Abrigo

OCTOBER 8, 2014

This article is the first in a two-part series on top concerns and growth strategies of community banks. Regulatory compliance. These are all phrases that resonate with community bankers. Data from Bank Director’s 2014 Growth Strategy Survey in August confirms that these are bankers’ greatest concerns.

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Community Bank Community Strategy Risk Management 192

ABA Community Banking

OCTOBER 1, 2020

Business conditions were most often called the single biggest challenge facing community banks, according to an annual survey released yesterday by the Conference of State Bank Supervisors. The post For Community Banks, COVID-19 Brings Existential Concerns to Fore appeared first on ABA Banking Journal.

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Community Bank Community Survey Conference 80

Abrigo

AUGUST 3, 2015

According to a recent survey by the American Bankers Association (ABA), more than 46 percent of respondents had to reduce offerings for loan or deposit accounts, or other services, at their bank because of regulatory compliance burdens. A recent Forbes commentary, Dodd-Frank, Community Bank Decline, And The Effect On U.S.

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Compliance Community Bank Community Survey 150

Banking Exchange

OCTOBER 26, 2020

The ‘Bank On’ initiative is being flagged as a key solution for underbanked and unbanked individuals and communities across the US Community Banking Compliance Retail Banking People Customers Online Compliance Management Compliance/Regulatory The Economy Feature Feature3 Socially Responsible Investing SRI SRI Exchange.

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Community How To Compliance Community Bank 60

ABA Community Banking

SEPTEMBER 29, 2021

On the latest episode the ABA Banking Journal Podcast, Berkshire Bank President and CEO Nitin Mhatre discusss Berkshire Bank's "BEST Community Comeback," a new $5 billion ESG-focused initiative at the Massachusetts-based midsize community bank.

Community 81

Community Strategy Massachusetts Community Bank 81

BankInovation

APRIL 29, 2021

This month saw investment in digital leadership and compliance, as C-suite positions were filled with new faces at JPMorgan Chase, Citi and Independent Financial, as well as at MoneyGram and Fiserv.

Leadership 98

Leadership Compliance Community Bank Community 98

Banking Exchange

APRIL 18, 2021

Federal Reserve data noted the lack of demand for small business loans even while noting that consumer demand is on the increase Community Banking Consumer Compliance Customers Fair Lending Profitability Feature3 Financial Research Feature Financial Trends Lines of Business Retail Banking The Economy.

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Lending Community Bank Compliance Community 127

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

Banking Exchange

JUNE 14, 2021

Bank of America ranks highest in banking mobile app satisfaction, reports JD Power Retail Banking Feature Lines of Business Technology Mobile Online Tech Management Feature3 Community Banking Consumer Compliance Customers.

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Mobile Regional Survey Community Bank 88

Banking Exchange

MARCH 22, 2021

Former First Green Bank CEO Keith Costello will lead Locality Bank as it seeks regulatory approvals Community Banking Compliance Feature3 Fintech Feature Management Retail Banking Technology.

Florida 78

Florida Community Bank Compliance Community 78

CFPB Monitor

OCTOBER 5, 2022

Federal Reserve Governor Bowman voted against the rule stating: “During the public comment process, community banks raised substantial concerns with the proposal. See the banking industry group February 1, 2022 letter to the Federal Reserve on behalf of the community banks.

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Regulation Cards Community Bank Community 78

Banking Exchange

JULY 1, 2020

The US Senate has passed a bill extending the Paycheck Protection Program until August 8 Compliance Payments Retail Banking Community Banking Feature3 Feature The Economy People PPP Covid19.

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Community Bank Compliance Community Retail 78

Celent Banking

MARCH 6, 2015

Next week I will be moderating a panel discussion at American Banker´s Retail Banking Conference in Austin about the competitive pressures of community institutions. It’s an important topic that Celent discussed in a report published last year: And Then There Were None: The Disappearance of Community Banks.

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Conference Retail Community Austin 100

Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. It’s certainly an interesting time to be a community bank, but there are still plenty of ways to make efficiencies with an eye on profitability. ? How can they counteract these effects and maximize financial efficiency?

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Strategy Community Bank Louisville Community 135

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. American Bank, National Association.

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Community Bank Community National Philadelphia 172

NCR

DECEMBER 1, 2017

It’s an interesting time to be a community financial institution (FI) right now. For smaller community banks and credit unions in the US, it might seem like a difficult time to do business, with so much change, intensifying competition and regulatory compliance to contend with. It’s more personal.

Community 56

Community Community Bank Michigan Lending 56

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

PYMNTS

DECEMBER 11, 2020

Synctera Brings 'FinTech As A Service' To Community Banks. FinTechs want to offer compliant banking services, while community banks want new ways to grow deposits. Retail Will Play Major Role In Vaccine Distribution. million in consumer losses. Tis The Season … For Omnichannel Returns? .

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Trends Fraud Millennials Community Bank 175

Bank Innovation

MARCH 25, 2019

based bank may be a community bank, but it’s thinking big when it comes to digital transformation. Working with $11.9 million from its shareholders to continue growing and investing in technology this year, Banesco USA entered into an agreement recently with Silicon Valley-based accelerator Plug and Play Fintech.

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Fintech Community Bank Community Technology 186

South State Correspondent

JANUARY 4, 2023

In addition to these technology-oriented improvements, there are also a variety of process improvements that many banks can make that are cost-free. Moving all customers to digital statements, restructuring compliance reviews and employee onboarding are just some of the more popular efforts that banks are undertaking in 2023.

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Community Bank Capital Lending Training 195

Independent Banker

OCTOBER 31, 2021

Community bankers tell us why. First State Bank & Trust in Williston, N.D., started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Chris Jundt, First State Bank & Trust. Community banks have really propelled themselves into this journey in a fantastic way.

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Lending Community Bank Community North Dakota 91

Abrigo

MAY 8, 2024

They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience. The greatest absolute gains forecast (largely from increased productivity) are tied to corporate and retail banking.

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Examples Fraud Resources Risk Management 222

Bank Innovation

FEBRUARY 11, 2019

Cambr, a cloud-based platform powered by investment firm StoneCastle and digital banking software provider Q2 Holdings, is helping neo-banks and fintechs launch and scale up through a network of 850 community banks.

Community Bank 170

Community Bank Community Software Innovation 170

Abrigo

APRIL 19, 2016

In the paper, the OCC defined responsible innovation as: The use of new or improved financial products, services, and processes to meet the evolving needs of consumers, businesses, and communities in a manner that is consistent with sound risk management and is aligned with the bank’s overall business strategy.

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Innovation Fintech Risk Management Community Bank 150

Independent Banker

JULY 29, 2016

Big Savings—ICBA’s Dan Clancy and Travelers’ Laura Lundin hold a big check representing the $3 million dividend paid this year to community banking participating in the ICBA-Travelers property-and-casualty insurance Preferred Service Provider program. ICBA Bancard & TCM Bank, N.A. Compliance and Operations.

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Community Bank Community Compliance Lending 70

The Financial Brand

JANUARY 11, 2015

Community bank executives hope investing in growth strategies will reduce regulatory challenges and improve competitive positioning. Retail Banking Strategies Community Banks KPMG'

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Community Bank Community Compliance Strategy 12

PYMNTS

JANUARY 6, 2021

And according to Doug Brown, senior vice president and general manager of digital banking at NCR , simplicity and innovation have turned what could have been a disastrous year into a transformational pivot for the better. Tackling those tougher problems to simplify things — and that’s true in banking, retail and restaurants.”.

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Innovation Data Examples Community Bank 318

CFPB Monitor

AUGUST 22, 2016

The CFPB has announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. Retail Bank, Citibank, New York, NY. Community Bank Advisory Council Members. Jacksonville, FL. William Howle, Head of U.S.

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San Antonio Kansas City Groups CA 60

Independent Banker

FEBRUARY 24, 2016

“I know that unnecessary regulation saps the strength of community banks.” Federal banking regulators are always alert to emerging safety and soundness issues. So our examiners will be vigilant in evaluating credit risk, and banks of all sizes should be as well. Curry, U.S. Comptroller of the currency.

Community Bank 70

Community Bank Community Regulation Compliance 70

Celent Banking

DECEMBER 2, 2014

Celent recently released two reports looking at the state of banks and credit unions: And Then There Were None: The Disappearance of Community Banks and Catch CU: The Ongoing Evolution of the Credit Union Market. What role will small banks and credit unions play in the future? Feel free to comment.

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Industry ATM Community Bank Analysis 169

Gonzobanker

DECEMBER 19, 2022

SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Seacoast Bank is at it again… and this time it is blowing past $10B in a big way. In just five months, Seacoast announced three bank acquisitions ( Drummond, Apollo , and Professional ) totaling a little over $4.7B Bravo April!

Community 216

Community Fintech Industry Innovation 216

Payments Source

MARCH 14, 2016

Retailers who claim that restrictions on debit card fees benefit credit unions and community banks miss the point: These price controls are bad for consumers.

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Community Bank Community Retail Cards 60

Independent Banker

AUGUST 26, 2015

Today, many community banks are exploring how to “go paperless”—whether for cost reasons, a better customer experience or a deliberate outreach to a younger, technology-oriented demographic. But how does a bank establish that electronic signatures are legally binding—and enforceable?

Community Bank 70

Community Bank Minneapolis Community Online 70

Banking Exchange

OCTOBER 26, 2021

adults are credit invisible, or have no credit at all Community Banking Consumer Compliance Feature3 Financial Research Feature Duties Retail Banking Fair Lending Diversity Inclusion Human Rights. One in ten U.S.

Community Bank 15

Community Bank Compliance Lending Community 15

South State Correspondent

OCTOBER 25, 2023

The rise of card-not-present transactions for phone and then e-commerce, starting in 1994, cannibalized check volume, as did Paypal, retail ACH for phone and internet transactions in 1998. Aside from the logistical and compliance problem of check processing, the payment channel is fraught with other problems even in its imaged state.

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Fraud ATM Payments Management 195

Independent Banker

OCTOBER 29, 2014

Jason Lord, Sunmark Community Bank. SunMark Community Bank. Retail locations: Four. At SunMark Community Bank in Hawkinsville, Ga., There’s really no typical day for Jason Lord, an information security officer at SunMark Community Bank in Hawkinsville, Ga. Photo by Audra Melton.

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Community Bank Community Training Memphis 87

Independent Banker

MAY 2, 2016

The board of directors and management at Legence Bank value three key assets: our customers, our employees and the communities we serve. For more than 100 years, we have provided a customer-focused commitment to quality that never stops for the individuals, families, businesses and communities we serve. Legence Bank.

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Community Meeting Community Bank Compliance 70