Jeff For Banks

AUGUST 2, 2021

1/ @Schornack At the end of July 2013, we invested $1.8MM to buy 49% of Flagship Financial Group, Inc. 2/ @Schornack The primary asset of the organization was Flagship Bank Minnesota, a Member FDIC and Equal Housing Lender with two locations in the Twin Cities Metro Area. Jackie Herman, our COO 2013. Andy graciously said yes.

Community Bank 78

Community Bank Community Minnesota Metro 78

Abrigo

FEBRUARY 23, 2023

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. Takeaway 3 With effective technology, the bank can continue to grow its portfolio without necessarily adding staff.

Community Bank 195

Community Bank Kansas City Community Lending 195

Independent Banker

JANUARY 31, 2022

Southern Bancorp partners with other community banks to increase loan accessibility and financial literacy to low-income customers. As CEO of Southern Bancorp, Darrin Williams wants to promote relationships between community banks and CDFIs to create more prosperous communities. Better serving its communities.

Community Bank 172

Community Bank Community Leadership Arkansas 172

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. October 2013.

Community Bank 91

Community Bank Community Software New York City 91

Abrigo

NOVEMBER 21, 2014

banks is up $157 billion from the same period in 2013. A recent data report culled from Sageworks Bank Information , a web-based data platform that includes financial and regulatory information on every U.S. bank and credit union, named the “ Top 15 community banks by commercial loan growth.”

Lending 186

Lending South Carolina Miami Community Bank 186

Independent Banker

DECEMBER 31, 2022

From 2019 to 2020 alone, the amount of money involved in elder financial abuse rose by nearly a billion dollars—the largest year-over-year increase since 2013. Community banks can help prevent, identify and report financial elder abuse. ICBA Community Banker University courses. Quick Stats. of the U.S. CRA Partners.

Training 91

Training Community Resources Course 91

Jeff For Banks

DECEMBER 22, 2013

Especially if I believe community banks must increasingly be known for some niche to differentiate. I first became aware of Marlin at the Utah Bankers Association Executive Development Program, where a Marlin Business Bank officer was attending. The bank achieved a year-to-date ROA of 1.24% and ROE of 14.16%. Well done!

Community Bank 89

Community Bank Atlanta Community Strategy 89

Independent Banker

AUGUST 31, 2021

This year’s winners: Left: Central Valley Community Bank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional Community Bank Service Award; Right: Cross River Bank, Emerging Service Program Award. Exceptional Community Bank Service Award. Kennebec Savings Bank.

Community Bank 196

Community Bank Community National Fresno 196

BankInovation

JULY 21, 2020

Radius Bank reaches a national customer base through its digital channels and powers banking services for fintechs like Brex and NorthOne. It’s a business plan the former community bank, which was founded in 1987, spent years developing and continues to improve today. “As

Community Bank 59

Community Bank Community National Fintech 59

Abrigo

FEBRUARY 16, 2016

According to the Urban Institute’s “ Nonprofit Sector in Brief 2015 ,” the number of nonprofits registered with the Internal Revenue Service increased by about 3,000 a year between 2003 and 2013. economy in 2013, or roughly 5 percent of GDP. Revenues increased 3 percent to $2.26 trillion; assets rose 5.2 percent to $5.17 percent to $2.10

Analysis 150

Analysis Lending Community Bank Community 150

Abrigo

MAY 5, 2022

Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S. or largely focused on the domestic banking market. So here’s your head start on finding some banking podcasts that might work for you. Banking Transformed 2. Banking with Interest 4.

Community 195

Community Lending Maine Resources 195

Abrigo

DECEMBER 9, 2014

Community banks are expanding their loan portfolios to include more small business loans, according to the most recent Community Bank Performance report by the FDIC. percent over the 3rd quarter of 2013. Loans across categories increased, with commercial and industrial loans growing at the fastest rate, roughly 5.3

Training 170

Training Policies Analysis Community Bank 170

Abrigo

FEBRUARY 17, 2015

Community banks (under $10 billion in assets) and regional banks (between $10 and $50 billion) represent 21 percent and nine percent, respectively. Regional banks had the most diversified portfolios, but community banks generally had higher concentrations in CRE and agriculture loans.

St. Louis 150

St. Louis Lending Community Bank Regional 150

PYMNTS

JUNE 15, 2016

Kane will report to Gordon Smith, CEO of consumer and community banking. He is replacing Mike Passilla, who was chosen as the company’s chief executive in May 2013 to oversee development of Chase Paymentech and other merchant-focused offerings.

Leadership 100

Leadership Community Bank Community Branding 100

PYMNTS

OCTOBER 23, 2018

However, the success of these efforts was actually centered on sales practice misconduct at the bank. Driven by strict and unrealistic sales goals, employees in Wells Fargo’s Community Bank division engaged in fraudulent sales practices, including the opening of millions of fake deposit and credit card accounts without customers’ knowledge.

New York 139

New York Fraud Community Bank Strategy 139

Independent Banker

MARCH 15, 2015

The ICBA and community bank campaign to improve those rules has included a comprehensive study on their impact that was released before the CFPB announcement of its proposed changes, which are expected to be formally adopted. Of course, this community bank victory is not the result of just one survey.

Washington 70

Washington Community Bank Community Survey 70

Independent Banker

FEBRUARY 24, 2015

The ICBA and community bank campaign to improve those rules has included a comprehensive study on their impact that was released before the CFPB announcement of its proposed changes, which are expected to be formally adopted. Of course, this community bank victory is not the result of just one survey.

Washington 70

Washington Community Bank Community Survey 70

Independent Banker

JULY 30, 2015

His role is to research, develop and provide members with superior products and services that meet the ever-changing needs of community banks and to help them to increase their competitive advantage. Having the best products and services will help community banks continue to effectively serve and compete in their communities.

Resources 70

Resources Tools Community Bank Community 70

Abrigo

AUGUST 11, 2016

Federal Reserve System Survey conducted in 2015, 51 percent of mobile banking users had deposited a check using a banking app in the previous 12 months, a 38 percent increase from 2013. CUNA reported in 2013 that mobile payments were growing at an annual rate of 68 percent.

Michigan 150

Michigan Milwaukee Indiana Wisconsin 150

Independent Banker

JUNE 29, 2015

The rejection of the recent MasterCard-Target settlement showed us something that many of us community bankers have known for a long time—that pennies on the dollar is never a good deal for anyone. As community bankers, we know our customers, but it’s more difficult to protect them when we don’t see them at the point of transaction.

Community Bank 70

Community Bank Community Ohio Security 70

Celent Banking

JUNE 22, 2017

The branch boom in the US has been at the hands of large banks. A historic look at the number of bank branches by asset tier makes this clear. Celent published a report on the topic in 2013 that predicted a steep decline in branch density – something that is now underway. Source: FDIC, Celent analysis.

Study 125

Study Community Bank Trends Analysis 125

Independent Banker

NOVEMBER 24, 2015

With wire fraud on the rise, community banks have to step up precautions to protect themselves and their customers. What’s more, 20 percent of the companies that suffered financial losses from payment fraud said their biggest losses stemmed from wire transfer fraud, up from 9 percent in 2013. billion-asset community bank.

Community Bank 70

Community Bank Fraud Atlanta Community 70

Independent Banker

MAY 24, 2016

However, the farm community already is being forced to defend even this scaled-back safety net. million farms and the community banks that lend to them each growing season, Scanlan points out. Community banks also are likely to see increased regulatory scrutiny of agricultural loans this year. Ongoing concerns.

Community Bank 70

Community Bank Kansas City Community Iowa 70

Independent Banker

MARCH 15, 2015

Increasingly, more digitally connected consumers are saying yes to that question with their community bank. Some even assume their bank will interact with them however and whenever they want. 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

SEPTEMBER 22, 2015

Community banks are vital providers of small-business credit because of their extensive local market knowledge and deep customer relationships. In Illinois, a loan participation plan by a community bank “insourced” jobs to the local area from overseas. Community banks are the most active participants in the SSBCI program.

Oregon 70

Oregon Illinois Community Bank Lending 70

Abrigo

APRIL 1, 2015

A recent Wall Street Journal article by Victoria McGrane and Jon Hilsenrath highlighted how the nation’s regulators are increasingly questioning and turning their focus toward bank boards. These smaller banks have also seen new, and more frequent, attention from regulators.

Risk Management 150

Risk Management Community Bank Regulation Boston 150

Independent Banker

OCTOBER 14, 2014

However, now more than ever, one may find more community bankers reaching out in this widely accessible medium as well. Patti Husic, president and CEO of Centric Bank in Harrisburg, Pa., is one community banker who’s doing it right. This year she was named to ICBA’s Top 25 Community Bank Influencers to Follow.

social media 105

social media Leadership Community Community Bank 105

Independent Banker

OCTOBER 14, 2014

When Community Bank of Bergen County unveiled its online mortgage hub this summer, the bank put “ease of use” at the top of its goals for the site, says President and CEO Peter Michelotti. “I Sam Vallandingham, president and CEO of The First State Bank in Barboursville, W.Va., Evans between July 2013 and July 2014.

Community Bank 70

Community Bank Lending Community Oklahoma City 70

Independent Banker

NOVEMBER 13, 2014

Once upon a time, community banks were more than happy to leave the chore of choosing technical devices and running networks to their chief technology officers. In a 2013 survey by research firm Gartner Group Inc., That’s true for community banking as well as other industries. Tech Current. By Maria Korolov.

Study 70

Study Community Bank Community Survey 70

Abrigo

OCTOBER 2, 2014

The arrangements, as shown below, are designed to provide banks with the opportunity to gradually meet the new requirements. minimum common equity capital ratio, took effect on January 1, 2013. It is also important to note that disclosure starts January 1, 2015, which is also considered the compliance deadline for community banks.

How To 236

How To Capital Community Bank Maine 236

Independent Banker

JULY 1, 2015

The combination has helped make him the star lender at Farmers & Merchants Bank, a $120 million-asset community bank in Miamisburg, Ohio. million of the bank’s $17.4 The bank’s portfolio grew 8.84 percent in 2013. Clinton Morton, Famers & Merchants Bank. He booked $6.9

Ohio 70

Ohio Community Bank Maryland Community 70

Jack Henry

SEPTEMBER 19, 2014

At community financial institutions, the “80/20 Rule” is actually a “200/20 Rule.” At the opposite end of the spectrum, over 60 percent of community bank customers lose money for their institutions. For many (if not most) community financial institutions, the mark-ups on small versus large loans are disproportionate.

Strategy 112

Strategy Community Bank Community Capital 112

NCR

MAY 9, 2017

Most community banks and credit unions have only one app, their banking transaction app. Hawaii National Bank’s Hawaii Score enables existing bank customers and non-customers the capability to access a TransUnion credit report and score without the need for a credit card or an existing account with Hawaii National Bank.

Fintech 75

Fintech Hawaii Community Bank San Francisco 75

Jeff For Banks

MAY 9, 2019

And easier is what me and my colleagues hunt for when we do process improvement projects at community financial institutions. Online banks already use automated processes. The ability to deliver community banking services in the manner desired by your customers. Making me wonder: shouldn't this be easier? Believe me.

Survey 60

Survey Community Community Bank Resources 60

Jeff For Banks

APRIL 25, 2014

In 2013 there were 246 bank and thrift merger and acquisition deals announced, the highest number since 2007 when there were 318 deals. will provide greater capital resources and operational scale that will allow us to grow as part of a larger community bank." - Loralee Hutchinson, President of Alarion Financial Services, Inc.

Community 95

Community New York Indiana Connecticut 95

Independent Banker

MARCH 15, 2015

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. in Coldwater, Ohio, and ICBA’s incoming chairman, held fast to his community bank’s conservative lending practices.

Ohio 70

Ohio Community Bank Community Lending 70

Fintech Labs Insights

JUNE 15, 2016

Market intelligence is the tool for this kind of “know your customer,” but for many small and medium-sized banks the challenge of turning raw customer data into actionable market intelligence has been both pricey and technically prohibitive. Founded in 2013. Solution is currently in Phase 1 with partner, Orrstown Bank.

Community Bank 12

Community Bank Data Community Marketing 12