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Use Our ERC Assist Program to Raise Deposits

South State Correspondent

The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. ERC gave eligible businesses a refundable tax credit of up to 50% of $10,000 for qualified wages paid per employee. In 2020, the U.S.

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Community banks are thriving in Texas

Independent Banker

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. billion to the state’s GDP in 2019, according to state records.

Texas 182
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Top CECL Questions Answered

Abrigo

Strategies to lessen the impact of CECL on smaller community banks. Hal Schroeder, a Financial Accounting Standards Board (FASB) board member, led a presentation, “Roadmap to the Future: Fact vs. Fiction (on CECL and Other FASB Standards),” at the 2019 ThinkBIG conference in September. Now that's big. Learn More.

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How to Increase Member Business Lending

Abrigo

Small Business Loans | 5 minute read Key Takeaways Credit unions' small business loans hit a record low, while small business lending continues to remain strong at big banks and community banks. in September 2019 – a record low, according to the Biz2Credit Small Business Lending Index.

Lending 150
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Mr. Bank Investor, I Have Two Questions

Jeff For Banks

Prior to starting Mendon he worked for Tucker Anthony Capital Markets working in the banking sector, and before that worked in Structured Derivates at Chase Manhattan. Mark was a senior financial analyst at Wellington since 1994 and a partner from 1996 until his 2019 retirement. Mark Lynch, Retired Partner, Wellington Management.

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How fraudsters target different generations

Independent Banker

By identifying the preferred banking and spending habits of different generations, scammers can tailor how they reach their targets. We look at community banks’ options for fighting this type of crime. Source: Federal Trade Commission, 2019. By Katie Kuehner-Hebert. Rehman Khan, Travelers. Targeting boomers.

Fraud 133
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Formula for Business Lending Success: Minimize Delays

Abrigo

Many community bankers expect a recession will start by at least mid-2021, according to the most recent Community Bank Sentiment Index. 21, 2019 – Jan. financial institutions, represents a large number of lending and credit professionals familiar with bank and credit union lending and credit processes.

Lending 243