Remove 2018 Remove Community Bank Remove FDIC Remove National
article thumbnail

New Community Bank Sentiment Index Shows Bankers Largely Positive

Abrigo

Community bankers are largely positive about the future, based on the first results of a new index gauging business sentiment among the financial professionals who serve a critical role in local economies. The survey for the inaugural index included 512 FDIC banks responding from early in the second quarter through July 5.

article thumbnail

FDIC Chair’s recent interview gives insight into FDIC’s agenda

CFPB Monitor

McWilliams stated that the FDIC’s top priorities included: (1) reducing regulatory burden on community banks; (2) increasing the speed with which the FDIC reviews charter and deposit insurance applications; and (3) assisting banks to introduce new financial products that serve underserved communities.

FDIC 68
Insiders

Sign Up for our Newsletter

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

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. Name: Locality Bank. Keith Costello, Locality Bank. “We

Florida 91
article thumbnail

Fed Chairman Concerned Over Shrinking Bank Market

PYMNTS

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 2018, from 5.6 ” Now, Powell is also raising concerns about how bank industry consolidation could negatively impact the small business community.

Marketing 108
article thumbnail

Fintech Deals Are Still Happening – and It’s a Good Thing

Gonzobanker

Here are a few of the recent deals (in no order) that caught my attention: MVB Financial/Paladin: MVB, a mid-size bank with a stated focus on serving fintechs, acquired Paladin, a specialty fraud prevention company with a suite for merchants, credit agencies, fintechs and vendors. SoFi/Galileo: This $1.2 The transaction has not yet closed.

Fintech 109
article thumbnail

The Mother List of All Banking Books

Jeff For Banks

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. Guardians of Prosperity: Why America Needs Big Banks 2013 John F. The Courage to Act: A Memoir of a Crisis and Its Aftermath 2015 Peter L.

America 78
article thumbnail

The Future of Noninterest Income at Financial Institutions

Abrigo

Takeaway 3 Community banks have seen less volatility in noninterest income, and many are still eyeing growth across the category. Since the financial crisis, noninterest income has transitioned from an important portion of a bank’s revenue to a much smaller piece of the revenue stream. Community banks target growth.