Independent Banker

FEBRUARY 28, 2022

We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. The digital world has opened vastly broader avenues for community banks to attract new customers—especially if they partner with fintechs in their endeavors.

Fintech 136

Fintech Marketing Community Bank Community 136

Independent Banker

JANUARY 31, 2022

Ken Finley, president of Johnson City Bank, in downtown Johnson City with Shannon Sultemeier, executive vice president (left); and Brenda Haynes, vice president/cashier (right). Here’s how four community banks are thriving in this environment. These include family-owned businesses, community businesses and operating companies.

Texas 182

Texas San Antonio Community Bank Community 182

Independent Banker

JANUARY 31, 2023

With technology upgrades and customer experience consistently ranking as chief priorities for community banks, there’s no question that innovation serves as a strategic imperative. Lean on those references and reach out to peers who are using the solution. But the best tactical implementation approach remains uncertain.

Fintech 139

Fintech Innovation Community Community Bank 139

Jeff For Banks

APRIL 4, 2024

And, according to some EDP students that are lenders, are turning to the shadow banking market that do not have deposit demands. Shadow Banking refers to banking-like operations that take place outside of the mainstream banking industry. and 53% indirect costs: operations, IT, human resources, etc.

Banking Trends 115

Banking Trends Trends Millennials Oregon 115

Independent Banker

DECEMBER 31, 2022

The skills needed to succeed in the workplace are changing, with companies placing greater value on soft skills like communication and leadership. In response, community banks have an opportunity to revisit hiring policies and training programs. Being a community bank, our customers are our neighbors.

Training 98

Training Community Bank Community Knowledge Base 98

Independent Banker

NOVEMBER 24, 2014

“For Ron, giving back to the community is part of the essence of who he is. With vigor and a strong commitment to service, Ron Paul leads a rapidly growing community bank in Maryland. Ronald Paul first encountered community banking as a real estate developer in the early 1980s. Laurence Bensinger, EagleBank.

Community 70

Community Washington Community Bank Maryland 70

Jeff For Banks

FEBRUARY 12, 2024

Perry's perspective is clearly focused on shareholder value and may be viewed as shareholder primacy, a sometimes derogatory term because pursuing shareholder value could be done at the expense of other stakeholders, such as employees, customers, and communities. billion bank from Moline, IL, and CF Bancshares, Inc. CFBK) a $2.1

Columbus 108

Columbus Indianapolis Capital Community Bank 108

PYMNTS

JULY 24, 2019

In banking, “too big to fail” has become shorthand for financial firms of scale and reach so significant that any operational or financial difficulties may have ripple effects on the economy at large. Executives from the two banks appeared Wednesday (July 24) before the House Committee on Financial Services, where Chairwoman Rep.

Community 130

Community Massachusetts United States California 130

Independent Banker

MAY 31, 2022

Ted Whitehurst, Providence Bank president and CEO, led the charge to open a new brick-and-mortar location of the Raleigh, N.C., community bank during the pandemic. Providence Bank chose to open a new brick-and-mortar site during the pandemic, when many other businesses were ceasing operations or shutting down altogether.

Raleigh 91

Raleigh Community Community Bank Lending 91

Celent Banking

JANUARY 24, 2017

Millennials this…”, “Small businesses that…”, Community banks are…”. Two current examples illustrate: The Use of AI in Banking is About to Explode. While referring to a small number of community banks interviewed for the article, it projects those results on the entire community bank population.

Community Bank 100

Community Bank Community Survey Mobile 100

Jeff For Banks

DECEMBER 16, 2022

The first bank to crack the Top 5 over $50 billion did so in 2020. As a reference, the best SIFI bank in five-year total return this year was JPMorgan Chase at 82nd overall. My method was to search for the best banks based on total return to shareholders over the past five years. Triumph Bancorp, Inc. Nasdaq: TBK) #4.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

PYMNTS

FEBRUARY 24, 2016

23) that commercial banks and savings enterprises that it insures reported net income in the aggregate of $40.8 billion boost in net operating revenue, accompanied by a $2.7 The total ratio of banks that were unprofitable dropped 80 basis points year over year to the most recent 9.1 The Federal Deposit Insurance Corp.

FDIC 100

FDIC Community Bank Maine Community 100

PYMNTS

JUNE 11, 2018

community banks hailed some changes to the Dodd-Frank regulations, particularly in regard to how small to medium banks are treated. Closer to home, in the U.S., There’s also the exemption of some loan originators from disclosure requires, as had been mandated by the Home Mortgage Disclosure Act.

Regulation 100

Regulation Community Bank Lending Industry 100

Independent Banker

JUNE 30, 2022

We asked community bankers and experts for their advice on ensuring employees feel a sense of belonging. The latter part of this equation, inclusion, refers to the goal of every single employee feeling able to bring their whole self to work—to feel valued and accepted just as they are. Misti Stanton, Mercantile Bank.

Community Bank 91

Community Bank Community Leadership Millennials 91

South State Correspondent

JULY 5, 2022

In a stagflation environment, as interest rates rise and cash flow (earnings before interest, taxes, depreciation, and amortization (EBITDA), or net operating income (NOI)) decreases, the borrower’s capacity to service debt as measured by the debt service coverage ratio (DSCR) decreases rapidly. A loan starting at 1.20X DSCR dips below 1.0X

Management 195

Management Capital US Community Bank 195

Independent Banker

SEPTEMBER 25, 2014

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 banks often already have the expertise handy in-house, they say.

Community Bank 70

Community Bank Compliance Risk Management Community 70

Independent Banker

SEPTEMBER 25, 2014

Pennsylvania community bank compliance officer, James E. Mastroianni, as vice president for Sweickley Savings Bank, leads much of the compliance efforts at the $330 million-asset community bank in Coraopolis, Pa. IB: How does technology play a role in your bank’s compliance operations? Mastroianni.

Compliance 70

Compliance Community Bank Resources Pennsylvania 70

PYMNTS

MARCH 26, 2018

Those that are retiring include Jim Richards, head of financial crimes risk management, Kevin Oden, head of operational risk and compliance, Keb Byers, enterprise risk head and Vic Albrecht, community banking risk group head. All are retiring in April, May or June. However, the FI can still lend and take deposits.

Risk Management 100

Risk Management Management Compliance Groups 100

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 term “collaborative arrangement” is defined by the Statement as two or more banks with the objective of participating in a common activity or pooling resources to achieve a common goal.

Resources 68

Resources Compliance Community Bank Community 68

Independent Banker

SEPTEMBER 26, 2014

The area is also home to a large base of successful organic farming operations. in its 122-year history, so I don’t have some of the proprietary knowledge about the bank and our customers that some of the previous leaders have garnered over their careers. IB: What’s your favorite thing about being a community banker?

New York 79

New York Community Community Bank Regional 79

Independent Banker

AUGUST 27, 2015

Community National Bank & Trust of Texas. We have a very successful junior college, school district and hospital—the typical things that you would expect to see in a community. We also administer a number of charitable trusts that distribute well over $500,000 a year in the community, so it makes for a well-balanced bank.

Community 70

Community Community Bank Texas US 70

Jeff For Banks

DECEMBER 13, 2018

As a point of reference, the SNL US Bank & Thrift index total five year return was 45%. is the parent company of Willamette Valley Bank, a community bank headquartered in Salem, Oregon. The Bank operates five full service offices. It also operates 13 Home Loan Centers in Oregon and Idaho.

Oregon 101

Oregon Ohio California Community Bank 101

Jeff For Banks

DECEMBER 29, 2020

The first bank to crack the Top 5 over $50 billion did so this year. As a reference, the best SIFI bank in five year total return was JPMorgan at 33rd overall. My method was to search for the best banks based on total return to shareholders over the past five years. Not so over the nine years I have been keeping track.

North Carolina 147

North Carolina Capital Community Bank Wisconsin 147

Jack Henry

JULY 29, 2022

As someone who reads this blog and follows the industry, you’ve likely heard a lot of talk about open banking recently. Headlines with references to “Open APIs” and “Shared Data” continue to appear in inboxes and popular topics with industry reports.

User Experience 78

User Experience Google Lending Industry 78

PYMNTS

FEBRUARY 1, 2019

The fourth quarter of 2018 was kind to Venmo and Zelle , the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal , the owner of Venmo, against the banks that operate Zelle. The numbers tell a story of ongoing growth and more consumer acceptance. million U.S.

Cards 179

Cards Payments Mobile Operations 179

Abrigo

JUNE 5, 2023

In addition, even before the recent banking troubles, regulators have emphasized the financial institution’s responsibility to provide leaders with information on key areas of planning, operations, and risk management. the Community Bank Leverage Ratio (CBLR) and the minimum Tier 1 leverage ratio).

Report 195

Report Risk Management Capital Data 195

Jeff For Banks

DECEMBER 7, 2019

As a point of reference, the SNL US Bank & Thrift index total five year return was 65%. It is the Mountlake Terrace, Washington holding company for 1st Security Bank, a $1.7 billion in assets community bank with 22 branches that encircle the Seattle Sound. It is the $888 million holding company for Plumas Bank.

Indiana 78

Indiana Oregon South Dakota Community Bank 78

South State Correspondent

NOVEMBER 30, 2022

This article will discuss banks’ options for converting LIBOR loans to SOFR that were done through our ARC hedge program instead of the more operationally challenging Fallback Rate. An index representing overnight rates and term structures is fundamental to community banks that sell products with multiple payment periodicities.

Community Bank 195

Community Bank Community Marketing Groups 195

Jack Henry

AUGUST 21, 2019

As someone who reads this blog and follows the industry, you’ve likely heard a lot of talk about open banking recently. Headlines with references to “Open APIs” and “Shared Data” continue to appear in inboxes and popular topics with industry reports.

User Experience 104

User Experience Google Lending Industry 104

Gonzobanker

MAY 8, 2015

Jamie Dimon, CEO of JPMorgan Chase, said it best in his recent letter to shareholders with his reference to emerging digital lenders. As the sessions progressed a theme began to manifest that the traditional banking model has failed our customers and these digital lending platforms intend to reshape the industry, one process at a time.

Conference 60

Conference Lending Community Bank Community 60

Independent Banker

FEBRUARY 25, 2015

Community banks, which will continue to face a growing number of senior customers with everyday cash needs and built-up home equity, should explore this niche lending opportunity, two community bankers providing these specialty loans suggest. The bank closes 35 to 45 reverse mortgages each month. FirstBank, which has $2.3

Trends 70

Trends Community Lending Community Bank 70

Independent Banker

FEBRUARY 3, 2016

Any employee within the bank can speak intelligently about the customer’s accounts, assist them with questions, refer them to the appropriate party or present them with a personalized offer—all in real-time through the channel of their choice. Further, an innovative, integrated CRM vastly improves the overall customer experience.

Leadership 70

Leadership Customer Experience Management Data 70

Gonzobanker

DECEMBER 17, 2021

Union has been a stalwart of the California marketplace since the ’50s, and this gives Andy Cecere and team a great expansion into the Golden State and also some nice wholesale banking business. Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. You tell us.

Fintech 147

Fintech Strategy Leadership Lending 147

Gonzobanker

JULY 28, 2015

.” Sensing that I had won yet another debate regarding banking, I eased off the gas pedal and said to my friend: “So you see, you don’t know Jack. And as I look around the industry, it’s the mega-banks and fintech startups–not the community banks and credit unions–that are doing something about it.”.

Leadership 60

Leadership Data Community Bank Community 60

NCR

OCTOBER 23, 2017

He told Bloomberg that the traditional banking sector could face complete obsolescence in as little as five to 15 years as new technology providers deliver a more compelling offering. Mr. Jenkins likened this to a ‘Kodak moment’ for the industry – a reference to the cautionary tale of the fate of the iconic camera maker.

Technology 69

Technology Maine Examples Innovation 69

Independent Banker

NOVEMBER 30, 2021

State Bank of Texas, led by president Sushil Patel (center), has a niche working with hospitality customers like Reena and Arun Patel, who own and operate a La Quinta hotel in Dallas. Between the [Trump] administration and Congress and the regulators, they did a terrific job of allowing banks to work with their borrowers,” says Jeff W.

Community Bank 209

Community Bank Community Texas Dallas 209

Jeff For Banks

MARCH 27, 2010

If your bank has brokered deposits, Internet deposits, jumbo CDs, rewards checking, and in some cases CDARs, a regulator near you may be calling to order you to seek more traditional funding. This line of reasoning centers on cost of deposits and equates high-cost deposits with less loyal customers… commonly referred to as “hot money”.

Indiana 60

Indiana FDIC Strategy Regulation 60