Independent Banker

FEBRUARY 24, 2016

Community banks cannot afford to ignore the staggering pace of lending adoption by both individuals and businesses using digital-only platforms from various nonbank technology-based specialty lending firms. a community bank operating and software services firm in Wilmington, N.C. By Jonathan Rowe.

Community Bank 70

Community Bank Community Lending FDIC 70

Jeff For Banks

NOVEMBER 19, 2014

The above chart is from a Federal Reserve Bank of San Francisco Economic Letter: Slow Business Start-ups and the Job Recovery published in July. But in strategic planning retreats that I moderate, community financial institutions insist that they lend to small businesses. Some took offense. Yes, a loan is the most often cited.

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Lending San Francisco Community Community Bank 93

PYMNTS

OCTOBER 17, 2017

Walmart claimed it wanted to leverage the proposed bank mainly for the purpose of lowering costs of its backroom processing of check and credit card transactions and to offer high-interest certificates of deposits. Square already has an SMB lending arm – Square Capital – which it operates through a deal with Utah-based Celtic Bank.

Industry 108

Industry Fintech FDIC Community Bank 108

Abrigo

DECEMBER 16, 2019

Ours, who is Senior Vice President and Director of Credit Administration of Summit and its 32-location bank subsidiary, Summit Community Bank Inc., Ours said that for Summit Community, which decided to use the cohort methodology, which is a loss migration approach, the choice came down to the availability of quality data. “We

West Virginia 195

West Virginia Virginia Data Community 195

Abrigo

AUGUST 3, 2017

The FDIC paper The Entry, Performance, and Risk Profile of De Novo Banks published in April 2016 reports that the number of de novo bank failures and acquisitions annually has drastically declined since 2010, primarily due to the fact that new bank formations have become nearly inexistent.

Oklahoma City 150

Oklahoma City FDIC Handbook Oklahoma 150

Abrigo

OCTOBER 2, 2014

According to the BCBS’s Basel III framework document published in December 2010 and revised in June 2011, the main objective is to improve banks’ “ability to absorb shocks arising from financial and economic stress.” Blog Bank Credit Union' Click here to register for Preparing for Basel III.

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How To Capital Community Bank Maine 236

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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Community Bank Community FDIC Marketing 122

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

Jeff For Banks

JUNE 2, 2023

The old borrow short, lend long strategy. I want to read to you the FDIC’s conclusion from their An Examination of the Banking Crisis of the 1980’s and Early 1990’s. Who would’ve thought lending $1 million to a San Francisco cab driver to buy a house at 100% loan to value would go bad? We took a serious reputational hit.

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FDIC Community Bank Regulation Lending 78

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

Ohio Community Bank Community Lending 70

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.

Community Bank 60

Community Bank Lending Community Security 60

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.

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Customer Experience Fintech Regional Cards 127

Independent Banker

JULY 1, 2015

The senior loan officer at Teton Banks has been instrumental in helping the bank more than quadruple its loan portfolio during his 17-year tenure with the bank. Teton Banks, a $200 million-asset community bank, is located in central Montana. That bank merged with its sister bank in 2010 to form Teton Banks.

Montana 70

Montana Minnesota Lending Community 70

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. That Act did not permit national banks to lend on real estate.

Lending 60

Lending Capital Community National 60

Jeff For Banks

DECEMBER 18, 2014

Open Bank (OTCQB: OPBK) Open Bank commenced operations in 2005 as First Standard Bank in the Koreatown section of Los Angeles. They are built as a relationship bank serving the Korean community in LA and surrounding areas. Year to date through September 30th, Open Bank had $4.5 share at the end of 2010.

North Dakota 91

North Dakota Arizona Minnesota Los Angeles 91

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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Marketing Philadelphia Community Bank US 78

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. Photo by Linkes Photography. By Ed Avis.

Community Bank 172

Community Bank Community National Philadelphia 172

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.

North Dakota 60

North Dakota Arizona Michigan Florida 60

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. If they don’t?

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Lending Data Regulation Community 195

Independent Banker

NOVEMBER 24, 2014

“I love being around people, and people are what community banking is all about.” Shirley Nelson, Summit Bank. Overcoming various long odds over the years, Shirley Nelson launched and then grew a thriving California community bank. Shirley Nelson , Summit Bank. Bank Headquarters: Oakland, Calif.

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Oakland Community Bank Community Industry 98

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. What if our lending footprint is very small and not affected by macroeconomic factors such as unemployment? Reasonable, defensible, data-based CECL models.

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Policies Data Examples Lending 195

Gonzobanker

DECEMBER 20, 2019

Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank. It was always clear how much Jones loves his credit union, his team and his community. Change Agent of the Year.

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Idaho Conference Data Marketing 148

Abrigo

FEBRUARY 16, 2015

A popular opinion, brought to the forefront last week by a Harvard University report , is that these regulations are imposing a significant burden on small financial institutions such as community banks and credit unions. She also added that community banks, specifically, have seen more than 11 percent growth.

Community Bank 150

Community Bank Community Regulation Lending 150

CFPB Monitor

JANUARY 31, 2017

The Independent Community Bankers of America issued a statement calling on the Trump administration “to rein in the overzealous application of fair lending laws.” Requiring community banks to expand their market presence into neighboring counties would force them to alter their model and sound business practices.”

Community Bank 60

Community Bank Community Lending Minneapolis 60

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.

America 78

America National Denver United States 78

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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Regulation Bitcoin Innovation Fintech 101

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. Intended to mimic the approach of a startup, it aims to find ways to disrupt community banking. Get the entire 43-page PDF.

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Innovation blockchain Technology Groups 78

Independent Banker

FEBRUARY 16, 2015

From opposite political directions, Senators Shelby and Brown stand on point to greatly influence community banking’s agenda in the next Congress. The mix of contrasts and similarities of Shelby’s and Brown’s perspectives and policymaking portend an active session for community banking’s agenda in the new 114th Congress.

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Community Bank Alabama Ohio Community 70

CFPB Monitor

JULY 5, 2022

In response to a request from three Democratic House members, the GAO recently issued a report on its review of fair lending oversight conducted by the Office of the Comptroller of the Currency. In three of the five examinations, examiners did not find the banks’ responses disputing their findings to be satisfactory.

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Lending Report Policies Handbook 78