Banking Exchange

APRIL 13, 2020

Bank granted ‘temporary and narrow’ relief from 2018 balance sheet restrictions to aid small business loan program Compliance Customers Compliance Management Compliance/Regulatory Feature3 Feature Community Banking.

Compliance 78

Compliance Community Bank Community Management 78

PYMNTS

MARCH 26, 2018

Wells Fargo, weeks after it was hit with a rare enforcement action from the Federal Reserve, is overhauling its risk management processes and announced internally that four top risk management executives would be retiring. Three board members are on track to be replaced by April and a fourth by the end of 2018.

Risk Management 100

Risk Management Management Compliance Groups 100

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

OCTOBER 22, 2019

This developing world of payments and the fierce competition offered by non-traditional providers of financial services presents big challenges to smaller and community banks – those financial institutions (FIs) with less than $10 billion in assets. Those operations manage and own 50 percent of [U.S. Deposit Trends.

Community Bank 116

Community Bank Community Operations Leadership 116

Independent Banker

FEBRUARY 28, 2022

What this has to do with community bank investment management may not be readily apparent. Belly of the curve matters to community banks. First, the average duration of a community bank bond portfolio is more than four years right now. In fact, the tone is about to improve. Education on Tap.

Community Bank 91

Community Bank Community Memphis Security 91

Abrigo

FEBRUARY 25, 2022

However, many traditional community lenders will face real challenges meeting their lending goals for more business loans and higher yield, given expected interest rate hikes, higher non-interest expenses, and increasing competition for borrowers. It is the backbone of what many community financial institutions do, and they do it well.

Lending 195

Lending St. Louis Community Survey 195

ABA Community Banking

JANUARY 21, 2019

The company made two major acquisitions in 2018: MainStreet Technologies (MST) and Sageworks Feature Financial Trends Retail Banking Technology Branch Technology/ATMs Tech Management Community Banking Feature3 Fintech.

ATM 40

ATM Community Bank Community Trends 40

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

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. By Katie Kuehner-Hebert. Data privacy and security is a hot topic and is only getting hotter. Bob Hickok.

Data 91

Data How To Community Bank California 91

Independent Banker

FEBRUARY 28, 2023

By Roshan McArthur For Valley Bank in Wayne, N.J., The near century-old, $57 billion-asset community bank believes deeply in financial empowerment, not just for its customers but for the most vulnerable community members, too. Valley Bank’s relationship with Walter Hoving Home began in 2018.

Austin 91

Austin Las Vegas Community Management 91

Jeff For Banks

DECEMBER 13, 2018

is the parent company of Willamette Valley Bank, a community bank headquartered in Salem, Oregon. The Bank operates five full service offices. Thanks to good old growth and balance sheet management which saw their net interest margin expand from 3.49% in 2015 to 3.80% today. Welcome to the list! #2. Great job! #4.

Oregon 101

Oregon Ohio California Community Bank 101

Independent Banker

FEBRUARY 24, 2015

During my 20-plus years of dealing with community bankers, either as an investment strategist, sales rep or business-development manager, I have come to understand that certain buzz words fall on deaf ears. As a consequence, supply-siders, like your bank’s brokers, tend to avoid using them during a sales pitch. Total Return.

Management 70

Management Community Bank Community Comparison 70

Gonzobanker

NOVEMBER 28, 2017

In our travels, certain payments-related messages have surfaced over and over, and as we enter 2018, bankers need to pay attention to these five themes: 1 – Debit: In 2018, market forces will take 3% of banks’ current interchange income. Banks can sit and watch, or they can try to offset it.

Payments 80

Payments Fraud Cards Strategy 80

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.” billion to small businesses in 2018, up nearly 36% over 2017 and double that of 2016. Source: DeBanked ).

Lending 126

Lending Community Bank Community Data 126

PYMNTS

DECEMBER 9, 2019

AvidXchange processed more than $120 billion of invoices and payments across its network of more than 500,000 suppliers in 2018, transforming the way 5,500 customers in North America pay their bills, according to its website. Nashville community bank Studio Bank was the first FI to adopt the AvidPay solution.

North Carolina 130

North Carolina Nashville Charlotte Boston 130

ABA Community Banking

FEBRUARY 7, 2018

Will under $200 million banks disappear? Management CSuite Community Banking M&A.

Community Bank 40

Community Bank Community Management 40

ABA Community Banking

OCTOBER 25, 2018

Wells Fargo, Chase, Bank of America and PNC received 6 million visits per month in the third quarter of 2018 Bank Performance Human Resources Feature Management Performance Customers Community Banking Feature3 Branch Technology/ATMs.

ATM 49

ATM Community Bank Resources America 49

PYMNTS

JANUARY 23, 2020

People facing charges include former community bank manager Carrie Tolstedt, former chief administrative officer Hope Hardison and former chief auditor David Julian, the sources told Bloomberg. In addition, the regulator was instrumental in firing Hardison and Julian in 2018. Sloan’s retirement quickly followed.

Regulation 131

Regulation Community Bank Community Security 131

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. They find niches.

Management 74

Management System Strategy Examples 74

PYMNTS

FEBRUARY 4, 2019

Twenty-five of them were operational worldwide in 2017, and that number had swelled to 40 by September 2018, with 16 more expected to debut by 2020. billion in 2018 to $26.9 billion in 2018 to $26.9 That share rose to 62 percent in 2018, according to the Mercator Advisory Group’s “U.S. billion by 2023 — a CAGR of 30.9

Payments 183

Payments System Cards Policies 183

PYMNTS

JULY 24, 2019

By the end of 2018, the RTP network reached a little more than half of U.S. But this has been the domain of larger financial institutions, especially when community banks and credit unions are included. FIs do see the benefits, according to a survey by Citizens Commercial Banking. This is shifting, though.

Payments 167

Payments Survey Community Bank Fraud 167

PYMNTS

JULY 16, 2019

Ondot said its 4,000 banks and credit unions will see faster and easier upgrades while also gaining access to the latest innovations and functionality. This option allows mid-sized and smaller issuers to more quickly and easily launch these services and compete with large national banks on digital customer experience.”.

Innovation 128

Innovation Compliance User Experience Cards 128

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.

Community 139

Community Community Bank social media Security 139

Jeff For Banks

DECEMBER 16, 2022

Communities First Financial Corporation (OTCQX: CFST) Communities First Financial Corporation is the bank holding company for Fresno First Bank , which opened in December 2005 dedicated to meeting the banking needs of businesses, professionals, and successful individuals in Central California. Triumph Bancorp, Inc.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

Independent Banker

AUGUST 25, 2016

The result will be more Bank Secrecy Act/anti-money laundering information collection and recordkeeping for community banks, says Lilly Thomas, ICBA vice president and senior regulatory counsel. The person could be a CEO, chairman, managing partner or anyone who regularly performs similar functions. May 11, 2018.

Compliance 70

Compliance Community Bank Training Virginia 70

PYMNTS

JANUARY 15, 2019

In what is becoming what seems to be a familiar theme as banks report earnings, trading revenues plummeted at the end of last year, but other drivers remained intact. 15), earnings for the fourth quarter of 2018 came in at $1.98 The earnings miss is the first one for the banking giant in almost four years.

Mobile 139

Mobile Lending Cards Community Bank 139

PYMNTS

APRIL 30, 2018

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. National Small Business Week is this week in the U.S.,

Taxes 144

Taxes America National Community 144

Gonzobanker

MAY 4, 2020

I like this bank-acquiring-fintech deal (similar to City National Bank’s August acquisition of FilmTrack and 2018 acquisition of Exactuals). While the deal is likely financially immaterial to FIS, the impact of Zenmonics on FIS bank core clients committed to Digital One is significant. SoFi/Galileo: This $1.2

Fintech 109

Fintech FDIC Capital Community Bank 109

PYMNTS

JANUARY 14, 2020

In terms of headline numbers, the banking giant reported earnings per share of $2.57, up 21 percent year on year and well above the $2.35 The top line, known as managed revenue, came in at $29.2 But drilling down a bit, to get a sense of the state of the consumer, retail banking saw fourth-quarter profit rise by about 5 percent to $4.2

Cards 131

Cards Data Training Community Bank 131

PYMNTS

JANUARY 14, 2020

In terms of headline numbers, the banking giant reported earnings per share of $2.57, up 21 percent year on year and well above the $2.35 The top line, known as managed revenue, came in at $29.2 But drilling down a bit, to get a sense of the state of the consumer, retail banking saw fourth-quarter profit rise by about 5 percent to $4.2

Cards 130

Cards Data Training Community Bank 130

CFPB Monitor

OCTOBER 9, 2018

Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”)—released on October 3, 2018 an Interagency Statement on Sharing Bank Secrecy Act Resources (“Statement”). Such resource sharing contemplates reducing costs and increasing efficiencies in the ways banks manage their BSA and AML obligations.

Resources 68

Resources Compliance Community Bank Community 68

ForwardBanker

DECEMBER 20, 2018

Neo-banks are creating industry disruption, but how worried should community banks and credit unions be? Thus far in 2018, American neo-banks have received four times as much funding as they did last year, the New. The post New Wave: Is the Explosion of Neo-Banks Really a Threat?

Community Bank 39

Community Bank Community US Industry 39

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. Everything. Bravo Brett and team!

Idaho 172

Idaho Community Industry Strategy 172

Jeff For Banks

MARCH 31, 2018

So worries New Jersey Banker's Association CEO John McWeeney since state-owned bank advocate Phil Murphy was elected governor. The state's municipal deposits approximate $20 billion , $13 billion of which are in community banks. These rates were at March 29, 2018. When they bought Strong Asset Management.

FDIC 60

FDIC New Jersey Pennsylvania Community Bank 60

Jeff For Banks

NOVEMBER 9, 2018

March 2017 - Failed the OCC's community lending test causing "significant harm to customers." February 2018 - Regulators limit WF growth due to "widespread consumer abuses and compliance breakdowns." April 2018 - Agrees to $1 billion in settlements for auto loan and mortgage abuses. Some of whom were deployed overseas.

New Jersey 60

New Jersey Compliance Community Meeting 60

Independent Banker

JULY 28, 2016

Establishing a comprehensive Compliance Management System. The demands of managing regulatory compliance are uncontested, and depending on the disposition of the participants inside and outside of the bank, compliance management exists with varying degrees of problems and adversity. By Mary Thorson Wright.

Compliance 70

Compliance Training Community Bank Regulation 70

Gonzobanker

JANUARY 25, 2019

Whether you are a community bank or a fintech provider, that makes sense. So many of Fiserv’s core clients are commercial community banks, and those banks (as well as credit unions getting into business services) need increasingly more help with business payments. Diversification versus Concentration.

Data 117

Data Fintech Community Bank UX 117