Abrigo

JANUARY 22, 2015

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

Community Bank 150

Community Bank Community Regional Cleveland 150

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.

Community Bank 239

Community Bank Community Industry Texas 239

South State Correspondent

MARCH 21, 2023

The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects.

Taxes 195

Taxes Community Bank Community Operations 195

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. government, according to a report by CNBC. million for his role in a scandal at Wells Fargo involving millions of fake accounts created to meet the bank’s sales quotas. He will also have to pay $17.5

Community Bank 185

Community Bank Regulation Community Meeting 185

South State Correspondent

APRIL 12, 2022

While we look at many annual reports, the two CEO missives that we never miss are Berkshire Hathaway’s and JP Morgan Chase’s (JPM) shareholder letter. We feel that as community bankers, we can learn much from Jamie Dimon (Chairman and CEO of JPM) and from Warren Buffet. 1) The Fed May Hike More Than Expected.

Community 195

Community Community Bank Leadership Lending 195

PYMNTS

OCTOBER 6, 2020

According to an August study of digital banking by PYMNTS, banks are closing physical branches, reducing hours of operation and encouraging customers to use their websites or mobile apps to conduct transactions and reduce face-to-face interactions between customers and staff. On Monday (Oct. 5) NCR Corp.

Digital Banking 256

Digital Banking ATM Mobile Atlanta 256

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. government, according to a report by CNBC. million for his role in a scandal at Wells Fargo involving millions of fake accounts created to meet the bank’s sales quotas. He will also have to pay $17.5

Community Bank 136

Community Bank Regulation Community Meeting 136

PYMNTS

OCTOBER 9, 2018

Banks and businesses alike are heading toward the 11th hour of changes in accounting standards, which will have a major impact on how companies report financial metrics and performance. For companies, the changes will disrupt their financial reporting in a big way when the requirements come into effect.

Community Bank 153

Community Bank Community Report Lending 153

PYMNTS

DECEMBER 8, 2020

economic slowdown fueled by the COVID-19 pandemic is likely to continue into 2021 but could start bouncing back by mid-year as the population gets vaccinated, according to a December survey from the National Association for Business Economics (NABE). Report: Digital Lender SoFi Eyes IPO Via SPAC.

San Francisco 130

San Francisco Community Bank Video Capital 130

PYMNTS

FEBRUARY 8, 2019

In a reported phishing campaign that began last month, Bank Secrecy Act (BSA) officials at credit unions in the U.S. The outlet reported that the file “comes back clean via a scan at Virustotal.com,” however, the file’s body was said to include a link to a site that was malicious.

FDIC 134

FDIC Community Community Bank National 134

South State Correspondent

DECEMBER 8, 2023

Every Bank Has a Certain Level of Small Business Banking Channel Confusion While few said it, almost every major bank implied some level of channel confusion with small business banking as it overlaps with retail, commercial, and specialty lines of business. However, banks differed in how to get there.

Conference 195

Conference Retail Community Bank Technology 195

Abrigo

FEBRUARY 25, 2022

Bankers reported easier standards and terms on commercial and industrial loans to firms of all sizes in the fourth quarter, with 44% of respondents citing more aggressive competition from other banks or nonbank lenders as an important reason. It is the backbone of what many community financial institutions do, and they do it well.

Lending 195

Lending St. Louis Community Survey 195

Independent Banker

AUGUST 31, 2021

It’s our responsibility to help make our communities better places to live, to help pull people out of poverty and address issues they’re facing. And we build a long-lasting positive impact, because that’s what community banking is all about. Every community banker has these powerful narratives to share. My Top Three.

Community Bank 91

Community Bank Community social media National 91

Independent Banker

JANUARY 31, 2022

Ken Finley, president of Johnson City Bank, in downtown Johnson City with Shannon Sultemeier, executive vice president (left); and Brenda Haynes, vice president/cashier (right). Here’s how four community banks are thriving in this environment. These include family-owned businesses, community businesses and operating companies.

Texas 182

Texas San Antonio Community Bank Community 182

PYMNTS

OCTOBER 31, 2019

A press release this week said Intellect Design Arena will connect Commonwealth Trade Bank to its Intellect Digital Core Solution, IDC 19.1, The core infrastructure technology will be implemented within the bank’s corporate, lending, treasury, retail, domestic, cross-border payments and other operations, according to reports.

Innovation 101

Innovation Community Bank Customer Experience Operations 101

PYMNTS

JANUARY 4, 2017

The total roster now claims more than 1,600 banks and credit unions domestically, said the site, even as 35 percent of retailers in the U.S. As has been reported, Apple Pay is also available internationally in, among other nations, Australia, China, Hong Kong, Japan, Spain, the U.K. support Apple Pay. and Switzerland.

Apple 117

Apple Arkansas Indiana Utah 117

PYMNTS

SEPTEMBER 26, 2019

Advanced technology is raising the stakes of how CUs should operate, with members now demanding the instant payments and slick mobile interfaces that large banks and FinTechs have made standard,” the Tracker stated. after the industry pressed for regulatory guidance on the matter. The SMB Loan Opportunity.

Lending 108

Lending Community Bank Community Fintech 108

PYMNTS

APRIL 30, 2018

National Small Business Week is this week in the U.S., and finance experts are celebrating with new data on the state of the entrepreneurial community. But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too.

Taxes 144

Taxes America National Community 144

Abrigo

JUNE 25, 2015

A recent report from NBCNews.com said that while prices began falling last week, officials say it could take up to two years for the providing farms to return to normal production. Headquartered in Madison, Wisconsin, the non-traditional bank held more than $1.6 In the Northeast, The Bank of Castile lent the most to farms in Q1.

Community Bank 150

Community Bank Sacramento Lending Wisconsin 150

PYMNTS

AUGUST 11, 2017

Lowe’s has added a prepaid solution for construction crews, using a platform from Fidelity National Information Services (FIS). PaymentsSource reported that while Lowe’s has long offered financing through its private-label credit card programs, this option is a poor fit for construction crews that need to manage ongoing expenses.

Cards 100

Cards Jacksonville Community Bank National 100

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. Funding Circle Takes A Closer Look At Open Banking. Reports in P2P Finance News said Funding Circle U.K. Over in the U.K.,

North Carolina 193

North Carolina Fintech Technology Community 193

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Shielding sensitive customer information from prying eyes remains a chronic industry challenge. Bob Hickok.

Data 91

Data How To Community Bank California 91

Abrigo

JUNE 5, 2015

The piece, titled “Why Banks Should Stop Fighting and Learn To Love Regulators,” suggests that while institutions of all sizes are grappling with increased scrutiny and regulation, the reality is that it is here to stay following the financial crisis. Click here to take the survey.

Risk Management 150

Risk Management Community Bank Regulation Survey 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. Is the premise that doing "plain vanilla" banking acceptable? Valley National had an ROA in the fourth quarter of 1.08%. But what about Bank of New York Mellon.

Community Bank 70

Community Bank Community Apple National 70

Gonzobanker

JULY 20, 2022

financial institution executives surveyed for What’s Going On In Banking 2022 , 19% of community banks and 10% of credit unions had not launched a digital transformation strategy prior to this year, and another 15% had no plans to do so. While a digital product manager may have operations or I.T. Among 300 U.S.

Digital Strategies 173

Digital Strategies Strategy Leadership Customer Experience 173

PYMNTS

OCTOBER 1, 2018

In Mexico, 44 percent of small businesses that have been in operation for five years haven’t seen their incomes rise , according to Moody ‘s Senior Credit Officer Felipe Carvallo in an interview with Euromoney. percent of all loans in Mexico as of last March — equivalent to only 2 percent of total GDP, reports said.

Lending 115

Lending Survey Data National 115

PYMNTS

JUNE 11, 2018

In an example of just how expensive money laundering can be, consider the case where the Commonwealth Bank of Australia (CBA) agreed to a record fine of 700 million Australian dollars, the largest penalty ever in the country’s history and double the amount the CBA had estimated it would have to pay. Closer to home, in the U.S.,

Regulation 100

Regulation Community Bank Lending Industry 100

Independent Banker

OCTOBER 1, 2021

When reviewing their UBPRs, bankers sometimes struggle to find insightful conclusions—If the bank is outperforming peers, this fact receives a mention in the board report. However, if the bank is underperforming peers, the peer group itself is dismissed as irrelevant (“we’re a lot different than those banks anyway…”).

Analysis 91

Analysis Texas Groups Examples 91

Jeff For Banks

DECEMBER 9, 2020

This should include an enterprise-wide risk assessment to evaluate climate change and its impacts on risk factors such as credit risk, market risk, liquidity risk, operational risk, reputational risk, and strategy risk; and 2. The top 10 banks already control over 50% of all US banking assets. It's a glimpse into tyranny.

Lending 78

Lending Regulation Community National 78

Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. Regulators and industry consultants agree that community banks are generally doing a great job handling their regulatory oversight and requirements. increased operational risks.

Compliance 101

Compliance Regulation Community Bank Community 101

Abrigo

JUNE 16, 2016

“It will play a central role in determining the allowance for credit losses, which is one of the most significant estimates in an institution’s financial statements and regulatory reports,” Hamilton said. They all have finance operations. Or it could be a tech company that has cash and it's holding a pool of debt securities.”

Resources 150

Resources Exercises Lending Community 150

CFPB Monitor

OCTOBER 9, 2018

regulatory agencies—the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the U.S. The Statement elaborates on three, non-exhaustive examples of appropriate resources to share.

Resources 68

Resources Compliance Community Bank Community 68

Abrigo

AUGUST 26, 2015

This is the sentiment of several high-profile executives regarding the National Credit Union Administration’s (NCUA) stance on examination cycles for credit unions. The longer interval is on the table for banks as well. “… it’s not 2008.”. This followed further transparency of the NCUA’s budget, which noted $6.39

Survey 150

Survey Community National Community Bank 150

Gonzobanker

DECEMBER 22, 2020

Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. And how did community banks and credit unions respond to the COVID craziness? Jill is continually demonstrating just how loud a $300 million community bank can roar!

Idaho 170

Idaho Community Industry Strategy 170

American Banker

MAY 9, 2016

State Bank Financial in Atlanta just hired a lending team that will take its SBA lending operation to the next level. The moves comes as the SBA reports a record number of 7(a) loans.

Atlanta 28

Atlanta National Lending Operations 28

Independent Banker

JULY 30, 2015

Lindsay LaNore is responsible for ICBA’s new Community Banker University. She leads a team that works to identify, develop and offer courses that meet community banks’ educational needs. Her role is to make certain that relevant education is provided in a responsive manner to all community bank members. “I

Resources 70

Resources Tools Community Bank Conference 70

Independent Banker

FEBRUARY 24, 2016

“I know that unnecessary regulation saps the strength of community banks.” Federal banking regulators are always alert to emerging safety and soundness issues. Our examiners report that they are finding weaker protective covenants, extended maturities and a layering of risks in loan portfolios. Curry, U.S.

Community Bank 70

Community Bank Community Regulation Compliance 70