Independent Banker

APRIL 30, 2022

During the pandemic, many community banks needed to change how they operated. For this and other reasons, now is a good time to review and refresh articles, bylaws and committee charters to ensure resilience and bolster risk management. But if they see it as a risk management tool, it’s a game changer.

Oregon 91

Oregon Community Bank Community Meeting 91

South State Correspondent

OCTOBER 26, 2023

As can be seen, the conference largely revolved around payments, artificial intelligence, fintech partnerships/management, regulation, and fraud/identity in its various forms. The near-frictionless Know Your Customer (KYC) solution merits a look from banks. Below is a breakdown of all 300 sessions, less the demos and sales pitches.

Conference 221

Conference Las Vegas Fraud Case Study 221

Abrigo

FEBRUARY 27, 2020

Abrigo’s 2020 Business Lending Readiness Survey found many bankers are dealing with processes that stymie those efforts. They are routinely experiencing processes that add costs, delay turnaround times, and can lead to inconsistency in pricing and risk management. Lending & Credit Risk. Lending & Credit Risk.

Lending 243

Lending Survey Data System 243

Abrigo

DECEMBER 31, 2019

Key Takeaways The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2019. The top lending and credit blog posts focused on improving loan pricing, creating a better experience for borrowers, and developing risk ratings. Top blog posts reflect bank, CU priorities.

Lending 150

Lending Community Bank Software System 150

South State Correspondent

JANUARY 30, 2024

IT is spending as a percentage of revenue compared to years past, like 2019, when banks did not invest enough in IT, and 2020, when banks had to spend more than revenue growth allowed because of the pandemic. Bank IT Spending as a Percent of Revenue Our favorite go-to metric is to benchmark IT spending against total revenue.

Capital 195

Capital Operations Customer Experience Comparison 195

Independent Banker

NOVEMBER 30, 2022

It also aimed to capture the gaming market with its Professional Poker Banking Program, which is open to players who have participated in at least one of the World Series of Poker tournaments. Professional players’ finances can be unpredictable and can bring increased regulatory scrutiny, making this a market many banks won’t touch.

Las Vegas 129

Las Vegas Community Bank Community Wisconsin 129

Abrigo

DECEMBER 2, 2021

The influx of money from government relief programs like the Paycheck Protection Program (PPP) in 2020 and 2021 left financial institutions flush with cash. Indeed, deposit levels to transaction accounts among community banks exploded 74% to $896.5 Credit Risk Management. Lending & Credit Risk.

Conference 195

Conference San Antonio Lending Fraud 195

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

Abrigo

SEPTEMBER 2, 2020

In Abrigo’s 2020 Business Lending Readiness Survey , conducted in late Q4 2019, community financial institutions revealed numerous ineffective, poorly automated areas within their banks or credit unions, including manual data entry, re-keying customer information numerous times, and using Excel spreadsheets to manage the borrower pipeline.

Lending 259

Lending Community San Antonio Survey 259

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. First Southern Bank.

Community Bank 172

Community Bank Community National Philadelphia 172

Abrigo

SEPTEMBER 2, 2020

In Abrigo’s 2020 Business Lending Readiness Survey , conducted in late Q4 2019, community financial institutions revealed numerous ineffective, poorly automated areas within their banks or credit unions, including manual data entry, re-keying customer information numerous times, and using Excel spreadsheets to manage the borrower pipeline.

Lending 195

Lending Community San Antonio Survey 195

Jeff For Banks

DECEMBER 9, 2020

On October 29, 2020, the New York State Department of Financial Services (DFS) issued a letter to all depositories and non-depositories regulated by them regarding climate change and financial risks. Start integrating the financial risks from climate change into governance frameworks, risk management processes, and business strategies.

Lending 78

Lending Regulation Community National 78

Jeff For Banks

MARCH 21, 2024

Four Years Ago It was on March 11 th , four years ago in 2020, that the WHO declared a global pandemic due to the Covid virus threat that originated in China. The LEI index has now fallen 23 months in a row and is the lowest since April, 2020. Dorothy recently retired from Penn Community Bank where she worked since 2004.

Marketing 146

Marketing Policies Report Atlanta 146

Gonzobanker

DECEMBER 20, 2019

billion of assets under management. Hats off the Schools Financial’s board and management for acknowledging that even multi-billion dollar credit unions can drive value via merging with someone bigger. Bank Acquisition of the Year. And this year’s Smarter Bank is … drum roll … USAA. ConnectOne Bancorp, Inc.

Idaho 148

Idaho Conference Data Marketing 148

CFPB Monitor

JULY 5, 2022

The OCC has failed to systematically evaluate the trade-offs made each year between efficiency given available resources and effective identification of fair lending deficiencies and violations when it identifies and selects problematic fair lending activities of smaller banks for examination.

Lending 78

Lending Report Policies Handbook 78

CB Insights

FEBRUARY 20, 2020

Two of these unicorns have already exited: Plaid was acquired by Visa in January 2020, and Bill.com held an IPO in December 2019. The most valuable of these freshly minted unicorns are blockchain startup Ripple ($10B valuation) and challenger banks Chime ($5.8B) and N26 ($3.5B). In January 2020, Visa announced a $5.3B

Fintech 80

Fintech US Lending Cards 80

Jeff For Banks

NOVEMBER 3, 2023

It was the massive increase in M2 in 2020 and 2021 (and beyond!) Jaworski 10/28/23 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, risk management, and financial analysis. M2 is falling. Inflation is responding by falling.

Marketing 85

Marketing Community Bank Policies Community 85

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

Jeff For Banks

MARCH 5, 2022

Many businesses are seeing labor shortages, as we are still several million payrolls short of where we were in early 2020. Stock and bond market volatilities are also seeing winter squalls and are sending messages about shifting investor sentiments about risk. GDP for all of 2021 was +5.7%, following a year of decline in 2020 of -3.4%

Marketing 78

Marketing Policies Community Bank Community 78

Jeff For Banks

MAY 4, 2020

Readers note: You can also view this post on Penn Community Bank's website. Coronavirus Pandemic Life as we know it changed in March, 2020. Sadly our record expansion of 128 months came to an end in February, 2020. Dorothy has been with Penn Community Bank and its predecessor since November, 2004.

Marketing 78

Marketing Philadelphia Community Bank US 78

Abrigo

APRIL 22, 2024

trillion in 2020 as a result of COVID-19 relief programs. Between 1994 and 2020, nearly a third of new employer establishments didn’t last more than two years, and the 15-year survival rate was 26%. As a share of their total assets, community banks have more business loans below $1 million than larger banks, according to the St.

Lending 243

Lending St. Louis Community Marketing 243

Jeff For Banks

NOVEMBER 16, 2020

Did you manage a vacation over the summer? Bucks & Montgomery Unemployment rates soared after the lockdowns began in March, 2020. The latest national CoreLogic home price index for September, 2020 was +6.7% Dorothy has been with Penn Community Bank and its predecessor since November, 2004. in October.

Marketing 78

Marketing National New York City Taxes 78

Jeff For Banks

FEBRUARY 1, 2019

and lower in 2020. Some are calling for a recession in 2020, but we should be able to avoid it if the stubborn Fed stops raising rates. DJ 01/11/19 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, risk management, and financial analysis.

Marketing 60

Marketing Community Bank Community Risk Management 60

Jeff For Banks

DECEMBER 8, 2022

Money supply, as measured by M2, was growing in 2020 by over 20% year-over-year and in 2021 by 12% to 20% due to the Fed injecting liquidity through its bond buying program of $100 billion per month and the federal government passing continued Covid-19 relief bills, placing trillions of dollars into the economy.

Marketing 78

Marketing Policies Philadelphia Community Bank 78

Jeff For Banks

NOVEMBER 1, 2017

Actually, the forecast for 2018 to 2020 is also 2%. We managed to score some of the eclipse glasses and observe the 80% eclipse here in PA). DJ 10/17/17 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, risk management, and financial analysis.

Marketing 60

Marketing Taxes DC Community Bank 60

Jeff For Banks

AUGUST 24, 2022

We do need to understand that recession or the risk of recession will not stop the Fed from raising interest rates, liquidating their bond portfolio, and reducing the money supply. in December, 2021, and 21% to 25% during the pandemic months in 2020. Dorothy has been with Penn Community Bank and its predecessor since November, 2004.

Marketing 78

Marketing US Community Bank Study 78

Gonzobanker

DECEMBER 22, 2015

Community bank marketing resources. With market opportunity heating up and big bank and big credit union competitors hitting hard, too many community banks lack marketing resources … or they have 2X more spending in sponsorships than the campaigns, analytics and digital sales improvements that actually bring in new business.

Community Bank 60

Community Bank Apple Community Technology 60

Gonzobanker

DECEMBER 17, 2021

Bank Deal of the Year. It was a cray cray year for mergers and acquisitions (M&As) in 2021 coming out of COVID slowdown in 2020. With prices rational and revenue pinched, there were some nice acquisitions by many banks. Bancorp for grabbing MUFG Union Bank. Congrats to Randy and a great management team.

Fintech 147

Fintech Strategy Leadership Lending 147

Abrigo

NOVEMBER 29, 2021

Takeaway 3 Community banks have seen less volatility in noninterest income, and many are still eyeing growth across the category. The Consumer Financial Protection Bureau (CFPB) in 2020 ordered TD Bank, N.A. Community banks target growth. Types of Noninterest Income. An important source of revenue.

Community Bank 195

Community Bank Community FDIC Trends 195

Gonzobanker

MARCH 21, 2017

For banks evaluating vendor promises, the internal handicapping conversation goes something like this: “OK, we have an announced general availability date of April 2017. We’ll be glad if it ever gets done, and we can probably bet on a 2020 actual go-live. We’ll be frickin’ elated if it happens in 2019.”. Either double down on U.S.

Phoenix 60

Phoenix Lending System US 60

Gonzobanker

MARCH 21, 2017

For banks evaluating vendor promises, the internal handicapping conversation goes something like this: “OK, we have an announced general availability date of April 2017. We’ll be glad if it ever gets done, and we can probably bet on a 2020 actual go-live. We’ll be frickin’ elated if it happens in 2019.”. Either double down on U.S.

Phoenix 60

Phoenix Lending System US 60

Abrigo

MARCH 24, 2021

Takeaway 1 Financial institutions that invested in technology in 2020 are using it to increase the loan portfolio in 2021. The top banking challenges in 2021 are growing loans and earnings, according to Independent Banker’s recent 2021 Community Bank CEO Outlook survey. Capitalize on the momentum you gained during 2020.

Lending 221

Lending Technology Survey Examples 221

Abrigo

JULY 28, 2021

Community financial institutions required to complete the current expected credit loss (CECL) standard implementation by 2023 are undoubtedly busy managing record-low net interest margins, pandemic-related uncertainties, and operational issues, as well as their own strategic initiatives. Benefits of earlier CECL implementation.

Resources 195

Resources San Antonio Data Regulation 195

Abrigo

SEPTEMBER 14, 2022

What banks need to know as the CFPB gets closer to its final rule Banks, credit unions, and other creditors may be required to collect more data for each application under a new rule. You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." Credit Risk Management.

Lending 195

Lending Data Regulation Community 195