Independent Banker

MARCH 31, 2022

A secure, open-loop, cost-saving, customer-accessible, multiplatform P2P payments network might sound too good to be true, but community bank consortium Alloy Labs Alliance hopes to achieve just that with the CHUCK payment rail. Julieann Thurlow, CEO of $730 million-asset Reading Cooperative Bank in Reading, Mass.,

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Community Bank Community Payments Meeting 91

Independent Banker

FEBRUARY 28, 2023

Community banks own an enviable amount of data, but not all are leveraging it to its fullest extent. By Mindy Charski People share important data about themselves with their community bank in myriad ways. Data about existing customers can even help community banks improve their efforts to find new customers.

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PYMNTS

JANUARY 6, 2020

Community banks are pushing for a stronger role with their small business (SMB) customers. However, through an embrace of FinTech collaboration and industry consolidation, community banks appear poised to further dispel assumptions of a lack of digitization. A Consolidating Industry. Strengthening SMB Ties.

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PYMNTS

JUNE 7, 2018

Community banking can be one of the most rewarding and most challenging areas of financial services in which to work — that’s the view, anyway, of Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America (ICBA) , who recently joined the nation’s leading advocacy organization that exclusively represents community banks.

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South State Correspondent

SEPTEMBER 25, 2023

Given this new signal, community banks need to analyze what this interest rate environment means for their business model and how to maximize performance. Implied Fed Funds Target Rate The graph below compares the committee’s median projections for the Fed Funds rate from the June to the September meetings.

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PYMNTS

JANUARY 9, 2018

Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index. Here, again, lies another opportunity for community banks to fill the void.

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Community Bank Community Fintech Lending 131

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. There are more than 6,000 banks and thrifts under $10 billion in assets and they are often less equipped to deal with complexities brought by additional regulations.

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South State Correspondent

SEPTEMBER 18, 2023

This development is very important to community banks, as their efficiency ratio also increased, but to 61.63%. The national banks have already indicated how they plan to reverse the efficiency ratio increase – through headcount reduction. What is Driving the Efficiency Ratio at Community Banks?

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Management How To Community Bank Community 195

American Banker

FEBRUARY 29, 2024

Citing missed deadlines for an annual meeting and key regulatory filing, the Norcross-Braca group has called off a plan to invest $35 million in the Philadelphia bank.

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Philadelphia Capital Meeting Groups 85

South State Correspondent

OCTOBER 17, 2022

In a previous article ( HERE ), we discussed the concept of Funds Transfer Pricing (FTP), why systemically important banks and large regional banks incorporate FTP, and why community banks should also consider implementing FTP. bank about loan pricing. FTP Attribution – A Specific Loan Example.

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Independent Banker

FEBRUARY 28, 2022

The ICBA Capital Summit is the premier event for community bankers looking to advocate for their industry. In person for the first time since 2019, the ICBA Capital Summit in Washington, D.C., Community bankers, pack your bags for Washington, D.C. Community bankers, pack your bags for Washington, D.C.

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Community Washington Community Bank Capital 180

South State Correspondent

FEBRUARY 27, 2024

Community bankers need to practice realistic loan pricing discipline. However, we need to understand the meaning of pricing discipline and its effect on community bank performance. Unfortunately, this is both incorrect and often leads to bank underperformance. Why do banks use RAROC loan pricing models?

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How To Community Bank Community Management 195

PYMNTS

NOVEMBER 17, 2017

Think of banking and you might think of lending and deposits, where firms make money on the spread between what they pay savers and what they take in from borrowers. But banks cannot live on interest alone. Additional financial products and services must round out traditional banking activities.

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Community Bank Community Cards Lending 115

South State Correspondent

AUGUST 21, 2022

Last week we wrote about loan-level vs. balance sheet hedging for community banks and provided our loan proposal generator ( HERE ). We compared and contrasted the two strategies and sized the market for community banks. A community bank may transact one or only a few balance sheet hedges over many years.

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How To Community Bank Community FDIC 195

Abrigo

JANUARY 19, 2015

The Recession and its subsequent rate of bank failures underscore the need for banks of all sizes to invest in developing a capital plan. The Recession taught many institutions that whatever processes had been in place for managing capital were not sufficient. The result was insufficient capital. percent to 5.8

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Capital Analysis Policies Examples 150

Independent Banker

MARCH 31, 2022

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

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South State Correspondent

AUGUST 8, 2023

We estimate that approximately 50% of the community banks in the industry have a credit department that exerts influence or sets standards on loan pricing. While this process appears appropriate and benign, it increases credit risk, decreases bank profitability, and undermines the proper function of bank credit/yield tradeoff.

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Community Bank Policies Capital Management 195

ABA Community Banking

MAY 12, 2023

First quarter earnings reports are done, and bank shareholder meetings are currently going on, and rarely have these activities been in the public spotlight as now in the wake of three significant bank failures. The post Podcast: Analyzing first-quarter earnings and 2023 annual meetings appeared first on ABA Banking Journal.

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Meeting Report Community Bank Capital 52

Abrigo

APRIL 22, 2024

Takeaway 3 Depository lenders are enhancing their lending procedures and technologies to meet institution risk and return requirements as they grow. Dynamic market Small business lending by banks & credit unions Small businesses are a pillar of the U.S. At the same time, 59% pursued credit to meet operating expenses.

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Lending St. Louis Community Marketing 243

South State Correspondent

NOVEMBER 2, 2022

The futures market now expects close to average odds of a 75bps increase in Fed Funds rate for the next FOMC meeting on December 14 th ( HERE ) and about 60% odds of a 75bps hike by January. However, hedging the loan allows community banks to generate hedge fees between 1.0% of the loan amount and eliminate interest rate risk.

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Lending Community Bank Community Meeting 195

South State Correspondent

FEBRUARY 27, 2022

At SouthState, we use a program called ARC (Assumable Rate Conversion) that allows borrowers to pay a fixed rate of interest for as long as 20 years, but the bank retains a floating rate asset. The table below shows the implied Fed Funds rate for the next year and the number of expected hikes for each FOMC meeting. Why ARC Makes Sense.

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Lending Community Bank Community Meeting 195

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. That 9% does not include specialty consumer banks or fintech companies.

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Abrigo

DECEMBER 22, 2023

download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2023. Takeaway 2 The top lending and credit blog posts focused on the benefits of banking technology, interest rate management, and developing risk ratings.

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Lending Risk Management Community Management 221

ABA Community Banking

OCTOBER 17, 2023

Many fintech firms’ offerings are narrow, leaving them unable to meet growing businesses’ capital needs. In contrast, most banks can work with businesses as they grow. The post Cultivating small business: Banks focus on relationships and solutions appeared first on ABA Banking Journal.

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Independent Banker

JANUARY 31, 2023

Are you trying to raise awareness about a certain policy or bill affecting community banks? Once you have that goal in mind, schedule a virtual meeting. Once you hear a response, thank them and notify any bank staff who will be involved. Once you hear a response, thank them and notify any bank staff who will be involved.

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social media Meeting Community Community Bank 103

Independent Banker

APRIL 30, 2022

In community banking, we’re not ones to rest on our laurels. We’re always raising the bar for ourselves, our teams and our communities to ensure we provide the best possible services to our customers. My dad went to banking school, and I was given the opportunity when the time came. I am a firm believer in education.

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Community Bank Community Knowledge Base Leadership 171

Independent Banker

MARCH 31, 2022

Whether achieved by internal or external resources, community banks provide valuable support for small businesses. By providing “bonus” services to small businesses, such as startup loan programs and referral services, community banks prove themselves to be reliable financial partners, with mutually beneficial results.

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South State Correspondent

APRIL 30, 2022

Based on the futures market, the Federal Reserve is expected to raise the Fed Funds rate to 3.00% at its December 2022 meeting. In this article, we analyze the industry’s cost of funding earning assets (COF) and track how community banks’ COF behaves relative to larger banks. Historical Cost of Funds Analysis.

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Community Bank Strategy Community FDIC 195

Independent Banker

NOVEMBER 30, 2021

“Our mission as a CDFI, obviously, is serving low-income census tracts, as well as [helping] the population who haven’t been historically included in the banking world,” he says. Our nonprofit helps us to meet that goal.”. Many focus on providing capital to underrepresented groups. In 2020 alone, it invested $6.9

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Colorado Community Bank Community New Mexico 119

Independent Banker

DECEMBER 31, 2022

Here’s how community banks can enhance their payments offerings. of banks’ revenues come from payments. Payments account for up to 30% of bank revenue, and that income stream is under attack. billion-asset Bank of Tampa in Tampa, Fla. Chris Doyle, Texas First Bank. —Chris Doyle, Texas First Bank.

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Trends Payments Community Bank Texas 140

Independent Banker

FEBRUARY 28, 2023

Derek Williams, president and CEO of Century Bank & Trust in Milledgeville, Ga., wanted to be a financier before finding his way to community banking. He has served as president and CEO of $365 million-asset Century Bank & Trust in Milledgeville, Ga., now part of Bank of America, before moving to Griffin, Ga.,

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Community Community Bank Georgia San Antonio 172

Independent Banker

APRIL 30, 2022

During the pandemic, many community banks needed to change how they operated. It can clarify roles and responsibilities, encourage timely communication and help community banks operate more efficiently. When the pandemic hit in early 2020, mitigating risk took on a whole new meaning for community banks.

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Oregon Community Bank Community Meeting 91

Abrigo

DECEMBER 17, 2021

It’s been nearly two years since the coronavirus pandemic began, and many banks and credit unions have undergone a significant digital transformation in response. Many financial institutions that were already on the path of digitalization have continued expanding their digital offerings to meet the needs of their customers and members.

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Fintech How To Innovation System 195

PYMNTS

AUGUST 3, 2020

BBVA USA is collaborating with Google to offer consumers a digital bank account through Google Pay. The Alabama-based bank holding company said the partnership is key to its strategy? of growing the bank throughout the U.S. banks and credit unions that have signed on to offer checking and savings accounts through Google Pay.

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Google Digital Banking Alabama Community Bank 221

Independent Banker

JANUARY 31, 2022

These community banks are working to fix that through microlending programs. Now, some community banks are launching microlending programs to redress the balance. which operates $12 billion-asset OceanFirst Bank N.A. By Beth Mattson-Teig. in Toms River, N.J. Terms were up to five years at an interest rate of 2.0%

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Independent Banker

OCTOBER 31, 2021

The CARES Act extended the CECL implementation deadline for many larger community banks until the end of the COVID-19 pandemic. Community bankers tell us that while the extension is welcome, they’re already down the road to implementation. ICBA tells FASB CECL isn’t feasible for community banks. By Stephanie Vozza.

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Community Bank Community Software New York City 91

South State Correspondent

DECEMBER 8, 2023

The real reason that this conference makes our favorites list is that this is one of the few conferences where we can learn what the largest and most progressive banks are doing in the market. We asked ten banks how they define small business and where it reports and got different answers.

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