South State Correspondent
OCTOBER 23, 2022
Banks must plan for the possibility of high inflation and rising interest rates, not just for the next few years but perhaps for the remainder of the decade. This rapid change in interest rates requires careful planning, product selection, and new lending and deposit-gathering strategies. Jun 2004 – Jun 2006.
Abrigo
MARCH 23, 2015
It is only natural for community banks to have loan concentrations that result from the market(s) they serve and the markets they pursue. In today’s times, a high commercial real estate (CRE) concentration is often the result of community banks pursuing opportunity in the market.
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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?
Jeff For Banks
APRIL 4, 2024
Depositors woke up and thought "what is my bank paying me?" The Fed has paused for nearly a year now, and it was our experience in 2006-07 that bank cost of funds continued to increase as the market closed the delta between what someone could earn in a money market mutual fund and a bank account.
PYMNTS
OCTOBER 17, 2017
Before this year, the last time that happened was in 2006, when Walmart made a move on an ILC. Walmart initially had sought to own a bank that offered full consumer banking services – though by time of its final push 11 years ago, that ambition had been radically scaled back. billion to more than 141,000 firms.
Independent Banker
MAY 31, 2022
Ted Whitehurst, Providence Bank president and CEO, led the charge to open a new brick-and-mortar location of the Raleigh, N.C., community bank during the pandemic. Providence Bank chose to open a new brick-and-mortar site during the pandemic, when many other businesses were ceasing operations or shutting down altogether.
PYMNTS
APRIL 10, 2017
Bradley Linskens was reportedly removed from his position as a result of the bank’s unauthorized accounts scandal that surfaced last year. According to Reuters, Linskens began oversight at Wells Fargo back in 2006 and was responsible for day-to-day supervision of the financial institution. Maxine Waters, U.S.
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