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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

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CFPB announces new appointments to advisory groups

CFPB Monitor

Arjan Schutte, Founder and Managing Partner, Core Innovation Capital, Los Angeles, CA. Chi Chi Wu, Staff Attorney, National Consumer Law Center, Boston, MA. Linda Feighery, Vice President and Community Reinvestment Act /Fair Lending Officer for Citywide Banks, Denver, CO.

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Who were ICBA’s Top Lenders of 2022?

Independent Banker

American Bank, National Association. Classic Bank, National Association. The First National Bank In Sioux Falls. Dakota Community Bank & Trust, National Association. The Miners National Bank of Eveleth. The National Iron Bank. The First National Bank of Gilbert. Ag Lender Score. Mason City.