Abrigo

OCTOBER 28, 2022

Takeaway 1 Signs point to increased loan modifications and loan workouts, and regulators have urged financial institutions to work prudently with borrowers. . Takeaway 2 Meanwhile, banks and credit unions will likely see a beefed-up regulatory emphasis on credit risk management practices, especially tied to CRE. .

Management 195

Management Risk Management Policies Lending 195

Gonzobanker

DECEMBER 19, 2022

All of you with your hands up… … uh huh. It would have required a few trips to the local dispensary to dream up what bankers have endured this year. 1 issue raised by CEOs in our surveys, bankers had to craft a new and compelling post-Covid value proposition to attract it. OK, show of hands. Pull ’em down. Nobody did.

Community 216

Community Fintech Industry Innovation 216

Gonzobanker

DECEMBER 17, 2021

THE BANKER AWARDS. It was a cray cray year for mergers and acquisitions (M&As) in 2021 coming out of COVID slowdown in 2020. Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Doug Larson. Gonzo readers, 2021 was just plain schizophrenic.

Fintech 143

Fintech Strategy Leadership Lending 143

PYMNTS

OCTOBER 16, 2020

In terms of timeline, In an email obtained by the Select Subcommittee dated March 28, 2020, the head of the American Bankers Association (ABA) described to ABA’s board that there had been a call with Treasury officials on March 27 (the day the CARES Act was signed into law, which got the PPP off the ground). On Friday (Oct.

Lending 161

Lending Fraud Community Report 161

Independent Banker

NOVEMBER 30, 2022

You have a bank that was born out of COVID and could have gone the other direction but ended up thriving.”. In 2020, six-time World Series of Poker (WSOP) winner Daniel Negreanus moved his winnings account to Lexicon after another financial institution closed his account—a development the community bank addressed in a press release.

Las Vegas 129

Las Vegas Community Bank Community Wisconsin 129

PYMNTS

JANUARY 14, 2021

But in a wrinkle — and with a nod to the “cash in, cash out” feature — the users also can visit one of over 60,000 JazzCash agents located in Pakistan, who can help users set up and use their JazzCash accounts (and transact in cash to buy goods). According to the World Bank , that represents a total of 100 million individuals.

Mobile 234

Mobile Payments Course Data 234

Lex Sokolin

DECEMBER 16, 2020

You are just minding your own business being a start-up, thinking “how many more months of capital do I have until we are bankrupt.” In 2020, they are launched by celebrity billionaire investors, and none of that status stuff matters anyway. Or, “this COVID thing is really getting people to download our app and trade a lot of stocks.”

Fintech 52

Fintech Capital Company Data 52

Lex Sokolin

DECEMBER 16, 2020

You are just minding your own business being a start-up, thinking “how many more months of capital do I have until we are bankrupt.” In 2020, they are launched by celebrity billionaire investors, and none of that status stuff matters anyway. Or, “this COVID thing is really getting people to download our app and trade a lot of stocks.”

Fintech 52

Fintech Capital Company Data 52

PYMNTS

JANUARY 25, 2021

Firms looking for a second round of funds must be able to prove they’ve used (or mostly expended) their first loan; demonstrate a drop of 25 percent in gross annual receipts for a quarter of 2020; and refrain from receiving funds from other federal programs like Save Our Stages Grants (also provided in the second-round stimulus).

Los Angeles 256

Los Angeles Georgia Atlanta New York 256

Independent Banker

AUGUST 31, 2021

One Thursday in October 2020, police officers were called out to the streets near the Augusta Civic Center, where a huge traffic jam had formed. Bob Moore, Augusta Food Bank’s executive director, says traffic was backed up for miles. Last year was earth-shattering in many ways. Kennebec Savings Bank: Fighting food insecurity.

Community Bank 196

Community Bank Community National Fresno 196

Independent Banker

DECEMBER 1, 2021

It’s a CDFI, which means that 60% of lending is made to low- and moderate-income customers or underserved communities. The idea that community banking can be a force for positive change is at the heart of Beneficial State Bank, which engages its customers through financial activism. By Roshan McArthur. Name: Beneficial State Bank. Assets: $1.5

Oakland 153

Oakland Community Community Bank Leadership 153

Jeff For Banks

DECEMBER 16, 2022

The first bank to crack the Top 5 over $50 billion did so in 2020. I call this "pulling into the pits" in my book: Squared Away-How Can Bankers Succeed as Economic First Responders. And I am weary of the persistent "get big or get out" mentality of many industry pundits. Its headquarters is the only location.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

Independent Banker

NOVEMBER 30, 2021

Premium benefits packages, professional development and TLC during the pandemic—this year’s winners do everything in their power to keep their community bankers happy and fulfilled. Keeping up communication. We asked both leaders and staffers to tell us what makes their community banks stand out as employers. LESS THAN $250 MILLION.

Community Bank 164

Community Bank Community Texas Leadership 164

Gonzobanker

DECEMBER 20, 2019

There is an understanding that technology and fintech are going to cause radical change, but the how, how big and when are still very unclear. Brutal competition is an everyday affair, as are product and price commoditization. They have a very simple answer to all of these headwinds: Bring. But that’s for next year. First, find a comfy chair.

Idaho 148

Idaho Conference Data Marketing 148

PYMNTS

FEBRUARY 24, 2017

While everyone is gearing up for the Oscars, some of us may be in La La Land blithely ignoring smoke coming from the auto industry. Turns out numbers are popping up in other places that corroborates the bigger picture. Mobile is the wave of the future in payments, and the wave shows no sign of cresting. From Ring comes ca-ching.

Lending 101

Lending New York Retail CA 101

Banking 2020

MARCH 10, 2015

Daily, I have been reminded by the government, that the signs of economic recovery are all around me. The signs of change are around us, but it’s more likely that the US economy is rearranging itself rather than simply recovering under the old umbrella of Wall Street. My answer, combine the best of both worlds.

Community 40

Community Lending Capital Conference 40

Independent Banker

DECEMBER 31, 2022

Following some respite in 2022, community bankers are bracing for a tougher economic landscape ahead in 2023. So we’re careful when we lend out commercial real estate loans. Illustration by Jack Hudson. By Beth Mattson-Teig. If a recession does emerge, what will it look like? Our bank is built on a low to moderate risk profile.

Community Bank 91

Community Bank Community Tampa North Carolina 91

Jeff For Banks

MARCH 14, 2020

Sign up for my health plan's virtual doctor visit portal. Here is what my family is doing to reduce the risk of contracting or spreading coronavirus: 1. Washing hands with greater discipline for 20 seconds per wash. Which is difficult. I'm singing the "Baby Shark" song. Coughing and sneezing into our elbows. In case we need it.

ATM 78

ATM Policies US Management 78

Independent Banker

NOVEMBER 13, 2014

ICBA Independent Banker is happy to report that robots aren’t marauding down Main Street. estimates there will be 26 billion physical devices connected together by 2020, a nearly thirtyfold increase from 900 million in 2009. By Michael Blankenheim. The technology research think tank Gartner Inc. in Stamford, Conn.,

Community Bank 71

Community Bank Community Maryland System 71

CB Insights

JUNE 3, 2020

Mirroring other sectors, fintech activity and investment has been muted through the first five months of 2020. Banking & Lending. This comes as no surprise, as Covid-19 is keeping the venture landscape broadly in something of a holding pattern. At the same time, the story for fintech is more nuanced. Take the payments sector.

Lending 75

Lending Capital Online Marketing 75

Fintech Labs Insights

NOVEMBER 18, 2014

brick-and-mortar footprint will fall 30% to 40% by 2020 Thoughts : I get that people like the local branch. Prediction : The amount of time spent banking online via desktop will fall 20% to 30% by 2020 Thoughts : Many people still think that "important work" requires a browser and the real estate of a 13-inch screen. It took an hour!

Lending 30

Lending Mobile Online Digital Banking 30

Gonzobanker

DECEMBER 22, 2015

Sure, we bought some December options on west Texas crude at $100 a barrel, but it was only with a third of the 401(k)—plenty of time to make that up, right? It’s hard for any banker to avoid gulping at the sheer long-term performance of George Gleason II and his team at the Bank of the Ozarks. ” – Tom Armstrong. That’s two.

Community Bank 60

Community Bank Apple Community Technology 60

CB Insights

FEBRUARY 8, 2018

Last September, JPMorgan Chase CEO Jamie Dimon took a stab at Bitcoin: “It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed.”. Lloyd Blankfein, head of Goldman Sachs echoed that thought, saying, “Something that moves 20% [overnight] does not feel like a currency. It is a vehicle to perpetrate fraud.”.

blockchain 78

blockchain Bitcoin cryptocurrency Security 78