American Banker

DECEMBER 15, 2023

New York Gov. Kathy Hochul signs a law banning medical debt on credit reports; PayPal's former CEO Dan Schulman will exit the board; community banks boost small-business loan approvals; and more in the weekly banking news roundup.

New York 69

New York Community Bank Community Report 69

Independent Banker

OCTOBER 1, 2022

Community banks are at a critical juncture when it comes to cybersecurity. With cybercrime becoming increasingly complex and sophisticated, community banks must remain vigilant and monitor and manage their critical infrastructure. Community banks are at a critical juncture when it comes to cybersecurity.

Innovation 139

Innovation Community Bank Training Community 139

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

PYMNTS

MARCH 15, 2019

Community bank Patriot National has hit a regulatory roadblock in its plans to launch a Small Business Administrative platform, but reports in American Banker on Thursday (March 13) said the financial institution remains undeterred by the challenge. Hana is one of the largest SBA lenders, facilitating $96.6

National 139

National Community Bank Metro Lending 139

Independent Banker

NOVEMBER 30, 2021

As more customers moved online, fraudsters took advantage of new and increasingly inventive opportunities to commit remote authentication fraud. Experts say community banks can use education, biometrics and solid cybersecurity practices to fight this growing area of crime. New account fraud. By Elizabeth Judd.

Fraud 160

Fraud Strategy Community Bank New York City 160

PYMNTS

OCTOBER 23, 2018

The New York Attorney General announced that Wells Fargo & Company has agreed to pay a $65 million fine in connection with its “cross-sell” business model, related sales practices, and publicly reported cross-sell metrics. In addition, the company reported cross-sell metrics that falsely showed the success of that strategy.

New York 139

New York Fraud Community Bank Strategy 139

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.

Meeting 217

Meeting New Jersey New York Community Bank 217

PYMNTS

AUGUST 12, 2019

Taylor will report directly to the Head of Treasury, Merchant and Payment Solutions Danny Peltz. 26, and she will be based in New York City. Last month, Wells Fargo also added four new executives to its roster. She graduated from Spelman College and earned her MBA from The Wharton School at the University of Pennsylvania.

New York City 179

New York City Pennsylvania New York Community Bank 179

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

PYMNTS

APRIL 2, 2019

s Labour Party would turn some post offices into bank branches, with policymakers pointing to the need to broaden access to financial services for small businesses. Turning as many as 3,600 post offices into Post Bank branches could address the issue of declining bank locations. . A proposal under the U.K.’s

Community Bank 148

Community Bank Community New York National 148

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

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

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. The bank’s 23 branches serve Sacramento and south of the capital city, where almonds and grapes are two key cash crops.

Community Bank 150

Community Bank Sacramento Lending Wisconsin 150

Payments Source

AUGUST 14, 2019

Black and Hispanic owners of one-person businesses are more likely to be discouraged from applying for financing, and they’re less likely to receive financing when they do apply for it, than their white counterparts, according to a new report from the New York Fed.

New York 67

New York Lending Report Community Bank 67

American Banker

OCTOBER 14, 2020

The New York bank, which is conducting a search for its next leader, also said it expects to report strong third-quarter earnings.

New York 74

New York Report Community Bank Community 74

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 71

Community Bank Community Apple National 71

Abrigo

OCTOBER 23, 2014

CEIS Review , a New York-based bank consulting firm, highlights the shift in a recent article. Community banks certainly want to remain conservative with risks and follow regulations. As a result, many are seeking growth in these areas, and others, as the recent financial crisis falls into the more distant past.

Risk Management 186

Risk Management Management Lending Resources 186

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

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. The top 10 banks already control over 50% of all US banking assets. This post is not about climate change.

Lending 78

Lending Regulation Community National 78

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

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

Jeff For Banks

APRIL 25, 2014

September 2004, driving from a meeting in New York, on the grossly miss-titled Cross Bronx Expressway, Nathan Stovall, a reporter from SNL Financial gave me a call. The question: What was up with an upstate New York bank? of Ocala, Florida on the bank''s sale to Heritage Financial Group, Inc.

Community 93

Community New York Indiana Connecticut 93

ABA Community Banking

AUGUST 14, 2019

small businesses—reported profitability in 2018 than employer firms did, according to Small Business Credit Survey figures released today by the Federal Reserve Bank of New York. The post Fed: Non-Employer Firms Face Challenges with Credit Access, Operating Expenses appeared first on ABA Banking Journal.

Operations 40

Operations New York Survey Report 40

ABA Community Banking

AUGUST 14, 2019

small businesses—reported profitability in 2018 than employer firms did, according to Small Business Credit Survey figures released today by the Federal Reserve Bank of New York. The post Fed: Non-Employer Firms Face Challenges with Credit Access, Operating Expenses appeared first on ABA Banking Journal.

Operations 40

Operations New York Survey Report 40

Independent Banker

SEPTEMBER 25, 2014

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 banks often already have the expertise handy in-house, they say.

Community Bank 70

Community Bank Compliance Risk Management Community 70

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

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

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

American Banker

OCTOBER 20, 2016

Signature Bank in New York reported a sharp decline in quarterly profits after suffering steep losses on its Chicago portfolio of taxi medallion loans.

Chicago 28

Chicago New York Report Regional 28

American Banker

JULY 15, 2016

Carver Bancorp in New York will likely report a loss for fiscal-year 2015 after restating its results. The company disclosed in a regulatory filing that the error is tied to the accrual of expenses related to invoices paid to its core system service provider.

New York 28

New York System Report Company 28

CB Insights

FEBRUARY 20, 2020

GET THE 102-PAGE q4 2019 FINTECH TRENDS REPORT. Download the free report for all the details. In the same month, small business lenders Kabbage and BlueVine both announced plans to offer banking services to SMBs. Prior to announcing it was launching crypto trading in December 2018, Robinhood reported having 3M customer accounts.

Fintech 80

Fintech US Lending Cards 80

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.

Community Bank 172

Community Bank Community National Philadelphia 172

Fintech Labs Insights

SEPTEMBER 12, 2016

This helps smaller banks and credit unions in particular take advantage of innovations in authentication and security without worrying about the spending money on soon-to-be-obsolete technologies. Pictured: CEO David Schropfer demonstrating AnchorID at FinovateFall 2014 in New York.

Los Angeles 12

Los Angeles New York Regional Community 12

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

PYMNTS

FEBRUARY 8, 2019

As has been previously reported, a proposed $22 billion dea l (slated to close later in the year) will bring the two firms together, where Fiserv holders will own 57.5 For Fiserv, the headline numbers reported on Thursday (Feb. percent of the combined entity, and First Data holders the remainder. billion, and non-GAAP earnings were $.84,

Data 145

Data Payments Digital Banking New York 145

Independent Banker

NOVEMBER 30, 2021

Many hotels and other hospitality businesses haven’t fully bounced back from COVID-19 travel and safety restrictions, but community banks have been by their side through the challenges. MainStreet Bank has a sizable hotel loan portfolio with roughly $100 million in loans on 15 properties. Sushil Patel, State Bank of Texas.

Community Bank 209

Community Bank Community Texas Dallas 209