Independent Banker

MAY 31, 2022

Community banks have a choice about addressing the problem: Remain vulnerable or be vigilant. Fraud and cybercrimes continue to increase, causing challenges for community banks. But there’s plenty community banks can do to meet this challenge. Fraud and cyber attacks are on the rise, and at great expense to the industry.

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Community Bank Community Fraud Texas 134

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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Community Bank Community How To Meeting 150

Abrigo

MARCH 13, 2020

Key Takeaways In today's uncertain economic climate, community financial institutions must resolve to manage risk and drive growth. Due to its potential adverse effects and risks to the economy, the Fed issued an emergency 50 bp interest rate cut. The coronavirus has sent shockwaves through the markets around the globe.

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Community Lending Analytics Survey 195

Abrigo

DECEMBER 11, 2014

In September, the Office of the Comptroller of the Currency (OCC) published final guidelines designed to “strengthen the governance and risk management practices of large financial institutions.” While the final guidance clearly applies to larger financial institutions, community banks should still take note.

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Community Bank Community Guidelines Risk Management 207

Abrigo

APRIL 22, 2024

Small business lending is also a prominent line of business for many financial institutions, especially those driven by a mission to help their communities thrive. At the same time, 59% pursued credit to meet operating expenses. Dynamic market Small business lending by banks & credit unions Small businesses are a pillar of the U.S.

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Lending St. Louis Community Marketing 243

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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Community Bank Community Lending Louisiana 144

Abrigo

DECEMBER 22, 2023

Takeaway 3 Updates on interest rate forecasting and best practices for managing CRE risk were among the most-read blogs. Abrigo's most popular risk management blogs over the last 12 months cover topics that continue to catch the attention of professionals and regulators. Which credit areas need routine "maintenance"?

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Abrigo

MAY 8, 2024

Seeing generative AI use cases can help bankers, risk managers, and financial crime professionals better understand it. They can more easily consider how to harness genAI's power to enhance their operations, compliance, risk management, and member or customer experience.

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Examples Fraud Resources Risk Management 221

Independent Banker

DECEMBER 1, 2021

For community banks who are known for putting their customers first, this could be an area of concern. However, data from PwC shows that community banks are finding complementary partnerships that evolve their operations and the service they provide customers. How to choose the right FinTech partner.

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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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Data How To Community Bank California 91

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. In this blog, we would like to explain the building blocks of FTP and how FTP can help community banks price loans and think about effective profit allocation.

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Community Bank Community Examples Management 195

PYMNTS

MARCH 12, 2020

But the latest initiatives reveal a growing interest in transforming internal processes, particularly among smaller banks looking to upgrade their core infrastructure and elevate small business lending operations. Equiniti Eyes APIs for Risk Management. Hawthorn River Eyes Open Banking for Community FIs.

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Lending Risk Management Fintech Community 194

Gonzobanker

FEBRUARY 23, 2022

Early adopters are earning prestige while investors and a hoard of community banks explore the opportunity to tap into this new source of revenue. However, if BaaS is ever going to enhance shareholder value, bankers need to ensure they have the strategic focus, operational savvy, and execution commitment to do it right.

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Community Bank Strategy Risk Management Fintech 118

Independent Banker

NOVEMBER 30, 2022

Stacy Watkins (left), president and CEO, and Hilary Nelson (right), senior vice president and director of operations and compliance, at the Las Vegas Strip. When it comes to supporting outliers in the Las Vegas community, Lexicon Bank knows how to play its cards. Photo by Sammy Tillery. By Tom Groenfeldt. Name: Lexicon Bank.

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Las Vegas Community Bank Community Wisconsin 129

Abrigo

APRIL 19, 2016

In the paper, the OCC defined responsible innovation as: The use of new or improved financial products, services, and processes to meet the evolving needs of consumers, businesses, and communities in a manner that is consistent with sound risk management and is aligned with the bank’s overall business strategy.

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Innovation Fintech Risk Management Community Bank 150

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S.

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Community Lending Maine Resources 195

ABA Community Banking

JANUARY 7, 2019

Success can vary based on perspective, here are a few ways to gauge the performance of your customer swap program Business Credit Bank Performance Feature Management Lines of Business Risk Management Risk Adjusted Performance Customers Operational Risk Rate Risk Community Banking Feature3 Commercial.

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How To Risk Management Community Bank Community 40

South State Correspondent

JUNE 13, 2022

Banks that are looking to enhance their risk management practices should consider incorporating the concept of the velocity of risk into their enterprise-wide risk management practices. Some risks occur slowly; others strike quickly and hard. Optimizing Risk. Consider the risk above.

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Risk Management Examples social media Management 195

Gonzobanker

NOVEMBER 2, 2023

In the throes of managing balance sheets and loan portfolios and at the same time executing daily “run the bank” operations, bankers are faced with the need to continuously develop new customer experiences and scale enterprise capabilities. And, quite frankly, they’re struggling.

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Leadership Industry Management Resources 155

Abrigo

SEPTEMBER 23, 2020

But while this year’s tumult has meant long hours for many bankers, it has also created openings to solidify relationships with borrowers and address the needs of communities in which financial institutions operate, said Regan Camp, Managing Director of Abrigo’s Advisory Services. “We Credit Risk Management.

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Management Lending Risk Management Community 195

South State Correspondent

JUNE 22, 2023

In the last article, we covered the basics of EOS ( HERE ), the Entrepreneurial Operating System, and how some banks use it to improve productivity. EOS comprises a series of tools and concepts that guide leaders in managing and optimizing their operations. The L10 Meeting is a core part of the EOS.

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Tools Meeting Leadership Management 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. According to PWC , rising prices can have substantial implications on fraud risks. The downturn in the economy has undoubtedly affected fraud statistics as well.

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Fraud Training Trends Compliance 195

Abrigo

JUNE 5, 2015

Sorrentino says, “As the backbone of the US economy, our nation’s growth depends on community banks figuring out how to operate in this ever-increasing regulatory environment. From a governing body’s standpoint, stress testing builds confidence in a bank’s overall risk management strategy.

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Risk Management Community Bank Regulation Survey 150

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

JUNE 7, 2021

Banks and credit unions that continue to use their ALM models to manage risk and plan strategically during the projected recovery will generate sustainable earnings that allow them to maintain capital to grow, add shareholder return, or continue bringing value to their communities in other ways. Which risks does ALM address?

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Management Risk Management Capital Regulation 195

Abrigo

APRIL 15, 2022

ALM & Measuring Liquidity Risk at Banks and Credit Unions Regulatory agencies expect financial institutions to manage liquidity risk using processes and systems commensurate with the complexity, risk profile, and scope of operations. What events could jeopardize our operational liquidity?

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Management Meeting Risk Management Operations 195

Abrigo

OCTOBER 20, 2020

Learn how to support company culture and hiring long-term talent. The banking industry has faced many challenges in 2020, from transitioning to CECL, managing Paycheck Protection Program loans, and navigating an unprecedented economic recession. Plan for new technology and innovations. Drive Growth. learn more.

Management 195

Management Lending Community Strategy 195

ABA Community Banking

JANUARY 17, 2019

Fraudsters, are becoming aggressive and sophisticated like never before Feature Compliance Risk Management AML & Fraud People Compliance Management Operational Risk Compliance/Regulatory Cyberfraud/ID Theft Consumer Compliance Feature3.

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Fraud Compliance Risk Management How To 40

ABA Community Banking

FEBRUARY 11, 2019

Feature Technology Risk Management Outsourcing/Cloud Tech Management Security Operational Risk Cyberfraud/ID Theft Feature3. It’s been one year since Equifax and has anything changed?

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Risk Management How To Data Security 40

Abrigo

APRIL 1, 2015

A recent Wall Street Journal article by Victoria McGrane and Jon Hilsenrath highlighted how the nation’s regulators are increasingly questioning and turning their focus toward bank boards. Lynn McKenzie and Edmund Green of KMPG recently contributed an article to Bank Director on how boards can challenge their banks’ management on risk.

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Risk Management Community Bank Regulation Boston 150

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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Fintech Community Regional Technology 194

Gonzobanker

MARCH 22, 2023

Here are seven key areas where bank executives need action plans to address burning challenges: Communication – Bankers have been working to calm their customers and community, but the quantity and quality haven’t yet met the standard in an always-on social media world where the public is sniffing for transparency and authenticity.

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social media Capital Risk Management Strategy 78

Abrigo

JULY 25, 2022

You might also like this webinar, "How to Position Yourself for High-Yielding Ag Loan Growth." Designing ag lending and credit operations for growth help meet customers’ or members’ needs more efficiently, with less stress on institutional resources, and most importantly, with the best experience for farmers and ranchers. Loan Pricing.

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Lending Kansas City Kansas Resources 195

PYMNTS

APRIL 9, 2020

So how to fix the log jam. Fix Number One: Close The Communications Loop . The problem for bankers right now, Speight explained, isn’t just that there isn’t enough information, but that there is a lot of disorganization in how information is provided. “I think they’re missing a step there in Washington,” Edwards said.

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Lending Capital Washington Risk Management 285

Gonzobanker

JUNE 26, 2020

Meanwhile, bank and credit union customers are learning, by necessity, how to access their accounts, sign critical documents and close on loans without going to a branch. Today, most cloud providers that operate in financial services have Class 4 data centers. Contact John Venzon for more information on how to get started.

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Survey Exercises Guidelines Operations 158

Gonzobanker

DECEMBER 22, 2020

Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. And how did community banks and credit unions respond to the COVID craziness? Jill is continually demonstrating just how loud a $300 million community bank can roar!

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Idaho Community Industry Strategy 172

South State Correspondent

MARCH 15, 2023

While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate risk management. While interest rate risk caused the most significant impact on value, several other factors contributed to the terminality of each bank that was closed.

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social media FDIC Branding Management 195