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

Independent Banker

JUNE 30, 2022

Effects of the pandemic and other factors creating unpredictability have changed how community banks approach their credit and lending operations. Bankers and industry observers have several recommendations for how community banks can come up with risk ratings and rankings that foster safe growth in a volatile economic climate.

Management 103

Management Community Bank Community Regulation 103

Abrigo

APRIL 7, 2022

Today’s financial marketplace is challenged by increasing regulation, high expectations for fast and mobile financial services, and new fintech companies joining the already competitive arena. When two financial institutions come together, the AML and fraud compliance functions will need to be consolidated. BSA Rules and Regulation.

Compliance 195

Compliance Policies Fraud Analysis 195

Abrigo

DECEMBER 2, 2021

Indeed, deposit levels to transaction accounts among community banks exploded 74% to $896.5 31, 2019, and June 3, 2021, according to the Community Banking in the 21st Century report. During the pandemic, fraud activity has increased, and fraudsters have found new ways to scam bank customers and credit union members.

Conference 195

Conference San Antonio Lending Fraud 195

Abrigo

DECEMBER 17, 2021

Takeaway 2 When evaluating a fintech partnership, ask how the vendor will help with integration, training, and ongoing success. As the saying goes, “the only constant in life is change,” which is certain for the banking industry. Are there added fees involved for training? How easy is it to access assistance from the vendor?

Fintech 195

Fintech How To Innovation System 195

Independent Banker

SEPTEMBER 30, 2020

Virtual Community Banker University courses provide education and training around timely topics, including emerging regulatory issues. In an environment where compliance accounts for upwards of $4.9 billion of community bank expenses, what more can we expect as a result of new programs like PPP?

Community 116

Community Community Bank Compliance Training 116

Independent Banker

JULY 28, 2016

Establishing a comprehensive Compliance Management System. Does it sound like “reality compliance”? The demands of managing regulatory compliance are uncontested, and depending on the disposition of the participants inside and outside of the bank, compliance management exists with varying degrees of problems and adversity.

Compliance 70

Compliance Training Community Bank Regulation 70

Independent Banker

SEPTEMBER 21, 2015

Tips on how to keep up with never-ending Bank Secrecy Act compliance. It may seem lately that complying with Bank Secrecy Act and anti-money laundering rules is a Sisyphean task. Of course, keeping up with those four tasks for managing BSA compliance are enough to keep a team of bankers busy. Do not skimp on training.

Training 70

Training Compliance Community Bank Community 70

Independent Banker

AUGUST 25, 2016

Audit to check and balance the compliance management process. While the saying irritated the Russians to distraction, the phrase can be a useful reminder for the essential role that effective auditing plays in the compliance process. A bank’s CMS may look impressive and may appear comprehensive on the surface, but is it effective?

Compliance 70

Compliance Training Community Bank Regulation 70

Independent Banker

JULY 29, 2016

Last year Community Banker University’s eight certification programs provided more than 4,000 community bankers with highly tailored training. Community Banker University certification programs offer real-world, useful advice that community bankers can use immediately. It also offers online training available 24/7.

Minneapolis 70

Minneapolis Community Bank Community San Antonio 70

NCR

AUGUST 31, 2016

Yet banks need one important yet not easily attainable ingredient to do mortgages right in an era of ever-increasing rules and regulations—quality. Some banks choose to overcome the quality hurdle—which is demanded by both regulators, GSEs and investors—by hiring their own QC staff.

Community Bank 49

Community Bank Community Guidelines Compliance 49

Independent Banker

AUGUST 25, 2016

The result will be more Bank Secrecy Act/anti-money laundering information collection and recordkeeping for community banks, says Lilly Thomas, ICBA vice president and senior regulatory counsel. For that reason, preparation should begin now to train staff in the new requirements and to execute them on time. CFPB Updates.

Compliance 70

Compliance Community Bank Training Virginia 70

Gonzobanker

APRIL 28, 2016

The amount of regulation in the financial industry is staggering and has understandably been top of mind for most CEOs. According to Cornerstone Advisors research , roughly six in 10 community bank and credit union CEOs are concerned with the regulatory burden. The best banks aren’t just compliant with new regulations.

Regulation 60

Regulation Management Community Bank System 60

Independent Banker

SEPTEMBER 21, 2015

ICBA’s in-depth certification programs vault compliance officers to the highest standards. imberly Anderson, senior vice president and chief administrative officer of Cañon National Bank in southern Colorado, became her community bank’s loan compliance officer in 2003. By Ed Avis.

Compliance 70

Compliance Community Bank Community Training 70

Independent Banker

FEBRUARY 24, 2016

Three steps to strengthen your bank’s customer complaint management. Yet community banks, as relationship builders, don’t like to hear customer complaints. Banks need to take steps to prevent what once could become a customer-relations headache from turning into a regulatory migraine. By Mary Wright Thorson.

Compliance 70

Compliance Regulation Community Bank Virginia 70

Abrigo

SEPTEMBER 7, 2023

They can result in sub-optimal lending for community banks and credit unions as well as the communities they serve across the country. Banks and credit unions that can break down and determine the efficiencies of their teams and individuals are better able to highlight areas where a team needs more assistance.

Report 195

Report Lending Trends Data 195

Social Assurance

JULY 31, 2020

The new Community Reinvestment Act regulations from the OCC have been released! We’ve spoken previously about the key deadlines for compliance and how your financial brand can be the spark for engagement in your community. This can also be done through the bank’s website or via a community partner.

Community 15

Community Compliance Meeting Branding 15

Independent Banker

OCTOBER 14, 2014

According to a statistic released as part of the ICBA 2014 Top 50 Community Bank Leaders in Social Media, nearly 2,500 banks have a Facebook or Twitter presence, and the numbers continue to exponentially grow. It is apparent everywhere you turn that social media is one of the hottest new communications tools in our society.

social media 88

social media Risk Management Compliance Community Bank 88

Independent Banker

JUNE 30, 2022

If community banks put in the effort to foster a sense of belonging, the result is a stronger workplace culture, greater employee loyalty and, ultimately, a better experience for customers. So, how can community banks build truly inclusive cultures, where everyone feels like they belong? Misti Stanton, Mercantile Bank.

Community Bank 91

Community Bank Community Leadership Millennials 91

Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. Since COVID-19, profitability planning for community banks has mainly hinged on how the government was coping with the pandemic and the key role financial institutions played in keeping the economy afloat. By Elizabeth Judd.

Strategy 135

Strategy Community Bank Louisville Community 135

Jeff For Banks

JULY 8, 2017

I believe that we are in this era of weak growth, now eight years old, for the long haul unless changes are made to regulation and we stop adding debt at break-neck speed. And some good ideas have been presented, including job training and increased education for those whose skills may not match available job openings. We shall see.

Marketing 60

Marketing Community Bank Security Data 60

Abrigo

MAY 8, 2024

GenAI is seeing varied use cases in banking. Takeaway 3 Regulators are closely watching expanded uses of AI and generative artificial intelligence. Harnessing benefits Generative AI use cases are increasing The excitement kicked up by generative AI, or genAI, has some banks exploring its uses.

Examples 195

Examples Fraud Resources Risk Management 195

PYMNTS

JULY 3, 2017

The CHOICE Act rolls back regulations that Sullivan said can pin down a community bank and prevent it from serving its function. Community banks are spending more money and resources on hiring compliance people than they are on lending to their community,” he said.

Payments 113

Payments Bitcoin Compliance Community Bank 113

Jeff For Banks

MARCH 29, 2014

These services are provided through a variety of delivery systems including automated teller machines, private banking, telephone banking and Internet banking. We believe we can effectively compete as a community bank in our market area and the niche markets we serve. We focus our marketing efforts in three areas.

Strategy 101

Strategy Texas San Antonio Fort Worth 101

Gonzobanker

DECEMBER 19, 2022

Financial institutions that relied on mortgage banking fee income as a key earnings component have been left to make big adjustments. As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. Goes to the new Fiserv.

Community 216

Community Fintech Industry Innovation 216

Gonzobanker

DECEMBER 19, 2016

The “Slo Mo” Merger Award – Goes to New York Community Bancorp for its glacial wait for approval of its proposed acquisition of Astoria Financial Corp. Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. V: “On the training extranet.”. Check it out on YouTube. see [link] ).

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

The “Slo Mo” Merger Award – Goes to New York Community Bancorp for its glacial wait for approval of its proposed acquisition of Astoria Financial Corp. Maybe a regulator was out sick or on maternity leave, but this is one crawling bureaucratic nightmare. V: “On the training extranet.”. Check it out on YouTube.

Utah 60

Utah System Community Marketing 60

Independent Banker

OCTOBER 1, 2022

Neil Zick, president and CEO of Twin City Bank, helped Tim Norris obtain financing to start The Link Cannabis Co. When Oklahoma legalized the sales of cannabis for medicinal purposes in 2018, executives of $550 million-asset Blue Sky Bank in Tulsa, Okla., It’s a strategy that an increasing number of community banks are embracing.

Marketing 113

Marketing Compliance Community Community Bank 113

Abrigo

JULY 23, 2021

The regulations are forthcoming, but institutions now should begin the process of performing a threat-focused risk assessment which will guide them where to focus their efforts. It is a concept that we have all heard of, however, the concept remains somewhat of a mystery in the community bank world. BSA Rules and Regulation.

National 195

National Training United States Regulation 195

CFPB Monitor

JULY 5, 2022

While fair lending has already been identified as a priority for banking regulators by the Biden Administration, the GAO report, particularly its findings regarding the decline in annual fair lending examinations and deficiency findings leading to matters requiring attention at smaller banks, could further fuel the OCC’s focus on fair lending.

Lending 78

Lending Report Policies Handbook 78