Independent Banker

SEPTEMBER 30, 2021

Under Larry Wilson’s leadership, First Arkansas Bank and Trust’s branch on the Little Rock Air Force Base was named the 2020 Air Force Bank of the Year. Community banks operate on a majority of the country’s military installations. Community banks comprise more than two-thirds of the 66 banks operating on U.S.

Arkansas 168

Arkansas Community Bank Community Operations 168

PYMNTS

AUGUST 4, 2020

The DOJ has reportedly raised questions regarding possibly antitrust issues if Intuit, the TurboTax maker, takes over its past competitor that provided complimentary tax preparation technology. credit unions (CUs) and banks have signed up to provide savings and checking accounts via Google Pay. Six more U.S.

Google 142

Google Payments Study Digital Banking 142

Independent Banker

JANUARY 31, 2022

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. Photo by Dennis Burnett. By Mindy Charski.

Texas 182

Texas San Antonio Community Bank Community 182

Independent Banker

OCTOBER 31, 2021

“I’m not sure how we would have processed all of the PPP loans and everything else in the last 18 months without some of the technology that we have implemented,” says Chris Jundt, senior vice president and chief lending officer at First State Bank & Trust. Northpointe Bank in Grand Rapids, Mich., Cashing in on efficiencies.

Lending 91

Lending Community Bank Community North Dakota 91

Jeff For Banks

FEBRUARY 4, 2023

On its website , ChatGPT describes its limitations as may occasionally generate incorrect information, may occasionally generate harmful instructions or biased content, and has limited knowledge of the world and events post 2021. Assistance in cyber security measures, such as "Describe the 2021 Kaseya ransomware attack.";

United States 78

United States US Cyber Security Taxes 78

Independent Banker

JUNE 30, 2022

But there are ways community banks can help mortgage-seekers get on the property ladder. in early May­—up nearly 250 basis points from lows around 3% seen in 2021. Burmis, senior vice president and retail lending manager at $450 million-asset Chelsea State Bank in Chelsea, Mich. So how can community banks help?

Community Bank 143

Community Bank Community Millennials Resources 143

South State Correspondent

JULY 5, 2022

In a stagflation environment, as interest rates rise and cash flow (earnings before interest, taxes, depreciation, and amortization (EBITDA), or net operating income (NOI)) decreases, the borrower’s capacity to service debt as measured by the debt service coverage ratio (DSCR) decreases rapidly. in December 2021).

Management 195

Management Capital US Community Bank 195

Gonzobanker

MARCH 24, 2021

Some examples: My colleague Ron Shevlin pointed out in a recent study conducted with StrategyCorps that Chime, the big dog challenger bank, now has nearly 8 million customers who consider it their primary bank. Community banks and credit unions, in total, have 56 million.

Customer Experience 144

Customer Experience Strategy Community ATM 144

Abrigo

FEBRUARY 27, 2020

Many community bankers expect a recession will start by at least mid-2021, according to the most recent Community Bank Sentiment Index. I’m surprised at how inefficient and poorly automated things are,” said David O’Connell, Senior Analyst with research firm Aite Group , after reviewing the survey results.

Lending 243

Lending Survey Data System 243

Jeff For Banks

JUNE 2, 2023

When the Taxpayer Relief Act of 1997 passed, the top capital gains tax rate was lowered, providing yet another incentive for equity speculators to pour money into the fledgling internet industry. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate? Good times.

FDIC 78

FDIC Community Bank Regulation Lending 78

Jeff For Banks

MARCH 21, 2024

No one will forget the inflation that followed in 2021 to 2023, started first by supply chain issues, but then fueled by the Fed’s purchases and the obscene amount of cash handed out by the federal government. Dorothy recently retired from Penn Community Bank where she worked since 2004. M2 growth was out of control at over 20%.

Marketing 148

Marketing Policies Report Atlanta 148

Abrigo

APRIL 22, 2024

Takeaway 2 Several small business lending processes can tax both borrowers and staff. While small business loans inherently benefit business owners, they also benefit communities, according to 2021 research for the SBA. DOWNLOAD Takeaway 1 Financing plays a crucial role in small business survival and success.

Lending 243

Lending St. Louis Community Marketing 243

Independent Banker

FEBRUARY 28, 2022

Community bankers, pack your bags for Washington, D.C. After a year of virtual visits, the ICBA Capital Summit —the most high-profile and powerful community bank advocacy event of the year—is back in person May 1–4. By Aaron Stetter, ICBA. Visiting a congressional office in Washington, D.C.,

Community 180

Community Washington Community Bank Capital 180

PYMNTS

MARCH 18, 2019

Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021. This new window – which will allow banks to submit requests for SDA until 4:45 p.m. TCH is the association of the 25 largest banks in the U.S.,

Payments 201

Payments Cards Operations System 201

Independent Banker

MARCH 31, 2022

We asked community banks how they’re dealing with the resulting shifts in their employment models. Before remote work was an emergency measure to keep employees safe from a devastating virus, it was a perk some community banks offered to retain and attract talent. One bank that is not turning back. WesBanco, Inc.

Missouri 142

Missouri Community Bank Community Management 142

PYMNTS

JANUARY 15, 2021

A lot of banks are still in a learning mode … I don't think that every bank – from community banks all the way up to bulge bracket banks – are going to dive in and suddenly launch stablecoins,” Allaire said. Still In Learning Mode . “A

Regulation 253

Regulation US Payments Compliance 253

South State Correspondent

MAY 31, 2023

What used to take $160 million in deposits to break even back in early 2021 now takes closer to $40 million. Despite that increase in profitability, banks need to be mindful of how they manage their branch and customer base to increase profitability further.

Data 195

Data Branch Strategies Strategy Mobile 195

South State Correspondent

JULY 25, 2022

Has the bank felt any runoff in deposits after adjusting for tax payments? Is money migrating to certificates of deposits (2.50% APY for 18 months at Capital One ), to money market mutual fund accounts (1.25%+), other banks (that are paying 1.20%+), or somewhere else? How is the bank adjusting its volume targets for the year?

Trends 195

Trends Lending Marketing Capital 195

Jeff For Banks

NOVEMBER 16, 2020

The markets believe the chance of tax hikes, repeals of tax cuts, and gigantic initiatives are greatly diminished. Projections for 2021 are at about +7.0% Dorothy has been with Penn Community Bank and its predecessor since November, 2004. A great GDP growth number for the third quarter of +33.1% year-over-year.

Marketing 78

Marketing National New York City Taxes 78