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. First Community Bank of the Heartland, Inc.

Community Bank 172

Community Bank Community National Philadelphia 172

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

CFPB Monitor

JULY 5, 2022

The OCC’s 2010 handbook does not account for new statistical analyses and methods for analyzing potential redlining since it was issued and therefore lacks specificity on how examiners should build on OCC economists’ statistical analyses and conclusions when conducting a redlining review.

Lending 78

Lending Report Policies Handbook 78

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.” Over the next few years, the percentage gradually increases to 2.5%, effective January 1, 2019.

How To 236

How To Capital Community Bank Maine 236

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. Instead, remember that if your institution’s process is reasonable, defensible, and based on accurate and available data , compliance will not be an issue. Whitepaper.

Policies 195

Policies Data Examples Lending 195

Gonzobanker

SEPTEMBER 5, 2017

Under the DFA, banks that cross over $10 billion in assets face costly regulations such as DFA stress testing, Consumer Financial Protection Bureau oversight and Durbin Amendment compliance, which caps banks’ interchange income. Have regulatory compliance costs skyrocketed as feared? ERM/COMPLIANCE COSTS.

Risk Management 60

Risk Management Compliance Survey Cards 60

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. But community banks should not be without hope, nor should they underestimate the significance of customer relationships.

Community Bank 70

Community Bank Community Lending FDIC 70

CFPB Monitor

SEPTEMBER 25, 2015

” The complaint alleged that based on 2000 and 2010 census data, more than 90 percent of the branches opened or acquired as a result of this expansion effort were outside of majority-Black-and-Hispanic neighborhoods. .” The proposed consent order requires the bank to pay a $5.5 million civil money penalty to the CFPB.

NJ 60

NJ New Jersey New York Philadelphia 60

CFPB Monitor

JULY 11, 2022

Although the Fed never officially voted to approve or disapprove the Official Staff Commentary, the Fed delegated to the Director of the Office of Community and Consumer Affairs the authority to issue Official Staff Commentary. None of these communication methods involve seeking comments from the public.

Regulation 78

Regulation Meeting Pennsylvania Compliance 78

PYMNTS

DECEMBER 11, 2019

That’s why, she noted, the Opportunity Fund in 2012 created a low-cost lending program for independent truckers to provide them with the funds to either retrofit their existing trucks into compliance with the state’s regulations, if possible, or to put a down payment on a new vehicle if not.

California 131

California District of Columbia Lending Taxes 131

Gonzobanker

JANUARY 17, 2020

In the years 2010-2020, new tech adoption transformed customer expectations. Community banks and credit unions do not fear each other. Here’s a great question for community bank executives: What would it take for your local competitors to fear you as much as a Top 5 player? We are entering the “tech decade” in banking.

Customer Experience 126

Customer Experience Fintech Regional Cards 126

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. By Ed Avis.

Community Bank 70

Community Bank Alabama Ohio Community 70

Abrigo

JULY 23, 2021

It is a concept that we have all heard of, however, the concept remains somewhat of a mystery in the community bank world. Since at least 2010, Daedong Credit Banks processed transactions that were worth millions in US dollars for DPRK companies involved in nuclear and missile programs. Since the U.S.

National 195

National Training United States Regulation 195

Gonzobanker

AUGUST 22, 2014

Between the end of 2010 and 2013, one new bank opened in the United States. . The costs of regulatory compliance, investments in new technology, investments in physical and digital channels, and thinning industry margins mean banks will need to be of a “certain” size to succeed long term. 20 years ago 10 years ago Today.

Strategy 87

Strategy United States Community New York City 87

CB Insights

FEBRUARY 13, 2020

Brothers Patrick and John Collison founded Stripe in 2010 in an attempt to gain share in online payments, a then-nascent market with seemingly boundless growth opportunity. These APIs handle everything from acceptance and processing to settlement and reconciliation, while ensuring compliance and security.

Online 98

Online Company Retail Payments 98

CB Insights

MAY 15, 2019

Working with FCAT, the charity searched for third-party vendors and iterated testing on compliance with legal and regulatory requirements to be able to accept Bitcoin. Founded: 2010. Founded: 2010. Intended to mimic the approach of a startup, it aims to find ways to disrupt community banking. Get the entire 43-page PDF.

Innovation 78

Innovation blockchain Technology Groups 78

CB Insights

SEPTEMBER 10, 2018

Similarly, nearly 10,000 people use the mPower app, which provides exercises like finger tapping and gait analysis to study patients with Parkinson’s disease who have consented to share their data with the broader research community. . Apple is also working with popular EHR vendors like Cerner and Epic to solve interoperability problems.

Industry 28

Industry Trends Apple Study 28