Independent Banker

FEBRUARY 28, 2023

I will continue to advocate for community banking, and for the rest of my career, stand side by side with you to fight our future battles. The work you’re doing every day puts real faces and names to the communities we’re fighting for, and it has been a privilege to be your representative at the national level.

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Community Bank Community Maine Industry 175

Abrigo

APRIL 28, 2016

Small Business Administration What creates two out of three net new American jobs; produces close to half of our nation’s goods and services (nonfarm private GDP); and can be found, coast to coast, in every small town, big city and rural enclave? Counseling: SBA provides free consultation and advice to help Main Street succeed.

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Independent Banker

SEPTEMBER 26, 2014

“Our mission is just to be a solid commercial bank that focuses on our neighborhoods,” says Bill Farrow, president of the $900 million-asset community bank with a Community Development Financial Institution charter. Treasury to help serve distressed and underserved communities and consumers.

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Maine Detroit Chicago Community 99

Independent Banker

FEBRUARY 16, 2015

Nowhere is this more consequential than in the cybersecurity undertaken by the nation’s financial sector, including community banks. As community bankers, we’re learning more firsthand every day how swiftly sharing accurate, actionable and high-quality information has become our best defense in combating cybercrime.

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Maine Community Bank Industry Community 70

PYMNTS

AUGUST 9, 2020

Arcady Lapiro , the bank’s founder and chief executive, said the idea was to level the playing field for smaller businesses. “In By having access to these solutions for teens and SMB, banks and credit unions can expand their digital offerings to provide services way beyond what their core may offer.”.

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Tools Community Bank Community Taxes 168

Independent Banker

AUGUST 31, 2021

This year’s winners: Left: Central Valley Community Bank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional Community Bank Service Award; Right: Cross River Bank, Emerging Service Program Award. Exceptional Community Bank Service Award. Kennebec Savings Bank.

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PYMNTS

APRIL 8, 2020

So far, $50 billion across 178,000 loans have been approved according to Larry Kudlow, the director of the National Economic Council. Bankers are pointing to the SBA’s slow computer system as being the main cause of the delays. Further, community banks are nearly out of cash.

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Meeting New Jersey New York Community Bank 217

American Banker

SEPTEMBER 13, 2016

Camden National in Camden, Maine, is uniting its trust and bank units to form a wealth management division.

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Maine National Management Community Bank 28

South State Correspondent

JANUARY 18, 2023

Loan prepayment provisions lower prepayment speeds (especially in a stable or declining interest rate environment) and drive higher return on assets (ROA) for banks. There are four main reasons why prepayment provisions increase profitability for banks. For example, on a 5-year loan, the bank may charge a 5,4,3,2,1 prepayment.

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South State Correspondent

MAY 23, 2022

Customers and competitors are challenging community banks to extend loan duration – borrowers are eager to lock fixed rates before they rise further, and many competitors are happy to oblige. But what are the optimal fixed terms for community banks given today’s interest rate, credit, and liquidity environment?

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South State Correspondent

JANUARY 22, 2023

In a previous article ( here ), we discussed why commercial loan prepayment protection would be a critical return on asset (ROA) driver for community banks in 2023. We outlined the four main reasons why prepayment provisions increase profitability for banks. The greater fool theory breaks down in a recession.

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Community Bank Community Capital Maine 195

South State Correspondent

JANUARY 4, 2023

The answer is that because operating leverage and customer relevance are now so important, banks can no longer compete on rate and the abundance of credit. Many community banks have an inherent strategic advantage in bringing a new product to market faster than a national bank, yet they squander their position.

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Community Bank Capital Training Lending 195

PYMNTS

JULY 3, 2020

People’s United Bank, which operates across Connecticut, southeastern New York state, Massachusetts, Vermont, Maine and New Hampshire, recently demonstrated the growing interest of community banks to collaborate with FinTechs to expand their product offering — just as larger national and multinational financial institutions (FIs) do.

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Independent Banker

FEBRUARY 16, 2015

Defining Main Street. When you think of Main Street, you think of community banks, right? As community bankers, we know this to be true, but I can’t help but think what a world this would be if every American also knew this to be a fact. Buhrmaster, Chairman of ICBA. And flourish we will.

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Community Bank Maine Community Industry 70

Independent Banker

NOVEMBER 30, 2021

We asked both leaders and staffers to tell us what makes their community banks stand out as employers. Key Community Bank: Leading by example. Key Community Bank. At the heart of Key Community Bank’s work culture is connection. Greg Dennis, Key Community Bank. “We

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Community Bank Community Texas Leadership 164

Independent Banker

APRIL 28, 2016

Ruby Valley National Bank is not much different from other community banks, except our risk threshold is probably higher than most. Serving a marketplace with a population of 7,800, where cows outnumber people by five to one, our community bank has developed strong agricultural lending expertise.

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Community Bank Community National Lending 70

Abrigo

MAY 5, 2022

A quick look at top banking podcasts worth a listen, according to Abrigo : 1. Banking Transformed 2. Banking with Interest 4. Breaking Banks 6. Banking on Digital Growth 7. Main Street Banking: A Podcast for Community Bankers 8. BankTalk 3. Ahead of the Curve: A Banker’s Podcast 5.

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Community Lending Maine Resources 195

Abrigo

SEPTEMBER 26, 2014

The “big guys” like Citigroup, Bank of America, Wells Fargo and others are required under the Dodd-Frank financial laws to release their findings publicly , as a step to prepare for the Fed’s annual check-up in the spring. Dan Berger, the president and CEO of the National Association of Federal Credit Unions (NAFCU).

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PYMNTS

AUGUST 12, 2020

Banking technology company Agora Services recently announced its plans to white-label its offerings for smaller financial institutions (FIs) with a focus on small business and teen banking solutions.

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North Carolina Fintech Technology Community 193

Abrigo

AUGUST 5, 2020

is officially in a recession, according to the National Bureau of Economic Research. Now, banks and credit unions must determine how to safely and effectively manage risk in the portfolio while also driving growth at their institution. The national effects remain opaque and will continue to change – do not get complacent.

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Management Risk Management Trends Industry 195

PYMNTS

OCTOBER 1, 2018

While researchers emphasized the rise of alternative finance — particularly the merchant cash advance — in this space, the data suggests traditional banks retain the lead in SMB finance, largely thanks to their access to more affordable small business financing compared to alternative players. News reports last week.

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Lending Survey Data National 115

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. As the nation’s voice for community banks, ICBA is taking this stand for all community banks. By Camden R.

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Community Bank Community Lending Regulation 70

Independent Banker

OCTOBER 29, 2014

Army Infantry Platoon leader who became a community banking manager. We were tasked with the mission of going into Iraq to protect supply trucks traveling the main highway while the Army prepared to shut down its base inside Iraq. It’s no different in community banking. Industry Insight Main Street Focus People'

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Minnesota Community Community Bank Maine 98

Independent Banker

MAY 24, 2016

For example, the accounting standard will now be crystal clear that community banks can forgo certain unnecessary or inappropriate disclosures. They avoid what otherwise would have become seriously unworkable accounting requirements for community banks. Everyone contributed to this crucial victory. We must stay on point.

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Community Bank Community Policies Leadership 72

Independent Banker

JANUARY 26, 2016

With the ICBA Community Banking LIVE® conference just around the corner, I can’t help but think about how lucky we are as community bankers to have such amazing networking and education opportunities throughout the year—both in person and at our fingertips. Not only that, the convention makes us better community bankers too.

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South State Correspondent

JUNE 13, 2023

On our loan hedging desk, we work with hundreds of banks ranging in size from just over $100mm in assets to some national banks with over $1T in assets. The question for every banker is which fee is the higher value to the bank and which fits the bank’s business model as presented to clients.

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Marketing Examples Capital Management 195

Independent Banker

SEPTEMBER 25, 2014

Recently, I stumbled across something that I’d passed for almost 30 years on my way to our boardroom here at 1st National Bank of Scotia. Even more astonishing—how could it really be just as appropriate now as it was when it was first hung in our community bank? The Independent Spirit. Buhrmaster, Chairman of ICBA.

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Community Bank Community US National 70

Independent Banker

OCTOBER 29, 2014

Early Air Force service prepared the way for community banking in California. After some protesting on my part, explaining repeatedly that I knew absolutely nothing about banking, Mom used the classic mothering tactic of reminding me, “You know son, ‘Nothing ventured, nothing gained.’ ”. By Stephen M.

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Community Bank Training Community Montana 79

Independent Banker

DECEMBER 13, 2015

However, another ICBA top security priority on Capitol Hill remains to implement uniform national data-security standards, even for retailers. The main thrust of the bill, which lawmakers are reconciling with similar House legislation, is that it would encourage the public and private sectors to share data on cyberthreats in a timely manner.

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Washington Community Bank Security Retail 70

Independent Banker

NOVEMBER 24, 2015

However, another ICBA top security priority on Capitol Hill remains to implement uniform national data-security standards, even for retailers. The main thrust of the bill, which lawmakers are reconciling with similar House legislation, is that it would encourage the public and private sectors to share data on cyberthreats in a timely manner.

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Washington Community Bank Security Retail 70

CFPB Monitor

SEPTEMBER 21, 2015

The CFPB announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, and Credit Union Advisory Council. New members to the Consumer Advisory Board will serve three-year terms and new members to the Community Bank and Credit Union Advisory Councils will serve two-year terms.

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Groups Los Angeles San Francisco Community Bank 60

PYMNTS

MARCH 20, 2018

Earlier this month, Senate lawmakers advanced the Economic Growth, Regulatory Relief and Consumer Protection Act, which would exempt credit unions and small banks from regulations implemented under the Dodd-Frank Act, to a vote on the chamber floor. Mark McWatters , head of the National Credit Union Administration (NCUA).

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Millennials Report Community National 110

Independent Banker

AUGUST 25, 2016

When John Zimmer took over as president of HNB National Bank in Hannibal, Mo., The $396 million-asset community bank had merged with another bank four years earlier, doubling the size of its branches, staff and operations, and Zimmer was convinced some unnecessary or overlapping expenses still existed.

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National Community Bank Missouri Community 70

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.

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Community Bank Community FDIC Marketing 122

Independent Banker

SEPTEMBER 22, 2015

Arecent National Mortgage News article pointed out that “consumers complain when lenders ask for information, even suggesting such requests are a violation of their privacy.” But today’s regulations have simply gone too far, and our customers on Main Street are recognizing that the source of the problem is emanating from Washington.

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Maine Regulation Washington Community 70

Independent Banker

FEBRUARY 24, 2016

New inspirations, fresh experiences await at ICBA’s national convention. Welcome to the Crescent City, where the largest educational gathering of community bankers convenes this month. It’s Community Banking LIVE 2016 in New Orleans. For the most current information about Community Banking LIVE 2016.

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Community Bank Community Innovation Customer Experience 70

American Banker

SEPTEMBER 25, 2016

Bancorp wouldn't have much of a wholesale banking business without Leslie Godridge. The wholesale unit's two main business lines are national corporate banking and global treasury management and Godridge, who joined U.S. Bancorp in 2007, has been the driving force in the growth of both.

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Maine National Management Community Bank 28