Independent Banker

FEBRUARY 28, 2022

What it means for community banks is clear. Throughout the near future, similar market volatility and uncertainty is likely to plague mortgage lenders, calling on community bank leaders to develop new strategies to aging challenges. Developing leaders in mortgage lending.

Leadership 91

Leadership Strategy Lending Community Bank 91

South State Correspondent

APRIL 3, 2023

Empirical evidence, historical bank failures, and common sense teach us that many risks do not translate to higher yields. The second article compared and contrasted community banks’ pay-for-risk and relationship business models. Top-performing community banks deploy relationship banking.

Community Bank 195

Community Bank Community Lending Marketing 195

Abrigo

OCTOBER 6, 2017

On September 27, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency released a Community Bank Summary entitled Proposed Simplification to the Capital Rule Pursuant to the Economic Growth and Regulatory Paperwork Reduction Act of 1996.

Regulation 150

Regulation Risk Management Community Bank Community 150

Abrigo

AUGUST 26, 2019

The community bank model is built around customer service, but for many bank and credit union customers, the definition of “good service” has been changing over the last couple of decades. Stay Up-to-Date On Lending Best Practices. Learn More. The 2018 J.D. Credit Risk. Learn More. Credit Risk. Learn More.

Conference 150

Conference Lending Oklahoma Alabama 150

Independent Banker

DECEMBER 13, 2015

New Military Lending Act regulations kick in next fall. Following a three-year study on predatory lending, the U.S. Department of Defense has now issued the final rule to implement the Military Lending Act. By Mary Thorson Wright. A “covered borrower” under the rule is an active-duty member of the U.S. 3, 2016, compliance date.

Lending 70

Lending Compliance Regulation Virginia 70

PYMNTS

FEBRUARY 25, 2019

The panel, which traces its genesis back two years, is comprised of two groups, focused separately on lending and payments, and is in turn part of CSBS Vision 2020. “As Our FinTech industry advisory panel did include a few community banks. We had some robust discussions with them about community banking and innovation.

Regulation 147

Regulation Fintech Community Bank Community 147

Independent Banker

NOVEMBER 30, 2021

Experts say community banks can use education, biometrics and solid cybersecurity practices to fight this growing area of crime. Say a scammer calls a community bank customer and gains their trust by using information obtained from a major data breach. By Elizabeth Judd. Examples of remote authentication fraud.

Fraud 160

Fraud Strategy Community Bank New York City 160

Gonzobanker

MARCH 13, 2018

As many community banks focus on growing their commercial lending businesses, many are embarking on transformation initiatives to improve their capabilities and competitiveness. making the commercial banking experience slick, intuitive and appealing—is an important step in the transformation journey.

Lending 60

Lending Technology User Experience Data 60

Independent Banker

APRIL 30, 2022

Independent Banker’s annual listing top-performing community banks of 2021 alongside interviews with some of the winners. In true community bank fashion, each has its own story to tell and its own path to success. In true community bank fashion, each has its own story to tell and its own path to success.

Community Bank 172

Community Bank Community Montana Taxes 172

Jeff For Banks

FEBRUARY 12, 2024

3/25 Before we start, a summary of a quote by Einstein that perfectly captures the concepts being discussed; doing the exact same think and expecting a different result is the definition of insanity. In 2018, started its LIHTC lending line. I will highlight $QCRH and $CFBK. 4/25 Look how much $CFBK accomplished in just over 4 years. (1/2)

Columbus 112

Columbus Indianapolis Capital Community Bank 112

Independent Banker

SEPTEMBER 21, 2015

Under the right circumstances, providing residential mortgages that fall outside of the new federal Qualified Mortgage definition could help a community bank grow its lending, some community bankers say. a $613 million-asset community bank serving central and northern Wisconsin that engages in non-QM lending.

Community Bank 70

Community Bank Lending Community Survey 70

PYMNTS

AUGUST 10, 2020

Earlier this month, Commercial Funding announced that it would be entering into the asset-based lending (ABL) arena to augment its existing AR financing solution. “AR financing is definitely something that fits certain industries,” he said, pointing to B2B sectors like transportation and construction as key targets.

Lending 132

Lending Capital Community Bank Marketing 132

Independent Banker

MARCH 15, 2015

The ICBA and community bank campaign to improve those rules has included a comprehensive study on their impact that was released before the CFPB announcement of its proposed changes, which are expected to be formally adopted. Alternatively, ICBA also urged the CFPB to expand its “small creditor” and “rural” definitions.

Washington 70

Washington Community Bank Community Survey 70

Independent Banker

FEBRUARY 24, 2015

The ICBA and community bank campaign to improve those rules has included a comprehensive study on their impact that was released before the CFPB announcement of its proposed changes, which are expected to be formally adopted. Alternatively, ICBA also urged the CFPB to expand its “small creditor” and “rural” definitions.

Washington 70

Washington Community Bank Community Survey 70

PYMNTS

JUNE 20, 2018

A lack of adequate products and services is a top concern for small businesses that are unhappy with their banks, FIS noted, particularly as entrepreneurs increasingly turn toward online and mobile platforms to manage finances. ” The community bank-FinTech collaborative strategy will be instrumental in that journey, noted Butler.

Community Bank 101

Community Bank Community Fintech Survey 101

Independent Banker

JUNE 30, 2022

But there are ways community banks can help mortgage-seekers get on the property ladder. Definitely, student loans can be an issue for some people, especially for those individuals who come out of college with jobs that are not equal in pay to what they have in student loan debt,” says Mark A. So how can community banks help?

Community Bank 143

Community Bank Community Millennials Resources 143

Independent Banker

OCTOBER 24, 2016

The National Credit Union Administration’s irresponsible power play earlier this year to ignore the explicit member business lending limits Congress has set for credit unions could not be ignored. percent-total-asset cap on credit union commercial lending that Congress purposefully put in place. Supreme Court if necessary.

Community Bank 70

Community Bank Community Lending Regulation 70

Independent Banker

OCTOBER 14, 2014

Robust online mortgage websites embrace today’s lending challenges as well as consumer needs. When Community Bank of Bergen County unveiled its online mortgage hub this summer, the bank put “ease of use” at the top of its goals for the site, says President and CEO Peter Michelotti. “I By Elizabeth Judd.

Community Bank 70

Community Bank Lending Community Oklahoma City 70

Independent Banker

DECEMBER 29, 2015

Since then, community banks have been struggling to understand all of the regulation’s various complex “moving parts” and how to best comply with it, says James Kendrick, vice president for accounting and capital policy at ICBA. ICBA supports strong minimum capital levels for all banks, including community banks.

Community Bank 70

Community Bank Community Capital Lending 70

CFPB Monitor

MARCH 30, 2020

Section 4011 – Temporary Lending Limit Waiver. Section 4012 – Temporary Relief For Community Banks. Pursuant to the EGRRCPA, Bank regulators had announced the Community Bank Leverage Ratio at 9% of Total Assets. Section 4016 – Temporary Credit Union Provisions.

Regulation 122

Regulation United States Community Bank National 122

Jeff For Banks

NOVEMBER 7, 2015

Me to a community banker: Why don't you offer more options than real estate secured lending to help fund early stage businesses? Banker: Because that's not community banking. I've been in this business over 20 years and still don't know the definition of community banking. I've got news for you.

Community Bank 60

Community Bank Community Baltimore Lending 60

Independent Banker

JANUARY 28, 2016

Supreme Court held that financial institutions could be held liable for neutral practices that pose adverse lending decisions against certain borrowers, even when there is no intent to discriminate, but with restrictive guidelines. IB: How could fair lending exams change as a result of the Supreme Court’s ruling? Thomas: Definitely.

Policies 70

Policies Lending Community Analysis 70

Independent Banker

SEPTEMBER 21, 2015

Through hard work in the programs, she earned certifications as a Certified Community Bank Compliance Officer, a Certified Bank Secrecy Act/Anti-Money Laundering Professional, and a Certified Community Bank Internal Auditor. I’m a better compliance officer because of those programs,” she says. “I

Compliance 70

Compliance Community Bank Community Training 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. The suboptimal structure of the bank tech world today has several root causes: Bank functional requirements go wide and deep. The industry lacks an efficient tech ecosystem.

Technology 147

Technology Regional Community Bank Community 147

Independent Banker

DECEMBER 28, 2015

Far more than any other issue, regulatory compliance is the biggest challenge community bankers experienced in 2015, with 43 percent naming it as such in ICBA’s State of the Community Banking Industry survey. First Security, a $180 million-asset community bank in New Salem, N.D., And Center, N.D.,

North Dakota 70

North Dakota Community Bank Community Compliance 70

Gonzobanker

FEBRUARY 20, 2021

Additionally, the platform can be extended to include point of sale (POS) modules for consumer lending (credit card, loans and mortgages) and small business/commercial lending offerings. The account origination and lending POS solutions are made available through the digital, branch and contact center channels. The recent $2.5B

Digital Banking 97

Digital Banking Lending ATM Atlanta 97

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., The bank originally considered mixing two methodologies – PD/LGD and cohort, but due to a lack of risk rating data, it would have only had data points for PD/LGD going back to 2012.

West Virginia 195

West Virginia Virginia Data Community 195

PYMNTS

JANUARY 31, 2019

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. With clearance to move forward with its plans, the community banking landscape will see its first new industry player in years.

Community Bank 122

Community Bank Community FDIC Marketing 122

Jeff For Banks

APRIL 25, 2014

This all comes with fewer banks than there were in 2007. Investment bankers will tell you the definitive answer, which is of course their opinion. of Ocala, Florida on the bank''s sale to Heritage Financial Group, Inc. What is driving deal volume? Our combination.

Community 95

Community New York Indiana Connecticut 95

Celent Banking

MARCH 16, 2015

With interest rates low and new regulations following the financial crisis, banks are running incredibly thin margins, and traditional revenue sources are no longer viable. P2P lending), and new payment schemes. Community banks differentiating from large institutions : This was a common thread running throughout the presentations.

Conference 100

Conference Retail Community Bank Community 100

Independent Banker

MARCH 15, 2015

Thoughtful lending and an open mind keep profits strong for incoming ICBA chairman Jack Hartings. The Peoples Bank Co. While out-of-town lenders gave money to customers requiring no down payments to buy overpriced homes that they couldn’t afford, Hartings, the president and CEO of The Peoples Bank Co. By Kelly Pike.

Ohio 70

Ohio Community Bank Community Lending 70

Jeff For Banks

DECEMBER 28, 2023

I work for The Kafafian Group, a community bank consulting firm based in Bethlehem, Pennsylvania. Many of my readers might not know what my firm does, so I want to dedicate this post to the problems we help community bankers solve. We offer an online portal where clients can view their reports down to the general ledger level.

Groups 87

Groups Capital US Community 87

Gonzobanker

APRIL 14, 2015

Looking around online, the closest competing offers I found were $300 from a couple of regional banks, but none from community banks or credit unions. I also noticed online that OnDeck was alongside Wells Fargo and Bank of America in the Top 5 search rankings for business loans.

Marketing 60

Marketing Community Bank Branding Community 60

Independent Banker

JULY 28, 2016

To make the CMS framework effective, every community bank needs to customize it in the context of its profile and performance. Just how can your community bank do all of those things? Here are sets of relevant CMS questions your community bank should ask: Does HMDA (or the MLA) apply to our bank?

Compliance 70

Compliance Training Community Bank Regulation 70

Abrigo

SEPTEMBER 14, 2022

Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. The proposed rule , unveiled Sept. Points of Note. Controversial Provisions.

Lending 195

Lending Data Regulation Community 195

South State Correspondent

JUNE 27, 2023

It’s a way for banks to speak with each other, and it started to be phased in during the first quarter of this year with the goal of a complete conversion by 2025. While this is mostly the domain of large banks, there are three reasons why your community bank should consider adopting this language to increase future bank performance.

System 195

System Data Examples Payments 195

Independent Banker

NOVEMBER 30, 2021

Many hotels and other hospitality businesses haven’t fully bounced back from COVID-19 travel and safety restrictions, but community banks have been by their side through the challenges. MainStreet Bank has a sizable hotel loan portfolio with roughly $100 million in loans on 15 properties. Sushil Patel, State Bank of Texas.

Community Bank 209

Community Bank Community Texas Dallas 209