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Mobile apps for community banks: In search of business value

NCR

Aware of the disruptive changes in how banking products and services are delivered, community banks continue adopting new technologies to keep up with competition and customers’ demand. Will a mobile banking app really help to solve community banks’ challenges or is it just a waste of money?

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CARES Act includes provisions affecting financial institutions and their regulation: some key provisions

CFPB Monitor

Section 4008 of the CARES Act authorizes the Federal Deposit Insurance Corporation (FDIC) to establish a debt guarantee program to guarantee the debt of solvent insured depository institutions and depository institution holding companies. Section 4012 – Temporary Relief For Community Banks.

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Fintech Deals Are Still Happening – and It’s a Good Thing

Gonzobanker

Morgan Stanley/E-Trade: This $13 billion (~4X annual revenue) deal was announced in late February before COVID-19 and social distancing were known in the United States. million fundraise including community bank participants Bank of St. The acquisition makes sense given Zenmonics’ focus on FIS core clients.

Fintech 109
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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

The early 1980s was a difficult time for the United States, as consumers faced rising prices, high unemployment, and the effects of a supply shock—an oil embargo—which caused energy prices to skyrocket. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate?

FDIC 78
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The Thinker

Independent Banker

While out-of-town lenders gave money to customers requiring no down payments to buy overpriced homes that they couldn’t afford, Hartings, the president and CEO of The Peoples Bank Co. in Coldwater, Ohio, and ICBA’s incoming chairman, held fast to his community bank’s conservative lending practices.

Ohio 70
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Lack of an M&A Strategy May Leave You Dateless at the Prom

Gonzobanker

In 1984 a record high 18,000+ banks existed in the United States. The vast majority of exits came from banks with less than $100 million in assets, and more than 10,000 of these institutions left the financial services landscape between 1984 and 2011 due to mergers and failures. 20 years ago 10 years ago Today.

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Banking's Total Return Top 5

Jeff For Banks

Special mentions are Signature Bank that was #7 this year, and German American Bancorp that was #9. and its subsidiary BofI Federal Bank aspire to be the most innovative branchless bank in the United States providing products and services superior to their competitors, branch-based or otherwise. BofI Holdings Inc.

Texas 82