Community Banks Accelerate FinTech Integrations

PYMNTS

For more community banks, the latter strategy can fast-track digitization initiatives. Finastra Chosen by Community FI. The bank will also have access to FusionFabric.cloud, its developer platform and marketplace, to integrate pre-built solutions into its own offering.

Community Banks Embrace FinTech Pairings

PYMNTS

From helping banks service legal marijuana firms to connecting financial institutions (FIs) to tech that streamlines business account opening, the latest bank-FinTech pairings target a range of use cases for corporate financial services. Spence Labs Pairs For Cannabis Banking.

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United Community Banks Merge With Reliant Bancorp

PYMNTS

United Community Banks and Reliant Bancorp are merging in an estimated $517 million all-stock transaction, according to a Thursday (July 15) press release. banks had 19 deals in April, the most since the COVID-19 pandemic took hold in the U.S.

7 ways community banks can boost profitability

Independent Banker

Here’s what community bankers need to know when planning their budgets for the next year. of digital banking customers said they switched to digital banking because of the pandemic. Source: 2021 Provident Bank survey. That’s the approach Sunrise Banks in St.

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.

ICBA’s 2021 National Community Bank Service Award winners

Independent Banker

This year’s winners: Left: Central Valley Community Bank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional Community Bank Service Award; Right: Cross River Bank, Emerging Service Program Award. Exceptional Community Bank Service Award.

Royal Credit Union buying Minnesota community bank

American Banker

Credit unions M&A Community banks

CFPB Names New Members to Community Bank Advisory Council

ABA Community Banking

The CFPB 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

The community bank’s complete guide to building trust

Independent Banker

In this feature, we’ll look at a number of ways you can continue to build trust—an especially crucial task as the pandemic continues, telecommuting persists and consumer banking practices evolve. But for most community banks, building a trustworthy brand isn’t a conscious effort.

How Community Banks Survived the COVID Pandemic

ABA Community Banking

CEO survey reveals banks’ resilience, commitment to employees and communities. The post How Community Banks Survived the COVID Pandemic appeared first on ABA Banking Journal.

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.

Community Banks Drive Innovation For SMBs With FinTech Collaboration

PYMNTS

Small- to medium-sized business (SMB) banking has faced an uphill battle over the decades. While this paradigm initially pitted those FinTechs in direct competition with banks and credit unions (CUs), today, the ecosystem has seen a shift in favor of the SMB.

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

Community Bank System acquires employee benefits firm

American Banker

M&A Community banks

Community Bank Outlook: Challenges and Opportunities in 2021 and Beyond

Abrigo

How can community financial institutions thrive in 2021? Community banks provide unique and important banking services for their customers, but they also face significant obstacles. Takeaway 2 Community banks are at a crossroads: innovate or be left behind (or acquired).

Podcast: The Community Bank Cycle of Opportunity

ABA Community Banking

When Gilda Nogueira's family immigrated to the United States, East Cambridge Savings Bank in Cambridge, Massachusetts, helped them land on their feet and begin their new life in America. Today, Nogueira pays this opportunity forward through community banking as president and CEO of ECSB.

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

Podcast: Inside a Community Bank’s ESG Strategy

ABA Community Banking

On the latest episode the ABA Banking Journal Podcast, Berkshire Bank President and CEO Nitin Mhatre discusss Berkshire Bank's "BEST Community Comeback," a new $5 billion ESG-focused initiative at the Massachusetts-based midsize community bank. The post Podcast: Inside a Community Bank’s ESG Strategy appeared first on ABA Banking Journal.

Putting the ‘Community’ into Community Banking

ABA Community Banking

Banks contribute to their communities and local organizations in ways that matter a lot during the pandemic. The post Putting the ‘Community’ into Community Banking appeared first on ABA Banking Journal.

Virginia Community Bank Eyes Listing

Banking Exchange

John Marshall Bank has reported record earnings for nine quarters in a row Feature Feature3 Community Banking. 1Community Banking

Community banks are getting too little credit for PPP loans

American Banker

Community banking Regulation and compliance

$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 […].

Overcoming Lending Challenges for Community Banks

Banker to Banker

Covid-19 and the responses to the pandemic are exerting various pressures on community banks. In this article, we focus on four key steps of what banks can do to continue to add earning assets to their balance sheet.

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.

Community Banks Embrace Faster Payments’ Competitive Edge

PYMNTS

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.

Community Banking According to Andy

Jeff For Banks

One of my tweeps (Twitter friends), is Andy Schornack, CEO of Flagship Bank Minnesota, based in Wayzata. He exemplifies the best of next generation bank leadership, with eyes wide open to the next iteration of banking in our rapidly changing environment.

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.

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.

Community Banks Debut FinTech Alliance

PYMNTS

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.

More community banks join OTC platform to raise profile with investors

American Banker

Lending Community banks

When Community Banks Should Go Public

Banking Exchange

Covid-19 and the country’s economic response has provided smaller, relationship-driven banks the opportunity to showcase their strengths Community Banking Covid19 Feature Management Financial Trends Feature3 PPP Retail Banking. 1Community Banking

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

PYMNTS

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! In a social media post, U.S.

Awaiting its own merger, Virginia community bank invests in mortgage firm

American Banker

M&A Community banks

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.

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?