Independent Banker

MARCH 31, 2022

After a historic tornado rocked western Kentucky last December, a host of community banks banded together in the spirit of generosity, using their financial power to start relief funds and bolster rescue efforts for local victims. 10, 2021, was like any other day for the people of Mayfield, Ky., By Paul Sisolak. Friday, Dec.

Kentucky 163

Kentucky Community Bank Community Wisconsin 163

PYMNTS

DECEMBER 14, 2020

The new tool is available to Dashers in select regions across the East Coast. The rollout of this new tool is part of DoorDash’s Main Street Strong Pledge , which is designed to give Dashers financial empowerment while also empowering local communities. A nationwide launch is planned for early next year. . The Washington, D.C.

Tools 238

Tools Washington New York Maine 238

BankUnderground

JANUARY 26, 2023

Yet between March 2020 and December 2021 (‘the pandemic’), housing prices grew in the UK, reaching at the time their highest growth rate in a decade. First, housing prices continued to grow across all UK regions through the pandemic. Martina Fazio and Gary Harper During recessions, and indeed pandemics, housing prices usually fall.

Regional 101

Regional Analysis Policies Trends 101

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

PYMNTS

OCTOBER 9, 2020

The Clarksville and Hendersonville communities, which are near Nashville, Tennessee, are the anticipated homes of the first two popshelf locations. Plans are in place to have roughly 30 locations in different markets before the conclusion of fiscal year 2021.

Nashville 109

Nashville Alabama Tennessee Phoenix 109

PYMNTS

FEBRUARY 20, 2020

“Technology is changing the nature of traditional finance; the non-bank sector has grown, and requires deeper understanding and coordination among the supervisory and regulatory community. The FSB also conducts outreach with approximately 70 other jurisdictions through its six Regional Consultative Groups.

cryptocurrency 194

cryptocurrency Meeting Conference Regional 194

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

South State Correspondent

AUGUST 8, 2022

Insight #1 – Deposit & Margin Management: Deposit runoff has started and will make it to community banks by October. For 2Q, larger community banks lost about 0.3% More to this point, community banks will see increased competition from online-only banks. Insights Based on 2Q Bank Earnings. By 1Q, this will start to change.

Trends 195

Trends Community Bank Community Retail 195

Independent Banker

JULY 2, 2022

But instead of touting its own accomplishments during its 150th anniversary, FNB turned the spotlight onto another cherished community institution: the Fort Smith Boys & Girls Club. The clubhouse at the Jeffrey location, a community gathering place since 1978, was in dire need of improvements. Putting community first.

Arkansas 91

Arkansas Community Community Bank National 91

PYMNTS

FEBRUARY 7, 2019

BBT ) announced a $66 billion merger Thursday (February 7), combining the two regional banks. He will remain in that role until September 12, 2021. Together with Bill’s leadership and our new SunTrust teammates, we’re going to bring the best of both companies forward to serve our clients and communities.”. SunTrust Banks Inc. (

Charlotte 149

Charlotte Leadership Regional Community 149

PYMNTS

JUNE 22, 2020

This creates an exciting opportunity for the communities that surround these properties.”. Writing in NJ Biz, Linfante points to the mall anchors and other tenants that have already closed, expressed financial concerns or filed for bankruptcy that will lead to significant challenges will be faced by regional malls.

NJ 132

NJ New Jersey Illinois Retail 132

Independent Banker

JANUARY 31, 2022

Here’s how four community banks are thriving in this environment. This region has the kind of energy that draws people to a place and helps them and their businesses thrive. That year, installations further south, in the region that includes Brownsville and Corpus Christi, supported an estimated 41,000 jobs and contributed about $4.6

Texas 182

Texas San Antonio Community Bank Community 182

CB Insights

AUGUST 26, 2021

It’s starting to see big payoffs from some of its bets, such as South Korea-based e-commerce giant Coupang , which went public in March 2021 at a $56.6B So far in 2021, SoftBank is investing in a record number of deals. So far in 2021, SoftBank is investing in a record number of deals. First name. Company name. Phone number.

Regional 94

Regional Fintech Analysis Company 94

Perficient

MARCH 10, 2022

Acquia recently announced the winners of its 2021 Partner Awards. We’re delighted to share that Perficient received the Outstanding Partner Contribution award for our outstanding performance in Drupal Cloud for 2021. The Acquia Partner Awards recognize 17 outstanding partners across four global regions.

Customer Experience 474

Customer Experience Innovation Regional Community 474

PYMNTS

JANUARY 25, 2021

And those that step up to partner with the SMB community, he noted, are taking on a significant task. A challenge, as highlighted in a recent WEF report , is not evenly met in all regions of the globe. And we can try to do it alone or we can join efforts and strengths with like-minded partners,” Miebach wrote. And they’re working.”.

Community 234

Community Industry US Regional 234

PopularBank

APRIL 3, 2024

higher in 2022 than in 2021. Review fees and fee structures to determine the optimal pricing model for the community. A financial partner can help assess if a rental-based model (with or without a community fee) or a co-op structure would make the most sense. Rehabbing and modernizing existing senior housing are key.

Community 52

Community Operations Arizona United States 52

Gonzobanker

MAY 17, 2022

For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. In 2021, the Standish Group reported that 83% of I.T. Community banks, regional players, and credit unions are all in the fight of their lifetime with the need to transform their business.

Technology 134

Technology Regional Community Bank Community 134

Abrigo

SEPTEMBER 10, 2021

See Part I: Implications for Community Financial Institutions. If that wasn’t enough on the shoulders of FinCrime professionals, the Anti-Money Laundering Act of 2020 (AMLA) was passed on January 1, 2021, to strengthen and modernize the BSA, and is expected to bring about the most substantial changes within the BSA since the USA PATRIOT Act.

Training 195

Training Risk Management Pennsylvania Resources 195

Gonzobanker

FEBRUARY 8, 2022

Maybe instead of Acquire or Be Acquired, this conference should be called Evolve or Be Acquired,” observed Eric Sprink, CEO of Coastal Community Bank in Everett, Wash., The grassroots of community and regional banking will no longer be vanilla operations geographically focused. price/book multiple.

Fintech 165

Fintech Customer Experience Conference Technology 165

South State Correspondent

JANUARY 4, 2023

Many community banks have an inherent strategic advantage in bringing a new product to market faster than a national bank, yet they squander their position. As a result, national banks are eroding the customer base of the community bank. Consider that in 2021, Chase and Bank of America controlled approximately 33.9% Conclusion.

Community Bank 195

Community Bank Capital Lending Training 195

Gonzobanker

JULY 6, 2021

It has become crystal clear that digital transformation is now the largest technology initiative for regional and community financial institutions. Maybe this is the new reality for community bankers, but Cornerstone Advisors is seeing little evidence that they’re serious about implementing a comprehensive digital strategy.

Strategy 155

Strategy System Risk Management Technology 155

CFPB Monitor

SEPTEMBER 30, 2021

To ensure that the FTC’s efforts are directed at the most significant harms across markets, including those involving marginalized communities, the agency should focus on “power asymmetries” and the unlawful practices that such imbalances enable. Mr. Levine had been serving as Director in an acting capacity since June 2021.

Illinois 78

Illinois Policies Tools Regional 78

PYMNTS

APRIL 21, 2017

The international commerce boom may be best exemplified over the last month by activity in the Asia-Pacific region, with South China’s eCommerce industry set to be worth roughly $839 billion by 2021. .

blockchain 102

blockchain Denver Regional Trends 102

American Banker

JANUARY 27, 2021

Acquisitions of wealth management, insurance, fintech and other firms are expected to pick up as banks seek new sources of fee income and look to improve digital capabilities.

Fintech 69

Fintech Management Community Bank Regional 69

PYMNTS

MARCH 26, 2020

to help bailing out their SMB customers, with some regional financial institutions (FIs) already taking action. In Massachusetts, community FI Eastern Bank announced a $10 million commitment aimed at facilitating aid to SMBs as well as consumers and nonprofits affected by the coronavirus. Fed Calls On Small Banks.

Payments 173

Payments Pennsylvania Kansas City Wyoming 173

PYMNTS

MARCH 17, 2020

In addition, dynamic pop-up, cultural, artistic or community-oriented programming aligned with these goals will be encouraged to ensure that the space functions as a vibrant asset and experience for residents and visitors,” according to the statement. has hiked the normal commercial property tax rate on vacant property from between $1.65

Retail 135

Retail Arlington San Francisco Milwaukee 135

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

Abrigo

OCTOBER 9, 2019

In a recent survey by the National Association for Business Economics, 74% of economists who responded expect a recession by the end of 2021. Regulatory communities and auditors want to see that CECL and stress testing remain as consistent as possible across the organization. According to economists, a recession is looming.

Data 150

Data Exercises Software Tools 150

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

PYMNTS

NOVEMBER 11, 2019

The 350,000-square-foot facility is planned for Westborough, Massachusetts, a community roughly 35 miles west of Boston. Amazon expects to open the facility in 2021 as a mixed-use corporate location that will feature offices and manufacturing space, as well as research and development labs.

Apple 101

Apple Massachusetts Data Cards 101

South State Correspondent

MAY 9, 2022

In our previous article ( HERE ), we reviewed the banking industry’s cost of funding earning assets (COF), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle. percentage points to 67.52% from the end of 2019 to the end of 2021. from 2019 to 2021.

Community Bank 195

Community Bank Community Industry Online 195

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. ISMs and regional Fed surveys have been mostly negative for months on end. M2 growth was out of control at over 20%.

Marketing 145

Marketing Policies Report Atlanta 145

South State Correspondent

MARCH 28, 2024

By partnering with community leaders, state and federal agencies, local commissions, and commercial customers, banks can be an effective conduit to leverage this public capital better while making sure the funds are fully utilized effectively in the communities we serve.

America 195

America Strategy Taxes Community 195

South State Correspondent

APRIL 24, 2022

Banks have ceased using LIBOR to price assets and liabilities after 2021. However, some community banks are still deciding on the correct term lending index to adopt. We believe that having more options for community banks is beneficial. There are three term indices available to community banks: SOFR, BSBY, and Ameribor.

Lending 195

Lending Community Bank Community Marketing 195

Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. Since COVID-19, profitability planning for community banks has mainly hinged on how the government was coping with the pandemic and the key role financial institutions played in keeping the economy afloat. By Elizabeth Judd.

Strategy 135

Strategy Community Bank Louisville Community 135

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. is among the community banks carefully navigating the new landscape.

Missouri 142

Missouri Community Bank Community Management 142

CFPB Monitor

APRIL 22, 2021

Comments on the new proposed Q&As are due by May 17, 2021. Based on questions received by the Agencies regarding private flood insurance rules that went into effect on July 1, 2019, the new proposal includes 24 proposed Q&As on private flood insurance.

Policies 60

Policies Compliance Meeting Regulation 60