article thumbnail

Why a community bank in Missouri is investing in core banking startup Neocova

Bank Innovation

For Brice Luetkemeyer, president and CEO of Bank of St. Elizabeth, a Missouri-based community bank with $150 million in assets, investing in a core banking startup is critical for its future. Together with a group of other community banks, Bank of St.

Missouri 221
article thumbnail

Podcast: Believing in What Banking Can Do

ABA Community Banking

After a long career as a commercial banker in St. Louis, more than a decade ago Alex Fennoy joined Midwest BankCentre. He helped transform the community bank into one that has won awards—including a 2019 ABA Foundation Community Commitment Award—for its responsiveness to local needs.

St. Louis 116
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How To Take Advantage of the FOMC Meeting

South State Correspondent

Governor Christopher Waller and St. Louis Fed President James Bullard (who dissented in favor of a 50bps move last week) argued for some half-point hikes in 2022. Implications for Community Banks. Community banks must pay attention to loans that re-price in the next two or three years. Conclusion.

Meeting 195
article thumbnail

Here Is How To Calculate Your Bank’s Cost Of Capital [Calculator]

South State Correspondent

A beta of 1 means the bank moves approximately with the general market, while 1.2 Here, the more thinly traded or illiquid a bank stock is, the potentially higher the beta (at least in theory). Typically, for thinly traded community banks, the additional beta is approximately 30% higher than for liquid banks.

Capital 195
article thumbnail

Simmons Bank to sell 4 St. Louis-area branches to CEFCU

American Banker

The deal will expand the credit union's brick-and-mortar footprint to more than 30 locations across Illinois and California.

article thumbnail

Thurlow Describes Innovation Journey, Core Advocacy

ABA Community Banking

In keynote remarks last night at the St. Louis Fed’s community banking research conference, bank CEO Julieann Thurlow outlined Massachusetts-based Reading Cooperative Bank’s innovation journey and how it improved financial inclusion in the communities it serves.

article thumbnail

Enterprise Financial Names St. Louis Entrepreneur as New Chairman

American Banker

has named a prominent St. Louis private investor and entrepreneur as its next independent chairman. Enterprise Financial Services Corp. in Clayton, Mo.,