ABA Community Banking

SEPTEMBER 17, 2019

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. The post FDIC Final Rule Sets Community Bank Leverage Ratio at 9% appeared first on ABA Banking Journal.

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Community Bank FDIC Community Capital 66

ABA Community Banking

APRIL 6, 2020

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%.

Community Bank 75

Community Bank Community Policies Capital 75

Abrigo

DECEMBER 22, 2023

download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2023. Takeaway 2 The top lending and credit blog posts focused on the benefits of banking technology, interest rate management, and developing risk ratings.

Lending 221

Lending Risk Management Community Management 221

CFPB Monitor

OCTOBER 25, 2022

Following up on a threat it made back in 2018 , the New York State Department of Financial Services (DFS) announced on October 6, 2022 that it entered into a consent order with Rhinebeck Bank (“Rhinebeck”) to settle discrimination claims involving discretionary dealer markups on retail installment contracts with minority borrowers.

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New York Lending Community Bank Community 78

American Banker

OCTOBER 4, 2023

During a speech at a community banking research conference, the Federal Reserve Board governor emphasized the importance of an "evidence-based approach" to regulatory policy.

Community Bank 73

Community Bank Conference Policies Community 73

Independent Banker

AUGUST 31, 2021

Some lawmakers on Capitol Hill are increasingly interested in diversity and inclusion (D&I) compliance requirements for financial institutions. Here are the key areas of D&I policies and practices that community banks may need if these requirements change or become mandatory. By Mary Thorson-Wright.

Community Bank 91

Community Bank Policies Community Regulation 91

Independent Banker

SEPTEMBER 25, 2014

Anticipating what’s new for your community bank’s next field examination. This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. As Barr points out, most community banks—close to 75 percent—are now growing their loan portfolios.

Compliance 101

Compliance Regulation Community Bank Community 101

Independent Banker

NOVEMBER 30, 2022

Stacy Watkins (left), president and CEO, and Hilary Nelson (right), senior vice president and director of operations and compliance, at the Las Vegas Strip. When it comes to supporting outliers in the Las Vegas community, Lexicon Bank knows how to play its cards. Name: Lexicon Bank. Photo by Sammy Tillery. Assets: $237.6

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Las Vegas Community Bank Community Wisconsin 129

Abrigo

FEBRUARY 23, 2022

Loan Decisioning Allows Small Business Lending to Grow Community financial institutions can leverage automated loan underwriting to increase small business lending and achieve consistency. . Would you like other articles like this in your inbox? Market Trend. Small business lending is a focus. Streamline the Process.

Lending 195

Lending Community Bank Community Analysis 195

Abrigo

APRIL 7, 2022

Community banks with small asset sizes might merge with other small institutions whose branches complement one another, and larger banks may acquire smaller ones whose services fit their offerings. In a perfect merger, both banks are compliant, risk-based, and consistent with each other’s policies and procedures.

Compliance 195

Compliance Policies Fraud Analysis 195

Independent Banker

SEPTEMBER 30, 2021

Changing customer banking habits means it’s more important than ever for community banks to use every tool at their disposal. Community banks may have longstanding relationships with their core vendors, but that doesn’t always mean they keep up to date on all the latest features and functionalities. “But

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Community Bank Community Milwaukee Jacksonville 91

Independent Banker

AUGUST 31, 2022

Community banks can get up to speed on current legislation and regulations to both protect their customers from unauthorized or false deposit account transactions and to prevent them from happening in the future. of Regulation E specifies the timing and steps banks must take to investigate and resolve EFT errors consumers allege.

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Community Bank Regulation Community Training 91

ABA Community Banking

MAY 17, 2022

Community banks in oil and gas towns grapple with the future of climate risk supervision. The post When climate risk comes home appeared first on ABA Banking Journal.

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Community Bank Community Risk Management Policies 98

Independent Banker

SEPTEMBER 25, 2014

A community bank’s practical guide to compliance cost control. When it comes to reducing compliance costs, recommendations typically fall into complicated territory. Complicated or not, one thing is certain: Community banks can’t afford to skimp on their compliance efforts. By Jim Kisch.

Community Bank 105

Community Bank Compliance Community Resources 105

Independent Banker

OCTOBER 1, 2022

“A lot of people have this notion that it will never happen to my business or my bank, because it’s too small,” says Linda Comerford, assistant vice president of incident response and cyber services at AmTrust Financial Services Inc. The bank was only able to get fully up and running after it paid a negotiated ransom.”.

Montana 152

Montana Policies Resources FDIC 152

Independent Banker

JANUARY 31, 2022

The FedNow Service is launching in early 2023, giving community banks about a year to plan. Here’s how community bankers, payments experts and fintech vendors suggest using the time to prepare. With less than a year until the scheduled launch of the FedNow Service, community banks are still awaiting updates on specifics. “And

Community Bank 91

Community Bank Community Resources Fraud 91

Independent Banker

NOVEMBER 30, 2021

Premium benefits packages, professional development and TLC during the pandemic—this year’s winners do everything in their power to keep their community bankers happy and fulfilled. We asked both leaders and staffers to tell us what makes their community banks stand out as employers. Key Community Bank: Leading by example.

Community Bank 164

Community Bank Community Texas Leadership 164

Independent Banker

OCTOBER 31, 2021

The CARES Act extended the CECL implementation deadline for many larger community banks until the end of the COVID-19 pandemic. Community bankers tell us that while the extension is welcome, they’re already down the road to implementation. ICBA tells FASB CECL isn’t feasible for community banks. By Stephanie Vozza.

Community Bank 91

Community Bank Community Software New York City 91

Abrigo

APRIL 12, 2016

Nevertheless, the Supervisory Insights publication “incorporates more recent guidance and technical resources, including significant bank-governance insights and experiences that have been gained since 1988.” The system of goals, objectives, policies, controls, values and behaviors present in an organization that influence risk decisions.

Management 150

Management FDIC Risk Management Community Bank 150

ABA Community Banking

OCTOBER 1, 2019

Heated competition for bank funding is an increasingly important focus for community bank leaders, according to an annual survey released today by the Federal Reserve, the FDIC and the Conference of State Bank Supervisors.

Survey 49

Survey Community FDIC Community Bank 49

FICO

NOVEMBER 29, 2018

This issue was discussed at the NAGGL 2019, National Association of Government Guaranteed Lenders, conference where hundreds of SBA lenders gathered to learn about policy changes, SBA online application submission solutions, how to create successful sales reps, and other trends in the industry impacting SBA lenders. Or visit our website.

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Community Community Bank Policies Leadership 67

American Banker

FEBRUARY 14, 2024

Federal Reserve Vice Chair for Supervision Michael Barr Wednesday downplayed the significance of recent turmoil at New York Community Bank, noting that liquidity and stability in the banking system is in "much better shape than it was last spring."

New York 50

New York Community Bank Community System 50

American Banker

APRIL 16, 2024

detailed how New York Community Bank grew to exceed the $100 billion threshold that triggers tougher bank requirements and set the bank on a path to market turmoil via a series of deals that were approved, in part, by the Office of the Comptroller of the Currency. Elizabeth Warren, D-Mass.,

New York 41

New York Community Bank Community Marketing 41

Abrigo

JANUARY 8, 2016

The GAO acknowledged that community banks, credit unions and their professional industry associations reported increased compliance burdens and reduced activity in specific business activities, such as certain mortgage lending, as a result of Dodd-Frank.

Regulation 150

Regulation FDIC Survey Community Bank 150

Jeff For Banks

APRIL 4, 2024

Although shadow banking mostly serves larger corporations, think money market funds buying commercial paper, bankers fear the trend will continue going downstream to more traditional community bank customers. Do bankers make exceptions to policy, ask borrowers to kick in more equity, or push borrowers out of their bank?

Banking Trends 117

Banking Trends Trends Millennials Oregon 117

Independent Banker

SEPTEMBER 25, 2014

Saving money by conducting inside risk management and compliance reviews. As a group, community banks spend substantial funds hiring outside consultants to help with various management functions, and a substantial share of dollars are spent to help oversee their risk management and compliance activities.

Community Bank 70

Community Bank Compliance Risk Management Community 70

PYMNTS

MARCH 16, 2016

House of Representatives has spoken out in a new bipartisan letter urging the CFPB to remove small banks and credit unions from its list when developing new regulatory policies that may be designed for larger organizations. A majority of the U.S. This letter was drafted by Reps.

Community Bank 100

Community Bank Community CA Regulation 100

Independent Banker

SEPTEMBER 21, 2015

Tips on how to keep up with never-ending Bank Secrecy Act compliance. It may seem lately that complying with Bank Secrecy Act and anti-money laundering rules is a Sisyphean task. Of course, keeping up with those four tasks for managing BSA compliance are enough to keep a team of bankers busy. By Karen Epper Hoffman.

Training 70

Training Compliance Community Bank Community 70

American Banker

JUNE 19, 2020

CBTX in Houston must develop policies and procedures, along with a training program, to address deficiencies in its bank's compliance with the Bank Secrecy Act.

Compliance 43

Compliance Houston Texas Training 43

Independent Banker

MARCH 31, 2022

Faced with several transitional issues, here’s how these community banks gained support from their new providers to adapt to the change. Two years before changing core processors, Asian Bank began conducting weekly meetings to brainstorm attributes its dream core provider would possess. When Del Norte Bank in Del Norte, Colo.,

How To 91

How To Community Bank Community System 91

Abrigo

FEBRUARY 5, 2015

While the report recognizes that customer demands and competition from non-traditional banks will shape banking’s future, the report also recognizes that regulatory expectations and scrutiny will continue to increase, for both traditional community banks and non-bank entities that try to enter banking.

Compliance 150

Compliance Software Community Bank Policies 150

Independent Banker

SEPTEMBER 21, 2015

ICBA’s in-depth certification programs vault compliance officers to the highest standards. imberly Anderson, senior vice president and chief administrative officer of Cañon National Bank in southern Colorado, became her community bank’s loan compliance officer in 2003. By Ed Avis. I think that’s very important.”.

Compliance 70

Compliance Community Bank Community Training 70

American Banker

SEPTEMBER 2, 2021

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Community Bank 68

Community Bank Taxes Community Policies 68

CFPB Monitor

OCTOBER 9, 2018

Such resource sharing contemplates reducing costs and increasing efficiencies in the ways banks manage their BSA and AML obligations. The Statement potentially represents another step in an ongoing AML reform process, which increasingly acknowledges the costs of AML compliance to industry.

Resources 68

Resources Compliance Community Bank Community 68

Jeff For Banks

DECEMBER 29, 2015

Bank policy, baked into their teller system. She knew it, and apologized, saying it was bank policy. I said that the bank would have collected those funds way before 13 days. Special thanks to the Compliance folks on the 12th floor for this little gift of long-term holds! Thirteen days. It wasn't my choice.

Community 60

Community Community Bank Pennsylvania Policies 60

PYMNTS

MAY 22, 2018

“Tom Hoenig, who stepped down last month as FDIC vice chairman, (said) that the Volcker rule should remain in place but, rather than requiring banks to comply with tedious reporting requirements, allow bank examiners to check compliance with policies and procedures as part of the regular inspection process,” the report added.

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Regulation Regional Community Community Bank 100

ABA Community Banking

DECEMBER 13, 2019

In this bonus episode of the ABA Banking Journal Podcast, senior OCC policy official Grovetta Gardineer digs into the details of the OCC and FDIC's notice of proposed rulemaking on the Community Reinvestment Act. The post Bonus Podcast: Digging into the Details on CRA Modernization appeared first on ABA Banking Journal.

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FDIC Policies Community Community Bank 98