Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. Since COVID-19, profitability planning for community banks has mainly hinged on how the government was coping with the pandemic and the key role financial institutions played in keeping the economy afloat. By Elizabeth Judd. Quick Stat.

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Strategy Community Bank Louisville Community 135

PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. The bank is one of several newly proposed community banks in the region, with goals of disrupting the financial services landscape, including business and corporate banking.

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Community Bank Community FDIC Marketing 122

PYMNTS

OCTOBER 7, 2020

EMQ , a provider of global financial settlement services, has begun letting businesses around the world transfer up to roughly $280,000 directly into banks in Japan, the company announced in a news release. EMQ already operates in Japan.

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Regional System Operations Community 218

Gonzobanker

MARCH 7, 2024

It happened this week: Fintech Meetup , one of the newer trade events that brought 4,000 or so fintech and banker types to Las Vegas. The experience felt akin to entering a mosh pit but instead of musicians, you are in it with bankers and entrepreneurs and there are chairs. He likened it to regression testing.

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Las Vegas Fintech Conference San Francisco 147

Gonzobanker

DECEMBER 14, 2023

The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet. THE BANKER AWARDS The Bank Acquisition of the Year – goes to the unique PacWest and Banc of California deal. Employees are back to work. We are in awe.

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Fintech Community Regional Technology 194

South State Correspondent

OCTOBER 28, 2022

Our teams just returned from back-to-back weeks at the Gartner Symposium in Orlando and Money 20/20 in Las Vegas. Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments. Despite those challenges, we pulled out the top ten needle-moving ideas and ten smaller, exciting ideas to bring to your organization.

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Conference Technology Las Vegas Trends 195

Independent Banker

JUNE 30, 2022

Effects of the pandemic and other factors creating unpredictability have changed how community banks approach their credit and lending operations. Bankers and industry observers have several recommendations for how community banks can come up with risk ratings and rankings that foster safe growth in a volatile economic climate.

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Management Community Bank Community Regulation 103

Independent Banker

OCTOBER 1, 2022

Cyber and data security have long been areas of emphasis for community banks, but in today’s escalating digital environment, that focus has grown. In fact, our 2022 CEO Outlook Survey ranked data security as a top concern, and as the digital sphere continues to evolve, all signs point to that level of concentration increasing.

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Exercises Community Bank Community Resources 126

South State Correspondent

MAY 31, 2023

The concept that we allow the customer to choose how they want to bank often enables the bank to be passive in its position and give up agency. Branching, for example, is too expensive to be all things to all people. That said, branch profitability has come roaring back, given the value of deposits.

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Data Branch Strategies Strategy Mobile 195

Gonzobanker

DECEMBER 19, 2022

All of you with your hands up… … uh huh. It would have required a few trips to the local dispensary to dream up what bankers have endured this year. A few modest examples of the 2022 roller coaster ride: The Fed rate hikes in 2022 totaled 425 basis points. Who saw 2022 coming and accurately predicted the headlines?

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Community Fintech Industry Innovation 216

Abrigo

MARCH 24, 2021

Independent Banker Survey. The top banking challenges in 2021 are growing loans and earnings, according to Independent Banker’s recent 2021 Community Bank CEO Outlook survey. Technology sets up future lending success. Here's what they're doing. Would you like others articles like this in your inbox?

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Lending Technology Survey Examples 221

Independent Banker

NOVEMBER 30, 2022

When it comes to supporting outliers in the Las Vegas community, Lexicon Bank knows how to play its cards. You have a bank that was born out of COVID and could have gone the other direction but ended up thriving.”. Photo by Sammy Tillery. By Tom Groenfeldt. Name: Lexicon Bank. Assets: $237.6 Location: Las Vegas, Nev. A natural fit.

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Las Vegas Community Bank Community Wisconsin 129

South State Correspondent

MAY 18, 2022

Ask almost any community banker, and they will tell you their value proposition around their bank revolves around service. They are local, they are close to the customer, and they have limited bureaucracy are all factors that get brought up as to why the bank can deliver on its promise. Why Customer Problem Resolution Matters.

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social media Training Customer Experience Community Bank 195

Independent Banker

NOVEMBER 30, 2021

Community banks use dozens or even hundreds of vendors—making it critical that they have an efficient way to stay compliant, track performance and more. There’s a host of regulatory guidance when it comes to vendor management, but community banks also have wiggle room to craft their own policies. Photo by Jorg Greuel/Getty Images.

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Management Community Bank Community New Jersey 91

Abrigo

MARCH 28, 2020

But important components are clear, SBA officials and leaders with the American Bankers Association said during an ABA webinar Thursday before President Trump signed the finalized bill on Friday. Start reaching out to business customers now, and begin preparing the financial institution's own processes.

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Lending Capital Guidelines Data 221

Social Assurance

OCTOBER 1, 2021

Whatever it is, community heroes are constantly leaving their mark. From supporting small businesses to uplifting employees, here’s how Community Heroes Empower, Ignite, and Enable their communities: Empower. Community heroes empower local businesses. “ Loans provide an opportunity for community bankers to connect.

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Community Community Bank social media Branding 15

Gonzobanker

DECEMBER 22, 2020

Bankers started the year with good business plans, strong balance sheets, and optimism. And how did community banks and credit unions respond to the COVID craziness? Our clients showed banking at its best – obsessed with customer well-being, good corporate citizenship, and strong community focus. ” – Hunter Thompson.

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Idaho Community Industry Strategy 172

Independent Banker

DECEMBER 28, 2015

Happy New Year, fellow community bankers! This upcoming year has a lot of good in store for our industry, because ICBA continues to pursue even more successes for community banks nationwide. Examples of terrible policy ideas that ICBA has helped kill in recent years include forming a U.S.

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Community Bank Washington Community Ohio 70

Abrigo

JUNE 4, 2020

For example, if the business situation deteriorates after June 30, and particularly with the 60% all or nothing feature, the borrower will be in a better outcome if he/she files using the 8-week period. 75%) of loan proceeds required to be spent on payroll. Nothing in the bill provides blanket forgiveness for loans under a certain size.

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Lending Risk Management Management Community 195

Perficient

MAY 21, 2021

Perficient Bright Paths is a program designed to advance STEM education and career opportunities for underrepresented constituencies and communities. With so many amazing examples of ingenuity, we are breaking our Bright Paths student profiles into two posts. Learn More About Perficient’s Bright Paths.

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Milwaukee Software Course Detroit 348

FICO

MAY 6, 2020

This is the story and timeline of a small banker’s experience with PPP loans. Greg Tyre is a small business banker who underwrites loans at The Piedmont Bank in Georgia and is an SBA-preferred lender. It’s a small bank that caters to the local community, and they are preparing for the PPP (nicknamed the “Triple P”) to launch.

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Community Community Bank Lending System 52

Independent Banker

OCTOBER 29, 2014

And the great news, according to “American Millennials and Banking,” a major new study commissioned by ICBA, is that Bauhs and the 80 million other people in his generational cohort are prime potential customers for community banks. This is really the moment for community banks to show that they’re a fit for millennials. “At

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Millennials Community Bank social media Community 110

Independent Banker

SEPTEMBER 26, 2014

Awareness of elder financial abuse is growing, and community bankers are often relied upon as the front line of defense in the protection of their customers, including as providers of crime prevention education and information. In fact, they’re every bit as much at risk.

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Community Resources Community Bank Video 101

Independent Banker

NOVEMBER 13, 2014

And the great news, according to “American Millennials and Banking,” a major new study commissioned by ICBA, is that Bauhs and the 80 million other people in his generational cohort are prime potential customers for community banks. This is really the moment for community banks to show that they’re a fit for millennials. “At

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Millennials Community Bank social media Community 87

Independent Banker

DECEMBER 13, 2015

Nevertheless, cash—and coins for rounding up transactions—still plays a primary role in many millions of transactions every day on America’s Main Street. “We We still have a high demand for cash,” says Tylynn Theis, vice president of Harvest Bank, a $130 million-asset community bank in Kimball, Minn. Changing role of cash.

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Community Bank Community Maine Mississippi 70

Abrigo

FEBRUARY 24, 2020

While they are working towards a resolution, it leaves bankers in a cloud of smoke. While there is still uncertainty about what banking legislation will pass, FIs are slowly but surely gaining more guidance on how to bank cannabis. Compliance and anti-money laundering (AML) is going green… or is it? If so, how do you bank them?

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Illinois Regulation United States California 195

Gonzobanker

DECEMBER 20, 2019

Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank. Brutal competition is an everyday affair, as are product and price commoditization. But that’s for next year. THE BANKING AWARDS.

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Idaho Conference Data Marketing 148

NCR

OCTOBER 28, 2016

That was an early appearance for this topic on a national stage, and it hasn’t let up since. For example, Democratic nominee regularly touts her aggressive plan to make debt-free college available widely available. Student loans naturally play a prominent role in this operation, with a promise of low rates from community lenders. (On

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Community Bank San Francisco Community National 40

NCR

OCTOBER 7, 2016

That was an early appearance for this topic on a national stage, and it hasn’t let up since. For example, Democratic nominee regularly touts her aggressive plan to make debt-free college available widely available. Student loans naturally play a prominent role in this operation, with a promise of low rates from community lenders. (On

Community Bank 40

Community Bank San Francisco Community National 40

Banking 2020

MARCH 10, 2015

Daily, I have been reminded by the government, that the signs of economic recovery are all around me. The signs of change are around us, but it’s more likely that the US economy is rearranging itself rather than simply recovering under the old umbrella of Wall Street. My answer, combine the best of both worlds.

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Community Lending Capital Conference 40

Independent Banker

NOVEMBER 13, 2014

ICBA Independent Banker is happy to report that robots aren’t marauding down Main Street. The Internet of Things, also known as the Industrial Internet, is where networked smart devices communicate to powerfully automate a multitude of complex tasks for both consumers and businesses, potentially including community banks.

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Community Bank Community Maryland System 71

Long Lasting Ideas

JANUARY 5, 2015

A generation ago, bankers could count on young people –piggy banks in hand — riding their parents’ coattails to the neighborhood branch. But how do we attract a generation that communicates phone-to-phone and text to text, not face to face? In a few years, that meant a mortgage, a college fund for their children, or an IRA.

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Marketing Millennials Community Bank social media 40

Gonzobanker

DECEMBER 19, 2016

A deep mistrust is growing for anything that feels bureaucratic or obfuscated, and bankers stand at a crossroads as to where they may fall in this shakeout. In the post-Wells-scandal world where the shift from people and bricks to machines and digital is getting very real, bankers are scrambling to build new generations of their businesses.

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Utah System Community Marketing 60

Gonzobanker

NOVEMBER 18, 2014

And, man, did it ever … with the Aliens -esque signs of bankers getting their brains sucked out (or was it minds being blown by presenters, not sure?). He appealed to bankers to talk about their value creation and higher purpose instead of just making money. Innovation Showcase & Global Innovation Awards.

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Chicago Retail Branch Design Training 97

Gonzobanker

DECEMBER 19, 2016

A deep mistrust is growing for anything that feels bureaucratic or obfuscated, and bankers stand at a crossroads as to where they may fall in this shakeout. In the post-Wells-scandal world where the shift from people and bricks to machines and digital is getting very real, bankers are scrambling to build new generations of their businesses.

Utah 60

Utah System Community Marketing 60

Independent Banker

JANUARY 26, 2016

Of course, community banks are the primary economic engines behind small businesses on Main Street America, funding more than 60 percent of all small-business lending. Of course, community banks are the primary economic engines behind small businesses on Main Street America, funding more than 60 percent of all small-business lending.

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Miami Community Bank Community Resources 70

Abrigo

JULY 23, 2021

It is a concept that we have all heard of, however, the concept remains somewhat of a mystery in the community bank world. Takeaway 1 The threat of the proliferation of weapons of mass destruction is very significant and the consequences are severe. Included as a Priority is Proliferation Financing. Foreign proliferation threats.

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National Training United States Regulation 195