ICBA: Building Bridges For The Next Generation Of Community Banks

PYMNTS

Community banking can be one of the most rewarding and most challenging areas of financial services in which to work — that’s the view, anyway, of Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America (ICBA) , who recently joined the nation’s leading advocacy organization that exclusively represents community banks. She was chairman and CEO of her family’s bank before making the move to ICBA. “I

Community Bank And FinTech Partnerships Gaining Traction

PYMNTS

Community banking may get a boost from technology, if recent activity is any indication. In Florida, reported American Banker – in the community banking realm – Seacoast Banking has paired with SmartBiz Loans to shorten the loan approvals process. The relationship, which has been in place since the end of last year, has helped the bank log $700,000 in gains from selling loans, as measured in the first quarter of this year.

Community Banks Aim To Amplify Competitive Edge With FinTechs

PYMNTS

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index. But small business lending is only one part of the banking puzzle.

Chamber Of Commerce Backs Community Bank Bill

PYMNTS

Chamber of Commerce is voicing its support for legislation that would ease regulatory burdens for the nation’s community banks in an effort to improve access to funding for small business borrowers. Main Street businesses depend on community and regional banks for the financing necessary to get started, sustain operations, manage cash, make payroll and create well-paying jobs,” the letter stated. The U.S.

CECL Will Change Community Banking

Banker to Banker

We are in agreement with the ICBA that FASB’s proposed current expected credit loss (CECL) model would place tremendous costs and regulatory burdens on community banks. However, it does not appear that the current proposal will be modified for banks under $10B in assets.

Maryland Community Bank Wades Into Cannabis Market

PYMNTS

has proven a challenging, complicated venture for the nation’s banks. As more financial institutions (FIs) warm up to the idea, one bank in Maryland is taking significant steps to address cannabis companies’ FinServ challenges. Reports in The Washington Post this week profiled Severn Savings Bank, a community bank in the state that is said to be providing services to legal marijuana businesses. B2B Payments B2B banking Cannabis News SMBs What's Hot In B2B

$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

The Role Of SMB Lending At Community Banks Is Changing

PYMNTS

Small business (SMB) lending is big business for community banks , which are a popular destination for small business borrowers, thanks to strong approval rates on loan applications. But new analysis from the Federal Reserve has identified a reversal in community banks’ position in the small business lending market. According to the report, small business lending at community banks dropped by 2.2 How Community Banks Interact with SMBs.

Why Community Banks Can’t Afford To ‘Wait and See’ About Faster Payment Innovations

PYMNTS

Are community banks missing the chance to climb aboard the faster payments train? With various banks and FinTechs producing innovative solutions — like mobile banking and P2P tools aimed at improving the speed of payments — the pressure is on for community banks to keep up.

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 Bank

Mortgage Relief Recognizes Community Banks’ Unique Role

Finer Points

It was a long time coming, but persistence paid off when the Consumer Financial Protection Bureau recently updated its mortgage regulations to ease unnecessary restrictions on many community banks. Advocacy Community Banks Grassroots Regulation Regulatory Relief WashingtonUnder an interim final rule, the CFPB expanded Qualified Mortgage eligibility for balloon loans held in portfolio and exempted more rural lenders from escrow mandates. That […].

Finastra Gains Foothold Among Community Banks with Malauzai Acquisition

Bank Innovation

Finastra, which was formed from the union of Misys and D+H, and calls itself the world’s third largest fintech company in the world, has acquired American software company Malauzai in an attempt to strengthen its foothold in the American banking market.

Vendor Selection for Community Banks

Banker to Banker

Community banks continue to look for ways to control expenses. Banks have increased the breadth of outsourced processes and functions: everything from check processing, website management, payment solution and even some underwriting analysis and sales leads.

Community Bank Persistence Pays Dividends

Finer Points

It wasn’t exactly what ICBA was advocating; nevertheless, nearly all community banks scored a major victory with the industry’s hard-fought exemption from a backdoor tax hike on most members of the Federal Reserve System. Following passionate industry advocacy to scrap a Senate-passed plan that would have required all Fed-member banks to pay for federal highways […]. Advocacy Community Banks Grassroots Regulatory Relief Washington

Community Banks, Where Moving Beyond Interest Income Is In The (Credit) Cards

PYMNTS

Think of banking and you might think of lending and deposits, where firms make money on the spread between what they pay savers and what they take in from borrowers. But banks cannot live on interest alone. Additional financial products and services must round out traditional banking activities. The community banking model is based on customer relationships and the allocation of capital and extending loans.

Countering The Aging Community Bank Customer Base

Banker to Banker

There was a time when the average community bank customer was the same age as the adult general population. Now, the average community bank customer is more than 5 years older than the general population and increasing in age at a faster rate.

NEW REPORT: Do Community Banks Need A Faster Payments Wake-Up Call?

PYMNTS

A group of 22 global banks announced their participation in a proof of concept for cross-border payments from financial messaging service provider SWIFT. Community banks meet the millennial generation.

The Advantage of LIBOR for Community Banks

Banker to Banker

Most community banks do not use LIBOR (London Interbank Offered Rate) to set loan or deposit rates, yet LIBOR is probably the most important index for community banks.

Community Bank's Favorite Loan Structure [Free Calculator]

Banker to Banker

For decades community banks have structured fixed rate loans with adjustable features. Probably the most popular structure for term credit at community banks is a 10-year fixed rate loan with a five-year reprice.

Reinventing community banking

ABA Community Banking

Trio of players on keeping the best as digital moves in CSuite Community Banking. 1Community Banking

NCR Launches Business Banking Mobile For Community Banks, Credit Unions

PYMNTS

22) it launched a new app dubbed Business Banking Mobile. The app will enable community financial institutions (CFIs) to compete with larger financial institutions by providing their business banking customers with iOS and Android access to this secure and easy-to-use account management platform. Business Banking Mobile will also feature biometric authentication by incorporating Touch ID and Eyeprint ID for added security. NCR announced on Thursday (Sept.

Loan Hedging Considerations for Community Banks

Banker to Banker

In a previous blog, we described what factors community bank managers might want to consider in analyzing a loan hedging program for their specific needs.

Rethinking community banks’ future

ABA Community Banking

Now is the time” CSuite Community Banking. 1Community BankingNot panic, but resolve—and some frustration.

Loan-Loss Plan Is Direct Hit on Community Bank Lending

Finer Points

It is no wonder that the banking industry strongly opposes the Financial Accounting Standards Board’s proposed reforms to loan-loan loss reserve calculations. The proposal would force community banks, in particular, to completely overhaul their approach to lending. Accounting Advocacy Community Banks Economy Regulation Small Business LendingThe following op-ed originally appeared Nov. 9 on American Banker’s BankThink blog.

How Can Community Banks Sail Through Growing Pains?

ForwardBanker

Community banks want big-bank budgets for new capabilities. Big banks want that community-bank feel for their customers. Which of these banks has the more difficult climb? The post How Can Community Banks Sail Through Growing Pains?

Community Bank Performance for 3Q 2015 [Presentation]

Banker to Banker

In order to give you the most current perspective on our banking industry, we have compiled the latest data and have attached a complete presentation at the bottom of this blog post. The net result was earnings for community banks being down.

Cutting the red tape for community banks

Sageworks

By eliminating or revising some of the items that banks must include in their call reports the FFIEC hopes to streamline the reporting and decrease the amount of time spent on them. The article allowed banking executives to weigh in on the subject. Blog Bank Credit Union

Community Banks’ Leg-Up On The SME Lending Giants

PYMNTS

Small community banks may not have the ample resources that Wells Fargo or Bank of America have to develop high-tech, experimental solutions internally. At least, Seacoast Bank VP and Digital Project Manager Jeff Lee and CEO Denny Hudson believe so. In fact, the executives recently told PYMNTS that community banks actually have an advantage over the big guys, especially when it comes to small business banking.

Community banks and the power of tradition.

Long Lasting Ideas

Continue reading Community banks and the power of tradition. at Bank Marketing Strategy + Ideas. bank marketing strategy community banks customer service bank marketing community bank community bank marketing credit union marketing

Millennials Are the Future for Community Banks

Finer Points

And according to ICBA’s recently released 2014 American Millennials and Banking Study, this generation represents a major opportunity for community banks. Community Banks Forget what you think you know about Generation Y. The nation’s millennials—the biggest and most diverse generation of customers in our nation’s history—account for more than $1 trillion in annual purchasing power.

Biggest Risks for Community Banks in 2016

Banker to Banker

Yesterday, when we discussed making macro allocation decisions, we mentioned being proactive in setting risk tolerances

How Community Banks Can Resecure Their CRE Lending Business

ForwardBanker

Commercial real estate loans have been integral to the success of many small banks. Long before the Great Recession made everyone in the banking industry rethink nearly everything about how they did business, numerous community banks were highly dependent on CRE loans for revenue.

Is Wells Fargo a Gift for Community Banks?

MZ Bierly Consulting, Inc.

Wells Fargo Just Gave Small Banks a Big Gift ( American Banker, September 15, 2016). After reading the American Banker article the week after the Wells Fargo news hit I polled about 20 community bankers on the subject. Here are a number of the replies, some from banks that complete with Wells, some that don’t. As an example, our COO did a beautiful job at a networking event sharing the bank’s culture, emphasizing family ownership and that “We are different.”

Trump Weighs In On Cordray At Community Bank Meeting

PYMNTS

In the continuing faceoff between the Trump administration and the Consumer Financial Protection Bureau (CFPB), the American Banker stated that President Donald Trump “deeply impressed” a group of community bankers at a Thursday meeting. That impression apparently came amid a give-and-take session where the president showed his “willingness to pull out all the stops” to help those banks attain relief from regulations governing the banking industry.

Community Bank Performance for 2Q 2015 [Presentation]

Banker to Banker

Here is our quarterly report on banking industry trends and insights ( HERE ). In a nutshell, banking improved by most measures as the average bank became more profitable. In a somewhat rare occurrence, lending got safer, yet loan pricing on new production improved.

Kansas City community bank plans fintech accelerator

BankThink

Fountain City Fintech, a program planned by NBKC Bank, would be one of the first fintech incubators formed by a community bank. Community banking Fintech Fintech regulations Missouri

Community bank credit comeback

ABA Community Banking

Small-bank lending bounces back in Q2; outlook remains strong Bank Performance Management Financial Trends Community Banking. 1Community Banking

Leveraging relationships: How community banks can win against mega-banks

Sageworks

Some of the most pressing challenges facing community banks and credit unions in the current banking environment include narrow interest rate margins, increasing pressure from regulators, and competition with “too-big-to-fail” mega-banks. One area where small community banks and credit unions have maintained an edge is in relationship lending. However, community banks and credit unions can still win with a community and relationship first focus.

Community Bank Performance for 1Q 2015 [Presentation]

Banker to Banker

In order to give you the most current perspective on our banking industry, we have compiled the latest data and have attached a complete presentation at the bottom of this blog post.

How Community Banks Can Win Treasury Management Business

Banker to Banker

If you have to battle the large national or regional banks for treasury management business, then you are in luck because competition is easy. Of course, many community banks don’t feel that way, but often that is because they have the wrong approach.