Independent Banker

APRIL 30, 2022

Operations play a role across multiple facets of community banking, including account onboarding, payments and transactions, fraud analysis, compliance and regulatory guidelines. On a practical level, what steps can community banks take to strengthen their back-office operations? Consider collaboration opportunities.

Innovation 91

Innovation Community Bank New York City Community 91

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. American Bank, National Association.

Community Bank 172

Community Bank Community National Philadelphia 172

PYMNTS

DECEMBER 9, 2019

Automated business payments processing firm AvidXchange is launching a new fundraising round that could give the firm a $2 billion valuation, The New York Times reported on Monday (Dec. Nashville community bank Studio Bank was the first FI to adopt the AvidPay solution. 9), citing sources.

North Carolina 130

North Carolina Nashville Charlotte Boston 130

Independent Banker

OCTOBER 1, 2021

Ponce Bank has brought banking services to minority neighborhoods in the Bronx and greater New York City for more than six decades with a clear focus on community investment. Ponce Bank was founded in the South Bronx in 1960, a time when many financial institutions were packing up to leave.

Puerto Rico 113

Puerto Rico New York City Community New York 113

Abrigo

APRIL 23, 2020

Despite concerns that hundreds of thousands of applications from lenders are already queued up and will gobble up new funding immediately, Lara-Figueroa said that is not the case. All of the [lenders] are in a holding pattern, but it will be like rush hour in New York or Los Angeles. Streamline your PPP loan management.

Lending 221

Lending Los Angeles North Carolina Community 221

Abrigo

AUGUST 3, 2017

The FDIC paper The Entry, Performance, and Risk Profile of De Novo Banks published in April 2016 reports that the number of de novo bank failures and acquisitions annually has drastically declined since 2010, primarily due to the fact that new bank formations have become nearly inexistent.

Oklahoma City 150

Oklahoma City FDIC Handbook Oklahoma 150

Jeff For Banks

JANUARY 27, 2011

I was at a strategic planning retreat a few weeks back where a colleague lauded the concept of bankers getting back to plain vanilla community banking. But what about Bank of New York Mellon. Below is their segment reporting from 2001 and 2010. I hear and read this often.

Community Bank 70

Community Bank Community Apple National 70

Jeff For Banks

DECEMBER 9, 2020

On October 29, 2020, the New York State Department of Financial Services (DFS) issued a letter to all depositories and non-depositories regulated by them regarding climate change and financial risks. Start integrating the financial risks from climate change into governance frameworks, risk management processes, and business strategies.

Lending 78

Lending Regulation Community National 78

Independent Banker

SEPTEMBER 25, 2014

Saving money by conducting inside risk management and compliance reviews. As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities.

Community Bank 70

Community Bank Compliance Risk Management Community 70

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

CFPB Monitor

OCTOBER 25, 2019

Section 1071 amended the ECOA to require financial institutions to collect and report certain data in connection with credit applications made by women- or minority-owned businesses and small businesses. Christensen, Associate Professor, Marriott School of Management, Brigham Young University.

Tampa 60

Tampa Lending California Community 60

Jeff For Banks

MARCH 1, 2020

Reporters occasionally call for my opinion. Last week an American Banker reporter called for my opinion on WSFS Bank's strategy to deploy much of the cost savings from its recent Beneficial Bank merger into technology. The reporter e-mailed his questions. Not in Charlotte, New York, or Pittsburgh.

Resources 78

Resources Charlotte Strategy Technology 78

Gonzobanker

DECEMBER 19, 2022

Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey. Let’s see how this new scale allows for big investments in future innovation. Goes to New England Federal Credit Union and Vermont State Credit Union.

Community 216

Community Fintech Industry Innovation 216

Independent Banker

NOVEMBER 13, 2014

is under review by the country’s three major credit bureaus, which will likely make the new software’s credit-scoring analytics available to the credit bureaus for testing this fall. Adoption by community banks of the model is still likely a year or more away as lenders gradually upgrade to the new model.

San Jose 79

San Jose Community Bank Lending Analytics 79

Independent Banker

DECEMBER 13, 2015

Vehicle loan originations reached almost $120 billion during the second quarter of 2015, states the New York Fed’s Household Debt and Credit Report. Indirect auto lending has played a major role for Security Federal Savings Bank in Jasper, Ala. Half a dozen years ago, the community bank held $13 million in auto loans.

Community Bank 70

Community Bank Lending Community Security 70

Independent Banker

NOVEMBER 24, 2015

Vehicle loan originations reached almost $120 billion during the second quarter of 2015, states the New York Fed’s Household Debt and Credit Report. Indirect auto lending has played a major role for Security Federal Savings Bank in Jasper, Ala. Half a dozen years ago, the community bank held $13 million in auto loans.

Community Bank 70

Community Bank Lending Community Security 70

Jeff For Banks

MAY 20, 2017

and New York Community Bancorp called off their planned merger. They need a marketing person to title their reports. To summarize, banking institutions exceeding the concentration levels should have in place enhanced credit risk controls, including stress testing of CRE, and may be subject to further supervisory analysis.

Lending 60

Lending Regulation Community Community Bank 60

Gonzobanker

DECEMBER 20, 2019

billion of assets under management. Olan Jones, CEO & President, Eastman Credit Union – Jones completes a great 20-year term at Eastman, increasing assets from $631 million to $5 billion and creating more than 650 new full-time jobs. Bank Acquisition of the Year. picks up Bancorp of New Jersey, Inc. .

Idaho 148

Idaho Conference Data Marketing 148

CB Insights

FEBRUARY 20, 2020

GET THE 102-PAGE q4 2019 FINTECH TRENDS REPORT. Download the free report for all the details. According to CB Insights market sizing data , the global market for IT for banking, financial services, and insurance (BFSI) industry is projected to reach nearly $150B by 2022. First name. Company name. Phone number.

Fintech 80

Fintech US Lending Cards 80

Jeff For Banks

APRIL 14, 2022

al The Deutsche Bank, 1870-1995 1995 Shennette Garrett-Scott Garrett-Scott, Shennette Banking on Freedom: Black Women in U.S. Bank Notes: An Inside Look at the Launching of North Carolina's Banking Ascendancy and a Commentary on the Current New World of Banking 2016 J. Fradkin Fradkin, Philip L. 2014 John A.

America 78

America National Denver United States 78

Gonzobanker

MARCH 30, 2017

Maybe I’ve spent too much time breathing re-circulated plane air, but I couldn’t help but think of President Clinton’s tagline as I read a concerning statistic in the recently released “What’s Going On in Banking” : more than half of both credit union and bank executives reported that their contact centers are not “future-ready.”

Customer Experience 60

Customer Experience Training Community Bank Community 60

Gonzobanker

MARCH 30, 2017

Maybe I’ve spent too much time breathing re-circulated plane air, but I couldn’t help but think of President Clinton’s tagline as I read a concerning statistic in the recently released “What’s Going On in Banking” : more than half of both credit union and bank executives reported that their contact centers are not “future-ready.”

Customer Experience 60

Customer Experience Training Community Bank Community 60

Abrigo

JULY 23, 2021

It is a concept that we have all heard of, however, the concept remains somewhat of a mystery in the community bank world. Now that there are new requirements in this area it’s time to unravel some of the mystery. The agreement called for quarterly monitoring and reporting. and the U.N. financial system.

National 195

National Training United States Regulation 195

Gonzobanker

DECEMBER 22, 2015

Community bank marketing resources. With market opportunity heating up and big bank and big credit union competitors hitting hard, too many community banks lack marketing resources … or they have 2X more spending in sponsorships than the campaigns, analytics and digital sales improvements that actually bring in new business.

Community Bank 60

Community Bank Apple Community Technology 60

CFPB Monitor

OCTOBER 13, 2020

The comments can be viewed on the Regulations.gov website , which is reporting the filing of over 700 comments on the Proposed Rule (with 548 having been posted as of the date of this blog). The comment period for the Proposed Rule closed on September 3, 2020.

Lending 60

Lending Colorado FDIC National 60

Fintech Labs Insights

JULY 14, 2016

million investment , Austin, Texas-based Buzz Points is unveiling its new online management portal, Buzz Insight for its rewards and marketing platform. ” Buzz Insight is geared toward community financial institutions (CFIs) like credit unions and smaller banks, giving them visibility into customers and local business data. .”

Online 12

Online Austin Texas Community 12

Gonzobanker

DECEMBER 19, 2016

Since Richman and about 100 other bankers from LaSalle Bank in Chicago joined PrivateBancorp nearly a decade ago, the bank has grown to an $18 billion solid niche player with $10 billion in assets under management. A Gonzo community bank being a leader and not a fast follower – that’s pretty cool! see [link] ).

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

Since Richman and about 100 other bankers from LaSalle Bank in Chicago joined PrivateBancorp nearly a decade ago, the bank has grown to an $18 billion solid niche player with $10 billion in assets under management. A Gonzo community bank being a leader and not a fast follower – that’s pretty cool!

Utah 60

Utah System Community Marketing 60

PYMNTS

MARCH 18, 2019

Although only 60 banks and credit unions (CUs) have made Zelle available to their customers, approximately 230 have signed up for the service. While some larger financial institutions (FIs) have joined the platform, regional community banks and CUs account for 85 percent of Zelle’s participants.

Security 148

Security Fraud User Experience California 148

Fintech Labs Insights

AUGUST 1, 2016

To give you a sense of the many new ideas at the upcoming FinovateFall conference in New York, we’ve launched our Sneak Peek series. Avoka’s customer acquisition platform integrates multiple fintech services to help banks, wealth managers and insurers use mobile and digital channels to onboard customers.

How To 12

How To Analytics Millennials Data 12

PYMNTS

NOVEMBER 23, 2016

Cloutier, the president of MidSouth Bank. He added to The New York Times reporters interviewing him, “Tell your editors that they need to run a headline that says ‘Main Street Won.’”. Big banks, however, on Wall Street, have been (by the numbers) the big winners so far.

Community 100

Community America Maine Regulation 100

PYMNTS

AUGUST 14, 2017

As was noted late last month in the New York Post , Republican Rep. The Hill reports that regulators have fined those companies “significantly less” during the dawn of the Trump era than had been seen over the same timeframe last year. The government wants to stop cyclical risks, according to reports. Outside the U.S.,

Fintech 100

Fintech Regulation United States Lending 100