PYMNTS

JANUARY 9, 2018

Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index. Here, again, lies another opportunity for community banks to fill the void. We urge you to make such legislation a priority.”.

Community Bank 131

Community Bank Community Fintech Lending 131

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.

Community Bank 207

Community Bank Community Guidelines Risk Management 207

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.

Resources 195

Resources Regulation Community Bank Community 195

PYMNTS

JANUARY 23, 2020

“The actions announced by the OCC today reinforce the agency’s expectations that management and employees of national banks and federal savings associations provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations,” Comptroller of the Currency Joseph Otting said.

Community Bank 185

Community Bank Regulation Community Meeting 185

Independent Banker

FEBRUARY 28, 2023

Derek Williams, president and CEO of Century Bank & Trust in Milledgeville, Ga., wanted to be a financier before finding his way to community banking. He has also served on ICBA’s executive committee for many years, including a term as treasurer from 2016 to 2018. That love of community has defined his career.

Community 172

Community Community Bank Georgia San Antonio 172

PYMNTS

JANUARY 23, 2020

“The actions announced by the OCC today reinforce the agency’s expectations that management and employees of national banks and federal savings associations provide fair access to financial services, treat customers fairly, and comply with applicable laws and regulations,” Comptroller of the Currency Joseph Otting said.

Community Bank 136

Community Bank Regulation Community Meeting 136

CFPB Monitor

JANUARY 31, 2017

The Independent Community Bankers of America issued a statement calling on the Trump administration “to rein in the overzealous application of fair lending laws.” Requiring community banks to expand their market presence into neighboring counties would force them to alter their model and sound business practices.”

Community Bank 60

Community Bank Community Lending Minneapolis 60

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions. Section 4012 – Temporary Relief For Community Banks.

Regulation 122

Regulation United States Community Bank National 122

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. In 2016, Stumpf announced his resignation as chairman and chief executive of Well Fargo in the scandal’s wake.

Fraud 230

Fraud California Community Bank Security 230

Independent Banker

JULY 31, 2022

Observing the gap in pandemic relief in south Florida due to a lack of local community banks, a trio of banking veterans teamed up to form a digital-first community bank—and were granted a charter in record time to support local businesses. Name: Locality Bank. Keith Costello, Locality Bank. “We

Florida 91

Florida Community Bank Community FDIC 91

Jeff For Banks

JANUARY 12, 2019

This might be explained by the capital formation process, where a low performing bank gets equity injections and those folks go on the board. So how do you, as an executive or Chair of your financial institution, construct your Board to be the most effective at the above and delivering solid shareholder returns? Perhaps not.

Community Bank 60

Community Bank Community FDIC Dallas 60

Jeff For Banks

JANUARY 12, 2019

This might be explained by the capital formation process, where a low performing bank gets equity injections and those folks go on the board. So how do you, as an executive or Chair of your financial institution, construct your Board to be the most effective at the above and delivering solid shareholder returns? Perhaps not.

Community Bank 60

Community Bank Community FDIC Dallas 60

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. February 2016.

Community Bank 91

Community Bank Community Software New York City 91

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.

Community Bank 150

Community Bank Handbook Lending Risk Management 150

PYMNTS

JANUARY 23, 2020

A Wells Fargo regulator is planning to slap former company executives with civil charges associated with their position in its retail banking scandals, people familiar with the matter told Bloomberg on Thursday (Jan. The OCC’s investigation shows regulators that individuals will be accountable along with the company itself.

Regulation 131

Regulation Community Bank Community Security 131

Abrigo

NOVEMBER 12, 2016

Many community banks and credit unions are turning to small business loans as a source of loan growth. In their Spring 2016 Semiannual Risk Perspective , regulators have publicly acknowledged increasing risk in commercial real estate lending, so small business lending seems like it may be an alternative path.

Lending 186

Lending Community Bank Community Analysis 186

PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations. Banking, Eyed by the Fed.

United States 174

United States Regulation cryptocurrency Cleveland 174

American Banker

MAY 6, 2016

Pennsylvania state regulators on Friday closed the $103.3 million-asset First CornerStone Bank in King of Prussia, the third institution to fail this year.

Regulation 28

Regulation Pennsylvania Community Bank Community 28

PYMNTS

FEBRUARY 19, 2019

Earlier this month, the Federal Reserve released new data that found the average merger review time for deals in the banking sector declined to 3.8 The average merger review time at the Office of the Comptroller of the Currency (OCC) declined between 2016 and 2018, too, reports in The Wall Street Journal said.

Marketing 108

Marketing Community Community Bank Industry 108

Independent Banker

JANUARY 28, 2016

Anticipating safety and soundness exam issues in 2016. As in past years, community bankers will have a dynamic regulatory environment to contend with in 2016. Safety and soundness concerns will remain a prominent driver of that supervisory dynamic for community banks. What should community banks anticipate here?

Community Bank 70

Community Bank Community Regulation Lending 70

PYMNTS

MAY 30, 2018

The data indicates firms that applied were more successful in securing funds than they were in 2016 — with 46 percent of applicants getting an approval (as opposed to 40 percent at the same time at the end of 2016). lost more than a quarter of its community banks, according to the Federal Deposit Insurance Corp.

Lending 115

Lending Community Bank Survey Community 115

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

Independent Banker

NOVEMBER 21, 2016

We fully intend to leverage this opportunity for the benefit of community banks and the communities they serve. The incoming president has proposed a new governing order in which adopting any new regulation will require first eliminating two existing regulations. of Farmers Bank and Trust in Great Bend.

Community Bank 70

Community Bank Community Washington Policies 70

Independent Banker

DECEMBER 28, 2015

Happy New Year, fellow community bankers! I hope you enjoyed the holidays and are looking forward to a prosperous 2016. This upcoming year has a lot of good in store for our industry, because ICBA continues to pursue even more successes for community banks nationwide. If we don’t, nobody else will do it for us.

Community Bank 70

Community Bank Washington Community Ohio 70

Independent Banker

JULY 30, 2015

IB: What do ICBA advocacy staff members do to represent community banks in Washington? Hawxhurst: ICBA’s advocacy staff works to represent the interests of community banks before a wide range of policy bodies in Washington, particularly before Congress and the federal banking agencies. Be Heard Website.

Resources 70

Resources Tools Washington Community Bank 70

Independent Banker

DECEMBER 28, 2015

Outsized regulation shapes the business climate and decisions. Far more than any other issue, regulatory compliance is the biggest challenge community bankers experienced in 2015, with 43 percent naming it as such in ICBA’s State of the Community Banking Industry survey. By Denise Logeland. And Center, N.D.,

North Dakota 70

North Dakota Community Bank Community Compliance 70

Independent Banker

FEBRUARY 24, 2016

As in past years, community bankers will continue to contend with a dynamic, highly competitive lending environment in 2016. Mark Vis, a real estate and commercial loan officer with First State Bank Southwest, a $250 million-asset community bank in Worthington, Minn., By Cheryl Winokur Munk. Loyalty pricing models.

Trends 79

Trends Community Bank Lending Community 79

Independent Banker

DECEMBER 13, 2015

New Military Lending Act regulations kick in next fall. The rule defines a “creditor” as a business that is engaged in extending consumer credit and meets the criteria under Regulation Z with respect to extensions of consumer credit to covered borrowers. 3, 2016, compliance date. By Mary Thorson Wright. Beginning Oct.

Lending 70

Lending Compliance Regulation Virginia 70

American Banker

JANUARY 3, 2017

From the industry repercussions of Trump's election victory to the rise of the robots in financial services, these are American Banker's most popular stories of 2016.

Industry 29

Industry Community Bank Regional National 29

PYMNTS

APRIL 30, 2018

The FI said this statistic is two percentage points higher than last year’s report, and a whopping 25 percentage points up from 2016 levels. More than half of small firms also say their local economies are going to improve this year (56 percent), up from 50 percent in the spring of last year, and just 38 percent in 2016.

Taxes 144

Taxes America National Community 144

PYMNTS

AUGUST 14, 2017

The combined entity, using annual data at the end of 2016, will be processing at least $1.5 The Hill reports that regulators have fined those companies “significantly less” during the dawn of the Trump era than had been seen over the same timeframe last year. Specifically, the agreement for U.S. Outside the U.S.,

Fintech 100

Fintech Regulation United States Lending 100

Independent Banker

JULY 29, 2016

These in-depth and timely professional development programs are designed exclusively for community bankers and led by nationally recognized industry experts who know the issues community banks grapple with. Each certification course is designed to prepare bank professionals to handle essential tasks and responsibilities.

Minneapolis 70

Minneapolis Community Bank Community San Antonio 70

Independent Banker

AUGUST 25, 2016

New Bank Secrecy Act rules require closer corporate-customer reviews. In May 2016, the U.S. The result will be more Bank Secrecy Act/anti-money laundering information collection and recordkeeping for community banks, says Lilly Thomas, ICBA vice president and senior regulatory counsel. By Mary Thorson Wright.

Compliance 70

Compliance Community Bank Training Virginia 70

American Banker

MARCH 12, 2016

million-asset North Milwaukee State Bank on Friday. The Wisconsin Department of Financial Institutions closed the $67.1

Wisconsin 28

Wisconsin Milwaukee Regulation Community Bank 28

Independent Banker

JULY 28, 2016

The demands of managing regulatory compliance are uncontested, and depending on the disposition of the participants inside and outside of the bank, compliance management exists with varying degrees of problems and adversity. Just how can your community bank do all of those things? What agency is our prudential federal regulator?

Compliance 70

Compliance Training Community Bank Regulation 70

Jeff For Banks

DECEMBER 16, 2022

In 2021, the bank expensed over $530 thousand to the ESOP to benefit employees. Twenty-six percent of the bank is owned by the Board, Executive Management, and the ESOP. Since 2016, over 50% of total deposits are non-interest bearing, driving superior cost of funds and net interest margin. billion of total assets, $36.7

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

Jeff For Banks

NOVEMBER 9, 2018

According to an appropriately snarky Gonzo Banker post by Scott Hodgins, Wells' blunders are epic: September 2016 - Disclosed that they created two million bogus accounts without customer consent to hit the bank's "eight is great" cross-sell targets. September 2016 - Wrongfully repossessed service members' cars. The stagecoach?

New Jersey 60

New Jersey Compliance Community Meeting 60