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Why a community bank in Missouri is investing in core banking startup Neocova

Bank Innovation

For Brice Luetkemeyer, president and CEO of Bank of St. Elizabeth, a Missouri-based community bank with $150 million in assets, investing in a core banking startup is critical for its future. Together with a group of other community banks, Bank of St. Elizabeth recently invested in Neocova, a St.

Missouri 221
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Small Banks Could See Some Dodd-Frank Relief

PYMNTS

But as it was in the process of being put into place, small banks and credit unions found themselves subject to the same regulations — and the results of that have been notable and troubling. And those banks are going out of business — or merging with bigger players — largely due to the complexity and cost of compliance.

St. Louis 105
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The Smaller the Bank, the Harder the Reg Hit: Fed's Stackhouse

American Banker

Julie Stackhouse, head of supervision at the Federal Reserve Bank of St. Louis, discusses the insights that resonated at the regulator's recent community banking conference — some encouraging for the future of small financial institutions, others less so.