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 147

Fintech Strategy Leadership Lending 147

Independent Banker

APRIL 30, 2022

Independent Banker’s annual listing top-performing community banks of 2021 alongside interviews with some of the winners. On the next pages, you’ll find our listings of the top-performing community banks of 2021 alongside interviews with some of the winners. Brazos National Bank. Douglas National Bank. Philadelphia.

Community Bank 172

Community Bank Community Montana Taxes 172

Cisco

JUNE 7, 2022

In between these events, a different crisis began in the US sub-prime lending market. It also put an even greater emphasis on cyber risk management within institutions and financial regulatory agencies. Nation-states will influence the financial services supply chain. Regulatory Agencies Step Up. Takes Partners.

Risk Management 118

Risk Management Management Cyber Security Handbook 118

Independent Banker

NOVEMBER 30, 2021

Within that tightly knit group, there’s the bank’s leadership team, comprising president and CEO Greg Dennis, chief lending officer Jon Girard, vice president of operations and compliance Kristine Hendrickson, and executive vice president and chief financial officer Michele Boeder. Greg Dennis, Key Community Bank. “We Pascagoula, Miss.

Community Bank 164

Community Bank Community Texas Leadership 164

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

Abrigo

DECEMBER 1, 2020

After Turbulent 2020, Ag Lenders Look to 2021 Understanding credit risk in current ag loan portfolios will also be key to ag lenders' solid returns. . Takeaway 1 For solid ag lending returns, focus on assessing credit risk in current portfolios and effective pricing. . A tricky year for farmers, ag lending. Pandemic Impact.

Lending 195

Lending Survey Operations Payments 195

PYMNTS

JANUARY 25, 2021

Global FDI dropped by 42 percent last year, and COVID-19 will keep impacting it in 2021, according to a UNCTAD report, as China reaps more foreign funds than the United States. 55-Plus Group Lends Optimism To Travel Operators. FDI dropped to $859 billion in 2020 from $1.5 trillion in 2019.

United States 217

United States Regulation Payments Lending 217

Abrigo

FEBRUARY 24, 2022

As described in the first post of this series , a key component of effective asset/liability management (ALM) is managing risks. ALM 101: Introduction to Asset/Liability Management. Takeaway 3 Two methods of measuring short-term interest rate risk are a gap analysis and, more commonly, an income simulation. Earnings at Risk.

Management 195

Management Analysis Strategy Policies 195

Abrigo

OCTOBER 17, 2022

Shannon passed away in 2021 after her diagnosis in 2017. and in bank technology nationally. He was named an Ernst & Young LLP (EY US) Entrepreneur of the Year 2021 Central Texas Award Winner.

Texas 370

Texas Leadership Austin Raleigh 370

Jeff For Banks

DECEMBER 29, 2021

As a point of reference, the S&P US BMI Bank Total Return Index for the five years ended December 27, 2021 was 60.4%. billion at September 30, 2021. What is unique is, after reviewing the management team and board, there are people of Korean, Malaysian, Indian, and Chinese descent in leadership positions.

Capital 78

Capital Texas Metro North Carolina 78

South State Correspondent

APRIL 12, 2022

Recently, JP Morgan Chase released its 64-page 2021 shareholder letter and 340-page annual report. The bank aims to be a responsible citizen at the local level in every community where it lends and takes deposits. Total 2021 bank revenue was $122B, and loans outstanding were just over $1T. Despite JPM enormous size ($3.7T

Community 195

Community Community Bank Leadership Lending 195

Independent Banker

JUNE 30, 2022

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. Here, we highlight some of last year’s most successful loan producers in the areas of agriculture, commercial and consumer/mortgage lending. By Ed Avis.

Community Bank 172

Community Bank Community National Philadelphia 172

FICO

JUNE 27, 2022

FICO® Resilience Index Can Improve Card Account Management. The New York Fed’s new report provides insight that credit card balances increased by $52 billion in the fourth quarter of 2021 and are only $71 billion off of pre-pandemic highs. FICO’s analysis of a representative national sample of U.S. by Brendan LaCounte.

Management 52

Management Cards New Mexico Albuquerque 52

PYMNTS

DECEMBER 28, 2020

In Mercado’s home nation of Brazil, he describes the last eight months as a “fundamental transformation” in a conversation with PYMNTS’ Karen Webster. Has it been ten years of change packed into one, as some have speculated? Brazil at the beginning of last year was a different Brazil, for sure,” he said. Creating Credit Scores Out Of Data .

Lending 220

Lending Data Marketing Regional 220

South State Correspondent

JULY 10, 2023

In a National Bureau of Economic Research paper (working paper 31166), the authors (McPhail, Schnable, Tuckman) analyzed individual swap positions for the largest 250 US banks. Currently, 23% of banks use interest rate hedges to manage some risk, up from 2% in 1985. years in 2021 (and has increased since then).

Community Bank 195

Community Bank Community Tools Management 195

PopularBank

MAY 25, 2021

Popular Bank Senior Vice President and Director of National Healthcare Financing Andrew Boland joined fellow industry leaders for the Environmental Banker Association (EBA) panel discussion How COVID Changed Senior Living & Care Underwriting. Those first couple of months, we were in crisis management mode.”.

National 52

National Industry Lending Strategy 52

FICO

AUGUST 29, 2022

Each year, we provide insight into the national average FICO ® Score to help ensure consumers have a baseline measure of credit health standing. FICO® Scores are dynamic and evolve as changes in consumer behavior are reflected in the underlying credit bureau data housed and managed by the three primary U.S. by Ethan Dornhelm.

Payments 98

Payments National San Diego Analytics 98

South State Correspondent

MAY 13, 2024

The major themes of fraud, artificial intelligence (AI), expansion of instant payments, open banking, and regulation were particularly relevant to your roles as executives, risk managers, compliance officers, and technology leaders. As such, the National Security Agency (NSA ) is calling for banks to be compliant by 2030.

Conference 195

Conference Payments Fraud Data 195

South State Correspondent

JANUARY 4, 2023

Popular projects for 2023 include online loan and deposit onboarding utilizing third-party data to speed the process, compliance-as-a-service, payments, card controls, service case management, leveraging data for customer insights, and providing open banking APIs to customers. Remember all those five-year fixed-rate loans you booked at 4%?

Community Bank 195

Community Bank Capital Training Lending 195

South State Correspondent

JANUARY 16, 2024

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. introduced a LIBOR alternative in March of 2021 (called BSBY). We believe that our program offers an advantage against the national banks.

Community Bank 195

Community Bank Community Compliance CA 195

Independent Banker

JANUARY 31, 2022

“There’s really not a lot we can’t do,” says Travis Edlund, senior vice president and regional manager of the San Antonio market for Amarillo National Bank. Amarillo National Bank (ANB) in Amarillo, Texas, plans to open its first full-service retail branch in the home of the Alamo this year, but the $7.6-billion

Texas 182

Texas San Antonio Community Bank Community 182

Abrigo

JULY 16, 2021

FinCEN Releases 8 AML/CFT Priorities These priorities were published June 30, 2021, highlighting several areas of heightened risk for the U.S. These priorities were published June 30, 2021, highlighting several areas of heightened risk for the U.S. financial system and national security. Lending & Credit Risk.

Community 195

Community Regulation Training Policies 195

CFPB Monitor

NOVEMBER 22, 2022

The report was issued in response to President Biden’s July 2021 Executive Order on promoting competition. The report attributes the risk that such schemes will arise to bank/fintech relationships that “lack proper regulatory oversight or principles for responsible lending.”

Fintech 78

Fintech Report Data Lending 78

CFPB Monitor

NOVEMBER 4, 2022

The FHFA cites 2021 appraisal statistics that reflect a rate of undervaluation of 13.4% The FHFA also notes that in 2021 on a national basis, 15.2% The FHFA notes that while “controlling for observable characteristics may explain some of the gap in undervaluation between White and. in White tracts, 19.2% in high minority tracts.

North Carolina 78

North Carolina Charlotte Compliance National 78

PYMNTS

OCTOBER 9, 2018

Experts say the move will not go unnoticed when the accounting standards begin to take effect for public companies in 2021. “Private companies are starting to realize it’s not business as usual,” said Deloitte Private Enterprises Managing Partner Mark Davis in an interview with Accounting Today last week.

Community Bank 153

Community Bank Community Report Lending 153

Independent Banker

AUGUST 31, 2022

Daniel Galindo, pictured, and Doug Schaeffer of Woodforest National Bank helped involve the community bank in providing funding for and access to affordable housing. Name: Woodforest National Bank. Doug Schaeffer, Woodforest National Bank. Doug Schaeffer, Woodforest National Bank. By Aileen McDonough. Assets: $9 billion.

Austin 91

Austin Texas Community National 91

Independent Banker

JULY 31, 2022

What also sets Locality Bank apart from existing financial institutions in its market is that its board and management have a “first principles mindset, one where we set out to create the bank from the start to serve the needs of the local business community,” says Keith Costello, president, CEO and one of Locality Bank’s cofounders.

Florida 91

Florida Community Bank Community FDIC 91

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. Illustration By blindSALIDA. What changes will 2022 bring? Click to enlarge.

Community Bank 144

Community Bank Community Lending Louisiana 144

CFPB Monitor

MAY 3, 2021

As discussed in our earlier bl og , the Senate Banking, Housing and Urban Affairs Committee held a hearing on April 28, 2021 entitled “The Reemergence of Rent-a-Bank?”. Since the non-bank entity frequently is a fintech, these arrangements often are referred to as bank-fintech partnerships or marketplace lending arrangements.

North Carolina 60

North Carolina Lending National District of Columbia 60

Abrigo

JUNE 4, 2019

The Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Board of Governors of the Federal Reserve System (FRB), and the Office of the Comptroller of the Currency (OCC) have put out a joint statement addressing many frequently asked questions about the new standard. Non-PBE: December 15, 2021.

Policies 186

Policies Capital Report FDIC 186

FICO

FEBRUARY 21, 2023

Expectations from Visa are that the GDP will turn negative once again in Q1 and Q2 of 2023 leading The National Bureau of Economic Research to declare a recession. from November 2021 to November 2022) and the unemployment rate is expected to rise to 4.6% compared to December 2021 with average monthly spend staying flat.

Trends 52

Trends Industry US Cards 52

FICO

JUNE 1, 2023

The National Association of Realtors reported that sales of previously owned homes declined 2.4% Compared to Q4 2021, the average interest rate on general purpose credit cards has increased nearly 800 basis points (Source: Federal Reserve G.19 Visa is predicting negative GDP in Q2 and Q3 with a return to growth in Q4 2023.

Trends 52

Trends Industry US Cards 52

Gonzobanker

FEBRUARY 8, 2022

Just think of these figures: in 2021, banks spent $80 billion on technology (source: Cornerstone Advisors) but at the same time fintech raised an incredible $140 billion to reimagine and disrupt the industry (source: Financial Times Financials). Technology Management Breaking the Bank? A new frontier of efficiency will arrive.

Fintech 167

Fintech Customer Experience Conference Technology 167

Independent Banker

JANUARY 31, 2022

Relyance is working to increase its mortgage lending but sometimes isn’t able to make loans for some customers. In the wake of the murder of George Floyd and the subsequent national unrest, Williams talked with other business leaders about ways to close the racial wealth gap. 2021, Southern Bancorp partnered with $23.2

Community Bank 172

Community Bank Community Leadership Arkansas 172

South State Correspondent

JULY 25, 2022

Top Line Revenue & Lending. Stakeholders want to know that you understand how the rise in rates and the shape of the yield curve impact earnings and your asset-liability management (ALM). Loan Rate Mix: How are you managing interest rate risk? How are you doing on the common digital transformational initiatives listed below?

Trends 195

Trends Lending Marketing Capital 195

Gonzobanker

DECEMBER 22, 2020

Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. 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. Remember that?

Idaho 181

Idaho Community Industry Strategy 181

Gonzobanker

MAY 17, 2022

As technology buyers, banking executives need to up their game on tech purchases and technology performance management. In this structure, major players got really good at scaling for efficiency and financing and managing a portfolio of acquisitions. In 2021, the Standish Group reported that 83% of I.T.

Technology 145

Technology Regional Community Bank Community 145