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

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.

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Lending Community Regulation Operations 98

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

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Report Community Meeting Strategy 147

South State Correspondent

NOVEMBER 7, 2022

Banks had enough liquidity so it didn’t really matter in terms of day-to-day operations. By 2008, there were a variety of failures as a result of liquidity – Bear Sterns, Lehman Brothers, and more. However, community banks hold approximately 23.5% However, the public markets were another story. Capital got scarce.

Marketing 195

Marketing Community Bank Community Security 195

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

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.

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Capital Lending Regulation Operations 109

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. The much sought after "operating account." By the time the FF hit zero at the end of 2008, CRE was the last product standing. What does a "full relationship" mean?

Lending 78

Lending Massachusetts Taxes Community Bank 78

Abrigo

DECEMBER 22, 2023

Those read most often in the past year include several that offer practical advice for operating ALM and CECL models. While this bank had unique loans that most community financial institutions won’t be dealing with, it does raise the question of appropriate stress tests.

Risk Management 221

Risk Management Regulation Management Lending 221

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

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Community Bank Community Memphis Security 91

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Bunnell; and Doug, Genelle and Jagger Jones.

Community Bank 172

Community Bank Community National Philadelphia 172

South State Correspondent

JULY 12, 2023

While there are slight differences in operations, the only material difference is that The Clearing House supports transactions up to $1M, while FedNow currently goes to a $500k limit. In Europe, where Faster Payments have been around longer (since 2008), that number is 15% and should move to 25% by the end of the year. In the U.S.,

Payments 370

Payments Management Fraud Data 370

PYMNTS

NOVEMBER 13, 2019

Fillz is a division of AbeBooks, a company purchased by Amazon in 2008. Fillz has been part of the AbeBooks community since 2006, so this was a difficult decision to make,” said AbeBooks’ Richard Davies. Fillz, an online tool for booksellers, is shuttering after 16 years, according to reports. AbeBooks acquired Fillz in 2006. “We

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Tools Online Resources Community 101

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.

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Community Bank Community Apple National 70

Jeff For Banks

JULY 5, 2022

It's no secret that since the Great Recession of 2008 branches have been in retreat. And a branch, on average, cost about 1% of deposits in direct operating expenses. And oh by the way, it cost another 1% to support the operating expenses of support functions back at headquarters. I'm bullish on community banking.

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Millennials Community Pennsylvania Community Bank 78

PYMNTS

JANUARY 21, 2021

“In a year of unprecedented challenges for our nation and the financial services industry, I’m extremely proud of our teammates and their rapid and sustained response to meet the needs of our clients and communities,” said Chairman and CEO Kelly King in the release. There was no bubble here,” King said. We just shut it all off.”.

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Meeting Conference Mobile Technology 191

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

Abrigo

DECEMBER 19, 2019

In 2008, there were 7,061 FDIC-insured commercial banks in the U.S. For many community and regional banks looking to compete with larger financial institutions and grow their bank, the answer has been mergers and acquisitions. In 2018, the number of banks declined by almost a third to 4,708 institutions.

Lending 195

Lending Fraud Community FDIC 195

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

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.”.

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Survey Community National Community Bank 150

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.” Louis Fed estimated that community banks pay an estimated $4.5 Since the passage of Dodd-Frank, over 1,700 U.S. banks have disappeared. billion annually in compliance costs.

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St. Louis Regulation Compliance Community Bank 105

Gonzobanker

DECEMBER 19, 2022

2008 called and wants its headlines back. Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey. All of this while knocking out a stellar 1.35% ROA and leading industry, community, and philanthropic efforts everywhere. Goes to Sen.

Community 216

Community Fintech Industry Innovation 216

Abrigo

NOVEMBER 14, 2014

It is of interest to note that many may be considered smaller, community banks. The employees also received stock options after the institution didn’t go public in 2008. Operating eight branches in east-central Wisconsin, 1st National Bank places importance on employee health. Live Oak Bank. 1st National Bank.

Nashville 170

Nashville Wisconsin Tennessee National 170

ABA Community Banking

OCTOBER 8, 2018

Have we learned our lesson from the 2008 financial crisis? Technology Feature3 Management Risk Management Risk Adjusted Operational Risk Credit Risk. How do we ensure it doesn’t happen again?

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Risk Management Operations Management Technology 45

Jeff For Banks

FEBRUARY 4, 2023

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?"; Vendor management due diligence, such as "Where can I find third-party reviews on the nCino loan operating system?";

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United States US Cyber Security Taxes 78

PYMNTS

AUGUST 25, 2016

Though small businesses have suffered from a gap in financing availability post-2008, the demographic continues to shape the financial markets. One of these lenders, Clearinghouse Community Development Financial Institution , better known as Clearinghouse CDFI, offers an interesting view into the state of SME finance.

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Regulation Lending Community California 100

PYMNTS

NOVEMBER 4, 2020

As to what the massive spend is meant to accomplish, that’s easy: holiday sales to help make up losses from the worst year ever, even for businesses that survived 9/11 and the 2008 crash. PYMNTS reported in late October that “WARC Data’s Global Advertising Trends report found that brands worldwide will put $58.6

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social media New York Report Branding 176

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. SBA loan origination can be especially lucrative for community financial institutions now. said now is the time for lenders to “triage” their portfolios. “We

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. SBA lending is especially lucrative for community financial institutions now. Offering SBA lending at the institution is a good way to “get in the door” with good credits.

Lending 195

Lending FDIC Capital Risk Management 195

PYMNTS

FEBRUARY 4, 2019

Twenty-five of them were operational worldwide in 2017, and that number had swelled to 40 by September 2018, with 16 more expected to debut by 2020. launched its own Faster Payments Service in 2008. Community banks and credit unions also offered their backing. Real-time payment systems are quickly cropping up across the globe.

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Payments System Cards Policies 183

Abrigo

JUNE 19, 2020

Credit risk operations, such as the allowance and stress testing, are not exempt. The 2008 financial crisis exposed significant weaknesses of relying on incurred losses. 5 Inefficiencies Community FIs Must Resolve to Prepare for Economic Uncertainty. How the Pandemic and PPP Have ‘Turbo-charged’ New Business Lending Strategies.

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Lending Training Data Analysis 195

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

South State Correspondent

JUNE 13, 2022

One morning, President Trump tweeted his desire for an additional tax on all foreign-owned companies operating in the US. 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.

Risk Management 195

Risk Management Examples social media Management 195

PYMNTS

SEPTEMBER 14, 2017

The bank was founded in 2008 and since then has played an active role in helping disrupt how banks conduct their lending activities. As a bank that caters heavily to companies from the FinTech community, Isaacson said, it’s important to give these companies the tools they need to work effectively and gain access to banking infrastructure.

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Innovation Lending Fintech Bitcoin 191

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).

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Regulation United States Community Bank National 122

PYMNTS

JUNE 19, 2017

The company, launched in 2008, burst onto the scene to become one of the most well-known names in the tech platform space. Ultimately, the community of people who are renting their homes to guests on Airbnb really need to trust that Airbnb has their back and that they are going to get paid,” Mokhat explained. “We

Payments 112

Payments System Austin Community 112

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. How do we elevate our credit and operational risk visibility to ensure capital preservation and demonstrate strength to stakeholders? Risk Management.

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Risk Management Capital Strategy social media 88

Independent Banker

NOVEMBER 25, 2015

Even with technology’s increasing influence on retail banking, it’s not typical for a community bank to have one of its most senior and trusted executives concentrate primarily on leading consumer product and payments innovation. billion-asset, 85-branch community bank based in Rockland, Mass., Photo by Ken Richardson. is not typical.

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Innovation Community Bank social media Community 70