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.

Management 195

Management Security Risk Management social media 195

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. This is where Cisco technology can help.

America 105

America Customer Experience Operations Survey 105

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

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

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

Abrigo

JULY 13, 2023

Avoid fraud losses from pig butchering scams FinCrime professionals looking to prevent pig butchering scams in the age of cryptocurrency can follow these steps to tighten security. billion in 2021. Educate customers and members: Provide educational opportunities for your community so they know when to say “no” to investment scams.

Fraud 195

Fraud cryptocurrency Training social media 195

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

PYMNTS

APRIL 14, 2020

“Cisco’s customers and partners are under enormous pressure to keep their businesses connected while remaining productive and secure,” said Chairman and CEO Chuck Robbins in a statement Tuesday (April 14). Beginning in 2021, each monthly payment would equal 3.3 percent of total contract value.

California 151

California Operations Community Software 151

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. Built on a solid foundation.

Florida 91

Florida Community Bank Community FDIC 91

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

PYMNTS

APRIL 4, 2019

In a press release, SWIFT said the community has decided to create the standard in light of multiple planned migrations to ISO 20022. SWIFT said the guidelines laid out by the working group will enable the successful migration of cross-border payments traffic to ISO 20022, kicking off in November of 2021.

Groups 146

Groups Guidelines Community United States 146

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

DECEMBER 30, 2020

Only days ago, startup Spryker secured $130 million for its B2B eCommerce technology, while Mirakl landed $300 million in September, pumping the firm's valuation up to $1.5 The B2B eCommerce space saw some of the biggest investments of the year for B2B FinTechs, a testament to investors' confidence in the evolution of the market.

Online 302

Online Meeting Payments Fintech 302

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

Data 91

Data How To Community Bank California 91

PYMNTS

DECEMBER 29, 2020

Through the use of APIs, these agreements will help provide a seamless and secure data sharing experience for Citi customers who choose to share their financial data with third-party apps and services.". WEX Talks Bank Partnerships To Advance B2B Payments. Radius Bank Ramps Up SMB Services With Narmi.

Fintech 308

Fintech Data User Experience Innovation 308

PopularBank

OCTOBER 28, 2020

The branch closures, which are expected to be completed simultaneously by January 29, 2021, are projected to reduce annual operating expenses by approximately $13 million. Popular is committed to meeting the needs of our customers and communities, guided by our 127-year legacy.

Puerto Rico 52

Puerto Rico New York Metro Community 52

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.

Trends 140

Trends Payments Community Bank Texas 140

PYMNTS

NOVEMBER 11, 2020

That optimism will eventually lead to more accurate and aggressive planning for the first and second quarter of 2021. For example, toy shops are only allowed to operate click and collect or delivery services for the next weeks. During the first series of lockdowns in April and May, “essential” retailers were allowed to stay open.

Retail 141

Retail New Mexico Community National 141

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

JANUARY 13, 2021

Considering the circumstances, it’s impressive that so many of them maintain an optimistic attitude in the New Year, which is exactly the story told in Visa ’s new Back to Business Study — 2021 Outlook. That means a focus on security and finding new ways to work with partners to “see” digital customers who come in the store.

Tools 215

Tools Data Meeting Maine 215

Abrigo

JULY 20, 2021

Even if community businesses don’t end up utilizing the federally guaranteed loans , many small businesses have heard of SBA loans and want to explore them. SBA loan origination can be especially lucrative for community financial institutions now.

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

JULY 20, 2021

Even if community businesses don’t end up utilizing the federally guaranteed loans , many small businesses have heard of SBA loans and want to explore them. SBA lending is especially lucrative for community financial institutions now. Offering SBA lending at the institution is a good way to “get in the door” with good credits.

Lending 195

Lending FDIC Capital Risk Management 195

PopularBank

OCTOBER 7, 2021

Popular Bank Chief Operating Officer Manuel Chinea reflects on Popular today. Popular celebrated turning 128 years old on October 5, 2021. While so much has changed, what remains the same is that we are more committed than ever to providing exceptional service to our customers and communities.

Puerto Rico 52

Puerto Rico Virgin Islands Community United States 52

PYMNTS

JANUARY 15, 2021

Digital game platform operator Roblox plans to go public on the New York Stock Exchange next month by a direct listing. Treasurers will be taking important lessons from 2020 into 2021 as they continue on their modernization path. Decoding QR Codes: Retailers Embrace Simple, Secure Touchless Payments Option.

Retail 145

Retail New York Security Resources 145

Independent Banker

OCTOBER 31, 2021

Community bankers tell us why. In early 2021, the $490 million-asset community bank launched its Finastra Consumerbot product, which offers online applications for consumer loans for items like boats and vehicles. Community bankers are increasingly recognizing that the future of digital lending is here.

Lending 91

Lending Community Bank Community North Dakota 91

Independent Banker

SEPTEMBER 30, 2021

Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions. But for most community banks, building a trustworthy brand isn’t a conscious effort. But for most community banks, building a trustworthy brand isn’t a conscious effort.

Community 139

Community Community Bank social media Security 139

Independent Banker

AUGUST 31, 2022

Community banks can get up to speed on current legislation and regulations to both protect their customers from unauthorized or false deposit account transactions and to prevent them from happening in the future. What should a community bank do about erroneous, fraudulent or unauthorized transactions reported on a consumer’s deposit account?

Community Bank 91

Community Bank Regulation Community Training 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

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

Abrigo

NOVEMBER 11, 2021

The June 2021 release of the Financial Crimes Enforcement Network ( FinCEN) Priorities makes this clear in naming cybercrime as one of the eight national anti-money laundering and countering the financing of terrorism (AML/CTF) priorities. This may include community financial institutions and credit unions. financial institutions.

Fraud 195

Fraud cryptocurrency System Trends 195

Abrigo

NOVEMBER 11, 2021

The June 2021 release of the Financial Crimes Enforcement Network ( FinCEN) Priorities makes this clear in naming cybercrime as one of the eight national anti-money laundering and countering the financing of terrorism (AML/CTF) priorities. This may include community financial institutions and credit unions. financial institutions.

Fraud 195

Fraud cryptocurrency System Trends 195

PYMNTS

AUGUST 27, 2019

Such a move would enable people in need of such space – for, say, retailers or warehouses – to bypass the brokers typically involved in securing that real estate. And investors are still pouring capital into companies operating in the sector. As well, the sharing economy lacks some mandates from above.

Denver 134

Denver Analysis Trends Resources 134

Cisco

SEPTEMBER 15, 2020

With increasing demand creating resource constraints for IT operators, it is imperative to take advantage of the most efficient tools & methods available. Whenever an IT support operation must manage the ever-changing landscape of systems, it seems “fire’s” in the form of critical response events occur.

Oregon 62

Oregon Tools Operations Community 62

Gonzobanker

DECEMBER 22, 2020

And how did community banks and credit unions respond to the COVID craziness? By creating secure and productive remote work environments for employees and helping their teams deal with the stress of working at home (with kids learning from the same house, spouses working in the next room, and myriad other pressure points).

Idaho 170

Idaho Community Industry Strategy 170

PYMNTS

MAY 28, 2019

By 2021, close to 90 million – or 86.5 million buyers who operate in industries such as website development, logo design and blog writing. The company recently filed paperwork with the Securities & Exchange Commission (SEC) to go public on the New York Stock Exchange.

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. Such commitments include: A commitment to submit an annual report to the FDIC on the Covered Company’s operations and activities that contains specified information. The final rule makes the following substantive changes to the proposal: Scope.

FDIC 78

FDIC Industry Policies Company 78

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. and one of two operators of the ACH network in the U.S., The Fed, in this scenario, would own and operate a new set of non-bank, non-card rails.

Payments 201

Payments Cards Operations System 201