Remove 2008 Remove Community Bank Remove Compliance Remove Lending
article thumbnail

Will the cost of regulation impact community bank customers?

Abrigo

The banking industry has seen a steady stream of media attention since 2008, much of it in the form of stories about data breaches linked to major retailers or mega banks’ profits. The cost of compliance in these areas are also high for community bankers.

article thumbnail

Small Banks Could See Some Dodd-Frank Relief

PYMNTS

The Dodd-Frank Wall Street and Consumer Protection Act was supposed to prevent another 2008 banking meltdown — and solve the problem of “too big to fail.” banks have disappeared. And those banks are going out of business — or merging with bigger players — largely due to the complexity and cost of compliance.

St. Louis 105
Insiders

Sign Up for our Newsletter

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

article thumbnail

Community banks are thriving in Texas

Independent Banker

Ken Finley, president of Johnson City Bank, in downtown Johnson City with Shannon Sultemeier, executive vice president (left); and Brenda Haynes, vice president/cashier (right). Here’s how four community banks are thriving in this environment. These include family-owned businesses, community businesses and operating companies.

Texas 182
article thumbnail

Are banks taking advantage of the CECL extension?

Independent Banker

The CARES Act extended the CECL implementation deadline for many larger community banks until the end of the COVID-19 pandemic. Community bankers tell us that while the extension is welcome, they’re already down the road to implementation. ICBA tells FASB CECL isn’t feasible for community banks. By Stephanie Vozza.

article thumbnail

2021’s Best Community Banks to Work For

Independent Banker

We asked both leaders and staffers to tell us what makes their community banks stand out as employers. Key Community Bank: Leading by example. Key Community Bank. At the heart of Key Community Bank’s work culture is connection. Greg Dennis, Key Community Bank. “We

article thumbnail

All Pain, No Gain

Independent Banker

Since then, community banks have been struggling to understand all of the regulation’s various complex “moving parts” and how to best comply with it, says James Kendrick, vice president for accounting and capital policy at ICBA. ICBA supports strong minimum capital levels for all banks, including community banks.

article thumbnail

Why Don’t the 3 Largest Banking Vendors Have a Loan Origination Strategy?

Gonzobanker

Anyone following the banking vendor space over the past few years knows that the standalone loan origination system providers – across all lending verticals of mortgage, consumer and commercial – are clearly taking the core vendors to the cleaners. Functionality. Point systems provide better system functionality (usually).