Independent Banker

MAY 31, 2022

Community banks have a choice about addressing the problem: Remain vulnerable or be vigilant. Fraud and cybercrimes continue to increase, causing challenges for community banks. But there’s plenty community banks can do to meet this challenge. The bank works hard to prevent attacks with many defensive layers of security.

Community Bank 134

Community Bank Community Fraud Texas 134

Independent Banker

OCTOBER 31, 2021

Offering digital lending isn’t about the bells and whistles. Community bankers tell us why. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. By Beth Mattson-Teig.

Lending 91

Lending Community Bank Community North Dakota 91

South State Correspondent

APRIL 12, 2022

We feel that as community bankers, we can learn much from Jamie Dimon (Chairman and CEO of JPM) and from Warren Buffet. Recently, JP Morgan Chase released its 64-page 2021 shareholder letter and 340-page annual report. As usual, it was full of insight that every community banker should consider. 3) Community Focused.

Community 195

Community Community Bank Leadership Lending 195

CFPB Monitor

OCTOBER 4, 2022

The DOJ’s lawsuit against Lakeland, filed in a New Jersey federal district court, is part of the DOJ’s nationwide “ Combating Redlining Initiative ” launched in October 2021. In the majority-white neighborhoods in the Newark Lending Area, residential mortgage services were available at branches to walk-in customers.

New Jersey 147

New Jersey Lending Community National 147

Independent Banker

MAY 31, 2022

Josh Prejean (right) of Bank of Zachary, here with mortgage client David Rozas, says community banks must compete through customer service. Nonbank institutions continue to be serious contenders in the home lending space. The amount of annual mortgage origination surpassed this figure in both 2020 and 2021. Quick Stat.

Community Bank 185

Community Bank Community Lending Marketing 185

South State Correspondent

JULY 10, 2023

Next week’s article will consider the challenges and possible solutions for community banks to adopt loan hedging programs. The paper summarizes that banks use interest rate hedging tools to bridge a natural risk on a bank balance sheet: borrow short and lend long, which exposes lenders to interest rate risk.

Community Bank 195

Community Bank Community Tools Management 195

Independent Banker

OCTOBER 1, 2022

The West Virginia community bank is helping small-business customers get the financing they need while continually seeking new ideas to plan for its own future. Consider, for example, its commercial lending approach. The SBA West Virginia District Office named it the West Virginia Community Lender of the Year for 2021.

West Virginia 91

West Virginia Virginia Community Bank Community 91

Abrigo

JULY 20, 2021

From leveraging PPP technology to building relationships, reasons for boosting SBA lending are numerous. . Takeaway 2 Far fewer financial institutions regularly participate in SBA (7a) lending than the more than 5,000 that joined the PPP. . Why SBA Lending? Want other articles like this on SBA loan origination in your inbox?

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

JANUARY 13, 2021

As communities across the country continue to struggle with the effects of the COVID-19 pandemic, good news has surfaced as the Small Business Administration (SBA) announces the rollout of another round of Paycheck Protection Program (PPP) funding. Lending & Credit Risk. SBA Lending. Lessons Learned. Combatting Fraud.

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Fraud Community Lending Analysis 195

South State Correspondent

APRIL 23, 2023

Fair Value versus Amortized Cost The amortized cost of assets is the accounting treatment applied to securities known as held-to-maturity, or HTM. In the case of SVB, the bank’s HTM securities portfolio was $91.3Bn at the end of 2022, and the bank did not need to provide the fair value of these securities on its balance sheet.

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Management Security Risk Management social media 195

Independent Banker

APRIL 30, 2022

Independent Banker’s annual listing top-performing community banks of 2021 alongside interviews with some of the winners. In true community bank fashion, each has its own story to tell and its own path to success. In true community bank fashion, each has its own story to tell and its own path to success. Livingston.

Community Bank 172

Community Bank Community Montana Taxes 172

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. By Katie Kuehner-Hebert. Name: Locality Bank. Assets: $55 million. Filling a need.

Florida 91

Florida Community Bank Community FDIC 91

Abrigo

MAY 24, 2023

Bipartisan support The SAFE Banking Act's long road to the Senate Many in the AML/CFT community have been watching the unfolding of the Secure and Fair Enforcement (SAFE) Banking Act for some time now with no significant progress.

Lending 195

Lending Fraud Operations Ohio 195

CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” Malini Mithal testified that the FTC received over 200,000 reports of military fraud in 2021, totaling over $267 million in losses.

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Fraud National Security social media 78

Gonzobanker

JULY 9, 2021

Q1 2021 was the largest funding quarter on record, according to CB Insights , with fintechs raising $22.8 As fintech startups, challengers, and even mature fintech providers laser in on evermore specific pain points, investors pour funds into the payments, lending, data, and other approaches to pain relief. Fintech is no different.

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Fintech Lending Community Payments 197

PYMNTS

APRIL 22, 2020

“GPay has a supportive ecosystem from G-Group with above 20 million users of financial platforms, game community, social network and technology companies. The G-Group ecosystem includes Vietnam’s social media network Gapo and P2P lending platform Tima. Tran said GPay was in discussions with investors for a Series A funding round.

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Payments social media Groups Taxes 154

Abrigo

MAY 22, 2024

Recent stats and dynamics of the small business lending market Understanding the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

Lending 195

Lending St. Louis Community Marketing 195

Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

Lending 244

Lending St. Louis Community Marketing 244

Abrigo

MARCH 15, 2022

By early 2021, a small survey of C-suite executives by CCG Catalyst Consulting found all but 6% saying they provided some form of consumer account opening online. Convenient access to free, local ATMs, security concerns, and being nervous about putting all of their funds in a digital bank were among the reasons provided. CRE Lending.

Online 195

Online Lending Survey Digital Banking 195

Independent Banker

NOVEMBER 30, 2021

Experts say community banks can use education, biometrics and solid cybersecurity practices to fight this growing area of crime. Say a scammer calls a community bank customer and gains their trust by using information obtained from a major data breach. By Elizabeth Judd. Examples of remote authentication fraud. New account fraud.

Fraud 160

Fraud Strategy Community Bank New York City 160

PYMNTS

SEPTEMBER 24, 2018

In the latest research of small business lending trends, researchers have found evidence to be optimistic. The research also offers a glimpse into the struggle for alternative lending players to prove their worth as an important source of financing for small businesses that can’t access a bank loan. Across the U.S.

Data 158

Data Lending Survey Community 158

Independent Banker

DECEMBER 31, 2022

Here’s how community banks can enhance their payments offerings. As 2023 kicks off, community banks can respond to today’s payments landscape by addressing five key trends. FedNow is obviously going to change the landscape for us, and I think it’s going to accelerate [digital development] for community banks,” Lakoumentas says.

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Trends Payments Community Bank Texas 140

Independent Banker

AUGUST 31, 2021

This year’s winners: Left: Central Valley Community Bank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional Community Bank Service Award; Right: Cross River Bank, Emerging Service Program Award. Exceptional Community Bank Service Award. Instead, we give those dollars to the community.”. Asset size: $1.36

Community Bank 196

Community Bank Community National Fresno 196

PYMNTS

APRIL 30, 2018

Marketplace lending. The blockchain can even end world poverty and transform society by making it safer for total strangers to lend each other money — without any third-party intermediary — and without any risk. billion by 2021. billion in 2021 and on the Internet of Things at 14 percent a year from $772.5 Blockchain.

Fintech 183

Fintech blockchain Lending Digital Banking 183

Jeff For Banks

JUNE 2, 2023

The old borrow short, lend long strategy. Economists cite as the main culprit the collapse of the subprime mortgage market — defaults on high-risk housing loans — which led to a credit crunch in the global banking system and a precipitous drop in bank lending. The Fed Funds rate was zero in December 2021. Good times.

FDIC 78

FDIC Community Bank Regulation Lending 78

Abrigo

AUGUST 25, 2021

Takeaway 2 A consumer loan origination system can help FIs offer a fully digital retail lending experience. How can FIs overcome retail lending challenges? In today's competitive – and increasingly digital – consumer lending environment, financial institutions will need to find ways to adapt to changing customer expectations.

Lending 195

Lending System Community Retail 195

Abrigo

DECEMBER 20, 2021

Whether that is the case or not, the reprieve is now over. On December 16, 2021, FinCEN announced an $8 million civil money penalty against CommunityBank of Texas (CBOT) for willful Bank Secrecy Act (BSA) violations and failing to maintain an effective anti-money laundering (AML) program. Lending & Credit Risk. Learn More.

Resources 195

Resources Texas Analysis System 195

Gonzobanker

DECEMBER 22, 2020

And how did community banks and credit unions respond to the COVID craziness? Financial institutions went from having no PPP lending program at all to funding their first loan in 90 days – and this with literally last-minute regulatory guidance. Expect more cost-driven MOEs in 2021! And, by the way, without missing a beat.

Idaho 170

Idaho Community Industry Strategy 170

Abrigo

MARCH 24, 2021

Takeaway 1 Financial institutions that invested in technology in 2020 are using it to increase the loan portfolio in 2021. Growing loans, earnings are banks' top challenges 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.

Lending 221

Lending Technology Survey Examples 221

PYMNTS

MAY 28, 2019

By 2021, close to 90 million – or 86.5 The company recently filed paperwork with the Securities & Exchange Commission (SEC) to go public on the New York Stock Exchange. And, to meet their day-to-day needs, more consumers are tapping into digital platforms seeking top-notch customer support and seamless service.

Apple 159

Apple Mobile Fraud Branding 159

CFPB Monitor

DECEMBER 28, 2020

The final rule is effective on April 1, 2021 and substantially adopts the FDIC’s proposal. Along with the FDIC’s final rule regarding brokered deposits , the adoption of the final rule represents a significant development for fintech companies and other commercial companies seeking to establish ILCs.

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FDIC Industry Policies Company 78

South State Correspondent

MARCH 14, 2022

Community banks have solid competitive advantages when competing against insurance companies (primarily life insurance companies or “Lifecos”) and commercial real estate securitization conduit lenders (CMBS) for commercial borrowers. Community banks have a cost advantage when competing against insurance companies and CMBS lenders.

Company 195

Company Community Bank Community Lending 195

FICO

AUGUST 19, 2022

billion globally in 2021 – banks and credit unions are losing their status as the primary financial services providers to American consumers. While this is a good start, banks cannot lose sight of the value that intentionally used overdraft protection (or similar short-term lending products) can have for customers with cash flow imbalances.

Fintech 52

Fintech Millennials Lending Tools 52

BankUnderground

MARCH 1, 2021

1 March 2021 was the 75th anniversary of the Bank of England’s nationalisation. It said that creating them ‘would have the effect of seriously disturbing confidence among the depositors in the Joint Stock Banks’ and that ‘it would be unwise to make any specific reference to ‘assets’ or to ‘investment in Government securities’.

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Policies Regulation Meeting Industry 125

Abrigo

MARCH 13, 2023

Much attention has been placed on the sale of the securities portfolio at a loss and if that move itself was causal. Banks in rural America are not going to have the same kind of lending activities, or depositor relationships as this bank seemingly had. Lending to startup companies with a plan to go public is not itself a problem.

Strategy 195

Strategy Lending Security Analysis 195

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. Ag lending in the South: Relationships matter.

Community Bank 172

Community Bank Community National Philadelphia 172

Jeff For Banks

MAY 4, 2020

Readers note: You can also view this post on Penn Community Bank's website. I had believed that we would continue the expansion into 2021, but that will not happen. Dorothy has been with Penn Community Bank and its predecessor since November, 2004. Click here. Coronavirus Pandemic Life as we know it changed in March, 2020.

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Marketing Philadelphia Community Bank US 78