South State Correspondent

AUGUST 8, 2022

Insights Based on 2Q Bank Earnings. 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% of their deposits, and small banks were either flat or continued to gain.

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CFPB Monitor

OCTOBER 5, 2022

Federal Reserve Governor Bowman voted against the rule stating: “During the public comment process, community banks raised substantial concerns with the proposal. See the banking industry group February 1, 2022 letter to the Federal Reserve on behalf of the community banks. The final rule will be effective July 1.

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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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South State Correspondent

JANUARY 20, 2023

2022 will go down as one of the worst years for community bank loan mispricing when viewed on a spread basis. Rapidly rising rates crushed performance as many banks held a fixed rate constant and/or booked a fixed rate loan at a misguided level. Banks had tight spreads on loans with 1.2

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South State Correspondent

AUGUST 15, 2023

This article provides an update on pricing trends driven by our Loan Command aggregated community bank data and highlights some working pricing ideas. A combination of credit concerns and funding pressure have most community banks focusing on their existing customers and moving away from new transaction-orientated clients.

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Independent Banker

DECEMBER 31, 2021

Here’s what community banks need to know about these products and how they can take advantage of this model. And FIS predicts BNPL will climb to 3% of global ecommerce revenue by 2023. an enabling bank for BNPL providers like Openpay (see sidebar below). BNPL: The community bank play. By Colleen Morrison.

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ABA Community Banking

JANUARY 22, 2024

Late in 2023, Warsaw Federal — a $71 million mutual savings and loan in Cincinnati — was officially designated as a minority depository institution. The move to MDI status is part of the 130-year-old bank’s pivot to serving its community more deeply while building its capital base to support growth.

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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). Your bank paid money to make available budgeting tools that hardly anyone used. Ditto for retail customers. bank’s fintech partners. Well, guess what?

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PYMNTS

JULY 24, 2018

Synovus Financial announced that it has acquired FCB Financial Holdings, the state’s largest community bank, in a deal valued at $2.9 Synovus said the agreement will make it a top five regional bank, based on deposits. Ford Creates Self-Driving Unit.

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PYMNTS

FEBRUARY 4, 2019

billion by 2023 — a CAGR of 30.9 The report also found that credit cards appear to be the most popular payment medium for online retail, travel bill payments and digital content purchases. . Major retailers such as Walmart and Target were among those who voiced support. billion in 2018 to $26.9 Faster Rails.

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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. Then depositors woke up.

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South State Correspondent

APRIL 10, 2023

CRE Risk Background While ten years ago, community and regional banks use to make up some 55% of the CRE market, in 2023, these banks now compose approximately 72% (below). The risk here is that community banks continue to take on an above-average amount of CRE credit exposure.

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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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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, Any community bank that believes it can keep up and thwart millions of attacks per second is fooling itself.

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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 CSI.

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