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.

Agencies Temporarily Lower Community Bank Leverage Ratio to 8%

ABA Community Banking

As required by Section 4012 the CARES Act, the federal banking agencies today temporarily lowered the community bank leverage ratio, issuing two interim final rules to set the CLBR at 8% and then gradually re-establish it at 9%.

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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.

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.

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

PYMNTS

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.

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.

Regulators expand capital relief for community banks

American Banker

FDIC Minimum capital requirements Federal Reserve OCC Coronavirus Regulatory relief Community banksAfter Congress temporarily lowered the leverage ratio used by smaller institutions, the federal agencies said they would allow a one-year transition before banks have to comply again with the regular standard.

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: 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

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.

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.

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

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

How to keep community banks thriving

American Banker

Community banking Consumer banking Community banks Under-served populations Federal Reserve Bank of AtlantaThe Atlanta Fed offers ways rural institutions can keep and nurture talent while pooling resources with their peers to excel in a challenging environment.

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.

Credit union to buy Minnesota community bank

American Banker

Community banking M&A Credit unions MinnesotaWings Financial Credit Union expects to complete the purchase of Neighborhood National Bank in the third quarter.

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.

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.

Bank Branch Closings Take Toll On Rural Communities 

PYMNTS

Rural communities with lower incomes or a higher percentage of minorities saw the most closures, losing 1,553 bank branches in 794 counties, a decline of 14 percent. Urban areas lost 9 percent of branches in 802 communities. More than half of the 3,114 counties in the U.S.

$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.

Podcast: How a Community Banker Helped Columbus Discover Modern Architecture

ABA Community Banking

The answer: a community bank president named J. The post Podcast: How a Community Banker Helped Columbus Discover Modern Architecture appeared first on ABA Banking Journal.

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.

Kleptocracy – What Does it Mean to Community Financial Institutions?

Abrigo

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.

The Problem For Small-Town Banks: Technology Has Redefined Community

Ron Shevelin

The traditional definition of "community" was a geographic construct, referring to a town, a county, or some other geographic region. The new definition of community is based on affinity, not geography

How To Ensure Community Banks Aren’t Left Behind In The Digitization Revolution

PYMNTS

That’s even more true for community banks, which lack the resources larger FIs have to support modernization initiatives and technology investment efforts. For many community banks , the commercial side of operations can be a particularly promising place to start.

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.

Vans Skates Into LA With Community-Driven Concept

PYMNTS

There’s community-based and community-driven. The brand is well-known for using its community of skateboarders for design ideas and marketing. The studio will serve as a central hub for consumers and creatives, with the goal of giving back to the local community.

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.

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

Podcast: Building a Career as a Community Banker

ABA Community Banking

Two rising community bank executives in North Carolina share lessons in career development and leadership. The post Podcast: Building a Career as a Community Banker appeared first on ABA Banking Journal.

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.

United Community enters new Florida markets with Three Shores deal

American Banker

Florida M&A Growth strategies Community banksThe Georgia company will expand into central and southern Florida by buying the parent of Seaside National Bank & Trust.

Community banks seek broader exemption from CRA changes

American Banker

The OCC and FDIC’s proposal for modernizing the community reinvestment law would give banks below $500 million of assets the option to keep the current regime. FDIC Jelena McWilliams ICBA OCC CRA Community banking Regulatory relief Joseph Otting

How Crowdfunding Aims To Fill SMBs’ Community Banking Gaps

PYMNTS

Community banks are often the familiar faces of the financial services world, and when small businesses seek capital, their neighborhood financial institution can be a promising place to start. While they continue to play an important role in small business financing, the community banking market is drastically shrinking in the U.S. We’re trying to turn community members into community bankers,” he said, “and allowing them to vote with their wallet.”.