Independent Banker

NOVEMBER 30, 2022

.; Bank of Montana, Missoula, Mont.; CNB Bank, Berkeley Springs, W.Va.; Midwest Bank, Norfolk, Neb. In our annual workplace survey, employees of ICBA’s best community banks to work for told us they benefit from engaging cultures, opportunities for advancement and innovative benefits. What great resignation?

Community Bank 169

Community Bank Community Montana Leadership 169

Independent Banker

JANUARY 31, 2022

With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. Those conversations, he says, centered around whether community banks could compete against this brash group of newcomers. Photo by Pogonici/iStock. Quick Stat.

Community Bank 159

Community Bank Community Fintech Risk Management 159

Independent Banker

AUGUST 31, 2021

of digital banking customers said they switched to digital banking because of the pandemic. Source: 2021 Provident Bank survey. These days, there’s a lot to contend with as a community bank, from changing consumer behaviors due to the pandemic to uncertainty surrounding the economy and inflation. Quick stat.

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Community Bank Community Lending Leadership 170

Independent Banker

MARCH 31, 2022

A secure, open-loop, cost-saving, customer-accessible, multiplatform P2P payments network might sound too good to be true, but community bank consortium Alloy Labs Alliance hopes to achieve just that with the CHUCK payment rail. Julieann Thurlow, CEO of $730 million-asset Reading Cooperative Bank in Reading, Mass.,

Community Bank 91

Community Bank Community Payments Meeting 91

Independent Banker

FEBRUARY 28, 2023

Community banks own an enviable amount of data, but not all are leveraging it to its fullest extent. By Mindy Charski People share important data about themselves with their community bank in myriad ways. Data about existing customers can even help community banks improve their efforts to find new customers.

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Community Bank Community Marketing Data 129

Independent Banker

MAY 31, 2022

Community banks have a choice about addressing the problem: Remain vulnerable or be vigilant. Fraud and cybercrimes continue to increase, causing challenges for community banks. But there’s plenty community banks can do to meet this challenge. Here are some ideas for strengthening fraud defenses.

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Community Bank Community Fraud Texas 134

ABA Community Banking

JUNE 23, 2021

Community banks are irreplaceable in responding to the needs of small business clients and in helping them access the multiple rounds of the Paycheck Protection Program funding during the pandemic, Fed Governor Michelle Bowman said today.

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Community Bank Community Meeting Lending 76

ABA Community Banking

MARCH 18, 2020

Amid the global coronavirus pandemic—and a massive response by policymakers—how can community banks best meet customer and employee needs while managing their balance sheets and loan portfolios? The post Podcast: A Community Bank Coronavirus Playbook appeared first on ABA Banking Journal.

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Community Bank Community Meeting Management 109

Jeff For Banks

JANUARY 14, 2021

In June of 2008 I gave a speech titled "The Death of the Community Bank" and in that speech I made predictions. Prediction: The General Bank will become extinct. Much like competitors nip at community banks' customers. Eighteen percent of that group opened an account at a digital bank. Result: Mixed.

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Community Bank Community FDIC Strategy 130

Bank Innovation

SEPTEMBER 21, 2018

Bank executives from community banks and credit unions are not meeting the demands of their SMB customer as well as they think they are, according to a recent report.

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Community Bank Community Meeting Report 150

South State Correspondent

NOVEMBER 3, 2016

For decades community banks have structured fixed rate loans with adjustable features. Probably the most popular structure for term credit at community banks is a 10-year fixed rate loan with a five-year reprice.

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Community Bank Community Meeting Strategy 150

Independent Banker

JANUARY 31, 2023

billion-asset First State Community Bank in Farmington, Mo. The dos and don’ts of data analysis can make the difference in a bank’s payments strategy (see sidebar below). Applying data Data can support community banks in helping their customers better manage their finances. The results? Giorgio says. “If

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Community Bank Community Trends Payments 91

PYMNTS

JANUARY 6, 2020

Community banks are pushing for a stronger role with their small business (SMB) customers. However, through an embrace of FinTech collaboration and industry consolidation, community banks appear poised to further dispel assumptions of a lack of digitization. A Consolidating Industry. Strengthening SMB Ties.

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Community Bank Community Payments Fintech 123

PYMNTS

APRIL 8, 2020

An old computer system and too few employees are making it hard for the Small Business Administration (SBA) to meet the high demand for coronavirus relief loans, according to a report in the New York Times on Tuesday (April 7). Further, community banks are nearly out of cash.

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Meeting New Jersey New York Community Bank 217

PYMNTS

JUNE 7, 2018

Community banking can be one of the most rewarding and most challenging areas of financial services in which to work — that’s the view, anyway, of Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America (ICBA) , who recently joined the nation’s leading advocacy organization that exclusively represents community banks.

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Community Bank Community Millennials Regulation 157

Independent Banker

FEBRUARY 1, 2022

We commissioned the 2021 Banking Impact Report to explore how banking trends are impacting local communities and the perceived role of community FIs. Key Findings: 78% of bank executives think a housing market crash is likely in the next five years.

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Community Bank Community Trends Industry 103

PYMNTS

JANUARY 9, 2018

Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index. Here, again, lies another opportunity for community banks to fill the void. We urge you to make such legislation a priority.”.

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Community Bank Community Fintech Lending 131

Abrigo

MAY 8, 2015

In recent months, the momentum around reducing the regulatory burden on the nation’s community banks has continued to gain steam. There are more than 6,000 banks and thrifts under $10 billion in assets and they are often less equipped to deal with complexities brought by additional regulations.

Community Bank 150

Community Bank Community How To Meeting 150

PYMNTS

OCTOBER 16, 2017

Last week, P2Bi announced the rollout of a new partnership program that enables community banks to participate in its small business loan marketplace. Community banks are typically a better bet for small businesses in search of a loan, with approval rates higher than those at larger financial institutions.

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Community Bank Community Fintech Lending 110

ABA Community Banking

FEBRUARY 6, 2020

Have you heard about the community bank that’s been chugging along for over 150 years, took on “Community Bank” as its name—and “bank happy” as its motto? Meet Community Bank, N.A., The post When a Community Bank Expands Beyond Its Community appeared first on ABA Banking Journal.

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Community Bank Community New York Meeting 69

South State Correspondent

SEPTEMBER 25, 2023

Given this new signal, community banks need to analyze what this interest rate environment means for their business model and how to maximize performance. Implied Fed Funds Target Rate The graph below compares the committee’s median projections for the Fed Funds rate from the June to the September meetings.

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Community Bank Community Industry Marketing 195

CFPB Monitor

SEPTEMBER 14, 2016

The CFPB has published a notice in the Federal Register announcing that a meeting of its Community Bank Advisory Council (CBAC) will be held on September 29, 2016. The notice indicates that the CBAC will discuss youth financial capability and debt collection.

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Community Bank Meeting Community Report 60

CFPB Monitor

APRIL 7, 2015

The CFPB’s Community Bank Advisory Council is scheduled to meet in Washington, D.C. According to the meeting agenda , following a welcome by Director Cordray, there will be a discussion of credit scores and credit reporting, and its implications for small financial institutions. on April 22, 2015.

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Community Bank Meeting Community Washington 60

CFPB Monitor

APRIL 5, 2016

The CFPB will hold a meeting of its Community Bank Advisory Council on April 21, 2016 in Washington, D.C. These topics were also discussed at the meetings of the CFPB’s Credit Union Advisory Council and Consumer Advisory Board earlier this year.

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Community Bank Meeting Community Washington 60

South State Correspondent

SEPTEMBER 18, 2023

This development is very important to community banks, as their efficiency ratio also increased, but to 61.63%. The national banks have already indicated how they plan to reverse the efficiency ratio increase – through headcount reduction. What is Driving the Efficiency Ratio at Community Banks?

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Management How To Community Bank Community 195

PYMNTS

NOVEMBER 17, 2017

Think of banking and you might think of lending and deposits, where firms make money on the spread between what they pay savers and what they take in from borrowers. But banks cannot live on interest alone. Additional financial products and services must round out traditional banking activities.

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Community Bank Community Cards Lending 115

South State Correspondent

SEPTEMBER 4, 2023

We analyzed the loan performance (return on equity, loan yield, fee income, and loan size) of hedged borrowings in a large group of community banks and compared this to the community bank industry averages. The table below shows a summary of our analysis (community banks are defined as banks under $10B in assets).

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Analysis Community Bank Community Training 195

CFPB Monitor

SEPTEMBER 16, 2015

The CFPB has announced that a meeting of its Community Bank Advisory Council is scheduled for September 30, 2015 in Washington, D.C. Director Cordray will be in attendance and there will be a discussion of consumer challenges in payments.

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Community Bank Meeting Community Washington 60

BankInovation

SEPTEMBER 30, 2020

Credit unions and community banks have some catching up to do when it comes to meeting changing customer payment needs, according to new data from Aite Group published yesterday.

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Meeting Community Bank Community Groups 69

Bobsguide

MARCH 30, 2022

Among the migrations recently completed or underway, banks are already seeing material results. Finastra announced that 27 community bank customers are working with Finastra to upgrade their legacy core banking solutions to Fusion Phoenix. This is in addition to 15 banks which went live last year.

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Phoenix Community Bank Community System 60

PYMNTS

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? With various banks and FinTechs producing innovative solutions — like mobile banking and P2P tools aimed at improving the speed of payments — the pressure is on for community banks to keep up. faster payments system.

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Community Bank Community Innovation Millennials 116

South State Correspondent

JUNE 21, 2022

This decision coincided with rate hikes by the Swiss National Bank, its first since 2007, the Bank of England, and the European Central Bank announced at an emergency meeting that they would raise interest rates next month and again in September. The Fed Hike will send seven waves toward banks. Conclusion.

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Community Bank Policies Community Marketing 359

South State Correspondent

JULY 10, 2023

One possible solution to this dichotomy is for banks to offer interest rate swaps to hedge individual loans. This article will review domestic banks’ adoption of interest rate swaps. Next week’s article will consider the challenges and possible solutions for community banks to adopt loan hedging programs.

Community Bank 195

Community Bank Community Tools Management 195

CFPB Monitor

APRIL 20, 2020

The CFPB will hold a joint meeting of its advisory groups by conference call on May 1, 2020. The groups consist of the Consumer Advisory Board, the Community Bank Advisory Council, the Credit Union Advisory Council, and the Academic Research Council. The meeting agenda indicates that there will be two programs.

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Meeting Groups Community Bank Conference 78

CFPB Monitor

FEBRUARY 28, 2019

The CFPB has published notices in the Federal Register announcing that its Consumer Advisory Board , Credit Union Advisory Council , and Community Bank Advisory Council will hold meetings in Washington, D.C. on March 14, 2019.

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Meeting Groups Washington Community Bank 68

South State Correspondent

AUGUST 21, 2022

Last week we wrote about loan-level vs. balance sheet hedging for community banks and provided our loan proposal generator ( HERE ). We compared and contrasted the two strategies and sized the market for community banks. A community bank may transact one or only a few balance sheet hedges over many years.

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How To Community Bank Community FDIC 195

Abrigo

FEBRUARY 23, 2023

Meanwhile, leaders at small banks recognize that their institutions play a vital role in helping community businesses and individuals not only weather uncertainty but also thrive. How can community financial institution leaders manage their challenges and seize their opportunities at the same time?

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Community Bank Kansas City Community Lending 195