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

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

South State Correspondent

NOVEMBER 7, 2022

Banks had enough liquidity so it didn’t really matter in terms of day-to-day operations. Without liquidity, finance companies and investment banks had to draw on their lines. By 2008, there were a variety of failures as a result of liquidity – Bear Sterns, Lehman Brothers, and more. Capital got scarce.

Marketing 195

Marketing Community Bank Community Security 195

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. Every time you think of something that makes your bank unique, whether it’s going one step further to make a loan happen or making a decision that will shore up your capital position, write it down.

Community 79

Community Memphis Tennessee Community Bank 79

Independent Banker

JANUARY 31, 2022

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

Texas San Antonio Community Bank Community 182

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. …

Community Bank 28

Community Bank Community Industry Regional 28

Jeff For Banks

AUGUST 3, 2020

It's what we did in 2008-10. I delivered this talk on a recent bank trade association webinar. 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. Capital aplenty.

Community Bank 88

Community Bank Community Capital Analytics 88

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. In fact, the tone is about to improve. More often, the two operate independently.

Community Bank 91

Community Bank Community Memphis Security 91

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 73

Community Bank Community Apple National 73

Independent Banker

NOVEMBER 30, 2021

Premium benefits packages, professional development and TLC during the pandemic—this year’s winners do everything in their power to keep their community bankers happy and fulfilled. We asked both leaders and staffers to tell us what makes their community banks stand out as employers. Key Community Bank: Leading by example.

Community Bank 164

Community Bank Community Texas Leadership 164

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

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.

Community Bank 91

Community Bank Community Software New York City 91

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

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. WE WANT YOU, YOUR EMPLOYEES, CUSTOMERS, COMMUNITIES AND SHARHOLDERS TO WIN! But what about recently? Here are the top five most-read posts of 2021. In case you want to read them. Where was I right?

Community Bank 78

Community Bank Community Strategy Marketing 78

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

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. Bank Senior Lender: Not when you consider the whole relationship. By the time the FF hit zero at the end of 2008, CRE was the last product standing.

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

JUNE 18, 2018

SMBs since the 2008 financial recession. percent decline in shares at large banks , coinciding with a 7.8 percent increase in shares at mid-cap regional banks and a 12.1 percent share increase for community banks, suggest that large FIs are losing out to smaller competitors, per CNBC reports last week.

Lending 112

Lending Community Bank Regional Community 112

PYMNTS

MAY 22, 2018

“It’s going to be easier for banks to serve their customers, clients and communities — that’s what’s most important.”. Deregulations for smaller banks and credit unions could theoretically lead to more innovation — a topic that was the focus of the latest PYMNTS Innovation Readiness Playbook.

Regulation 100

Regulation Regional Community Community Bank 100

Abrigo

MARCH 6, 2015

While federal regulators only require this small number of banks to be subject to these particular stress tests, as outlined in the Dodd-Frank Act following the economic crisis of 2008, stress testing is becoming a critical part of financial institutions’ risk management strategies, regardless of their asset sizes.

Risk Management 150

Risk Management Capital Community Bank Regulation 150

Jeff For Banks

JULY 5, 2022

Those banks will win.' ' 2. It's no secret that since the Great Recession of 2008 branches have been in retreat. Now, some of you might be branch centric, executing your bank transactions over the teller line. Two percent is a big matzah ball out there to overcome and compete with Ally Bank. Prune and invest.

Millennials 78

Millennials Community Pennsylvania Community Bank 78

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.

Community Bank 70

Community Bank Community Capital Lending 70

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

MARCH 30, 2020

Section 4012 – Temporary Relief For Community Banks. Section 4012 of the CARES Act provides temporary relief to financial institutions that elected to be subject to the Community Bank Leverage Ratio pursuant to the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA).

Regulation 122

Regulation United States Community Bank National 122

PYMNTS

APRIL 24, 2017

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

St. Louis Regulation Compliance Community Bank 105

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

Independent Banker

JULY 30, 2015

Since 2008 the Louisiana Bankers Association has sponsored more than 50 pieces of state legislation to help Louisiana community banks and their customers. Amending Louisiana’s laws to better address financial crimes, electronic documents and unclaimed property. By Robert Taylor. The LBA also has been very active with the U.S.

Louisiana 70

Louisiana Community Bank Community Fraud 70

Long Lasting Ideas

MARCH 3, 2016

FASB’s complex proposal (Current Expected Credit Loss, or CECL) would force community banks to record a provision for credit losses the moment they make a loan. Let’s look back a few years at around 2007 and 2008, around the time of the Great Recession.

Community Bank 40

Community Bank Marketing Strategies Community Regulation 40

PYMNTS

SEPTEMBER 18, 2018

15, 2008 fall of Lehman, which filed for bankruptcy that day. The traditional banking model may be disrupted, or about to be disrupted, depending on where you look. Outstanding credit card debt is at the second highest point seen since the end of 2008, and total outstanding debt stands at $1 trillion. trillion this year.

Lending 148

Lending Innovation Fintech Cards 148

Independent Banker

OCTOBER 29, 2014

Army Infantry Platoon leader who became a community banking manager. It’s no different in community banking. When I returned home from the deployment, the support I had from my community was clear—the same way Think Mutual Bank supports its local community. By Jeff Sabatke. It was 1 a.m. Paul, Minn.,

Minnesota 98

Minnesota Community Community Bank Maine 98

Jeff For Banks

JUNE 2, 2023

Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate? In many respects, community banks were caught in the cross-fire through the purchase of those mbs instruments – and subsequent trial through public sentiment. We took a serious reputational hit.

FDIC 78

FDIC Community Bank Regulation Lending 78

Ublocal

DECEMBER 22, 2021

In celebration of our new Shelburne Village branch recently opening, we have collected input and insights from the wonderful community of people working and living in Shelburne, Vermont. Vice President, Branch and Business Development Manager : “After more than 27 years in banking it’s good to finally work for a Vermont based bank.

Vermont 52

Vermont Community Charlotte Leadership 52

PYMNTS

JANUARY 29, 2018

The financial services market has progressed by leaps and bounds in terms of innovation, from the rise of alternative finance to the development of technologies like blockchain and open banking initiatives. Meanwhile, bank lending to small businesses dropped by nearly $100 billion during that time.

Lending 116

Lending Florida Report Community Bank 116

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

Independent Banker

FEBRUARY 24, 2016

Investment principles of top bank portfolio managers. Community bank institutional investment portfolio managers have been put through their paces the past several years. Yet that is exactly what many community banks have accomplished. Mikella Newsom, City Bank. By Karen Epper Hoffman. The barbell approach.

Community Bank 70

Community Bank Community Texas Management 70

NCR

MARCH 7, 2018

One of the reasons for this separation has been a desire to ensure that customer deposits are kept safe from use in high-risk non-banking practices. ” The post Could regulation changes make retailers the next big threat to banks? At the moment, thoughts of any changes to these regulations are still hypothetical.

Regulation 53

Regulation Retail Community Bank Community 53

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.

Community Bank 195

Community Bank Community Los Angeles Regional 195