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.

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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.

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.

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

Helping Community Banks Turn On The Innovation Switch

PYMNTS

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.

Kleptocracy – What Does it Mean to Community Financial Institutions?

Abrigio

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.

Giving Community Banks The Contactless Card Boost

PYMNTS

However, there may be an opportunity to get more contactless cards into the hands of consumers — an opportunity that involves community banks and is backed by financial incentives. ICBA Bancard’s 1,600 community bank customers have issued more than 7.3

Rebeca Romero Rainey: A community banking resolution

Independent Banker

. “We look forward to serving you and your community bank in the year ahead.”. Happy New Year, community bankers! And if you haven’t done so already, I encourage you to also come up with a community banking resolution—one that helps you flourish as a professional.

Salesforce Communities 101: How to Get Started

Perficient Financial Servies

Typically, a community is defined as a unified group of individuals. To me, community also means a sense of belonging, as well as the ability to share ideas and feedback with others who share similar interests. 3 Things to Know About Communities.

Community Boomer App Umbrella Raises $5 Million

PYMNTS

An app meant to promote community for baby boomers called Umbrella has raised $5 million in a seed round led by Thrive Capital, with participation from Alphabet’s Sidewalk Labs, Refactor Capital, Trailmix, Box Group and others.

New Community Bank Sentiment Index Shows Bankers Largely Positive

Abrigio

Community bankers are largely positive about the future, based on the first results of a new index gauging business sentiment among the financial professionals who serve a critical role in local economies. 70% of community bankers said that now is a good time to expand in their market.

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.

Community Bank Acquires SMB Digital Bank Seed

PYMNTS

Community financial institution (FI) Cross River Bank is acquiring Seed , a small business (SMB) digital banking company, reports in Reuters said on Monday (June 24). Seed members will be migrated to Cross River as the community bank expands with new offices in California and Oregon.

$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.

FDIC Final Rule Sets Community Bank Leverage Ratio at 9%

ABA Community Banking

The FDIC today approved a final rule allowing community banks with a leverage capital ratio of at least 9% to be considered in compliance with Basel III capital requirements and exempt from the complex Basel Calculation.

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.

CEO Q&A: Brand Presence for Community Banks

ABA Community Banking

The post CEO Q&A: Brand Presence for Community Banks appeared first on ABA Banking Journal. Community Banking Featured Human Resources Retail/Marketing Technology ABA Banking Journal Podcast Advertising Billboards Branding Employee benefits LeadershipA conversation with Tim Marshall, president and CEO of the Bank of Ann Arbor.

Six Reasons Clients Love Salesforce Community Cloud [INFOGRAPHIC]

Perficient Financial Servies

While there are way more than six reasons to love Salesforce Community Cloud, here are the top six reasons that keep coming up again and again with our customers. Perficient Customers Share Why They Love Salesforce Community Cloud.

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

CFPB Names New Members to Community Bank Advisory Council

ABA Community Banking

The Consumer Financial Protection Bureau today announced the appointment of new members to its Community Bank Advisory Council. The post CFPB Names New Members to Community Bank Advisory Council appeared first on ABA Banking Journal. Community Banking Newsbytes Policy CFPB reform

Community Banks Voice Frustration With Core Tech Providers

PYMNTS

Community banks are voicing their frustration with what they say is a lack of competition in the market for corporate bank technology providers, reports in The Wall Street Journal said Thursday (April 11).

Fed’s Bowman Addresses Effects of Bank Consolidation on Communities

ABA Community Banking

Localities that lost a bank headquarters in a merger saw declines in local charitable contributions and volunteer service, Federal Reserve Governor Michelle Bowman said today, citing a Fed review of Community Reinvestment Act exam reports before and after bank acquisitions.

5 Reasons Why Partner Communities Are Critical to Your Success

Perficient Financial Servies

Partner communities with Salesforce Community Cloud allow you to provide a level of service to fulfill – and exceed – those expectations. 1: Communities drive partner loyalty. 2: Communities allow partners to make data-driven decisions that impact your bottom line.

First New Community Bank In Decades Headed To US Market

PYMNTS

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. The U.S.

Rebeca Romero Rainey: Community bankers take the high road

Independent Banker

We cannot afford to repeat the mistakes that contributed to the 2008 financial catastrophe, which community bankers remember all too well. These examples are right at the heart of what makes the community bank business model different than those of other financial institutions.

Community Bank System expanding in western N.Y. with latest merger

BankThink

Community banking M&A Growth strategies New YorkThe company agreed to buy Steuben Trust for $107 million.

FIS’ Lowthers On Worldpay Buy: Creating A Global Commerce Community

PYMNTS

We just created a new global commerce community.”. There is scale — then there is scale.

Today In Data: Driving Contactless Adoption With Community Banks

PYMNTS

Community banks could put more contactless cards into the hands of consumers with the help of the Independent Community Bankers of America (ICBA). million: The minimum number of payment cards that ICBA Bancard’s community bank customers have issued.

Starting Early: Inside Community First’s Youth Agriculture Lending Program

PYMNTS

Families with multiple kids in such programs may need to spend $6,000 to $8,000 all at once, explained Rebecca Nystrom Brito, member development specialist at Community First Credit Union.

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

ABA Data Bank: Reasons Community Banks Buy or Sell

ABA Community Banking

The post ABA Data Bank: Reasons Community Banks Buy or Sell appeared first on ABA Banking Journal. Community Banking Newsbytes ABA Data Bank M&ASeeking economies of scale is among the biggest drivers on both sides of the deal.

Fundation Pulls Community Bank Into FinTech Collaboration

PYMNTS

Large financial institutions (FIs) are increasingly turning to FinTech firms and alternative lenders to augment their small business (SMB) offerings, but community banks are beginning to get on board with the partnership strategy , too. The latest to do so is Provident Financial , a New Jersey-based bank providing consumer and business banking services in New Jersey and Pennsylvania.

Community bank rethinks wisdom of branch closings

BankThink

Community banking Branch network Branch deals Kansas MissouriAcademy Bank in Kansas City, Mo., which shuttered nearly a quarter of its branches between 2015 and 2018, is now in expansion mode. Its CEO explains his renewed affinity for brick and mortar.

Main Street, USA = Community Financial Institutions + Small Businesses

ForwardBanker

The post Main Street, USA = Community Financial Institutions + Small Businesses appeared first on Deluxe FS. Deluxe Community banks Community Financial Institutions credit unions Main Street USA

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One community banker's plan to reach the underbanked

BankThink

Community banking Underbanked Millennials CRA Mutual banks Growth strategies Federal Reserve FDIC CSBSJulieann Thurlow says Reading Cooperative Bank in Massachusetts is well positioned to help immigrants and millennials. Technology is crucial to serving both groups, she says.

Zelle Says It Welcomes Community Banks

Bank Innovation

Last week, Bank Innovation wrote about the difficulty smaller banks claim to experience offering their customers the P2P platform Zelle. The smaller financial institutions voiced concerns of long waits and an underlying bias on the part of bank-backed Zelle toward larger institutions.

Zelle Says It Welcomes Community Banks

Bank Innovation

Last week, Bank Innovation wrote about the difficulty smaller banks claim to experience offering their customers the P2P platform Zelle. The smaller financial institutions voiced concerns of long waits and an underlying bias on the part of bank-backed Zelle toward larger institutions.

San Francisco community bank taps next CEO

BankThink

Community banking Succession planning Growth strategiesBeacon Business Bank hired former Boston Private executive John Delaney as its new leader.

Do Community Banks Really Need Zelle?

Bank Innovation

Bank-backed payment service Zelle crossed $32 billion in transactions in the last quarter, almost twice that of Venmo, but the P2P provider is not as omnipresent among banks as one would expect it to be.

Do Community Banks Really Need Zelle?

Bank Innovation

Bank-backed payment service Zelle crossed $32 billion in transactions in the last quarter, almost twice that of Venmo, but the P2P provider is not as omnipresent among banks as one would expect it to be.

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.

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.

MOXY Preps Launch Of New Community Bank With NYMBUS

PYMNTS

MOXY bank , preparing to be one of the first new community banks to launch in the U.S. ’s Department of Insurance, Securities and Banking, MOXY aims to roll out as the region’s first new community bank in 20 years, and will adopt NYMBUS’s banking, payments and mobile banking tools under the NYMBUS SmartCore platform to build out its own offering, the companies announced in a press release Monday (April 1).