Independent Banker

JUNE 30, 2022

The latter part of this equation, inclusion, refers to the goal of every single employee feeling able to bring their whole self to work—to feel valued and accepted just as they are. So, how can community banks build truly inclusive cultures, where everyone feels like they belong? Misti Stanton, Mercantile Bank.

Community Bank 91

Community Bank Community Leadership Millennials 91

Abrigo

APRIL 23, 2015

A new bill proposed on April 16 aims to increase the exam cycle period for a larger pool of community banks. would make more banks eligible for an 18-month exam cycle as opposed to the norm of a 12-month schedule. A similar bill, commonly referred to as the Small Bank Exam Cycle Reform Act of 2015 , was introduced by Rep.

Community Bank 150

Community Bank Community Survey FDIC 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.

Community Bank 131

Community Bank Community Fintech Lending 131

Banking Exchange

NOVEMBER 18, 2019

Banks are in need of young leaders that naturally keep up with current technology Customers Community Banking Feature3 Fintech Feature Technology Retail Banking Human Resources Management Financial Trends Tech Management Mobile Online.

Community Bank 60

Community Bank Community Fintech Resources 60

South State Correspondent

OCTOBER 9, 2019

Today LIBOR is linked to over $250 Trillion (that is with a “T”) in financial instruments and has been used as a reference rate for more than 30 years. However, regulators, for various reasons, are driving a shift to an alternative reference rate. Most community banks use LIBOR sparingly in their loan and deposit contracts.

Community Bank 170

Community Bank Community Regulation US 170

CFPB Monitor

AUGUST 31, 2021

The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Banks are instructed to reference relevant guidance from the agencies that is listed in a footnote.

Community Bank 78

Community Bank Community Fintech Company 78

CFPB Monitor

APRIL 14, 2022

CFPB Director Rohit Chopra recently gave opening remarks at the joint meeting of the Community Bank and Credit Union Advisory Councils. In them, he expressed a desire to re-direct the CFPB’s attention to the needs of financial institutions used by local businesses and to make relationship banking a key priority for the CFPB.

Community Bank 78

Community Bank Community Meeting Marketing 78

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. Lesson 2: Leadership Matters Jamie Dimon cites military decision making referring to the term OODA loop (observe, orient, decide, act) that we have written about HERE.

Community 195

Community Community Bank Leadership America 195

NCR

DECEMBER 18, 2017

Community banks are an integral part of the US banking system. In the US, a community bank is typically defined as one with assets of less than $1 billion – and for many people a local credit union or community bank is often the first choice when opting for a financial services provider.

Community Bank 79

Community Bank Community Innovation ATM 79

South State Correspondent

MARCH 14, 2022

Community banks have solid competitive advantages when competing against insurance companies (primarily life insurance companies or “Lifecos”) and commercial real estate securitization conduit lenders (CMBS) for commercial borrowers. How Banks Can Compete Against Insurance Companies and CMBS. Solution Parameter. Differentiation.

Company 195

Company Community Bank Community Lending 195

ForwardBanker

JANUARY 30, 2019

Just a few short years ago, banking experts encouraged community banks to tie variable rate loans to LIBOR. They said the switch would help smaller banks compete with big banks, while reducing their basis risk, operational overhead, and more. The post Should you be doing something with reference rates?

Community Bank 41

Community Bank Community Operations New York 41

South State Correspondent

NOVEMBER 30, 2022

This article will discuss banks’ options for converting LIBOR loans to SOFR that were done through our ARC hedge program instead of the more operationally challenging Fallback Rate. An index representing overnight rates and term structures is fundamental to community banks that sell products with multiple payment periodicities.

Community Bank 195

Community Bank Community Marketing Groups 195

South State Correspondent

APRIL 24, 2022

Banks have ceased using LIBOR to price assets and liabilities after 2021. However, some community banks are still deciding on the correct term lending index to adopt. Many banks are uncertain that they have chosen the best term index for their products and markets. Banks prefer an index that follows their cost of funding.

Lending 195

Lending Community Bank Community Marketing 195

Independent Banker

JANUARY 31, 2022

Southern Bancorp partners with other community banks to increase loan accessibility and financial literacy to low-income customers. As CEO of Southern Bancorp, Darrin Williams wants to promote relationships between community banks and CDFIs to create more prosperous communities. Photo by Dero Sanford.

Community Bank 172

Community Bank Community Leadership Arkansas 172

Independent Banker

MARCH 31, 2022

Whether achieved by internal or external resources, community banks provide valuable support for small businesses. By providing “bonus” services to small businesses, such as startup loan programs and referral services, community banks prove themselves to be reliable financial partners, with mutually beneficial results.

Community Bank 91

Community Bank Wisconsin Community Resources 91

PYMNTS

FEBRUARY 21, 2020

Louis Federal Reserve Bank President James Bullard said there remains a “high probability that the Coronavirus will blow over as other viruses have.”. That refers in part to stock market volatility that saw markets down nearly a percent on Friday (as measured by the S&P 500 Index). Banks and a Changing Landscape.

St. Louis 150

St. Louis Community Bank Policies Course 150

PYMNTS

MAY 12, 2016

In reference to regulations directly impacting the banking industry, Dimon promised that “we’re going to satisfy the regulators” and noted: “When I travel around America, I get a huge amount of complaints about regulation. And I agree with that.”

Regulation 100

Regulation Community Bank Community America 100

Independent Banker

FEBRUARY 28, 2022

We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. The digital world has opened vastly broader avenues for community banks to attract new customers—especially if they partner with fintechs in their endeavors.

Fintech 136

Fintech Marketing Community Bank Community 136

Independent Banker

DECEMBER 31, 2022

The skills needed to succeed in the workplace are changing, with companies placing greater value on soft skills like communication and leadership. In response, community banks have an opportunity to revisit hiring policies and training programs. Being a community bank, our customers are our neighbors.

Training 98

Training Community Bank Community Knowledge Base 98

Independent Banker

JANUARY 31, 2023

With technology upgrades and customer experience consistently ranking as chief priorities for community banks, there’s no question that innovation serves as a strategic imperative. Lean on those references and reach out to peers who are using the solution. But the best tactical implementation approach remains uncertain.

Fintech 139

Fintech Innovation Community Community Bank 139

Gonzobanker

JUNE 28, 2023

It’s what one of my Fintech Hustle podcast guests (serial fintech entrepreneur Tom Shen ) referred to as “meat and potatoes” fintech. Deep expertise in sound business lending has value , which showed up in the market both directly helping community banks and through partnerships.

Fintech 145

Fintech Risk Management Lending Software 145

Jeff For Banks

FEBRUARY 12, 2024

billion bank from Moline, IL, and CF Bancshares, Inc. billion bank from Columbus, OH are very valuable. References to "I" means Perry. Perry is currently the CEO of PCW Advisors , a financial consulting firm focused on the community banking industry. ($QCRH), an $8.5 CFBK) a $2.1 To the curious.

Columbus 106

Columbus Indianapolis Capital Community Bank 106

PYMNTS

OCTOBER 12, 2018

In reference to the consumer, too, consumer and community banking revenues were up 1 percent to $13.3 Loans during the period came to just under $425 billion. Drilling down a bit, card loans were $147 billion, up 5 percent year on year to $147.9 billion, a 2 percent gain. In terms of headline results, earnings of $2.34

Cards 143

Cards Mobile Report Community Bank 143

Jeff For Banks

NOVEMBER 6, 2010

At first I was becoming disappointed with the book, expecting to hear the author''s point of view on what community financial institutions ("FIs") need to do to succeed in our brave new world. I realized the book was not going to go there when he started making references to specific Bloomberg screens.

Community Bank 60

Community Bank Strategy Community Report 60

PYMNTS

MARCH 11, 2020

I’m referring to frictionless payments as anything that doesn’t involve the actual plastic,” he said. “So We’re also referring to voice transactions when we talk about frictionless.”. Making the necessary investments is especially challenging for smaller community banks and credit unions (CUs), Good maintained.

Payments 259

Payments Mobile Trends Apple 259

PYMNTS

APRIL 16, 2019

Elsewhere, Federal Reserve Governor Michelle Bowman said last week, as reported in ABA Banking Journal , that outsourced risk management guidance may need to be reworked, as complex regulations have been hindering community banks’ efforts to embrace innovation.

Fintech 211

Fintech San Francisco National Innovation 211

Abrigo

MARCH 6, 2017

3) @JohnRBarlow – John Barlow is president of Barlow Research, which provides market research for commercial banks. His Tweets mix news about middle market, small business and business internet banking with occasional pop culture references. It often Tweets columns tied to breaking news and statistics.

social media 150

social media Lending Community Community Bank 150

Celent Banking

JANUARY 24, 2017

Millennials this…”, “Small businesses that…”, Community banks are…”. Two current examples illustrate: The Use of AI in Banking is About to Explode. While referring to a small number of community banks interviewed for the article, it projects those results on the entire community bank population.

Community Bank 100

Community Bank Community Survey Mobile 100

PYMNTS

JULY 24, 2019

That overture, he said, will allow the combined firm to compete against the largest banks. During questioning by lawmakers, and in reference to scale, Rep. Community banks and credit unions are likely to go out of business, he said, “and they do not have the money to launch these mobile banking platforms.”

Community 130

Community Massachusetts United States California 130

Independent Banker

MAY 31, 2022

Ted Whitehurst, Providence Bank president and CEO, led the charge to open a new brick-and-mortar location of the Raleigh, N.C., community bank during the pandemic. Providence Bank chose to open a new brick-and-mortar site during the pandemic, when many other businesses were ceasing operations or shutting down altogether.

Raleigh 91

Raleigh Community Community Bank Lending 91

Abrigo

OCTOBER 20, 2016

Technological innovation has enabled FinTech start-ups to compete in a field previously dominated by banks and credit unions. At the same time, early adopters of new technologies, like mega banks, are edging out community banks and credit unions in the fight for customers and creating a rapidly consolidating industry.

Software 150

Software Lending Community Bank Taxes 150

Independent Banker

DECEMBER 1, 2021

Early last year, Gilmer National Bank put us through their due diligence process when they were searching for a core option. They met our entire team, called on customer references, and visited our headquarters and data center. Our response to Gilmer’s process is a testament to our partnership with community banks.

Management 103

Management eBook Community Meeting 103

PYMNTS

JUNE 11, 2018

community banks hailed some changes to the Dodd-Frank regulations, particularly in regard to how small to medium banks are treated. Closer to home, in the U.S., There’s also the exemption of some loan originators from disclosure requires, as had been mandated by the Home Mortgage Disclosure Act.

Regulation 100

Regulation Community Bank Lending Industry 100

PYMNTS

FEBRUARY 24, 2016

The total ratio of banks that were unprofitable dropped 80 basis points year over year to the most recent 9.1 In reference to community banks, the 5,735 that reported said they had $5.1 That is the lowest tally for a fourth quarter report in the past 20 years. Revenues were up more than 7 percent year over year.

FDIC 100

FDIC Community Bank Maine Community 100

American Banker

OCTOBER 18, 2023

American Bank of Oklahoma agreed to a consent order in August to settle allegations from the Department of Justice over redlining. However, the institution strenuously objected to references to the Tulsa Race Massacre in the agreement and asked that the language be stricken.

Tulsa 36

Tulsa Oklahoma Community Bank Community 36

Jack Henry

JULY 29, 2022

As someone who reads this blog and follows the industry, you’ve likely heard a lot of talk about open banking recently. Headlines with references to “Open APIs” and “Shared Data” continue to appear in inboxes and popular topics with industry reports.

User Experience 78

User Experience Google Lending Industry 78

South State Correspondent

JULY 5, 2022

As a reference, the market expects short-term rates to increase by another 1.77% for the rest of 2022. We concluded that obligors showing less than 1.50X DSCR would be most at risk, but the average community bank underwrites to 1.20X DSCR. A loan starting at 1.20X DSCR dips below 1.0X

Management 195

Management Capital US Community Bank 195