Independent Banker

DECEMBER 31, 2018

. “We look forward to serving you and your community bank in the year ahead.”. Happy New Year, community bankers! And if you haven’t done so already, I encourage you to also come up with a community banking resolution—one that helps you flourish as a professional. Where I’ll be this month. now is the time. now is the time.

Community Bank 70

Community Bank Community Nashville Fintech 70

South State Correspondent

JUNE 9, 2022

Many community banks are searching for ways to increase fee income, and many bank CEOs have concluded that fee income is a significant driver of revenue and profitability. We argue that larger banks do not have an inherent advantage over community banks in generating fee income because of their scale.

Community Bank 195

Community Bank Community Comparison Fintech 195

Abrigo

NOVEMBER 29, 2021

Takeaway 3 Community banks have seen less volatility in noninterest income, and many are still eyeing growth across the category. Once accounting for 46 percent of bank revenue (2003), more recently, noninterest income averages closer to 34 percent (2018). Community banks target growth. Types of Noninterest Income.

Community Bank 195

Community Bank Community FDIC Trends 195

PYMNTS

FEBRUARY 13, 2019

According to The Wall Street Journal ( WSJ ), the Federal Reserve revealed that the average merger review time — with opposition from community groups — fell to 3.8 months in the first half of 2018 from 5.6 months in 2018 from 2.6 Another issue is that community input doesn’t seem to carry much weight anymore.

Community 148

Community Groups Policies Regulation 148

CFPB Monitor

OCTOBER 26, 2021

Attorneys’ Offices “as force multipliers to ensure that fair lending enforcement is informed by local expertise on housing markets and the credit needs of local communities of color.”. Trustmark National Bank Settlement. Trustmark is a national bank headquartered in Jackson, Mississippi with 196 branches in five southern states.

Mississippi 78

Mississippi Memphis National Tennessee 78

South State Correspondent

MARCH 5, 2022

Community banks face intense competition for profitable borrowers and relationships. This is so unusual, the Fed saw fit to write a position paper on what negative swap spreads mean for banking back in 2018 ( HERE ). The graph below shows the ten-year swap spread over the last 30 years. Conclusion.

Community Bank 195

Community Bank Lending Community Regional 195

PYMNTS

APRIL 3, 2020

Launched in 2018, Euro’s instant payments were created to also be able to settle other currencies, the agency said. ECB President Christine Lagarde said cooperation of the central bank community in Europe “works effectively.”.

Payments 187

Payments National Policies Community 187

PYMNTS

FEBRUARY 19, 2019

months in the first half of 2018, from 5.6 The average merger review time at the Office of the Comptroller of the Currency (OCC) declined between 2016 and 2018, too, reports in The Wall Street Journal said. He pointed to the Community Reinvestment Act, which encourages banks to loan to small businesses.

Marketing 108

Marketing Community Community Bank Industry 108

Abrigo

APRIL 18, 2022

The industry's most significant market increase was between 2016 and 2018. It experienced a downward correction from 2018 to 2019, sometimes referred to as the "crypto winter." National objectives in cryptocurrency policy. derives significant economic and national security benefits from the central role that the U.

cryptocurrency 195

cryptocurrency Fraud United States Leadership 195

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

PYMNTS

MAY 30, 2017

Starbucks announced that it will open stores in Dallas, Texas and Trenton, New Jersey as part of its program to invest in at least 15 underserved communities across the nation by 2018. According to Chain Store Age , the store in Dallas will open in spring 2018, while the one in Trenton will open later this year.

Dallas 124

Dallas Baltimore Missouri New Jersey 124

PYMNTS

DECEMBER 5, 2019

It is said to be one of the quickest-growing blockchain clusters in the nation. The area is based in an internet industrial park called the Hainan Resort Software Community (RSC). It was rolled out in October 2018 by the provincial department of industry and information technology. .

blockchain 132

blockchain Industry Bitcoin Community 132

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. Or visit our website.

Community 67

Community Community Bank Policies Leadership 67

PYMNTS

JULY 17, 2019

On its support page, Google listed the new banks it added this month: Educational Community Alliance Credit Union . MidAmerica National Bank. Park Community Credit Union. Champlain National Bank. Sun Community Federal Credit Union. Exchange Bank. First Bank Hampton. Incommons Bank. Legends Bank. Priority Bank.

Google 109

Google Kansas City Alabama Kansas 109

Abrigo

JULY 1, 2021

By Vanessa Russell, Founder and Executive Director of Love Never Fails According to the National Human Trafficking Hotline , working in the financial industry provides you the opportunity to report suspicious behavior involving 92% of the various types of human trafficking. Let’s keep it going! Leverage this SAR Writing Checklist.

Training 370

Training Conference Community Video 370

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

PYMNTS

APRIL 29, 2019

“Most of the decline [in optimism] was concentrated in assessments of current conditions in the national economy, but future economic prospects remain at the same level as last quarter,” explained University of Michigan Institute for Social Research’s Associate Professor Dr. .” Beyond the U.S., Beyond the U.S. ,

Lending 168

Lending Michigan Community National 168

PYMNTS

MARCH 12, 2020

The report, which was commissioned by the Government Accountability Office (GAO), found that in 2018, USPS’ retail facilities generated about $10.5 Those facilities accounted for about 15 percent of total fiscal year 2018 revenues and about 7 percent of its total costs. billion in 2018, which was down from €5.6

Retail 169

Retail US Survey Examples 169

PYMNTS

JANUARY 5, 2018

4 posting that detailed his plans to spend 2018 working to address long-standing problems – including widespread misinformation and hate speech– that have plagued Facebook for the past two years. His strategies were geared toward building online communities that are inclusive, informed, civically engaged, safe and supportive.

cryptocurrency 149

cryptocurrency social media Community Strategy 149

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. from 2016 until its sale in 2018. By Katie Kuehner-Hebert. Name: Locality Bank.

Florida 91

Florida Community Bank Community FDIC 91

PYMNTS

DECEMBER 5, 2018

India saw a busy year in B2B FinTech as the small business (SMB) community continued to demand enhanced financial services. The nation continues to push against cash in favor of digital payments, while both the government and private sector continue to fuel FinTech innovation.

Innovation 171

Innovation Survey Operations Community 171

PYMNTS

JANUARY 10, 2020

“These market closures have an effect not just on riders, but on our whole Lime community. He added that the company is “hopeful we can reintroduce Lime back into these communities when the time is right.”. A $335 million funding round in 2018 resulted in a $1.1 billion valuation, making it a unicorn.

San Antonio 132

San Antonio San Diego Marketing Phoenix 132

PYMNTS

JULY 6, 2020

We are always delighted to be able to use our technology to remove finance costs from a supply chain but never more so than when we can support small businesses that play such a key role in supporting our nation’s health.” As of July 2018, Greensill has worked with more than 1,000 pharmacies, making over 1.2

Payments 150

Payments Analytics America Fintech 150

PYMNTS

NOVEMBER 26, 2019

They asked whether the technology could be accessed by foreign entities and whether the technology posed a risk to national security. Ring is a subsidiary of Amazon, which bought the company in February 2018. The company told CNBC it’s reviewing the letter, but in a blog post it described how it works with authorities.

Delaware 140

Delaware Oregon Maryland Video 140

Abrigo

NOVEMBER 21, 2019

The US is at a disadvantage without a national beneficial ownership registry. . Customer due diligence (CDD) and enhanced due diligence (EDD) have become common phrases in the anti-money laundering community. This was long before the United States passed legislation in 2018 to unveil the secrecy of legal entity ownership.

United States 195

United States Regulation National Taxes 195

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

PYMNTS

NOVEMBER 26, 2019

They asked whether the technology could be accessed by foreign entities and whether the technology posed a risk to national security. Ring is a subsidiary of Amazon, which bought the company in February 2018. The company told CNBC it’s reviewing the letter, but in a blog post it described how it works with authorities.

Delaware 130

Delaware Oregon Maryland Video 130

Abrigo

FEBRUARY 27, 2020

The Financial Crimes Enforcement Network (FinCEN), along with the Federal Banking Agencies, released a joint statement in December 2018 emphasizing financial institutions’ need to embrace technology to strengthen their BSA/AML programs. Our Transparent AI is easy to explain to regulators. .

Innovation 195

Innovation Software United States Compliance 195

PYMNTS

APRIL 2, 2019

The vacancy rate of community shopping centers in the U.S. percent in the first quarter — up from a year earlier but unchanged from the fourth quarter of 2018. For community shopping centers, the net absorption, which is the available space sold during the quarter, declined 7.4 reached 10.2

Metro 125

Metro Regional Retail Community 125

FICO

JULY 15, 2021

But thanks to nonprofit organizations like Operation HOPE — which collaborates with financial institutions, corporations, municipal agencies, and community organizations to help low- and mid-income Americans achieve financial independence — credit education is available more widely than ever before. Unfortunately, the U.S.

Operations 98

Operations National Community Analytics 98

PYMNTS

FEBRUARY 7, 2019

tax reform led to much chatter and some confusion about exactly how changes would impact the nation’s small businesses (SMBs). Department of Treasury finalized rules that apply to SMBs on qualifying for a 20 percent tax deduction, with the National Federation of Independent Business (NFIB) applauding the initiative. percent rate.

Taxes 122

Taxes Lending National New York 122

PYMNTS

JULY 17, 2018

A new survey from the National Association for Business Economists suggests economists are optimistic about U.S. All of the survey respondents expect national GDP to grow in the coming year. wages and employment, though not yet because of tax reform. are not increasing their spending as a result of tax reform.

Taxes 100

Taxes Survey National Training 100

PYMNTS

MARCH 3, 2019

Last year, Canada became the second nation in the world, after Uruguay, to legalize recreational cannabis use after Prime Minister Justin Trudeau said prohibition wasn’t working and instead provided illegal money to gangs, while allowing for unchecked use by the country’s youth. But cannabis ETFs have seen their share of ups and downs.

Community 152

Community National Examples Management 152

PYMNTS

DECEMBER 4, 2018

The year 2018 was a record year for small business (SMB) optimism in the U.S., The Bank of America Business Advantage “ Fall 2018 Small Business Owner Report ” found continued positivity among the nation’s small businesses, and in their outlook for the months ahead.

America 125

America social media National Policies 125

CFPB Monitor

NOVEMBER 20, 2018

With the November 30, 2018 expiration date for the National Flood Insurance Program (Program) looming, industry trade groups sent a letter to Congressional leaders urging Congress to extend the Program. This has already resulted in a series of seven stop-gap extensions and two brief lapses in 2017 and 2018.

Groups 60

Groups United States Maine Policies 60

PYMNTS

DECEMBER 16, 2019

government affairs and public policy, said in a letter to the Fed that Google “worked closely” with the National Payments Corporation of India (NPCI) to build Google Pay for the Indian market. Monthly users of Google Pay hit 67 million in September, an increase of 45 million over September 2018. Mark Isakowitz, Google’s head of U.S.

Google 144

Google System Payments Study 144

PYMNTS

OCTOBER 8, 2019

According to the Bureau of Labor statistics , as of 2018 (the last full year for which data is available), there were 28.2 Trust is also an issue, particularly for consumers coming from nations where banking services are far less reliable and trusted than in the U.S.,” million foreign-born persons in the U.S. headquarters.

Community 126

Community United States Meeting Houston 126