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Scale Matters … But Smart Matters More

Gonzobanker

A recent round of bank merger announcements and the marquee Capital One/Discover deal illustrate this mantra’s popularity. It’s very hard for regulated banks and credit unions to gain any meaningful efficiencies under $1 billion in assets. It appears nothing else matters but the urgency to get big and get there fast.

Tools 163
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Connecticut federal court allows CFPB claims to proceed against mortgage company and principals for alleged licensing and other violations

CFPB Monitor

The CFPB’s lawsuit names as defendants 1st Alliance Lending LLC and three individuals consisting of the company’s CEO, President of Production, and President of Capital Marketing. The duties performed by the SCs/HLCs required them to hold a mortgage originator license in every state in which 1 st Alliance operated.

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Why now is the time to update your bank’s corporate governance

Independent Banker

He also recommends not updating the resiliency document as only a “table-top exercise.” Grandstrand, who specializes in bank regulation, notes that it’s important to distinguish between shareholder meetings at the holding company level and at the bank level, as different statutes and regulations may apply. Quick Stat.

Oregon 91
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Community Banking According to Andy

Jeff For Banks

He exemplifies the best of next generation bank leadership, with eyes wide open to the next iteration of banking in our rapidly changing environment. It covers all the CAMELS components the regulators grade banks on. One of my tweeps (Twitter friends), is Andy Schornack, CEO of Flagship Bank Minnesota, based in Wayzata.

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Bank Earnings Are Toast – It’s Time to Take Bold Action

Gonzobanker

25% 140 banks will have capital levels that have fallen below 8%. They may be looking for a dance partner or hiding from a regulator. So far, bankers have taken comfort in the soundbite that “this crisis is different” because of the strong capital levels and risk management rigor that has developed since the Great Recession.

Lending 114
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Bright Paths Students Demonstrate New Skills with Incredible Variety of Apps

Perficient

Technology Stack: Flask, SQLAlchemy, Bootstrap, ForeignKeys, Jinja | APIs Used: Used data from “California regulations of possibly harmful products”, which was a CSV file. After receiving her MBA in Business from Dartmouth, Gabriella began a career focused on banking and venture capital.

Milwaukee 348