Jeff For Banks

APRIL 12, 2018

When I first read Standards Needed for Safe, Small Installment Loans from Banks, Credit Unions by the Pew Charitable Trusts that encouraged financial institutions to get back into small ticket consumer lending, I thought “what are they nuts!” So why would banks expand small-ticket, unsecured personal lending?

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Lending Resources Community Metro 60

Jeff For Banks

MAY 20, 2017

Today, I read an American Banker article on how a multi-billion dollar bank is going to ramp up its business lending. Reading between the lines, this bank is likely over the CRE guidance levels, and were probably getting grief from their regulators about it. How significant was CRE lending to the souring of bank loan portfolios?

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Lending Regulation Community Community Bank 60

Independent Banker

DECEMBER 1, 2021

Under the leadership of CEO Randell Leach, Beneficial State Bank is pursuing an ambitious mission of financial activism and strong corporate values. The idea that community banking can be a force for positive change is at the heart of Beneficial State Bank, which engages its customers through financial activism.

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Oakland Community Community Bank Leadership 153

Independent Banker

DECEMBER 29, 2015

Of course, Basel III—otherwise known as the Third Basel Accord—is a global regulatory framework on bank capital adequacy, stress testing and market liquidity risk. The internationally adopted rules, aimed at responding to the deficiencies that led to the 2007 financial crisis, took effect Jan. No one was prepared for January 1st.”.

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Jeff For Banks

NOVEMBER 7, 2015

Me to a community banker: Why don't you offer more options than real estate secured lending to help fund early stage businesses? Banker: Because that's not community banking. I've been in this business over 20 years and still don't know the definition of community banking. I've got news for you.

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Community Bank Community Baltimore Lending 60

PYMNTS

OCTOBER 17, 2017

Walmart claimed it wanted to leverage the proposed bank mainly for the purpose of lowering costs of its backroom processing of check and credit card transactions and to offer high-interest certificates of deposits. Square already has an SMB lending arm – Square Capital – which it operates through a deal with Utah-based Celtic Bank.

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Industry Fintech FDIC Community Bank 108

Independent Banker

FEBRUARY 25, 2015

Coping just fine, community banks in energy-producing regions manage the oil-price plunge. Yet community bankers serving the oil industry say they’ve been expecting a drop in the notoriously cyclical price of crude. Pat Hickman, chairman and CEO of Happy State Bank, a $2.6 It’s nothing that banks here can’t handle.”.

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North Dakota Texas Louisiana Community Bank 70

Jeff For Banks

JUNE 2, 2023

Between 1980 and 1995, more than 2,900 banks and thrifts with collective assets of more than $2.2 More recently and by comparison, the mortgage meltdown and subsequent global financial crisis took down more than 500 banks between 2007 and 2014, with total assets of nearly $959 billion. The old borrow short, lend long strategy.

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FDIC Community Bank Regulation Lending 78

Jeff For Banks

APRIL 25, 2014

In 2013 there were 246 bank and thrift merger and acquisition deals announced, the highest number since 2007 when there were 318 deals. This all comes with fewer banks than there were in 2007. of Ocala, Florida on the bank''s sale to Heritage Financial Group, Inc. What is driving deal volume? Our combination.

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Community New York Indiana Connecticut 93

Jeff For Banks

JUNE 8, 2013

Louis Fed recently performed a study to uncover the characteristics of community banks that thrived during the financial crisis. Thriving banks were defined as under $10 billion in assets, and maintained a composite CAMELS 1 rating in each exam cycle from 2006-11, an impressive accomplishment. Build a Better Lending Function.

St. Louis 109

St. Louis Lending Study Strategy 109

Jeff For Banks

DECEMBER 29, 2020

Live Oak was founded in 2007 to provide business loans, primarily Small Business Administration (SBA) guaranteed loans, to select industries, like dentists and veterinarians. They opened in 2007! But it goes beyond traditional banking. While the S&P US BMI Banks Index was down 16%, FDBC held serve.

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North Carolina Capital Community Bank Wisconsin 147

Independent Banker

APRIL 28, 2016

Our bank has a strong partnership with our local Federal Home Loan Bank and has used its Mortgage Partnership Finance program. Members of our lending team are not order takers. They don’t sit back and wait for the business to walk in the bank. Our lending culture is “let’s make it happen.”

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Marketing Illinois Community Lending 70

Jeff For Banks

SEPTEMBER 13, 2015

Selection: Greg Garrabrants, BofI Holding, Inc, (NASDAQ: BOFI) Greg has been in charge of the Bank since 2007. Prior to BofI, he was an investment banker, management consultant, and attorney to the banking industry. Selection: Mitch Englert, EVP of Community Banking, Capital City Bank Group, Inc.

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Community Bank Lending Community Security 60

Independent Banker

FEBRUARY 25, 2015

Community banks, which will continue to face a growing number of senior customers with everyday cash needs and built-up home equity, should explore this niche lending opportunity, two community bankers providing these specialty loans suggest. The bank has a goal of closing 100 reverse mortgages each month this year.

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Trends Community Lending Community Bank 70

Jeff For Banks

MARCH 3, 2018

Six years ago I asked in a blog post Will Plain Vanilla Kill Community Banking ? In the above blog post, I discussed Apple and Bank of New York Mellon. Sticking with the Apple theme, in 2007, they launched the iPhone. Leader Bank - A $1.2 The bank now licenses the product to other financial institutions.

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Apple Millennials Massachusetts FDIC 66

South State Correspondent

APRIL 10, 2023

CRE Risk Background While ten years ago, community and regional banks use to make up some 55% of the CRE market, in 2023, these banks now compose approximately 72% (below). The risk here is that community banks continue to take on an above-average amount of CRE credit exposure. touched off a wave of bankruptcies.

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Community Bank Community Los Angeles Regional 195

Gonzobanker

DECEMBER 17, 2021

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Goes to Larry Mazza and the crew at MVB Bank in West Virginia. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. 82% to over 2.3%

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Fintech Strategy Leadership Lending 143

Gonzobanker

SEPTEMBER 10, 2019

After a fizzled out Metavante core partnership in 2007, a second market entry attempt through the 2013 acquisition of Trinovus, and some related false-start T24 community bank core implementations (that later resulted in the sunsetting of Trinovus’ Trinisys core), Temenos finally found a market beachhead in the 2015 acquisition of lending solutions (..)

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United States Texas Austin Kansas City 88

Fintech Labs Insights

MAY 28, 2015

In addition to securing an $8 million venture debt line from Silicon Valley Bank, the lending-as-a-service innovator reached $800 million in loans deployed to more than 35,000 borrowers, and won a commitment of $125 million from its own lending network of more than 300 credit unions and banks. Jason Hills, SVP Sales.

San Jose 12

San Jose New York City Lending New York 12

Jeff For Banks

DECEMBER 19, 2015

And yes, another Michigan bank. million of red ink 2007-11. Since those dire times, the bank has picked itself up, growing assets to $434 million and total equity to $30.8 through its subsidiary BNC National Bank, offers community banking and wealth management services in Arizona, Minnesota, and North Dakota from 16 locations.

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North Dakota Arizona Michigan Florida 60

Gonzobanker

NOVEMBER 18, 2014

So, isn’t retail delivery about consumer lending? A final Gonzo shout out to Sir Bob Geldof, the best BAI speaker ever (at Retail Delivery 2007), who just launched Band Aid 30 to raise money for the fight against Ebola. Where is the digital engagement energy? Online delivery? Harry Caray himself would have been proud.

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Chicago Retail Branch Design Training 97

South State Correspondent

JUNE 13, 2022

Instantly, the cash flow for those businesses that many community banks lent to is impacted. The result is an unrealistic view of risk that deceive both management and the regulators into believing the bank has a solid risk plan when in fact, they do not. At that point, banks were then reluctant to sell.

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Risk Management Examples social media Management 195

Jeff For Banks

APRIL 14, 2022

2019 Mehrsa Baradaran Baradaran, Mehrsa The Color of Money: Black Banks and the Racial Wealth Gap 2019 Neil Barofsky Barofsky, Neil Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street 2012 Patricia Beard Beard, Patricia Blue Blood and Mutiny: The Fight for the Soul of Morgan Stanley 2007 Ben S.

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America National Denver United States 78

CB Insights

MAY 15, 2019

Notable projects: A blockchain mortgage lending application looks to harness the power of blockchain technology and apply it to the mortgage industry. Founded: 2007. Intended to mimic the approach of a startup, it aims to find ways to disrupt community banking. BBVA — Innovation Labs.

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Innovation blockchain Technology Groups 78

Independent Banker

FEBRUARY 16, 2015

Sherrod Brown (D-Ohio), two lawmakers tapped to lead the Senate Banking Committee for their respective parties, are both independent-minded senators who hold positive views on several priority community banking issues. Richard Shelby (R-Ala.) So I would say he’s open to things we are concerned about.”.

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Community Bank Alabama Ohio Community 70