Community Banks Accelerate FinTech Integrations


For more community banks, the latter strategy can fast-track digitization initiatives. This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings. Finastra Chosen by Community FI. People’s United Bank Links With FIS, MineralTree.

Countdown to CECL: A Timeline for Community Banks


Preparing for 2023 While community banks have until 2023 until they must comply with CECL, there is likely less time than expected. . While community banks have until 2023 until they must comply with CECL, there is likely less time than expected.


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Why community banks are partnering with fintech startups

Bank Innovation

As big banks try to win over customers with digital upgrades that resemble slick user interfaces from fintech startups, community banks are looking at new ways to keep pace with customer expectations. Radius Bank, a one-branch Boston-based community bank with $1.2 Operations & Best Practices Premium Celent community banks Finastra First Interstate Bank independent software vendors Radius Bank regional banks software vendors

The Death of the Community Bank

Jeff For Banks

In June of 2008 I gave a speech titled "The Death of the Community Bank" and in that speech I made predictions. Prediction: The General Bank will become extinct. Much like competitors nip at community banks' customers. Strategies cannot ignore big banks any longer.

Level Setting and Peering Around the Corner— Tips for Success in Your Organization

Speaker: Steve Andrews, President & CEO of the Western Bankers Association 

This pandemic has tested the foundation of banks and the strength of the dollar. With all of us facing the same crisis, we are left with the same key questions, "Where are we now?" "Where are we going?" "How are we going to get there?" and "What impediments must we overcome?" Join Steve Andrews, President & CEO of the Western Bankers Association, for CBB's groundbreaking webinar! This exclusive webinar will go over the insider information your bank needs for level setting and peering around the corner. Steve will provide actionable insights, best practices, and real-world examples of the changing landscape of community banking.

FDIC Publishes Wide-Ranging Community Banking Study

ABA Community Banking

The FDIC today released a large-scale Community Banking Study that examines community bank performance between year-end 2011 and year-end 2019. The post FDIC Publishes Wide-Ranging Community Banking Study appeared first on ABA Banking Journal.

$175M Acquisition Turns Community Bank Into Fintech Player

Bank Innovation

Community banks can also play the fintech game. BankMobile — the digital bank, formerly a division of Customers Bancorp Inc. — was acquired by Flagship, a Florida-based community bank, for $175 million. “We We are an independent bank,” said Luvleen Sidhu, BankMobile’s co-founder, regarding the acquisition. “We We are no longer a partner or a division of […].

The Community Bank Contrarian

ABA Community Banking

Whether it’s buying a mortgage division in 2009 or building a diversified product set in an age of nichification, community bank CEO Luanne Cundiff zigs when pundits say to zag. The post The Community Bank Contrarian appeared first on ABA Banking Journal. ABA Banking Journal Community Banking Featured Mortgage Technology Advocacy Careers in banking Fintech Leadership Professional development Women in banking

Why Community Banks Go Public

Banking Exchange

A local bank going public can benefit both the community and its shareholders in the long run Community Banking Bank Performance Feature Management Feature3. 1Community Banking

Podcast: How One Community Bank Opens Opportunities for Career Growth

ABA Community Banking

As an early-career CPA, Carissa Rodeheaver began her community banking career as a trust administrator nearly three decades ago. Now, she's at the same bank, as chairman, president and CEO of Oakland, Maryland-based First United Bank and Trust.

Community Banks Embrace Faster Payments’ Competitive Edge


Community banks are pushing for a stronger role with their small business (SMB) customers. Yet, the broader perception of smaller financial institutions (FIs) in the industry is that these banks lack the resources that larger banks offer, as well as the agility of emerging FinTech firms, to promote product and service innovation to their SMB clients. banking industry is known as vast and highly fragmented, with thousands of banks in operation today.

Is CRA Compliance Enough for Community Banks?

Banking Exchange

Due to the ongoing pandemic, small businesses are struggling Community Banking Feature3 Feature Compliance People Compliance Management Compliance/Regulatory PPP Covid19. 1Community Banking

Community Banks Debut FinTech Alliance


To that end, news came earlier this week in the United States that a dozen community and regional banks have formed a group aimed at exploring the opportunities amid FinTech offerings. The banks will pool their resources with an eye on “share opportunity,” where smaller firms will examine specific areas of focus through the formation of small working groups. The group includes such banks as the Royal Bank of Scotland (RBS) and Santander, and FinTech firms like The ID Co.

Should Community Banks Consider Credit Tenant Loans

Banker to Banker

A credit tenant loan (CTL) is a loan secured by the real estate pledged as collateral and the obligation of a credit-rated tenant of that real estate. These loans are a cross between a bond (because the tenant's obligation to pay rent is a senior obligation of a creditworthy obligor) and a commercial mortgage (because of the real estate collateral). The CTL is usually less risky than a comparable commercial mortgage and, therefore, priced accordingly.

FDIC Analysis Examines Community Bank Economies of Scale

ABA Community Banking

The FDIC today released a new staff study highlighting how economies of scale developed at community banks (those with $10 billion or less in assets) between 2000 and 2019. The post FDIC Analysis Examines Community Bank Economies of Scale appeared first on ABA Banking Journal.

Community Banks Get Reporting Reprieve from Regulators

Banking Exchange

Small lenders have seen their balance sheets expand rapidly this year, but will get a temporary reprieve from new reporting requirements Community Banking Feature3 Covid19 PPP Feature Duties Compliance Compliance/Regulatory. 1Community Banking

Funding Circle Partners With Community Bank, INTRUST for Loans

Bank Innovation

The fintech is partnering with community bank, INTRUST Bank for this purpose, the companies announced yesterday. Exclusive Lending Online community banks fintech partnerships Funding Circle INTRUST BankSmall business lending platform Funding Circle will be working with a traditional lender to fund loans on its platform.

Overcoming Lending Challenges for Community Banks

Banker to Banker

Covid-19 and the responses to the pandemic are exerting various pressures on community banks. How a community bank underwrites and books commercial credit through the end of 2020 will have a significant impact on the bank’s profits and credit quality through the entire next business cycle. In this article, we focus on four key steps of what banks can do to continue to add earning assets to their balance sheet.

Study Affirms Community Banks’ Small-Biz Leadership

Finer Points

It’s something ICBA and the community banking industry say all the time: community banks are the nation’s leading small-business lenders. While community banks make up less than 20 percent of the banking system’s assets, they dole out more than half of its small-business loans. Community Banks Credit Unions Economy Regulation Regulatory Relief Small Business Small Business Lending

CSBS: Community Banks Took on Significant Share of PPP Lending

ABA Community Banking

Community banks took on an outsized share of Paycheck Protection Program lending, according to a blog post today by the Conference of State Bank Supervisors. The post CSBS: Community Banks Took on Significant Share of PPP Lending appeared first on ABA Banking Journal.

Regional, Community Banks Face Digital Challenges Post-Pandemic

Banking Exchange

Greenwich Associates reports widening gap in digital investment between national and regional banks Community Banking Feature3 Feature Technology Retail Banking Covid19 PPP Customers Tech Management Mobile Online. 1Community Banking

Helping Community Banks Turn On The Innovation Switch


Innovation has always been important for community banks, but the driving force of digitization over the last decade has greatly sped up the pace, said Kevin Tweddle, chief innovation officer for the Independent Community Bankers of America ( ICBA ). Community banking is no exception. While it’s a relationship business,” Tweddle said, “the evolution will lead to a high-tech, high-touch style that will become the sweet spot for community banking.”.

Podcast: Five Community Bank Core Provider Strategies

ABA Community Banking

Community and midsize banks aren't one-size-fits-all, and neither are the strategies they can adopt for their core processing needs. Two community bank CIOs describe five strategies banks can pursue.

How Community Banks Can Take Advantage of Rising Interest Rates

Banker to Banker

This development is creating an opportunity for community banks to book longer-term fixed-rate loans with higher profit margins. However, borrower demand is forcing banks to make loans with 5, 10, and even 20-year fixed-rate maturities. How should banks protect themselves from the rising cost of funding and at the same time improve interest margins? CenterState Bank uses a strategy that enables the pricing of

Podcast: Giving Emerging Community Bank Talent ‘Opportunities to Shine’

ABA Community Banking

The fourth season of the ABA Banking Journal Podcast kicks off with Minnesota community bank CEO Andy Schornack. The post Podcast: Giving Emerging Community Bank Talent ‘Opportunities to Shine’ appeared first on ABA Banking Journal.

FIS Launches Community Banking Subscription Service

Banking Exchange

FIS has announced a subscription-based core banking solution, ClearEdge, that aims to grant U.S. community banks access to more advanced banking infrastructures Community Banking Payments Core Systems Feature3 Feature. 1Community Banking

Giving Community Banks The Contactless Card Boost


However, there may be an opportunity to get more contactless cards into the hands of consumers — an opportunity that involves community banks and is backed by financial incentives. That was the message of a recent PYMNTS interview between Karen Webster and Tina Giorgio, president and CEO of ICBA Bancard , the payment services subsidiary of the Independent Community Bankers of America (ICBA). ICBA Bancard’s 1,600 community bank customers have issued more than 7.3

CFPB Names New Members to Community Bank Advisory Council

ABA Community Banking

The Consumer Financial Protection Bureau today announced the appointment of new members to its Community Bank Advisory Council. The post CFPB Names New Members to Community Bank Advisory Council appeared first on ABA Banking Journal. Community Banking Newsbytes

Mnuchin: Community Banks Processed Almost All $875M+ In Relief


Treasury Secretary Steven Mnuchin said community banks have helped process many of the small business Paycheck Protection Program (PPP) loans. Mnuchin said in a tweet , “#PPPloan now over $875,000,000 processed almost all from community banks! Big banks taking applications and will submitting them shortly.” The bank’s portal came online on Friday morning (April 3) at roughly 9 a.m. In a social media post, U.S.

Community Bank embraces digital to deliver $50M in PPP loans 

Bank Innovation

The technological upgrades Happy State Bank made prior to the COVID-19 crisis has helped the lender service and onboard customers digitally and deploy its own SBA Paycheck Protection Program platform in a matter of days, CEO J. Pat Hickman told Bank Innovation. As of Friday afternoon, the Amarillo, Texas-based bank had received more than 1,250 […].

Coronavirus Response: Common Practices for Community Banks

ABA Community Banking

Nuts-and-bolts strategies to help banks respond to the coronavirus pandemic . The post Coronavirus Response: Common Practices for Community Banks appeared first on ABA Banking Journal. Community Banking Compliance and Risk Featured Human Resources Retail and Marketing Bank branches Coronavirus

Community Banks Boost Regional Presence with New Branches

Banking Exchange

Greenwoods buys branches from Town Bank, while Santa Cruz County Bank and Mountain America Credit Union announce openings Community Banking Feature3 Feature Management M&A. 1Community Banking

How Community Banks Go Public

Banking Exchange

Understanding the capital, regulatory and investor needs will allow a community bank to determine the best way forward Community Banking Feature3 Feature Management. 1Community Banking

Podcast: A Community Bank Coronavirus Playbook

ABA Community Banking

Amid the global coronavirus pandemic—and a massive response by policymakers—how can community banks best meet customer and employee needs while managing their balance sheets and loan portfolios? The post Podcast: A Community Bank Coronavirus Playbook appeared first on ABA Banking Journal.

How Crowdfunding Aims To Fill SMBs’ Community Banking Gaps


Community banks are often the familiar faces of the financial services world, and when small businesses seek capital, their neighborhood financial institution can be a promising place to start. While they continue to play an important role in small business financing, the community banking market is drastically shrinking in the U.S. We’re trying to turn community members into community bankers,” he said, “and allowing them to vote with their wallet.”.