American Banker

AUGUST 10, 2020

Somerset Trust in rural Pennsylvania has partnered with RoamHR, a financial platform that assists the self-employed, to add tax-withholding help for contract and temporary workers to the bank's services.

Community Bank 83

Community Bank Pennsylvania Community Taxes 83

Jeff For Banks

JUNE 20, 2013

Credit Unions don''t pay taxes! The frequent and resource sapping waling about credit unions tells me that banks don''t know their enemies, umm, competition. But one CEO opined that the rift between banks and CUs was greatly exaggerated by trade associations to keep the masses engaged. Admittedly, mostly banks.

Resources 109

Resources Pennsylvania Marketing Community Bank 109

Jeff For Banks

DECEMBER 13, 2018

This is clearly a turnaround situation, as the bank lost over $12 million in 2010, over 20% of its capital (ouch). But once they turned things around they took their deferred tax asset back onto their books and did three acquisition. is the parent company of Willamette Valley Bank, a community bank headquartered in Salem, Oregon.

Oregon 101

Oregon Ohio California Community Bank 101

Jeff For Banks

DECEMBER 1, 2015

In the chart below, derived from The Kafafian Group’s (TKG) peer database of hundreds of community bank branches, we see that the revenue generated from deposit spreads, asset spreads (typically consumer loans), and fees (typically deposit fees) as a percent of branch deposits averaged 2.08% for commercial banks and 1.88% for thrifts during 2014.

Pennsylvania 60

Pennsylvania Community Bank Community Taxes 60

Jeff For Banks

DECEMBER 29, 2015

I had year-end tax planning, charitable contributions, and an upcoming holiday trip to fund. And for SIFI Bank (Systemically "Important" Financial Institution), the fuse expired. I doubt there is anybody in Pennsylvania, where my branch is located, that weighed in on that decision. My community bank was acquired by it.

Community 60

Community Community Bank Pennsylvania Policies 60

Gonzobanker

DECEMBER 20, 2018

Importantly, both grew their banks bigger and bigger while their egos remained as humble as ever. Goes to Greg Smith, retiring CEO of Pennsylvania State Employees Credit Union. Bank Purchase of the Year. CVB Financial acquires Community Bank. Write articles about helping people with taxes or something.”

Fintech 102

Fintech Conference Innovation Community 102