Session I: (10:00 am to 11:00 am)
"The Atlanta Housing Market: The Good, The Bad and, The Ugly"
Sales of all homes are up, but Atlanta resale home prices just can't seem to find a bottom, and new construction continues to fall. John will discuss the current position of the new home buyer and review how the housing market performed in 2011 and the beginning of 2012.
John Hunt, Founder and President, ViaSearch, Inc.
John Hunt is the founder and president of ViaSearch, Inc., and an affiliate of Smart Numbers, Inc. Since 1995, ViaSearch has surveyed over a quarter of a million home buyers from Seattle to Washington DC and points in between. In Atlanta, Charlotte and Raleigh, the ViaSearch New Home Buyer report tracks buyer demographics, product preferences and media ratings fro all new home buyers in each MSA. Smart Numbers provides residential real estate information, analysis and forecasting for brokers, builder/developers, and mortgage and banking professionals in 5 Southeastern Markets. Smart Numbers was the only company to provide data to the Senate Banking Committee in October of 2009, helping Senator Johnny Isakson to push through the extension of the Home Buyer Tax Credit. Smart Numbers is regluarly quoted in publications such as the Wall Street Journal and the AJC. The company has also been featured many times as an expert in housing on CNN, FOX and all 3 local Atlanta networks.
Session II: (11:00 am to 12:00 pm)
"Strategic Value of Enterprise Risk Management"
The implications of the lingering economic doldrums, along with the uncertainty surrounding new regulatory and capital requirements, have left many community bank management teams searching for the best strategy to drive future earnings streams and returns to shareholders. This session will discuss the pressures and implications to the traditional community bank business model that has been relied upon for the past several decades, as well as explore the strategic and operational changes that many community banks are considering to reinvent themselves along with the impact these decisions will have on their risk management activities. We will discuss some real life success and failures in dealing with strategic direction and change - and how risk management impacted those situations. After the session the participants will have a better understanding of the upside opportunities and downside risks facing their organization's practices, resources and systems during this time of transition in the community banking industry.
Terrence E. Ammons, CPA, CISA, Partner, Porter Keadle Moore
Terry is a graduate of McNeese State University with a Bachelor of Science degree in Accounting. He specializes in auditing and consulting for financial institutions, manufacturing, distribution companies and contractors. He is an instructor for several educational programs for community bankers. Terry was featured in Accounting Technology magazine for his work in information technology assurance and internal control expertise and was also interviewed by Compliance Week for an article on the effect of Sarbanes-Oxley on Service Auditor Reports (formerly SAS 70). He is a member of the AICPA and is licensed in multiple states. He is also a member of the Financial Managers Society and the Information Systems Audit and Control Association. Terry has 22 years of experience auditing financial institutions and other financial services companies and for the last nine years has focused on IT risk advisory services including Service Organization Control reports, information technology reviews for banks and insurance companies, SysTrust™ reviews and an extensive practice in assessing the vulnerability of corporate networks.span>
Chris Bowler, CISA, Principal, Porter Keadle Moore
Chris is a graduate of Louisiana State University with a Bachelor of Science in Accounting with over fourteen years of experience in computer audit and internal controls consulting. Prior to joining PKM in April 2008, Chris spent twelve years working at an international accounting firm and focused on the delivery of specialized assurance and advisory services dealing with the assessment and design of internal control environments. This included work for financial statement audits, internal audit risk assessments and outsourcing, Sarbanes Oxley compliance, Service Organization Control reports and Agreed-Upon Procedures engagements. The majority of his engagement assignments over the past eight years have been around clients in the technology, information communications, and entertainment industries. Chris is a member of the AICPA and Information Systems Audit and Control Association (ISACA).
Lunch: (12:00 pm to 1:15 pm)
Network with your peers and hear a brief accounting and financial reporting update from Porter Keadle Moore Partner, David Wood.
Session III: (1:30 pm to 2:30 pm)
"Risk Management from a Legal Perspective"
The regulators are raising the bar for enterprise risk management at community banks. Bank boards and senior management need to be thinking of how to satisfy these requirements within the context of the limited resources that community banks can deploy. One more area of focus is being added to an already crowded Board agenda.
"The Impact of the Jobs Act on Community Banks"
In a time of ever increasing regulation, Congress has passed the Jobs Act, a significant piece of deregulation of the federal securities laws. Public and private offerings are both impacted, and likely to be permanently changed. Capital is still hard to raise, but at least a few obstacles have been relaxed.
Jim McAlpin, Partner, Bryan Cave LLP
Jim McAlpin has broad experience in the areas of corporate and business law, including representation of both private and public companies in connection with mergers and acquisitions, corporate finance, corporate restructurings and partnership and joint venture investments. Mr. McAlpin frequently represents Boards of Directors and special committees, and he has an expertise in the area of the duties, responsibilities and fiduciary obligations of corporate directors. Mr. McAlpin is also active in the representation of financial institutions. Mr. McAlpin works on a regular basis with financial institution clients in connection with transactional and regulatory matters. Mr. McAlpin served as Chairman of Powell Goldstein LLP from March 2004 until its combination with Bryan Cave LLP, January 1, 2009. He is currently serving on the Executive Committee of Bryan Cave.
Robert Klingler, Partner, Bryan Cave LLP
Rob Klingler regularly counsels financial institutions, with an emphasis on regulatory compliance, mergers and acquisitions, and securities law issues. Mr. Klingler advises community banks, as well as their officers and directors, concerning issues related to the current difficult financial and regulatory environment. These issues include advice reflecting all aspects of regulatory enforcement actions and, if necessary, preparation for the potential receivership of the institution. He also provides counsel regarding raising capital, strategic alternatives, corporate governance matters, minimizing director and officer liability and strategies for dealing with dissident shareholders. Mr. Klingler has advised clients on, and is a frequent public speaker about, federal and state banking regulations, the Troubled Asset Relief Program (TARP), and the Dodd-Frank Wall Street Reform and Consumer Protection Act. Mr. Klingler also advises public companies, including those listed on the New York Stock Exchange and the NASDAQ Stock Market, as well as private companies, on a wide variety of securities-related issues, including raising capital, the preparation and filing of annual, quarterly and current reports, Section 16 compliance, proxy solicitations and going private transactions. He has served as the lead attorney on several merger and acquisition transactions, including branch purchases, representing both purchasers and sellers. Mr. Klingler is the founder and principal editor of BankBryanCave.com, Bryan Cave's legal blog focused on banking law issues for community banks. Mr. Klingler is also a founding board member of the Atlanta chapter of the Association of Certified Anti-Money Laundering Specialists (ACAMS). Prior to joining the firm, Mr. Klingler was an assistant coach of the University of Florida Speech and Debate Team. Mr. Klingler initiated the University of Florida's parliamentary debate program and led it to national prominence.