuity of operations. Business continuity is an integral part of the risk management life cycle of an institution's systems, processes, and operations. The booklet replaces the Business Continuity Planning booklet issued in February 2015. The Press Release and booklet can be found on the FFIEC website at https://www.ffiec.gov/press/pr111419.htm. CLOSED FOR THE HOLIDAYS The offices of the Department will be closed for the holidays on the following days: Christmas Eve, Tuesday, December 24, 2019 Christmas Day, Wednesday, December 25, 2019 New Year's Day, Wednesday, January 1, 2020 Page 2 COMMUNITY BANK SENTIMENT INDEX November 2019 The Community Bank Sentiment Index is an index derived from quarterly polling of community bankers across the nation. As community bankers answer questions about their outlook on the economy, their answers are analyzed and compiled into a single number. An index reading of 100 indicates a neutral sentiment, while anything above 100 indicates a positive sentiment, and anything below 100 indicates a negative sentiment. The September CSBS Community Bank Sentiment Index came in at 121. This is a very small decline from the very strong initial reading of 122 in the last quarter. The index is calculated based on community banker expectations in seven key areas: Business conditions Monetary policy Regulatory burden Capital expenditures Operations expansion Profitability Franchise value The next data collection will kick-off on December 2. Any bankers interested in participating in this fiveminute survey should email index@csbs.org. Community Bank Sentiment Index data can be accessed at https://www.csbs.org/cbindex. SPEAKING ENGAGEMENTS Commissioner Kevin Hagler will speak at the Annual Legislative Economic Forum located at the Hyatt Regency Downtown, 265 Peachtree Street, Atlanta, Georgia on Wednesday, January 15, 2020, from 3:00 p.m. to 8:00 p.m. The event is hosted by the GBA Board of Directors, the GBA Public Affairs Committee, and the GBA BanPac Board of Directors. Event details can be accessed from http:// gbacareerpaths.gabankers.com/Lists/Calendar%20of%20Events/DispForm.aspx?ID=9095. Commissioner Hagler and Deputy Commissioner for Supervision Melissa Sneed will speak at the 2020 State GAC/Grassroots Academy located in the Empire Room, 20th Floor, James H. Sloppy Floyd Building, 200 Piedmont Avenue, Atlanta, Georgia 30334 on Tuesday, January 28, 2020, from 9:30 a.m. to 3:00 p.m. The event is hosted by the League of Southeastern Credit Unions & Affiliates. Commissioner Hagler and Deputy Commissioner Sneed will discuss what credit unions can anticipate from the Department and the state legislative process. Event details can be accessed https:// www.gcua.org/advocacy/docs/StateGAC_GrassRoots%20Invitation2020.pdf. SUBSCRIBE TO RECEIVE THIS PUBLICATION Subscribe to Receive this Publication: Notice of this publication is delivered to interested parties via e-mail. To subscribe to this publication as well as other items of interest, please visit our website at https://dbf.georgia.gov/. Department of Banking and Finance 2990 Brandywine Road, Suite 200 Atlanta, Georgia 30341-5565 Phone: (770) 986-1633 Fax: (770) 986-1654 or 1655 Page 3 November 2019 Action on Applications for the Month The following is a summary of official action taken by the Department on applications by Georgia state-chartered 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 November 2019: APPLICATIONS FOR NEW FINANCIAL INSTITUTION BEGIN BUSINESS FINANCIAL INSTITUTION CAPITALIZATION APPROVAL DATE DATE Loyal Trust Bank $ 21,702,000 08-23-2019 11-15-2019 11675 Medlock Bridge Road Johns Creek, GA 30097 Fulton County FINANCIAL INSTITUTION The Citizens Bank Nashville, GA 31639 APPLICATIONS FOR DISSOLUTION APPROVAL DATE Pending EFFECTIVE DATE APPLICATIONS TO ESTABLISH A BRANCH OFFICE FINANCIAL INSTITUTION The Commercial Bank Crawford BRANCH OFFICE North Fourth Street 35 North Fourth Street Colbert, GA 30628 Madison County APPROVAL DATE 11-25-2019 Members First Credit Union Decatur NOA Bank Duluth Pooler 1183 Pine Barren Road Pooler, GA 31322 Chatham County Houston 1444 Blalock Road Houston, TX 77055 Harris County 11-19-2019 04-11-2019 The Citizens Bank of Swainsboro Swainsboro Downtown Dublin 101 West Jackson Street, Suite B Dublin, GA 31021 Laurens County 06-17-2019 APPLICATIONS TO CHANGE LOCATION CHANGE LOCATION APPROVAL FINANCIAL INSTITUTION OF DATE Associated Credit Union Ellenwood 10-29-2019 Norcross From: 5032 Old Grant Road Ellenwood, GA 30294 Clayton County To: 3012 Anvil Block Road Ellenwood, GA 30294 Clayton County BEGIN BUSINESS DATE 11-25-2019 11-14-2019 EFFECTIVE DATE 11-18-2019 Page 4 November 2019 Action on Applications for the Month Continued APPLICATIONS FOR RESERVATION OF A NAME PROPOSED NAME OnPoint Bank COUNTY DeKalb County APPLICANT Mr. Byron Richardson President Bank Resources, Inc. 2451 Cumberland Parkway, Suite 3618 Atlanta, GA 30339 FINANCIAL INSTITUTION (SURVIVOR) First-Citizens Bank & Trust Company Raleigh, NC FINANCIAL INSTITUTION MERGERS MERGED INSTITUTION Gwinnett Community Bank Duluth, GA APPROVAL EFFECTIVE DATE DATE Pending Branch Banking and Trust Company Winston-Salem, NC SunTrust Bank Atlanta, GA 11-19-2019 APPLICATIONS TO ACQUIRE A FINANCIAL INSTITION BANK HOLDING COMPANY BB&T Corporation Winston-Salem, NC TO ACQUIRE SunTrust Banks, Inc Atlanta, GA APPROVAL DATE 11-19-2019 EFFECTIVE DATE The Department is the state agency that regulates and examines Georgia state-chartered banks, state-chartered credit unions, state-chartered trust companies, and bank holding companies that own Georgia state-chartered financial institutions. The Department also has responsibility for the supervision, regulation, and examination of Merchant Acquirer Limited Purpose Banks 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, and international banking organizations. 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.