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Data privacy: How to keep customer data safe

Independent Banker

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Shielding sensitive customer information from prying eyes remains a chronic industry challenge. Bob Hickok.

Data 91
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Accounting About-Face

Independent Banker

Senate Banking Committee. She explained why lawmakers should exempt community banks from Basel III capital rule. Community bankers score big changes in final credit-loss standard. To their credit, federal regulators have already showed they are on board with the approach laid out in FASB’s final standard.

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Why Banks Merge: Listen to the Sellers

Jeff For Banks

"Our combined financial institution will offer a wider array of products and services while continuing our long-standing personal commitment to our customers and community." - Gregory Schreacke, President of First Financial Service Corporation in Elizabethtown, KY on his bank''s sale to Community Bank Shares of Indiana, Inc.

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Accounting Liabilities

Independent Banker

A New Accounting Twist—ICBA’s accounting expert James Kendrick tells community banks to closely watch for the Financial Accounting Standards Board’s pending new standards for recognizing credit losses, much earlier than currently required. Under the FASB plan, banks would instead take a hit the moment they make a loan.