Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. Regulators and industry consultants agree that community banks are generally doing a great job handling their regulatory oversight and requirements. increased operational risks.

Compliance 101

Compliance Regulation Community Bank Community 101

Independent Banker

JUNE 30, 2022

The Peoples Bank helped the Jones family of Legacy Dairy in Hiseville, Ky., From left, Ally Jones; bank chairman, president and CEO Terry L. Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. The bank provides crop insurance to farmers in 11 states.

Community Bank 172

Community Bank Community National Philadelphia 172

PYMNTS

MARCH 13, 2017

President Donald Trump said reducing Dodd-Frank regulations would benefit SMEs struggling to access financing, according to reports. Community banks are the backbone of small business in America.”. Congressional Republicans are looking to reposition funding for the CFPB and to restructure management of the bureau, reports noted.

Community Bank 101

Community Bank New Mexico Community Meeting 101

PYMNTS

DECEMBER 8, 2020

economic slowdown fueled by the COVID-19 pandemic is likely to continue into 2021 but could start bouncing back by mid-year as the population gets vaccinated, according to a December survey from the National Association for Business Economics (NABE). Report: Digital Lender SoFi Eyes IPO Via SPAC.

San Francisco 130

San Francisco Community Bank Video Capital 130

PYMNTS

FEBRUARY 8, 2019

In a reported phishing campaign that began last month, Bank Secrecy Act (BSA) officials at credit unions in the U.S. The outlet reported that the file “comes back clean via a scan at Virustotal.com,” however, the file’s body was said to include a link to a site that was malicious.

FDIC 134

FDIC Community Community Bank National 134

PYMNTS

OCTOBER 9, 2018

Banks and businesses alike are heading toward the 11th hour of changes in accounting standards, which will have a major impact on how companies report financial metrics and performance. For companies, the changes will disrupt their financial reporting in a big way when the requirements come into effect.

Community Bank 153

Community Bank Community Report Lending 153

PYMNTS

DECEMBER 11, 2020

Synctera Brings 'FinTech As A Service' To Community Banks. FinTechs want to offer compliant banking services, while community banks want new ways to grow deposits. Report: Digital Lender SoFi Eyes IPO Via SPAC. Trackers And Reports. The FinTech as a Service launched Tuesday (Dec.

Trends 175

Trends Fraud Millennials Community Bank 175

Independent Banker

DECEMBER 31, 2022

reports of suspected elder financial exploitation were filed in 2020. Community banks can help prevent, identify and report financial elder abuse. A number of ICBA solutions provide community bankers with the tools they need to assist customers who may be experiencing financial exploitation. Quick Stats.

Training 91

Training Community Resources Course 91

PYMNTS

APRIL 8, 2020

And even as financial institutions began to smooth out the process, the initiative hit another snag Monday when reports emerged that the SBA’s computer systems had crashed. With a focus on compliance, Wolters Kluwer revealed its new solution to enable financial institutions issue PPP loans to small businesses. Wolters Kluwer.

Lending 245

Lending Fintech America Technology 245

Independent Banker

SEPTEMBER 30, 2021

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. billion-asset community bank.

Community 139

Community Community Bank social media Security 139

Independent Banker

OCTOBER 31, 2022

AI can help solve customer pain points—but does it mean community banks will lose the personal touch they pride themselves on? As community bankers themselves tell us, the answer is no. The estimated amount of money banks will save by using AI applications by 2023. billion-asset Sunwest Bank in Sandy, Utah.

Community Bank 91

Community Bank Community Customer Experience Data 91

Abrigo

APRIL 8, 2020

BSA compliance remains crucial to protecting financial system. It is unlikely that the interim rule will lead to change for the BSA burden for most financial institutions since the requirements are critical in deterring and reporting money laundering, terror financing, and other illicit activity.

Compliance 195

Compliance Lending Fraud Community 195

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. By Katie Kuehner-Hebert. Data privacy and security is a hot topic and is only getting hotter. Bob Hickok.

Data 91

Data How To Community Bank California 91

CFPB Monitor

OCTOBER 9, 2018

regulatory agencies—the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the U.S. Ultimately,” the Statement warns, “each bank is responsible for ensuring compliance with BSA requirements.

Resources 68

Resources Compliance Community Bank Community 68

PYMNTS

JUNE 11, 2018

Change across the regulatory compliance landscape is de rigueur, and global in scope. In this case, suspicious transactions had not been reported, and the fine was tied to transactions that funneled funds from sales of drugs and firearms. Closer to home, in the U.S.,

Regulation 100

Regulation Community Bank Lending Industry 100

Independent Banker

SEPTEMBER 21, 2015

Supreme Court, it is, and the high court’s recent ruling to that effect is likely to affect community banks, their regulatory examinations and their potential exposure to fair lending lawsuits. Furthermore, community banks still have the defense of “showing a business reason to justify their policies.”.

Lending 70

Lending Community Bank Policies Community 70

Gonzobanker

MAY 17, 2022

For regional and community banks there has never been a more frustrating time to be a buyer versus a builder of financial technology. As one executive lamented regarding a vendor, “These guys don’t even have the manners to get back to us with reports on our issues.”. In 2021, the Standish Group reported that 83% of I.T.

Technology 135

Technology Regional Community Bank Community 135

PYMNTS

JULY 3, 2017

Earlier this month, NACHA (the National Automated Clearinghouse Association) sent its Government Relations Advisory Group on its annual pilgrimage to Capitol Hill. The CHOICE Act rolls back regulations that Sullivan said can pin down a community bank and prevent it from serving its function. Faster Payments Task Force.

Payments 113

Payments Bitcoin Compliance Community Bank 113

Independent Banker

FEBRUARY 24, 2016

“I know that unnecessary regulation saps the strength of community banks.” Federal banking regulators are always alert to emerging safety and soundness issues. Our examiners report that they are finding weaker protective covenants, extended maturities and a layering of risks in loan portfolios. Curry, U.S.

Community Bank 70

Community Bank Community Regulation Compliance 70

Abrigo

JULY 23, 2021

It is a concept that we have all heard of, however, the concept remains somewhat of a mystery in the community bank world. The North Korean government has been also found to have used chemical weapons against its own nationals. The agreement called for quarterly monitoring and reporting. and the U.N. financial system.

National 195

National Training United States Regulation 195

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. billion bank in the Mid-Atlantic region.

Fintech 194

Fintech Community Regional Technology 194

CFPB Monitor

OCTOBER 25, 2019

Section 1071 amended the ECOA to require financial institutions to collect and report certain data in connection with credit applications made by women- or minority-owned businesses and small businesses. John Taylor, President and Founder, National Community Reinvestment Coalition.

Tampa 60

Tampa Lending California Community 60

Abrigo

JULY 16, 2021

Community financial institutions have more frequently become targets of these illicit transactions, as larger banks commonly have more sophisticated monitoring systems for detecting and reporting suspicious activity. financial system and national security. financial system.

Community 195

Community Regulation Training Policies 195

Independent Banker

DECEMBER 13, 2015

1, 2015, and compliance with the rule is required by Oct. Credit card accounts are exempt from compliance until Oct. armed forces or servicemembers on active National Guard or Reserve duty, their spouses and their card-carrying dependents. 3, 2016, compliance date. The effective date of the final rule was Oct.

Lending 70

Lending Compliance Regulation Virginia 70

Independent Banker

JULY 30, 2015

Lindsay LaNore is responsible for ICBA’s new Community Banker University. She leads a team that works to identify, develop and offer courses that meet community banks’ educational needs. Her role is to make certain that relevant education is provided in a responsive manner to all community bank members. “I

Resources 70

Resources Tools Community Bank Conference 70

Jeff For Banks

JUNE 11, 2018

So went an informative branch research report put out by my old friend and excellent bank stock analyst, Matt Schultheis of Boenning & Scattergood. Won by the national banks. With all of our hubris about how great community banking is compared to national banks, we are not winning market share from them.

Taxes 60

Taxes Compliance Survey National 60

PYMNTS

MAY 31, 2017

Against this backdrop, Elan has been waging campaigns to get smaller banks to promote their cards as not only for primary use (and via plastic) but for default use as well, to close the gap with the larger and national players through debit rewards programs and other incentives. And that’s creating a problem for smaller institutions.

ATM 100

ATM Millennials Cards Management 100

PYMNTS

AUGUST 19, 2019

The latest Bureau of Labor Statistics reports show wages up by mid-single-digit percentage points. The fact that delinquencies have crept up a bit, and auto and student loans are up in recent reports is more a function of market dynamics than the consumers themselves, said Sanborn. The Bank Charter.

Lending 123

Lending Capital United States National 123

Abrigo

DECEMBER 16, 2019

Ours, who is Senior Vice President and Director of Credit Administration of Summit and its 32-location bank subsidiary, Summit Community Bank Inc., Transition to CECL with confidence. Get started. Start on CECL early. said financial institutions must devote the appropriate resources to the CECL process. “We

West Virginia 195

West Virginia Virginia Data Community 195

Gonzobanker

DECEMBER 19, 2022

SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Seacoast Bank is at it again… and this time it is blowing past $10B in a big way. In just five months, Seacoast announced three bank acquisitions ( Drummond, Apollo , and Professional ) totaling a little over $4.7B Q2’s Joe Cody.

Community 216

Community Fintech Industry Innovation 216

Jeff For Banks

MARCH 29, 2014

It is annual report season, meaning publicly traded financial institutions are finalizing their 2013 numbers and submitting their 10k''s to the Securities and Exchange Commission (SEC). This was abundantly clear while I was reading a 10k and forgot the bank. In preparation for meetings, I frequently read 10k''s.

Strategy 100

Strategy Texas San Antonio Fort Worth 100

Independent Banker

FEBRUARY 16, 2015

Sherrod Brown (D-Ohio), two lawmakers tapped to lead the Senate Banking Committee for their respective parties, are both independent-minded senators who hold positive views on several priority community banking issues. Richard Shelby (R-Ala.) So I would say he’s open to things we are concerned about.”.

Community Bank 70

Community Bank Alabama Ohio Community 70

CFPB Monitor

OCTOBER 13, 2020

We recently published a blog about the OCC’s proposed rule “National Banks and Federal Savings Associations as Lenders” (the “Proposed Rule”), which would clarify that a bank (or savings association) is properly regarded as the “true lender” when, as of the date of origination, it is named as the lender in a loan agreement or funds the loan.

Lending 60

Lending Colorado FDIC National 60

Independent Banker

AUGUST 26, 2015

She’s chief operating officer and vice president of the mortgage company, a division of Private Bank of Buckhead, in Atlanta. The bank’s mortgage company has developed a national retail lending presence over the last 18 months using phones and email, rather than branch offices. “We Legal aspects.

San Francisco 70

San Francisco Lending System Atlanta 70

Gonzobanker

DECEMBER 22, 2015

To those community bankers claiming their growing Compliance departments say no to everything. How about fighting harder with better examples and holding compliance officers as accountable as everybody else. Community bank marketing resources. Somebody-Call-the-Whaambulance Award. Did we hear a whaaaa?

Community Bank 60

Community Bank Apple Community Technology 60

Gonzobanker

DECEMBER 19, 2016

Mergerama Region of the Year – The Midwest: Huntington-First Merit, Chemical-Talmer, Old National-Anchor … the list goes on. Acquisition of the Year – Guaranty Bank and Trust Company in Colorado for its acquisition of Home State Bank. A Gonzo community bank being a leader and not a fast follower – that’s pretty cool!

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

Mergerama Region of the Year – The Midwest: Huntington-First Merit, Chemical-Talmer, Old National-Anchor … the list goes on. Acquisition of the Year – Guaranty Bank and Trust Company in Colorado for its acquisition of Home State Bank. A Gonzo community bank being a leader and not a fast follower – that’s pretty cool!

Utah 60

Utah System Community Marketing 60