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New ICBA chairman Derek Williams’ commitment to community

Independent Banker

wanted to be a financier before finding his way to community banking. Photo by Harold Daniels Derek Williams, president and CEO of Century Bank & Trust in Georgia, is bringing his passion for community banking to his term as ICBA chairman for 2023/24. now part of Bank of America, before moving to Griffin, Ga.,

Community 172
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If You Are Tired of Being Transactional, You Need A Hedge Program

South State Correspondent

An inverted yield curve, continued bank failures, and the desire to manage risk and offer clients higher service are all factors that are driving more community banks to adopt a loan hedge program. Community banks’ main goals are to diligently support their local communities and make an acceptable return on capital in these challenging times.

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If You Are Tired of Being Transactional, You Need A Hedge Program

South State Correspondent

An inverted yield curve, continued bank failures, and the desire to manage risk and offer clients higher service are all factors that are driving more community banks to adopt a loan hedge program. Community banks’ main goals are to diligently support their local communities and make an acceptable return on capital in these challenging times.

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3 ways for community banks to capitalize on the “buy local” movement

Abrigo

These large corporations are found in almost every town in America. Today’s youth and others across all age groups are placing a significant importance on consuming local food, developing local relationships and improving local communities. This is great news for community banks. This is great news for community banks.

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Bank Of America Adds $4B To Reserves Even As COVID Boosts Mobile And Digital Users

PYMNTS

Bank of America reported Thursday (July 16) that that the number of customers using the firm’s mobile and digital platforms grew during the second quarter even as the pandemic raged. Bank of America also reported that sales and trading revenue rose 35 percent to $4.4 BofA said its provision for credit losses hit $5.1 billion for U.S.

America 144
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From Community Hubs To In-Store Theater, Retailers Double Down In Digital At NRF

PYMNTS

There’s been a real behavior shift over to digital [and] that won’t go away,” said Celeste Burgoyne , president, Americas and global guest innovation at lululemon. “At Over the past 10 months, that embrace has been retooled and refined to the point where today the IT department appears to be embedded in the marketing department.

Community 269
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Community Boomer App Umbrella Raises $5 Million

PYMNTS

An app meant to promote community for baby boomers called Umbrella has raised $5 million in a seed round led by Thrive Capital, with participation from Alphabet’s Sidewalk Labs, Refactor Capital, Trailmix, Box Group and others. The startup was co-founded by CEO Lindsay Ullman and President Sam Gerstenzang.

Community 100