Independent Banker
NOVEMBER 30, 2021
We asked both leaders and staffers to tell us what makes their community banks stand out as employers. Key Community Bank: Leading by example. Key Community Bank. At the heart of Key Community Bank’s work culture is connection. Greg Dennis, Key Community Bank. “We
Abrigo
JANUARY 1, 2016
Government Accountability Office (GAO), community banks and credit unions are starting feel the impact of the Dodd-Frank Wall Street Reform Act. The GAO report, released on December 30th, examined nine Dodd-Frank rules that became effective as of October 2015 for impact on community banks and credit unions.
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Abrigo
SEPTEMBER 22, 2015
By eliminating or revising some of the items that banks must include in their call reports the FFIEC hopes to streamline the reporting and decrease the amount of time spent on them. The new data reporting plan is available for public comment now, and if passed, would likely take affect for Q4 or first quarter 2016 call reports.
Abrigo
DECEMBER 11, 2014
For those with assets between $100 billion and $750 billion, the effective date is May 10, 2015, and for those between $50 billion and $100 billion, guidance will be effective on May 10, 2016. While the final guidance clearly applies to larger financial institutions, community banks should still take note.
Jack Henry
DECEMBER 14, 2021
Current Expected Credit Loss, or CECL for short) in January 2023, community banks and credit unions are fully engaged. When CECL was first released back in 2016, the prevailing thought was that achieving compliance basically meant choosing a model and filling it with data.
Abrigo
FEBRUARY 11, 2022
Earlier this month, the FASB considered and rejected further deferral of the CECL standard, initially issued in 2016 in response to the 2008 global financial crisis. The decision appears to mark the board’s final word on ongoing petitions from community banks and credit unions who asked for a delay or total exemption.
Abrigo
NOVEMBER 18, 2016
In a survey of community banks and credit unions at the 2016 Sageworks Risk Management Summit, 42 percent of respondents said Commercial Real Estate, or CRE, lending was their primary focus for loan portfolio growth. This reflects a larger industry trend. For many, commercial real estate lending may be the ticket.
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