Mastercard, Regal Help Community Banks Offer Corporate V-Cards

PYMNTS

Together, the companies are launching RegalOne, an application that provides integrated virtual cards to the corporate customers of regional and community banks. B2B Payments accounts payable B2B community bank corporate banking MasterCard News Regal Software virtual card What's Hot In B2B

ICBA: Building Bridges For The Next Generation Of Community Banks

PYMNTS

Community banking can be one of the most rewarding and most challenging areas of financial services in which to work — that’s the view, anyway, of Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America (ICBA) , who recently joined the nation’s leading advocacy organization that exclusively represents community banks. I loved what I was doing with the community bank. This is really the specialty for community banks.

Community Bank And FinTech Partnerships Gaining Traction

PYMNTS

Community banking may get a boost from technology, if recent activity is any indication. In Florida, reported American Banker – in the community banking realm – Seacoast Banking has paired with SmartBiz Loans to shorten the loan approvals process. Joint efforts from community banks are reportedly picking up steam. ” B2B Payments acquisitions B2B community banks financial services FinTech News partnerships Seacoast Banking SMB

Top OpenSim communities of 2017

Bank Innovation

One of my top sources of OpenSim-related news this year has been OpenSim Virtual and similar Google Plus communities. Largest multi-grid communities. Communities that grew the most in 2017. Largest single grid Google Plus communities. Largest multi-platform communities.

Our Tested Framework for Customer Service Community Success

Perficient Financial Servies

Self-Service Communities Used for Customer Service On the Rise. Trends show that customers prefer self-service communities when it comes to accessing support. But there’s more that goes into setting up and managing a successful community than many companies realize.

Chamber Of Commerce Backs Community Bank Bill

PYMNTS

Chamber of Commerce is voicing its support for legislation that would ease regulatory burdens for the nation’s community banks in an effort to improve access to funding for small business borrowers. Main Street businesses depend on community and regional banks for the financing necessary to get started, sustain operations, manage cash, make payroll and create well-paying jobs,” the letter stated. The U.S.

CECL Will Change Community Banking

Banker to Banker

We are in agreement with the ICBA that FASB’s proposed current expected credit loss (CECL) model would place tremendous costs and regulatory burdens on community banks. We believe CECL will fundamentally change community banking, but some of those

Community Banks Aim To Amplify Competitive Edge With FinTechs

PYMNTS

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. According to Brian Heinrichs, chief financial officer at community FI INTRUST Bank, community banks have a few strong points, including “relating to our customers, and understanding their business,” he recently told PYMNTS.

Study Affirms Community Banks’ Small-Biz Leadership

Finer Points

It’s something ICBA and the community banking industry say all the time: community banks are the nation’s leading small-business lenders. While community banks make up less than 20 percent of the banking system’s assets, they dole out more than half of its small-business loans. Community Banks Credit Unions Economy Regulation Regulatory Relief Small Business Small Business Lending

Postmates Waves Goodbye to Community Managers

PYMNTS

To do this, the company, which currently runs 44 locations, chose to make its operations leaner with the elimination of its community manager. We are thankful to our community managers for all their hard work, and we’re confident that such engaging and adaptable individuals will be successful in their future endeavors.”. Retail Community Managers operations Postmates profitabilityWith any business, there are a fair share of ups and downs.

OCC Starts Process To Rewrite The Community Reinvestment Act

PYMNTS

The Office of the Comptroller of the Currency is aiming to rewrite the 1977 Community Reinvestment Act, which is designed to encourage bank lending in low-income areas. Under the rules, banks have to provide mortgages and credit products to low-income communities in which they accept deposits. Overseeing the Community Reinvestment Act is the shared responsibility of the OCC, Federal Deposit Insurance Corp.,

ICBA Community Bankers of the Year

Independent Banker

ICBA inaugurated its Community Banker of the Year award program this year to recognize the exceptional work of the individual employees of ICBA member community banks. Pendleton Community Bank in Franklin, W.Va. The 2014 Community Banker of the Year Recipients.

Countering The Aging Community Bank Customer Base

Banker to Banker

There was a time when the average community bank customer was the same age as the adult general population. Now, the average community bank customer is more than 5 years older than the general population and increasing in age at a faster rate.

Vendor Selection for Community Banks

Banker to Banker

Community banks continue to look for ways to control expenses. One effective way to minimize overhead costs is to outsource non-critical or non-differentiated tasks to third party vendors who are able to perform the function cheaper and/or faster.

Community Bank Performance for 3Q 2015 [Presentation]

Banker to Banker

The summation of the quarter is this – While large banks did just slightly better for performance, community bankers felt like they were hamsters running in place hard, but not getting anywhere. The net result was earnings for community banks being down.

Customer to Community Banker

Independent Banker

“For Ron, giving back to the community is part of the essence of who he is. With vigor and a strong commitment to service, Ron Paul leads a rapidly growing community bank in Maryland. Ronald Paul first encountered community banking as a real estate developer in the early 1980s.

For Community Banks, Big Business From Small Business Credit Cards

PYMNTS

For community banks serving small- to mid-sized businesses (SMBs), training an eye on credit cards can translate into additional revenue streams and tap into an unmet need for those SMBs. Kearney found 26 percent of small business cardholders have community banking relationships in place. Only 3 percent of them, however, have their credit cards with those community banks. Community banks are already considered the preferred lender of America’s small businesses,” said Giorgio.

Maryland Community Bank Wades Into Cannabis Market

PYMNTS

Reports in The Washington Post this week profiled Severn Savings Bank, a community bank in the state that is said to be providing services to legal marijuana businesses. Providing financial services to legal marijuana businesses in the U.S. has proven a challenging, complicated venture for the nation’s banks. As more financial institutions (FIs) warm up to the idea, one bank in Maryland is taking significant steps to address cannabis companies’ FinServ challenges.

Community Banks Take A Swing At FinTech Collaboration

PYMNTS

Last week, P2Bi announced the rollout of a new partnership program that enables community banks to participate in its small business loan marketplace. Community banks are typically a better bet for small businesses in search of a loan, with approval rates higher than those at larger financial institutions. And while community banks’ SMB loan approval rates are still higher than those at large banks (49.1

[GLOSSARY] Salesforce Community Cloud Terminology Explained

Perficient Financial Servies

To ensure you (and your team) are on the same page when discussing your Salesforce Community, use this glossary of key Salesforce Community Cloud terms and their definitions. See our community apps for employees and customers. Community. Community Application.

Work Spaces Serve Up Coffee With Community In Apartment Buildings

PYMNTS

But, with spaces such as Craftwork, remote workers and gig employees may be able to feel a part of a community — and the workforce as a whole. Sometime in the near future, a gig economy or remote worker who lives in an apartment building in Austin, Texas might start their day like this: They will leave their apartment and walk downstairs to a coffee shop where they will grab an iced latte.

$175M Acquisition Turns Community Bank Into Fintech Player

Bank Innovation

Community banks can also play the fintech game. — was acquired by Flagship, a Florida-based community bank, for $175 million. “We BankMobile — the digital bank, formerly a division of Customers Bancorp Inc.

Millennials Are the Future for Community Banks

Finer Points

And according to ICBA’s recently released 2014 American Millennials and Banking Study, this generation represents a major opportunity for community banks. Community Banks Forget what you think you know about Generation Y. The nation’s millennials—the biggest and most diverse generation of customers in our nation’s history—account for more than $1 trillion in annual purchasing power.

Banks and CDFIs: Partnering for community impact

Sageworks

And to thrive, those customers need economically diverse and healthy communities in which to live and work. Partnering with local organizations to promote the health of those communities is often a top priority for banks. communities where capital tends to be scarce. Most CDFIs are high-touch lenders, and many have technical assistance and financial education programs for borrowers and community members that are sometimes grant-supported.

Mortgage Relief Recognizes Community Banks’ Unique Role

Finer Points

It was a long time coming, but persistence paid off when the Consumer Financial Protection Bureau recently updated its mortgage regulations to ease unnecessary restrictions on many community banks. Advocacy Community Banks Grassroots Regulation Regulatory Relief WashingtonUnder an interim final rule, the CFPB expanded Qualified Mortgage eligibility for balloon loans held in portfolio and exempted more rural lenders from escrow mandates. That […].

INV Fintech Revamps Site and Launches New Community, INV Edge

Bank Innovation

INV Fintech, this site’s sister accelerator, announced today a comprehensive rebrand and the launch of an online community. INV’s brand has been completely reimagined with a new logo, color scheme, and website layout that realigns the brand with its profound passion for innovation.

Community Bank Persistence Pays Dividends

Finer Points

It wasn’t exactly what ICBA was advocating; nevertheless, nearly all community banks scored a major victory with the industry’s hard-fought exemption from a backdoor tax hike on most members of the Federal Reserve System. Advocacy Community Banks Grassroots Regulatory Relief Washington

The Role Of SMB Lending At Community Banks Is Changing

PYMNTS

Small business (SMB) lending is big business for community banks , which are a popular destination for small business borrowers, thanks to strong approval rates on loan applications. But new analysis from the Federal Reserve has identified a reversal in community banks’ position in the small business lending market. According to the report, small business lending at community banks dropped by 2.2 How Community Banks Interact with SMBs.

Community Bank's Favorite Loan Structure [Free Calculator]

Banker to Banker

For decades community banks have structured fixed rate loans with adjustable features. Probably the most popular structure for term credit at community banks is a 10-year fixed rate loan with a five-year reprice.

The Advantage of LIBOR for Community Banks

Banker to Banker

Most community banks do not use LIBOR (London Interbank Offered Rate) to set loan or deposit rates, yet LIBOR is probably the most important index for community banks.

Why Community Banks Can’t Afford To ‘Wait and See’ About Faster Payment Innovations

PYMNTS

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.

Funding Circle Partners With Community Bank, INTRUST for Loans

Bank Innovation

The fintech is partnering with community bank, INTRUST Bank for this purpose, the companies announced yesterday. Exclusive Lending Online community banks fintech partnerships Funding Circle INTRUST Bank

Washington calls community banker

ABA Community Banking

for “the swamp” People Community Banking. Why ICBA’s Rebeca Romero Rainey, former CEO, left N.Mex. 1Community Banking

As AI Enters The SMB Community, Cloud Adoption Still Lags

PYMNTS

According to Intuit, cloud technology is the first step for SMBs to benefit from automation, and with so many yet to adopt the tool, the small business community has some work to do, the report found. Whether robots will take our jobs or take over the mundane tasks for humans to shift to more strategic operations, one thing is for sure: Automation is changing the workforce.

Finastra Gains Foothold Among Community Banks with Malauzai Acquisition

Bank Innovation

The acquisition gives Finastra access to Malauzai‘s over community banks and FI clients and […].

Community Bank Performance for 2Q 2015 [Presentation]

Banker to Banker

Here is our quarterly report on banking industry trends and insights ( HERE ). In a nutshell, banking improved by most measures as the average bank became more profitable. In a somewhat rare occurrence, lending got safer, yet loan pricing on new production improved.

Loan Hedging Considerations for Community Banks

Banker to Banker

In a previous blog, we described what factors community bank managers might want to consider in analyzing a loan hedging program for their specific needs.

Facebook Is Getting More Community-Minded

PYMNTS

In a posting on his Facebook page, CEO Mark Zuckerberg shared the news that the social network company’s new mission is to “give people the power to build community and bring the world closer together.” Facebook has decided to modify its mission statement slightly so as to better highlight its support for various types of hobbies, social groups, and social justice organizations.

Technology, analytics and community building

BankNXT

John Best talks to Todd Clark, CEO of Co-op Financial Services, about credit unions, technology, analytics and community building. Technology, analytics and community building on BankNXT.

Reinventing community banking

ABA Community Banking

Trio of players on keeping the best as digital moves in CSuite Community Banking. 1Community Banking

A Family-Owned European Bank on Banking the Blockchain Community

Bank Innovation

Bank Frick has grown its operations and staff while shrinking its physical footprint. In the last year, the number of employees has increased from about 60 to more than 130.

Loan-Loss Plan Is Direct Hit on Community Bank Lending

Finer Points

The proposal would force community banks, in particular, to completely overhaul their approach to lending. Accounting Advocacy Community Banks Economy Regulation Small Business LendingThe following op-ed originally appeared Nov. 9 on American Banker’s BankThink blog. It is no wonder that the banking industry strongly opposes the Financial Accounting Standards Board’s proposed reforms to loan-loan loss reserve calculations.

Community Banks, Where Moving Beyond Interest Income Is In The (Credit) Cards

PYMNTS

And yet, sometimes community banks, opt to stick to their lending knitting, forfeiting the potential to earn non-interest revenue and cementing their ties with both individual and corporate customers. The community banking model is based on customer relationships and the allocation of capital and extending loans. We have definitely seen instances where community banks are innovating to meet the unique needs of their customer base,” he told PYMNTS.