Community Banks Accelerate FinTech Integrations


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.

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.

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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.

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.

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. Most have already sustained massive damage, and we still have yet to see the scope of impact of the global pandemic that has upended the globe. Any return to normalcy may seem far-off, but sales and marketing are on the front lines of restarting the economy. When the dust settles, we have a responsibility to turn our shock and grief into fierce determination, and lead the charge of responsible, strategic, sustainable future growth. However, there’s no team better suited to lead that charge than the marketing department. Marketers are uniquely positioned to provide creative solutions to aid their organization in times of change and chart a course for navigating success.

Malls Debate Turns To Community Planning


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

Why community banks are partnering with fintech startups

Bank Innovation

As big banks try to win over customers with digital upgrades that resemble slick user interfaces from fintech startups, community banks are looking at new ways to keep pace with customer expectations. Radius Bank, a one-branch Boston-based community bank with $1.2

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.

Fed Launches FedNow Community For Instant Payments, Seeks Participants


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).

$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.

How Community Banks Go Public

Banking Exchange

Understanding the capital, regulatory and investor needs will allow a community bank to determine the best way forward Community Banking Feature3 Feature Management.

When Community Banks Should Go Public

Banking Exchange

Covid-19 and the country’s economic response has provided smaller, relationship-driven banks the opportunity to showcase their strengths Community Banking Covid19 Feature Management Financial Trends Feature3 PPP Retail Banking.

OnDeck’s Noah Breslow on building a community business bank

Bank Innovation

Small business lending company OnDeck is expanding its ecosystem of products. Through its application for a bank charter, the company wants to become a full-service digital bank for small businesses it says are overlooked by traditional banks.

Community Bank embraces digital to deliver $50M in PPP loans 

Bank Innovation

The technological upgrades Happy State Bank made prior to the COVID-19 crisis has helped the lender service and onboard customers digitally and deploy its own SBA Paycheck Protection Program platform in a matter of days, CEO J. Pat Hickman told Bank Innovation.

Kleptocracy – What Does it Mean to Community Financial Institutions?


What about our small to mid-sized community financial institutions? Many community financial institutions believe that kleptocracy is not a risk for their institution’s profile as they conduct few foreign transactions, such as wires and ACHs.

Nonprofit Supports Community Entrepreneurs Amid Pandemic


According to Brennan, EforAll is a growing nonprofit organization that partners with communities to help under-resourced entrepreneurs start and grow a business through intensive business training, mentorship and an extended professional support network.

Community Banks Debut FinTech Alliance


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.

How Community Banks are Developing Lending Opportunities

Banker to Banker

The future path of the economy is currently unpredictable.

Mnuchin: Community Banks Processed Almost All $875M+ In Relief


Treasury Secretary Steven Mnuchin said community banks have helped process many of the small business Paycheck Protection Program (PPP) loans. Mnuchin said in a tweet , “#PPPloan now over $875,000,000 processed almost all from community banks! In a social media post, U.S.

Here's Congress's chance to help black communities

Payments Source

Population health CRA Coronavirus Community health Tax Public health Small business lending Tax laws Race discrimination Small business Under-served populations Law and regulationA blueprint that includes more CRA and tax credits for lower-income African Americans would help a demographic disproportionately harmed by the coronavirus pandemic.

Black communities need more help from Fed

American Banker

Diversity and equality Main Street Lending Program Federal Reserve Community banking Community healthThe Main Street Lending Program and other Federal Reserve loan facilities should be tailored to the needs of Black-owned banks and businesses.

Community Banks Embrace Faster Payments’ Competitive Edge


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.

Coronavirus Response: Common Practices for Community Banks

ABA Community Banking

The post Coronavirus Response: Common Practices for Community Banks appeared first on ABA Banking Journal. Community Banking Compliance and Risk Featured Human Resources Retail and Marketing Bank branches Coronavirus

When a Community Bank Expands Beyond Its Community

ABA Community Banking

Have you heard about the community bank that’s been chugging along for over 150 years, took on “Community Bank” as its name—and “bank happy” as its motto? Meet Community Bank, N.A., The post When a Community Bank Expands Beyond Its Community appeared first on ABA Banking Journal.

Podcast: A Community Bank Coronavirus Playbook

ABA Community Banking

Amid the global coronavirus pandemic—and a massive response by policymakers—how can community banks best meet customer and employee needs while managing their balance sheets and loan portfolios? The post Podcast: A Community Bank Coronavirus Playbook appeared first on ABA Banking Journal.

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

Helping Community Banks Turn On The Innovation Switch


Innovation has always been important for community banks, but the driving force of digitization over the last decade has greatly sped up the pace, said Kevin Tweddle, chief innovation officer for the Independent Community Bankers of America ( ICBA ). Community banking is no exception.

The Secret to Functional, Collaborative Salesforce Communities

Perficient Financial Servies

However, Vlocity’s VisualForce community lacked engagement and was difficult to maintain and impossible to scale. The secret to a successful community? The real magic this community provides is the functionality paired with beautiful design.

Podcast: Celebrating Bankers’ Community Commitment

ABA Community Banking

The latest episode of the ABA Banking Journal Podcast continues a pre-Thanksgiving tradition by interviewing the winners of ABA's 2019 Community Commitment Awards. The post Podcast: Celebrating Bankers’ Community Commitment appeared first on ABA Banking Journal. ABA Banking Journal Podcast Community Banking Featured Affordable housing Bank community engagement Community development Financial education Military banking Protecting older Americans Veterans Volunteerism

NY Community Banks to Merge; First Horizon-IBERIABANK Deal Completes

Banking Exchange

Bridge Bancorp and Dime Community Bank plan to create an $11 billion banking group through a “merger of equals” Management Feature M&A Feature3 Community Banking.

Community bank, hungry for market share, tees up tech launches 


People’s Community Bank, a $300 million institution near of Madison, Wis., Carousel Innovation Strategy Premium Retail Banking core banking platform CRM Finastra Mobile banking NCR People's Community Bank

ABA Foundation Announces Judges for 2020 Community Commitment Awards

ABA Banking Journal Staff

The ABA Foundation today announced the names of the experts responsible for judging the 2020 Community Commitment Awards. The post ABA Foundation Announces Judges for 2020 Community Commitment Awards appeared first on ABA Banking Journal.

Will community banks really benefit from PPP loans?

CCG Insights

The second round of Paycheck Protection Program (PPP) loans that kicked off during the last week of April has largely been regarded as a success for community banks. The post Will community banks really benefit from PPP loans? CCG Catalyst Community Banks PPP Loans

The Benefits of Leveraging a CRM to Be More Community-Focused


Key Takeaways To better serve their community, as well as stay competitive in this fast-moving environment, savvy CFIs are carefully blending digital innovations with their hallmark relationship banking practices.

ABA Adds Five to Community Bank Benchmark

Banking Exchange

Banks based in California, Michigan, Ohio, Louisiana and Florida have been added to the Nasdaq index of community institutions Community Banking Feature3 Feature Management M&A Financial Trends ABA News Nasdaq.