United Community Banks Merge With Reliant Bancorp

PYMNTS

United Community Banks and Reliant Bancorp are merging in an estimated $517 million all-stock transaction, according to a Thursday (July 15) press release. Partnerships / Acquisitions acquisitions mergers News Reliant Bancorp United Community Banks What's Hot

Community Banks Accelerate FinTech Integrations

PYMNTS

For more community banks, the latter strategy can fast-track digitization initiatives. Finastra Chosen by Community FI. Community bank Five Star Bank is strengthening its card offerings through a partnership with Coserv , according to a recent press release.

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Putting the ‘Community’ into Community Banking

ABA Community Banking

Banks contribute to their communities and local organizations in ways that matter a lot during the pandemic. The post Putting the ‘Community’ into Community Banking appeared first on ABA Banking Journal.

Community Banks Embrace FinTech Pairings

PYMNTS

Through a collaboration with workflow management technology provider ProcessMaker, Abrigo is rolling out its Commercial Account Opening solution for community financial institutions.

Marketing-Led Post-COVID-19 Growth Strategies

Businesses are laying off workers, shutting their doors (some permanently), and struggling to react to the radical destruction that coronavirus (COVID-19) is doing to our society and communities. However, there’s no team better suited to lead that charge than the marketing department.

Community Banking According to Andy

Jeff For Banks

I enjoy Twitter because of the relationship threads I have maintained, the good-natured jabbing among friends, and keeping abreast of news I would not otherwise read. One of my tweeps (Twitter friends), is Andy Schornack, CEO of Flagship Bank Minnesota, based in Wayzata.

Why Community Banks Go Public

Banking Exchange

A local bank going public can benefit both the community and its shareholders in the long run Community Banking Bank Performance Feature Management Feature3.

Community Bank System acquires employee benefits firm

American Banker

M&A Community banks

Commoditization, Optimization or Transformation: What’s in Your Core Wallet?

Gonzobanker

It has become crystal clear that digital transformation is now the largest technology initiative for regional and community financial institutions. Three winning core strategies to accommodate any financial institution’s budget, business case, and future vision.

United Bankshares Buys Community Bankers Trust

PYMNTS

United Bankshares, the parent company of United Bank , has entered into a merger agreement with Community Bankers Trust, the parent company of Essex Bank, the companies announced in a Thursday (June 3) press release. Community Bankers Trust President and CEO Rex L.

Level Setting and Peering Around the Corner— Tips for Success in Your Organization

Speaker: Steve Andrews, President & CEO of the Western Bankers Association 

This pandemic has tested the foundation of banks and the strength of the dollar. With all of us facing the same crisis, we are left with the same key questions, "Where are we now?" "Where are we going?" "How are we going to get there?" and "What impediments must we overcome?" Join Steve Andrews, President & CEO of the Western Bankers Association, for CBB's groundbreaking webinar! This exclusive webinar will go over the insider information your bank needs for level setting and peering around the corner. Steve will provide actionable insights, best practices, and real-world examples of the changing landscape of community banking.

Flagstar, New York Community Bancorp To Merge

PYMNTS

New York Metro-based New York Community Bancorp (NYCB) and Michigan’s Flagstar Bancorp have inked a merger agreement, the two banks announced in a Monday (April 26) press release. Banking banking Banks Flagstar Bancorp mergers New York Community Bancorp News What's Hot

Rebeca Romero Rainey: Focusing on our communities

Independent Banker

Unlike our credit union counterparts, we pay taxes, and those tax dollars are spent at home to ensure our communities grow. As we kick off Community Banking Month, I can’t help but reflect on that statement and the changes of this past year. Photo by Robert Severi.

The Community Bank Contrarian

ABA Community Banking

Whether it’s buying a mortgage division in 2009 or building a diversified product set in an age of nichification, community bank CEO Luanne Cundiff zigs when pundits say to zag. The post The Community Bank Contrarian appeared first on ABA Banking Journal.

FinCEN Releases AML/CTF Priorities: Implications for Community Financial Institutions

Abrigo

Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare. Currently, the accompanying regulations have not been written, so what should community financial institutions take away from these priorities now?

Podcast: The Community Bank Cycle of Opportunity

ABA Community Banking

Today, Nogueira pays this opportunity forward through community banking as president and CEO of ECSB. The post Podcast: The Community Bank Cycle of Opportunity appeared first on ABA Banking Journal.

Wells Fargo Debuts Banking Inclusion Effort For Underserved Communities

PYMNTS

The bank has also set about redesigning around 100 branches in communities, which the release said will help in the wake of several instances, including better one-on-one consultations, more digital bank access and financial health seminars for those in need.

Rebeca Romero Rainey: Cornerstones of the community

Independent Banker

“As the cornerstones of the community, community bankers offer a light in the darkness of hard times.”. Bolstered by the unfailing dedication of community banks, our communities will continue to weather the storm. How do we support our communities in new ways?

Virginia Community Bank Eyes Listing

Banking Exchange

John Marshall Bank has reported record earnings for nine quarters in a row Feature Feature3 Community Banking. 1Community Banking

COVID-19 Scams Target The Business Community

PYMNTS

With a second Paycheck Protection Program (PPP) on the way, small businesses have yet another chance to secure much-needed financial relief. But new concerns are mounting over the U.S. government's inability to curb the risk of fraud that emerged during the first round of PPP funding.

Oregon Community Credit Union launches digital platform

Bank Innovation

Oregon Community Credit Union (OCCU) has launched phase one of its digital platform, a move meant to “set the foundation” for the credit union’s new focus toward automation, Chris Whittaker, vice president of consumer lending, told sister publication Auto Finance News on Monday. Carousel Innovation Strategy Lending Premium Product Design Retail Banking Auto Finance News credit unions Oregon Community Credit Union

Oregon 150

Fed Launches FedNow Community For Instant Payments, Seeks Participants

PYMNTS

The Federal Reserve has formed a FedNow Community group for its upcoming instant payment offering, the FedNow Service , and needs volunteers to support it, the Fed announced Wednesday (May 6).

How lenders will spend federal windfall on low-income communities

Payments Source

Overcoming Lending Challenges for Community Banks

Banker to Banker

Covid-19 and the responses to the pandemic are exerting various pressures on community banks. How a community bank underwrites and books commercial credit through the end of 2020 will have a significant impact on the bank’s profits and credit quality through the entire next business cycle.

Cities work to bring fintech to underserved communities

Payments Source

Fintech Financial inclusion

Podcast: Five Community Bank Core Provider Strategies

ABA Community Banking

Community and midsize banks aren't one-size-fits-all, and neither are the strategies they can adopt for their core processing needs. Two community bank CIOs describe five strategies banks can pursue.

Cannabis Business Host Community Payments Stir Controversy In MA

PYMNTS

Much controversy has surrounded so-called “host community agreements,” with industry members claiming for a long time that talks between municipalities and cannabis businesses are many times single-sided as local governments have all the negotiating might.

Deep Dive: How Community Banks And Credit Unions Can Boost Financial Inclusion With Debit Products

PYMNTS

Community banks and credit unions (CUs) can help underbanked and unbanked consumers access the products and services they need to conveniently pay for products and services using innovative debit options, but only if they offer the right tools. The U.S. economy has gone digital.

More community banks join OTC platform to raise profile with investors

American Banker

Lending Community banks

The Death of the Community Bank

Jeff For Banks

In June of 2008 I gave a speech titled "The Death of the Community Bank" and in that speech I made predictions. Much like competitors nip at community banks' customers. Two percent opened an account at a community bank. So in terms of the Death of the Community Bank, I WAS WRONG.

Fed: CECL Tool for Community Banks to Launch July 15

ABA Community Banking

The Federal Reserve today said it plans to launch a new tool, the Scaled CECL Allowance for Losses Estimator, or SCALE, to help community banks implement the current expected credit loss standard.

Community bankers bullish on loan growth, torn on infrastructure plan

American Banker

Inflation Lending Community banks Cryptocurrencies

Mastercard Commits $500M To Boost Black Communities, Businesses

PYMNTS

Mastercard said it will invest $500 million in Black communities across the U.S. We have an obligation … to be part of the positive change Black communities so rightly need now," said Ajay Banga , Mastercard CEO. "We

Community Banks Embrace Faster Payments’ Competitive Edge

PYMNTS

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. However, the number of banks has steadily declined over the years, partly driven by merger and acquisition (M&A) activity — with much of that consolidation occurring in the community bank market.

Malls Debate Turns To Community Planning

PYMNTS

The risk of closing malls, the report said, has the potential to reshape entire communities, which are debating whether abandoned malls can be turned into office space or affordable housing. Retail community planning malls News real estate