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Compliance changes to watch in 2023

Independent Banker

The FDIC approved a final rule to increase initial base deposit insurance assessment rates by 2 basis points until the Deposit Insurance Fund (DIF) achieves the FDIC’s long-term goal of a reserve ratio of 2% of insured deposits. The FDIC’s long-term goal for the reserve ratio of insured deposits. Source: FDIC.

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A digital-first bank for south Florida

Independent Banker

In partnership with Nymbus, the bank’s custom digital platform is built on a secure cloud-native core banking system with an open API architecture. Costello has also held senior roles at Bank of Florida, City National Bank and Nations Bank during his 30-year banking career. Katie Kuehner-Heber t is a writer in California.

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The Best Checking Accounts in California of 2021

MyBankTracker

If you live in California and need to open a new checking account, these are some of the best options available. The Largest Banks in California. The largest banks in California, by deposits, are: Bank of America. City National Bank. Best Checking Account from Local California Banks. Wells Fargo. Union Bank.

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E-Signature Approval

Independent Banker

The bank’s mortgage company has developed a national retail lending presence over the last 18 months using phones and email, rather than branch offices. “We Webster says FDIC officials had “no issue” with the mortgage company’s use of electronic signatures during a recent exam of PrivatePlus Mortgage.

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The top-performing community banks of 2021

Independent Banker

Brazos National Bank. Cumberland Security Bank, Inc. Douglas National Bank. Home Bank of California. First Security Bank of Deer Lodge. FSNB, National Association. Pioneer Trust Bank, National Association. AMG National Trust Bank. HNB National Bank. Leader Bank, National Association.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. Security Bank Midwest. Security Bank. American Bank, National Association. Classic Bank, National Association. The First National Bank In Sioux Falls. By Ed Avis. Methodology. Ag Lender Score. Red River State Bank.

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Fizzle Of The Week: Bitcoin — The Bad Neighbor

PYMNTS

For those not used to thinking about electricity by the gigawatt, the estimates mean this: Even at the low end, bitcoin mining uses as much power as a nation state. The debate is whether that nation state is small (Lithuania-sized), medium (Morocco-sized) or medium-large (Israel-sized). Use of power is not very evenly distributed.

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