CFPB Monitor

OCTOBER 25, 2022

As alleged in the Consent Order, Rhinebeck allowed auto dealers discretion to mark up borrower’s interest rates above the “Buy Rate” determined by the bank’s underwriting, which is the minimum rate at which the bank would agree to buy an installment contract originated by the dealer.

New York 78

New York Lending Community Bank Community 78

Independent Banker

JANUARY 31, 2022

Ken Finley, president of Johnson City Bank, in downtown Johnson City with Shannon Sultemeier, executive vice president (left); and Brenda Haynes, vice president/cashier (right). Here’s how four community banks are thriving in this environment. Photo by Dennis Burnett. By Mindy Charski.

Texas 182

Texas San Antonio Community Bank Community 182

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 months in the first half of 2017. ” Now, Powell is also raising concerns about how bank industry consolidation could negatively impact the small business community.

Marketing 108

Marketing Community Community Bank Industry 108

PYMNTS

JUNE 18, 2018

Thirty-four years have passed since SMB optimism was this high , according to the National Federation of Independent Business (NFIB). percent decline in shares at large banks , coinciding with a 7.8 percent increase in shares at mid-cap regional banks and a 12.1 Big banks’ loan portfolios increased by 3.1

Lending 112

Lending Community Bank Regional Community 112

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

PYMNTS

OCTOBER 1, 2018

Other increases in 2017 occurred by using a loan to pay down existing debt or to refinance, as well as to upgrade infrastructure. Seven percent of small business owners said they would use a credit card to finance a new business , according to the National Foundation for Credit Counseling’s 2018 Consumer Financial Literacy Survey.

Lending 115

Lending Survey Data National 115

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

American Banker

JANUARY 2, 2017

As you plan for the coming year — and beyond — here are some challenges and opportunities worth thinking about.

Community Bank 66

Community Bank Regional National Community 66

Jeff For Banks

DECEMBER 7, 2019

It is the Mountlake Terrace, Washington holding company for 1st Security Bank, a $1.7 billion in assets community bank with 22 branches that encircle the Seattle Sound. Their vision is simple: "Build a great place to work and bank." In 2017, they raised an additional $26 million to facilitate growth, at $47/share.

Indiana 78

Indiana Oregon South Dakota Community Bank 78

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? Jill is continually demonstrating just how loud a $300 million community bank can roar!

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

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. Community banks with larger percentages of DDA balances will fare better.

Community Bank 195

Community Bank Community Industry Online 195

Independent Banker

DECEMBER 13, 2015

armed forces or servicemembers on active National Guard or Reserve duty, their spouses and their card-carrying dependents. Your community bank should review how the rule’s requirements will affect its products and services to prepare for the rule’s Oct. The effective date of the final rule was Oct. 3, 2016, compliance date.

Lending 70

Lending Compliance Regulation Virginia 70

Jeff For Banks

AUGUST 12, 2018

for the year ending June, 2017, and +4.2% Housing has done well, despite median sales price growth which is less than national averages and lower inventories of properties for sale, which may be propping up prices. In 2Q18, Bucks County median prices rose year-over-year by 3.9%, compared to the national Case Shiller index at over 6.0%.

Marketing 60

Marketing Philadelphia Omaha US 60

American Banker

DECEMBER 12, 2016

The focus of banks' sales practices should be less about unit-based incentives, and more about developing a full relationship with customers and doing what's in their best interest.

Branch Strategies 28

Branch Strategies Community Bank Regional National 28

Gonzobanker

APRIL 10, 2017

Strategic planning conversations for 2017 and 2018 are focusing more intently on funding/deposit gathering and fee income. And, increasingly, mid-size and community banks are looking to take on the Big 5 banks in corporate banking, particularly in offering cash management services. ” — Alice Kahn.

Management 83

Management System Strategy Examples 83

PYMNTS

NOVEMBER 18, 2019

recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, according to data from the Federal Deposit Insurance Corp ( FDIC ). 1 when City National Bank of New Jersey closed its three branches with assets of about $120.6 As of June 30, Louisa Community Bank had approximately $29.7

Kentucky 140

Kentucky FDIC Ohio US 140

American Banker

DECEMBER 22, 2016

Lenders should be braced for some potential headaches as oil-related bankruptcies are expected to continue at a steady clip in 2017 and various market and political forces could influence oil supplies and prices.

Marketing 28

Marketing Community Bank Regional National 28

American Banker

DECEMBER 21, 2016

Here are the financial services executives or groups of them who took the heat and will be looking for better times in 2017. Scandal, business models gone awry, missing money and executive shake-ups — 2016 had it all.

Groups 28

Groups Cyber Security Community Bank Regional 28

Gonzobanker

DECEMBER 17, 2021

Bank Merger of the Year. Some interesting finalists would be: M&T and People’s United Old National and First Midwest Webster and Sterling Columbia Bank and Umpqua. Huntington and TCF merge to create the $170 billion Midwest dynamo and vault them into one of the top 10 banks in the country. The Bank That Gets Fintech.

Fintech 147

Fintech Strategy Leadership Lending 147

Jeff For Banks

DECEMBER 12, 2017

(Nasdaq: OSBC) Old Second is a single-bank holding company headquartered in Aurora, Illinois. The Bank, Old Second National Bank, lost a whopping $156 million in 2009 and 2010. Independent Bank Corporation (Nasdaq: IBCP) Independent Bank dates back to 1864 as the First National Bank of Iona.

Minnesota 60

Minnesota West Virginia Virginia Iowa 60

South State Correspondent

OCTOBER 25, 2023

However, volume has steadily declined as Venmo gained more traction by 2013, combined with real-time payments, Apple Pay, Google Wallet, and Zelle after 2017. Checks will become too costly for the household, business, and bank to process. Over the last ten years, from 2012 to 2022, checks by volume have declined some 57%.

Fraud 195

Fraud ATM Payments Management 195

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

PYMNTS

NOVEMBER 18, 2019

recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, per Federal Deposit Insurance Corp (FDIC) data. 1 when City National Bank of New Jersey closed its three branches. Resolute Bank closed on October 25 and Louisa Community Bank also shuttered on that day.

System 100

System New Jersey Payments Apple 100

Jeff For Banks

APRIL 14, 2022

A Primer on Money, Banking, and Gold 2008 Cordelia Frances Biddle Biddle, Cordelia Frances Biddle, Jackson, and a Nation in Turmoil: The Infamous Bank War 2021 Alan S. History of the Eighties: An Examination of the Banking Crises of the 1980s and Early 1990s (Volumes 1 & 2) 1997 Federal Deposit Insurance Corp.

America 78

America National Denver United States 78

William Mills

MARCH 30, 2017

This year’s Retail Banking conference took place at the Trump National Doral in Miami March 22-24. The first day was dedicated to credit unions with sessions about Best Practices for Credit Unions, Omni-Channel Banking – Is the Branch Dead or Is it the Future and How to Best use Branding.

Retail 40

Retail Conference Miami Strategy 40

PYMNTS

JULY 31, 2018

Loosening federal regulations, enacting national data breach protections and drafting “model laws” at the state level to reduce overlapping red tape, could help promote FinTech in the United States, according to report released Tuesday (July 31) by the U.S. Treasury Department. The report arrives at a time of growing optimism for U.S.

Fintech 194

Fintech Security US United States 194

Gonzobanker

DECEMBER 20, 2018

GonzoBanker of the Year – Large Banks. Although all banks faced stock headwinds in 2018, we give the nod to William Demchak at PNC Financial Services. PNC made a Gonzo move with a national digital expansion in 2018 with the unique idea of building a small number of branches in target metro markets like Kansas City and Dallas.

Fintech 105

Fintech Conference Innovation Community 105

Jeff For Banks

APRIL 22, 2018

to +2.7%, closer to where it had been in 2017. for all of 2017. In March, 2018, the Fed revised their GDP forecast for all of 2018 to +2.7%, which is hardly worth writing home about compared to growth in 2017, but is still at a level that I consider to be sustained. Who even knew they were there? Fourth quarter GDP was +2.9%

Marketing 60

Marketing Philadelphia social media Taxes 60

Gonzobanker

DECEMBER 19, 2016

So it’s time to light a fire, grab a big tumbler of Scotch and rest up for a busy 2017 as you experience one of the holiday’s greatest traditions: the annual GonzoBanker Awards. THE BANKING AWARDS. Mergerama Region of the Year – The Midwest: Huntington-First Merit, Chemical-Talmer, Old National-Anchor … the list goes on.

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

So it’s time to light a fire, grab a big tumbler of Scotch and rest up for a busy 2017 as you experience one of the holiday’s greatest traditions: the annual GonzoBanker Awards. THE BANKING AWARDS. Mergerama Region of the Year – The Midwest: Huntington-First Merit, Chemical-Talmer, Old National-Anchor … the list goes on.

Utah 60

Utah System Community Marketing 60

PYMNTS

DECEMBER 23, 2019

Financial institutions have been abandoning American smaller towns in striking numbers over the past decade, presenting a significant economic challenge in the communities they serve, according to a report from Bloomberg. More than 1,500 bank branches shuttered between 2012 and 2017, according to a recent Federal Reserve report.

South Carolina 131

South Carolina Report US Georgia 131

Lex Sokolin

DECEMBER 23, 2020

The second constituency that is aided by such a bill is the long-tail of small community banks and credit unions that are stuck in the past with branches, human employees, and old core banking software. Jack Henry and Fiserv each have over 2,000 such bank clients. That means that if you are making enough money?—?likely

Regulation 52

Regulation US System Operations 52

Lex Sokolin

DECEMBER 23, 2020

The second constituency that is aided by such a bill is the long-tail of small community banks and credit unions that are stuck in the past with branches, human employees, and old core banking software. Jack Henry and Fiserv each have over 2,000 such bank clients. That means that if you are making enough money?—?likely

Regulation 52

Regulation US System Operations 52

Abrigo

JULY 23, 2021

It is a concept that we have all heard of, however, the concept remains somewhat of a mystery in the community bank world. After testing three ICBMs in 2017 they claimed the capability to reach the continental United States with a nuclear warhead. In early 2019 Syria used chlorine gas against its own nationals.

National 195

National Training United States Regulation 195

CFPB Monitor

MARCH 20, 2017

The hearing will undoubtedly cover the same constitutional issues that are being briefed and will be argued on May 24, 2017 by the parties and their amici before the en banc D.C. In his testimony, he mentioned that he and his then law firm colleagues were co-counsel to a small community bank in State National Bank of Big Spring v.

Virginia 74

Virginia Community Bank America Policies 74