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CFPB announces advisory committee members

CFPB Monitor

Last week, the CFPB announced the appointment of new members to its advisory committees: Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC). Jean Setzfand, Senior Vice President, AARP (Washington, DC). Bank (Minneapolis, MN).

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Heritage Commerce agrees to settle DC Solar claims

American Banker

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American Greed: Can being an honest broker be banks and credit unions competitive advantage?

Jeff For Banks

According to a 2012 Boston College Center for Retirement Research study , 63% of American males (why only males I do not know) participated exclusively in defined contribution (DC) retirement plans in 2007, up from 47% in 1992. Could this need for personal financial management prove to be a viable niche for community financial institutions?

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Banking's Total Return Top 5: 2013 Edition

Jeff For Banks

Especially if I believe community banks must increasingly be known for some niche to differentiate. I first became aware of Marlin at the Utah Bankers Association Executive Development Program, where a Marlin Business Bank officer was attending. The branchless community bank operates in the Wilmington-Philadelphia market.

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Deposits Surge at Black-Owned Banks After Celeb Appeals

American Banker

Executives at several minority-owned community banks nationwide, including OneUnited Bank in Boston and Carver Federal Savings Bank in New York, say they have received a windfall of deposits in recent weeks, coinciding with the introduction of the Black Money Matters Project.

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A Bank Dealmaker Who's Made Relationship-Building His Brand

American Banker

United Bankshares in West Virginia has quietly become a $14 billion-asset player in its region thanks to the M&A strategy of its highly respected leader, Richard Adams, who has a way of establishing a rapport with community bank chiefs. One recent seller is a repeat customer.

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Bank Products: Blah Blah Blah

Jeff For Banks

At a recent banking conference, Ray Davis of Umpqua Bank took center stage to tell of his journey from a small, Oregon community bank to a regional powerhouse. And product was not part of the bank's success. He mentioned products only briefly. I thought, Why? Wouldn't we all benefit from more simplicity?