Jeff For Banks

MAY 20, 2017

and New York Community Bancorp called off their planned merger. Today, I read an American Banker article on how a multi-billion dollar bank is going to ramp up its business lending. To remind readers, in 2006 the OCC, Federal Reserve, and FDIC issued joint interagency Guidance on Concentrations in Commercial Real Estate Lending.

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Lending Regulation Community Community Bank 60

Independent Banker

DECEMBER 1, 2021

The idea that community banking can be a force for positive change is at the heart of Beneficial State Bank, which engages its customers through financial activism. billion-asset community bank in Oakland, Calif., When it comes down to it, though, the community bank’s mission is radically simple. Photo: Ashley Courter.

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Oakland Community Community Bank Leadership 153

Abrigo

JULY 25, 2017

In a recent Sageworks webinar Robert Ashbaugh, senior risk management consultant at Sageworks, discusses High Volatility Commercial Real Estate (HVCRE) lending best practices. How did we get here? Ashbaugh’s presentation begins with a quick summary of why regulators care about HVCRE.

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Risk Management Management Capital Lending 150

Jeff For Banks

FEBRUARY 19, 2012

One such theme was the right sizing of community banks'' funding sources. Since the dawn of the financial crisis in 2007, loan demand has fallen off of the cliff, and therefore community banks did not need their historically high amount of CD funding. Not so fast. I''d like to hear from you.

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Community Bank Community Industry Strategy 100

Jeff For Banks

APRIL 25, 2014

In 2013 there were 246 bank and thrift merger and acquisition deals announced, the highest number since 2007 when there were 318 deals. This all comes with fewer banks than there were in 2007. Year to date through April 22nd, there were 73 announced deals, putting us on track for a similar number of deals to last year. Our combination.

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Community New York Indiana Connecticut 95

Jeff For Banks

NOVEMBER 7, 2015

Me to a community banker: Why don't you offer more options than real estate secured lending to help fund early stage businesses? Banker: Because that's not community banking. I've been in this business over 20 years and still don't know the definition of community banking. In other words, be a General Bank. Seems risky.

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Community Bank Community Baltimore Lending 60

Independent Banker

FEBRUARY 25, 2015

Coping just fine, community banks in energy-producing regions manage the oil-price plunge. Yet community bankers serving the oil industry say they’ve been expecting a drop in the notoriously cyclical price of crude. billion-asset community bank based in Happy, Texas. By Howard Schneider. Pat Hickman, Happy State Bank.

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North Dakota Texas Louisiana Community Bank 70

Independent Banker

DECEMBER 29, 2015

Community bankers offer real-world reasons for more Basel III relief. Nearly one year after the Basel III capital rules went into effect, community bankers say that now recognize just how much more complex and how much more difficult this new set of capital rules will make life and business for them if they remain in place.

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Community Bank Community Capital Lending 70

PYMNTS

OCTOBER 17, 2017

Ultimately, that effort was pushed back by a coalition of unions, consumer groups, community banking groups and legislators that did not trust Walmart’s business plan or intentions once they had the license and FDIC deposit insurance in hand. That lending operation has been fairly successful for Square, and has lent out over $1.8

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Industry Fintech FDIC Community Bank 108

Jeff For Banks

JULY 2, 2015

Since 2007, banks have been challenged to grow revenues. Many if not most small businesses are not “bankable”, in the lending sense of the word. No risk appetite to do early stage business lending? Perhaps develop a small business lending marketplace with several options. This presents a challenge. Your choice.

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Lending Capital Wisconsin Community 60

Jeff For Banks

JUNE 2, 2023

More recently and by comparison, the mortgage meltdown and subsequent global financial crisis took down more than 500 banks between 2007 and 2014, with total assets of nearly $959 billion. The old borrow short, lend long strategy. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate?

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FDIC Community Bank Regulation Lending 78

Independent Banker

APRIL 28, 2016

There is no secret sauce to our community bank’s recent strong performance. Members of our lending team are not order takers. They are active in the communities that the bank serves, working closely with the Realtors and home builders. Our lending culture is “let’s make it happen.” The timing was incredible.

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Marketing Illinois Community Lending 70

Jeff For Banks

JUNE 8, 2013

Louis Fed recently performed a study to uncover the characteristics of community banks that thrived during the financial crisis. It appears that banks that had the ability to do the same during the heady lending times of 2004 - 2007 found it to be an enduring strategy (see table from Fed study). Build a Better Lending Function.

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St. Louis Lending Study Strategy 111

Gonzobanker

DECEMBER 17, 2021

million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. Like how does that play into our communities? 82% to over 2.3% Inspirational? You tell us.

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Fintech Strategy Leadership Lending 148

Jeff For Banks

DECEMBER 29, 2020

Live Oak was founded in 2007 to provide business loans, primarily Small Business Administration (SBA) guaranteed loans, to select industries, like dentists and veterinarians. They opened in 2007! This puts its price to tangible book ratio slightly north of 2x, high by traditional community bank standards today.

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North Carolina Capital Community Bank Wisconsin 147

Independent Banker

FEBRUARY 25, 2015

Community banks, which will continue to face a growing number of senior customers with everyday cash needs and built-up home equity, should explore this niche lending opportunity, two community bankers providing these specialty loans suggest. Consumer Lender Life Lending Web Exclusives'

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Trends Community Lending Community Bank 70

Jeff For Banks

OCTOBER 4, 2014

Lending Club funded $5 billion in loans since its founding in 2007. Banks remain centers of communities and the number one source for capital for small business. Do you think your bank customers had an Orange account? Was ING Direct a disruptor? Simple sold to BBVA, touting 120,000 accounts. And Quicken Loans.

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Technology Cyber Security FDIC Strategy 107

Jeff For Banks

SEPTEMBER 13, 2015

Selection: Greg Garrabrants, BofI Holding, Inc, (NASDAQ: BOFI) Greg has been in charge of the Bank since 2007. Selection: Mitch Englert, EVP of Community Banking, Capital City Bank Group, Inc. I focused on traditional community banks and did not consider high yield type banks such as credit card banks. Imagine that.

Community Bank 60

Community Bank Lending Community Security 60

South State Correspondent

APRIL 10, 2023

CRE Risk Background While ten years ago, community and regional banks use to make up some 55% of the CRE market, in 2023, these banks now compose approximately 72% (below). The risk here is that community banks continue to take on an above-average amount of CRE credit exposure. This article explores the risk and what to do about it.

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Community Bank Community Los Angeles Regional 195

Jeff For Banks

MARCH 3, 2018

Six years ago I asked in a blog post Will Plain Vanilla Kill Community Banking ? Sticking with the Apple theme, in 2007, they launched the iPhone. SunTrust - Developed Lightstream , a national online lending platform to provide consumer loans for practically any purpose. Did I get caught up in the change-or-die crowd?

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Apple Millennials Massachusetts FDIC 67

Filene

MAY 3, 2016

And as we honor the large economic contributions of our nation’s small business community, it’s worth noting a growing trend in its development. In fact, from 2007 to 2012 the number of U.S. Community Microfinance Small Business Lending is a business lending product from Alterna Savings Credit Union in Canada.

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Trends Marketing Community Lending 28

Jeff For Banks

JUNE 4, 2018

As the FHLB rep mused to me, it could happen if say, an extreme black swan event much worse than the 2007-08 financial crisis happened. We need a smarter discussion on liquidity. Before we create an artificial liquidity crunch. Pretty magnanimous of me, right?

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FDIC System Regulation Conference 60

Fintech Labs Insights

MAY 25, 2016

Peer-to-peer lending platforms serve two masters. According to the Wall Street Journal , Prosper had to slow its lending volume by 12% earlier this year due to lack of lender funds. ” It has been a rough quarter for the marketplace lending industry and for Prosper in particular.

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San Francisco Lending Community Industry 18

Fintech Labs Insights

MAY 28, 2015

In addition to securing an $8 million venture debt line from Silicon Valley Bank, the lending-as-a-service innovator reached $800 million in loans deployed to more than 35,000 borrowers, and won a commitment of $125 million from its own lending network of more than 300 credit unions and banks. Jason Hills, SVP Sales.

San Jose 12

San Jose New York City Lending New York 12

Gonzobanker

SEPTEMBER 10, 2019

After a fizzled out Metavante core partnership in 2007, a second market entry attempt through the 2013 acquisition of Trinovus, and some related false-start T24 community bank core implementations (that later resulted in the sunsetting of Trinovus’ Trinisys core), Temenos finally found a market beachhead in the 2015 acquisition of lending solutions (..)

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United States Texas Austin Kansas City 95

Jeff For Banks

MAY 29, 2011

I was researching videos of positive customer experiences for another potential post when I discovered this gem from Forrester Research done in 2007. Customers are surely one of an FI’s constituencies, along with employees, communities, regulators, and in some cases shareholders. So how about a strategy that puts the customer first?

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Strategy Customer Experience Video Boston 78

Lex Sokolin

DECEMBER 25, 2019

Ethereum’s decentralized lending and trading are floating around 2,500 daily users. The lending product above is a bit more complicated. If you withdraw your Ether, you get charged an interest rate determined by an open governance community. Other things like Compound are essentially a securities lending marketplace?

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blockchain Bitcoin Software Lending 52

CB Insights

FEBRUARY 13, 2020

Stripe’s early success in acquiring customers was largely due to its mass appeal to the developer community. Business lending and corporate cards. Most recently, Stripe has launched a Corporate Card and a Lending product geared towards small businesses. Fraud prevention tools. Supporting merchant partner growth. Source: Stripe.

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Online Company Retail Payments 98

Jeff For Banks

DECEMBER 19, 2015

million of red ink 2007-11. through its subsidiary BNC National Bank, offers community banking and wealth management services in Arizona, Minnesota, and North Dakota from 16 locations. And yes, another Michigan bank. By 2011, total assets were cut in half, total equity was $14.7 million and book value per share was $6.27 What a ride!

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North Dakota Arizona Michigan Florida 60

Fintech Labs Insights

AUGUST 12, 2014

Table: YC Fintech Companies by Year Class Total Companies # Fintech Companies % Fintech 2014 (half year) 56 5 9% 2013 83 9 9% 2012 117 8 7% 2011 89 7 8% 2010 61 6 10% 2009 39 1 3% 2008 43 1 2% 2007 32 2 6% 2006 17 0 0% 2005 8 1 13% Total 545 40 7.4% Two Tap [link] Users can now order any product directly in your app with Two Tap.

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Fintech Bitcoin Cards Online 26

Jeff For Banks

OCTOBER 19, 2012

It seems to me that reducing burdensome regulations and not implementing harsher capital requirements would be more effective alternatives to incentivize lending than pushing all yields toward zero while buying up all of our bonds. I know I risk sounding like Charles Plosser, but so be it. We should all be so lucky.

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National Security US Massachusetts 82

CFPB Monitor

APRIL 14, 2016

The announcement included the news that the CFPB has filled the position of Assistant Director for the Office of Small Business Lending Markets. The leadership additions announced by the CFPB were the following: Grady Hedgespeth will serve as the Assistant Director for the Office of Small Business Lending Markets.

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Leadership Lending Marketing Regional 60

Jeff For Banks

DECEMBER 29, 2021

The bank was founded in 2006 and operates 19 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. and equipment lending and asset based lending through Triumph Commercial Finance. They opened in 2007! (Nasdaq: MCBS) MetroCity Bankshares, Inc.,

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Capital Texas Metro North Carolina 78

PopularBank

SEPTEMBER 25, 2020

We mobilized these actions within days of the health crisis’ initial impact to our communities. Six months later, we continue this mission through our participation in several programs and outreach initiatives, including the Small Business Administration Paycheck Protection Program and the Main Street Lending program.

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Florida Meeting Leadership Community 40

PYMNTS

JANUARY 20, 2018

We’ll let you decide how you come down on that as an appropriate description of the cryptomania that has seized not just the payments community, but the public at large. There was so much money to be made that banks were lending to prospective buyers with subprime credit. Among its synonyms are “madness,” “insanity” and “lunacy.”.

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Bitcoin Marketing Course cryptocurrency 105

Gonzobanker

NOVEMBER 18, 2014

So, isn’t retail delivery about consumer lending? A final Gonzo shout out to Sir Bob Geldof, the best BAI speaker ever (at Retail Delivery 2007), who just launched Band Aid 30 to raise money for the fight against Ebola. Where is the digital engagement energy? Online delivery? Harry Caray himself would have been proud.

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Chicago Retail Branch Design Training 104

South State Correspondent

JUNE 13, 2022

Instantly, the cash flow for those businesses that many community banks lent to is impacted. That is a significant change in risk for a material part of a large community bank’s balance sheet. No bank, to our knowledge, reacted fast enough, and by November of 2007, construction and development loans were trading at a 30% discount.

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Risk Management Examples social media Management 195