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 73

Community Bank Community Apple National 73

Independent Banker

JANUARY 31, 2022

Here’s how four community banks are thriving in this environment. The 2020 Census quantified the growth many residents were already sensing: Austin grew by 33% between 2010 and 2020, earning it the rank of fastest-growing large metro. These include family-owned businesses, community businesses and operating companies.

Texas 182

Texas San Antonio Community Bank Community 182

PYMNTS

MARCH 9, 2017

The report noted Google is getting one of the biggest and most active data scientists’ community and will get access to more mindshare. million in venture funding since it went live in 2010. TechCrunch noted that once Google acquires Kaggle, it’s expected to keep the contests going. Based on data from Crunchbase, Kaggle has raised $12.5

Google 101

Google Data Groups Video 101

PYMNTS

FEBRUARY 24, 2016

billion boost in net operating revenue, accompanied by a $2.7 In reference to community banks, the 5,735 that reported said they had $5.1 Loan losses showed their first year-over-year increase since the second quarter of 2010, and charge-offs were up 7 percent for the most recent period. The Federal Deposit Insurance Corp.

FDIC 100

FDIC Community Bank Maine Community 100

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Shielding sensitive customer information from prying eyes remains a chronic industry challenge. By Katie Kuehner-Hebert.

Data 91

Data How To Community Bank California 91

Jeff For Banks

DECEMBER 13, 2018

This is clearly a turnaround situation, as the bank lost over $12 million in 2010, over 20% of its capital (ouch). is the parent company of Willamette Valley Bank, a community bank headquartered in Salem, Oregon. The Bank operates five full service offices. It also operates 13 Home Loan Centers in Oregon and Idaho.

Oregon 101

Oregon Ohio California Community Bank 101

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

PYMNTS

OCTOBER 17, 2017

Ultimately, that effort was pushed back by a coalition of unions, consumer groups, community banking groups and legislators that did not trust Walmart’s business plan or intentions once they had the license and FDIC deposit insurance in hand. That lending operation has been fairly successful for Square, and has lent out over $1.8

Industry 108

Industry Fintech FDIC Community Bank 108

Jeff For Banks

NOVEMBER 19, 2014

But in strategic planning retreats that I moderate, community financial institutions insist that they lend to small businesses. In fact, when I recently spoke to a group of New York bankers, I opined that community FIs would lend to small businesses only if they have three years of operating profit and a building as collateral.

Lending 95

Lending San Francisco Community Community Bank 95

PYMNTS

MARCH 5, 2019

The company ceased operations in late January after laying off 30 percent of its workforce in May 2018. Since 2010, we have been committed to bringing fresh, local, and delicious meals into your homes along with all our customers across the country,” the company wrote in the email announcement in January.

San Francisco 117

San Francisco Los Angeles Capital Seattle 117

PYMNTS

MAY 30, 2018

For 40 percent, the challenges came from paying operational expenses, while 30 percent said securing credit was a pressing issue. The Economic Growth, Regulatory Relief and Consumer Protection Act loosened some of the regulations on small financial institutions, including community banks whose customers included many small businesses.

Lending 115

Lending Community Bank Survey Community 115

Abrigo

AUGUST 26, 2015

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.”. The topic of reevaluating exam cycles isn’t a new one, though.

Survey 150

Survey Community National Community Bank 150

Independent Banker

MARCH 15, 2015

Increasingly, more digitally connected consumers are saying yes to that question with their community bank. For many community banks, telephone calls still generate the highest volumes of customer service interactions. For many community banks, telephone calls still generate the highest volumes of customer service interactions.

Community Bank 70

Community Bank Community Operations Retail 70

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

PYMNTS

AUGUST 8, 2019

Launched in 2010, Fiverr reported that it has facilitated more than 50 million transactions between 5.5 The company also pointed out the need to continue growing the community, as well as the chance that the freelance market may not grow as quickly as expected. million in 2017 to $36.1 million in 2018. million to $75.5 Gig Growth.

Report 116

Report Trends Strategy Capital 116

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 127

Customer Experience Fintech Regional Cards 127

PYMNTS

MAY 14, 2018

The average model year of a GasBuddy customer is a 2010, and the most popular vehicles on their platform (and in America) remains trucks and SUVs – cars associated with a fair amount of gas consumption. Security, she said, is among them, since card skimming at pump readers is an endemic problem for gas station operators.

Millennials 101

Millennials Operations Mobile Cards 101

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. So, as a branchless bank, BofI has leveraged its significantly lower operating expenses into profit.

North Dakota 93

North Dakota Arizona Minnesota Los Angeles 93

Independent Banker

JULY 1, 2015

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. Finding out what they enjoy about their operation is typically their strength, and what they don’t enjoy is typically their weakness.

Montana 70

Montana Minnesota Lending Community 70

Jeff For Banks

SEPTEMBER 4, 2011

billion in assets bank servicing the businesses, citizens, and communities of Southern Indiana. Net interest income grew over $10 billion when comparing 2007 to 2010, while non-interest expense grew less than $5 billion. is 26% higher than 2010 EPS. Nasdaq: GABC) of Jasper, Indiana German American is a 100-year old, $1.8

Indiana 73

Indiana Strategy Exercises Marketing 73

PYMNTS

FEBRUARY 13, 2017

Bank of America opened 31 new branches in 2016 and, as of today, operates 4,579 financial centers. That is a dropoff from the 4,726 BoAs operated during the fourth quarter of 2015 and the 5,900 open for business at the end of 2010. The Week In Hack Attacks.

Data 122

Data Retail America Minneapolis 122

Insights on Business

JANUARY 10, 2017

And Blockbuster, which in 2004 had about 60,000 employees and more than 8,000 stores, was in bankruptcy by 2010 because Netflix and other on-demand video providers figured out how to deliver a much more convenient and rewarding experience. Many major hotel chains are aware that their market valuation has been eclipsed by Airbnb.

Customer Experience 87

Customer Experience social media Video Innovation 87

Jeff For Banks

DECEMBER 12, 2015

If a bank deems a vendor critical to its operation, it must analyze the vendor's financial statements to be confident in its viability. So I went to the Finovate 2010 Best of Show to see where these firms are now. Thank you to all of our users over these years who helped to make our community and products a success."

Fintech 60

Fintech Capital Cards Bitcoin 60

PYMNTS

JUNE 13, 2017

Started in 2007, VoltDB’s first commercial release was in 2010. VoltDB was built to bring speed, scalability and performance to modern operational applications. There are few tests as recognizable as Jepsen in our community. PYMNTS: Why was the company founded? What was the grand idea that sparked it? passed the Jepsen Test.

Retail 111

Retail Data Online Management 111

PYMNTS

JULY 7, 2018

As part of the deal, Motivate’s servicing and maintenance operations will remain a stand-alone business, and Motivate will retain its brand name and continue to support its North American bikesharing programs. Though FinTech companies originated less than 1 percent of personal loans in 2010, they originated 36 percent of them in 2017.

Samsung 110

Samsung Payments Seattle Google 110

PYMNTS

JUNE 17, 2016

We were thrilled to report that the health of those businesses that line the side streets and main streets of Any Town, USA are not only healthy and growing but making the local economies in which they operate healthy, too. Operating a business in a profitable manner — what a quaint idea. And, that’s not all the good news.

Apple 100

Apple Maine Retail Course 100

Filene

FEBRUARY 27, 2018

Center for Performance and Operational Excellence: Fiserv, Christian Financial CU, Alliant CU. Speaking of those last two centers on Operational Excellence and Emerging Tech – you won’t want to miss our 1-2 research punch coming to California this April. Now we are here to empower you to--that’s right--LIGHT IT UP!

San Diego 47

San Diego Austin Boston Innovation 47

Jeff For Banks

FEBRUARY 15, 2020

So was the case at the ABA Conference for Community Bankers. A well-run operation where I get to know the folks at ABA better, meetup with clients and "conference buddies" (other service providers that we see at many other conferences), and learn. He left the show in 2006 but returned as president of ABC News in 2010.

Conference 78

Conference Industry How To Management 78

Jeff For Banks

DECEMBER 26, 2012

In its latest investor presentation, BofI highlighted it''s expense ratio (operating expense as a percent of average assets) compared to peer as 1.67% versus 3.17%, respectively, and efficiency ratio (operating expense as a percent of total revenue) compared to peer as 35% versus 63%, respectively.

Texas 82

Texas National FDIC Capital 82

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. Many if not most of these businesses don’t own the buildings where they operate. Community banks have struggled to separate themselves from large financial institutions.

Lending 60

Lending Capital Community National 60

Jeff For Banks

MARCH 5, 2022

As we learned during the expansionary decade of 2010 to 2020, GDP greater than 90% for several years will lower GDP by one-third. Remember that Fed policy operates with a lag. Dorothy has been with Penn Community Bank and its predecessor since November, 2004. Growth only averaged +2.2% 76%, the 5 year is up.40%

Marketing 78

Marketing Policies Community Bank Community 78

PYMNTS

OCTOBER 14, 2016

A second ad due for release in a few weeks will provide information for local business owners on how to accept bitcoin and its benefits to the local community. Jason Gantt and his father, Vernon, operate two bitcoin mines out of their respective homes and are in the process of constructing a third. So, residents of Keene have it right.

Bitcoin 100

Bitcoin Conference New Hampshire blockchain 100

Jeff For Banks

FEBRUARY 6, 2011

Take for example the language from an FA Article relating to a strategic plan issued by the OCC to The Suffolk County National Bank of Riverhead (“SCNB”) in New York on October 25, 2010: “The Board shall adopt, implement, and thereafter ensure Bank adherence to a written strategic plan for the Bank covering at least a three-year period.

Regulation 73

Regulation FDIC National Capital 73

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. Stripe’s early success in acquiring customers was largely due to its mass appeal to the developer community. Sigma aims to streamline business operations.

Online 98

Online Company Retail Payments 98

Jeff For Banks

APRIL 9, 2011

Community FI''s are similar to other companies in their strategic decision making. If revenues decline, it is not typical for expenses to decline, as banks don''t often let people go or scale down operations like a mortgage origination shop or a brokerage firm.

Boston 93

Boston Analytics Analysis Groups 93

Jeff For Banks

SEPTEMBER 13, 2011

ESB operates like many other thrifts. This gives employees comfort in management consistency, management a deep understanding of bank operations, and customers comfort in seeing familiar faces at the bank and in the community. But you can''t argue with results.

Arkansas 67

Arkansas Charlotte Pennsylvania Management 67

PYMNTS

APRIL 22, 2016

BW: The ecosystem in which we operate. Among his many industry and community involvements, Wiskirchen serves as the Chairman of the Board of Directors of the Salt Lake City Branch of the Federal Reserve Bank of San Francisco. PYMNTS: Where do you look for innovative ideas and why?

Fraud 100

Fraud Idaho Innovation San Francisco 100