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Today In Digital-First Banking: FIS Fuels Rollout Of Quontic Bank Crypto Rewards Account; Aeldra Selects i2c To Power Private Banking Services

PYMNTS

The rollout makes Quontic “the first FDIC insured financial institution in the U.S. In addition, financial services company NYDIG is collaborating with Quontic to offer the custody platform that will be harnessed to manage the crypto rewards. Aeldra, the California challenger bank, has selected i2c Inc. Aeldra’s U.S.

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Banking's Top 5 Total Return to Shareholders: 2023 Edition

Jeff For Banks

Although one might argue that First Citizens BancShares of Raleigh is a SIFI as it climbed to the 19th largest in the country with its Silicon Valley Bridge Bank acquisition from the FDIC, and that the FDIC designated SVB as systemically important. Total return includes two components: capital appreciation and dividends.

Fresno 101
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Food for Thought: A Policy on Credit Exceptions

Abrigo

Portfolio segments should be monitored and managed, not get buried in exception counts. Path to removal – Sometimes an exception is like the Hotel California – you can check out anytime you like, but you can never leave. This is particularly true of credit exceptions related to account management (e.g., It just stays on forever.

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A digital-first bank for south Florida

Independent Banker

What also sets Locality Bank apart from existing financial institutions in its market is that its board and management have a “first principles mindset, one where we set out to create the bank from the start to serve the needs of the local business community,” says Keith Costello, president, CEO and one of Locality Bank’s cofounders.

Florida 91
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FIs Or FinTechs: Who Will Power Banking?s Big Digital Shift?

PYMNTS

If you talk to a bank CEO, they will tell you that most of them want to grow deposits, unless you are big enough that you worry about allocating capital. HMBradley offers FDIC-insured accounts through Hatch Bank based in California, and rates of about 3 percent on its savings accounts.

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Signaling Caution

Independent Banker

Obviously these local lenders took notice when the Federal Reserve, the FDIC and the Office of the Comptroller of the Currency recently issued a joint statement pointing out increased risks in CRE lending. He adds that regulators and bank management need to act to prevent those risks from becoming reality. “We Smart for California.

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Banking's Top 5 Total Return to Shareholders: 2022 Edition

Jeff For Banks

Total return includes two components: capital appreciation and dividends. Silvergate Capital Corporation (NYSE: SI) #2. Twenty-six percent of the bank is owned by the Board, Executive Management, and the ESOP. I call this "pulling into the pits" in my book: Squared Away-How Can Bankers Succeed as Economic First Responders.