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

Independent Banker

OCTOBER 1, 2022

AmTrust recently worked with one community bank client that was the target of a ransomware attack that shut down its branches for two weeks. One of the biggest benefits of a cyber policy, especially for a smaller community bank, is access to experts,” says Gentile. Regulators paying closer attention to cyber risks.

Montana 152

Montana Policies Resources FDIC 152

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions.

Regulation 122

Regulation United States Community Bank National 122

Abrigo

FEBRUARY 12, 2020

Despite expectations for growth, bankers, regulators, investors, and others are watchful about potentially lower returns and credit risks ahead. Despite the painful evolution in retail, many experts expect another year of growth for commercial real estate – and for commercial real estate lenders, including community financial institutions.

Lending 195

Lending Trends FDIC Survey 195

Jeff For Banks

JUNE 2, 2023

Second, this can be accomplished only if the industry does not have too much influence over its regulators and if the regulators have the ability to hire, train, and retain qualified staff. Third, the regulators need adequate financial resources. My lesson learned to the regulators, read your past lessons learned.

FDIC 78

FDIC Community Bank Regulation Lending 78

PYMNTS

OCTOBER 17, 2017

An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956. Perhaps Cole’s biggest concern is the precedent it would set if Square is successful at securing such a charter.

Industry 108

Industry Fintech FDIC Community Bank 108

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. Federal regulators say, not always. Federal regulators say, not always. What prompts outsourcing.

Community Bank 70

Community Bank Compliance Risk Management Community 70

American Banker

NOVEMBER 6, 2020

The statement comes after multiple small and midsize institutions earlier this year warned the agencies that the secured overnight financing rate was ill-suited to them.

Regulation 76

Regulation Security FDIC Community Bank 76

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

CFPB Monitor

MARCH 9, 2017

The bill has been referred to the Senate Committee on Homeland Security and Governmental Affairs. 3502(5), must submit proposed and final regulations constituting a “significant regulatory action” to OIRA for review prior to publication in the Federal Register.

FDIC 96

FDIC Regulation Analysis Policies 96

NCR

AUGUST 31, 2016

Yet banks need one important yet not easily attainable ingredient to do mortgages right in an era of ever-increasing rules and regulations—quality. Some banks choose to overcome the quality hurdle—which is demanded by both regulators, GSEs and investors—by hiring their own QC staff. Outsourcing loan QC is not for everybody.

Community Bank 49

Community Bank Community Guidelines Compliance 49

Abrigo

SEPTEMBER 5, 2023

As the FDIC said recently: Exceptions to policy should be few in number and properly justified, approved, and tracked. Generally speaking (subject to Regulation B), business loans should be guaranteed by the principals of the borrower. Get details in "A guide to implementing credit policy."

Policies 195

Policies Lending Risk Management Examples 195

Independent Banker

NOVEMBER 25, 2015

Regardless of the name, nonbank technology firms are wedging themselves between community banks and their customers by offering a slew of traditional and nontraditional banking products. This is why ICBA and community banks must continue to push consistent regulation of bank and nonbank financial service providers.

Community Bank 70

Community Bank Community Analytics Lending 70

Independent Banker

FEBRUARY 24, 2016

Community banks cannot afford to ignore the staggering pace of lending adoption by both individuals and businesses using digital-only platforms from various nonbank technology-based specialty lending firms. But community banks should not be without hope, nor should they underestimate the significance of customer relationships.

Community Bank 70

Community Bank Community Lending FDIC 70

Independent Banker

DECEMBER 13, 2015

Previewing an easier-to-use format of the FFIEC’s IT security assessment. Bad news: In its original form, it’s awkward to use—and may become part of those dreaded IT security exams. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., By Ellen Ryan. See sidebar for details on the tool itself.).

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

Previewing an easier-to-use format of the FFIEC’s IT security assessment. Bad news: In its original form, it’s awkward to use—and may become part of those dreaded IT security exams. At the Bank of Luxemburg, a $290 million-asset community bank in Luxemburg, Wis., By Ellen Ryan. See sidebar for details on the tool itself.).

Tools 70

Tools Community Community Bank Security 70

South State Correspondent

APRIL 1, 2023

Deposit outflows for the prior week were revised upwards to show a combined decline of $64B, including $185B from community banks—the Fed included a notice with the release stating that data for the week ending March 15 were revised to account for a change in how FDIC bridge banks were incorporated into the community bank data.

Regulation 221

Regulation Community Bank Community Capital 221

American Banker

MARCH 11, 2016

Ray Grace, North Carolina's banking commissioner, believes federal bank regulators should embrace charters for banks dedicated to innovation. Doing so, he said, would help the banking industry secure its spot as a "laboratory for change.".

North Carolina 28

North Carolina Regulation Innovation Security 28

Independent Banker

SEPTEMBER 22, 2015

In June, five federal agencies (including FDIC, Office of the Comptroller of the Currency and the Federal Reserve) announced approval of a final rule that modifies regulations applying to loans secured by properties located in special flood hazard areas. Escrow obligations. Small-lender exception.

Regulation 70

Regulation Policies Community Bank Taxes 70

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. With clearance to move forward with its plans, the community banking landscape will see its first new industry player in years. have emerged to do.

Community Bank 122

Community Bank Community FDIC Marketing 122

South State Correspondent

MARCH 15, 2023

Now, customers and analysts will pay more attention to Loans + Securities-to deposit ratio. Instead of just looking at LTD, investors, and depositors, will now look at loan plus securities to total deposits. Higher cash holdings will now be a demarcation of credit quality. 9) Brand Matters: SVB had one of the best brands in banking.

social media 195

social media FDIC Branding Management 195

Jeff For Banks

SEPTEMBER 10, 2011

Bank of the Ozarks began in 1903 as a small community bank in Jasper, Arkansas, and by 1937, included an additional bank in Ozark, Arkansas. Bank of the Ozarks and their regulators were not so myopic in their view. Bank of the Ozarks has historically been a very good performer as they grew and prior to their recent FDIC deal binge.

Arkansas 67

Arkansas South Carolina FDIC North Carolina 67

Independent Banker

FEBRUARY 24, 2016

Welcome to the Crescent City, where the largest educational gathering of community bankers convenes this month. It’s Community Banking LIVE 2016 in New Orleans. Independent Community Bankers of America. Regulators Luncheon*. For the most current information about Community Banking LIVE 2016. romerorainey.

Community Bank 70

Community Bank Community Innovation Customer Experience 70

Independent Banker

MARCH 15, 2015

in Coldwater, Ohio, and ICBA’s incoming chairman, held fast to his community bank’s conservative lending practices. What concerned me most wasn’t that the customer was upset with me,” recalls Hartings of the homebuyers who ignored his community bank’s cautiously pragmatic approach. “I Jack got us through that just fine.

Ohio 70

Ohio Community Bank Community Lending 70

Independent Banker

AUGUST 26, 2015

Community banks and their customers don’t need to be concerned about the legality of digitally signed documents. Electronic signatures are accepted by banking regulators and meet state standards under the Uniform Electronic Transactions Act. Legal aspects. Electronic signatures became legal with the passage of the E-SIGN Act in 2000.

San Francisco 70

San Francisco Lending System Atlanta 70

Abrigo

FEBRUARY 8, 2024

Takeaway 2 Client fraud education at financial institutions should include takeaways that explain how to protect themselves from phishing and tips for staying secure online. While fraud detection software and robust security measures are essential, educating clients on fraud prevention is equally important.

Fraud 195

Fraud Resources social media Software 195

Abrigo

MARCH 13, 2023

Historic collapse SVB is different from other financial institutions The FDIC closure and assumption of Silicon Valley Bank (SVB) – the largest bank failure since 2008 – is a stark reminder that when a crisis occurs, it can spread as fast as a wildfire in dry fields with a strong wind. Enter interest rate risk.

Strategy 195

Strategy Lending Security Analysis 195

CFPB Monitor

MARCH 10, 2022

The Order sets out the following national objectives with respect to digital assets: consumer and investor protection; protection of financial stability and mitigation of systemic risk; mitigation of illicit finance and national security risks; reinforcement of U.S.

FDIC 148

FDIC National cryptocurrency Leadership 148

Abrigo

SEPTEMBER 14, 2022

2) To enable communities, governmental entities, and creditors to identify business and community development needs and opportunities of women-owned, minority-owned, and small businesses. Those implementing regulations were coming. In fact, it took a lawsuit initiated by a California community group in 2019 to get things moving.

Lending 195

Lending Data Regulation Community 195

Abrigo

DECEMBER 19, 2019

Due to new and emerging technologies, changing regulations, and ever-evolving customer expectations, banks and credit unions across the country are taking an assortment of different strategies to achieve their growth goals in 2020. In 2008, there were 7,061 FDIC-insured commercial banks in the U.S.

Lending 195

Lending Fraud Community FDIC 195

Jeff For Banks

MARCH 29, 2014

It is annual report season, meaning publicly traded financial institutions are finalizing their 2013 numbers and submitting their 10k''s to the Securities and Exchange Commission (SEC). We believe we can effectively compete as a community bank in our market area and the niche markets we serve. Department of Agriculture.

Strategy 102

Strategy Texas San Antonio Fort Worth 102

CFPB Monitor

DECEMBER 16, 2020

The OCC and FDIC should rescind their Madden -fix rules and the OCC should rescind its “true lender” rule. The DOJ, CFPB, and federal banking regulators should prioritize fair lending enforcement. Securities and Exchange Commission. The CFPB should expand the mortgage data required to be collected by HMDA.

Policies 78

Policies Regulation Lending FDIC 78

PYMNTS

FEBRUARY 14, 2019

That’s because it marked the first hearing dedicated to a proposed bill in Congress that would offer financial institutions protections against federal regulators when dealing with legal cannabis operations. The bill would prevent federal regulators from targeting banks that accept deposits from legal cannabis operators.

Oregon 230

Oregon Colorado Operations Washington 230

PYMNTS

FEBRUARY 13, 2019

That’s because it marked the first hearing dedicated to a proposed bill in Congress that would offer financial institutions protections against federal regulators if dealing with legal cannabis operations. The bill would prevent federal regulators from targeting banks that accept deposits from legal cannabis operators.

Oregon 115

Oregon Colorado Operations Washington 115

FICO

DECEMBER 19, 2018

I believe this will slip a few months but by June 2019 the proposed regulations will finally be available for public review and comment. Bank Secrecy Act/anti-money laundering (BSA/AML) regulatory reforms are top of mind for regulators and legislators. AML/BSA Reform Talks Will Intensify but Meaningful Changes Will Have to Wait.

Policies 40

Policies District of Columbia Regulation California 40