South State Correspondent

MARCH 6, 2023

In an article last week ( HERE ), we discussed why real estate loans underwritten at common debt service coverage ratio (DSCR) and loan-to-value (LTV) levels may quickly become substandard credits if capitalization (cap) rates normalize, as expected because interest rates are rising. debt yield ratio ($135k divided by $1.5mm).

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South State Correspondent

SEPTEMBER 20, 2023

In this article, we discuss cash management profitability and rank the most profitable industries for banks to go after. The value driver in cash management is that it is usually some sort of operating account at the bank. As such, operating accounts have low-interest rate sensitivity.

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South State Correspondent

MARCH 30, 2023

While desiring to bank everyone in your community is noble, it can be a poor use of resources. Not to say you want to ignore parts of your community, but why not focus more of your resources on those industries that will make your bank more profitable? They are also more plentiful. there are more than 8,000 trade associations.

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South State Correspondent

MARCH 21, 2023

The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. This article breaks down how you can use the ERC Assist product to generate deposits in an innovative way. This will raise public and regulatory questions about ERC operations.

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Taxes Community Bank Community Operations 195

Perficient

JANUARY 28, 2021

This article was co-written by Iman Watson, senior solutions architect, and Kailey Hughes, lead development representative. You can get involved at home, at work, and in your community. See open jobs or join our talent community for career tips, job openings, company updates, and more! READY TO GROW YOUR CAREER?

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Abrigo

MAY 5, 2022

Would you like other articles like this in your inbox? Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S. Main Street Banking: A Podcast for Community Bankers 8. And all release a new episode at least monthly. Takeaway 2 With 2.8 BankTalk 3.

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South State Correspondent

DECEMBER 8, 2023

The need to reduce cost, the move to instant payments, and the need to deliver more unique products and services are all driving this effort at credit unions, community banks, and mid-sized banks. Many banks were looking to install more automation to lower operating costs. However, banks differed in how to get there.

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Conference Retail Community Bank Technology 195

Abrigo

AUGUST 20, 2021

Would you like others articles like this in your inbox? The FBI explains TOC groups are “self-perpetuating associations of individuals who operate, wholly or in part, by illegal means and irrespective of geography.” Start with Part 1: Implications for Community Financial Institutions. Takeaway 2 The U.S. It is also growing. .

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South State Correspondent

MARCH 16, 2022

In this article, we focus on prepayment provisions and look at how a past gold medal winner does it. Many community banks will market their fixed rate loans based on the simplicity of the prepayment provision, and this starts by understanding the value that each provision creates. Prepayment Provisions Not Penalties.

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How To Community Bank Community National 195

Abrigo

NOVEMBER 17, 2023

The true cost of fraud goes beyond the initial reported fraud losses Would you like other articles like this in your inbox? While some of the recent trending fraud schemes are not new, they have been transformed to prey on communities already dealing with unprecedented times. Measuring the cost of fraud losses.

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Fraud Training Trends Compliance 195

South State Correspondent

JULY 5, 2022

In this article, we analyze why 75% LTV may not protect banks from credit risk on commercial loans and why there is only one source of loan repayment. . We concluded that obligors showing less than 1.50X DSCR would be most at risk, but the average community bank underwrites to 1.20X DSCR. Background. in December 2021).

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PYMNTS

OCTOBER 9, 2018

.” “There is no doubt that the lease accounting standards will add new complexities to a broad range of business functions, including sales, lending, contracting and financial reporting,” wrote Whitney Schiffer, CPA, in an article last week for accounting and advisory firm Berkowitz Pollack Brant.

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Abrigo

AUGUST 26, 2015

This is the sentiment of several high-profile executives regarding the National Credit Union Administration’s (NCUA) stance on examination cycles for credit unions. Earlier this spring a bill was proposed in Congress to allow more community banks take advantage of a longer exam cycle. “… it’s not 2008.”.

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Abrigo

JUNE 5, 2015

In a recent Forbes article, Frank Sorrentino, Chairman and CEO of ConnectOne Bank, offered his take on how financial institutions should flip their mindset on regulators and examinations.

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Risk Management Community Bank Regulation Survey 150

Gonzobanker

MAY 4, 2020

I like this bank-acquiring-fintech deal (similar to City National Bank’s August acquisition of FilmTrack and 2018 acquisition of Exactuals). And businesses that deferred moving online or had no reason to operate online have made the leap practically overnight.”. million fundraise including community bank participants Bank of St.

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Money and Payments

AUGUST 14, 2023

You will find it in the articles 14-23 of the regulation which outline a bunch of information to be added to crypto-asset transfers (or being sent along via separate communication channel). Where can I find the disputed requirement(s) in the EU regulation? Why is the requirement challenged as disproportional?

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Regulation Data Maine Operations 36

Money and Payments

AUGUST 8, 2023

You will find it in the articles 14-23 of the regulation which outline a bunch of information to be added to crypto-asset transfers (or being sent along via separate communication channel). Where can I find this requirement in the EU regulation? Why is the requirement challenged?

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Regulation Data Maine Operations 36

CFPB Monitor

AUGUST 22, 2016

The CFPB has announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. Chi Chi Wu, Staff Attorney, National Consumer Law Center, Boston, MA. Community Bank Advisory Council Members. ”

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San Antonio Kansas City Groups CA 60

PYMNTS

SEPTEMBER 27, 2016

But are the ripple effects of this exponentially expanding digital and virtual ecosystem causing neglect of our real, local communities, a dwindling of human interactions and a future workforce that will lack social skills? Cohen owns a national distribution network and deals with some of the nation’s biggest retailers.

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Abrigo

NOVEMBER 11, 2021

Would you like other articles like this in your inbox? The June 2021 release of the Financial Crimes Enforcement Network ( FinCEN) Priorities makes this clear in naming cybercrime as one of the eight national anti-money laundering and countering the financing of terrorism (AML/CTF) priorities. financial institutions.

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Fraud cryptocurrency System Trends 195

Abrigo

NOVEMBER 11, 2021

Would you like other articles like this in your inbox? The June 2021 release of the Financial Crimes Enforcement Network ( FinCEN) Priorities makes this clear in naming cybercrime as one of the eight national anti-money laundering and countering the financing of terrorism (AML/CTF) priorities. financial institutions.

Fraud 195

Fraud cryptocurrency System Trends 195

FICO

FEBRUARY 21, 2023

Expectations from Visa are that the GDP will turn negative once again in Q1 and Q2 of 2023 leading The National Bureau of Economic Research to declare a recession. These figures represent a national sample of approximately 130 million accounts that comprise FICO® Advisors’ Risk Benchmarking solution.

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Trends Industry US Cards 52

Jeff For Banks

FEBRUARY 6, 2011

Take for example the language from an FA Article relating to a strategic plan issued by the OCC to The Suffolk County National Bank of Riverhead (“SCNB”) in New York on October 25, 2010: “The Board shall adopt, implement, and thereafter ensure Bank adherence to a written strategic plan for the Bank covering at least a three-year period.

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Regulation FDIC National Capital 71

Independent Banker

SEPTEMBER 22, 2015

Arecent National Mortgage News article pointed out that “consumers complain when lenders ask for information, even suggesting such requests are a violation of their privacy.” Fortunately, First Federal Savings & Loan Bank (in operation since 1923) has never sold any of our mortgage loans to the secondary market or anyone else.

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Maine Regulation Washington Community 70

Jeff For Banks

JUNE 11, 2018

Won by the national banks. It is a very similar point I made in an article to soon appear in a trade publication. With all of our hubris about how great community banking is compared to national banks, we are not winning market share from them. That means it costs ~ $588k in direct operating expense to run a branch.

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Taxes Compliance Survey National 60

South State Correspondent

MAY 9, 2022

In our previous article ( HERE ), we reviewed the banking industry’s cost of funding earning assets (COF), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle. Community banks with larger percentages of DDA balances will fare better.

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Community Bank Community Industry Online 195

Lex Sokolin

OCTOBER 28, 2020

from virtual communities to augmented reality. Rather, communications and enterprise infrastructure. This Forbes article by Joe Cornell of Spin-Off Research lays it out for us in a neat org chart. Or see this article that references the transaction slides. Let’s do a complete turn this week to talk about infrastructure.

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blockchain Google National Apple 40

South State Correspondent

AUGUST 22, 2023

In this article, we detail the five steps to building a treasury management strategy, provide some tools to execute those steps, and then provide a complimentary survey to assess your strengths and weaknesses. For $6, a community bank can garner a lead that has an average of 9% probability of converting with over $33k per year in value.

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Management Community Bank Survey Community 195

Filene

MAY 3, 2016

To recognize entrepreneurs and the impact they have on the heartbeat of our economy, we join millions of Americans celebrating National Small Business Week in May. And as we honor the large economic contributions of our nation’s small business community, it’s worth noting a growing trend in its development.

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Trends Marketing Community Lending 28

MyBankTracker

JUNE 23, 2020

Beyond the potential for growth, sustainable investing looks for businesses that operate sustainably, for example, by minimizing the amount that they pollute or that work to resolve social issues. Related Articles. Many large companies focus solely on profit, ignoring how their actions can have a negative impact on the wider world.

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How To Examples Leadership Meeting 52

MyBankTracker

MARCH 9, 2021

At present, Allstate uses a portion of it’s corporate profits and operating procedures to focus on diversity, sustainable business practices, community giving, military support, and more. Allstate offers many of the standard coverages you would expect for a national carrier, plus some additions that are not so common.

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Policies National Meeting Guidelines 52

South State Correspondent

MAY 31, 2023

In this article, we look at cell phone tracking data for about 1,000 branches across the industry to derive insights to help banks increase branch engagement and boost branch profitability. The operative question is: given online and mobile banking, what is the new role of the branch?

Data 195

Data Branch Strategies Strategy Mobile 195

Abrigo

MAY 8, 2024

They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience. That’s equivalent to 9% to 15% of operating profits, the report notes. That compares to 39% of global or national banks with more than $10 billion in assets.

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Examples Fraud Resources Risk Management 221

Lex Sokolin

SEPTEMBER 10, 2020

Our nations strive to make the tallest buildings to create a signal that looks like a derivative of national progress. For example, let’s consider this compelling article: Disruptors PayPal and Square surpass Wall Street giants including Goldman Sachs in market cap. It wanted to build a better version of the community project.

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Capital Marketing Strategy Bitcoin 52

South State Correspondent

MAY 1, 2024

With financial hardship, competition from dominant players, and a startup budget, Gentle Monster faced many of the same challenges as a community bank. This article highlights Gentle Monster’s five-step process that might change how you look at the future. months, including an annual operating cost.

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Innovation social media Branding Marketing 195

Abrigo

NOVEMBER 29, 2021

Takeaway 3 Community banks have seen less volatility in noninterest income, and many are still eyeing growth across the category. This article looks at trends in growth and composition as well as legal, regulatory, and competitive pressure on noninterest earnings. Community banks target growth. Types of Noninterest Income.

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Community Bank Community FDIC Trends 195

Gonzobanker

DECEMBER 19, 2017

Rainbolt has quietly built a community bank in the past 20 years that is closing in on $2 billion of market cap. For 35 years, Wilmers led M&T with creativity, integrity and the “old-school” wisdom of a community banker who created a $26 billion market cap company. THE BANKING AWARDS. GonzoBanker of the Year – Large Banks.

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