PYMNTS

MARCH 12, 2019

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. Leveling the Playing Field.

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Community Bank Community Innovation Fintech 205

Independent Banker

MARCH 31, 2022

A secure, open-loop, cost-saving, customer-accessible, multiplatform P2P payments network might sound too good to be true, but community bank consortium Alloy Labs Alliance hopes to achieve just that with the CHUCK payment rail. Julieann Thurlow, CEO of $730 million-asset Reading Cooperative Bank in Reading, Mass.,

Community Bank 91

Community Bank Community Payments Meeting 91

PYMNTS

MARCH 6, 2020

That’s even more true for community banks, which lack the resources larger FIs have to support modernization initiatives and technology investment efforts. At the same time, the logistical challenges and competitive pressures associated with digitization remain just as pertinent for community banks.

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Community Bank Community How To Lending 173

Jeff For Banks

JANUARY 14, 2021

In June of 2008 I gave a speech titled "The Death of the Community Bank" and in that speech I made predictions. Prediction: The General Bank will become extinct. Much like competitors nip at community banks' customers. Eighteen percent of that group opened an account at a digital bank. Result: Mixed.

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Community Bank Community FDIC Strategy 130

Independent Banker

DECEMBER 31, 2021

Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. So, what’s at the top of community bank leaders’ to-do lists?

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Community Bank Community Lending Louisiana 144

Banking Exchange

NOVEMBER 21, 2022

The deal will add approximately $500 million in assets to the Virginia-based company Management Feature M&A Feature3 Community Banking.

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Community Bank Community Virginia Management 78

Bank Innovation

JANUARY 5, 2018

The fintech is partnering with community bank, INTRUST Bank for this purpose, the companies announced yesterday. Small business lending platform Funding Circle will be working with a traditional lender to fund loans on its platform.

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Community Bank Community Lending Fintech 207

Bank Innovation

JUNE 19, 2018

Finastra, which was formed from the union of Misys and D+H, and calls itself the world’s third largest fintech company in the world, has acquired American software company Malauzai in an attempt to strengthen its foothold in the American banking market.

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Community Bank Community Software Fintech 199

PYMNTS

JANUARY 24, 2019

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 ICBA Bancard’s 1,600 community bank customers have issued more than 7.3

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Community Bank Community Cards United States 156

Banking Exchange

DECEMBER 7, 2022

Several fintech companies have been accused of poor practices when handling PPP loans Community Banking Feature3 Feature PPP Compliance.

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Community Bank Community Fraud Compliance 78

PYMNTS

NOVEMBER 13, 2018

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. The company is trialing token-based asset lending through the next two years and covering 10,000 state residents.

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Community Bank Community Fintech Arizona 183

BankInovation

MAY 19, 2023

The banking landscape is in a state of flux. Emerging financial technology companies have built new services and offerings that place the customer experience front and center, providing a flexibility and speed that traditional banking institutions struggle to match.

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Community Bank Regional Community Customer Experience 85

CFPB Monitor

AUGUST 31, 2021

The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Banks are instructed to reference relevant guidance from the agencies that is listed in a footnote.

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Community Bank Community Fintech Company 78

PYMNTS

APRIL 12, 2019

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). Community banks say their services are often too expensive and can sometimes be delayed.

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Community Bank Community New Jersey Fintech 123

PYMNTS

APRIL 2, 2019

MOXY bank , preparing to be one of the first new community banks to launch in the U.S. in decades, has announced that it is working with technology solutions company NYMBUS to integrate its core digital banking and payment services.

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Community Bank Community FDIC Washington 117

South State Correspondent

MARCH 5, 2024

Several measurable factors drive loan (and, by extension, bank) profitability, including loan size, credit quality, term, cross-sell, and upsell. In this article, we will consider how and why loan size is one of the most significant drivers of profitability for community banks and what community banks can do to improve performance.

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Community Bank Community National Lending 195

South State Correspondent

MARCH 5, 2024

Several measurable factors drive loan (and, by extension, bank) profitability, including loan size, credit quality, term, cross-sell, and upsell. In this article, we will consider how and why loan size is one of the most significant drivers of profitability for community banks and what community banks can do to improve performance.

Community Bank 195

Community Bank Community National Lending 195

PYMNTS

JANUARY 9, 2018

While marketplace lending platforms and alternative finance players first surfaced to compete with traditional financial institutions (FIs), many large banks have now realized that collaborating with these companies is the way to better service SMBs — and without the added investment in developing proprietary systems.

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Community Bank Community Fintech Lending 131

American Banker

APRIL 4, 2024

The Federal Reserve issued an enforcement action against Mode Eleven Bancorp, the holding company for Summit National Bank, which engages in banking-as-a-service.

Wyoming 74

Wyoming Community Bank Community Fintech 74

Payments Dive

MAY 2, 2023

The company that provides community banks with payments, fintech and other services is gunning for growth with new private equity capital.

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Community Bank Community Capital Fintech 397

PYMNTS

OCTOBER 10, 2018

In a press release , Regal said its agreement with Mastercard will allow banks to provide an integrated payables platform that supports virtual card payments. Together, the companies are launching RegalOne, an application that provides integrated virtual cards to the corporate customers of regional and community banks.

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Community Bank Community Cards Software 134

Gonzobanker

FEBRUARY 8, 2023

Community Banks as Venture Capitalists In fact, not all providers of venture capital are venture capitalists. Increasingly, banks are filling the void created by VCs. Among community banks investing in fintech startups, the average investment was nearly $3 million per bank in 2022. billion in 2021.

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Community Bank Community Fintech Leadership 99

PYMNTS

NOVEMBER 16, 2018

Small business credit analysis company PayNet is linking up with a community bank to streamline SMB lending for the institution. In another statement, BNB Bank EVP and Chief Lending Officer Kevin L. . ” Analysis has also found that community banks are playing a larger role in small business lending.

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Community Bank Community Lending Analysis 134

PYMNTS

JUNE 25, 2019

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.

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Community Bank Community Digital Banking FDIC 116

Independent Banker

DECEMBER 1, 2021

Now, consumers expect that from every company in which they do business. Many of today’s banks have recognized this shift and are looking for new ways to attract, engage, and retain their customers, all while providing a great experience. 18% of these consumers opened an account with an online-only direct bank.

Community Bank 91

Community Bank Community Fintech Guidelines 91

TheGuardian

FEBRUARY 29, 2024

Chief executive of embattled bank steps down after company reports ‘material weaknesses’ in internal controls New York Community Bancorp (NYCB) came under fresh pressure on Wall Street after reporting “material weaknesses” in its internal controls, booking a $2.4bn hit to earnings and replacing its chief executive.

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New York Community Community Bank Marketing 60

PYMNTS

MAY 31, 2018

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.

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Community Bank Community Fintech Florida 104

South State Correspondent

MARCH 19, 2024

We continue this theme of major drivers of loan and bank profitability and discuss the importance of cross-selling and upselling, and its impact on bank performance. In a future article we will discuss how community bankers may structure their commercial loan products to maximize cross-selling and upsell opportunities.

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Community Bank Community Industry Cards 195

PYMNTS

JULY 3, 2019

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.

Community Bank 116

Community Bank Community Fintech New Jersey 116

Banking Exchange

JUNE 10, 2020

Cross River Bank’s partnerships with more than 30 fintech companies has enabled it to loan more than PNC, US Bank and Trust Community Banking PPP Covid19 Feature Financial Trends Duties Feature3 The Economy.

Community Bank 78

Community Bank New Jersey Community Trends 78

PYMNTS

SEPTEMBER 24, 2020

smaller community banks and credit unions (CUs) stepped up to the plate and, according to the Small Business Association (SBA), ended up facilitating more than half of PPP loan volume to SMBs. That's good news for community banks and credit unions, which could see a wave of new SMB customers and members in the coming months.

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Community Community Bank Regional Lending 193

PYMNTS

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? However, if recent developments in the financial services industry are any indication, innovation waits for no institution, company, agency or, for that matter, Fed report. faster payments system. faster payment system.

Community Bank 116

Community Bank Community Innovation Millennials 116

South State Correspondent

FEBRUARY 20, 2023

Community bankers need to understand their competitive landscape. Who the competition is, what the lending competition is offering, their delivery channels, and service levels can help community banks differentiate their services and enhance their competitive advantage.

National 195

National Lending How To Community Bank 195

Abrigo

OCTOBER 9, 2014

This article is the second in a two-part series on top concerns and growth strategies of community banks. Everyone in the banking industry seems to be asking the same question these days: How can we facilitate growth? To properly asses the credit risk of that entity, the bank must perform a global analysis.

Community Bank 236

Community Bank Strategy Community Survey 236

PYMNTS

JANUARY 4, 2018

As more financial institutions (FIs) warm up to the idea, one bank in Maryland is taking significant steps to address cannabis companies’ FinServ challenges. 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.

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Maryland Community Bank Community Marketing 104

PYMNTS

AUGUST 3, 2017

A separate report from fraud prevention solutions company GIACT points to potential fraud risks that could arise when Same Day ACH debits roll out in September 2017. Community banks meet the millennial generation. Detecting fraud early and efficiently is a growing concern for all parties as faster payments rise.

Community Bank 117

Community Bank Community Report Millennials 117

Independent Banker

DECEMBER 31, 2022

We simply need to remember what makes us special as community bankers, and with that as our foundation, we can embrace this season of change in four primary ways: 1. Demonstrating the community bank difference. They want to come into the bank and say, “We need your support to figure things out.” Gaining advocacy wins.

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Community Bank Community Hawaii Washington 218