Gonzobanker

MAY 4, 2020

million fundraise including community bank participants Bank of St. Elizabeth, Coastal Community Bank, First Financial Bank, Kearny Bank, Provident Bancorp and Sunwest Bank. LendingClub/Radius Bank: The acquisition of Radius Bank would bring an FDIC-approved, low-cost source of deposits and broader banking services to LendingClub.

Fintech 109

Fintech FDIC Capital Community Bank 109

Jeff For Banks

OCTOBER 29, 2016

I recently mentioned to a community bank management team that community financial institutions are slower to close branches because their decision making goes beyond the spreadsheet and market potential. Community bankers know the town mayor, and key business leaders. We over-invest in under-performing branches. no, this week!

Training 60

Training FDIC Community Resources 60

Jeff For Banks

MARCH 3, 2018

That's what I thought about while reading a recent Financial Brand post about Innovation in Banking: Killer Ideas? Six years ago I asked in a blog post Will Plain Vanilla Kill Community Banking ? When I wrote that post in January 2011 there were 7,700 FDIC insured financial institutions. or Idea Killers? Was I, gulp, a futurist?

Apple 66

Apple Millennials Massachusetts FDIC 66

Social Assurance

DECEMBER 13, 2019

The long-anticipated proposed amendments to the Community Reinvestment Act (CRA) have finally been released! Significant changes are in store for financial brands and a quick preview is available in the joint statement released by the FDIC and OCC. Are you ready to learn about all the changes in store?

Community 15

Community Branding Compliance Meeting 15

South State Correspondent

MARCH 15, 2023

Percentage of Uninsured Deposits: At the time of failure, SVB had approximately 88% of their deposits above the FDIC-insured $250k limit and ran at 95% at the end of last year. Some form of this ratio will likely be applied to the national and regional banks, which means larger community banks will also be judged by this ratio.

social media 195

social media FDIC Branding Management 195

Social Assurance

DECEMBER 13, 2019

The long-anticipated proposed amendments to the Community Reinvestment Act (CRA) have finally been released! Significant changes are in store for financial brands and a quick preview is available in the joint statement released by the FDIC and OCC. Updated Rules for Activities. Illustrative List of Qualifying CRA Activities.

Community 15

Community Branding Regulation Compliance 15

The Financial Brand

MARCH 24, 2023

This article NYCB’s Strategy Shift Gets Big Boost from Signature Deal appeared first on The Financial Brand. NYCB needs to keep growing deposits. Now it has picked up a not-so-secret weapon in that battle — Signature's private client relationship banking teams.

Strategy 31

Strategy Branding New York Banking Trends 31

Jeff For Banks

MARCH 27, 2010

They troll the web for best rate banks, assuming one depository with FDIC insurance is no better than another. ING Bank is a pure Internet play that builds on its brand power and competitive rates to drive deposits in its virtual doors. Jeff BancVue’s comment letter to the FDIC [link].

Indiana 60

Indiana FDIC Strategy Regulation 60

Gonzobanker

AUGUST 22, 2014

Mid-size banks are in the proverbial catbird seat – they can offer most of the products and sophistication of the top national banks combined with the service culture, community involvement, and local market knowledge of a smaller community bank. Identify M&A Partners. Conduct Due Diligence and Begin Negotiations. Have at it!

Strategy 87

Strategy United States Community New York City 87

Jeff For Banks

AUGUST 22, 2014

My firm measures line of business and product profitability for dozens of community financial institutions, and hardly any of them make real money in retail investment sales, if they make any money at all. trillion in assets , while bank assets in all FDIC insured financial institutions was $14.7 trillion for the same period.

Retail 86

Retail Tools Management Taxes 86

Jeff For Banks

OCTOBER 13, 2011

The recently released FDIC Summary of Deposits showed the second year of branch decline. This dates back to an interview I did with American Banker about a community FI that was opening coffee shop branches. The community FI may not have this luxury. That''s right. old people letting their fingers do the walking.

Branch Strategies 71

Branch Strategies New Jersey Strategy Capital 71

PYMNTS

OCTOBER 29, 2018

Facebook … and the Facebook Community. And its future is very much in the hands of a community that thinks differently about Facebook today, with many now thinking twice about how and how often they use it. And that is a bank – one with FDIC insurance and safeguards that keep their money safe. Google … and Ad-Supported Search .

Payments 196

Payments Google Apple Innovation 196

PYMNTS

NOVEMBER 18, 2019

recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, per Federal Deposit Insurance Corp (FDIC) data. Resolute Bank closed on October 25 and Louisa Community Bank also shuttered on that day. The most recent failure was on Nov. Elavon Spends $300M For Sage Pay.

System 100

System New Jersey Payments Apple 100