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.

US Intel Community: Supply Chain Cyberattack Imminent

PYMNTS

intelligence experts are warning of the risks of major cyberattacks on the technology operating throughout businesses’ supply chains, according to BBC reports Thursday (July 26), raising alarms for enterprises that increasingly rely on software to function and interact with their business partners. A report by the U.S.

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.

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.

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.

[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.

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.

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.

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

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.

$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.

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.

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.

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.

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.

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 […].

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.

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 […].

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.

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

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.

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

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.

Reinventing community banking

ABA Community Banking

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

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.

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.

Rethinking community banks’ future

ABA Community Banking

Now is the time” CSuite Community Banking. Not panic, but resolve—and some frustration. 1Community Banking

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.

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.

NEW REPORT: Upgrade Payment Systems, Build Stronger Communities?

PYMNTS

Sunscreen? Check. Bug spray? Check. Updated online systems to reduce paperwork? Check. In recent weeks, companies have rolled out several different types of Payments-as-a-Service (PaaS) solutions that are designed to help both online and brick-and-mortar merchants.

System 201

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.

NEW REPORT: Do Community Banks Need A Faster Payments Wake-Up Call?

PYMNTS

Community banks meet the millennial generation. For community banks, in particular, a potential influx of millennial entrepreneurs represents an opportunity to adopt the faster payment solutions that younger customers expect.

NCR Launches Business Banking Mobile For Community Banks, Credit Unions

PYMNTS

The app will enable community financial institutions (CFIs) to compete with larger financial institutions by providing their business banking customers with iOS and Android access to this secure and easy-to-use account management platform. Mobile Applications community banks credit unions mobile banking mobile banking apps NCR News What's HotNCR announced on Thursday (Sept. 22) it launched a new app dubbed Business Banking Mobile.

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.

Vantiv Powers BizBuz SMB Community

PYMNTS

Vantiv is introducing a new online community centered on fostering and supporting small businesses. The payment processing services provider announced the launch of the Vantiv BizBuz community today (April 27), which is designed to provide small business owners with free access to a host of educational resources and information, as well as the ability to interact and engage with other business owners. Then, community members will be the first to pilot these new products.”.