Gonzobanker

DECEMBER 19, 2017

One word can summarize this action-packed banking year, GonzoBankers – tiring. Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. THE BANKING AWARDS.

Conference 101

Conference Industry Community Bank Community 101

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

Independent Banker

AUGUST 31, 2021

This year’s winners: Left: Central Valley Community Bank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional Community Bank Service Award; Right: Cross River Bank, Emerging Service Program Award. Exceptional Community Bank Service Award. Kennebec Savings Bank.

Community Bank 196

Community Bank Community National Fresno 196

PYMNTS

FEBRUARY 19, 2019

As concerns are raised about how industry consolidation might impact competition, Federal Reserve Chairman Jerome Powell is warning that it could hinder small businesses’ access to capital and financial services. months in the first half of 2017. making it one of the nation’s first new community banks in years.

Marketing 108

Marketing Community Community Bank Industry 108

Abrigo

AUGUST 3, 2017

Cheryl Monk, a writer in New York, reviews the de novo environment in her article published in the July 2017 issue of Independent Banker. She writes that, while in recent years new bank formations have been at an all time low, an increase in de novo activity may be on the horizon. A low interest rate environment 2.

Oklahoma City 150

Oklahoma City FDIC Handbook Oklahoma 150

PYMNTS

JUNE 20, 2018

Solopreneur, independent contractor, freelancer, gig worker – regardless of the name, micro-business owners can largely agree that, when it comes to traditional banking, they’re often left out in the cold. They make the engine run,” said Mike Butler, CEO of community FI Radius Bank.

Community Bank 101

Community Bank Community Fintech Survey 101

Jeff For Banks

DECEMBER 16, 2022

Short-term focus is a common trait of banks that focus on shareholder primacy over stakeholder primacy. Total return includes two components: capital appreciation and dividends. As a point of reference, the S&P US BMI Bank Total Return Index for the five years ended December 9, 2022 was -1.21%. MetroCity Bankshares, Inc.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

South State Correspondent

JULY 6, 2022

While most banks hold community cocktail parties, lunch receptions, and host chamber of commerce events, one of the most underutilized events is for banks to attend statewide industry-specific functions. These are primarily annual trade association events for the profitable industries that your bank targets.

Data 195

Data Management Conference Branding 195

NCR

APRIL 6, 2017

Therefore, if banks haven’t investigated this before, 2017 is the time for every financial institution to be investigating what the cloud can offer them. While many leading banks are investing in cloud, smaller community banks often lag behind. A cloud-first approach.

Tools 75

Tools Technology Operations Community Bank 75

Gonzobanker

MAY 31, 2019

article , former Small Business Administration administrator Karen Mills said community banks with strong small business customer bases that don’t find new ways to serve them digitally are going to face a “reckoning.” Source: DeBanked ) Square Capital lent about $1.6 In a recent American Banker. Source: DeBanked ).

Lending 136

Lending Community Bank Community Data 136

PYMNTS

JUNE 18, 2018

Nearly a third (30 percent) of SMBs said they have plans to make capital outlays, while 18 percent said they expect to increase employment; 4 percent said they plan to increase inventories. Thirty percent of small business loan applications at big banks got approved in May, according to Biz2Credit’s latest Small Business Lending Index.

Lending 112

Lending Community Bank Regional Community 112

PYMNTS

DECEMBER 9, 2019

AvidXchange previously raised $300 million in 2017 at a $1.4 Investment bank Financial Technology Partners is advising AvidXchange on this fundraising round, according to sources. Nashville community bank Studio Bank was the first FI to adopt the AvidPay solution. 9), citing sources.

North Carolina 130

North Carolina Nashville Charlotte Boston 130

PYMNTS

OCTOBER 17, 2017

Ultimately, that effort was pushed back by a coalition of unions, consumer groups, community banking groups and legislators that did not trust Walmart’s business plan or intentions once they had the license and FDIC deposit insurance in hand. That lending operation has been fairly successful for Square, and has lent out over $1.8

Industry 108

Industry Fintech FDIC Community Bank 108

PYMNTS

OCTOBER 19, 2017

18) suggests that small businesses (SMBs) are likely to reduce borrowing activity in the second half of 2017. The report also found that demand for capital among small businesses has dropped more than 10 percent in the third quarter compared to the second quarter. A new survey released on Wednesday (Oct. percent gains, down from 10.6

Survey 119

Survey Community Bank Lending Analysis 119

PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. With clearance to move forward with its plans, the community banking landscape will see its first new industry player in years.

Community Bank 122

Community Bank Community FDIC Marketing 122

Jeff For Banks

DECEMBER 13, 2018

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. Total return includes two components: capital appreciation and dividends. All of 2017 was $29 million.

Oregon 101

Oregon Ohio California Community Bank 101

Jeff For Banks

DECEMBER 7, 2019

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. Total return includes two components: capital appreciation and dividends. First Capital, Inc.

Indiana 78

Indiana Oregon South Dakota Community Bank 78

PYMNTS

FEBRUARY 28, 2017

In presentation materials to the investment community released by JPMorgan, the bank said that returns on common equity — a yardstick for eventual returns on costs incurred, from staffing to technology — will be 15 percent. percent, in line with prior projections with a net charge-off rate of about 300 to 325 basis points.

Community 100

Community Community Bank Cards Technology 100

PYMNTS

OCTOBER 1, 2018

63 percent of SMBs sought a loan for working capital needs last year , including payroll, inventory and supplies, according to new data from S&B Global Market Intelligence. Other increases in 2017 occurred by using a loan to pay down existing debt or to refinance, as well as to upgrade infrastructure. In the U.S.,

Lending 115

Lending Survey Data National 115

American Banker

DECEMBER 29, 2016

Green Bancorp's aggressive plan to attack its credit quality troubles and do what few Texas banks once would have dreamed of – quit energy lending – make it a subject of debate and a community bank to watch closely in 2017.

Texas 34

Texas Community Bank Community Lending 34

Jeff For Banks

DECEMBER 29, 2020

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. Short-term focus is a common trait of banks that focus on shareholder primacy over stakeholder primacy.

North Carolina 147

North Carolina Capital Community Bank Wisconsin 147

PYMNTS

JUNE 6, 2019

Bank branch closures have some analysts, and even the banks themselves, on high alert. bank branches in 2017, and some are concerned that, as the trend continues, small business (SMB) owners will not have access to the in-person services that a customer relationship manager (CRM) can provide. Researchers found a 2.2

Data 144

Data Meeting Regulation Management 144

Gonzobanker

DECEMBER 22, 2020

Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. And how did community banks and credit unions respond to the COVID craziness? Bad things about the banking industry. The Tiny Bank that Did It Award UBank of Texas.

Idaho 181

Idaho Community Industry Strategy 181

Gonzobanker

JUNE 18, 2018

According to National Mortgage News , in July 2017 Binh Dang, co-founder and former president of MeridianLink sister company LendingQB, sought a court-ordered dissolution of MeridianLink. CRIF’s ACTion product is its newest platform, currently being pitched to community banks and credit unions.

Lending 60

Lending Leadership Community Bank System 60

American Banker

DECEMBER 22, 2016

Still, CRE concerns could influence M&A and loan diversification in 2017. Regulators have warned about the dangers of high commercial real estate concentrations despite bankers' assertions that they are managing risk better than they did before the financial crisis.

Strategy 28

Strategy Regulation Management Community Bank 28

American Banker

DECEMBER 9, 2020

Bill Knott succeeded Terrie Spiro as leader of the Maryland bank, which raised capital in 2017 by going through a complicated bankruptcy process.

Baltimore 34

Baltimore Maryland Capital Community Bank 34

South State Correspondent

MAY 9, 2022

In our previous article ( HERE ), we reviewed the banking industry’s cost of funding earning assets (COF), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle. That 9% does not include specialty consumer banks or fintech companies.

Community Bank 195

Community Bank Community Industry Online 195

Abrigo

NOVEMBER 9, 2022

The 2022 CECL implementation survey is the fourth such analysis since 2017 by Abrigo, which has worked with hundreds of financial institutions on CECL implementation. For community banks specifically, they’re already reserving for a lifetime of credit losses,” he said. They’re just doing it through the wrong mechanism.

Survey 195

Survey Software Resources Meeting 195

Fintech Labs Insights

JULY 12, 2016

Wealth management platform Personal Capital is partnering with BancAlliance. This gives California-based Personal Capital access to BancAlliance’s network of 200 community banks. BancAlliance’s member banks, which range in size from $200 million to $10 billion AUM across 40 U.S. billion AUM.

Capital 12

Capital Management San Francisco Tools 12

Fintech Labs Insights

JULY 12, 2016

Wealth management platform Personal Capital is partnering with BancAlliance. This gives California-based Personal Capital access to BancAlliance’s network of 200 community banks. BancAlliance’s member banks, which range in size from $200 million to $10 billion AUM across 40 U.S. billion AUM.

Capital 12

Capital Management San Francisco Tools 12

American Banker

JANUARY 3, 2017

Shivan Govindan, chairman of First NBC Bank in New Orleans, has taken on the task of salvaging a bank that is reeling from accounting issues and a substantial capital requirement from regulators.

Industry 28

Industry Capital Regulation Community Bank 28

PYMNTS

SEPTEMBER 18, 2018

The World Economic Forum (WEF) has noted that half the world’s population is under 30, and a 2017 survey has found that the traditional financial services model – aka the banks – has no real place in the younger generations’ hearts. But look under the hood, and a few things are indeed different. Behind the Numbers .

Lending 148

Lending Innovation Fintech Cards 148

Celent Banking

APRIL 28, 2017

My favorite and I believe useful analogy for banking system engineering is that of automobile engineering, an industry that has a similarly colorful past and has been marked by fits and starts of innovation over the past 120 years. FIS’s core banking "brands" (Systematics, Horizon, IBS, Profile, etc.)

Innovation 150

Innovation Detroit Community Bank Strategy 150

Gonzobanker

DECEMBER 17, 2021

If that is not enough, the bank established MVB Edge Ventures and now has equity positions in Flexia Payments, Grand and Victor – all of which are embedding payments, banking, and risk management services in new ways. Since 2017, ROAE has grown from 7% to approximately 20% and ROAA has increased from.82% Has it worked?

Fintech 147

Fintech Strategy Leadership Lending 147

Celent Banking

APRIL 28, 2017

My favorite and I believe useful analogy for banking system engineering is that of automobile engineering, an industry that has a similarly colorful past and has been marked by fits and starts of innovation over the past 120 years. FIS’s core banking "brands" (Systematics, Horizon, IBS, Profile, etc.)

Innovation 134

Innovation Detroit Community Bank Strategy 134

Fintech Labs Insights

SEPTEMBER 9, 2021

Its first outside capital was from the Barclays Techstar accelerator in 2017 ( see Techstars demo here ). SMB digital banks. The banking partner is Middlesex Savings Bank , a Natick, MA-based community bank with $5.7B With 100,000 accounts , that’s an average spend of $2,000/mo. Debit card.

Boston 15

Boston Cards ATM Community Bank 15

Independent Banker

JULY 29, 2016

Around the Table—Wisconsin community bankers work with legislative staff members on Capitol Hill during ICBA’s Washington Policy Summit. Keeping community banking interests front and center. 812) and the Community Bank Access to Capital Act (H.R. By Courtney Schoenborn. 1233 and S. 1523 and S.

Community Bank 70

Community Bank Community Washington FDIC 70