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

Independent Banker

NOVEMBER 30, 2021

Many hotels and other hospitality businesses haven’t fully bounced back from COVID-19 travel and safety restrictions, but community banks have been by their side through the challenges. Source: 2021 forecast from STR and Tourism Economics. billion-asset, family-owned community bank. By Beth Mattson-Teig. Photo: R.J.

Community Bank 209

Community Bank Community Texas Dallas 209

Abrigo

FEBRUARY 12, 2021

Preparing for 2023 While community banks have until 2023 until they must comply with CECL, there is likely less time than expected. . While community banks have until 2023 until they must comply with CECL, there is likely less time than expected. Getting Started with CECL in 2021. 2023 CECL Deadline? Getting started today.

Community Bank 195

Community Bank Community Data Analysis 195

Independent Banker

JANUARY 31, 2022

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. Swashbuckling, nimble, well-funded and unapologetically entrepreneurial, fintechs are offering innovations that allow community bankers to dream big in a host of ways.

Community Bank 159

Community Bank Community Fintech Risk Management 159

Independent Banker

FEBRUARY 28, 2022

Promotional merchandise, or swag, has long been regarded as a no-brainer approach to business branding, but community banks are shedding those thrifty connotations with a new, mindful approach to company gifting that imparts value and purpose while bolstering bottom lines. It helps others in the community. By Judith Sears.

Branding 167

Branding Community Community Bank Iowa 167

Independent Banker

NOVEMBER 30, 2021

Here’s another conversation with our consummate community banker. Hi Jim, this is Charlie Brown with Community Trust Bank. How are things at the community bank?”. “I Most community bankers I know don’t like to admit defeat. I don’t see how we’re going to do better next year than we’ve done in 2021.”.

Community 126

Community Community Bank Taxes Security 126

Gonzobanker

DECEMBER 17, 2021

Gonzo readers, 2021 was just plain schizophrenic. 2021 fintech investments, merger activities, and overall focus were off the charts. Two, read and enjoy the 2021 GonzoBanker awards, our annual take on the best things we saw during the year. So which merger was the best in 2021? Doug Larson. THE BANKER AWARDS.

Fintech 143

Fintech Strategy Leadership Lending 143

Independent Banker

JANUARY 31, 2022

Here’s how four community banks are thriving in this environment. Clearly, community banks in the region have plenty of opportunities to do what they do best: forge deep and lasting relationships with their customers and communities. These include family-owned businesses, community businesses and operating companies.

Texas 182

Texas San Antonio Community Bank Community 182

Independent Banker

FEBRUARY 1, 2022

2021 introduced new challenges for traditional banks, from the added competition of digital-only entrants to shifting consumer banking behaviors and lingering fallout from the ongoing COVID-19 pandemic. Community FIs are critical to maintaining competition and equity in the U.S. The banking industry remains in flux. financial system.

Community Bank 103

Community Bank Community Trends Industry 103

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. According to the 2022 Home Buyers and Sellers Generational Trends Report published by the NAR, there are some clear generational trends in the homebuying market.

Community Bank 143

Community Bank Community Millennials Resources 143

Independent Banker

AUGUST 31, 2021

A profitability strategy has a lot to factor in given today’s uncertain market. Here’s what community bankers need to know when planning their budgets for the next year. Source: 2021 Provident Bank survey. Here are seven factors community banks should consider as they enter budgeting season. By Cheryl Winokur Munk.

Community Bank 170

Community Bank Community Lending Leadership 170

Accenture

JANUARY 23, 2022

The market turmoil of 2020-2021, along with an unprecedented surge that has renewed a focus on retail investors, has pushed direct investing platforms into the spotlight. However, during the pandemic we witnessed the union of social (media, communities and group action) and capital (saving and trading) as….

Retail 288

Retail social media Customer Experience Community 288

Independent Banker

DECEMBER 31, 2021

If 2020 was the year no one expected, 2021 was a year of resetting expectations. Between a smoldering pandemic, the divisive political landscape and strong, albeit uneven, growth, there was a lot to account for in 2021, and some uncertainty remains. Janet Silveria, Community Bank of Santa Maria. What changes will 2022 bring?

Community Bank 144

Community Bank Community Lending Louisiana 144

PYMNTS

SEPTEMBER 28, 2020

As 2020 limps toward its exhausting conclusion, get ready for a massive rebound in 2021 — for consumer spending , for small- to medium-sized businesses’ ( SMBs ’) top lines, and for the U.S. I actually think that 2021 may not be a good year — I’ll be blunt in saying that,” he told Webster. economy in general. FinTechs To The Rescue?

Fintech 291

Fintech Examples Industry Management 291

PYMNTS

JANUARY 22, 2021

In " A Look Forward: What Executives Wish for America and the World in 2021 ," Herrero discusses how his firm's community-based digital literacy and entrepreneurship programs are harnessing technology and connectivity to improve education provision and livelihood outcomes for previously disadvantaged groups.

Marketing 184

Marketing Community US Groups 184

Independent Banker

JULY 31, 2022

These community banks share how they have (or haven’t) altered their hiring strategies. According to the BLS, “quit levels and rates” by employees is higher in all employment sectors than it is in “finance and insurance” specifically, which is where community banks would fall (see table below). Photo: Colin Conces. By William Atkinson.

Community Bank 91

Community Bank Community Iowa Louisville 91

Independent Banker

MARCH 31, 2022

A secure, open-loop, cost-saving, customer-accessible, multiplatform P2P payments network might sound too good to be true, but community bank consortium Alloy Labs Alliance hopes to achieve just that with the CHUCK payment rail. Launched: 2021. The beauty is that this network has been created by community banks for community banks.”.

Community Bank 91

Community Bank Community Payments Meeting 91

Independent Banker

SEPTEMBER 30, 2021

But for most community banks, building a trustworthy brand isn’t a conscious effort. So first, we’ll look at how two community banks have become trusted pillars of the community through charity work and good old?fashioned billion-asset community bank. Build your community. It’s in their DNA.

Community 139

Community Community Bank social media Security 139

PYMNTS

DECEMBER 8, 2020

In today’s top news, economists expect the economy to recover back to pre-pandemic levels by the end of 2021, and China’s banking watchdog warns of further Big Tech regulations. Economists: Stimulus, Vaccine Key To Full Recovery By Year-End 2021. Synctera Brings 'FinTech As A Service' To Community Banks.

San Francisco 130

San Francisco Community Bank Video Capital 130

CFPB Monitor

DECEMBER 14, 2021

The CFPB has published its Fall 2021 rulemaking agenda as part of the Fall 2021 Unified Agenda of Federal Regulatory and Deregulatory Actions. The rulemakings classified as inactive included overdrafts, supervision of larger participants in markets for personal loans, and student loan servicing.

Lending 78

Lending FDIC Regulation Data 78

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

Jeff For Banks

JANUARY 7, 2022

Here are the top five most-read posts of 2021. The Death of the Community Bank Pundits make predictions. Memorial Day: Remember Maurice "Maury" Hukill One thing I have learned about community bankers is they truly appreciate the sacrifices others made that allowed them to pursue a career in community banking.

Community Bank 78

Community Bank Community Strategy Marketing 78

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. Dynamic market Small business lending by banks & credit unions Small businesses are a pillar of the U.S. trillion between 2019 and 2022.

Lending 195

Lending St. Louis Community Marketing 195

SWBC's LenderHub

NOVEMBER 16, 2020

Last Week: Vaccine hopes (production and distribution aside) have many market participants looking past the projected nightmare that many in the medical and scientific community say is coming in late November. Wishful thinking? Maybe, but so far it’s been working out!

Marketing 78

Marketing Community Meeting Capital 78

South State Correspondent

NOVEMBER 30, 2022

Banks have ceased using LIBOR to price assets and liabilities after 2021. There are several parameters that community banks need to consider when choosing an alternative index to Libor, as follows: Transparency – The index needs to be published broadly, and its composition and pricing mechanism must be transparent and understood.

Community Bank 195

Community Bank Community Marketing Groups 195

South State Correspondent

JANUARY 16, 2024

introduced a LIBOR alternative in March of 2021 (called BSBY). With the development of the term SOFR market, BSBY offers no perceived advantages over SOFR, Fed Funds, or Prime. BSBY was not well received by US regulators from its inception, but the market eventually embraced SOFR over BSBY. No ISDA documents.

Community Bank 195

Community Bank Community Compliance CA 195

Independent Banker

JUNE 30, 2022

We asked community bankers and experts for their advice on ensuring employees feel a sense of belonging. If community banks put in the effort to foster a sense of belonging, the result is a stronger workplace culture, greater employee loyalty and, ultimately, a better experience for customers. By Roshan McArthur.

Community Bank 91

Community Bank Community Leadership Millennials 91

CB Insights

JUNE 21, 2021

Future of Fintech 2021 (October 5-6, NYC) will provide updates on this activity and in-depth analysis on important trends driving financial services. New niche & community-focused banks. Wealth Management & Capital Markets . Here are the key topics that you can expect to learn more about at Future of Fintech : Banking

Trends 74

Trends Fintech Lending Analysis 74

Jeff For Banks

MAY 30, 2024

In December 2021, when the Fed Funds Rate stood at 0-25 basis points and prior to the Fed's tightening beginning in the first quarter of 2022, there were $18.2 Money market total financial assets, according to the St. trillion in total assets at December 2021 to $6.1 trillion. Nine hundred billion dollars, or 5% of deposits.

Strategy 96

Strategy St. Louis FDIC Retail 96

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. Dynamic market Small business lending by banks & credit unions Small businesses are a pillar of the U.S. trillion between 2019 and 2022.

Lending 243

Lending St. Louis Community Marketing 243

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. Commercial Real Estate Market Background. How Banks Can Compete Against Insurance Companies and CMBS.

Company 195

Company Community Bank Community Lending 195

ABA Community Banking

MAY 23, 2022

households surveyed in late 2021 said they were “doing OK” or “living comfortably,” according to the Federal Reserve’s annual Report on the Economic Well-Being of U.S. The post Fed survey: Americans’ financial well-being improves in 2021 appeared first on ABA Banking Journal. Nearly 8 in 10 U.S. Households released today.

Survey 98

Survey Report Community Bank cryptocurrency 98

PYMNTS

AUGUST 14, 2020

We at Farfetch remain dedicated toward helping the global fashion community navigate these unprecedented times, connecting luxury’s curators, creators and consumers, now and in the years to come.”. Meanwhile, a report from Bank Of America shows a severe drop in global luxury goods for Q2, but brighter days appear to be ahead. .

Marketing 153

Marketing America Branding Report 153

CFPB Monitor

OCTOBER 24, 2023

of its mortgage loan applications from residents of, or for properties located in, majority-Black and Hispanic areas in its CRA assessment area, compared to 9.5% for its peer lenders, and on average 46.5% of the applications generated by WTC in those areas were from White applicants, compared to 25% for its peers.

Rhode Island 158

Rhode Island Washington Community Marketing 158

CB Insights

DECEMBER 16, 2021

In 2021, Facebook became Meta, NFTs came to dominate media discussion, and companies increasingly adopted omnichannel marketing models. The Creator Economy Market Map. MARKETING TECH. Client Research] Direct Message Marketing In Consumer & Retail — ESP Vendor Matrix. DIGITAL CONTENT. ENTERTAINMENT AND GAMING.

social media 57

social media Retail Branding Trends 57

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. We look at how community banks can counter nonbanks’ offerings through streamlined technology, customer service and other strategies. Quick Stat. Source: Fannie Mae. trillion this year and $2.72

Community Bank 185

Community Bank Community Lending Marketing 185

CB Insights

OCTOBER 12, 2021

In early September 2021, it bought The Infatuation, a publisher that offers reviews and recommendations on restaurants in 50 cities across the USA and internationally. Why Acquiring Media Companies And Communities Is About To Explode appeared first on CB Insights Research. Want the full post? Become a CB Insights customer.

Community 97

Community Company Tools Fintech 97