Independent Banker

AUGUST 31, 2021

Here’s what community bankers need to know when planning their budgets for the next year. Source: 2021 Provident Bank survey. These days, there’s a lot to contend with as a community bank, from changing consumer behaviors due to the pandemic to uncertainty surrounding the economy and inflation. By Cheryl Winokur Munk.

Community Bank 170

Community Bank Community Lending Leadership 170

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. Fraud and cyber attacks are on the rise, and at great expense to the industry.

Community Bank 134

Community Bank Community Fraud Texas 134

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.

Fintech 291

Fintech Examples Industry Management 291

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

Jack Henry

JANUARY 6, 2021

Reflecting back on 2020, the community banking and credit union industries should be proud of how this unprecedented pandemic and resulting economic crisis was managed. This familiar wish resonates now more than ever before.

Financial Technology 144

Financial Technology Trends Technology Community Bank 144

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

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

South State Correspondent

JANUARY 16, 2024

introduced a LIBOR alternative in March of 2021 (called BSBY). Unfortunately, some banks adopted BSBY as one of their preferred indexes and in doing so created risk in derivatives and operations. We published various articles comparing community bank alternatives to LIBOR (such as SOFR, Ameribor, Fed Funds, and Prime).

Community Bank 195

Community Bank Community Compliance CA 195

Abrigo

APRIL 25, 2024

At the same time, 59% pursued credit to meet operating expenses. Generally, small business loans benefit business owners, they also benefit communities, according to 2021 research for the SBA. Starting with loans originated in January 2021, delinquency rates begin to fall and even dip below historical averages.

Lending 195

Lending Trends Capital Strategy 195

South State Correspondent

MARCH 21, 2023

The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects.

Taxes 195

Taxes Community Bank Community Operations 195

South State Correspondent

APRIL 18, 2022

Historically, community banks have relied on net interest margin (NIM) instead of fee income to drive return on equity (ROE). Community banks have overlooked fee income because of the lack of analytics on how fee income translates to revenue and profitability. Industry Comparison of Fee Income. Why Fee Income Is Important. Conclusion.

Lending 195

Lending Community Bank Community Comparison 195

Independent Banker

JANUARY 31, 2022

These community banks are working to fix that through microlending programs. One of the harsh realities revealed by the flood of Paycheck Protection Program (PPP) money distributed in 2020 and 2021 is that many businesses and entrepreneurs in need of small-balance loans fell through the cracks. By Beth Mattson-Teig. in Toms River, N.J.

Lending 150

Lending Community Community Bank Compliance 150

Perficient

JANUARY 29, 2021

. “OneStream is committed to building a strong partner community and this status level is awarded to partners who continue to meet our high standards and deliver exceptional solutions that drive value for our customers. ” The growth of our OneStream practice amidst a pandemic is truly remarkable.

Training 436

Training Houston United States Software 436

PYMNTS

DECEMBER 8, 2020

The survey included 6,000 restaurant operators and 250 supply chain businesses Nov. Further, 83 percent of full service operators said they anticipated things to get worse between now and March. Some 58 percent of chain and independent full service operators said that the next three months would bring more furloughs and layoffs.

Industry 226

Industry National Survey Operations 226

Independent Banker

APRIL 30, 2022

Here’s how community bankers can take advantage of various sectors—including SBA lending—over the next 12 months. Community banks that have struggled to grow their commercial loan portfolios over the past two years are optimistic that there are brighter days ahead this year and next. billion asset community bank. Source: U.S.

Lending 158

Lending Community St. Louis Community Bank 158

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. Mendenhall.

Community Bank 172

Community Bank Community Montana Taxes 172

Jeff For Banks

APRIL 4, 2024

Shadow Banking refers to banking-like operations that take place outside of the mainstream banking industry. Business Research Insights estimates the worldwide shadow banking system to be over $53 trillion in 2021 and believes it will grow to $85 trillion by 2031, a 5% compound annual growth rate (see table).

Banking Trends 119

Banking Trends Trends Millennials Oregon 119

South State Correspondent

JUNE 30, 2023

Many banks pride themselves on superior customer service, and approximately 90% of all community banks believe that they provide an above-average level of customer service (the math cannot work that way). The graph below shows the industry ROE and ROA from 1984 to 2021.

Resources 195

Resources Community Bank Capital Community 195

Jeff For Banks

AUGUST 2, 2021

In June 2021, we were up to six locations, $327.6 In 2021, we are up to over $70 million, mostly investment properties. This is not a high level of revenues to handle all the expenses involved with operating a troubled banking organization at the time. million in loans in the two locations. million in assets and $233.7

Community Bank 78

Community Bank Community Minnesota Metro 78

Independent Banker

NOVEMBER 30, 2022

Stacy Watkins (left), president and CEO, and Hilary Nelson (right), senior vice president and director of operations and compliance, at the Las Vegas Strip. When it comes to supporting outliers in the Las Vegas community, Lexicon Bank knows how to play its cards. Photo by Sammy Tillery. By Tom Groenfeldt. Name: Lexicon Bank.

Las Vegas 129

Las Vegas Community Bank Community Wisconsin 129

Independent Banker

APRIL 30, 2022

Community bankers are embracing innovation like never before—with impressive results. But with so much emphasis placed on customer-facing products and technologies, innovating back-office operations can fall to the bottom of the priority list. Unbundle your end-to-end operations and conduct a SWOT analysis. Minimizing friction.

Innovation 91

Innovation Community Bank New York City Community 91

Independent Banker

SEPTEMBER 30, 2021

Community banks operate on a majority of the country’s military installations. Given their selfless service, active-duty personnel rely on community banks that understand their unique needs. Community banks comprise more than two-thirds of the 66 banks operating on U.S. Photo by: Dero Sanford. By Judith Sears.

Arkansas 168

Arkansas Community Bank Community Operations 168

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. Commercial clients make up nearly 60% of the loan portfolio at the $850 million-asset community bank based in Bruceton Mills, W.Va. By Mindy Charski. Name: Clear Mountain Bank.

West Virginia 91

West Virginia Virginia Community Bank Community 91

Perficient

NOVEMBER 2, 2020

Many questions and concerns have been floating around the Oracle Health Sciences customer community about Argus Safety’s future on-premises releases. As the next step in that delivery, we expect to provide a new release in 2021 that will extend Premier Support (meaning new patches/releases) for another five years.”.

Strategy 322

Strategy System Community Meeting 322

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

Cisco

APRIL 12, 2022

At the beginning of 2021 there were just over 80,000. In 2021 on net, U.S. However, if branches were truly going the way of dinosaur, then why would JPMorgan Chase open 169 locations in 2021? Yes, JPMorgan Chase was also the sixth-biggest net branch closer in 2021. Optimize branch operations.

America 109

America Customer Experience Operations Survey 109

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. Sherrod Brown, D-Ohio, in the same hearing.

Lending 195

Lending Fraud Operations Ohio 195

PopularBank

JUNE 7, 2021

Popular Bank is proud to invite runners to participate in the 2021 Popular Virtual 5K race. The event challenges participants to complete a 5-kilometer distance at their own pace for a chance to win prizes and support local community organizations with the mission to end domestic violence. Running for a Cause.

Puerto Rico 98

Puerto Rico Florida New York New Jersey 98

Abrigo

FEBRUARY 25, 2022

However, many traditional community lenders will face real challenges meeting their lending goals for more business loans and higher yield, given expected interest rate hikes, higher non-interest expenses, and increasing competition for borrowers. It is the backbone of what many community financial institutions do, and they do it well.

Lending 195

Lending St. Louis Community Survey 195

Independent Banker

NOVEMBER 30, 2022

First National Bank and Black Tech Nation Ventures teamed up to support minority-owned startups in the Pittsburgh community and beyond. Driven by her goal to cultivate a supportive community for diverse tech startups, Kelauni Jasmyn founded the fiscally sponsored nonprofit Black Tech Nation in Pittsburgh in 2018. By Elizabeth Judd.

Company 110

Company Community National Maryland 110

Jeff For Banks

FEBRUARY 12, 2024

Perry's perspective is clearly focused on shareholder value and may be viewed as shareholder primacy, a sometimes derogatory term because pursuing shareholder value could be done at the expense of other stakeholders, such as employees, customers, and communities. i.e. not at the expense of stakeholders.

Columbus 112

Columbus Indianapolis Capital Community Bank 112

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. We asked both leaders and staffers to tell us what makes their community banks stand out as employers. Key Community Bank: Leading by example.

Community Bank 164

Community Bank Community Texas Leadership 164

Independent Banker

JANUARY 31, 2022

Southern Bancorp partners with other community banks to increase loan accessibility and financial literacy to low-income customers. As CEO of Southern Bancorp, Darrin Williams wants to promote relationships between community banks and CDFIs to create more prosperous communities. Better serving its communities.

Community Bank 172

Community Bank Community Leadership Arkansas 172

South State Correspondent

AUGUST 8, 2022

With 100+ public banks reporting, we have more than a representative sample to see 2Q 2022 bank earnings trends and derive some operational insights on bank performance. Fees at banks dropped, primarily driven by mortgage operations, and net interest margin increased by approximately 25 basis points to 3.12%.

Trends 195

Trends Community Bank Community Retail 195

Social Assurance

MAY 24, 2021

Dean Bank underwrote the entire administration cost of the program (approximately $5,000 for the first year), served as the sole purchase location, supported the program through cross-promotion and also purchased gift cards to use in the community. No national chain stores in town were asked to participate so the dollars stay local.

Community 15

Community Cards National Branding 15

PYMNTS

DECEMBER 14, 2020

Safety is our top priority, on and off the mountain, and Square knows this and aligns with POWDR’s Operation Stay Safe, the enhanced POWDR mountain experience that prioritizes the well-being of our staff, guests and community in the midst of the pandemic.”.

Vermont 257

Vermont Nevada Oregon Utah 257

Independent Banker

OCTOBER 1, 2022

College-bound high school students in Massachusetts were asked to complete essays about the intrinsic value of community banks for a chance to win a scholarship from North Easton Savings Bank. They help a community to work towards a common goal of bettering everyone’s lives, which is a quality many larger banks lack.”. “We

Community Bank 91

Community Bank Community Minnesota Massachusetts 91