PYMNTS

NOVEMBER 13, 2020

13) civilly charged former Wells Fargo CEO John Stumpf and Carrie Tolstedt, ex-head of Wells Fargo’s Community Bank, with allegedly misleading investors in connection with the bank’s unauthorized accounts scandal. Securities and Exchange Commission ( SEC ) on Friday (Nov. Stumpf agreed to settle the charges by paying a $2.5

Fraud 230

Fraud California Community Bank Security 230

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. By Stephanie Vozza.

Community Bank 91

Community Bank Community Software New York City 91

Abrigo

NOVEMBER 10, 2014

According to CB Insight , community bankers felt Q3 was a light one in terms of regulatory compliance. However, the Q3 2014 Banking Compliance Index (BCI), shows otherwise. As a result, banks are having to spend more time and resources on complying with regulations instead of profitable activities such as booking new loans.

Risk Management 170

Risk Management Community Bank Compliance Community 170

Independent Banker

FEBRUARY 24, 2016

Regulators warn once again about rising CRE concentrations and risks. Just about every community bank makes commercial real estate loans. A whopping 95 percent of ICBA members are active commercial real estate (CRE) lenders, according to the latest ICBA Community Bank Lending Survey. By Howard Schneider.

Community Bank 70

Community Bank Lending Community Regulation 70

Abrigo

OCTOBER 7, 2014

In a recent survey conducted in partnership by the Federal Reserve and the Conference of State Bank Supervisors ( CSBS ), over 1,000 community bankers weighed in on a range of hot button issues facing their organizations in 2014. This should come as no surprise. This M&A activity, however, is by no means a recent trend.

Trends 230

Trends Capital Community Industry 230

Independent Banker

FEBRUARY 16, 2015

While Washington often moves at a glacial pace, it recently came to life to enact reforms benefiting bank and thrift holding companies. These reforms—one enacted by Congress, another by regulators—are designed to improve access to capital and to even reporting requirements for community bank and thrift holding companies.

Washington 70

Washington Community Bank Policies Community 70

Celent Banking

MARCH 6, 2015

It’s an important topic that Celent discussed in a report published last year: And Then There Were None: The Disappearance of Community Banks. The figures below outline the decline of banks in the US, going from 11,462 at the end of 1992 to 5,809 in 2014. prepaid services, P2P lending, etc.).

Conference 100

Conference Retail Community Austin 100

PYMNTS

APRIL 7, 2016

In his annual letter to shareholders, Dimon went on, at some length, to say that the “mission-critical” services that big banks can supply are the types of things “regional and community banks simply cannot do.”. “In The concept of breaking up the bank was shot down both in 2013 and 2015.

Washington 100

Washington Regulation Leadership Community Bank 100

Independent Banker

SEPTEMBER 26, 2014

That is why we are calling on regulators to make the most of the latest mandatory review of federal banking rules. The agencies are required to study their regulations for dead weight every 10 years under the Economic Growth and Regulatory Paperwork Reduction Act of 1996. Community Bankers Chosen as CFPB Advisors.

Washington 70

Washington Fort Worth Regulation Community Bank 70

Independent Banker

SEPTEMBER 21, 2015

Under the right circumstances, providing residential mortgages that fall outside of the new federal Qualified Mortgage definition could help a community bank grow its lending, some community bankers say. a $613 million-asset community bank serving central and northern Wisconsin that engages in non-QM lending.

Community Bank 70

Community Bank Lending Community Survey 70

Jeff For Banks

JUNE 2, 2023

Between 1980 and 1995, more than 2,900 banks and thrifts with collective assets of more than $2.2 More recently and by comparison, the mortgage meltdown and subsequent global financial crisis took down more than 500 banks between 2007 and 2014, with total assets of nearly $959 billion. trillion failed.

FDIC 78

FDIC Community Bank Regulation Lending 78

Independent Banker

FEBRUARY 24, 2016

Mark Vis, a real estate and commercial loan officer with First State Bank Southwest, a $250 million-asset community bank in Worthington, Minn., This ups the ante for banks courting certain business owners, particularly those managing startup companies. Morton, a senior lender at the $120 million-asset community bank.

Trends 79

Trends Community Bank Lending Community 79

Independent Banker

OCTOBER 29, 2014

Community bank compliance professionals know three things about effective compliance management: It starts at the top. It permeates all of the policies, processes and procedures of the bank. As a result, most compliance officers were likely not surprised by the August 2014 “Advisory to U.S. By Mary Thorson.

Compliance 80

Compliance Leadership Resources Virginia 80

Abrigo

JANUARY 19, 2015

The BASEL Committee, in a January 2014 article , acknowledged four components of a capital planning process: 1. The Dodd Frank scenarios, while they do not necessarily apply to community banks with less than $10B in assets, can provide some guidance. Blog Bank Credit Union' The result was insufficient capital.

Capital 150

Capital Analysis Policies Examples 150

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

MAY 24, 2016

Direct payments made to farmers disappeared with the 2014 farm bill. 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. Congress targets crop insurance budget.

Community Bank 70

Community Bank Kansas City Community Iowa 70

Jeff For Banks

NOVEMBER 9, 2018

March 2017 - Failed the OCC's community lending test causing "significant harm to customers." February 2018 - Regulators limit WF growth due to "widespread consumer abuses and compliance breakdowns." that have been issued since 2014 or earlier." I recently addressed a bank client's all officer meeting to discuss industry trends.

New Jersey 60

New Jersey Compliance Community Meeting 60

Jeff For Banks

DECEMBER 16, 2022

The bank consists of two segments: 1) the traditional community bank, and 2) CCBX, which is its Banking as a Service (BaaS) division started in 2018. and Puerto Rico banking laws and regulations. Prior to starting CCBX and for the year ended 2017, the Company had $806 million in total assets and $5.4

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

Independent Banker

SEPTEMBER 22, 2015

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. Escrow obligations. Borrower choice.

Regulation 70

Regulation Policies Community Bank Taxes 70

Independent Banker

OCTOBER 14, 2014

According to a statistic released as part of the ICBA 2014 Top 50 Community Bank Leaders in Social Media, nearly 2,500 banks have a Facebook or Twitter presence, and the numbers continue to exponentially grow. bankofannarbor is the BEST Community Bank”. which read, “just setting up my twttr.” About CoNetrix.

social media 88

social media Risk Management Compliance Community Bank 88

Gonzobanker

MAY 8, 2015

As the sessions progressed a theme began to manifest that the traditional banking model has failed our customers and these digital lending platforms intend to reshape the industry, one process at a time. The lending attack on community banks and credit unions has been waged. THE PLAYERS. Consumer Lending.

Conference 60

Conference Lending Community Bank Community 60

Jeff For Banks

JANUARY 16, 2016

Its stock markets are said to have led the world markets plunge, with clumsy attempts by their regulators’ circuit breakers to stem declines actually making them worse. They used to hold reserves of $4 trillion in 2014. Dorothy has been with Penn Community Bank and its predecessor since November, 2004.

Community Bank 60

Community Bank Atlanta Data Marketing 60

Jeff For Banks

AUGUST 12, 2018

The second quarter of 2018 saw growth of 4.1% (the highest quarterly growth since 2014) and the third quarter may be close. As well as the economy has been doing from the momentum of tax cuts and reduced regulation, there are always looming issues. Dorothy has been with Penn Community Bank and its predecessor since November, 2004.

Marketing 60

Marketing Philadelphia Omaha US 60

Jeff For Banks

JULY 24, 2015

If selling in stocks and bonds begins in earnest over this crisis, we will have some of the first tests of liquidity in the markets since new regulations kicked in and restricted financial institutions from trading or making markets. All of this Greek drama could hurt the Euro initially, but it could actually improve if Greece exited.

Puerto Rico 60

Puerto Rico Community Bank Community Risk Management 60

American Banker

APRIL 20, 2016

Research published in 2014 found that just 18% of U.S. checking account holders pay 91% of all bank overdraft fees.

Report 28

Report Community Bank Regional National 28

Gonzobanker

NOVEMBER 18, 2014

Vaynerchuk delivered our second favorite Gonzo quote of the event (keep reading for the first favorite), “The adage ‘We’re regulated’ is a scapegoat from doing cool s**t.”

Chicago 97

Chicago Retail Branch Design Training 97

Tech and Finance

JULY 13, 2016

Power noted that for the first time ever the largest six banks had taken the lead in customer satisfaction, largely through better customer-facing technology. However, as consumer behavior and preferences continue to evolve, there are steps these banks need to take to better position themselves against the surge of their larger competitors.

Regional 28

Regional Mobile Millennials Study 28

Independent Banker

AUGUST 26, 2015

A New Accounting Twist—ICBA’s accounting expert James Kendrick tells community banks to closely watch for the Financial Accounting Standards Board’s pending new standards for recognizing credit losses, much earlier than currently required. Under the FASB plan, banks would instead take a hit the moment they make a loan.

Community Bank 70

Community Bank Community Regulation Connecticut 70

Independent Banker

FEBRUARY 16, 2015

Nobody understands this more intrinsically than the nation’s community banks. Security, along with trusted financial products and expertise, is a foundation of every community bank’s franchise value. Today, community banks must defend against a staggering barrage of relentless, highly sophisticated cyberthreats.

Community Bank 70

Community Bank Community System Security 70

Jeff For Banks

DECEMBER 12, 2017

Their non-performing loans (NPL)/total loans ratio peaked at 12.54% in 2010, and between 2009-12, the Bank charged off over 11% of its loan portfolio. That got regulator's attention in the form of a May 2011 Consent Order (CO). By 2014, they cut the balance sheet in half. is the holding company for Parke Bank, a $1.1

Minnesota 60

Minnesota West Virginia Virginia Iowa 60

Abrigo

FEBRUARY 16, 2015

One of the topics continually making headlines in banking today is the cost of regulation. 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.

Community Bank 150

Community Bank Community Regulation Lending 150

Abrigo

AUGUST 30, 2016

According to Sageworks’ Bank Information resource there are nearly 12,000 community banks and credit unions across the United States. Last week Hillary Clinton released her plan to support community banks and credit unions.

Community Bank 150

Community Bank Community United States Policies 150

Gonzobanker

DECEMBER 19, 2022

Financial institutions that relied on mortgage banking fee income as a key earnings component have been left to make big adjustments. As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. THE TECHNOLOGY AWARDS.

Community 216

Community Fintech Industry Innovation 216

Fintech Labs Insights

JULY 22, 2015

Fidor Bank introduced community banking five years ago. Now it is the first bank to offer open RESTful APIs with OAuth2.0, Why it’s a must-see: Most FinTechs still need banks because of regulation and processing. Fidor Bank provides both regulative support and strong technology.

San Francisco 12

San Francisco Video Fintech Data 12

Jeff For Banks

FEBRUARY 3, 2017

Third, the explosion in regulations over the past eight years has served to hinder businesses, especially new small business formation, and has drained valuable resources as compliance costs soared. He has promised the elimination of many regulations that are strangling businesses.

Marketing 60

Marketing Taxes Regulation US 60

Abrigo

JULY 23, 2021

The regulations are forthcoming, but institutions now should begin the process of performing a threat-focused risk assessment which will guide them where to focus their efforts. It is a concept that we have all heard of, however, the concept remains somewhat of a mystery in the community bank world. BSA Rules and Regulation.

National 195

National Training United States Regulation 195

Independent Banker

OCTOBER 1, 2022

Neil Zick, president and CEO of Twin City Bank, helped Tim Norris obtain financing to start The Link Cannabis Co. When Oklahoma legalized the sales of cannabis for medicinal purposes in 2018, executives of $550 million-asset Blue Sky Bank in Tulsa, Okla., It’s a strategy that an increasing number of community banks are embracing.

Marketing 113

Marketing Compliance Community Community Bank 113