PYMNTS

JUNE 25, 2019

Community financial institution (FI) Cross River Bank is acquiring Seed , a small business (SMB) digital banking company, reports in Reuters said on Monday (June 24). Cross River Bank has partnered with a range of FinTech startups since its 2008 launch, including collaborations with Stripe , Coinbase and Affirm , reports said.

Community Bank 116

Community Bank Community Digital Banking FDIC 116

Abrigo

FEBRUARY 2, 2015

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. Two recent surveys addressing the community banking landscape have pointed to increasing regulations as the primary cause of stress for these institutions.

Community Bank 150

Community Bank Community Regulation Survey 150

Independent Banker

SEPTEMBER 30, 2018

We cannot afford to repeat the mistakes that contributed to the 2008 financial catastrophe, which community bankers remember all too well. These examples are right at the heart of what makes the community bank business model different than those of other financial institutions. Rebeca Romero Rainey President and CEO, ICBA.

Community 79

Community Memphis Tennessee Community Bank 79

PYMNTS

NOVEMBER 3, 2020

As we prepare for Airbnb to become a public company, we want to institutionalize our commitment to hosting, and our investment in the host community,” said Brian Chesky, Airbnb co-founder and chief executive officer. . “A The board will consist of host community leaders. “The Airbnb is earmarking 9.2

San Francisco 237

San Francisco Community New York Resources 237

Independent Banker

JUNE 30, 2022

Working through any difficulty or crisis at your community bank won’t be a walk in the park, but it may lead to an experience for which you’re truly grateful. As a community banker, you’re either going through a crisis or you’re preparing for one. Is there education or training at ICBA Community Banker University that can help?

Community Bank 171

Community Bank Community Lending Training 171

PYMNTS

APRIL 5, 2020

The relaxing of the limits has let families, businesses and communities stay afloat fiscally as the virus forces normal courses of money, like most businesses and restaurants, to close down for fear of spreading infectious germs or catching them.

Capital 150

Capital Lending Regulation Study 150

American Banker

APRIL 25, 2024

Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.

Utah 63

Utah FDIC Regulation Community Bank 63

South State Correspondent

MARCH 13, 2023

While we will cover the general lessons HERE , in this article, we wanted to focus on the root cause – how and why interest rate risk caused the second-largest bank failure in US history (Washington Mutual was the largest in 2008). Notably, most community banks’ duration risk is in the loan portfolio.

Risk Management 221

Risk Management Management Community Bank Community 221

South State Correspondent

NOVEMBER 7, 2022

By 2008, there were a variety of failures as a result of liquidity – Bear Sterns, Lehman Brothers, and more. S&P Global estimates that in 2022, AOCI has reduced the tangible equity ratio at community banks (below $10B in assets) by an average of 1.99% (from 10.74% to 8.75%). However, community banks hold approximately 23.5%

Marketing 195

Marketing Community Bank Community Security 195

PYMNTS

DECEMBER 4, 2020

However, it has been written in a way that could target a much wider range of activity and seems to be trying to stop the kind of large-scale shadow banking risk that pre-empted the 2008 financial crisis. Congresswoman Rashida Tlaib , who led the charge on the bill, has echoed that sentiment.

US 234

US cryptocurrency Community Strategy 234

PYMNTS

AUGUST 5, 2020

based CVS acquired insurer Aetna in 2008. At the time, Merlo vowed “to transform the consumer health experience and build healthier communities by offering care that is local, easier to use, less expensive and puts consumers at the center of their care.”. Woonsocket, R.I.-based

Report 147

Report Community Meeting Strategy 147

Jeff For Banks

AUGUST 3, 2020

It's what we did in 2008-10. Unlike 2008, banks were not the bane of our problems. In 2008, we were in the eye of the storm. Sure, community banks had little to do with liar loans or what was otherwise termed sub-prime. Community banks in particular. So they called around to their community bank.

Community Bank 88

Community Bank Community Capital Analytics 88

TheGuardian

JANUARY 15, 2023

As originally showcased in a 2012 Channel 4 series, it is the true story of how self-made Burnley businessman Dave Fishwick took on London’s elite banking institutions to get a licence to open his own bank serving the local community.

Lending 98

Lending Community Regulation Operations 98

Bobsguide

JUNE 8, 2020

As with the 2008 market crash, the coronavirus has brought the issue of exposure management to prominence once again. Recent market volatility has sent shockwaves through the financial community and resurfaced some dark memories that most of us would prefer to forget. When the markets are.

Management 68

Management Community US Marketing 68

Bobsguide

FEBRUARY 26, 2018

As of March 2008, the FTSE 100 was at 5776 and the Dow 30 was at 14,237. Ten years ago the markets were in the middle of a significant downturn. Both indices had more pain to come, as the full extent of the financial crisis came to light. Of course, after a storm there is a period of reflection and.

Community 60

Community Industry Course Marketing 60

PYMNTS

MAY 22, 2020

The impact of COVID-19 crisis on the world economy during 2020 is projected to be greater than the 2008-09 financial crisis,” the survey’s authors wrote. In March, the Crown Prince of Dubai on Thursday provided $70 billion in a stimulus package to help preserve the nation’s commerce, the Financial Times reported.

Survey 132

Survey Community National Report 132

American Banker

SEPTEMBER 12, 2016

While troubling factors such as higher risk profiles may be behind the recent lending boom, the industry could also just be returning to the historical average for loan growth following the "Great Panic" of 2008-2010.

Lending 28

Lending Industry Community Bank Community 28

CFPB Monitor

SEPTEMBER 28, 2021

For communities with relatively high incomes, complaints about originations and performing servicing are relatively more common and complaints about credit reporting and delinquent servicing are relatively less common.

Report 78

Report Community 78

Abrigo

FEBRUARY 14, 2024

For example, during the 2008 Subprime Mortgage Crisis, commercial real estate prices fell drastically by 30 percent year over year. Source: FRED CRE stress testing: Avoid credit losses by examining vulnerabilities Stress testing is integral to managing risks in CRE lending for community financial institutions.

Risk Management 195

Risk Management Management Lending Capital 195

Abrigo

FEBRUARY 11, 2022

Earlier this month, the FASB considered and rejected further deferral of the CECL standard, initially issued in 2016 in response to the 2008 global financial crisis. The decision appears to mark the board’s final word on ongoing petitions from community banks and credit unions who asked for a delay or total exemption.

Resources 195

Resources Regulation Community Bank Community 195

American Banker

JUNE 1, 2016

Community banks are doing very well, thank you very much, Mr. Dimon. But it's not necessarily a return to the salad days of pre-2008. The Wall Street Journal's ongoing series on the banking industry looks at the state of community banking, and pronounces the sector healthy, but facing serious issues. … Return to Form?:

Community Bank 28

Community Bank Community Industry Regional 28

PYMNTS

FEBRUARY 25, 2020

The Singapore state-owned investment firm has had wage freezes in the past – it implemented similar moves during the 2008 financial crisis and the 2003 SARS outbreak, Bloomberg reported. Temasek is strongly invested in China, as approximately 26 percent of its holdings were there as of last March.

Community 130

Community Industry Management Report 130

Jeff For Banks

JANUARY 27, 2011

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.

Community Bank 71

Community Bank Community Apple National 71

Independent Banker

FEBRUARY 28, 2022

What this has to do with community bank investment management may not be readily apparent. The S&P 500 Index dropped 12.4%, which was the worst monthly stock performance since 2008. Belly of the curve matters to community banks. First, the average duration of a community bank bond portfolio is more than four years right now.

Community Bank 91

Community Bank Community Memphis Security 91

Independent Banker

JANUARY 31, 2022

Here’s how four community banks are thriving in this environment. Clearly, community banks in the region have plenty of opportunities to do what they do best: forge deep and lasting relationships with their customers and communities. These include family-owned businesses, community businesses and operating companies.

Texas 182

Texas San Antonio Community Bank Community 182

American Banker

JANUARY 4, 2017

The $605 million-asset company disclosed in a regulatory filing that Stephen Marsh, its CEO since 2008, retired on Dec.

Community 37

Community Company Community Bank 37

Jeff For Banks

JANUARY 7, 2022

The Death of the Community Bank Pundits make predictions. And I jumped in with both feet with a presentation I made in 2008. Memorial Day: Remember Maurice "Maury" Hukill One thing I have learned about community bankers is they truly appreciate the sacrifices others made that allowed them to pursue a career in community banking.

Community Bank 78

Community Bank Community Strategy Marketing 78

Jeff For Banks

APRIL 30, 2022

Me: Commercial Real Estate loans are the most profitable product in a community bank's arsenal and have been through various interest rate environments. By the time the FF hit zero at the end of 2008, CRE was the last product standing. Bank Senior Lender: Not when you consider the whole relationship. But we have work to do.

Lending 78

Lending Massachusetts Taxes Community Bank 78

PYMNTS

JANUARY 23, 2020

People facing charges include former community bank manager Carrie Tolstedt, former chief administrative officer Hope Hardison and former chief auditor David Julian, the sources told Bloomberg. The incident was among the biggest scandals in the banking industry since the 2008 crisis.

Regulation 131

Regulation Community Bank Community Security 131

PYMNTS

JULY 20, 2016

The vast majority of United States senators have penned a letter urging the CFPB to let community banks and credit unions live free from additional regulations. “We request that the CFPB carefully tailor its regulations to match the unique nature of community banks and credit unions,” the letter stated.

Community Bank 100

Community Bank United States Community Regulation 100

Independent Banker

OCTOBER 31, 2021

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. April 2011.

Community Bank 91

Community Bank Community Software New York City 91

PYMNTS

OCTOBER 1, 2019

Since their highest level in January 2008, reports said, shares have lost about 99 percent of their value. “It India’s NBFC community is in flux amid tightening regulations as the government looks to promote customer protections and risk mitigation while maintaining broad access to financial services.

Capital 109

Capital Lending Regulation Operations 109

PYMNTS

JANUARY 28, 2019

Apple said it has paid $120 billion in revenue to App Store developers since 2008. We hope that this program helps to inspire women around the world to learn to code, join the iOS development community and share in the thriving app economy.”. While announcing the camp, Apple shared the numbers. and Seneca Connect by Seneca Women.”.

Apple 140

Apple Maine Technology Community 140

Independent Banker

MAY 2, 2016

Community First Bank & Trust. Community First Bank & Trust had an extraordinary 2015. It was the culmination of efforts over the past four years to recover from the impacts of the downturn in the economy that began in 2008. The largest component of Community First Bank’s earnings in 2015 was a reversal of a $10.6

Community 70

Community Capital Taxes Management 70

Abrigo

NOVEMBER 8, 2019

Following the 2008 financial crisis, financial institutions were required to examine loan portfolios more closely in order to plan appropriately for adequate capital levels, especially in unfavorable economic conditions. Armed with the right data, the institution can compare capital levels to the thresholds set and expected by regulators.

Lending 150

Lending Risk Management Analysis Capital 150

PYMNTS

SEPTEMBER 18, 2018

15, 2008 fall of Lehman, which filed for bankruptcy that day. Outstanding credit card debt is at the second highest point seen since the end of 2008, and total outstanding debt stands at $1 trillion. Auto loans have mushroomed from $773 billion in 2008 to $1.2 The trigger for the look back has of course has been the Sept.

Lending 148

Lending Innovation Fintech Cards 148

Abrigo

AUGUST 26, 2015

“… it’s not 2008.”. NCUA seems to have forgotten that it's not 2008, but, instead, 2015 and that the credit union community — in NCUA's own assessment — is strong and resilient,” McWatters said in the Credit Union Journal. The longer interval is on the table for banks as well.

Survey 150

Survey Community National Community Bank 150