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.

Agencies Temporarily Lower Community Bank Leverage Ratio to 8%

ABA Community Banking

As required by Section 4012 the CARES Act, the federal banking agencies today temporarily lowered the community bank leverage ratio, issuing two interim final rules to set the CLBR at 8% and then gradually re-establish it at 9%.

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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.

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 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.

Regulators expand capital relief for community banks

American Banker

After Congress temporarily lowered the leverage ratio used by smaller institutions, the federal agencies said they would allow a one-year transition before banks have to comply again with the regular standard. FDIC Minimum capital requirements Federal Reserve OCC Coronavirus Regulatory relief Community banks

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 ).

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?

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.

Giving Community Banks The Contactless Card Boost

PYMNTS

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. ICBA Bancard’s 1,600 community bank customers have issued more than 7.3

How to keep community banks thriving

American Banker

Community banking Consumer banking Community banks Under-served populations Federal Reserve Bank of Atlanta

Credit union to buy Minnesota community bank

American Banker

Wings Financial Credit Union expects to complete the purchase of Neighborhood National Bank in the third quarter. Community banking M&A Credit unions Minnesota

$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

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.

Rebeca Romero Rainey: A community banking resolution

Independent Banker

. “We look forward to serving you and your community bank in the year ahead.”. Happy New Year, community bankers! And if you haven’t done so already, I encourage you to also come up with a community banking resolution—one that helps you flourish as a professional.

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

Community bank works with Mark Cuban to help expedite stimulus funds

American Banker

Motivated by the entrepreneur and TV celebrity, Citizens Bank of Edmond is offering an overdraft line to give customers quick access to cash they will eventually receive from the federal government. Overdrafts Jill Castilla Coronavirus Community banks

ABA Supports Bill to Help Community Banks Support Customers Amid Pandemic

ABA Community Banking

The American Bankers Association today expressed support for legislation designed to facilitate community banks’ supporting their customers and ensuring daily operations during the coronavirus pandemic. Community Banking Newsbytes Policy CECL Community bank leverage ratio Coronavirus

Texas community bank lines up first acquisition

American Banker

Community banking M&A Growth strategies TexasWichita Falls Bancshares will gain four branches when it buys Chico Bancorp.

Veteran banker forms company to buy two Tennessee community banks

American Banker

Lineage Financial Network, led by former Franklin Financial CEO Richard Herrington, plans to acquire Sumner Bank and Citizens Bank. Community banking M&A Tennessee

When a Community Bank Expands Beyond Its Community

ABA Community Banking

Have you heard about the community bank that’s been chugging along for over 150 years, took on “Community Bank” as its name—and “bank happy” as its motto? Meet Community Bank, N.A.,

Community Banks Voice Frustration With Core Tech Providers

PYMNTS

Community banks are voicing their frustration with what they say is a lack of competition in the market for corporate bank technology providers, reports in The Wall Street Journal said Thursday (April 11).

Community banks seek broader exemption from CRA changes

American Banker

The OCC and FDIC’s proposal for modernizing the community reinvestment law would give banks below $500 million of assets the option to keep the current regime. FDIC Jelena McWilliams ICBA OCC CRA Community banking Regulatory relief Joseph Otting

How Crowdfunding Aims To Fill SMBs’ Community Banking Gaps

PYMNTS

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.”.

First New Community Bank In Decades Headed To US Market

PYMNTS

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. The U.S.

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

Coup for community banks could spell disaster for industry

American Banker

The recent Dodd-Frank rollbacks for smaller banks could encourage risk-taking that leads to a systemic issue. Dodd-Frank Volcker Rule Community banking TBTF Minimum capital requirements Risk-based capital rule House Financial Services Committee Senate Banking Committee

FDIC Final Rule Sets Community Bank Leverage Ratio at 9%

ABA Community Banking

The FDIC today approved a final rule allowing community banks with a leverage capital ratio of at least 9% to be considered in compliance with Basel III capital requirements and exempt from the complex Basel Calculation.

Community Bank Acquires SMB Digital Bank Seed

PYMNTS

Community financial institution (FI) Cross River Bank is acquiring Seed , a small business (SMB) digital banking company, reports in Reuters said on Monday (June 24). Reports noted that the bank declined to disclose financial details of the takeover.

CEO Q&A: Brand Presence for Community Banks

ABA Community Banking

A conversation with Tim Marshall, president and CEO of the Bank of Ann Arbor. The post CEO Q&A: Brand Presence for Community Banks appeared first on ABA Banking Journal. Community Banking Featured Human Resources Retail/Marketing Technology ABA Banking Journal Podcast Advertising Billboards Branding Employee benefits Leadership

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.

Today In Data: Driving Contactless Adoption With Community Banks

PYMNTS

Community banks could put more contactless cards into the hands of consumers with the help of the Independent Community Bankers of America (ICBA). million: The minimum number of payment cards that ICBA Bancard’s community bank customers have issued.

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

Why a community bank in Missouri is investing in core banking startup Neocova

Bank Innovation

For Brice Luetkemeyer, president and CEO of Bank of St. Elizabeth, a Missouri-based community bank with $150 million in assets, investing in a core banking startup is critical for its future. Together with a group of other community banks, Bank of St.

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.