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

CFPB Monitor

OCTOBER 25, 2022

Following up on a threat it made back in 2018 , the New York State Department of Financial Services (DFS) announced on October 6, 2022 that it entered into a consent order with Rhinebeck Bank (“Rhinebeck”) to settle discrimination claims involving discretionary dealer markups on retail installment contracts with minority borrowers.

New York 78

New York Lending Community Bank Community 78

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

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 2018, from 5.6 ” 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

Abrigo

FEBRUARY 25, 2022

The traditional relationship lending approach for business loans – personal attention and local connections – offered by community banks and credit unions provides a competitive advantage in winning small business loans. It is the backbone of what many community financial institutions do, and they do it well.

Lending 195

Lending St. Louis Community Survey 195

PYMNTS

JUNE 18, 2018

Thirty-four years have passed since SMB optimism was this high , according to the National Federation of Independent Business (NFIB). Its latest index for May 2018 found that small business optimism was the highest it’s been since July 1983, and the second-highest in 45 years. Big banks’ loan portfolios increased by 3.1

Lending 112

Lending Community Bank Regional Community 112

Independent Banker

SEPTEMBER 30, 2021

In this feature, we’ll look at a number of ways you can continue to build trust—an especially crucial task as the pandemic continues, telecommuting persists and consumer banking practices evolve. But for most community banks, building a trustworthy brand isn’t a conscious effort. billion-asset community bank.

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Community Community Bank social media Security 139

PYMNTS

JULY 16, 2019

“One of the challenges regional and community banks and credit unions face is the complexity of physical data integration in their data centers,” said Prasanna Narayan, head of product at Ondot. Digital services are increasingly driving customers’ preferences, giving large banks a continued market gain over the last decade.

Innovation 128

Innovation Compliance User Experience Cards 128

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Shielding sensitive customer information from prying eyes remains a chronic industry challenge. Bob Hickok.

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Data How To Community Bank California 91

PYMNTS

APRIL 30, 2018

National Small Business Week is this week in the U.S., and finance experts are celebrating with new data on the state of the entrepreneurial community. But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too.

Taxes 144

Taxes America National Community 144

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. The North Korean government has been also found to have used chemical weapons against its own nationals. from the treaty and re-instated comprehensive sanctions in 2018. Since the U.S.

National 195

National Training United States Regulation 195

Gonzobanker

MAY 4, 2020

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.

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Fintech FDIC Capital Community Bank 109

PYMNTS

OCTOBER 1, 2018

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. News reports last week.

Lending 115

Lending Survey Data National 115

Jeff For Banks

OCTOBER 9, 2018

The top quartile, with 56.78% transaction accounts to total deposits traded at 208% price to tangible book at market close on October 4, 2018. So I would say: yes, community bank investors reward banks funded with a higher proportion of checking accounts with greater trading multiples. The line is linear.

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Kansas City Kansas Community Bank US 73

FICO

NOVEMBER 29, 2018

Small business credit access grew in 2018 and with modifications to the Small Business Administration (SBA) rules for more streamlined processing, access is predicted to grow. Small business lending was strong in 2018 and pro small business growth policies have been conducive to that growth.

Community 67

Community Community Bank Policies Leadership 67

Jeff For Banks

AUGUST 12, 2018

Economy and Momentum At the end of June, 2018, the current economic expansion turned nine years old. The second quarter of 2018 saw growth of 4.1% (the highest quarterly growth since 2014) and the third quarter may be close. Growth for the entire year of 2018 is expected at 2.8% for the year ending June, 2018.

Marketing 60

Marketing Philadelphia Omaha US 60

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. al The Deutsche Bank, 1870-1995 1995 Shennette Garrett-Scott Garrett-Scott, Shennette Banking on Freedom: Black Women in U.S. al Gall, Lothar et.

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America National Denver United States 78

Jeff For Banks

APRIL 22, 2018

Now, if Mother Nature would cooperate… Volatility The markets have been incredibly volatile in the first quarter of 2018. Welcome to 2018! During March, 2018, Powell and the Fed increased rates by.25% Businesses should do well as they bask in the lower corporate tax rate, which fell from 35% to 21% at the beginning of 2018.

Marketing 60

Marketing Philadelphia social media Taxes 60

CFPB Monitor

OCTOBER 9, 2018

regulatory agencies—the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the U.S.

Resources 68

Resources Compliance Community Bank Community 68

Jeff For Banks

NOVEMBER 16, 2020

Moody’s estimates that there is $70 billion in back rent across the nation. By the way, our economy has done better than all other nations; for example, Europe is 4.3% The national unemployment rate peaked at 14.7% The housing market is robust across the nation. Think for a minute about how huge that number is.

Marketing 78

Marketing National New York City Taxes 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

Abrigo

JUNE 16, 2016

He added, “While we continue to have strong concerns with the costs related to CECL’s life of loan loss concept, we are committed to working with both regulators and auditors to ensure banks of all sizes can meet the implementation challenges of the new standard.” 15, 2018. 15, 2020, and for interim periods a year later.

Resources 150

Resources Exercises Lending Community 150

CFPB Monitor

AUGUST 13, 2018

In May 2018, the OCC issued a bulletin setting forth core lending principles and policies and practices for short-term, small-dollar installment lending by national banks, federal savings banks, and federal branches and agencies of foreign banks and encouraging banks to engage in such lending.).

FDIC 68

FDIC Community Lending Guidelines 68

Abrigo

DECEMBER 16, 2019

Ours, who is Senior Vice President and Director of Credit Administration of Summit and its 32-location bank subsidiary, Summit Community Bank Inc., We started early in 2018, and we’re 24 months into the process, but I can’t stress enough that I still wish we had more time,” she said.

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West Virginia Virginia Data Community 195

Jeff For Banks

DECEMBER 7, 2019

As a point of reference, the SNL US Bank & Thrift index total five year return was 65%. Before we begin and for comparison purposes, here are last year's top five , as measured in December 2018: #1. It is the Mountlake Terrace, Washington holding company for 1st Security Bank, a $1.7 Carolina Financial Corp. They are a $6.2

Indiana 78

Indiana Oregon South Dakota Community Bank 78

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

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.

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Retail Conference Miami Strategy 40

Gonzobanker

DECEMBER 19, 2017

THE BANKING AWARDS. Rainbolt has quietly built a community bank in the past 20 years that is closing in on $2 billion of market cap. GonzoBanker of the Year – Large Banks. Credit Union Merger of the Year – Goes to Lake Michigan Credit Union and its CEO Sandy Jelinski for acquiring Florida-based community bank Encore.

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Conference Industry Community Bank Community 101

Jeff For Banks

MARCH 3, 2010

Clearly, commercial banks’ exposure to real estate contributed to the rising number of bank failures. Commercial banks were the connoisseurs of commercial finance dating back to the National Banking Act of 1864. That Act did not permit national banks to lend on real estate.

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Lending Capital Community National 60

American Banker

NOVEMBER 17, 2016

Banks already have a difficult time collecting data on mortgage lending to minorities. New data requirements scheduled to take effect in early 2018 could lead to even more mistakes — and financial penalties — not to mention higher compliance costs and longer delays in closing loans.

Data 28

Data Compliance Lending Community Bank 28