As one of the largest state banking trade associations and one of the largest state trade associations in the country, CBA has a long and proud history of providing its member institutions with the tools and resources to succeed in California’s dynamic banking marketplace.
The California Bankers Association (CBA) and Beacon Economics have released a report, “The Economic Impact of California Banks” which examines the critical role banks play in supporting California’s economy and the communities where they do business. We have also produced a video that complements and highlights the important findings in the report.
The report is authored by Chris Thornberg, Ph.D., founding partner at Beacon Economics, and updates a previous study conducted in 2013.
The 2017 Directors’ College will be formatted as a mock-examination in which the bankers function as examiners rating and assessing risk in our fictional bank.
CBA’s Fintech Symposium will explore and test the viability of fintech partnerships with banks in California to enhance efficiencies, improve risk management practices and provide greater customer and shareholder value. The one-day program will include an executive review of the fintech landscape including channels, banking services, platforms and processes. The program will seek to identify best practices in vendor selection and risk management while providing a forum for fostering potential fintech partnerships.
SACRAMENTO – The California Bankers Association (CBA) today announced that Kathie Sowa, commercial banking market executive and market president of the greater Sacramento region for Bank of America Merrill Lynch, will serve as the 2017-2018 chair of the board of directors for California’s largest banking trade association. Sowa leads commercial banking teams serving clients in the Central Valley and Central Coast of California, and she is also the greater Sacramento market president serving the 1,200 employees in the 7 counties in the market.
Keeping up with the latest regulatory changes and compliance issues can be more than a full-time job. If you’re like most financial services professionals, you have little free time to devote to this top business challenge. You won’t want to miss one of the finest compliance programs in the West where nearly 200 BSA/AML officers, compliance officers and attorneys representing our members are all in search of the best education, products and services available to their institution.
Check out our highlight video of the 10th Annual Women in Banking Forum held on May 25, 2017, at the Laguna Cliffs Marriott Resort & Spa in Dana Point, CA.
Video by Glenn Younger, CBA’s Manager of Professional Development
Come join us at CBA’s newest conference, our Risk Management Conference, which is designed to help you gain insight and get the tools you need to identify and control for risk across the entire bank. We will cover a wide range of risk topics facing today’s banks, including enterprise, operational, market and credit, cybersecurity and regulatory risk.
To assist California bankers pursuing their professional goals, the California Bankers Association (CBA) is offering a number of scholarship opportunities available to any full-time employee of a CBA-member bank who is employed in California. View our 2017 Scholarship Initiative Flyer.
How to Apply, Rules and Qualifying Schools, Certificate Programs and CBA Programs
CBA scholarships will be awarded, upon successful application to pay for the following:
Tuition for the Pacific Coast Banking School at the University of Washington, or the Stonier Graduate School of Banking at the University of Pennsylvania, for the entire three-year term (Deadline for applications is March 31, 2017.)
Tuition up to $1,000 for courses taken for credit related to banking offered by an accredited educational institution such as a four-year college or university, or community college
Fees for professional certificate programs and related preparation courses and study materials for Certified Regulatory Compliance Manager (CRCM), Certified Financial and Trust Advisor (CFTA), and Certified Anti-Money Laundering (CAMS) designations
Registration fees for CBA’s BSA Workshop to be held in conjunction with CBA’s Regulatory Compliance Conference in October 2017.
Applicants applying for scholarships for college courses, professional certificate programs and CBA’s certificated education seminars will be notified of a decision on a rolling basis.
Compensation constitutes the single largest non-interest operating expense. It is extremely important that banking decision makers have current, reliable information for evaluating compensation and benefits at their own institutions.
The California Bankers Association is in business to help its member banks – regardless of their size or specialization – to succeed in California’s dynamic marketplace.
The California Bankers Association (CBA) and Beacon Economics have released a report, “The Economic Impact of California Banks” which examines the critical role banks play in supporting California’s economy and the communities where they do business. We have also produced a video that complements and highlights the important findings in the report.
The report is authored by Chris Thornberg, Ph.D., founding partner at Beacon Economics, and updates a previous study conducted in 2013.
The CBA is pleased to share with you the following video we have created that highlights the negative impact the qualified mortgage and ability to repay rules contained in the Dodd-Frank Act are having on banks’ lending activities. The video is intended to be a resource for all bankers to use to highlight the need to fix specific elements of Dodd-Frank, particularly QM/ATR, as you meet with local elected officials, community leaders, or in forums with your customers. Please also feel free to share and link to the video on your social media platforms.
SACRAMENTO – The California Bankers Association (CBA) today announced that Kathie Sowa, commercial banking market executive and market president of the greater Sacramento region for Bank of America Merrill Lynch, will serve as the 2017-2018 chair of the board of directors for California’s largest banking trade association. Sowa leads commercial banking teams serving clients in the Central Valley and Central Coast of California, and she is also the greater Sacramento market president serving the 1,200 employees in the 7 counties in the market.
CBA President and CEO Simone Lagomarsino says Senate Bill 33, a measure that seeks to promote class action lawsuits, makes trial attorneys, not consumers, the winners.
SACRAMENTO – The Assembly Committee on Aging and Long-Term Care has passed Assembly Bill 611 (Dababneh), which is sponsored by the California Bankers Association, and provides important financial protections for seniors. Specifically, AB 611 gives a bank or credit union, as a mandated reporter of elder financial abuse, the statutory authority to decline a power of attorney if there is actual knowledge that a report of financial abuse of an elder or dependent adult has been made to adult protective services or local law enforcement.
SACRAMENTO – The California Bankers Association (CBA) today announced that Simone Lagomarsino has been selected to serve as the new president and CEO of the association, succeeding Rod Brown, who is retiring after serving in that role for nearly 10 years. Prior to her new role with the CBA, Lagomarsino served as CEO of Heritage Oaks Bank, and president and CEO of Heritage Oaks Bancorp, headquartered in Paso Robles, Calif.
Golden Pacific Bank’s President and CEO Virginia Varela says in Another Voice: Starting a Conversation on Bank Rules in the Sacramento Business Journal, “No matter what your political stance, there is something that we should be able to agree on, and that is there are too many silly, outdated and overly restrictive laws affecting community banks and small credit unions, harming small businesses and their access to capital.”
The financial regulatory reform issue has moved to the Senate now that the House has passed the Financial Choice Act on a party-line vote. CBA joined 51 other state banking associations in a joint letter to Senate leadership urging support for a regulatory relief bill that is currently in development under the direction of Senate Banking Committee Chairman Mike Crapo and Ranking Member Maxine Waters.
The U.S. Treasury Department has officially issued its 150-page report, making several recommendations for how Congress and the regulatory agencies can streamline bank regulation in a way that promotes economic growth.
As the largest banking trade association in California, CBA is the voice of the industry when it comes to legislative, regulatory and legal advocacy. Our efforts strive to ensure a free and competitive market among financial service providers, a level playing field with our competitors, and promote financial education that empowers consumers to exercise real choice.
The 2017 Directors’ College will be formatted as a mock-examination in which the bankers function as examiners rating and assessing risk in our fictional bank.
CBA’s Fintech Symposium will explore and test the viability of fintech partnerships with banks in California to enhance efficiencies, improve risk management practices and provide greater customer and shareholder value. The one-day program will include an executive review of the fintech landscape including channels, banking services, platforms and processes. The program will seek to identify best practices in vendor selection and risk management while providing a forum for fostering potential fintech partnerships.
Come join us at CBA’s newest conference, our Risk Management Conference, which is designed to help you gain insight and get the tools you need to identify and control for risk across the entire bank. We will cover a wide range of risk topics facing today’s banks, including enterprise, operational, market and credit, cybersecurity and regulatory risk.
Register now to join your California and Florida colleagues for our 15th annual joint visit to Washington, D.C., scheduled for September 26-28, 2017, at the Hay-Adams Hotel. This annual trip to our nation’s capital provides us with an excellent opportunity to come together with the Florida Bankers Association to discuss critical issues impacting our industry with our elected officials and representatives from key regulatory agencies.
Keeping up with the latest regulatory changes and compliance issues can be more than a full-time job. If you’re like most financial services professionals, you have little free time to devote to this top business challenge. You won’t want to miss one of the finest compliance programs in the West where nearly 200 BSA/AML officers, compliance officers and attorneys representing our members are all in search of the best education, products and services available to their institution.
BSA/AML continues to be a heightened area of concern for agencies, a trend that is expected to continue in 2017.
Agencies have put a renewed focus on making sure banks know their customers’ entire banking relationship, as well as assess their existing and future risk. Banks failing to do the appropriate due diligence on a customer to comply with the Bank Secrecy Act could be symptomatic of broader compliance problems, including a violation of consumer protection laws.
Most banks already have comprehensive systems in place to track suspicious activity. But knowing each customer and how to assess individual risk is more dependent on human judgment, and cannot be easily outsourced to a support system. Some observers said banks may have to improve their training of personnel to look deeper for potential violations.
