article thumbnail

How to prepare for FedNow: 5 Steps for your financial institution

Abrigo

The FedNow Service enables community financial institutions to stay competitive by meeting instant payment demands. Would you like other articles like this in your inbox? Many of Abrigo's 2,400 community bank and credit union clients plan to incorporate the FedNow Service into their product offerings.

How To 243
article thumbnail

What is the ROI of a Banking Conference?

Jeff For Banks

I wrote most of this article early on a Saturday morning during the business session at one of the conferences. Back in 2015, almost nine years ago, I wrote an article about banks building their own small business loan platforms. I still find this to be a challenge at community banks. Purposeful Education.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Silicon Valley Bank Failure – Lessons in Interest Rate Risk Management

South State Correspondent

The abrupt collapse of Silicon Valley Bank (SVB) is a stunning example of bank leadership not understanding interest rate risk, running into trouble with an inverted yield curve, and ignoring the impact of a severe monetary correction on long-duration assets.

article thumbnail

Important Considerations When Growing the CRE Portfolio

Abrigo

In a survey of community banks and credit unions at the 2016 Sageworks Risk Management Summit, 42 percent of respondents said Commercial Real Estate, or CRE, lending was their primary focus for loan portfolio growth. This reflects a larger industry trend. For many, commercial real estate lending may be the ticket.

article thumbnail

Why now is the time to update your bank’s corporate governance

Independent Banker

During the pandemic, many community banks needed to change how they operated. For this and other reasons, now is a good time to review and refresh articles, bylaws and committee charters to ensure resilience and bolster risk management. Oregon Pacific Bank had to close lobbies and send half of its workforce home.

Oregon 91
article thumbnail

Get These EOS Tools for Banking

South State Correspondent

In the last article, we covered the basics of EOS ( HERE ), the Entrepreneurial Operating System, and how some banks use it to improve productivity. EOS is a comprehensive business system that empowers a leadership team to run a more successful bank. The L10 Meeting is a core part of the EOS.

Tools 195
article thumbnail

How To Improve Uninsured Deposit Performance

South State Correspondent

While every bank is now tracking the general metric, only a few banks monitor deposit performance in the category. Some small banks, for example, do nothing more than have their CEO call the largest depositors twice per year to check in and thank them. This is one of the great mysteries of community banking.

How To 195