Jeff For Banks

SEPTEMBER 13, 2015

He joined COB's board in 2009 after its $310 million recapitalization which was needed from a disastrous slew of losses incurred starting in 2008 as a result of awful credit decisions, leading to a 21% NPA/Asset ratio peak in 2010. Selection: Mitch Englert, EVP of Community Banking, Capital City Bank Group, Inc.

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Gonzobanker

JANUARY 17, 2020

So, to get your Gonzo executive brains warmed up for a new year, I offer you 20 important banking realities for 2020 to guide your strategic execution efforts: 1. We are entering the “tech decade” in banking. In the years 2010-2020, new tech adoption transformed customer expectations. The delay has been too long.

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PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. With clearance to move forward with its plans, the community banking landscape will see its first new industry player in years.

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Independent Banker

MARCH 15, 2015

Thoughtful lending and an open mind keep profits strong for incoming ICBA chairman Jack Hartings. The Peoples Bank Co. While out-of-town lenders gave money to customers requiring no down payments to buy overpriced homes that they couldn’t afford, Hartings, the president and CEO of The Peoples Bank Co. By Kelly Pike.

Ohio 70

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Jeff For Banks

DECEMBER 18, 2014

Year to date through September 30th, Open Bank had $4.5 The lion''s share of their growth, profitability, and capital have come since their re-branding to Open Bank in 2010. In June, the bank raised an additional $30 million of common equity, positioning it to continue its strong growth. #2. share at the end of 2010.

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Jeff For Banks

DECEMBER 19, 2015

Those investors that jumped onboard at the end of 2010 were well rewarded. OTCQX: FETM) In 2006, Fentura Financial, the holding company for the creatively named State Bank, had over $620 million in total assets, $51 million in total equity, an 0.85% ROA, and a book value per share of $24.08. share at the end of 2010.

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Jeff For Banks

MARCH 3, 2010

Alex Pollack, a resident fellow at The American Enterprise Institute, had a sobering editorial in the March 3, 2010 American Banker. He rattled off sobering facts: fifty five percent of commercial bank loans are tied to real estate. For commercial banks under $1 billion in assets, the number jumps to seventy four percent (see chart).

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Jeff For Banks

MAY 4, 2020

Readers note: You can also view this post on Penn Community Bank's website. At this point, once recovered, the economy will grow but at a slower pace than the 2% to which we had grown accustomed from 2010 to 2019. Dorothy has been with Penn Community Bank and its predecessor since November, 2004. Click here.

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Independent Banker

JUNE 30, 2022

The Peoples Bank helped the Jones family of Legacy Dairy in Hiseville, Ky., From left, Ally Jones; bank chairman, president and CEO Terry L. Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. Ag lending in the South: Relationships matter. By Ed Avis.

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Abrigo

SEPTEMBER 14, 2022

Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. The proposed rule , unveiled Sept. A Decade in the Making.

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Abrigo

APRIL 7, 2022

At recent Abrigo CECL Kickstart webinars, consultants demonstrated CECL implementation practices with an emphasis on the needs of community banks and credit unions. Suppose your institution’s loans are well-secured and strongly underwritten, and you rarely have defaults or loss events.

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Jeff For Banks

APRIL 14, 2022

2019 Mehrsa Baradaran Baradaran, Mehrsa The Color of Money: Black Banks and the Racial Wealth Gap 2019 Neil Barofsky Barofsky, Neil Bailout: An Inside Account of How Washington Abandoned Main Street While Rescuing Wall Street 2012 Patricia Beard Beard, Patricia Blue Blood and Mutiny: The Fight for the Soul of Morgan Stanley 2007 Ben S.

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PYMNTS

FEBRUARY 26, 2018

Dodd-Frank , the controversial 2010 legislation that came in the wake of the financial crisis that was in the crosshairs of the Trump administration from the start, seems to be resting a bit easy at the moment – but perhaps just for the moment. . Talk of regulatory reform is normal discourse on the Hill.

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CB Insights

MAY 15, 2019

Founded: 2010. Founded: 2010. Notable projects: A blockchain mortgage lending application looks to harness the power of blockchain technology and apply it to the mortgage industry. The BNY Mellon team partnered with Deutsche Bank to create a system that would allow their respective chatbots to integrate. Founded: 2014.

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