Independent Banker

FEBRUARY 28, 2023

Community banks own an enviable amount of data, but not all are leveraging it to its fullest extent. By Mindy Charski People share important data about themselves with their community bank in myriad ways. Data about existing customers can even help community banks improve their efforts to find new customers.

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Independent Banker

MAY 31, 2022

Community banks have a choice about addressing the problem: Remain vulnerable or be vigilant. Fraud and cybercrimes continue to increase, causing challenges for community banks. But there’s plenty community banks can do to meet this challenge. Here are some ideas for strengthening fraud defenses.

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Independent Banker

JANUARY 31, 2023

billion-asset First State Community Bank in Farmington, Mo. The dos and don’ts of data analysis can make the difference in a bank’s payments strategy (see sidebar below). Applying data Data can support community banks in helping their customers better manage their finances. The results?

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ABA Community Banking

APRIL 18, 2024

The post Podcast: How a Georgia community bank engaged employees at 3X the national rate appeared first on ABA Banking Journal. The rest are described as disengaged, with 17 percent actively disengaged, "which means they are literally trying to sabotage the organization," notes Neil Stevens.

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PYMNTS

MARCH 6, 2020

That’s even more true for community banks, which lack the resources larger FIs have to support modernization initiatives and technology investment efforts. At the same time, the logistical challenges and competitive pressures associated with digitization remain just as pertinent for community banks.

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PYMNTS

JANUARY 6, 2020

Community banks are pushing for a stronger role with their small business (SMB) customers. However, through an embrace of FinTech collaboration and industry consolidation, community banks appear poised to further dispel assumptions of a lack of digitization. A Consolidating Industry. Strengthening SMB Ties.

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PYMNTS

JANUARY 24, 2019

However, there may be an opportunity to get more contactless cards into the hands of consumers — an opportunity that involves community banks and is backed by financial incentives. ICBA Bancard’s 1,600 community bank customers have issued more than 7.3 ICBA Bancard’s 1,600 community bank customers have issued more than 7.3

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ABA Community Banking

JULY 5, 2022

Not many bank CEOs can say their first bank job was. The post The Path Less Taken to the Community Bank C-Suite appeared first on ABA Banking Journal. For those who can, they say it brings a unique perspective on leadership to the industry.

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PYMNTS

NOVEMBER 13, 2018

To that end, news came earlier this week in the United States that a dozen community and regional banks have formed a group aimed at exploring the opportunities amid FinTech offerings. The group, to be known as Alloy Labs Alliance, according to a press release , is being managed by FinTech Forge.

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ABA Community Banking

MARCH 10, 2021

When Gilda Nogueira's family immigrated to the United States, East Cambridge Savings Bank in Cambridge, Massachusetts, helped them land on their feet and begin their new life in America. Today, Nogueira pays this opportunity forward through community banking as president and CEO of ECSB.

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South State Correspondent

JUNE 30, 2023

Many banks pride themselves on superior customer service, and approximately 90% of all community banks believe that they provide an above-average level of customer service (the math cannot work that way). In the big picture, providing superior service across the entire bank customer base is counterproductive.

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PYMNTS

APRIL 2, 2019

MOXY bank , preparing to be one of the first new community banks to launch in the U.S. in decades, has announced that it is working with technology solutions company NYMBUS to integrate its core digital banking and payment services.

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South State Correspondent

MARCH 5, 2024

Several measurable factors drive loan (and, by extension, bank) profitability, including loan size, credit quality, term, cross-sell, and upsell. In this article, we will consider how and why loan size is one of the most significant drivers of profitability for community banks and what community banks can do to improve performance.

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South State Correspondent

MARCH 5, 2024

Several measurable factors drive loan (and, by extension, bank) profitability, including loan size, credit quality, term, cross-sell, and upsell. In this article, we will consider how and why loan size is one of the most significant drivers of profitability for community banks and what community banks can do to improve performance.

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ABA Community Banking

MARCH 23, 2020

Nuts-and-bolts strategies to help banks respond to the coronavirus pandemic . The post Coronavirus Response: Common Practices for Community Banks appeared first on ABA Banking Journal.

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ABA Community Banking

FEBRUARY 10, 2021

As an early-career CPA, Carissa Rodeheaver began her community banking career as a trust administrator nearly three decades ago. Now, she's at the same bank, as chairman, president and CEO of Oakland, Maryland-based First United Bank and Trust.

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South State Correspondent

MARCH 19, 2024

In banking, those numbers are markedly different. The average community bank has thousands of customers, and the vast majority (close to 90%) earn zero or negative ROE. At an average bank, the top 10% of customers generate the entire profit for the bank. Profitability continues to grow over time.

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ABA Community Banking

SEPTEMBER 9, 2020

The fourth season of the ABA Banking Journal Podcast kicks off with Minnesota community bank CEO Andy Schornack. The post Podcast: Giving Emerging Community Bank Talent ‘Opportunities to Shine’ appeared first on ABA Banking Journal.

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Abrigo

MAY 8, 2015

In recent months, the momentum around reducing the regulatory burden on the nation’s community banks has continued to gain steam. There are more than 6,000 banks and thrifts under $10 billion in assets and they are often less equipped to deal with complexities brought by additional regulations.

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Abrigo

DECEMBER 11, 2014

While the final guidance clearly applies to larger financial institutions, community banks should still take note. ” The section further details this would only occur under extraordinary circumstances, but community banks should be aware of the new framework and even consider applying the guidelines as a proactive, best practice.

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South State Correspondent

MARCH 30, 2022

Community banks pride themselves on superior customer service. Approximately 90% of all community banks believe that they provide an above-average level of customer service (of course, the math cannot work that way, as half of all banks should be providing a below-average level of customer service).

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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. If implemented, hundreds of additional banks would be eligible for the longer cycle.

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South State Correspondent

MARCH 26, 2024

Other banks attempt to provide relationship banking but fail because they may not understand what is involved and how to differentiate from competitors effectively. Relationship Banking and Commercial Loan Profitability Most bankers understand that they are in the primary business of keeping loans versus making loans.

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ABA Community Banking

MARCH 19, 2020

With banks, their customers and their employees facing unprecedented challenges associated with the 2019 novel coronavirus pandemic, ABA today published a suite of new resources for bankers to help them navigate this ever-changing situation.

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ABA Community Banking

OCTOBER 6, 2021

CEO survey reveals banks’ resilience, commitment to employees and communities. The post How Community Banks Survived the COVID Pandemic appeared first on ABA Banking Journal.

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South State Correspondent

SEPTEMBER 4, 2023

We analyzed the loan performance (return on equity, loan yield, fee income, and loan size) of hedged borrowings in a large group of community banks and compared this to the community bank industry averages. The table below shows a summary of our analysis (community banks are defined as banks under $10B in assets).

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Banking Exchange

MARCH 25, 2020

Its full time employees would receive extra compensation of $600 if they make less than $100,000 a year Management Feature Compliance Management Community Banking Feature3 The Economy Human Resources Financial Trends.

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Bobsguide

MARCH 30, 2022

Among the migrations recently completed or underway, banks are already seeing material results. Finastra announced that 27 community bank customers are working with Finastra to upgrade their legacy core banking solutions to Fusion Phoenix. This is in addition to 15 banks which went live last year.

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PYMNTS

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? With various banks and FinTechs producing innovative solutions — like mobile banking and P2P tools aimed at improving the speed of payments — the pressure is on for community banks to keep up. faster payments system.

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Abrigo

OCTOBER 1, 2014

Today’s youth and others across all age groups are placing a significant importance on consuming local food, developing local relationships and improving local communities. This is great news for community banks. A recent American Banker article discussed why the local food movement is good for community banking.

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CFPB Monitor

OCTOBER 9, 2018

Department of Treasury’s Financial Crimes Enforcement Network (“FinCEN”)—released on October 3, 2018 an Interagency Statement on Sharing Bank Secrecy Act Resources (“Statement”). Such resource sharing contemplates reducing costs and increasing efficiencies in the ways banks manage their BSA and AML obligations.

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Independent Banker

JANUARY 31, 2022

ICBA has a growing network of people and resources community banks can tap into as they continue their innovation journeys. The ThinkTECH Accelerator is one of several initiatives underway this year to foster community bank-enabled fintech partnerships. How do we filter and qualify solutions for our bank’s needs?

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ABA Community Banking

MARCH 30, 2022

While many larger banks have created "chief diversity officer" roles over the past several years, that role has been more of a rarity at smaller banks. The post Podcast: Breaking Ground as a Community Bank Chief Diversity Officer appeared first on ABA Banking Journal.

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Independent Banker

DECEMBER 31, 2018

. “We look forward to serving you and your community bank in the year ahead.”. Happy New Year, community bankers! And if you haven’t done so already, I encourage you to also come up with a community banking resolution—one that helps you flourish as a professional. I wish I had this when I was running my bank!

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Independent Banker

JULY 30, 2015

IB: What do ICBA advocacy staff members do to represent community banks in Washington? Hawxhurst: ICBA’s advocacy staff works to represent the interests of community banks before a wide range of policy bodies in Washington, particularly before Congress and the federal banking agencies. Be Heard Website.

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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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Independent Banker

JULY 30, 2015

Leading a team of marketing and communications experts, he is an outside-the-box thinker who believes strongly in the mission of the organization and the importance of community banks. Our members are thought leaders and visionaries who are the backbone of every community,” he says. Community Banking Month.

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