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Cutting the red tape for community banks

Abrigo

Many community banks see this as a welcomed move towards offering smaller institutions some relief from the regulatory pressures of their larger, national counterparts. Laura Stewart, CEO of Sound Community Bank in Washington said of preparing the call report: "It almost feels like a full-time job."

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Regulation and Compliance: Ready for Review

Independent Banker

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. Regulators and industry consultants agree that community banks are generally doing a great job handling their regulatory oversight and requirements.

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The 2014 GonzoBanker Awards

Gonzobanker

It’s time for the 2014 GonzoBanker Awards! THE BANKING AWARDS. Bank Acquisition of the Year - BB&T Corp. Nice community bank culture fit between the two as well. Bank Merger of the Year – California United Bank and 1 st Enterprise Bank in Los Angeles. but let’s just dive into it!

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CFPB announces new appointments to advisory groups

CFPB Monitor

The CFPB has announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. Chi Chi Wu, Staff Attorney, National Consumer Law Center, Boston, MA. Community Bank Advisory Council Members. ”

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The 2022 GonzoBanker Awards

Gonzobanker

SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Seacoast Bank is at it again… and this time it is blowing past $10B in a big way. In just five months, Seacoast announced three bank acquisitions ( Drummond, Apollo , and Professional ) totaling a little over $4.7B THE TECHNOLOGY AWARDS.

Community 216
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Washington Watch

Independent Banker

Many community bankers concluded that the EGRPRA is little more than a “check the box” process for regulators. In fact, our opening salvo in the 2014-16 EGRPRA review offers not just a sampling of banking regulation in need of reform, but also advice on how regulators could maximize their effectiveness over the next two years.

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Wading Through the Waters

Independent Banker

Recently Congress passed the Biggert-Waters Flood Insurance Reform Act of 2012, followed by the Homeowner Flood Insurance Affordability Act of 2014 (HFIAA). Both of these laws pointedly changed the National Flood Insurance Program requirements over which of the banking agencies have jurisdiction. Small-lender exception.