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

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

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.

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Community Bank Community How To Meeting 150

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.

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Community Bank Community Fintech Lending 131

South State Correspondent

APRIL 15, 2024

As usual, it was full of insight that every community banker should consider. Our focus is on information that pertains to the community banking industry. Bank leaders must obtain knowledge in person. The Bank aims to be a responsible citizen at the local level in every community where it lends and takes deposits.

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Community Community Bank Leadership America 195

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. Conclusion.

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Community Bank Policies Community Marketing 359

Independent Banker

MARCH 31, 2022

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

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Community Bank Community Industry Texas 239

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

Independent Banker

MARCH 31, 2022

My bank’s tagline is ‘Where dreams meet solutions,’ and it serves as my guiding inspiration at the bank and, now, at the national level. As community bankers, our customers depend on us to keep their dreams alive. Thankfully, that glass-half-full attitude comes naturally for community bankers. Innovation.

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Community Community Bank National Meeting 182

ABA Community Banking

MAY 27, 2020

To facilitate banks’ needs to hold meetings during the coronavirus pandemic, the OCC is issuing an interim final rule clarifying that national banks and federal thrifts may hold virtual board, shareholder and (as applicable) member meetings using remote communication tools.

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Meeting National Tools Community Bank 59

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.

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Community Bank Community Tools Management 195

Independent Banker

AUGUST 31, 2022

This month’s Independent Banker focuses on budgeting issues with a special emphasis on the ICBA National Community Bank Service Awards. Inherent to our business model is a passion to support our communities, one that allows for flexibility to meet the individual needs of our customers. Where I’ll be this month.

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Community Bank Honolulu Community Georgia 163

South State Correspondent

FEBRUARY 27, 2024

Community bankers need to practice realistic loan pricing discipline. However, we need to understand the meaning of pricing discipline and its effect on community bank performance. Unfortunately, this is both incorrect and often leads to bank underperformance. Why do banks use RAROC loan pricing models?

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How To Community Bank Community Management 195

South State Correspondent

MAY 9, 2022

In our previous article ( HERE ), we reviewed the banking industry’s cost of funding earning assets (COF), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle. Community banks with larger percentages of DDA balances will fare better.

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Community Bank Community Industry Online 195

Independent Banker

MARCH 31, 2022

This Community Banking Month, I invite you to try something new to spread your story. Share a new development, community project or initiative. As community bankers, we know relationships matter. I’m headed to Memphis to meet with our state and regional partners, and then I’ll be engaging with the team at CRA Partners.

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Oklahoma City social media Memphis Community 161

Independent Banker

JUNE 30, 2022

The Peoples Bank helped the Jones family of Legacy Dairy in Hiseville, Ky., From left, Ally Jones; bank chairman, president and CEO Terry L. Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. The bank provides crop insurance to farmers in 11 states.

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Community Bank Community National Philadelphia 172

Independent Banker

NOVEMBER 30, 2021

Community bankers’ awakening to new possibilities has made for an impactful year and will help position community banks to flourish in 2022 and beyond. This awakening to innovation among community banks continues to spread. Take, for example, Queensborough National Bank & Trust Co. in Augusta, Ga.

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Community Bank Community Innovation Video 134

Independent Banker

FEBRUARY 28, 2023

Derek Williams, president and CEO of Century Bank & Trust in Milledgeville, Ga., wanted to be a financier before finding his way to community banking. He has served as president and CEO of $365 million-asset Century Bank & Trust in Milledgeville, Ga., now part of Bank of America, before moving to Griffin, Ga.,

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Community Community Bank Georgia San Antonio 172

Jeff For Banks

JULY 6, 2013

Why don''t we play a critical role in solving the nation''s retirement problem? But I disagree with greater control of a national pension system in Washington. Here is where I think community banks, banded together through associations such as the ABA or ICBA, can play a critical role in solving our problem.

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Community Bank Community National Iowa 108

PYMNTS

JANUARY 23, 2020

Former Wells Fargo CEO John Stumpf has been banned from ever working in the banking industry again by the U.S. million for his role in a scandal at Wells Fargo involving millions of fake accounts created to meet the bank’s sales quotas. government, according to a report by CNBC. He will also have to pay $17.5

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Community Bank Regulation Community Meeting 185

South State Correspondent

MARCH 16, 2022

If banking had an Olympics, creating loan value would be an event. The recent Fed meeting, with its hawkish tone, makes the sport of loan value creation even more important. One element that many commercial banks attempt to differentiate with borrowers is the prepayment provision (or sometimes the lack of one).

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How To Community Bank Community National 195

Independent Banker

AUGUST 26, 2018

“Community service is a timeless tradition that’s core to every community bank.”. As I work on this column, I’m in Santa Fe, preparing to speak at the Independent Community Bankers Association of New Mexico’s annual convention. Community service is a timeless tradition that’s core to every community bank.

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Community St. Louis Community Bank Metro 132

Independent Banker

MARCH 31, 2022

Chris Vogt of the Wisconsin Badgers NCAA basketball team presents an anonymous donation to First Kentucky Bank officials. Mayfield and neighboring communities have since received nearly $49 million in federal relief to replace what was lost, in the form of FEMA relief and home and business loans from the Small Business Administration.

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Kentucky Community Bank Community Wisconsin 163

PYMNTS

JANUARY 23, 2020

Former Wells Fargo CEO John Stumpf has been banned from ever working in the banking industry again by the U.S. million for his role in a scandal at Wells Fargo involving millions of fake accounts created to meet the bank’s sales quotas. government, according to a report by CNBC. He will also have to pay $17.5

Community Bank 136

Community Bank Regulation Community Meeting 136

Independent Banker

SEPTEMBER 30, 2021

Changing customer banking habits means it’s more important than ever for community banks to use every tool at their disposal. Community banks may have longstanding relationships with their core vendors, but that doesn’t always mean they keep up to date on all the latest features and functionalities.

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Community Bank Community Milwaukee Jacksonville 91

South State Correspondent

DECEMBER 8, 2023

We asked ten banks how they define small business and where it reports and got different answers. Where there is no correct answer, the takeaway was that the most successful banks have a clearly communicated definition and often meet with their retail, commercial, and specialty counterparts to manage issues and conflicts.

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Conference Retail Community Bank Technology 195

Independent Banker

NOVEMBER 30, 2021

“Our mission as a CDFI, obviously, is serving low-income census tracts, as well as [helping] the population who haven’t been historically included in the banking world,” he says. Our nonprofit helps us to meet that goal.”. When the Paycheck Protection Program (PPP) began, the community bank was in luck.

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Colorado Community Bank Community New Mexico 119

South State Correspondent

APRIL 12, 2022

As usual, it was full of insight that every community banker should consider. Our focus is on information that pertains to the community banking industry. The bank aims to be a responsible citizen at the local level in every community where it lends and takes deposits. 1) The Fed May Hike More Than Expected.

Community 195

Community Community Bank Leadership Lending 195

CFPB Monitor

SEPTEMBER 21, 2020

Last week, the CFPB announced the appointment of new members to its advisory committees: Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC). Rebecca Steele, President/CEO, National Foundation for Credit Counseling (Washington, DC).

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DC Mississippi Washington Oklahoma City 78

CFPB Monitor

MARCH 30, 2020

This section further extends to the National Credit Union Administration (NCUA) the authority to increase to unlimited the share insurance coverage it provides on any noninterest-bearing transaction accounts to federally insured credit unions. section 552b) (Sunshine Act) with respect to the conduct of its meetings.

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Regulation United States Community Bank National 122

American Banker

JUNE 18, 2020

Eastern Bank in Boston could raise as much as $1.7 billion to spend on acquisitions and technology investments that it says will be necessary to respond to customers' increasing preference for digital tools.

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Boston Meeting National Tools 35

Abrigo

FEBRUARY 25, 2022

However, many traditional community lenders will face real challenges meeting their lending goals for more business loans and higher yield, given expected interest rate hikes, higher non-interest expenses, and increasing competition for borrowers. It is the backbone of what many community financial institutions do, and they do it well.

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Lending St. Louis Community Survey 195

Independent Banker

DECEMBER 1, 2021

Start by meeting the entire team. Oftentimes conversations with prospective core providers will only be between the bank and the vendor’s sales representative. Make sure your team meets the team working behind-the-scenes, from the leadership team to the support managers. Read the story here. .

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Management eBook Community Meeting 103

Independent Banker

FEBRUARY 28, 2019

“Tim Zimmerman embodies what it means to be a community banker.”. Our theme is “Community Banks Turn Up the Volume,” and community bankers and our ICBA chairman Tim Zimmerman did just that over the past year. He wanted to take every opportunity possible to meet with bankers and share our positive message with others.

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Community Bank Leadership Community Nashville 80

Independent Banker

JULY 28, 2016

Senate Banking Committee. She explained why lawmakers should exempt community banks from Basel III capital rule. Community bankers score big changes in final credit-loss standard. Speaking Out—ICBA Chairman Rebeca Romero Rainey (far left) testified in June before the U.S. By James Kendrick. Concessions stand.

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Community Bank Community Connecticut Regulation 70

American Banker

MAY 27, 2016

While many of the nation's biggest banks provide live streams of their shareholders meetings, many midsize institutions do not. Investors are urging more institutions to webcast those gatherings, based on a belief that doing so will increase transparency.

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Meeting National Community Bank Regional 31

Independent Banker

APRIL 30, 2019

I was blown away by the incredible community banks that are featured, and I have a feeling you’ll feel the same way! Even after such a phenomenal ICBA LIVE and the ICBA Capital Summit, which may be happening as you read this, I can still draw such inspiration from our nation’s community bankers. I’m so glad that I did.

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Community Bank Tampa Community Washington 70