May 23, 2018


In This Issue: 
  • Major Victory For Community Banks: House Passes S.2155 Reg Relief Bill  
  • Farm Bill Goes Down To Defeat --Second Vote On June 22?
  • Underwood Is State AG For 2018
  • State Political Conventions To Nominate Cuomo, Molinaro
  • Latest On Online Lending
  • News On Upcoming IBANYS Meetings & Upcoming Webinars
  • Follow IBANYS On Facebook, Twitter, LinkedIn and Instagram!


Message From the President

John Witkowski, President & CEO
YOU DID IT! 
House Passage Of  S.2155 Gives Community Banks 
Major Regulatory  Relief Victory!

Yesterday, the House of Representatives gave final legislative approval to S.2155, the bill that will give community banks their most meaningful regulatory relief since the Dodd-Frank Act was enacted back in 2010. It was a very big win for our members and our industry, and -- once the President signs it into law -- will bring about much-needed relief. Eight long years of effort finally come to fruition. Thanks to all the New York community bankers who participated in this effort by joining us in Washington to advocate with the New York Congressional Delegation, and/or contacting your local Representatives by phone, visits or email to urge their support. Thanks also to our partners at ICBA, who spearheaded the effort and provided the tools and information necessary to reach out to Congress with our grassroots movement. ICBA's "Plan for Prosperity" -- strongly endorsed by and advocated for by IBANYS -- provided many of the ideas and provisions for S.2155. 
As ICBA President & CEO Rebecca Romero Rainey noted:  "Together, we have achieved a remarkable success in our push for tiered and proportionate regulation-an accomplishment for which we can be proud." 

This is truly a landmark day for community banking. The Victory Is YOURS!]
 

Farm Bill On Hold -- At Least Until June

Last week, the House failed to pass its version of the new farm bill. The legislation was defeated on the floor. There may be a second vote held June 22. The efforts also proceed in the Senate, which hopes to pass its bill in the coming weeks. The current farm bill expires in September; a one-year extension is also a possibility.
 

In Albany: 2018 Election, Online Lending, New AG In News 

Meanwhile, here in Albany, the Democrats and Republicans hold their state nominating conventions this week on Long Island and in Manhattan, respectively. The Assembly is still considering bills that would enhance the credit unions, including their ability to participate in public deposits. . .and the Legislature appointed Acting Attorney General Underwood to serve for the rest of 2018.

 
3 Important Events Coming Up- Register TODAY! 

Our Lending, Human Resources, and Security Conferences are fast-approaching, but there is still plenty of time to register! These programs will keep you informed on the very latest trends, issues and developments in these fields. 
Contact Linda Gregware at lindag@ibanys.net with questions on these these upcoming IBANYS meetings:
    • IBANYS and T. Gschwender are co-hosting our Lending Conference in Fairport, NY on June 5-6 with a focus on commercial lending, commercial real estate lending, CECL, and a loan review process for lenders, portfolio managers and analysts. Please urge your commercial, mortgage, small business and consumer lending teams to attend. Brochure, Registration Form, Sponsorship Opportunities
    • IBANYS' Regional Human Resource Conferences are June 12 in Rochester, NY and June 13 in Troy, NY. They will address sexual harassment, FMLA, PFL, talent acquisition and retention, benefits, identity theft, and much more. Please urge your HR directors and those in supervisory roles to register. Brochure, Registration Form
    • IBANYS Regional Security Conferences are June 19 (Rochester) and June 20 (Troy) and will feature an array of security concerns relevant to community banks. Brochure
As always, thank you for your support of IBANYS and all you do or community banking.

Remember: IBANYS is YOUR association. Make it work for you!

- John

Follow IBANYS On Social Media!

Have you found and followed IBANYS on social media yet? Connect with us today!


 

Facebook: @ibanys1 | Twitter: @ibanys1

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2018 Meetings

____________________________________________________________________

              Lending Conference

June 5-6, 2018
Woodcliff Hotel & Spa
199 Woodcliff Drive
Fairport, NY 14450

           

____________________________________________________________________

                                                     Human Resources Conference

  June 12, 2018             June 13, 2018
 Hilton Garden Inn           Hilton Garden Inn
Rochester/Pittsford                    Troy
800 Pittsford Victor         235 Hoosick Street
Pittsford, NY 14534           Troy, NY 12180

                                                                      
____________________________________________________________________

              Security Conference

   
   June 19, 2018              June 20, 2018
   Hilton Garden Inn            Hilton Garden Inn
  Rochester/Pittsford                    Troy
  800 Pittsford Victor         235 Hoosick Street
  Pittsford, NY 14534            Troy, NY 12180

            

____________________________________________________________________

                                                      2018 Annual Convention



           
             September 25-27, 2018
                         Hilton Albany
                      40 Lodge Street
                    Albany, NY 12207

                
                    Hotel Information
 
A block of rooms has been reserved at the Hilton Albany. Reservations can be made by the following: 

Arrival Date:  September 25, 2018
Departure Date:  September 27, 2018

           Price of Rooms & Exclusive Deals                    Refer to Group Code:  1IBANY

                      Web:  Click Here                                             Phone:   1-866-691-1183


*More Convention information will be released soon, so watch your emails, Facebook, Twitter, Instagram,& LinkedIn!
____________________________________________________________________

Member banks:   Share this information  with your senior management teams, officers, directors, compliance, security and human resources officers.  Preferred providers, associate members and business show exhibitors:  Now is the time to plan to attend, participate, sponsor/exhibit.  Contact Linda Gregware:   lindag@ibanys.net
New Feature!
Spotlight Bank of the Week

Spotlight Bank of the Week is a new feature that we are adding to our website and e-newsletter. It is an opportunity to promote anything about your organization, such as fun facts, organization news, special events, etc. The Spotlight Bank of the Week will be featured on our homepage slider, e-newsletter, and our social media platforms for one week. So don't miss out on this exceptional opportunity to showcase your bank to thousands of people!

To apply, just fill out our registration form and email it to Natalie Rowan at natalier@ibanys.net.

IBANYS Education/Webinars
IBANYS Webinars


Are you participating in IBANYS' webinars? Your peers are! They provide timely, important information on subjects of interest to New York community bankers. They are valuable not only for their content, but for their convenience. Take part from the comfort and privacy of your office, without leaving the bank.  Our  Webinar Series  offers many topics in the following categories:
  • Audit & Accounting
  • Collections
  • Compliance
  • Directors
  • Frontline & New Accounts
  • Human Resources
  • Information Technology
  • IRA
  • Lending
  • Operations
  • Security & Fraud
  • Senior Management
We are always adding more programs based on needs and requests of our members,
who drive our focus!  Take a look at the various series of webinars we offer by clicking each of the links below.
_______________________________________________________________


Community Banking Month Special



Celebrate Community Banking Month with a  FREE WEBINAR

Buy any  2 webinars and get a coupon code for  1 free until May 31st

____________________________________________________

Pricing starts at $230

WHAT YOU GET:
  • 90 minutes of industry-leading webinar training
  • Take-away toolkit with supplemental materials, training log, and a knowledge-check quiz
  • Live and recorded options to view at your conveience
  • Viewable on desktop, mobile, or tablet
HOW TO GET YOUR FREE WEBINAR:

Add two webinars to your cart. Before completing your order enter "Send my free webinar code!" in the Comments box. A coupon code for your free webinar will be emailed to you within one business day. Choose your webinars here.

*Not applicable for full Series orders


Government Relations
Albany

On the Legislative Front: Credit Union Bills
  • A.6949B Zebrowski/S.6700, Hamilton would permit federal and state chartered credit unions to accept State and Local deposits through the BDD program (a program currently available only to banks and thrifts). The bill is on the floor of the Assembly, but has not yet moved in the Senate, where it remains in the Banking Committee. 
  • The Assembly Ways & Means Committee reported A.10232, Jean-Pierre)/ S.7100, Kavanaugh, which would allow low- income credit unions in New York City to join the Banking Development District (BDD) program. Credit unions in those branches within the BDD could accept municipal deposits (for the BDD program.) So far, it does not have support in the Senate. IBANYS was able to stop these initiatives last year, and we are opposing them this year as well. It would be inappropriate for credit unions, which pay no taxes, to have the additional ability to accept taxpayer deposits.
     
. . .Plus, Community Bank Service Corporations, CRA Exemptions Bills
  • S.3755 (Savino), which IBANYS supports, helped draft and has on our legislative program, is currently on the Senate floor awaiting a vote after being reported by the Senate Banks Committee. It would provide regulatory relief by allowing state chartered banks under $8 billion to invest in (and utilize) service corporations to achieve economies of scale when complying with regulations by permitting community banks to use such corporations to provide shared services among member banks to reduce compliance costs. IBANYS continues to seek support in the Assembly. 
  • Another bill on IBANYS legislative programS.3756 (Savino), would exempt banks from state CRA examinations if they have assets of less than $1 billion and received a satisfactory or better CRA rating in their most recent CRA exam by its primary federal regulator. That bill has passed the Senate, and IBANYS seeks support in the Assembly.

Online Lending Regulation: IBANYS' Position

The issue of regulating online lending remains in the news. Without doubt, the online lending industry is slowly creeping into the communities, and the community bank space.  As the online lending space continues to change, it should be subjected to oversight, licensing and regulation -- just as banks are. IBANYS is preparing a comment letter making these points, and supporting a level playing field for all lenders, whether online Fintech type loans or brick and mortar loans. 


Underwood Appointed Attorney General Through 2018

Acting State Attorney General Barbara Underwood
In a rare Joint Legislative session, the NYS Legislature has appointed Acting State Attorney General Barbara Underwood to serve in the position for the rest of the year. She has stated she will not seek election to a full term in November, but will only serve the remainder of the unexpired term of former Attorney General Eric Schneiderman, who resigned two weeks ago.  Underwood has worked in the office since 2007. Her resume includes a clerkship for Supreme Court Justice Thurgood Marshall. Assembly Speaker Heastie (D-Bronx) said she will bring "stability to the office." Following her confirmation, Underwood stated: "I've served in many roles in government throughout my career. But I believe this job - at this moment in history - is the most important job I have ever had." 


State Political Potpourri
State Party Nominating Conventions 


New York's campaign season heats up this week. Democrats and Republicans both hold their state nominating conventions in New York. Gov. Cuomo is expected to win the backing of the Democratic Party. His primary opponent, Cynthia Nixon, is going to the convention in an attempt to win the 25 percent
New York Gov. Cuomo
she needs to also get onto the primary ballot. Nixon recently accepted the nomination of the Working Families Party, which guarantees her a spot on the ballot in November. 
Former Secretary of State, New York Senator and presidential candidate  Hillary Clinton delivers the keynote address at today's state Democratic convention. She  also endorsed Gov. Cuomo for a third term. Former Vice President Joe Biden will address the convention tomorrow, and is also expected to endorse Cuomo. Meanwhile, Lt. Gov. Hochul and State Comptroller DiNapoli are expected to be renominated, while NYC Public Advocate Letitia James appears to be the frontrunner for the Attorney General nomination following Eric Schneiderman's resignation two weeks ago. Governor Cuomo has endorsed her for the nomination yesterday.


Marc Molinaro
The state GOP convention is expected to nominate Dutchess County Executive Marc Molinaro for governor. He has reportedly 
picked Julie Killian, former Rye deputy mayor and a two-time candidate for state Senate in Westchester County, to run for Lt. Gov. Molinaro called Killian his "partner in this campaign to restore New Yorkers' belief in the future of our state." Killian lost a special state senate election last month to then-Assemblywoman Shelley Mayer. Two attorneys from New York City, Keith Wofford and Manny Alicandro, are seeking the GOP nomination for Attorney general. No Republican has won a statewide race in New York since Gov. Pataki won a third term in 2002. A recent Quinnipiac University poll gave Gov. Cuomo a comfortable lead in a head-to-head matchup with Molinaro. 


Battle For The Senate

The campaign committee for the Senate Republican conference today has $1.5 million in cash on hand and has raised $1.2 million since January. The Senate GOP's  war chest is roughly double what Senate Democrats have reported. Republicans face significant political headwinds this year as they try to retain their majority, including being forced to defend five open seats due to retirements. Democrats last month retained two seats in special elections in the Bronx and Westchester County, and have a mathematical majority in the 63-seat chamber. However, Republicans Senate hold governing power because Brooklyn Sen. Simcha Felder, a Democrat, is still allied with the GOP conference. Meanwhile, it was reported that approximately 40 former senate staffers who were employed by the now-extinct Independent Democratic Conference (IDC) lost their jobs after the IDC rejoined the regular Senate Democratic Conference.

Washington, D.C.

House Gives Final Legislative Approval To S.2155 Reg Relief Bill 

The House's passage yesterday of S.2155,
the "Economic Growth, Regulatory Relief and Consumer Protection Act"  will put the bill on the President's desk for his signature. A senior administration official indicated plans to get the bill to him before Memorial Day, and that there might be an announcement in the next couple of days about expediting the president's signature. Once signed, it will result in  the most important regulatory relief for community banks since the enactment of  Dodd-Frank eight years ago.   S. 2155 is an key step toward tiered and proportionate community bank regulations. 
  • It addresses easing "qualified mortgage," escrow, capital, call report, exam, appraisal, Volcker Rule, Home Mortgage Disclosure Act, and reciprocal deposit requirements. 
  • It would expand access to the Federal Reserve's Small Bank Holding Company Policy Statement, allow federal savings associations with $20 billion or less in assets to operate with national bank powers, and provide relief for larger community banks, including higher asset thresholds for systemically important financial institution designations and easier stress testing and formal risk committee requirements.
Both the House vote yesterday and the Senate passage in March were  impressive displays of bipartisanship in this era of strong partisanship and often divisive politics. T he House vote of 258-159 included 33 Democrats, while the Senate vote of 67-31 included 17 Democrats.  IBANYS joins with ICBA in lauding  the members of Congress who voted for community banks and this ICBA "Plan for Prosperity"-inspired measure. ICBA President Rebecca Romero Rainey thanked community bankers and affiliated state associations (like  IBANYS) who worked for years on behalf of regulatory relief. "This hard-fought, long-awaited community bank regulatory relief legislation will put community banks in an enhanced position to foster local economic growth and prosperity," Romero Rainey said. ICBA EVP Paul Merski noted:  "We fought anything that would be added to the bill for the mega banks that would jeopardize the effort. We managed to get this legislation done in spite of the mega banks."

Supporters noted the bill would make it easier for banks to lend and would adjust regulations to fit the risks posed by lenders of various sizes. "This is the most pro-growth banking bill in a generation," said House Financial Services Chairman Jeb Hensarling (R-Texas).

The Senate is now expected to separately consider an additional package of reg relief bills passed in the House.
  • Click here to read ICBA's statement on House passage of S.2155 and summary of its regulatory relief provisions.
  •  Click here to read IBANYS President John Witkowski's message to New York community banks on yesterday's final legislative approval of S.2155
  • Click here to read Reuters analysis: "Small banks trump Wall Street on Dodd-Frank rewrite"

IBANYS Member Jill Sung Helps Set Record Straight on HMDA In Leadup To Final Vote on S. 2155

Jill Sung
A provision in the S. 2155 regulatory relief bill affecting Home Mortgage Disclosure Act reporting was misrepresented on Capitol Hill, and two minority community bankers -- including a member of IBANYS' Government Relations Committee -- corrected the record in an op-ed in 
The American Banker. The op-ed was co-authored by Abacus Federal Savings Bank President & CEO (and IBANYS G.R. Committee member) Jill Sung. It clarified that the legislation maintains longstanding HMDA data fields, and reforms only the dramatic expansion of reporting mandates imposed by the Consumer Financial Protection Bureau in 2015.


Future Of Farm Bill After House Defeat: Another Vote In June?

The House last Friday failed to pass its version of the farm bill. "The Agriculture and Nutrition Act of 2018" (H.R. 2) was defeated on the floor by a vote of 198-213. The bill was opposed by the Freedom Caucus members, who wanted to include immigration reforms, and all House Democrats, who opposed work requirements for food stamp recipients.  ICBA urged lawmakers to continue working on the bill, and House Agriculture Committee Chairman  Michael Conaway  (R-TX) said Congress would deliver legislation by the Sept. 30 deadline. House Majority Whip Steve Scalise (R-LA.) said the farm bill will get another vote on June 22, after the House considers an immigration bill earlier that week. ICBA said a new farm bill is needed to support continued community bank financing of farmers, ranchers and rural communities.  Meaningful, in the aftermath of last week's 
the Senate Ag Appropriations Subcommittee this week begins  marking up fiscal 2019 agriculture appropriations legislation 
today. It will include funding levels for USDA guaranteed farm loan programs and other USDA programs. The House Appropriations Committee  marked up  its version of the bill at the subcommittee level last week. The House bill included $2.75 billion for guaranteed farm ownership loans, the same amount as last year, and $1.96 billion for guaranteed farm operating loans, the same as the fiscal 2017 appropriations but slightly higher than last year.


In Other News From Washington:
  • President Trump signed into a law a congressional resolution overhauling a rule issued by the Consumer Financial Protection Bureau (CFPB) aimed to bar discrimination in auto lending. The joint resolution, passed by the Senate and the House of Representatives. The CFPB said the resolution prevented the agency from enacting a "substantially similar" rule unless it was specifically allowed to do so by lawmakers.
Industry Trends & Updates
Leading Indicators Up Again

A composite index of leading economic indicators gained for the sixth straight month in April.  The  Conference Board 's Leading Economic Index gained 0.4 percent to 109.4, matching expectations from economists polled by Reuters.  "In April, stock prices and housing permits were the only negative contributors, whereas the labor market components, which made negative contributions in March, improved," a spokesperson noted.  The index measures 10 key metrics of economic movement, and jumped 0.3 percent to 109 in March following 0.7 percent increase in February.


FDIC: Community Banks' Profits Up In First Quarter

Community banks reported $6.1 billion in net income during the first quarter, a 17.7 percent increase from the previous year, according to the FDIC's Quarterly Banking Profile. An 8.3 percent increase in community bank net operating revenue and a lower effective tax rate boosted first quarter net income, while loan-loss provisions increased by 23.7 percent. Overall, FDIC-insured institutions reported a 27.5 percent annual gain. More than 70 percent reported annual earnings growth, with the percent of unprofitable banks declining to 3.9 percent from 4.3 percent a year ago. The FDIC's Problem Bank List declined from 95 to 92 during the quarter, the lowest level since the first quarter of 2008. Merger transactions absorbed 65 institutions, three new charters were added, and there were no failures. The Deposit Insurance Fund (DIF) balance rose by $2.3 billion to $95.1 billion, and its reserve ratio was unchanged at 1.30 percent.  The FDIC noted that community lenders grew loans faster than the overall industry.   

OCC Acts On Short-term, Small Dollar Credit


The Comptroller of the Currency has spoken about priorities to help banks and savings associations create jobs and promote economic opportunity, better serve their customers and communities, and continue to operate in a safe and sound manner. These priorities include:
  • Modernizing OCC's approach to the Community Reinvestment Act (CRA) to encourage more investment and lending where it is needed most;
  • Encouraging banks to meet short-term, small-dollar credit needs;
  • Making compliance with the Bank Secrecy Act more efficient while improving OCC's ability to fight criminal activity and terrorist financing;
  • Simplifying regulatory capital and the Volcker Rule. 
Today, the OCC acted on one of those one of those stated priorities--encouraging banks to meet short-term, small-dollar credit needs.  The OCC stated that national banks and federal savings associations can provide affordable short-term, small-dollar installment lending options that help consumers, including consumers with weaker credit histories who have the ability to repay. Read the full release from OCC
 

Fed Survey: Retirement Savings, Emergency Funds A Problem For Many

housing money
According to the Federal Reserve's Report on the Economic Well-Being of U.S. Households in 2017, approximately 40 percent of adults said that if faced with a $400 unexpected expense, they would either not be able to pay it or would do so by selling something or borrowing money. Additionally, less than 40 percent of non-retired adults think they are on track in saving for retirement, and 25 percent have no retirement savings or pension at all.


Mortgage Volume Is Down

The Mortgage Bankers Association's seasonally adjusted report found there was a 2.6 percent drop in total mortgage application volume last week. Volume was 10.5 percent lower than a year ago.  Refinance volume has been falling for the past month, and dropped another 4 percent last week to the lowest level since December 2000. Refinances are 27 percent lower than a year ago and now make up just under 36 percent of mortgage application volume.

McWilliams Tenure At FDIC Close -- Will Gruenberg Stay On Board?

Jelena McWilliams
President Trump's nominee for FDIC Chair, Jelena McWilliams, could be confirmed as early as this week. Meanwhile, current FDIC
Martin Gruenberg
FDIC Chairman Martin Gruenberg, who has served on the FDIC board in various capacities since 2005, is reportedly Democrats' choice to serve as vice chairman, one of two seats on the five-member board selected by the opposition party. Gruenberg refused to comment on the speculation he may continue to serve once McWilliams succeeds him as Chair.


Banking News
Online Lending

Excelsior Growth Fund (EGF) is NYBDC's nonprofit Community Development Financial Institution and IBANYS' exclusive online lending partner. Their  mission is to help businesses in New York, New Jersey and Pennsylvania grow by providing small business loans and advisory services. As a nonprofit organization and a U.S. Treasury-certified Community Development Financial Institution  (CDFI) , they're a responsible lender you can trust. Their  products are affordable and flexible, and their advisory services can help you reach your business goals. Their signature product, the EGF SmartLoan™, provides up to $100,000 through a streamlined online platform.  Loans are approved in 1-2 days and funded in a week.  For more details, please visit: http://excelsiorgrowthfund.org/egf_smartloan/ 

Spotlight Bank of the Week


Generations Bank traces its heritage back to 1870, since that time we have been serving the financial needs of people and businesses across the Finger Lakes region. In addition to being a full service bank, Generations Agency provides insurance services to families and businesses. We employ a unique blend of traditional service and technology to deliver an experience available when, where and how the customer wants to do their banking.

Our products and services often go beyond what you might expect. For example, our MyGenMortgage is specifically designed to help enable home ownership in our communities. The GO PREMIUM and GO PREFERRED checking accounts offer extra benefits to customers by delivering value added features like ID Theft Aid / Credit Monitoring, Roadside Assistance, Cell Phone Protection and EZ Saver account rounding at no additional cost. GO PREMIUM and GO PREFERRED customers also have access to discounts at retailers, shops and restaurants locally and nationally.
2018 "Right To Run" 19k
 
Generations believes it is important to give back to the communities where we work and live, we support many local causes and charities with special emphasis on affordable housing and benefitting children. In addition to financial support, bank employees donate their time to charitable causes with more than 62% participating.

Headquartered in Seneca Falls, one of our neighbors is the National Women's Hall of Fame. For the past three years, the Bank has been the organizing sponsor of the "Right to Run" 19k - celebrating the women's movement. The race's unusual distance - 19 kilometers, is a nod to the 19th Amendment whereby women secured the right to vote. Proceeds from the event support the Women's Hall of Fame.
Tastes & Tunes 2017
Generations also hosts "Tastes and Tunes" an annual event featuring Finger Lakes wineries, breweries, food and music. The event supports local food banks and charities that fight hunger in our community.

The Bank also takes pride in being named one of Central New York's "Best Places to Work" each of the last four years.

As Generations continues to grow, we never lose focus on opportunities to strengthen our communities - through the products and services we offer as well as corporate involvement.

To learn more about Generations Bank, please visit www.mygenbank.com.

IBANYS Spotlight Is On...
 
                  

Sandler O'Neill + Partners, L.P. is a full-service investment banking firm and broker-dealer focused on the financial services sector. Clients include a wide variety of financial firms nationwide, and increasingly, around the globe. The firm provides the full suite of investment banking services, including merger and acquisition advisory, capital markets, fixed income and equity trading and sales, equity research, balance sheet management, mortgage finance, and consulting services to financial institutions and their investors. Sandler O'Neill is a partnership and different by design. Since the firm's founding in 1988, its partners have sought to provide banks, thrifts and other financial services companies with an alternative to large Wall Street banking firms. Their focus has always been to enhance the franchise value of our clients. They provide clients a wealth of experience and knowledge more critical to them today than ever. Now in its third decade, the firm has remained true to its disciplined focus on financial companies, and our expertise continues to grow. Its commitment to the highest level of customer service has made it a market leader in each of its core businesses. The firm's structure and unique culture allow it to draw resources from multiple parts of the firm to craft creative solutions to meet increasingly complex client needs.

Contact Richard Olstein, Managing Director: 


IBANYS Endorsed Services
IBANYS identifies offers products and services that provide value to your banks, companies, employees communities. These brief summaries provide links for information. Please contact IBANYS President John Witkowski with questions.


Health & Wellness

My Wellness Resource & TELADOC

The health and wellness landscape continues to evolve. "My Wellness Resource" can be a nice addition to your existing benefit package. 

Teladoc can save your banks time and money, and provide real value to your employees as this testimonial from a New York community bank CEO proves:
HERE'S WHAT YOUR FELLOW NEW YORK
COMMUNITY BANKER SAYS. . .
"I wanted to let you know that some of our employees and I have been using "Teladoc" and it is one of the best things we have done for the bank. We all love it: We are saving time, avoiding waiting in an urgent care center or a doctor's waiting room for non-emergency related illnesses . . .and it is easy to use and convenient. Once you use it, you are hooked! This was a great find! Would recommend it to all banks."

Mario Martinez 
Chairman & CEO
Catskill Hudson Bank

Contact Alan Justin: (716) 907-5500. 


"Cure the Blue" Helps Banking Industry Battle Prostate Cancer!

The "Cure the Blue" program sponsored by the Buffalo Bills Alumni Foundation allows New Yorkers to participate in one of the most comprehensive efforts to help promote prostate cancer awareness and research in the United States.  Lake Shore Savings Bank has provided prostate cancer literature and Cure the Blue information at all eleven of its branches and their headquarters in Dunkirk. The bank also offered Cure the Blue ceramic lapel ribbon pins for a $5.00 donations to Cure the Blue to all their customers. "We fully understand the severity of this disease and the devastating effect it can have on families" said Lake Shore Savings Bank President and CEO Dan Reininga. "Our support of the Buffalo Bills Alumni Foundation's "Cure the Blue" initiative is something that we are taking very seriously and are proud to support." Buffalo Bills Wall of Famer and Alumni Foundation President Booker Edgerson, a two time prostate cancer survivor, said the bank has been a tremendous longtime supporter, noting: "They have really stepped up to the plate with their unwavering support of our Cure the Blue initiative." 

IBANYS urges all of our member banks, associate members and allies to join the effort. Cure the Blue" raises funds and awareness regarding prostate cancer in New York State. Visit  curetheblue.com  to get involved! Of all new cancer cases in the nation, prostate cancer represents 9.6%. In 2017, there were an estimated 161,000 new cases, and more than 26,000 fatalities due to the disease. Support IBANYS' "Cure the Blue" campaign to help New Yorkers participate to promote prostate cancer awareness and research.


Secure. Enhanced Internet Presence


The .bank program by fTLD operates trusted, verified, more secure, easily-identifiable internet locations for financial companies and customers. www.icba.org 

Did You Know?

. . .That  community banks provide 77% of the nation's agricultural loans, and over 50 percent of small business loans? Community banks also play a major role in local real estate lending, particularly for housing, where knowledge of local conditions and borrowers is necessary. In 2013, the default rates for loans secured by oneto four-family residential properties ran at 3.47 percent for small community banks (banks with $1 billion or less in assets) versus 10.42 percent for banks with more than $1 billion in assets.  (Source: " The State and Fate of Community Banking" by Marshall Lux & Robert Greene, February 2015.)

 
New York community banks play a key role in our state and local economies. Help spread the good news among our customers, business, elected leaders and the media!



John J. Witkowski
President & Chief Executive Officer

Stephen W. Rice
Director of Government Relations & Communications

Linda Gregware
Director of Administration & Membership Services

William Y. Crowell III
Legislative Counsel

Natalie Rowan
Marketing & Social Media Assistant
Connect With Us!