Gonzobanker

FEBRUARY 22, 2024

Community banks need to analyze the demographics and varied business segments to identify the growth potential of each market. Another key player for successful small business banks is the vice president of business lending, who manages the relationship managers and reports to the chief lending officer.

Lending 78

Lending Community Bank Community Strategy 78

Abrigo

JANUARY 17, 2023

A lot of us used a customer portal for PPP Lending due to the mere volumes of customer loan requests and documents flowing to/from the bank and the customer. Customers were used to this bank interface after two rounds of PPP, and then we dropped it like a lead balloon. Loan Review and regulators love this as well.

Lending 195

Lending System Customer Experience Case Study 195

Independent Banker

APRIL 30, 2022

During the pandemic, many community banks needed to change how they operated. For this and other reasons, now is a good time to review and refresh articles, bylaws and committee charters to ensure resilience and bolster risk management. But if they see it as a risk management tool, it’s a game changer. By Susan Springer.

Oregon 91

Oregon Community Bank Community Meeting 91

Independent Banker

JUNE 30, 2022

Working through any difficulty or crisis at your community bank won’t be a walk in the park, but it may lead to an experience for which you’re truly grateful. As a community banker, you’re either going through a crisis or you’re preparing for one. And today, CAMELS are a main area of focus for our bank. My top three.

Community Bank 171

Community Bank Community Lending Training 171

Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. The better prepared, the less likely they are to run afoul of the continually shifting regulations. Benjamin Franklin famously said that “by failing to prepare, you are preparing to fail.”

Compliance 101

Compliance Regulation Community Bank Community 101

Independent Banker

JUNE 30, 2022

From there, the loan assistant would key it in and produce loan documents. While it has had some benefits, like stronger risk management for our banks, it has made the customer process much more daunting. But community banks have adapted to address that shift. That was it. That was the process.

Lending 141

Lending Idaho Nevada Oregon 141

Abrigo

AUGUST 31, 2023

But in 2023, KYC procedures must include extra steps to reasonably confirm that the client is who they claim to be and position your bank as an inclusive environment for clients. Mid-level employees often feel anxiety when performing KYC procedures that involve questions that may seem uncomfortable.

Compliance 195

Compliance Community Training System 195

Abrigo

OCTOBER 23, 2014

But how can this growth be managed appropriately? CEIS Review , a New York-based bank consulting firm, highlights the shift in a recent article. Community banks certainly want to remain conservative with risks and follow regulations.

Risk Management 186

Risk Management Management Lending Resources 186

Abrigo

JULY 16, 2021

Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare. While these are general today, the AMLA requires that regulations be written around each Priority, as appropriate. There is no doubt that the Priorities are broad, as regulations have yet to be written.

Community 195

Community Regulation Training Policies 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. You can also incorporate the results into the asset/liability management model and develop stress testing scenarios down the road.

Conference 195

Conference San Antonio Lending Fraud 195

Abrigo

MARCH 2, 2023

Experts have highlighted numerous lessons from Southwest’s experience, many of which can benefit bank and credit union executives, regardless of their institution size, as they manage competing priorities for spending and growth initiatives on banking solutions.

Technology 195

Technology Lending Community Software 195

Independent Banker

AUGUST 31, 2022

Community banks can get up to speed on current legislation and regulations to both protect their customers from unauthorized or false deposit account transactions and to prevent them from happening in the future. The primary resource for deposit account error resolution is Regulation E—the Electronic Funds Transfer Act (EFTA).

Community Bank 91

Community Bank Regulation Community Training 91

Abrigo

APRIL 1, 2015

A recent Wall Street Journal article by Victoria McGrane and Jon Hilsenrath highlighted how the nation’s regulators are increasingly questioning and turning their focus toward bank boards. These smaller banks have also seen new, and more frequent, attention from regulators. How complex is the bank’s operating model?

Risk Management 150

Risk Management Community Bank Regulation Boston 150

Abrigo

NOVEMBER 7, 2019

Strategies to lessen the impact of CECL on smaller community banks. How to lessen the impact of CECL on smaller community banks. Many smaller community financial institutions are driving the conversation of cost vs. benefit regarding CECL. WARM was geared specifically to community banks. Learn More.

Community Bank 150

Community Bank Community Lending Analysis 150

Abrigo

NOVEMBER 9, 2022

Many institutions are well on their way to being ready, but others are still working through the process,” said Garver Moore, Managing Director of Abrigo’s Advisory Services. Some CECL consultants can provide financial institutions with the model and initial allowance calculation, including documentation of the decision and backtesting.

Survey 195

Survey Software Resources Meeting 195

Jeff For Banks

OCTOBER 3, 2015

Glenn Moyer, the former Secretary of the Pennsylvania Department of Banking and Securities (pictured), spoke at a banking industry event this past week. His subject: How to love your regulator. Regulator relations is a pressure point in our industry. Never ask your regulator “What would you like me to do?

Pennsylvania 60

Pennsylvania Regulation How To Management 60

Independent Banker

SEPTEMBER 25, 2014

A community bank’s practical guide to compliance cost control. Few community banks have the luxury of ripping and replacing their entire compliance management strategy, leaving many executives on the hunt for practical tips. Bank leaders can eliminate at least one outsourced audit and conduct it internally instead.

Community Bank 105

Community Bank Compliance Community Resources 105

Independent Banker

OCTOBER 31, 2021

The CARES Act extended the CECL implementation deadline for many larger community banks until the end of the COVID-19 pandemic. Community bankers tell us that while the extension is welcome, they’re already down the road to implementation. ICBA tells FASB CECL isn’t feasible for community banks. By Stephanie Vozza.

Community Bank 91

Community Bank Community Software New York City 91

Abrigo

SEPTEMBER 2, 2020

In Abrigo’s 2020 Business Lending Readiness Survey , conducted in late Q4 2019, community financial institutions revealed numerous ineffective, poorly automated areas within their banks or credit unions, including manual data entry, re-keying customer information numerous times, and using Excel spreadsheets to manage the borrower pipeline.

Lending 259

Lending Community San Antonio Survey 259

PYMNTS

JANUARY 23, 2020

A Wells Fargo regulator is planning a civil suit against 10 former company executives for their roles in its retail banking scandals. DocuSign processes nearly 800,000 signed documents every day, making it a prime phishing target. OCC Prepares Civil Suit Against Former Wells Fargo Executives. DocuSign Wages War On Phishing.

Fraud 131

Fraud Community Bank Analytics Study 131

Independent Banker

AUGUST 31, 2016

E-signature is a hot technology now in the industry; many community banks are adopting the technology to keep pace with consumer demographic preferences. If your community bank hasn’t already looked into using e-signatures, now is a good time to start. For the markup to be repeatable and automated, banks need templates.

Community Bank 72

Community Bank Compliance Minneapolis Community 72

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

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

Abrigo

SEPTEMBER 2, 2020

In Abrigo’s 2020 Business Lending Readiness Survey , conducted in late Q4 2019, community financial institutions revealed numerous ineffective, poorly automated areas within their banks or credit unions, including manual data entry, re-keying customer information numerous times, and using Excel spreadsheets to manage the borrower pipeline.

Lending 195

Lending Community San Antonio Survey 195

Independent Banker

JANUARY 28, 2016

As in past years, community bankers will have a dynamic regulatory environment to contend with in 2016. Safety and soundness concerns will remain a prominent driver of that supervisory dynamic for community banks. IB: What safety and soundness issues are the regulators watching out for this year?

Community Bank 70

Community Bank Community Regulation Lending 70

Abrigo

NOVEMBER 24, 2014

The prevalence of stress testing within banks and credit unions has risen considerably in recent periods thanks to increased regulatory attention and the benefit of greater insight into financial institutions’ portfolios. Develop and document appropriate and relevant scenarios or “what-ifs” 4. Define the objective 2.

How To 223

How To Analysis Exercises Data 223

Abrigo

JANUARY 19, 2015

The Recession and its subsequent rate of bank failures underscore the need for banks of all sizes to invest in developing a capital plan. The Recession taught many institutions that whatever processes had been in place for managing capital were not sufficient. Management framework for preserving capital.

Capital 150

Capital Analysis Policies Examples 150

Independent Banker

AUGUST 25, 2016

Audit to check and balance the compliance management process. Community bank compliance officers spend the lion’s share of their time executing compliance management programs by learning about and analyzing regulatory requirements, providing training on them and helping business units implement them.

Compliance 70

Compliance Training Community Bank Regulation 70

Independent Banker

JULY 28, 2016

Establishing a comprehensive Compliance Management System. 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. Do we also have a state regulator?

Compliance 70

Compliance Training Community Bank Regulation 70

Independent Banker

AUGUST 26, 2015

Paperless document-signing technology is growing among banks and consumers. Today, many community banks are exploring how to “go paperless”—whether for cost reasons, a better customer experience or a deliberate outreach to a younger, technology-oriented demographic. By Mark Pfeifer.

Community Bank 70

Community Bank Minneapolis Community Online 70

Independent Banker

DECEMBER 28, 2015

Outsized regulation shapes the business climate and decisions. 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. By Denise Logeland. And Center, N.D.,

North Dakota 70

North Dakota Community Bank Community Compliance 70

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. The person could be a CEO, chairman, managing partner or anyone who regularly performs similar functions. CFPB Updates.

Compliance 70

Compliance Community Bank Training Virginia 70

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

Independent Banker

SEPTEMBER 21, 2015

Compliance experts say that by planning ahead, reviewing current compliance status and risks, using technology when needed, and staying up-to-date with training, community banks can indeed weather the storm of regulatory exams and come out fine on the other end. So what can a community bank with limited resources do?

Training 70

Training Compliance Community Bank Community 70

Gonzobanker

MAY 21, 2019

The following memo outlines my assessment and recommendations concerning our purchase of Acme Bank, a $5 billion institution located in Metropolis, USA. Acme has doubled its size in the past five years with acquisitions of smaller community banks. Principle 3: Embrace External Trends.

Customer Experience 112

Customer Experience Analytics Management Operations 112

Independent Banker

DECEMBER 13, 2015

Even if you’re not required to use either version of the Cybersecurity Assessment, beta users say it can help your community bank gauge its cybersecurity risks and ultimately guard against cybercrime. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., Real-world testing. “I

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

Even if you’re not required to use either version of the Cybersecurity Assessment, beta users say it can help your community bank gauge its cybersecurity risks and ultimately guard against cybercrime. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., Real-world testing. “I

Tools 70

Tools Community Community Bank Security 70