CFPB Monitor

SEPTEMBER 21, 2020

Last week, the CFPB announced the appointment of new members to its advisory committees: Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC). Nadine Cohen, Managing Attorney, Greater Boston Legal Services (Boston, MA). Clarksdale, MS).

DC 78

DC Mississippi Washington Oklahoma City 78

American Banker

JUNE 22, 2016

billion-asset Boston Private Financial Holdings in Boston. billion-asset company said in a press release Tuesday that it will buy two branches in the California markets of Granada Hills and Burbank from the $7.3

Boston 34

Boston California Marketing Company 34

American Banker

DECEMBER 31, 2020

Speculation is swirling that the Boston company will go on a buying spree after raising $1.8 This tension makes CEO Bob Rivers one of our community bankers to watch in 2021. billion, though some investors are advising caution.

Boston 57

Boston Community Company Community Bank 57

Jeff For Banks

MARCH 26, 2011

B+ This book, written by a journalist and former editor of Fortune magazine and editorial director of Harvard Business Publishing, tracks the growth and philosophical evolution of strategy. It focuses on three strategy firms in particular: Boston Consulting Group ("BCG"), Bain & Company, and McKinsey & Company.

Strategy 67

Strategy Report Boston Conference 67

PYMNTS

NOVEMBER 27, 2019

The Greater Boston Food Bank (GBFB) is one such organization fighting community hunger. Headquartered in Boston, the group serves over 500 pantries and programs in 190 cities and towns across eastern Massachusetts and distributes nearly 57 million meals annually. . “If The ‘Game of Keystrokes’ Strategy.

Tools 130

Tools Boston Massachusetts Cards 130

Independent Banker

JANUARY 31, 2022

The FedNow Service is launching in early 2023, giving community banks about a year to plan. Here’s how community bankers, payments experts and fintech vendors suggest using the time to prepare. With less than a year until the scheduled launch of the FedNow Service, community banks are still awaiting updates on specifics.

Community Bank 91

Community Bank Community Resources Fraud 91

PYMNTS

MARCH 16, 2018

“The task force has been an important forum for bringing focus to our collective security dialogue, creating a foundation for ongoing collaboration on specific security topics,” Ken Montgomery, the Federal Reserve’s payments security strategy leader and chief operating officer of the Federal Reserve Bank of Boston, said in the release.

Security 100

Security Payments Boston Fraud 100

American Banker

DECEMBER 2, 2016

Radius Bank in Boston has bought a national equipment-finance business from NewStar Financial in Boston.

Boston 28

Boston National Community Bank Community 28

American Banker

MAY 6, 2016

Loan growth at several Boston banks, including many former mutuals, is higher than the national average. Still, bankers are closely watching for any indication that a bubble is forming.

Boston 28

Boston National Community Bank Community 28

Jeff For Banks

MAY 29, 2011

Align company strategy with customer needs; 4. As George Millward, a colleague of mine at The Kafafian Group, tells me: “strategy drives structure” (most likely a Peter Drucker quote, as told to me by Ron Shevlin of Aite Group in Boston. According to my experience though, strategy is clearly taking hold in our industry.

Strategy 78

Strategy Customer Experience Video Boston 78

Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. As we enter budgeting season, the answers might be found in a mix of strategies. It’s certainly an interesting time to be a community bank, but there are still plenty of ways to make efficiencies with an eye on profitability. ?

Strategy 135

Strategy Community Bank Louisville Community 135

ABA Community Banking

DECEMBER 8, 2017

Boston Fed’s Montgomery to head anti-fraud effort Payments Security.

Security 40

Security Boston Strategy Payments 40

Independent Banker

DECEMBER 13, 2015

Certain mobile functions and features are essential to the success of a community bank’s mobile banking offerings. Newfangled mobile capabilities could help community banks stand apart from their competitors. Share of community banks and credit unions offering the following mobile banking features and functions: 84%.

Community Bank 70

Community Bank Boston Community Iowa 70

Independent Banker

NOVEMBER 24, 2015

Certain mobile functions and features are essential to the success of a community bank’s mobile banking offerings. Newfangled mobile capabilities could help community banks stand apart from their competitors. Share of community banks and credit unions offering the following mobile banking features and functions: 84%.

Community Bank 70

Community Bank Boston Community Iowa 70

PYMNTS

JUNE 30, 2016

“Walmart’s $250 billion commitment to buy products supporting American jobs is having a tangible impact on communities across the country as factories expand or open to make products for Walmart stores, Walmart.com and Sam’s Club.”. manufacturing trends and insights, said that you are starting to see manufacturing jobs returning to the U.S.

US 113

US Boston Arkansas Retail 113

Jeff For Banks

JANUARY 11, 2014

According to a 2012 Boston College Center for Retirement Research study , 63% of American males (why only males I do not know) participated exclusively in defined contribution (DC) retirement plans in 2007, up from 47% in 1992. Could this need for personal financial management prove to be a viable niche for community financial institutions?

Boston 89

Boston DC Community Community Bank 89

CB Insights

SEPTEMBER 26, 2018

Learn about the technologies, innovations, and strategies that retailers can leverage during the holidays. Below, we outline three major retailers’ localization strategies — and where the trend is headed next. Target uses community research to effectively stock small stores. First Name. Major retailers and brands go local.

Retail 64

Retail Los Angeles Strategy Community 64

PYMNTS

MAY 29, 2020

Next, Carder developed a plan to unleash the students, who have digital marketing and product management skills, to the retail community along with partnerships in their belts from Google, Facebook and Shopify. A partnership was born, and the students could then help retailers get onto the Shopify program and generate precious revenue.

Maine 142

Maine Retail Google Community 142

Abrigo

MAY 15, 2020

As expected, bad actors are surfacing, and financial crimes divisions of community financial institutions are struggling with the realization that loans rushed through may be fraudulent. This is welcomed news for community financial institutions. The Fed has recently announced the first arrests in connection with PPP fraud. learn more.

Lending 195

Lending Rhode Island Fraud Los Angeles 195

Independent Banker

SEPTEMBER 30, 2021

But for most community banks, building a trustworthy brand isn’t a conscious effort. So first, we’ll look at how two community banks have become trusted pillars of the community through charity work and good old?fashioned billion-asset community bank. Build your community. It’s in their DNA.

Community 139

Community Community Bank social media Security 139

PYMNTS

AUGUST 7, 2020

The COVID-19 pandemic is taking a tremendous toll on communities across America,” Brainard said. As for cost of implementation, George said that while the “cost issue is important, we don’t have a number right now because we are still in the process of setting our technology strategy.”. In a Thursday (Aug.

America 189

America Kansas City Payments Kansas 189

Gonzobanker

DECEMBER 17, 2021

We know the customer buying and use of financial services is being fundamentally changed by fintech, but our long-term strategies to invest/partner/buy/compete are very much works in progress. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. Like how does that play into our communities? The Bank That Gets Fintech.

Fintech 148

Fintech Strategy Leadership Lending 148

American Banker

AUGUST 11, 2020

The coronavirus pandemic has created major credit issues at the Boston bank and stymied efforts to improve profits, fueling speculation that the onetime serial acquirer could be a takeover target.

Boston 41

Boston Community Bank Community Strategy 41

American Banker

JULY 20, 2016

Executives at several minority-owned community banks nationwide, including OneUnited Bank in Boston and Carver Federal Savings Bank in New York, say they have received a windfall of deposits in recent weeks, coinciding with the introduction of the Black Money Matters Project.

Boston 28

Boston Community Bank New York Community 28

Gonzobanker

SEPTEMBER 28, 2017

Industry-specific tech talent is consolidating and migrating to programmer and megabank community hotspots in San Jose, Seattle, San Francisco, Boston, Raleigh, Charlotte, Atlanta and Phoenix. Attracting and keeping technology talent at a regionally based financial institution is a constant struggle. Evaluate the costs.

Data 74

Data How To San Jose San Francisco 74

Independent Banker

MARCH 15, 2015

Increasingly, more digitally connected consumers are saying yes to that question with their community bank. For many community banks, telephone calls still generate the highest volumes of customer service interactions. Several retail service experts say it will apply to your community bank, if it doesn’t already. 1% Don’t know.

Community Bank 70

Community Bank Community Operations Retail 70

American Banker

JUNE 3, 2016

Aspiration, a nonbank that is working with a Boston bank, has a model that is proving that some clients will voluntarily pay fees. Bankers have long complained that customers are fee averse.

Boston 28

Boston How To Branch Strategies Community Bank 28

CB Insights

SEPTEMBER 6, 2017

The company has a digital-first strategy, and reports roughly a third of its business runs through its app. Ample Hills Creamery — named for a line in a Walt Whitman poem — is an ice cream shop and “community gathering place.” Follain is a healthy beauty store with locations in Boston, Washington DC, and Nantucket.

Maine 70

Maine Capital Rhode Island DC 70

PYMNTS

JUNE 25, 2018

Then I went to Whole Foods on the North Shore of Boston Saturday morning to do some grocery shopping. PYMNTS has been tracking the impact of the Amazon/Whole Foods acquisition on the grocery store sector since the day it happened, including this latest Whole Foods plus Prime Member Deals program strategy.

Retail 156

Retail Branding Millennials Online 156

CB Insights

SEPTEMBER 26, 2018

” Here, a team of over 60 professionals in healthcare, design, IT, and project management work around a business strategy called design thinking. Innovation centers across the globe in Boston, London, California, and Shanghai serve as regional hubs that can connect with local entrepreneurs, scientists, and technologies.

Innovation 73

Innovation Cleveland New York New York City 73

Fintech Labs Insights

NOVEMBER 14, 2016

Founded in 2011 and headquartered in Boston, Massachusetts, Quantopian demonstrated its technology at FinovateSpring 2013. The company’s community of developers has more than 90,000 members, and includes everyone from financial professionals and data scientists to students and entrepreneurs.

Massachusetts 12

Massachusetts Boston Capital Compliance 12

Fintech Labs Insights

NOVEMBER 14, 2016

Founded in 2011 and headquartered in Boston, Massachusetts, Quantopian demonstrated its technology at FinovateSpring 2013. The company’s community of developers has more than 90,000 members, and includes everyone from financial professionals and data scientists to students and entrepreneurs.

Massachusetts 12

Massachusetts Boston Capital Compliance 12

PYMNTS

OCTOBER 13, 2016

In London too, Apple Pay works on the Underground, buses and trains, and the company is keen to serve Boston, New York and other cities with tap-and-pay mobile services. According to Media and Services UX, (MSX) group at Strategy Analytics, three-quarters of mobile payment users in China do so in physical stores daily.

Mobile 100

Mobile Payments Apple Samsung 100

PYMNTS

DECEMBER 31, 2020

Haley Fortier , operator of Boston wine bar haley.henry , told PYMNTS that much of the year was based on taking things the company already knew it could do well, and then finding ways to make them work via digital channels. Aid has notably come in from all corners, particularly the card networks.

Maine 169

Maine Philadelphia Community Boston 169

PYMNTS

MAY 12, 2020

Rather, a mix of strategies can be key to nudging buyers and suppliers in the right direction. Fed Forms FedNow Community. The Federal Reserve Banks have recently announced the formation of a new community around its upcoming real-time payment rail, the FedNow Service. In a statement, Kenneth C.

Payments 130

Payments Fraud Community Boston 130

PYMNTS

MAY 16, 2018

If one board member splits time between Florida and Boston, it can hold up approval until that person is available to sign. The FinTech automates invoice management and payment processes for several HOA management companies today, and its recent partnership with Bradenton, Florida-based Premier Community Bank will build on that, Praeger said.

Florida 100

Florida Boston Community Bank Marketing Strategies 100

William Mills

MAY 11, 2016

Virtual reality – Where your can see your investment plan and strategy visually and interactive. What’s the market strategy? This is an extension of business services, powered by a local community bank. This certainly adds a lot of technological capacity to the community bank. Who is the target audience?

Video 40

Video Mobile social media Analytics 40