Jeff For Banks

MARCH 21, 2024

In the markets, we watched helplessly as real GDP plummeted -5% in 1Q20 and -31% in 2Q20 before rebounding by +33% in 3Q20. I’ve previously theorized that China would try to reclaim its global market share lost during the pandemic by flooding the markets with cheaper goods. This development could give us good news on inflation.

Marketing 146

Marketing Policies Report Atlanta 146

PYMNTS

FEBRUARY 25, 2020

As the Coronavirus circulates, Temasek Holdings Pte is instituting a company-wide wage freeze and requesting that senior management accept voluntary pay reductions for as long as one year. In addition to financial markets, mortgage rates and tourism, manufacturers are also experiencing a production hit.

Community 130

Community Industry Management Report 130

Independent Banker

FEBRUARY 28, 2022

What this has to do with community bank investment management may not be readily apparent. In March of that year, while thousands were attending ICBA LIVE in Orlando, the financial markets went into a frenzy. The S&P 500 Index dropped 12.4%, which was the worst monthly stock performance since 2008.

Community Bank 91

Community Bank Community Memphis Security 91

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

PYMNTS

OCTOBER 1, 2019

India-based financial services provider Reliance Capital has announced it will exit the lending market. While the company will continue to operate in the asset management and general insurance spaces, Reliance shrunk its footprint by lowering its ownership in Reliance Nippon Life Asset Management from about one quarter to just over 4 percent.

Capital 109

Capital Lending Regulation Operations 109

PYMNTS

FEBRUARY 9, 2019

The latest research from Wells Fargo , Euler Hermes and Intuit finds late payments and market volatility are among the largest reasons why SMBs and larger enterprises struggle with cash flow, a scenario that has its own domino-effect of negative consequences. Fifty-two percent of U.S.

Survey 158

Survey Capital Management Taxes 158

Jeff For Banks

MAY 4, 2020

Readers note: You can also view this post on Penn Community Bank's website. As the stock market faltered in March, we saw the Federal Reserve step up with emergency rate cuts and Quantitative Easing to buy bonds. and promised trillions of dollars to stabilize the markets. The actions taken by the Fed stabilized markets.

Marketing 78

Marketing Philadelphia Community Bank US 78

Jeff For Banks

OCTOBER 25, 2018

Trade wars and tariffs dominated the market discussion in the third quarter with talk quieting down for now. Here are some staggering numbers: Since the financial crisis of 2008, worldwide debt has increased by $70 trillion to $247 trillion, or 236% of world GDP versus 207% in 2008. US household debt is at $13.3

Marketing 66

Marketing US Taxes Trends 66

Jeff For Banks

JULY 8, 2017

The markets continue to roll and bond markets continue to trade in a 25 basis point range, hitting the higher end when they think the economy is strong (why else would the Fed raise rates?) trillion in 2008. I believe that the stock markets believe that eventually the agenda will be accomplished. For what reason?

Marketing 60

Marketing Community Bank Security Data 60

PYMNTS

FEBRUARY 9, 2019

The latest research from Wells Fargo , Euler Hemes and Intuit finds late payments and market volatility are among the largest reasons why SMBs and larger enterprise struggle with cash flow, a scenario that has its own domino-effect of negative consequences. 52 percent of U.S. The same can be said for 51 percent of U.K.

Survey 123

Survey Management America Capital 123

Jeff For Banks

JULY 5, 2022

My Remarks to Bank Client's Annual Meeting of Shareholders "I want to thank [Chairman] and the Board, [CEO] and the management team for asking me to come out and remark on where I think the banking industry is going over the next five years. The money market mutual fund became a formidable competitor to the bank account. It was needed.

Millennials 78

Millennials Community Pennsylvania Community Bank 78

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

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

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

Jeff For Banks

FEBRUARY 1, 2019

After a lengthy stretch of strong economic growth and stock market gains, the inevitable correction arrived with force in the fourth quarter, culminating with a December that can only be described as “tres terrible!” Back in 2008, the LHC started up with a bang and led to all kinds of new physics particle knowledge.

Marketing 60

Marketing Community Bank Community Risk Management 60

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

Jeff For Banks

AUGUST 1, 2019

Financial Markets & Economic Update- Third Quarter, 2019 Summer is upon us and I cannot wait to get to the beach for vacation. Although business confidence fell from the uncertainty, stock markets were reaching new record highs on many of indices. Dorothy has been with Penn Community Bank and its predecessor since November, 2004.

Marketing 60

Marketing US Community Bank Community 60

Jeff For Banks

JUNE 2, 2023

To you, manage your interest rate risk. Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 800%, only to fall 740% from its peak by October 2002, giving up all its gains during the bubble. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate?

FDIC 78

FDIC Community Bank Regulation Lending 78

Abrigo

AUGUST 26, 2015

“… it’s not 2008.”. He went on to comment that since more than 70 percent of the regulatory agency’s operating budget consists of costs surrounding the exam process, “any reasonable suggestion regarding how to better manage the inexorable increase in these costs merits thoughtful reflection.”.

Survey 150

Survey Community National Community Bank 150

Gonzobanker

JULY 10, 2020

Community-based institutions have unique circumstances (and personal viewpoints) that impact how they see the world in the future and what planning will look like for them. Are there growth opportunities that would make sense for us to consider at this time – such as entering new markets/M&A? Risk Management.

Risk Management 88

Risk Management Capital Strategy social media 88

Gonzobanker

FEBRUARY 16, 2016

I recommend the following five mandates be on payments managers’ focus list this year: 1. Institutions that don’t have a payments manager should hire one. During the financial crisis in 2008, many financial institutions made the decision to sell their credit card portfolios entirely or convert them to agent relationships.

Management 60

Management Payments Cards Regional 60

Abrigo

JULY 20, 2021

Even if community businesses don’t end up utilizing the federally guaranteed loans , many small businesses have heard of SBA loans and want to explore them. B y marketing that your financial institution offers SBA loan origination, you provide additional products that expand opportunities to businesses.

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

JULY 20, 2021

Even if community businesses don’t end up utilizing the federally guaranteed loans , many small businesses have heard of SBA loans and want to explore them. B y marketing that your financial institution offers SBA loans, you provide additional products that expand opportunities to businesses. We know 2020 stunk,” he said. “As

Lending 195

Lending FDIC Capital Risk Management 195

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

PYMNTS

SEPTEMBER 14, 2017

One of the key reasons for the complicated relationship – the term “frenemies” comes to mind – is that FinTech newcomers are demonstrating innovative approaches to traditional banking practices, including financial management services and money transfers, while older banks tend to be wedded to older systems. New tools for new FinTechs.

Innovation 191

Innovation Lending Fintech Bitcoin 191

PYMNTS

FEBRUARY 4, 2019

This rapid expansion is fueling predictions that the global real-time payments market will rise from a value of $6.8 percent, according to a Markets and Markets Research report. . launched its own Faster Payments Service in 2008. Community banks and credit unions also offered their backing. billion in 2018 to $26.9

Payments 183

Payments System Cards Policies 183

Independent Banker

FEBRUARY 24, 2016

Greg Steverson (left) successfully manages a $100 million institutional investment portfolio for Ledyard National Bank in Norwich, Vt. Mikella Newsom (middle) successfully manages a $325 million institutional investment portfolio for City Bank in Lubbock, Texas. Investment principles of top bank portfolio managers.

Community Bank 70

Community Bank Community Texas Management 70

Jeff For Banks

FEBRUARY 4, 2023

The labor market has also improved, with unemployment declining and job growth picking up. Potential bank use cases of generative AI, aside from the questions above: Research on certain industries to help determine credit risk, such as "How did the hotel industry perform in the 2008 recession?";

United States 78

United States US Cyber Security Taxes 78

South State Correspondent

APRIL 10, 2023

While the market focuses on deposits and liquidity, media pundits and analysts are waiting for credit problems to appear. 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). touched off a wave of bankruptcies.

Community Bank 195

Community Bank Community Los Angeles Regional 195

Independent Banker

NOVEMBER 25, 2015

Kaarin Long stops by a local manufacturer while getting to know customers as Investors Community Bank’s cash management relationship manager. Cash Management Relationship Manager. Investors Community Bank in Manitowoc, Wis. IB: What is Investors Community Bank like? Banking changed in 2008.

Community 70

Community Community Bank Milwaukee Wisconsin 70

NCR

APRIL 13, 2016

In the following Q&A, Pango Financial CEO William Keenan offers insights on the cyclical nature of the lending market and advice for small business owners just starting out. Banks tighten up underwriting criteria in tough times, loosen it to gain market share and to grow their balance sheet as economies improve.

Capital 40

Capital Marketing How To Lending 40

FICO

DECEMBER 1, 2020

There’s a whole community of debt now swirling around, and sole traders will have to go to the government for relief to stay in business. As in the 2008 crisis, there will be a focus on where to put the toxic debt, such as “bad banks”. Banks can’t recruit enough people to service this debt, so the DCA market will expand massively.

Taxes 76

Taxes Lending Capital Regulation 76

Gonzobanker

AUGUST 29, 2017

While having a go-to-market set of products and overall strategy are clearly important, there are two things standalone LOS vendors have just been doing better. Functionality. Point systems provide better system functionality (usually). The functionality gap is growing continuously wider.

Strategy 78

Strategy Lending System Community 78

PYMNTS

OCTOBER 8, 2018

million price tag – was tied for first place with another Banksy piece that was sold in 2008. Dan Chrichlow, creative director of the creative management agency Dutch Uncle, is one such skeptic. “I Times that Banksy has now cemented himself as “one of today’s preeminent art market critics. But it doesn’t feel authentic.”.

Video 116

Video New York Capital United States 116

FICO

MARCH 25, 2020

Following the global COVID-19 outbreak, the collections & recoveries (C&R) community across Europe has jumped into action to safeguard customers, employees and wider stakeholders. Alongside the management of outgoing expenses, we’ve also seen countries take steps to help with customer income. Customer Communications.

Operations 40

Operations Exercises Security Data 40

Jeff For Banks

DECEMBER 18, 2014

They are built as a relationship bank serving the Korean community in LA and surrounding areas. through its subsidiary BNC National Bank, offers community banking and wealth management services in Arizona, Minnesota, and North Dakota from 14 locations. OTCQX: BNCC) BNCCORP, Inc., share at the end of 2010.

North Dakota 91

North Dakota Arizona Minnesota Los Angeles 91

PYMNTS

SEPTEMBER 20, 2017

BECU and other credit unions have also had to address the emergence of new FinTech companies, firms which are disrupting financial services by offering consumers innovative new options for managing their money. FinTechs: ‘A wonderful threat and opportunity’. When it went live, however, it became clear they weren’t thrilled.

Fintech 123

Fintech Innovation US Mobile 123