Gonzobanker

FEBRUARY 1, 2024

Early this week, the conference was the epicenter of discussions, where 2,000 attendees descended upon Arizona to strategize and set the tone for our great industry’s future. The FDIC Approved This Ad How many times did we hear a speaker admonish the audience to “be sure and sign up for the FDIC notification list.”

Conference 88

Conference FDIC Arizona Industry 88

Jeff For Banks

DECEMBER 10, 2023

And I am weary of the persistent "get big or get out" mentality of many industry pundits. 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.

Fresno 103

Fresno North Carolina Raleigh FDIC 103

PYMNTS

DECEMBER 14, 2018

News came earlier in the month that several federal agencies have come out — together — in support of banks embracing innovation in their compliance efforts. Private sector innovation is of value, and pilot programs may be too, which opens the door to FinTech — all of which now can come through industry commentary.

Compliance 148

Compliance Innovation FDIC Examples 148

Abrigo

AUGUST 6, 2021

according to FFIEC and FDIC data. Technology can help streamline and automate many manual lending processes, reduce compliance costs, and enhance risk management. Technological changes in the banking industry have allowed for better product delivery, data analysis, and back-office efficiency,” the report states. SBA Lending.

Community Bank 195

Community Bank Community Kansas City Lending 195

Abrigo

NOVEMBER 9, 2022

The Q1 2023 compliance date is near for smaller SEC-reporting financial institutions and private or not-for-profit banks and credit unions, and progress is decidedly mixed, according to the Abrigo 2022 CECL Survey. Banks regulated by the Federal Reserve, the OCC, or the FDIC made up the bulk of institutions represented by survey-takers (73%).

Survey 195

Survey Software Resources Meeting 195

Jeff For Banks

DECEMBER 16, 2022

And I am weary of the persistent "get big or get out" mentality of many industry pundits. Total return includes two components: capital appreciation and dividends. Silvergate Capital Corporation (NYSE: SI) #2. Not so over the eleven years I have been keeping track. MetroCity Bankshares, Inc. Nasdaq: MCBS) #3. Nasdaq: TBK) #4.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

Jack Henry

APRIL 30, 2014

Participate in industry information sharing forums. The FDIC provides a listing of resources that can be used to better identify and mitigate potential cyber-risks. The FDIC encourages subscribing to these various groups to ensure that you receive regular security alerts, tips, and other updates. FBI InfraGard.

Fraud 88

Fraud Cyber Security ATM FDIC 88

Jeff For Banks

OCTOBER 13, 2011

In keeping up with industry reading it is clear to me that we, as an industry, are perplexed at what to do about branching. The recently released FDIC Summary of Deposits showed the second year of branch decline. Smaller is certainly a theme I am hearing from bankers and industry professionals. That''s right.

Branch Strategies 71

Branch Strategies New Jersey Strategy Capital 71

Independent Banker

FEBRUARY 24, 2016

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. CRE loans totaled 869 percent of Oak Valley’s capital in 2001, resulting in a special examination by regulators.

Community Bank 70

Community Bank Lending Community Regulation 70

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. We will vigorously investigate wrongful conduct in this industry.”.

Lending 135

Lending Fraud Management San Francisco 135

Gonzobanker

AUGUST 22, 2014

While we may see an uptick in the number of new bank charters from the near zero we have today, too many other industries with less regulation will attract capital. This simply won’t cut it in the fast-consolidating, commoditized industry we call banking today.

Strategy 87

Strategy United States Community New York City 87

Abrigo

DECEMBER 22, 2023

Watch NOW Takeaway 1 Portfolio risk and accounting professionals often keep up to date on industry trends by reading Abrigo's blog. Loss given default (LGD) expresses the expected loss as a percentage and is unique to the industry or segment. The FASB’s description of proposed changes can be found here.

Risk Management 221

Risk Management Regulation Management Lending 221

South State Correspondent

APRIL 1, 2023

Deposit outflows for the prior week were revised upwards to show a combined decline of $64B, including $185B from community banks—the Fed included a notice with the release stating that data for the week ending March 15 were revised to account for a change in how FDIC bridge banks were incorporated into the community bank data.

Regulation 221

Regulation Community Bank Community Capital 221

Jeff For Banks

MARCH 29, 2014

We serve the dental and other health professional industries through a centralized loan and deposit platform that operates out of our main office in Dallas, Texas and serves clients in 30 states. Texas Capital Bancshares, Inc. We focus our marketing efforts in three areas.

Strategy 101

Strategy Texas San Antonio Fort Worth 101

William Mills

SEPTEMBER 9, 2016

Addresses compliance, fraud experience and customer experience analytics. Social media is a special challenge since social media was not created with compliance in mind. This sounds like the best of both worlds – social funding for SMB’s with the backing of their FDIC-insurance bank. Jim Callan – CEO and Cleve Coswell.

social media 40

social media ATM Mobile Customer Experience 40

Independent Banker

JUNE 30, 2022

Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. Self Financial handles the technology, including access to online accounts and an app, as well as marketing aspects of the program, and Lead Bank provides the compliance and access to the banking system. First Capital Bank. By Ed Avis.

Community Bank 172

Community Bank Community National Philadelphia 172

CFPB Monitor

JUNE 25, 2020

The final rule is effective October 1, 2020 but sets mandatory compliance dates based on the applicable performance standards. Until compliance with the final rule, national banks and federal savings banks must comply with the OCC’s current rule. These banks conduct a majority of all CRA activity in the United States.

Community 97

Community Lending Meeting Retail 97

PYMNTS

APRIL 17, 2018

But the reality of the FinServ regulatory environment is more complicated, said Keegan Peterson, founder and CEO of Wurk , a company that provides HR services to highly regulated industries, including the cannabis sector. They need to run compliance. Those are separate issues,” he said. A lot of them do facility checks.

Regulation 101

Regulation Taxes Compliance United States 101

CFPB Monitor

JANUARY 9, 2017

We previously reported that Paul Atkins would be on the landing team for the CFPB as well as the landing teams for the FDIC and OCC. Lindsay is an attorney who currently is the Managing Director and General Counsel of Capital Markets and Corporate Reporting at Citigroup Inc. The other CFPB landing team members are: Kyle Hauptman.

Leadership 60

Leadership FDIC Policies Compliance 60