April 18, 2016
President Billy rang the bell to call the meeting to order and mentioned that this is “Maternal and Childhood Health” Month.
The pledge and invocation was given by Robert Osborne.
Jita Morrison welcomed our guests and visiting Rotarians.
CART: Thanks to last week’s inside challengers Billy Franke and Susan Jernigan we raised $327.00 for CART. This week the challenger is T.R. Ready and the outside challenger is Master Automotive.
Richard Rogers gave our Sunshine Report.
- District Conference May 13-15th-Savannah Desoto Hilton. Raffle tickets are available for sale to help defray the cost of the event. Service Project -Phinizy Swamp (ten volunteers needed)-April 30th and Fire-K 5K Run (5 volunteers needed).
- The club will hold its annual golf tournament on May 16th. More details to follow.
President Billy called on Walter Sprouse to introduce our newest member, Betts Murdison, Executive Director of the Ronald McDonald House.
President Billy Franke called on Mark Miller to introduce our guest speaker, Mr. Dan Blanton Chair of the American Bankers Association.
Mr. Blanton gave an update on the 194 banks in Georgia. Our state is well banked when compared to others like Oregon which only has 26 banks chartered. Over 90% of Georgia banks were profitable last year and over 98% of all banks are considered to be well capitalized.
Mr. Blanton shared some of the compliance struggles related to excessive regulation created by the Dodd Frank Act. The Act was over 2300 pages long and calls for 400 new rules. So far, 224 rules have been written creating 14,000 pages of documentation. He estimates the compliance burden cost financial institutions an extra 10% in expenses each year.
He made three final points before closing with questions. First, mobile banking with smartphones are the branch of the future, second, security is the foundation of the banking business, and finally, the future is bright for Georgia banks.
Next meeting April 25, 2016 and the speaker will be Tracy Ide with LifeLink of Georgia who will discuss Saving Lives Through Organ Donation.
The meeting was adjourned by reciting the four way test.
Rotary Golf Tournament
Monday, May 16th
River Golf Club – 1:00 Shotgun
Guests Are Welcome
Inside Challenger: T. R. Reddy
Outside Challenger: Master Automotive
Steve Farmer 4-18-16 Rotary Board of Directors Meeting
The following attended the Rotary Board of Directors Meeting on April 19, 2016: