North Carolina Bankers Association

Seasons greetings from your friends at the North Carolina Bankers Association! We wish you all a relaxing holiday season and a restful start to the new year.

Eva Ogden, SHRM-SCP (Pinnacle Financial Partners) stopped by the NCBA office for a brief visit and made time for a photo with friends! Thank You, Eva!

It’s been a busy news week for NC bankers! Stay informed with the #NCBankersBulletin (https://lnkd.in/g49FEUwn) for these stories and more:   #HurricaneHeleneUpdate: The NC Office of State Budget and Management revised the estimated damage from Hurricane Helene to $59.6 billion, up from $53.6 billion. This includes $44.4 billion in direct damage, $9.4 billion in indirect damage, and $5.8 billion for future mitigation investments. Helene's impact is more than three times that of Hurricane Florence in 2018.   #RegulatoryRelief: Senators Tillis and Budd are leading efforts to urge federal regulatory agencies to extend flexibility for loan modifications to support recovery from Hurricanes Helene and Milton.   #GovernmentShutdown: Congress faces a December 20 deadline to avoid a government shutdown. A proposed continuing resolution to fund the government through March 14 has been scrapped, leaving negotiations in flux.   #HouseFinancialServices: Rep. French Hill (R-AR) has been appointed to chair the House Committee on Financial Services in the 119th Congress, succeeding retiring Rep. Patrick McHenry. Meanwhile, former NC House Speaker Tim Moore (NC-14) has joined the committee, leaving just one North Carolinian on the panel for the upcoming session.

The annual CAVA RMA Commercial Lending School, hosted by the North Carolina Bankers Association and the RMA Carolinas-Virginias Chapter, is set to return in October. This event offers a prime opportunity for participants to master the essential basics of commercial lending together with fellow banking professionals. Mark your calendars and stay tuned for further details!

Congratulations to the incoming 2025 NCEL Council leadership team! We are excited to see where this group takes the North Carolina Emerging Leaders over the next year. #NCEL2025 #LeadershipInAction #EmergingLeaders

What's the latest in the world of banking? Read the #NCBankersBulletin (https://lnkd.in/g49FEUwn) for these stories and more:   #NCBankingImpact - A new report from Appalachian State University reveals North Carolina’s banks support nearly 176,000 jobs statewide and generate $31.5 billion in annual economic activity, including $10.1 billion in incremental labor income.   #ProveItAct - The House has passed the Prove It Act (H.R. 7198) in a 208-196 vote, aiming to enhance protections for small businesses in the regulatory process. With only one week left in the 118th Congressional session, the bill’s future in the Senate remains uncertain.   #HomebuyersPrivacy - A bill aimed at limiting the use of credit trigger leads has been excluded from the fiscal year 2025 National Defense Authorization Act (NDAA). The text of the Homebuyers Privacy Protection Act (S 3502 / HR 7297) had appeared in an earlier version of the NDAA, but this text was omitted from the final negotiated language of HR 5009.

Join the conversation at the 23rd annual Economic Forecast Forum, January 14, at the Sheraton Imperial Hotel in Durham. Don’t miss the fireside chat featuring: - Peter Gwaltney, President and CEO, North Carolina Bankers Association - Gary Salamido, President and CEO, NC Chamber Hear expert perspectives on the economic challenges and opportunities shaping North Carolina in 2025. Early bird registration closes on December 14, so don't wait - secure your spot today! Co-presented by the North Carolina Bankers Association and NC Chamber, and sponsored by NC Association of REALTORS®. #NCForecast2025

Calling all North Carolina Emerging Leaders! Don't miss out on these opportunities to connect with industry professionals and expand your professional network. Join us in Raleigh on Thursday for the chance to meet your peers from RMA Triangle Chapter, then join us in Charlotte and get to know the folks from RMA Charlotte Chapter.    To RSVP for the Triangle event on December 12, visit -> https://lnkd.in/eVv5N5eZ   To RSVP for the Charlotte event on December 18, visit -> https://lnkd.in/eEPZt5tw

Yesterday, the NC Emerging Leaders Council held a special meeting to kick off the NCEL Mentorship Program. Mentors and mentees were matched and met for the first time, marking the start of a year-long journey of advice, guidance, and growth.    We'd like to express our sincere gratitude to Sharon Daniels and Pinnacle Financial Partners for hosting! We'd also like to thank the NCEL Mentorship Program Committee: Lacy Cross (Movement Bank), Will Johnson (TD), Ryan Morgan, CBTP (North State Bank), Ingrid Nelson (First Carolina Bank), Elise Penland (HomeTrust Bank), and Leanne West (Pinnacle Financial Partners)   We're excited to see the personal and professional development this program inspires for mentees and mentors alike. Here's to a year of building connections and shaping futures!

What's the latest? Read the #NCBankersBulletin (https://lnkd.in/g49FEUwn) for these stories and more:   #NCDisasterRecoveryAct: The NC Senate has voted to override Governor Roy Cooper's veto of S 382, the Disaster Recovery Act of 2024 - Part III. The Governor criticized the bill for reallocating funds without addressing Western NC's needs and claimed it infringes on constitutional powers. A House vote is scheduled for December 9, with plans to adjourn the session on December 13.   #BOIReporting: A federal judge has blocked the enforcement of the Corporate Transparency Act's beneficial ownership reporting deadline, citing constitutional concerns. Businesses nationwide are temporarily exempt from the January 1 deadline unless overturned by a higher court.   #AssessmentRates: The OCC has announced a 2025 assessment rate increase. Rates for assets above $40 billion will rise by 16%, while all other rates will increase by 2.65% to reflect inflation. Changes take effect January 1, with assessments due March 31 and September 30.