Jeff For Banks

JANUARY 14, 2021

In June of 2008 I gave a speech titled "The Death of the Community Bank" and in that speech I made predictions. Much like the General Store fell victim to the supermarket and the lumber yard fell victim to Home Depot, I predicted the community bank that did not pick targeted customer niches or develop product expertise will meet it's doom.

Community Bank 130

Community Bank Community FDIC Strategy 130

Independent Banker

MARCH 31, 2022

A secure, open-loop, cost-saving, customer-accessible, multiplatform P2P payments network might sound too good to be true, but community bank consortium Alloy Labs Alliance hopes to achieve just that with the CHUCK payment rail. A different kind of peer-to-peer payment service is now available, “built by community banks for community banks.”.

Community Bank 91

Community Bank Community Payments Meeting 91

American Banker

NOVEMBER 8, 2023

The National Credit Union Administration approved the Young Community Federal Credit Union to begin operations in Kentucky soon. An organization in Maryland is shooting for a 2024 opening.

Maryland 81

Maryland Kentucky Groups Community 81

PYMNTS

MARCH 3, 2020

With a round led by ACA Investments, comparison shopping platform iPrice Group has notched $10 million in Series B funding. The round also came with participation from Daiwa PI Partners as well as returning investors Asia Growth Fund, Mirae Asset-Naver, and Line Ventures, according to reports.

Groups 130

Groups Comparison Online Community 130

Perficient

DECEMBER 15, 2020

As a leading digital consultancy with more than 4,500 global colleagues, Perficient is committed to expanding the expertise of each colleague and creating more opportunities for career growth in the communities where we live and work. Tom Hogan, Chief Operating Officer, Perficient. Perficient’s people define our success.

Detroit 520

Detroit Community Training Industry 520

PYMNTS

APRIL 12, 2019

Community banks are voicing their frustration with what they say is a lack of competition in the market for corporate bank technology providers, reports in The Wall Street Journal said Thursday (April 11). Community banks say their services are often too expensive and can sometimes be delayed.

Community Bank 123

Community Bank Community New Jersey Fintech 123

PYMNTS

AUGUST 9, 2020

CHAMPS Group Purchasing is partnering with Procurement Partners , which works in procure-to-pay (P2P) solutions, to provide a new service for suppliers, a press release says. In addition, CHAMPS’ vendor community will be offered faster invoicing processes to make sure they’re streamlined and consistent month to month.

Groups 146

Groups Compliance Software Community 146

FICO

JULY 15, 2021

But thanks to nonprofit organizations like Operation HOPE — which collaborates with financial institutions, corporations, municipal agencies, and community organizations to help low- and mid-income Americans achieve financial independence — credit education is available more widely than ever before. Unfortunately, the U.S.

Operations 98

Operations National Community Analytics 98

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

MAY 10, 2020

The letter said the businesses, many operating on thin revenues already, won’t just be able to bounce back after things reopen — many will be in dangerous waters and will take more time to recover. And many operators have said that constant cleaning of tables and surfaces would diminish atmosphere and take up too much time.

Groups 160

Groups Retail Operations Community 160

Gonzobanker

MARCH 6, 2020

Addressing common loan and deposit operations process inefficiencies can help financial institutions deliver optimized value to customers and stockholders. In recent years, many financial institutions have been focused on improving their digital delivery capabilities, often at the expense of their operational groups.

Operations 93

Operations System Groups Technology 93

PYMNTS

SEPTEMBER 22, 2019

Paul-based Matchstick Ventures raised $30 million in a second seed funding round led by Foundry Group, reports said on Friday (Sept. We’ve co-invested and served on boards with them and [Foundry Group Managing Director] Seth Levine has been an official advisor to Matchstick since inception. Minneapolis-St.

Groups 101

Groups Minneapolis San Francisco Denver 101

PYMNTS

JULY 7, 2020

“While well-intended at the time, conflicts stemming from local law enforcement agencies applying their own interpretations of conflicting state and local mandates forced retailers to shift valuable time and resources away from store operations. Wearing a mask is not about fear, and it certainly should not reflect one’s politics.

Retail 151

Retail Groups social media Policies 151

PYMNTS

JUNE 18, 2020

The London-based trade group for Europe’s ePayments community is waiting for the European Banking Authority , the European Union (EU) banking regulator, to provide the 27-nation bloc with an update on Strong Customer Authentication (SCA). Vendorcom wants answers.

Groups 131

Groups Regulation Fraud Security 131

South State Correspondent

FEBRUARY 20, 2023

Community bankers need to understand their competitive landscape. Who the competition is, what the lending competition is offering, their delivery channels, and service levels can help community banks differentiate their services and enhance their competitive advantage.

National 195

National Lending How To Community Bank 195

PYMNTS

OCTOBER 19, 2020

billion for a controlling stake in the hypermarket operator Sun Art Retail Group , Alibaba said in a statement on Monday (Oct. In 2017, Alibaba also formed an alliance with Auchan Retail and Ruentex Group to digitize and launch retail solutions at Sun Art stores such as omnichannel integration and customer personalization.

Online 231

Online Retail Groups Operations 231

Abrigo

MAY 8, 2015

In recent months, the momentum around reducing the regulatory burden on the nation’s community banks has continued to gain steam. However, the regulatory landscape continues to evolve, leaving resource-constrained community banks to cope with new demands. The second idea is community bank exemption from the Volcker Rule.

Community Bank 150

Community Bank Community How To Meeting 150

CFPB Monitor

JUNE 13, 2022

Critics of big banks wrote in support of the concept that the FDIC consult with the CFPB on merger applications, one group even going so far as to say the CFPB should have the authority to prevent a merger.

FDIC 78

FDIC Groups Community Meeting 78

Independent Banker

JANUARY 31, 2022

These community banks are working to fix that through microlending programs. Now, some community banks are launching microlending programs to redress the balance. These groups include small businesses owned by minorities, women and veterans, as well as businesses located in low-income areas. By Beth Mattson-Teig.

Lending 150

Lending Community Community Bank Compliance 150

Independent Banker

JULY 31, 2022

The Social Bankers, a collective of community bank marketers, offers inspiration, information and professional development advice to community bankers focused on marketing and social media. The group has a Slack channel, monthly video meetings and a new open-to-all Facebook page. Illustration by miakievy/iStock.

social media 224

social media Trends Community Groups 224

Jeff For Banks

NOVEMBER 4, 2022

If the median size credit union from the $1B-$10B group I analyzed achieved the bank versus the credit union expense ratio, the CU would make $11.8 million is somehow benefiting one of the other three stakeholders: employees, customers, or communities. Look no further than their expense ratio (non-interest expense / average assets).

Operations 78

Operations Analysis Capital Community 78

PYMNTS

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? In late July, the Federal Reserve Faster Payments Task Force released its much-anticipated report on how to strengthen and operate the U.S. faster payments system. In a recent blog post , Giorgio pointed out that baby boomers make an average of 9.1

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

SEPTEMBER 25, 2020

The grants are part of the San Jose, California-based worldwide online payments system’s $530 million pledge made earlier this year to strengthen minority communities and fight for economic equality and racial justice. “To In addition to the donations, PayPal employees volunteered to work with these nonprofits.

San Jose 261

San Jose Baltimore Nebraska Community 261

Perficient

DECEMBER 16, 2020

Perficient being a leader when it comes to giving back to the community, amongst its many such initiatives and as a one more feather in the cap, enabled the Make a December Difference – A Campaign of Kindness. Cataract Operation sponsorship. What’s new in it? Laptops to government educational institution.

Resources 508

Resources Groups US Operations 508

Abrigo

DECEMBER 22, 2023

download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2023. Takeaway 3 Articles specific to small community banks were among the most-read blogs, with best practices for construction lending at the top of the list.

Lending 221

Lending Risk Management Community Management 221

PYMNTS

MAY 26, 2020

The owner/operator of 85 shopping centers in California, Colorado and Illinois said shoppers are returning to recently reopened malls, but they’re not lingering, according to a CNBC report. The heart of our communities [and] shopping centers are small businesspeople.”.

Groups 205

Groups California Colorado Illinois 205

PYMNTS

MAY 4, 2017

In his prepared remarks, CEO Mark Zuckerberg called out two main areas of focus: connecting communities and combating the fake news and violence that has taken center stage of late. “In Now, with that foundation, our next focus will be on building community.

Community 100

Community Video Tools Maine 100

Independent Banker

APRIL 30, 2022

Community bankers are embracing innovation like never before—with impressive results. But with so much emphasis placed on customer-facing products and technologies, innovating back-office operations can fall to the bottom of the priority list. Unbundle your end-to-end operations and conduct a SWOT analysis. Minimizing friction.

Innovation 91

Innovation Community Bank New York City Community 91

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. Exciting things to come!

Community Bank 78

Community Bank Community Minnesota Metro 78

PYMNTS

MAY 7, 2018

Whether robots will take our jobs or take over the mundane tasks for humans to shift to more strategic operations, one thing is for sure: Automation is changing the workforce. Seventy-nine percent of small businesses agree that automation frees up time , allowing them to be more productive in growing their business.

Community 117

Community Big Data Survey Tools 117

PYMNTS

MARCH 19, 2020

Simon Property Group is temporarily shuttering its U.S. David Simon, chairman, chief executive officer and president of Simon, said in the announcement , “The health and safety of our shoppers, retailers and employees is of paramount importance and we are taking this step to help reduce the spread of COVID-19 in our communities.”

Retail 130

Retail Operations Groups National 130

South State Correspondent

OCTOBER 10, 2022

Over time FTP was further advanced to allow management to measure and manage credit, interest rate, liquidity, and operational risk across business units. However, over the years, there has been considerable debate at community banks on how to implement the principles of FTP to various balance sheet accounts like loans and deposits.

Community Bank 195

Community Bank Community Examples Management 195

PYMNTS

DECEMBER 8, 2020

The letter included findings from a new National Restaurant Association Research Group survey that revealed a steep industry decline that will only get worse if a relief package isn’t passed soon. The survey included 6,000 restaurant operators and 250 supply chain businesses Nov. Some 16 percent were open 30 years or more. .

Industry 226

Industry National Survey Operations 226

PYMNTS

MAY 22, 2020

Put forth by a consortium of Philadelphia-area advocacy groups and academics, a Regenerator is a kind of public-private partnership that will coordinate available resources and find new ones to help individual businesses survive. “As Cincinnati, for example, already has a Regenerator-type organization called Cintrifuse.

Maine 138

Maine Philadelphia Community Groups 138

Perficient

OCTOBER 26, 2020

The MCWT Foundation is a non-profit dedicated to inspiring girls and women in technology by encouraging, advancing, and retaining women in Michigan’s tech community.

Michigan 493

Michigan Technology United States Leadership 493

PYMNTS

DECEMBER 14, 2020

He added that the two companies are stronger together and in a better position “to support our customers and drive economic growth in the communities we serve.” . The newly-combined company will operate under the Huntington name and brand. billion deal with CIT Group as well as BB&T Corp. and SunTrust Banks.

Detroit 237

Detroit Minneapolis Regional Community 237

PYMNTS

OCTOBER 13, 2020

An operating system that has been active for a minimum of three years, Tron , recently issued a DeFi token. Tron Founder Justin Sun rolled out the Sun Genesis Mining meme token “to promote the vigorous development and possibilities of TRON’s DeFi self-governance community,” according to a blog post, as noted by Bloomberg.

Bitcoin 196

Bitcoin Cyber Security Groups Community 196