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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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

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.

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.

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

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.

Community bank taps Neocova to ramp up data-driven insights

BankInovation

The Bank of St. Elizabeth, has tapped technology provider Neocova to help it derive business insights from its data in a partnership announced Thursday that will help the $180 million community bank unify its data on a single platform to run atop the bank’s core technology.

$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 […].

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.

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.

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.

Revenue drivers: The top 200 publicly traded community banks

American Banker

Mortgages Revenue and expenses Paycheck Protection Program Community banks Investment returns

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.

Countdown to CECL: A Timeline for Community Banks

Abrigo

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.

ABA’s Nichols Discusses Technology, Community Banking in Podcast

ABA Community Banking

The post ABA’s Nichols Discusses Technology, Community Banking in Podcast appeared first on ABA Banking Journal. Community Banking Newsbytes Technology ABA leadership Community banking Core processing Fintech

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.

Community banks lead investment in $150M fintech fund

American Banker

Digital banking Fintech Community banks

Community Banks Prep For Credit Rebound, Seek Agent Bank Alternative

PYMNTS

What do Tesla and incumbent OEMs have in common with FinTechs, community banks and legacy credit platforms? They (the smaller to mid-sized banks) need to realize that the [credit issuing] landscape has changed,” he said. We will pull the data from the bank.

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: 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 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.

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.

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?

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

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.

VyStar shrugs off community bank concerns, stays focused on growth

American Banker

Florida Credit unions M&A Growth strategies Community banks

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

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

Helping Community Banks Turn On The Innovation Switch

PYMNTS

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.”.

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.

How To Ensure Community Banks Aren’t Left Behind In The Digitization Revolution

PYMNTS

For banks of any size, the message is clear: Digitize or risk losing customers — or even risk failure. That’s even more true for community banks, which lack the resources larger FIs have to support modernization initiatives and technology investment efforts.

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.

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