Identity theft by security breach: Notification

There is a July 1 effective date for legislation enacted last year which requires any entity, including banks and trust companies which own or license computer data that contains personal information to notify anyone affected if a security breach for the data has occurred and if the entity reasonably believes that the data was acquired by an unauthorized third party. Notification is not required if the data is encrypted. The measure defines “personal information” and delineates the notice requirements. CBA prepared and distributed a Regulatory Compliance Bulletin on this issue last year which was circulated to the membership. (A copy of that Regulatory Compliance Bulletin is enclosed for your reference.)

Registered warrants: Update

The subject of the State of California issuing registered warrants as a result of massive budget shortfalls continues to be a popular one in Sacramento. CBA will conduct its third in a series of meetings with the State Controller’s Office and State Treasurer’s Office on July 1 to further discuss and explore the issue. The results of this meeting, as well as any other developments on the issue, will be reported in upcoming issues of Monday Courier.

Palm Desert National Bank honored with Community Service Award

Palm Desert National Bank was awarded the Community Service Award from the Palm Desert Chamber of Commerce on June 18. Palm Desert National Bank was selected for its commitment to such causes and activities as Shelter from the Storm, Children’s Discovery Museum of the Desert, American Cancer Society, United Way and the Palm Springs International Film Festival. Congratulations to Palm Desert National Bank for being honored with this prestigious award.

San Diego National Bank honored by AMA

CBA also wants to congratulate San Diego National Bank, which was recently honored by the San Diego chapter of the American Marketing Association for its “We Know San Diego” annual report. The bank’s annual report was given the “American Marketer of the Year” (AMY) award for Best Annual Report in 2002.

Meetings with candidates: An opportunity to shape the Legislature

The combination of term limits and an early primary (March 2004) means we have a new crop of candidates running for office. A number of these candidates come by our offices to meet with the lobbying staff. As part of our grassroots program we will be scheduling meetings in the districts with bankers for some of the more viable candidates that we meet. If you have a candidate that you would like CBA's help in setting up a local meeting, just give Mary Boruff a call at 916/441-7377 ext. 207.

A confidential service for bankers: The FDIC Office of the Ombudsman

The concept is an old one that dates to at least the mid-1800s, when the Swedish Parliament created an “ombudsman.” An ombudsman is an intermediary or facilitator of communication between industries or the public and government institutions. Upon request, an ombudsman keeps all information, including the source of an inquiry, totally confidential. Ombudsmen are impartial in determination of outcomes. The FDIC has an Office of the Ombudsman to serve the banking community. When might a banker call the FDIC Ombudsman? Here’s an example:

Though F&M Bank and The Mechanics Bank have been dueling it out for the lead position for the last six months, a new leader emerged this week: Alliance Bank, whose CEO, Curtis Reis, is our current CBA chairman. Congratulations to Alliance Bank for its effort to get to the top of the leader board. Also noteworthy is the move of Pacific State Bank, run by CBA board member Steve Rosso, from the fifth position to the fourth position. Below is the list of banks which have exceeded their Fed PAC fundraising goal so far this year:

Alliance Bank 293%

F&M Bank 265%

The Mechanics Bank 256%

Pacific State Bank 157%

Bank of Stockton 173%

Mission Community Bank 157%

Visalia Community Bank 155%

Pacific Crest Bank 152%

Encino State Bank 146%

First Northern Bank 141%

Affinity Bank 135%

Temecula Valley Bank 133%

Mid-State Bank & Trust 129%

Montecito Bank & Trust 125%

Verdugo Banking Company 118%

Union Bank of California 107%

As of 6/25/03

Legislative meeting update

The following meetings have been scheduled between CBA members and their elected officials. If you would like more information on these meetings, or would like to participate in any of the meetings, please contact Mary Boruff at 916/441-7377, ext. 207. If you are not available, please send a senior officer from your bank. These meetings are a good opportunity for your senior management to get to know the legislators who vote on the issues of importance to your bank.

You are welcome to phone in to a grassroots conference call (888/903-2663) every Thursday afternoon (4:00 pm – State Legislature / 4:30 pm – House of Representatives) prior to a scheduled district office meeting(s) to discuss CBA’s priority issues and to answer any questions you may have regarding meeting with your legislator.

DATE	TIME	LEGISLATOR	LOCATION
July 11 ***	10:00 a.m.	Assembly Member Rick Keene * (CBA Facilitator: Steve Johnson, Butte Community Bank, Chico)	Chico
July 25 ***	12:00 p.m.	Assembly Member Manny Diaz CBA Regions 5 & 7 luncheon	San Jose
July 25 ***	10:00 a.m.	Assembly Member Dario Frommer (CBA Facilitator: Ray Dumser)	Glendale
August 1 ***	1:30 p.m.	Assembly Member John Campbell (CBA Facilitator: James Clark)	Irvine

* Freshman legislator

** Meeting rescheduled – new time

*** Meeting rescheduled – new date/time

Current Events - 06/30/2003