CFPB Monitor

JULY 7, 2022

Four leading trade groups are calling on the CFPB to rescind the recent updates to the UDAAP section of its Supervision and Examination Manual that instruct examiners to consider discrimination in connection with non-credit products and services as an unfair act or practice. Chamber of Commerce.

Groups 145

Groups West Virginia Policies Virginia 145

PYMNTS

FEBRUARY 19, 2019

.” Other critics have raised the issue that the OCC is advising examiners to take community group concerns into consideration separately from their M&A approval processes. ” Now, Powell is also raising concerns about how bank industry consolidation could negatively impact the small business community.

Marketing 108

Marketing Community Community Bank Industry 108

South State Correspondent

SEPTEMBER 12, 2022

However, as of Q2/22, the average community bank’s COF has risen only a few basis points. Community banks should be concerned about their COF because looking at current deposit conditions is like driving a car while looking at the rearview mirror. Community banks will feel the effects of these hikes over the next few quarters.

Community Bank 195

Community Bank Community Industry Online 195

South State Correspondent

MARCH 13, 2023

On the liability side of SVB’s $173B in deposits at the end of 2022, approximately 97% were uninsured and above the $250k in FDIC protection threshold. The SVB Takeaway For Community Banks Community banks should continue to monitor their deposit base, liability sensitivities, and duration risks.

Risk Management 221

Risk Management Management Community Bank Community 221

South State Correspondent

APRIL 30, 2022

Based on the futures market, the Federal Reserve is expected to raise the Fed Funds rate to 3.00% at its December 2022 meeting. In this article, we analyze the industry’s cost of funding earning assets (COF) and track how community banks’ COF behaves relative to larger banks. Historical Cost of Funds Analysis. Future Short-term Rates.

Community Bank 195

Community Bank Strategy Community FDIC 195

Jeff For Banks

AUGUST 2, 2021

Andy recently tweeted a string of tweets describing his investor group's original investment, their evolution from troubled to healthy institution, and what it took for him and his team to be successful. 1/ @Schornack At the end of July 2013, we invested $1.8MM to buy 49% of Flagship Financial Group, Inc. million in assets and $233.7

Community Bank 78

Community Bank Community Minnesota Metro 78

Independent Banker

JULY 31, 2022

Observing the gap in pandemic relief in south Florida due to a lack of local community banks, a trio of banking veterans teamed up to form a digital-first community bank—and were granted a charter in record time to support local businesses. By Katie Kuehner-Hebert. Name: Locality Bank. Assets: $55 million. Built on a solid foundation.

Florida 91

Florida Community Bank Community FDIC 91

Jeff For Banks

DECEMBER 10, 2023

Although the 2022 Top 5 are holding their own and two of them remain in today's Top 5, the 2021 edition included one bank that failed (SVB Financial Group) and one that is voluntarily liquidating (Silvergate). Communities First Financial Corporation (Now FFB Bancorp) (OTCQX: FFBB) #2. What a difference a year makes! The Bancorp, Inc.

Fresno 101

Fresno North Carolina Raleigh FDIC 101

PYMNTS

SEPTEMBER 30, 2020

Co-signed by the American Bankers Association, Bank Policy Institute, Independent Community Bankers of America and The Clearing House, the letter argues that banks and non-bank technology firms are both already embracing innovation in customer service offerings. FDIC), the states and the courts.

Regulation 349

Regulation National System Industry 349

PYMNTS

JUNE 20, 2017

The Independent Community Bankers of America, a trade group representing about 6,000 small banks holding almost $5T in assets, is lining up against SoFi, urging the Federal Deposit Insurance Corporation to reject its application to launch a banking unit.

Utah 108

Utah Indiana America Community 108

Jeff For Banks

NOVEMBER 6, 2011

The current market volatility has been with us for nearly three years. This has kept investment options for community financial institutions at historic lows. Market volatility and prolonged low bond yields is keeping investors on the sidelines. Community FIs are experiencing similar activity from their Main Street customers.

Community 65

Community New York FDIC Philadelphia 65

Jeff For Banks

JUNE 2, 2023

Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 800%, only to fall 740% from its peak by October 2002, giving up all its gains during the bubble. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate? What caused it? credit default swaps anyone?).

FDIC 78

FDIC Community Bank Regulation Lending 78

PYMNTS

DECEMBER 20, 2018

Through gpi, SWIFT and its community have managed to radically innovate the very core of correspondent banking,” said Chief Marketing Officer Luc Meurant in a press release providing the business update, and where universal update is being targeted for 2020. In its Wednesday (Dec.

Utah 134

Utah FDIC System Retail 134

Jeff For Banks

DECEMBER 16, 2022

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. SVB Financial Group (Nasdaq: SIVB) Here is this year's list: #1. MetroCity Bankshares, Inc.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

Jeff For Banks

MARCH 5, 2021

Shouldn't the CFPB work to address the impediments to starting a bank in LMI markets rather than punish community banks who scrambled to serve their customers when the economy shut down? According to my firm's profitability peer group, a branch with $74 million in average deposits made a mere pre-tax profit of three basis points.

Regulation 78

Regulation Indiana Charlotte Community Bank 78

NCR

AUGUST 31, 2016

An improving housing market is creating opportunities for banks to expand into residential finance, as mortgages are a readily creatable asset that can generate significant profit. The FDIC has issued several Financial Institution Letters (FILS) regarding third party risk that addresses offshoring risk.

Community Bank 49

Community Bank Community Guidelines Compliance 49

Jeff For Banks

AUGUST 1, 2016

So perhaps an investor group would be interested in taking out current shareholders and recapitalizing the bank? The FDIC required the bank to raise $20 million in capital, a tidy sum back in the 1990’s when banks got started with less than half as much. And that somewhere, investors, have choices on where to invest their money.

FDIC 60

FDIC New Hampshire Regulation Capital 60

FICO

JANUARY 13, 2020

While regulators have formed an inter-agency working group to develop viable reform measures, Congress has recently taken action to address the problem. The road to modernizing the Community Reinvestment Act will include some speed bumps. In addition, the Federal Reserve did not join the FDIC and OCC on the proposal.

Policies 52

Policies Las Vegas FDIC Washington 52

Ublocal

FEBRUARY 11, 2022

When it comes to investing in the stock market, it can be intimidating to navigate all the options and terminology. Investing should be a long-term wealth building strategy, not a way to “get rich quick” or “beat the market.” Check out our personal savings account options such as CDs, savings accounts, and Money Market.

New Hampshire 52

New Hampshire Vermont Strategy Examples 52

Independent Banker

SEPTEMBER 26, 2014

Arecent study published by MetLife Mature Market Institute estimates that the financial loss by victims of elder financial crimes and exploitation is more than $2.9 As this is Crime Prevention Month, elder abuse is an appropriate issue for community banks to recognize and take steps in their communities to prevent.

Community 101

Community Resources Community Bank Video 101

Jeff For Banks

OCTOBER 4, 2014

Now the amount of money in US registered investment companies exceeds that in FDIC insured banks. The branch is king, and if you don''t have one in a market, you will not succeed there. But wait, ING Direct grew to $92 billion in assets until ING Group divested it to Capital One. Was Vanguard a disruptor?

Technology 104

Technology Cyber Security FDIC Strategy 104

CFPB Monitor

DECEMBER 3, 2015

They also note that an FDIC study using payday store-level data concluded “that fixed operating costs and loan loss rates do justify a large part of the high APRs charged.”. Morgan, and Michael R.

Lending 60

Lending Study New York Kansas 60

Filene

JULY 18, 2018

is contributing to steady growth of this vibrant community – a community of more than 43 million that continues to be overlooked by mainstream financial services. Learning as much as you can about the foreign-born community and their families in your area is an essential first step. immigrants. percent, compared to 1.4

Community 28

Community Study Resources Lending 28

Jeff For Banks

JUNE 1, 2015

The FDIC Pocket Guide for Directors identifies the Board's responsibilities as: - Select and retain competent management. Ensure the institution helps to meet its community's credit needs. . Ensure the institution helps to meet its community's credit needs. What are we trying to accomplish with Board compensation?

FDIC 60

FDIC Industry Groups Management 60

Jeff For Banks

DECEMBER 26, 2012

This has led to $863 million of covered loans (loss share arrangements with FDIC), and a yield on such loans of 8.69%, according to its latest investor presentation. To be fair, Access National is headquartered in Reston, VA, one of the best banking markets in the country. Focused mission, young management team, great markets.

Texas 78

Texas National FDIC Capital 78

Jeff For Banks

AUGUST 22, 2014

My firm measures line of business and product profitability for dozens of community financial institutions, and hardly any of them make real money in retail investment sales, if they make any money at all. trillion in assets , while bank assets in all FDIC insured financial institutions was $14.7 trillion for the same period.

Retail 84

Retail Tools Management Taxes 84

Banking 2020

MARCH 10, 2015

According to FDIC Data Calls as outlined in the Forbes , in the 4th Quarter of 2014, traditional banks’ commercial loan portfolios saw a 3.1% Here are a few ways Kyle described how this concept might work: Marketing to the local community and actively becoming a part of it. Mike Milan is the Senior Vice President at Finagraph.

Community 40

Community Lending Capital Conference 40

PYMNTS

OCTOBER 29, 2018

Facebook … and the Facebook Community. And its future is very much in the hands of a community that thinks differently about Facebook today, with many now thinking twice about how and how often they use it. And that is a bank – one with FDIC insurance and safeguards that keep their money safe. Google … and Ad-Supported Search .

Payments 196

Payments Google Apple Innovation 196

CFPB Monitor

MARCH 10, 2022

Such other agencies include the CFPB, FTC, Federal Reserve Board, FDIC, and OCC. Through this group, the FLEC will work to develop consumer-friendly, trustworthy and consistent educational materials, tools and outreach to help consumers make informed choices about digital assets.”

FDIC 148

FDIC National cryptocurrency Leadership 148

Ublocal

OCTOBER 2, 2023

Index Fund An index fund is like an ETF, but it tries to match a specific group of stocks or bonds, like the top 500 companies. Bear Market A bear market is when stock prices are falling, and people are worried they’ll keep falling. Imagine a bear swiping down with its paw; that’s what the market is doing.

Taxes 98

Taxes Capital New Hampshire Marketing 98

CFPB Monitor

JUNE 17, 2019

The Federal Reserve Board has issued a report, “ Perspectives from Main Street: Stakeholder Feedback on Modernizing the Community Reinvestment Act ,” that summarizes the feedback it received during a series of roundtable discussions on the current state of, and potential revisions to, the Community Reinvestment Act (CRA).

Report 60

Report Community Regulation Groups 60

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Bunnell; and Doug, Genelle and Jagger Jones.

Community Bank 172

Community Bank Community National Philadelphia 172

CFPB Monitor

JUNE 25, 2020

On May 20, 2020, the OCC issued a final rule to “strengthen and modernize” its existing Community Reinvestment Act (“CRA”) regulations. The final rule defines a “qualifying activity” as an activity that helps meet the credit needs of a bank’s entire community, including low- and moderate income individuals (LMI) and communities.

Community 97

Community Lending Meeting Retail 97

Jeff For Banks

MARCH 29, 2014

The Bank offers a wide range of deposit services including demand deposits, regular savings accounts, money market accounts, individual retirement accounts, and certificates of deposit with fixed rates and a range of maturity options. We believe we can effectively compete as a community bank in our market area and the niche markets we serve.

Strategy 100

Strategy Texas San Antonio Fort Worth 100

Jeff For Banks

MARCH 3, 2014

Since I estimate my Twitter community only reads about 10% of their tweet stream, and so many of my blog readers do not follow Twitter, below are selected quotes that I tweeted since version 6. How much of the market does Fiserv, FIS, and Jack Henry own? Bank CFO: The FDIC is on a rising rate binge. Banker: Stability.

Branch Strategies 87

Branch Strategies FDIC Strategy Industry 87

CFPB Monitor

JANUARY 28, 2021

The fate of the OCC’s Community Reinvestment Act (“CRA”) final rule , issued on May 20, 2020, hangs in the balance following the inauguration of President Biden on January 20 and the resignation of former Acting Comptroller Brian Brooks, who was a major proponent of the rule, on January 14.

Community 131

Community FDIC Lending Survey 131

Jeff For Banks

APRIL 14, 2022

Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles 2015 Louis D. The Panic of 1907: Lessons Learned from the Market's Perfect Storm 2009 Lowell L. Bonadio Bonadio, Felice A. Giannini: Banker of America 1994 Richard X. Bove Bove, Richard X. Guardians of Prosperity: Why America Needs Big Banks 2013 John F.

America 78

America National Denver United States 78