Independent Banker

DECEMBER 31, 2022

We simply need to remember what makes us special as community bankers, and with that as our foundation, we can embrace this season of change in four primary ways: 1. Demonstrating the community bank difference. That’s the community bank difference, and we should be proud to reiterate it throughout the year.

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Community Bank Community Hawaii Washington 218

South State Correspondent

AUGUST 21, 2023

That publication was referenced in the media as a US bank rating action, with a downgrade to ten larger banks (and a negative outlook to 11 other larger banks). However, that publication, directly and indirectly, identified three discrete risks affecting community banks.

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Community Bank Community Capital Analysis 195

South State Correspondent

JANUARY 16, 2024

The reason for the cessation of BSBY is simple – lack of use. BSBY was not well received by US regulators from its inception, but the market eventually embraced SOFR over BSBY. We published various articles comparing community bank alternatives to LIBOR (such as SOFR, Ameribor, Fed Funds, and Prime).

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Community Bank Community Compliance CA 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. With that two-pronged concentration, I can’t help but consider the connection between our role of service and the impact regulation can have on our very ability to serve.

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Community Bank Honolulu Community Georgia 163

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. Small business, middle market, large companies. And I agree with that.”

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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

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.

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Community Bank Community Regulation US 170

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. By Molly Bennett. Covington, Ind.

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Community Bank Community Industry Texas 239

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

PYMNTS

OCTOBER 4, 2019

For community banks and credit unions, their physical proximity to the small businesses they’re servicing is often pointed out as a major advantage these smaller players hold over the big banks, enabling these FIs to develop deeper relationships with their small to medium-size business (SMB) clients, anticipate their needs and establish trust.

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Lending Community Bank US Community 152

Jeff For Banks

AUGUST 2, 2021

Many of those original employees are still with us. It covers all the CAMELS components the regulators grade banks on. 22/ @Schornack.and really guide what the items keeping me up at night are within our banking organization. In June 2021, we were up to six locations, $327.6 million in assets and $233.7 million in loans.

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Community Bank Community Minnesota Metro 78

Independent Banker

JUNE 30, 2022

Effects of the pandemic and other factors creating unpredictability have changed how community banks approach their credit and lending operations. Bankers and industry observers have several recommendations for how community banks can come up with risk ratings and rankings that foster safe growth in a volatile economic climate.

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Management Community Bank Community Regulation 103

Independent Banker

AUGUST 31, 2021

[There is a] need for strong voices to weigh in on how new regulation will affect our communities and the customers we serve. This month’s issue of Independent Banker focuses on regulation and compliance, which continue to be costly and important topics for our industry. Now we’re facing a wave of potential new regulations.

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Community Community Bank Compliance Regulation 145

South State Correspondent

APRIL 9, 2024

We estimate that the average contractual loan commitment for term credit at community banks has decreased from just under five years in 2022 to just under three years currently. Community banks should carefully consider the prudence of such a strategy from both a risk and revenue perspective.

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How To Community Community Bank Marketing 195

Independent Banker

JUNE 30, 2022

Working through any difficulty or crisis at your community bank won’t be a walk in the park, but it may lead to an experience for which you’re truly grateful. As a community banker, you’re either going through a crisis or you’re preparing for one. That mindset forces us to think through every decision critically.

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Community Bank Community Lending Training 171

Jeff For Banks

JULY 6, 2013

I recently read a report by the US Senate Committee on Health, Education, Labor and Pensions titled The Retirement Crisis and a Plan to Solve It , led by Senator Tom Harkin (D: Iowa). Although it calls for USA Retirement Funds to be private, it used the typical keywords of "transparency, accountability, etc." that reads.

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Community Bank Community National Iowa 106

PYMNTS

APRIL 10, 2017

The lead regulator for U.S. banks, the Office of the Comptroller of the Currency, removed Wells Fargo’s most senior bank examiner, people familiar with the matter told Reuters. Bradley Linskens was reportedly removed from his position as a result of the bank’s unauthorized accounts scandal that surfaced last year.

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Regulation California Community Bank Cards 100

Independent Banker

JANUARY 31, 2022

From new competition and new technology to new regulation, we have adapted and continued to offer the relationship-centric experience that our communities, customers and missions depend on. Communicate, communicate, communicate. Newfound partnerships have allowed us to excel and rise to the challenge.

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Community Bank Community US Regulation 91

Independent Banker

JULY 31, 2022

The people behind a community bank make it what it is. Our relationships with our customers begin and end with us, so it’s our obligation to ensure our employees embrace our values and care about the community. Because, at the end of the day, what’s best for our customers is what’s best for us.

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Community Community Bank US Meeting 153

PYMNTS

JULY 31, 2019

The company revealed that David Kowach has been named head of Community Banking, while Jim Hays has come onboard as president and head of Wells Fargo Advisors. Kowach, Rowe, and Dai will report to Mary Mack, head of Consumer Banking, and Hays will report to Jonathan Weiss, head of Wealth & Investment Management.

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Community Bank Lending Regional Strategy 147

Independent Banker

NOVEMBER 30, 2022

“This is a Vegas bank,” explains Stacy Watkins, who was named president and CEO of the $237.6 million-asset bank in the early days of the pandemic. “It It was really impactful for us when the lights on the Strip went out—a very emotional, crazy time. We have found a way to service that and get the regulators comfortable.

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Las Vegas Community Bank Community Wisconsin 129

Independent Banker

DECEMBER 31, 2019

We see a world full of potential, which is exactly what inspires us to set our New Year’s resolutions. Lucky for us, community bankers know a thing or two about staying the course. We see this same degree of passion reflected in community bank plans. However, it takes hard work to hold onto those goals.

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Community Bank Community Washington Tools 125

Let's Talk Payments

JUNE 7, 2016

Just as it almost seemed like banks and FinTech startups were past the confrontation stage and had entered a constructive mode of collaboration and mutual empowerment, community banks have demonstrated.

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Community Bank Community Fintech Regulation 40

Independent Banker

JUNE 30, 2022

While it has had some benefits, like stronger risk management for our banks, it has made the customer process much more daunting. But community banks have adapted to address that shift. So, while this next round of uncertainty will bring with it new challenges, the strength of the community bank business model remains intact.

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Lending Idaho Nevada Oregon 141

Independent Banker

OCTOBER 31, 2021

The CARES Act extended the CECL implementation deadline for many larger community banks until the end of the COVID-19 pandemic. Community bankers tell us that while the extension is welcome, they’re already down the road to implementation. ICBA tells FASB CECL isn’t feasible for community banks. April 2011.

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Community Bank Community Software New York City 91

Independent Banker

SEPTEMBER 30, 2021

Under Larry Wilson’s leadership, First Arkansas Bank and Trust’s branch on the Little Rock Air Force Base was named the 2020 Air Force Bank of the Year. Community banks operate on a majority of the country’s military installations. Community banks comprise more than two-thirds of the 66 banks operating on U.S.

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Arkansas Community Bank Community Operations 168

NCR

MARCH 7, 2018

However, these firms have long been barred from offering full financial services in the US due to regulations mandating the separation of commerce and banking. But now one key regulator in the US has suggesting this could change. At the moment, thoughts of any changes to these regulations are still hypothetical.

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Regulation Retail Community Bank Community 53

Abrigo

NOVEMBER 7, 2019

Strategies to lessen the impact of CECL on smaller community banks. Usually, a problem is either brought to us, or we identify a problem. This brings us to cost-benefit. How to lessen the impact of CECL on smaller community banks. WARM was geared specifically to community banks. Now that's big.

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Community Bank Community Lending Analysis 150

Abrigo

JUNE 5, 2015

In a recent Forbes article, Frank Sorrentino, Chairman and CEO of ConnectOne Bank, offered his take on how financial institutions should flip their mindset on regulators and examinations. Stress testing is one such area where many smaller banks are feeling the weight of regulation.

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Risk Management Community Bank Regulation Survey 150

Abrigo

JANUARY 17, 2023

This new portal has an artificial intelligence AI integration and is to be the best-of-breed customer experience in all of banking. A lot of us used a customer portal for PPP Lending due to the mere volumes of customer loan requests and documents flowing to/from the bank and the customer. They are: . Digital lending.

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Lending System Customer Experience Case Study 195

Gonzobanker

APRIL 28, 2016

If you used the Spirograph toy on the following chart—which depicts the U.S. The amount of regulation in the financial industry is staggering and has understandably been top of mind for most CEOs. We are hopeful that community banks will also pursue efforts to communicate the real cost of regulatory burden to our friends in Washington.

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Regulation Management Community Bank System 60

Independent Banker

SEPTEMBER 30, 2018

With the 10th anniversary of the Wall Street financial crisis just behind us, let us not forget the wrongdoings of the nation’s largest and most systemically important banks—wrongdoings that led to the Great Recession and the undoing of one too many American dreams. Rebeca Romero Rainey President and CEO, ICBA.

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Community Memphis Tennessee Community Bank 79

NCR

AUGUST 31, 2016

Yet banks need one important yet not easily attainable ingredient to do mortgages right in an era of ever-increasing rules and regulations—quality. Some banks choose to overcome the quality hurdle—which is demanded by both regulators, GSEs and investors—by hiring their own QC staff.

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Community Bank Community Guidelines Compliance 49

Jeff For Banks

SEPTEMBER 24, 2022

I moderated a strategic discussion at a recent banking conference. In that meeting, the CEO of a community bank said he offsets his branch costs by leasing branches out to unrelated businesses, like a masseuse. The anxiety community bankers feel about consolidating branches is palpable. How can the community bank compete?

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Community Bank Community Survey Management 78

Independent Banker

SEPTEMBER 30, 2020

of imagination—draws out the creative side in all of us. billion of community bank expenses, what more can we expect as a result of new programs like PPP? Where can we, as an assembly of community bankers at ICBA, address the places where regulation and compliance may hinder our natural business growth?

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Community Community Bank Compliance Training 116

South State Correspondent

APRIL 19, 2023

Focusing on uninsured deposit performance is a hot topic among investors, analysts, and regulators. While every bank is now tracking the general metric, only a few banks monitor deposit performance in the category. This is one of the great mysteries of community banking.

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How To Examples Resources Community Bank 195

PYMNTS

APRIL 16, 2019

“This will also allow us to share experiences and information related to FinTech … and reap the benefits of the new innovation in financial technology, enhance payment systems and promote financial inclusion,” said National Bank of Singapore Deputy Governor Neav Chanthana of the partnership.

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Fintech San Francisco National Innovation 211