Remove 2016 Remove Community Remove FDIC Remove Regulation
article thumbnail

Community Banks Aim To Amplify Competitive Edge With FinTechs

PYMNTS

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.

article thumbnail

FDIC Requests Submission of 2019 D&I Self-Assessments through a New and Improved Application

CFPB Monitor

On March 23, 2020, the FDIC’s Office of Minority and Women Inclusion (OMWI) announced that it will request 2019 diversity self-assessments from FDIC-regulated financial institutions. The FDIC regulates insured state banks that are not members of the Federal Reserve System and insured state thrifts.

FDIC 60
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cutting the red tape for community banks

Abrigo

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. Many community banks see this as a welcomed move towards offering smaller institutions some relief from the regulatory pressures of their larger, national counterparts.

article thumbnail

A digital-first bank for south Florida

Independent Banker

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. from 2016 until its sale in 2018. By Katie Kuehner-Hebert. Name: Locality Bank.

Florida 91
article thumbnail

CARES Act includes provisions affecting financial institutions and their regulation: some key provisions

CFPB Monitor

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. Section 4008 – Debt Guaranty Authority.

article thumbnail

What Makes an Effective Community Banking Board?

Jeff For Banks

So, as was my take from September 2016, there is no discernable difference between number of board members, age, professions of board members in top performing financial institutions and bottom dwellers. Perhaps not. Either way, having Investment-type folks on your board doesn't seem to be the secret sauce to great shareholder returns.

article thumbnail

What Makes an Effective Community Banking Board?

Jeff For Banks

So, as was my take from September 2016, there is no discernable difference between number of board members, age, professions of board members in top performing financial institutions and bottom dwellers. Perhaps not. Either way, having Investment-type folks on your board doesn't seem to be the secret sauce to great shareholder returns.