Independent Banker

OCTOBER 31, 2021

“I’m not sure how we would have processed all of the PPP loans and everything else in the last 18 months without some of the technology that we have implemented,” says Chris Jundt, senior vice president and chief lending officer at First State Bank & Trust. Northpointe Bank in Grand Rapids, Mich., Cashing in on efficiencies.

Lending 91

Lending Community Bank Community North Dakota 91

Abrigo

OCTOBER 20, 2016

Technological innovation has enabled FinTech start-ups to compete in a field previously dominated by banks and credit unions. At the same time, early adopters of new technologies, like mega banks, are edging out community banks and credit unions in the fight for customers and creating a rapidly consolidating industry.

Software 150

Software Lending Community Bank Taxes 150

Abrigo

DECEMBER 9, 2014

Community banks are expanding their loan portfolios to include more small business loans, according to the most recent Community Bank Performance report by the FDIC. Loans across categories increased, with commercial and industrial loans growing at the fastest rate, roughly 5.3 percent over the 3rd quarter of 2013.

Training 170

Training Policies Analysis Community Bank 170

Abrigo

NOVEMBER 13, 2015

By improving policies and procedures, banks can make better and more profitable ag lending decisions. Banks, in particular, community banks, have often relied on a borrower’s character, one of the 5 Cs of Credit , to make lending decisions. Throughout the process, consistency among lenders and analysts is key.

Lending 150

Lending Data Analysis Policies 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

MAY 30, 2017

One of the biggest obstacles for many community banks and credit unions with aggressive growth goals is staffing. However, growing the staff can be a real challenges for many banks and credit unions. Moreover, many community banks and credit unions are located in more rural areas.

Technology 150

Technology Community Bank Lending Community 150

Gonzobanker

MAY 31, 2019

article , former Small Business Administration administrator Karen Mills said community banks with strong small business customer bases that don’t find new ways to serve them digitally are going to face a “reckoning.” Institutions are “spreading” financial statements for electronically provided tax returns or financial statements.

Lending 126

Lending Community Bank Community Data 126

Abrigo

MAY 5, 2017

And why not publish the list of documents required for a credit application, along with a description of the standard process? Providing information will help the borrower have realistic expectations and address some concerns with transparency and communication.”

Survey 150

Survey Online Lending Taxes 150

Abrigo

FEBRUARY 27, 2020

The list goes on, and we haven’t even gotten into creating closing documents or credit presentations. Many community bankers expect a recession will start by at least mid-2021, according to the most recent Community Bank Sentiment Index.

Lending 243

Lending Survey Data System 243

South State Correspondent

SEPTEMBER 13, 2023

Since the instant payment contains the message and the document, a receipt, invoice, order, remittance, or contract can travel together and no longer be matched up by email or mail. Maybe the payer needs a breakout of taxes, or perhaps the payee was only able to ship a partial order. This is a considerable increase in efficiency.

Payments 221

Payments Fraud Data Taxes 221

Abrigo

FEBRUARY 16, 2016

nonprofits are also opaque, considering only a small percentage is required to file some version of Form 990, the return for organizations exempt from income tax. notes that some nonprofits facing tighter funding from federal and state governments are turning to community banks for commercial loans and lines of credit.

Analysis 150

Analysis Lending Community Bank Community 150

Independent Banker

JULY 30, 2015

When meeting with our member community banks, the top concern is always the continuing crush of regulatory burden emanating from Washington, D.C. IBAT believes this is ultimately a significant issue not only for community banks and their customers, but also for local economic viability. Data security breaches.

Data 70

Data Texas Community Bank Taxes 70

Abrigo

MARCH 31, 2017

Banks exceeding supervisory criteria for concentrations for total CRE loans or total loans for land acquisition, development and construction currently reflect higher pre-tax return on assets than other institutions, according to the FDIC.

FDIC 186

FDIC Risk Management Analysis Lending 186

PYMNTS

MAY 31, 2018

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. AvidXchange. DadeSystems.

Taxes 107

Taxes Compliance Tools System 107

PYMNTS

MAY 31, 2018

The IRS is hiring and training more than 3,000 agents to enforce its Foreign Account Tax Compliance Act (FATCA), and the onus is now on the payer to collect all necessary tax documents from the payee and validate the info on those forms. AvidXchange. DadeSystems.

Taxes 101

Taxes Compliance Tools System 101

Independent Banker

JULY 29, 2016

Around the Table—Wisconsin community bankers work with legislative staff members on Capitol Hill during ICBA’s Washington Policy Summit. Keeping community banking interests front and center. 812) and the Community Bank Access to Capital Act (H.R. By Courtney Schoenborn. 1233 and S. 1523 and S.

Community Bank 70

Community Bank Community Washington FDIC 70

Independent Banker

AUGUST 26, 2015

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 We get the disclosure back faster” when borrowers digitally sign documents exchanged by email, Webster notes. Lia webster, private bank of buckhead. Legal aspects.

San Francisco 70

San Francisco Lending System Atlanta 70

Independent Banker

FEBRUARY 25, 2015

Community banks, which will continue to face a growing number of senior customers with everyday cash needs and built-up home equity, should explore this niche lending opportunity, two community bankers providing these specialty loans suggest. By Howard Schneider. who oversees 32 loan officers dedicated to providing the loans.

Trends 70

Trends Community Lending Community Bank 70

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

Independent Banker

MARCH 15, 2015

It was a prescient move for Hartings and the $450 million-asset community bank, which comfortably weathered the downturn even though residential mortgages are its biggest business line—but not everyone appreciated Hartings’ common-sense approach at the time. Large Community Bank Council, member. Membership-Marketing.

Ohio 70

Ohio Community Bank Community Lending 70

MyBankTracker

MAY 22, 2020

This includes submitting supporting documentation to the lender. In addition to your lender, request free quotes from a credit union or community bank. Some banks sell the majority of their mortgages on the secondary market. An existing mortgage alone doesn’t qualify one for refinancing. Related Articles.

How To 52

How To Community Bank Payments Community 52

MyBankTracker

SEPTEMBER 2, 2020

One drawback of a Finova Financial loan is that you’ll pay a higher interest rate compared to a personal loan issued by a bank or credit union. This includes a DMV lien fee and a document stamp tax. Be prepared to submit other documentation as well. You’re also responsible for other fees, too.

Security 52

Security South Carolina North Carolina Comparison 52

MyBankTracker

JULY 31, 2020

Big banks and community banks are another option if you’re a first responder looking for a personal loan. These banks may not advertise loans specifically to first responders, but they might give first responders a discount on their interest rate. What Documentation Do You Need for a Personal Loan?

Community 52

Community Cards Online Maryland 52

MyBankTracker

NOVEMBER 25, 2020

Whether you’re getting a personal loan through a big bank, a credit union, a community bank, or an online lender, most financial institutions have a pre-qualification form on their website for you to complete. You’ll learn whether you meet the minimum requirements for a personal loan.

How To 52

How To Cards Report Payments 52

Fintech Labs Insights

AUGUST 1, 2016

Bankjoy offers developers a banking API for a modern, real-time, holistic interface for credit unions and community banks. RightCapital’s financial and tax planning platform helps advisors with the delivery of unbundled, quality financial planning and tax planning services.

How To 12

How To Analytics Millennials Data 12

Fintech Labs Insights

JULY 22, 2015

Avalara will detail the Weird and Wacky World of Sales Tax. Did you know that sales-tax in the U.S. There are over 12,000 taxing jurisdictions covering millions of taxability rule combinations. Fidor Bank introduced community banking five years ago. is handled unlike any other place on the planet?

San Francisco 12

San Francisco Video Fintech Data 12