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These resources on interest rate risk, liquidity, and CECL got the most downloads in 2023

Abrigo

Here are Abrigo’s top banker resources related to managing ALM and portfolio risks: Click the header next to each number to visit the corresponding top banking risk resource. A CECL prep kit was also popular. It covered the significant ways banks and credit unions measure interest rate risk and manage liquidity risk.

Resources 221
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Lenders Getting Ready for Second Round of PPP Funding

Abrigo

As lenders awaited word Thursday on final approval of $310 billion in new authorizations for the Paycheck Protection Program (PPP), they had as many questions as answers about program guidelines. My best estimate is that if he signs today, it will be available the next day,” he said. There is no queue,” he said.

Lending 221
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4 tips for better vendor management

Independent Banker

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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How Lenders Can Prepare for The New SBA 7(a) Paycheck Protection Program

Abrigo

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.

Lending 221
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Budget Surplus? 5 Ways to Invest in Your Financial Institution with This Year’s Excess Budget

Abrigo

Takeaway 3 Signing up for 2022 conferences is another smart use of surplus budget funds, because some events are offering early-bird discounts. Indeed, deposit levels to transaction accounts among community banks exploded 74% to $896.5 31, 2019, and June 3, 2021, according to the Community Banking in the 21st Century report.

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The Miserable State of Cash Management Vendors

Gonzobanker

My heart goes out to the hard working professionals who run the Treasury Services or “Cash Management” divisions at community banks. It’s not always pretty, but these bankers have learned to package their offerings with duct tape and wire and land the latest big new deal with a health care group, municipality or homeowners association.

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Cannabis Banking in Illinois: Mitigating Reputation Risk to Financial Institutions

Abrigo

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?

Illinois 195