Community Banks Embrace FinTech Pairings

PYMNTS

Through a collaboration with workflow management technology provider ProcessMaker, Abrigo is rolling out its Commercial Account Opening solution for community financial institutions.

Community Banks Accelerate FinTech Integrations

PYMNTS

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.

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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.

Flagstar, New York Community Bancorp To Merge

PYMNTS

New York Metro-based New York Community Bancorp (NYCB) and Michigan’s Flagstar Bancorp have inked a merger agreement, the two banks announced in a Monday (April 26) press release. Banking banking Banks Flagstar Bancorp mergers New York Community Bancorp News What's Hot

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.

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.

Rebeca Romero Rainey: Focusing on our communities

Independent Banker

Unlike our credit union counterparts, we pay taxes, and those tax dollars are spent at home to ensure our communities grow. As we kick off Community Banking Month, I can’t help but reflect on that statement and the changes of this past year. Photo by Robert Severi.

Virginia Community Bank Eyes Listing

Banking Exchange

John Marshall Bank has reported record earnings for nine quarters in a row Feature Feature3 Community Banking. 1Community Banking

Community bankers bullish on loan growth, torn on infrastructure plan

American Banker

Inflation Lending Community banks Cryptocurrencies

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.

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.

Podcast: The Community Bank Cycle of Opportunity

ABA Community Banking

Today, Nogueira pays this opportunity forward through community banking as president and CEO of ECSB. The post Podcast: The Community Bank Cycle of Opportunity 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.

Rebeca Romero Rainey: Cornerstones of the community

Independent Banker

“As the cornerstones of the community, community bankers offer a light in the darkness of hard times.”. Bolstered by the unfailing dedication of community banks, our communities will continue to weather the storm. How do we support our communities in new ways?

Community FIs Consider The Competitive Advantage In Business Banking

PYMNTS

Smaller community and regional banks, especially, have the opportunity to embrace modernization to compete with their FinTech rivals, but it’s not just a matter of technological transformation that will give these institutions a leg up.

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.

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

Jack Henry, Finicity Team On Open Banking For Community FIs

PYMNTS

Fincity’s integration with Jack Henry’s Banno Digital Toolkit will give customers at community financial institutions (FIs) the ability to control, access and share financial data, per a press release announcing the partnership.

ABA Foundation Invites Applications for Annual Community Commitment Awards

ABA Community Banking

The ABA Foundation invites entries for the ninth annual Community Commitment Awards, which recognize and promote extraordinary bank commitment to communities and the innovative, high-impact programs that improve the quality of life for customers and the communities banks serve.

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).

Banks buy up rival community lenders

Banking Exchange

Independent Bank Corp has announced its acquisition of Meridian Bancorp and Colony Bankcorp seals merger deal with SouthCrest Financial Group Community Banking Feature3 Feature Management M&A.

Community bank taps Neocova to ramp up data-driven insights

BankInovation

Elizabeth, has tapped technology provider Neocova to help it derive business insights from its data in a partnership announced Thursday that will help the $180 million community bank unify its data on a single platform to run atop the bank’s core technology. The Bank of St.

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.

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.

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.

Instagram Lite Looks To Reach Rural Communities

PYMNTS

Open Instagram on your phone and there’s no telling what you might see: your niece’s first steps, a celebrity’s breakfast, scenes from a city on the other side of the world. But these interesting or inspiring scenes aren’t always available to everyone.

$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.

United Community in Georgia to buy investment advisor

American Banker

Investments Community banking M&A Growth strategies

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.

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.

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.

Community bankers bullish on loan growth, torn on infrastructure plan

American Banker

Inflation Lending Community banks Cryptocurrencies

Malls Debate Turns To Community Planning

PYMNTS

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

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.