Abrigo

DECEMBER 11, 2014

In September, the Office of the Comptroller of the Currency (OCC) published final guidelines designed to “strengthen the governance and risk management practices of large financial institutions.” While the final guidance clearly applies to larger financial institutions, community banks should still take note.

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Community Bank Community Guidelines Risk Management 207

Abrigo

FEBRUARY 6, 2024

Takeaway 2 Community banks may face challenges seeking reimbursement for breach of warranty claims filed with other FIs. Yet despite warnings about the high prevalence and high costs of check fraud, many banks and credit unions operate without systematic fraud prevention programs or lack the technology to combat check fraud.

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Fraud Training Trends Regional 221

South State Correspondent

OCTOBER 10, 2022

Over time FTP was further advanced to allow management to measure and manage credit, interest rate, liquidity, and operational risk across business units. In this blog, we would like to explain the building blocks of FTP and how FTP can help community banks price loans and think about effective profit allocation.

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Community Bank Community Examples Management 195

Abrigo

FEBRUARY 2, 2015

For most consumers who have a checking account, savings account and maybe a mortgage, the regulations placed on their community bank isn’t given a second thought. Two recent surveys addressing the community banking landscape have pointed to increasing regulations as the primary cause of stress for these institutions.

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Community Bank Community Regulation Survey 150

Abrigo

MAY 8, 2015

In recent months, the momentum around reducing the regulatory burden on the nation’s community banks has continued to gain steam. However, the regulatory landscape continues to evolve, leaving resource-constrained community banks to cope with new demands. The second idea is community bank exemption from the Volcker Rule.

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Community Bank Community How To Meeting 150

Abrigo

JUNE 4, 2020

Another, more vague exemption involves the borrower documenting an inability to return to the same level of business activity that the business was operating at before Feb. Credit Risk Management. Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk. Credit Risk Management.

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Lending Risk Management Management Community 195

Abrigo

NOVEMBER 17, 2023

While some of the recent trending fraud schemes are not new, they have been transformed to prey on communities already dealing with unprecedented times. According to PWC , rising prices can have substantial implications on fraud risks. The downturn in the economy has undoubtedly affected fraud statistics as well.

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Fraud Training Trends Compliance 195

Abrigo

SEPTEMBER 14, 2022

Takeaway 3 Financial institutions should consider the impact of this rule and prepare for changes to their business operations. Online lenders, platform lenders, and fintechs should also consider sending feedback to the CFPB and considering the ways their operations might be affected. Proposed Rule. Commenters have until Nov.

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Lending Data Regulation Community 195

Abrigo

APRIL 12, 2016

Directors overseeing a bank’s operations are important partners in supervisory efforts, the FDIC noted in the article (“A Community Bank Director’s Guide to Corporate Governance: 21st Century Reflections on the FDIC Pocket Guide for Directors.”). Risk management culture What exactly is a risk management culture?

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Management FDIC Risk Management Community Bank 150

Abrigo

APRIL 15, 2022

ALM & Measuring Liquidity Risk at Banks and Credit Unions Regulatory agencies expect financial institutions to manage liquidity risk using processes and systems commensurate with the complexity, risk profile, and scope of operations. What events could jeopardize our operational liquidity?

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Management Meeting Risk Management Operations 195

ABA Community Banking

OCTOBER 29, 2014

Take a fresh look at the Uniform Bank Performance Report Risk Management Blogs Talking Credit HowTo Operational Risk Credit Risk. 1Talking Credit'

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Risk Management Management Tools Operations 40

Abrigo

OCTOBER 20, 2020

From economic forecasts to company culture, there were important takeaways for all community financial institutions. . Millennium Bank, like many community financial institutions, is heavily concentrated in commercial real estate (CRE). Drive Growth. Understanding the current state of banking and future expectations. learn more.

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Management Lending Community Strategy 195

Abrigo

NOVEMBER 18, 2016

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. Learn more about the Sageworks Credit Risk Management Solution.

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Community Bank Handbook Lending Risk Management 150

Abrigo

MARCH 31, 2017

Commercial real estate lending continues to receive regulatory scrutiny and reminders for financial institutions to practice solid risk management. Eberley, director of the FDIC's Division of Risk Management Supervision wrote in the publication. Image credit: Benjamin Child via Unsplash.

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FDIC Risk Management Analysis Lending 186

Abrigo

APRIL 19, 2016

In the paper, the OCC defined responsible innovation as: The use of new or improved financial products, services, and processes to meet the evolving needs of consumers, businesses, and communities in a manner that is consistent with sound risk management and is aligned with the bank’s overall business strategy.

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Innovation Fintech Risk Management Community Bank 150

Abrigo

MARCH 24, 2021

The top banking challenges in 2021 are growing loans and earnings, according to Independent Banker’s recent 2021 Community Bank CEO Outlook survey. Nearly universally, community financial institution PPP lenders have reported winning new business customers as a result of their help during the PPP. Lending & Credit Risk.

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Lending Technology Survey Examples 221

Abrigo

FEBRUARY 23, 2022

Indeed, the financial institutions surveyed most frequently identified the following as their top challenges in small business lending: Efficiency Process, operations, and staffing Competition Over half of the survey respondents cited efficiency as a challenge when it comes to small business lending. Lending & Credit Risk.

How To 195

How To Lending Software Survey 195

William Mills

SEPTEMBER 12, 2017

William Mills Agency will be live blogging at FinovateFall 2017. Digital banking solutions for community banks and credit unions. I checked out their web site and they are promoting their IOS/Google Play mobile apps (no surprise) and I found this: This website is operated and maintained by Collective Returns, Inc.

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Samsung Mobile User Experience Google 69

Abrigo

DECEMBER 19, 2019

For many community and regional banks looking to compete with larger financial institutions and grow their bank, the answer has been mergers and acquisitions. Savvy community financial institutions looking towards partners to boost competitive strength through digital offerings, such as automated processes, also consider the bigger picture.

Lending 195

Lending Fraud Community FDIC 195

Abrigo

JUNE 18, 2020

Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk. 5 Inefficiencies Community FIs Must Resolve to Prepare for Economic Uncertainty. 15 due to compliance with specific health and safety requirements as outlined in the PPP Flexibility Act. C&I Loans. CRE Lending. SBA Lending.

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Lending Strategy Risk Management Compliance 293

Abrigo

APRIL 1, 2015

While the larger banks are receiving the bulk of attention, boards at smaller, community banks are realizing that they’re not immune to this heightened attention. Lynn McKenzie and Edmund Green of KMPG recently contributed an article to Bank Director on how boards can challenge their banks’ management on risk.

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Risk Management Community Bank Regulation Boston 150

Abrigo

JUNE 5, 2015

Sorrentino says, “As the backbone of the US economy, our nation’s growth depends on community banks figuring out how to operate in this ever-increasing regulatory environment. It will require transparent communication and consideration of examiners on all levels of the bank’s functions.

Risk Management 150

Risk Management Community Bank Regulation Survey 150

ABA Community Banking

JULY 10, 2015

What community banks can learn from large-bank risk requirements Risk Management Blogs Risk Adjusted Operational Risk Compliance/Regulatory.

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Risk Management Community Bank Compliance Community 40

Abrigo

JULY 20, 2021

Even if community businesses don’t end up utilizing the federally guaranteed loans , many small businesses have heard of SBA loans and want to explore them. During Abrigo’s recent ThinkBIG Conference, credit underwriting and loan portfolio risk management trainer and consultant Michael Wear , CRC , of 39 Acres Corp.

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

JULY 20, 2021

Even if community businesses don’t end up utilizing the federally guaranteed loans , many small businesses have heard of SBA loans and want to explore them. During Abrigo’s recent ThinkBIG Conference, credit underwriting and loan portfolio risk management trainer and consultant Michael Wear , CRC , of 39 Acres Corp.

Lending 195

Lending FDIC Capital Risk Management 195

ABA Community Banking

JANUARY 16, 2015

Musts: Defense in Depth and having more than one plan Risk Management Blogs Beyond the Bank CSuite Operational Risk Community Banking. 1Beyond the Bank'

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Risk Management Community Bank Community Operations 40

CFPB Monitor

APRIL 1, 2021

Augmenting risk management and control practices. The agencies observe that the potential risks associated with using AI are not unique to AI, such as creating operational vulnerabilities and consumer protection risks (fair lending, UDAAP, privacy). AI use by community institutions. Uses of AI.

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Risk Management Training Lending FDIC 78

Abrigo

JUNE 19, 2020

Credit risk operations, such as the allowance and stress testing, are not exempt. Lending & Credit Risk. Credit Risk Management. Lending & Credit Risk. 5 Inefficiencies Community FIs Must Resolve to Prepare for Economic Uncertainty. C&I Loans. CRE Lending. SBA Lending. Learn More.

Lending 195

Lending Training Data Analysis 195

Abrigo

FEBRUARY 9, 2016

Given the many differences between a community institution and a bank with $100 billion in assets, the challenges facing back executives and their financial institutions may differ dramatically at various times. Compliance staff may require certain operational processes that delay credit approval and impede competitiveness.

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Compliance Lending System Data 150

ABA Community Banking

DECEMBER 13, 2014

Best hope is to set up security containment, prevent compromising enterprise data Risk Management Blogs Making Sense of it All Operational Risk. 1Making Sense of it All'

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Risk Management Security Operations Data 66

ABA Community Banking

NOVEMBER 24, 2014

Productivity vs. security risks battle it out Technology Risk Management Blogs Making Sense of it All Operational Risk. 1Making Sense of it All'

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Risk Management Security Operations Management 64

ABA Community Banking

FEBRUARY 29, 2016

Satisfy your bank’s own operational needs—then worry about the regulators Technology Risk Management Blogs Risk Adjusted Vendor Management Operational Risk.

Management 40

Management Risk Management Regulation Operations 40

ABA Community Banking

OCTOBER 16, 2014

Ebola crisis reminds that banking confidence starts locally Risk Management Blogs Talking Credit Viewpoints Operational Risk. 1Talking Credit'

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Risk Management Operations Management 53

ABA Community Banking

NOVEMBER 21, 2014

More than bad press results from gaffes of small group Risk Management Blogs Talking Credit Viewpoints Operational Risk. 1Talking Credit'

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Risk Management Groups Operations Management 53

ABA Community Banking

OCTOBER 26, 2015

Operational risk strategy demands closer attention to every big exposure, no matter where Risk Management Blogs Risk Adjusted Operational Risk.

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Risk Management Strategy Operations Management 40

ABA Community Banking

JANUARY 25, 2016

Peel away ratios, policies, controls, and the rest.You come down to managing humans Human Resources Risk Management Blogs Risk Adjusted Operational Risk.

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Risk Management Resources Policies Operations 40

ABA Community Banking

SEPTEMBER 29, 2015

They can get more for their money than a good rating Risk Management Blogs UNconventional Wisdom Operational Risk. Large banks spend megabucks on compliance.

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Compliance Risk Management Operations Management 40