Remove 2001 Remove Community Remove Community Bank Remove National
article thumbnail

Will "Plain Vanilla" Kill Community Banking?

Jeff For Banks

I was at a strategic planning retreat a few weeks back where a colleague lauded the concept of bankers getting back to plain vanilla community banking. But if you read or watch interviews of CEOs of community FIs from 2008 forward, you will be bombarded with the message that they didn''t engage in the things that led to the collapse.

article thumbnail

First New Community Bank In Decades Headed To US Market

PYMNTS

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. With clearance to move forward with its plans, the community banking landscape will see its first new industry player in years.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Guest Post: Financial Markets & Economic Update 4Q23 by Dorothy Jaworski

Jeff For Banks

The chart showed eerily similar patterns of declines in 1990 and 2000-2001. Mortgage rates are now close to 8.00%; affordability is at its lowest point since 1989, according to the National Association of Realtors. Dorothy has been with Penn Community Bank and its predecessor since November, 2004.

article thumbnail

Guest Post: FInancial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

We have one year to go to match the longest expansion since World War II, which was the prosperous period engineered by Maestro Greenspan from March, 1991 to March, 2001. Housing has done well, despite median sales price growth which is less than national averages and lower inventories of properties for sale, which may be propping up prices.

article thumbnail

Consumer Delinquencies Hit New Low; Trend to Continue, ABA Says

American Banker

The 1.35% delinquency rate was the lowest since at least 2001, and it marked nearly four years of delinquencies below the 15-year average of 2.21%.

Trends 68