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.

Podcast: Celebrating Bankers’ Community Commitment

ABA Community Banking

The ABA Banking Journal Podcast continues a pre-Thanksgiving tradition by interviewing the winners of ABA's 2020 Community Commitment Awards. The post Podcast: Celebrating Bankers’ Community Commitment appeared first on ABA Banking Journal.

Community Banks Accelerate FinTech Integrations

PYMNTS

For more community banks, the latter strategy can fast-track digitization initiatives. This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings. Finastra Chosen by Community FI. Build, buy or partner?

U.S. Treasury Injects $9 Billion Into Minority And Community Lenders

PYMNTS

Department of the Treasury has announced that a new program intending to help out with access to capital in communities that have traditionally been underserved and that have suffered more than usual in the pandemic, a press release says. The U.S.

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.

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.

Countdown to CECL: A Timeline for Community Banks

Abrigo

Preparing for 2023 While community banks have until 2023 until they must comply with CECL, there is likely less time than expected. . While community banks have until 2023 until they must comply with CECL, there is likely less time than expected.

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.

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

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 Operations & Best Practices Premium Celent community banks Finastra First Interstate Bank independent software vendors Radius Bank regional banks software vendors

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.

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. 1Community Banking

FDIC Publishes Wide-Ranging Community Banking Study

ABA Community Banking

The FDIC today released a large-scale Community Banking Study that examines community bank performance between year-end 2011 and year-end 2019. The post FDIC Publishes Wide-Ranging Community Banking Study appeared first on ABA Banking Journal.

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. ABA Banking Journal Community Banking Featured Mortgage Technology Advocacy Careers in banking Fintech Leadership Professional development Women in banking

$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 Compliance Exclusive Innovations Mobile Online Operations Retail Technology AI Alexa BankMobile community banks digital banking Dodd-Frank Financial Regulation Flagship Community Bank online bankingBankMobile — the digital bank, formerly a division of Customers Bancorp Inc.

Community bankers’ optimism on economy fades

American Banker

COVID-19 Joe Biden Mortgages Community banking Economy Paycheck Protection Program PandemicA full rebound won’t occur until next year at the earliest because of the slow vaccine rollout, most executives at small banks said in a new survey.

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.

Podcast: How One Community Bank Opens Opportunities for Career Growth

ABA Community Banking

As an early-career CPA, Carissa Rodeheaver began her community banking career as a trust administrator nearly three decades ago. The post Podcast: How One Community Bank Opens Opportunities for Career Growth appeared first on ABA Banking Journal.

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

Should Community Banks Consider Credit Tenant Loans

Banker to Banker

A credit tenant loan (CTL) is a loan secured by the real estate pledged as collateral and the obligation of a credit-rated tenant of that real estate. These loans are a cross between a bond (because the tenant's obligation to pay rent is a senior obligation of a creditworthy obligor) and a commercial mortgage (because of the real estate collateral). The CTL is usually less risky than a comparable commercial mortgage and, therefore, priced accordingly.

Is CRA Compliance Enough for Community Banks?

Banking Exchange

Due to the ongoing pandemic, small businesses are struggling Community Banking Feature3 Feature Compliance People Compliance Management Compliance/Regulatory PPP Covid19.

Fed’s Bowman to Keynote Conference for Community Bankers

ABA Community Banking

Federal Reserve Governor Michelle Bowman—who holds the seat on the Federal Reserve Board designated for an individual with community banking experience—will deliver keynote remarks during ABA’s Conference for Community Bankers, a virtual event taking place Feb.

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 Debut FinTech Alliance

PYMNTS

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. Alloy’s Julieann Thurlow, CEO of Reading Cooperative Bank, said, “Community banks play a special role in the lives of our customers, but we don’t have the same IT and innovation budgets as the big banks to capitalize on that relationship.”

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). The FedNow Community will help influence FedNow Service design and our development roadmap by providing input on desired service features, technology and implementation plans.”.

ABA Foundation Awards Seven Community Commitment Awards

ABA Community Banking

The ABA Foundation today recognized seven banks for their outstanding commitment to their communities. The post ABA Foundation Awards Seven Community Commitment Awards appeared first on ABA Banking Journal.

Community Banks Get Reporting Reprieve from Regulators

Banking Exchange

Small lenders have seen their balance sheets expand rapidly this year, but will get a temporary reprieve from new reporting requirements Community Banking Feature3 Covid19 PPP Feature Duties Compliance Compliance/Regulatory.

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. In this article, we focus on four key steps of what banks can do to continue to add earning assets to their balance sheet.

Reaching Hispanic Communities by Cultivating Good Will and Colorful Gardens

ABA Community Banking

A community bank finds multiple ways to build relationships across a diverse region. The post Reaching Hispanic Communities by Cultivating Good Will and Colorful Gardens appeared first on ABA Banking Journal.

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. In this episode of Fintech Unfiltered, which is sponsored by Blend, Bank Innovation sat down with OnDeck CEO […]. Carousel Corporate Banking Customer Experience Fintech Unfiltered Innovation Strategy Lending OnDeck small business

FDIC Analysis Examines Community Bank Economies of Scale

ABA Community Banking

The FDIC today released a new staff study highlighting how economies of scale developed at community banks (those with $10 billion or less in assets) between 2000 and 2019. The post FDIC Analysis Examines Community Bank Economies of Scale appeared first on ABA Banking Journal.

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.

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 BankSmall business lending platform Funding Circle will be working with a traditional lender to fund loans on its platform. The partnership will consist of “several stages,” the first of which is funding small business loans for Funding Circle clients. […].

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

Regional, Community Banks Face Digital Challenges Post-Pandemic

Banking Exchange

Greenwich Associates reports widening gap in digital investment between national and regional banks Community Banking Feature3 Feature Technology Retail Banking Covid19 PPP Customers Tech Management Mobile Online.