South State Correspondent

JANUARY 18, 2023

However, in 2023, loan prepayment provisions will be essential tools for commercial banks. The first is a step-down, and it is by far the most common prepayment provision used by community banks. The post Why Prepayment Penalties Matter in 2023 appeared first on SouthState Correspondent Division.

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Abrigo

FEBRUARY 12, 2021

Preparing for 2023 While community banks have until 2023 until they must comply with CECL, there is likely less time than expected. . 2023 CECL Deadline? Each quarter represents an opportunity to refine the CECL model prior to 2023. The time is now to ensure you are ready for January 1, 2023.”

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CFPB Monitor

FEBRUARY 16, 2024

Department of Housing and Urban Development (HUD) recently issued a press release announcing a 2023 update to its Equity Action Plan. The Equity Action Plan is part of HUD’s efforts to implement President Biden’s Executive Order on “ Advancing Racial Equity and Support for Underserved Communities Through the Federal Government.”.

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ABA Community Banking

NOVEMBER 21, 2022

As the end of the year draws near, banking journalist and analyst Paul Davis joins the ABA Banking Journal Podcast to discuss the bank mergers and acquisitions outlook for 2023. The post Podcast: The community bank M&A outlook for 2023 appeared first on ABA Banking Journal.

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Independent Banker

DECEMBER 31, 2022

ICBA is leaning into it, bringing its ThinkTECH Accelerator program and innovation efforts in-house to provide community bankers with targeted solutions. Stevens’ novel, The Lies About Truth , that captures our ethos heading into 2023: “If nothing changes, nothing changes. You want change, make some.” Continuing digital transformation.

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Independent Banker

DECEMBER 31, 2022

While the pace of bank regulatory changes has diminished from a few years ago, several issues will either become effective or likely develop in 2023. Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately. By Mary Thorson Wright.

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South State Correspondent

JANUARY 4, 2023

A potential economic slowdown, slower rate rises, an inverted yield curve, and deposit stress likely make 2023 a trying year compared to 2022. In the past, you have seen us rank customer relevance and total experience as a top priority for banks – not in 2023. Financial pressure will be greater, and bank margins will be higher.

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South State Correspondent

JANUARY 22, 2023

In a previous article ( here ), we discussed why commercial loan prepayment protection would be a critical return on asset (ROA) driver for community banks in 2023. However, many community banks cannot hedge all of their commercial loans.

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Banking Exchange

FEBRUARY 1, 2023

Research by S&P Global shows increased borrowing and declining credit conditions could push up costs substantially Community Banking Feature3 Feature The Economy Financial Research Financial Trends

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American Banker

MARCH 5, 2024

New York Community's recent disclosures that it had financial reporting weaknesses in 2023 raises new questions over the auditors' role. The auditing giant KPMG audited the three regional banks that failed last year.

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Jeff For Banks

DECEMBER 10, 2023

As a point of reference, the S&P US BMI Bank Total Return Index for the five years ended December 7, 2023 was 23.32%. Communities First Financial Corporation (Now FFB Bancorp) (OTCQX: FFBB) #2. Treasury as a Community Development Financial Institution (CDFI). Coastal Financial Corporation (Nasdaq: CCB) #3.

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CFPB Monitor

DECEMBER 28, 2023

On October 24, 2023, the OCC, FDIC and Board of Governors of the Federal Reserve System jointly adopted final amendments to their regulations implementing the Community Reinvestment Act of 1977 (CRA). Founder/CEO of Community Development Fund Advisors. . Thomas, Ph.D.,

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Independent Banker

FEBRUARY 28, 2023

wanted to be a financier before finding his way to community banking. Photo by Harold Daniels Derek Williams, president and CEO of Century Bank & Trust in Georgia, is bringing his passion for community banking to his term as ICBA chairman for 2023/24. That love of community has defined his career.

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Independent Banker

DECEMBER 31, 2022

We recently spoke with community bank CEOs from across the country to gain insights on how they’re proactively positioning to manage risks and take advantage of growth opportunities in the coming year. Following some respite in 2022, community bankers are bracing for a tougher economic landscape ahead in 2023. Koger Propst.

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Abrigo

NOVEMBER 9, 2022

Financial institutions work to meet Q1 2023 CECL deadline A CECL implementation survey by Abrigo found progress by financial instittuions is mixed ahead of the upcoming deadline. . In many cases, financial institutions adopting CECL for the 2023 deadline are tracking ahead of where SEC registrants were as they faced a 2020 deadline.

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CFPB Monitor

FEBRUARY 7, 2024

District Court for the Northern District of Texas challenging the final regulations (Final Rules) implementing the Community Reinvestment Act of 1977 (CRA) that were jointly adopted in October 2023 by the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Federal Reserve Board (Agencies). .

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South State Correspondent

OCTOBER 26, 2023

There is a rash of bank consent orders that either were just made public or are about to become public that everyone is talking about and have noticeably put a damper on community banks’ enthusiasm for BaaS. The post Recap of Money 20/20 USA 2023 and 10 Banking Thoughts appeared first on SouthState Correspondent Division.

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Independent Banker

JUNE 26, 2022

Be recognized as one of community banking’s best employers. ICBA Independent Banker ‘s Best Community Banks to Work For award is your chance to show job hunters and current staff why your community bank is an unbeatable place to build a career. Please send a note to nominations@icbabanks.org. -->. Leadership.

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Independent Banker

JANUARY 31, 2023

Illustration by Maïté Franchi With educational sessions on hot‑button issues, inspirational speakers and beneficial networking opportunities, ICBA LIVE is the greatest community banking event in the country. Taking place in Honolulu from March 12–16, 2023, ICBA LIVE provides concrete benefits to community banks in three important ways: 1.

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South State Correspondent

JUNE 13, 2023

Conclusion We have always been keen on outlining practices that lead to higher performance for community banks. The post 10 Loan Pricing and Structuring Observations for 2023 appeared first on SouthState Correspondent Division. The hedging mathematics makes the risk/return clearly visible and actionable.

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PYMNTS

MAY 6, 2020

The Federal Reserve has formed a FedNow Community group for its upcoming instant payment offering, the FedNow Service , and needs volunteers to support it, the Fed announced Wednesday (May 6). The Fed acknowledged the challenges brought on by the coronavirus but noted the FedNow Service is still scheduled to be unveiled in 2023 or 2024.

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Abrigo

DECEMBER 22, 2023

The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2023.

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ABA Community Banking

MARCH 21, 2024

Agricultural loan demand increased in 2023 and agricultural lending by U.S. The post ABA: Farm bank lending increased to $110 billion in 2023 appeared first on ABA Banking Journal. farm banks grew 6.7% billion, according to ABA's annual Farm Bank Performance Report.

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Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. We spoke with two community banks that have ramped up their services to meet—and exceed—the changing expectations of customers. Community banks are constantly looking to the future and identifying what customers want. Jeff Versluys, One Community Bank.

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American Banker

DECEMBER 12, 2023

The top five community banks averaged a return on average equity of 75.37% as of June 30, 2023.

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CFPB Monitor

OCTOBER 18, 2023

At its open Board meeting scheduled for October 24, 2023, the Federal Reserve Board is expected to approve its final rule amending its current regulation implementing the Community Reinvestment Act.

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Gonzobanker

AUGUST 24, 2023

The Credit Card Competition Act of 2023 could negatively impact banks’ ability to generate interchange fees and reduce the amount of capital they issue, however. The crisis the WSJ is alluding to is the short-term “crisis of 2023.” Community-based financial institutions can no longer rely on their geographic communities for growth.

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ABA Community Banking

MARCH 7, 2024

The banking industry reported full-year 2023 net income of $256.9 The post Quarterly Banking Profile: Banking net income nearly $257B in 2023 appeared first on ABA Banking Journal.

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South State Correspondent

SEPTEMBER 25, 2023

On September 20, 2023, the Federal Open Market Committee (FOMC) left its benchmark rate unchanged, but it would be a mistake to conclude that the committee did not send a strong message about the projected path of future interest rates. in 2023 and slightly higher in 2024.

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PYMNTS

OCTOBER 12, 2020

He noted there has been additional input from the FedNow Community of 700 members. The Fed has publicly stated that it has committed to a 2023/2024 timeframe for FedNow, and added that “as we look at the delivery of the service, we’re going to be very transparent. The Timeframe . How does one then turn that into cash?

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Independent Banker

FEBRUARY 28, 2023

As community banks navigate this process, there are plenty of resources available to answer questions and provide guidance. Three sources of information on FedNow As community banks look to take advantage of this new opportunity, they seek resources to help them navigate the journey.

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Gonzobanker

FEBRUARY 8, 2023

Fintech startups looking for funding in 2023 are finding that it isn’t as easy as it was a few years ago. Community Banks as Venture Capitalists In fact, not all providers of venture capital are venture capitalists. Among community banks investing in fintech startups, the average investment was nearly $3 million per bank in 2022.

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Independent Banker

AUGUST 31, 2021

Here’s what community bankers need to know when planning their budgets for the next year. These days, there’s a lot to contend with as a community bank, from changing consumer behaviors due to the pandemic to uncertainty surrounding the economy and inflation. By Cheryl Winokur Munk. Quick stat. Source: 2021 Provident Bank survey.

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Banking Exchange

JANUARY 16, 2023

Merchants & Marine Bank and City National Bank have launched separate initiatives to support small businesses and local communities Community Banking Feature3 Feature Small Business Customers People Consumer Compliance

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CFPB Monitor

NOVEMBER 30, 2023

This is our third blog post on the final rule issued on October 24, 2023 by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency amending their regulations implementing the Community Reinvestment Act (“CRA”) (the “Final Rule”). .

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Independent Banker

DECEMBER 31, 2022

I’ve always been a glass-half-full guy, and though 2023 is expected to be a challenging economic year, it also brings opportunity. We simply need to remember what makes us special as community bankers, and with that as our foundation, we can embrace this season of change in four primary ways: 1. Priorities for a successful 2023.

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The Financial Brand

MARCH 9, 2023

This article Community Bankers’ 2023 Outlook: Upbeat on Growth, M&A, and Digital Efforts appeared first on The Financial Brand. This article Community Bankers’ 2023 Outlook: Upbeat on Growth, M&A, and Digital Efforts appeared first on The Financial Brand.

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