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Higher Rates – Faster for Longer

South State Correspondent

We believe that the real risk is that inflation does not meet the Fed’s 2.00% goal until much later, and the interest rates remain elevated for longer than the current Fed’s projection of 2026. Application to Community Banks. A second significant risk for community banks is repricing risk.

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Recap of Money 20/20 USA 2023 and 10 Banking Thoughts

South State Correspondent

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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OceanFirst in N.J. Issues $35M in Subordinated Debt

American Banker

The debt will mature in 2026. The $4 billion-asset company said in a press release Friday that the notes will bear an initial fixed interest rate at 5.1%.

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Great Southern Issues $50M in Subordinated Debt

American Banker

billion-asset holding company said in a press release Monday that the fixed- to floating-rate subordinated notes are due in 2026.

Company 28
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The Future of Checks – Tales From The Crypt

South State Correspondent

As check volumes continue to decline as instant payments take hold and fraud increases, we predict the cost per check will hit over $15 per check by 2026. We predict that banks will realize this at the end of 2024 and become more proactive in moving their customers off checks and onto ACH and instant payments.

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Take Me Out To The (Payments) Ball Game

PYMNTS

All in, Wright noted, it adds up to a big opportunity for minor league baseball — and a big goal: to increase its fan base to 50 million by 2026. But because of FIS’s work with community banks and businesses, we are partners ideally suited to work together, even if banking and sports aren’t a combination that immediately springs to mind.”.

Payments 101
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Guest Post: 3rd Quarter 2022 Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

The LHC restarted on July 5, 2022 and will run for four years until being shut down for maintenance in 2026. Jaworski 08/17/22 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, risk management, and financial analysis.