South State Correspondent

MARCH 16, 2022

To make it into the podium, bankers must not only understand how to work with structural components but how to position them for the most efficient application of the creation of value. In this article, we focus on prepayment provisions and look at how a past gold medal winner does it. This is by far the most common provision.

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Independent Banker

NOVEMBER 30, 2021

Premium benefits packages, professional development and TLC during the pandemic—this year’s winners do everything in their power to keep their community bankers happy and fulfilled. We asked both leaders and staffers to tell us what makes their community banks stand out as employers. Key Community Bank: Leading by example.

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PYMNTS

JANUARY 25, 2021

The National Retail Federation ’s annual convention may have come and gone but the sentiments, strategies and lessons learned from facing nearly a year of pandemic-led changes by some of the world’s largest merchants are going nowhere fast — especially when it comes to their embrace of increased digitalization.

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Community Retail Strategy National 269

Perficient

JULY 16, 2020

Three leading organizations — Salesforce , Perficient , and The Chartis Group — have come together to share bright spots within the healthcare community that can point the way to building the necessary capacity to adapt. The New Challenge: Creating A Pluralistic Clinical Operating Model.

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Operations System United States Video 309

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.

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Independent Banker

DECEMBER 31, 2021

Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. How long is your to-do list? Janet Silveria, Community Bank of Santa Maria. So, what’s at the top of community bank leaders’ to-do lists?

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South State Correspondent

FEBRUARY 18, 2024

We recently reviewed a loan term sheet from a national bank for a $13mm commercial real estate (CRE) loan. This particular national bank has the ability to offer the borrower an interest rate hedge or an on-balance sheet fixed-rate loan. The loan leverage ratio is 10.83 (total debt divided by net operating income (NOI)).

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Management National Guidelines Capital 195

Independent Banker

DECEMBER 1, 2021

Additionally, a recent survey by FIS shows that 37% of consumers began a new banking relationship with a major national or global bank that had a well-established online portal in the past 12 months. For community banks who are known for putting their customers first, this could be an area of concern. Benefits of FinTech partnerships.

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Community Bank Community Fintech Guidelines 91

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. How to reassure customers that their data is protected. By Katie Kuehner-Hebert. Bob Hickok, Eide Bailly.

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Abrigo

MAY 8, 2024

They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience. That’s equivalent to 9% to 15% of operating profits, the report notes. That compares to 39% of global or national banks with more than $10 billion in assets.

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South State Correspondent

NOVEMBER 29, 2023

One of the lessons that was driven home at the recent American Banker Small Business Banking Conference in Nashville was the difference in marketing between large national banks and community banks, particularly deposit marketing. ” This article explores the recency trap and discusses how to prevent it.

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South State Correspondent

SEPTEMBER 20, 2023

The value driver in cash management is that it is usually some sort of operating account at the bank. As such, operating accounts have low-interest rate sensitivity. We have also included the IBIS World 2024 risk ratings to provide some context for the credit and operating risk of the counterparty.

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South State Correspondent

AUGUST 22, 2023

The opportunity for the product is that for an average community bank, 83% of their commercial, non-profit, and municipal customers are NOT using treasury management services. For $6, a community bank can garner a lead that has an average of 9% probability of converting with over $33k per year in value.

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Management Community Bank Survey Community 195

Independent Banker

JANUARY 31, 2022

Southern Bancorp partners with other community banks to increase loan accessibility and financial literacy to low-income customers. As CEO of Southern Bancorp, Darrin Williams wants to promote relationships between community banks and CDFIs to create more prosperous communities. Better serving its communities.

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Community Bank Community Leadership Arkansas 172

South State Correspondent

MARCH 21, 2023

The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects.

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South State Correspondent

MAY 9, 2022

In our previous article ( HERE ), we reviewed the banking industry’s cost of funding earning assets (COF), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle. How to Apply to Your Bank. Influences on Deposit Beta.

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Independent Banker

SEPTEMBER 30, 2021

Changing customer banking habits means it’s more important than ever for community banks to use every tool at their disposal. Community banks may have longstanding relationships with their core vendors, but that doesn’t always mean they keep up to date on all the latest features and functionalities. Mike Daniels, Nicolet National Bank.

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Abrigo

MAY 5, 2022

Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S. Main Street Banking: A Podcast for Community Bankers 8. It also examines how community banks are different than other types of financial institutions, along with strategies for optimal operations.

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South State Correspondent

DECEMBER 8, 2023

The need to reduce cost, the move to instant payments, and the need to deliver more unique products and services are all driving this effort at credit unions, community banks, and mid-sized banks. However, banks differed in how to get there. Many banks were looking to install more automation to lower operating costs.

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South State Correspondent

MARCH 6, 2023

Credits will deteriorate much faster if an economic downturn stresses net operating income (NOI). We argued that community banks should favor 1.40X to 1.50X DSCR credits, as that is the minimum cash flow required to withstand a standard recession. debt yield ratio ($135k divided by $1.5mm).

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Perficient

JANUARY 28, 2021

How to Avoid a Phishing Scam. You can get involved at home, at work, and in your community. Learn more about Data Privacy Day , including Privacy Tips for Parents and the chance to quiz yourself with the National Privacy Test and Google Phishing Quiz. Never Reuse a Password: Or else your hard work is for nothing.

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Data Security Software Community 535

South State Correspondent

JANUARY 4, 2023

In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. To improve the quality of their earnings, banks need their number one focus to be on making their operations more efficient. To the extent projects improve operating leverage and the total experience, so much the better.

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Community Bank Capital Lending Training 195

Abrigo

NOVEMBER 17, 2023

While some of the recent trending fraud schemes are not new, they have been transformed to prey on communities already dealing with unprecedented times. This , of course , doesn’t include fraud losses that were not filed due to the victim's embarrassment or lack of knowledge on how to report. That equates to $35 billion annually.

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Fraud Training Trends Compliance 195

PYMNTS

AUGUST 6, 2019

“Louisiana represents a special market for MTrac,” said the firm’s Chief Compliance Officer Jason LeBlanc in a statement, who added that MTrac’s payments platform makes Louisiana “the first state in the nation that will not be subjected to the cannabis industry’s all too common ‘cash only’ environment.”.

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Louisiana Payments Taxes Maine 135

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. We are in awe. Seriously in awe.

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Jeff For Banks

DECEMBER 15, 2013

On the surface, this looks good for a branch that might cost $600 thousand per year in operating expenses. What about paying for that army of operations, IT, compliance, finance, and executives back there at home office? have locally run social media accounts that focus communication with people in very small geographies.

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MyBankTracker

JUNE 23, 2020

Beyond the potential for growth, sustainable investing looks for businesses that operate sustainably, for example, by minimizing the amount that they pollute or that work to resolve social issues. Many large companies focus solely on profit, ignoring how their actions can have a negative impact on the wider world. Related Articles.

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PYMNTS

MARCH 11, 2016

Criminals, for example, like the Czech national Thomas Jiikovský, who pled guilty to operating a $150 million Ponzi scheme in what is believed to be the first bitcoin securities fraud case. That’s led law enforcement to realize how cryptocurrency and its rich data can help them trace the bitcoin trail.

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Bitcoin How To Pennsylvania blockchain 100

Independent Banker

OCTOBER 31, 2022

AI can help solve customer pain points—but does it mean community banks will lose the personal touch they pride themselves on? As community bankers themselves tell us, the answer is no. How can AI accomplish this? Many orphaned accounts sit inside community banks,” says Carson Lappetito, president of $2.5 Quick Stat.

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Community Bank Community Customer Experience Data 91

Gonzobanker

JULY 20, 2022

financial institution executives surveyed for What’s Going On In Banking 2022 , 19% of community banks and 10% of credit unions had not launched a digital transformation strategy prior to this year, and another 15% had no plans to do so. A successful digital product manager knows how to bring order to the chaos of digital transformation.

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Digital Strategies Strategy Leadership Customer Experience 173

PYMNTS

SEPTEMBER 26, 2019

Advanced technology is raising the stakes of how CUs should operate, with members now demanding the instant payments and slick mobile interfaces that large banks and FinTechs have made standard,” the Tracker stated. But it can also be in the broader small business community. Favorable Regulations. The SMB Loan Opportunity.

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Lending Community Bank Community Fintech 108

South State Correspondent

MAY 31, 2023

Despite that increase in profitability, banks need to be mindful of how they manage their branch and customer base to increase profitability further. The operative question is: given online and mobile banking, what is the new role of the branch? Branching is expensive – banks need to use the asset wisely.

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Data Branch Strategies Strategy Mobile 195

Abrigo

SEPTEMBER 3, 2021

In addition, as the nation has seen global cyber threats, particularly from North Korea, Russia, and Iran, the Office of Foreign Assets Control (OFAC) also issued an advisory related to cyber-abled crime. Start with Part 1: Implications for Community Financial Institutions. How to prevent cybercrime. Monitoring Cybercrime.

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Training Software Fraud Security 195

PYMNTS

APRIL 14, 2020

Gig workers’ rights and benefits — including healthcare and access to unemployment — have become key topics debated by regulators in th e United States as they work to figure out how to provide support. Another change to the freelancer community in the U.S. How The Pandemic Is Impacting Business Regulations.

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Abrigo

APRIL 18, 2020

Camden National Bank in Camden, Maine, told customers on its website, “Unfortunately, the SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding. How to be ready for new PPP funding. We were hitting our stride as the money ran out,” Bates said.

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Abrigo

AUGUST 9, 2019

Modernization of the Community Reinvestment Act. Banks and credit unions must learn about these upcoming changes, adjust for them, and meanwhile continue to operate their existing institutions and meet customers’ needs while following all of the regulations that come with being a financial institution.

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Management Conference Lending Training 150

PopularBank

MARCH 27, 2020

As we continue to navigate the ongoing situation surrounding coronavirus/COVID-19, we remain committed to acting in the best interest of you – our team members and communities. Branch Operating Hours and Potential Branch Closures. Your health and safety are our top priority during this time. We have enhanced our cleaning efforts.

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