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Best Community Banks to Work For 2022

Independent Banker

Clockwise from top left: Grand Ridge National Bank, Wheaton, Ill.; Community Financial Services Bank, Benton, Ky.; In our annual workplace survey, employees of ICBA’s best community banks to work for told us they benefit from engaging cultures, opportunities for advancement and innovative benefits. Grand Ridge National Bank.

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Preparing For the 7 Waves From The Fed Hike

South State Correspondent

This decision coincided with rate hikes by the Swiss National Bank, its first since 2007, the Bank of England, and the European Central Bank announced at an emergency meeting that they would raise interest rates next month and again in September. What worked effortlessly for the last 14 years may not work for the next business cycle.

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Four Reasons for the 2007-08 Financial Crisis

Jeff For Banks

A recent Bank Think post by ConnectOne Bank CEO Frank Sorrentino regarding restoring Glass-Steagall got me thinking about how far the debate has drifted from the root causes of the 2007-08 financial crisis. In 2007, that number climbed to 127%. Mortgage-Backed Securities (MBS) almost tripled between 1996 and 2007, to $7.3

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CRE Credit Risk – What You Need To Know Now

South State Correspondent

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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What's With Regulator Agita Over Bank Commercial Real Estate Lending?

Jeff For Banks

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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The Velocity of Risk – What Bankers Need To Know

South State Correspondent

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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CFPB hires Assistant Director for Office of Small Business Lending Markets; announces other senior leadership additions

CFPB Monitor

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.