Independent Banker

DECEMBER 31, 2022

I’ve always been a glass-half-full guy, and though 2023 is expected to be a challenging economic year, it also brings opportunity. We simply need to remember what makes us special as community bankers, and with that as our foundation, we can embrace this season of change in four primary ways: 1. Priorities for a successful 2023.

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Community Bank Community Hawaii Washington 218

Independent Banker

JANUARY 31, 2023

Illustration by Maïté Franchi With educational sessions on hot‑button issues, inspirational speakers and beneficial networking opportunities, ICBA LIVE is the greatest community banking event in the country. Everyone leaves the event with new information in hand to put into action back at their bank.” New connections.

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Honolulu Community Community Bank Leadership 91

South State Correspondent

OCTOBER 26, 2023

There is a rash of bank consent orders that either were just made public or are about to become public that everyone is talking about and have noticeably put a damper on community banks’ enthusiasm for BaaS. Given that the SEC is not far behind, environmental reporting was also common cocktail party content.

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Conference Las Vegas Fraud Case Study 221

Gonzobanker

FEBRUARY 8, 2023

Fintech startups looking for funding in 2023 are finding that it isn’t as easy as it was a few years ago. Community Banks as Venture Capitalists In fact, not all providers of venture capital are venture capitalists. Increasingly, banks are filling the void created by VCs. billion in capital into fintech startups in 2023.

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Community Bank Community Fintech Leadership 98

Cisco

JANUARY 10, 2023

Whether a community bank or a credit union, regional insurer, or multi-national financial institution, cross-functional engagement with champions, key influencers and ultimate decision-makers also helps to eliminate silos inherent in the financial services industry. Accelerated Digital Transformation Framework.

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Digital Strategies Strategy America Innovation 174

Independent Banker

OCTOBER 31, 2022

A convergence of economic and marketplace factors presents community banks with new opportunities for innovation and growth as they look to the new year. For community banks that have yet to start evaluating digital solutions and providers, now is the time to act. Seize the moment to explore innovation.

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Fintech Community Bank Kansas City Community 126

South State Correspondent

JULY 30, 2023

How should community banks target and compare their ROE to the industry and their peer group, and what defines a top-performing bank? Most importantly, is there an ROE level ensuring a bank remains long-term independent and healthy? Bank ROE Historical Performance Total assets for all FDIC-insured institutions was $23.7T

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Community Bank Community Capital Policies 195

William Mills

MAY 30, 2023

BankTech Ventures is the first venture fund created specifically by and for key leaders in the community banking landscape. Launched in 2021, over 100 banks are now part of the fund, with 11 investments already made and over 100 companies in its current pipeline ready to continue fueling the innovation ecosystem for community banks.

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Community Bank Community Innovation Company 68

Independent Banker

DECEMBER 31, 2022

And with 2023, we have no shortage of adventures awaiting us. It’s a challenge to be sure, but it’s one that community banks have previously faced with strength. In fact, this is when community banks shine, bringing stability to customers simply by being relationship bankers who see them and know them.

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Community Bank Community Resources Tools 159

ABA Community Banking

OCTOBER 10, 2023

Julieann Thurlow, ABA’s 2023-24 chair, unites financial inclusion and financial innovation. The post Banking at the intersection of mission and opportunity appeared first on ABA Banking Journal.

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Innovation Leadership Community Bank Policies 122

Abrigo

FEBRUARY 6, 2024

Takeaway 2 Community banks may face challenges seeking reimbursement for breach of warranty claims filed with other FIs. Takeaway 3 Banks and credit unions should leverage new tools to improve check fraud prevention that can ease the burden on their staff and safeguard customers.

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Fraud Training Trends Regional 221

South State Correspondent

JANUARY 30, 2024

The good news is that for many other areas, budgets are lower at banks compared to last year, and the fact that IT is still positive underscores the strategic imperative that banks face to digitize traditional operations, reduce costs, gain scale, and improve the customer experience. Technology-forward banks spend as much as 16.4%

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Capital Operations Customer Experience Comparison 195

Independent Banker

JANUARY 31, 2023

And with 2023, we have no shortage of adventures awaiting us. It’s a challenge to be sure, but it’s one that community banks have previously faced with strength. In fact, this is when community banks shine, bringing stability to customers simply by being relationship bankers who see them and know them.

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Community Bank Community Resources Tools 91

Independent Banker

FEBRUARY 28, 2023

Derek Williams, president and CEO of Century Bank & Trust in Milledgeville, Ga., wanted to be a financier before finding his way to community banking. He has served as president and CEO of $365 million-asset Century Bank & Trust in Milledgeville, Ga., now part of Bank of America, before moving to Griffin, Ga.,

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Community Community Bank Georgia San Antonio 172

Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. It’s certainly an interesting time to be a community bank, but there are still plenty of ways to make efficiencies with an eye on profitability. ? But one of the biggest problems in community banking today is a fear of risk.

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Strategy Community Bank Louisville Community 135

Abrigo

MAY 22, 2024

The Fed’s latest Small Business Credit Survey , conducted in 2023 and released in 2024, found that nearly 60% of employer firms had sought financing in the previous 12 months. As a share of their total assets, community banks have more business loans below $1 million than larger banks, according to numbers from the St.

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Lending St. Louis Community Marketing 195

Abrigo

APRIL 22, 2024

The Fed’s latest Small Business Credit Survey , conducted in 2023 and released in 2024, found that nearly 60% of employer firms had sought financing in the previous 12 months. As a share of their total assets, community banks have more business loans below $1 million than larger banks, according to the St.

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Lending St. Louis Community Marketing 243

Gonzobanker

DECEMBER 19, 2022

Financial institutions that relied on mortgage banking fee income as a key earnings component have been left to make big adjustments. As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. Goes to MVB Financial.

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Community Fintech Industry Innovation 216

Gonzobanker

SEPTEMBER 14, 2023

According to Cornerstone Advisors research, 47% of consumer checking accounts opened in 2023 are at fintech companies or online banks (not traditional banks). As Ron Shevlin , our chief research officer, blogged : “Banks need to stop playing innovation charades. bank’s fintech partners.

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How To New Hampshire Oklahoma Fintech 109

South State Correspondent

OCTOBER 28, 2022

Almost every bank and brand we spoke with will increase their investment in these two areas for 2023. This was followed by a focus on banking-as-a-service, embedded finance, open banking, Web 3.0, Banks are just starting to realize this. This shift means three things for banks –. It is closer to five.

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Conference Technology Las Vegas Trends 195

South State Correspondent

JULY 25, 2022

Most banks included 75bps in rate hikes. Now, stakeholders want to know what the bank has budgeted for the rest of the year? While this faster hiking has been good for bank earnings this year, questions are starting to arise about the bank’s forecast and strategy for 2023?

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Trends Lending Marketing Capital 195

South State Correspondent

SEPTEMBER 20, 2022

The theme was how marketing needs to be better integrated into all facets of the bank, from data to talent acquisition, but how other lines of business can benefit from learning marketing. Bank Marketing Lesson 10: Increase Marketing Budget for 2023. Bank Marketing Lesson 9: Goal Setting – A Common Theme.

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Conference Marketing social media Data 195

PYMNTS

AUGUST 10, 2020

But with a 2023-24 timeframe to implementation, the Fed’s efforts will take a while to cross the Rubicon from concept to reality. Waterhouse said that getting banks to sign on is about showing them the relevant use cases that will drive revenue and even new customer acquisition.

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US Payments Maine System 345

PYMNTS

FEBRUARY 4, 2019

billion by 2023 — a CAGR of 30.9 Community banks and credit unions also offered their backing. They stated that major banks have too much control over the RTP system and that they regarded the Fed as a compelling and more equitable alternative to achieving payments ubiquity. billion in 2018 to $26.9 Dissenting Views.

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Payments System Cards Policies 183

Jeff For Banks

JUNE 2, 2023

//Jeff Marsico remarks to the 2023 New Jersey Bankers' Association Annual Convention: May 19, 2023// Four decades ago, the prolonged savings-and-loan crisis devastated the industry. Between 1980 and 1995, more than 2,900 banks and thrifts with collective assets of more than $2.2 trillion failed. What caused a dot-com bubble?

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FDIC Community Bank Regulation Lending 78

South State Correspondent

MARCH 15, 2023

The ratio would provide a bank’s current core capital position to risk-adjusted assets. Some form of this ratio will likely be applied to the national and regional banks, which means larger community banks will also be judged by this ratio. 9) Brand Matters: SVB had one of the best brands in banking.

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social media FDIC Branding Management 195