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CECL to be released first half of 2015

Abrigo

Several statements, including statements from the chairman of the FASB, alluded to a release date of Q3 or Q4 in 2014; however, in a September Board Meeting, the FASB decided to defer release of the new guidance to the first half of 2015. How should community banks prepare for the transition? • Capital plan for the adjustment.

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Online Lending To Small Business Increases 50 Percent Between 2015 And 2017

PYMNTS

Between 2015 and 2017, the amount of lending to small businesses by the five leading online lending providers increased 50 percent, according to a new report from NDP Analytics, a Washington, D.C.-based billion in 2015. communities.”. in gross output in local communities across the country.” based economic research firm.

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Longer exam cycle for more community banks?

Abrigo

A new bill proposed on April 16 aims to increase the exam cycle period for a larger pool of community banks. OCC guidance on Community Bank Supervision states all national banks must receive a full-scope, on-site exam at least annually. Bankers and credit union professionals can take the 2015 Bank and Credit Union Exam Survey here.

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What 2015 holds for banking

Abrigo

The IBM Institute for Business Value released its 2015 report, “ The paradox of Banking ”, which analyzes the existing market and makes predictions about how the landscape will evolve, what will make banks succeed or fail and how institutions can use the market trends to their advantage.

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FDIC: Community banks outperform industry in third quarter

Abrigo

Results from the third quarter were just released, and while overall results were positive, community banks in particular excelled. Growth was even stronger at community banks, where over 70 percent reported increased loan growth from the previous quarter. Community banks’ net income grew almost 11 percent to $4.9

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Carpool Startup Scoop Raises $60M In Activate Capital-Led Round

PYMNTS

Corporate carpooling startup Scoop raised $60 million, bringing its total funding to $106 million since its 2015 launch, TechCrunch reported on Wednesday (Aug. The funding round was led by Activate Capital with participation from Goldman Sachs, NGP Capital, Total Group, BNP Capital and others.

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Defending the bank's capital levels

Abrigo

The Recession and its subsequent rate of bank failures underscore the need for banks of all sizes to invest in developing a capital plan. The Recession taught many institutions that whatever processes had been in place for managing capital were not sufficient. The result was insufficient capital. Forward-looking review 4.

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