PYMNTS

MAY 7, 2020

And often, drilling down into business segments and management commentary provides insight into just how we as a nation are faring, depending on where you look. All eyes may be trained on Wall Street now, and Main Street too as the latest tranche of business lending gets underway.

Maine 141

Maine Online Capital Retail 141

PYMNTS

NOVEMBER 26, 2019

He sees it less as a group and more of a community. Laine says that the company built the community into a place that provides value through content as well as deals. RunLocker , a subscription box service geared toward runners, offers a main item in its box, which is the most valuable product.

Community 161

Community United States Groups Exercises 161

Abrigo

APRIL 28, 2016

Small Business Administration What creates two out of three net new American jobs; produces close to half of our nation’s goods and services (nonfarm private GDP); and can be found, coast to coast, in every small town, big city and rural enclave? Counseling: SBA provides free consultation and advice to help Main Street succeed.

National 150

National San Jose Los Angeles United States 150

South State Correspondent

APRIL 18, 2022

Historically, community banks have relied on net interest margin (NIM) instead of fee income to drive return on equity (ROE). Community banks have overlooked fee income because of the lack of analytics on how fee income translates to revenue and profitability. Historically, hedge fees have mainly been the domain of national banks.

Lending 195

Lending Community Bank Community Comparison 195

PYMNTS

JANUARY 9, 2018

Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index. Here, again, lies another opportunity for community banks to fill the void. INTRUST Bank recently announced it is also taking part in the trend of collaborating with FinTechs.

Community Bank 131

Community Bank Community Fintech Lending 131

Independent Banker

SEPTEMBER 26, 2014

Urban Partnership Bank builds up people and communities. When Urban Partnership Bank in Chicago was born four years ago from the remains of a failed community development institution, its mission was revised and then revived again. Treasury to help serve distressed and underserved communities and consumers. A Special Mission.

Maine 99

Maine Detroit Chicago Community 99

PYMNTS

FEBRUARY 24, 2016

One of the most significant: the health and importance of small businesses, and in particular, the “mom and pop” shops that line the main streets and side streets of our local communities. This quarter’s edition shows what happened, through the end of 2015, to the businesses that keep our local communities thriving and surviving.

Maine 100

Maine South Carolina New Hampshire Capital 100

South State Correspondent

AUGUST 21, 2022

Last week we wrote about loan-level vs. balance sheet hedging for community banks and provided our loan proposal generator ( HERE ). We compared and contrasted the two strategies and sized the market for community banks. A community bank may transact one or only a few balance sheet hedges over many years.

How To 195

How To Community Bank Community FDIC 195

Abrigo

JANUARY 22, 2015

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. Small regional and community banks had a much higher approval rate (90 percent) for those firms classified as “Growers.

Community Bank 150

Community Bank Community Regional Cleveland 150

PYMNTS

JULY 15, 2020

The National Restaurant Association has issued a Blueprint for Restaurant Revival to help stabilize and stimulate the industry, including funding for restaurants and at-risk communities in need of help, according to a press release.

Industry 170

Industry Taxes National Community 170

Independent Banker

FEBRUARY 16, 2015

Nowhere is this more consequential than in the cybersecurity undertaken by the nation’s financial sector, including community banks. As community bankers, we’re learning more firsthand every day how swiftly sharing accurate, actionable and high-quality information has become our best defense in combating cybercrime.

Maine 70

Maine Community Bank Industry Community 70

PYMNTS

AUGUST 9, 2020

In this day and age, it is very important for community financial institutions to be able to compete with their main new competitors – challenger banks and national banks – and have access to the same technology that can be deployed in weeks not years.

Tools 168

Tools Community Bank Community Taxes 168

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. Yet some platforms’ podcast rankings seem to promote podcasts that haven’t put out new episodes in years. Banking Transformed 2.

Community 195

Community Lending Maine Resources 195

American Banker

SEPTEMBER 13, 2016

Camden National in Camden, Maine, is uniting its trust and bank units to form a wealth management division.

Maine 28

Maine National Management Community Bank 28

PYMNTS

JANUARY 23, 2020

Applebaum added that communities of color in New York City are more than twice as likely to lack access to a bank and are less likely to host a branch of a bank than the national average. Praising Torres and the other councilmembers, he said the bill would ensure that everyone can shop or eat at any place in the city.

New York City 236

New York City New York Retail social media 236

PYMNTS

JUNE 16, 2020

They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. In addition, National Cyber Security Alliance Executive Director Kelvin Coleman said in his testimony that Congress “should consider making game-changing investments in cybersecurity awareness and education.”

US 227

US Cyber Security Security National 227

PYMNTS

APRIL 8, 2020

So far, $50 billion across 178,000 loans have been approved according to Larry Kudlow, the director of the National Economic Council. Bankers are pointing to the SBA’s slow computer system as being the main cause of the delays. Further, community banks are nearly out of cash.

Meeting 217

Meeting New Jersey New York Community Bank 217

Independent Banker

AUGUST 31, 2021

This year’s winners: Left: Central Valley Community Bank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional Community Bank Service Award; Right: Cross River Bank, Emerging Service Program Award. Exceptional Community Bank Service Award. Location: Augusta, Maine. Last year was earth-shattering in many ways.

Community Bank 196

Community Bank Community National Fresno 196

South State Correspondent

JANUARY 18, 2023

There are four main reasons why prepayment provisions increase profitability for banks. The first is a step-down, and it is by far the most common prepayment provision used by community banks. It is a standard provision at most national and larger regional banks that offer long-term fixed-rate financing.

Community Bank 195

Community Bank Examples Community How To 195

PYMNTS

APRIL 7, 2020

Recognizing that Main Street is being hard hit by the coronavirus pandemic, Mastercard committed $250 million over the next five years to support small- to medium-sized businesses (SMBs), according to a press release. Mastercard said it will also provide U.S. The programs are free for three months.

New York 167

New York Community Tools Maine 167

South State Correspondent

MAY 23, 2022

Customers and competitors are challenging community banks to extend loan duration – borrowers are eager to lock fixed rates before they rise further, and many competitors are happy to oblige. But what are the optimal fixed terms for community banks given today’s interest rate, credit, and liquidity environment?

Lending 195

Lending Community Bank Community Capital 195

Bobsguide

SEPTEMBER 24, 2018

In 2020 another seismic upheaval looms on the horizon for the European financial community. This time the main players are the European central and national banks. Vision 2020, as the Eurosystem’s T2/T2S Consolidation project is known, sees the technical consolidation of TARGET2 and.

Maine 60

Maine Community National 60

South State Correspondent

JANUARY 22, 2023

In a previous article ( here ), we discussed why commercial loan prepayment protection would be a critical return on asset (ROA) driver for community banks in 2023. We outlined the four main reasons why prepayment provisions increase profitability for banks. However, many community banks cannot hedge all of their commercial loans.

Community Bank 195

Community Bank Community Capital Maine 195

PYMNTS

AUGUST 6, 2019

According to MTrac, its payments platform was developed in cooperation with “the main bank in Louisiana” that plans to provide bank account services to the state’s marijuana-related businesses. The platform will go live the same day the state’s legal medical marijuana market goes live, Tuesday (Aug.

Louisiana 135

Louisiana Payments Taxes Maine 135

PYMNTS

JULY 3, 2020

People’s United Bank, which operates across Connecticut, southeastern New York state, Massachusetts, Vermont, Maine and New Hampshire, recently demonstrated the growing interest of community banks to collaborate with FinTechs to expand their product offering — just as larger national and multinational financial institutions (FIs) do.

Regional 214

Regional New Hampshire Tools Vermont 214

South State Correspondent

JANUARY 4, 2023

Many community banks have an inherent strategic advantage in bringing a new product to market faster than a national bank, yet they squander their position. As a result, national banks are eroding the customer base of the community bank. That market share has come mainly from regional and community banks.

Community Bank 195

Community Bank Capital Training Lending 195

PYMNTS

JUNE 3, 2020

“In the small business community, I would say between 20 to 30 percent of owners would have business interruption insurance. You put everything in your business it’s hard at times to figure out how to afford this,” Ron Willis, founder and president of the National Association of Business Owners and Entrepreneurs told Fox.

Los Angeles 134

Los Angeles New York City Seattle National 134

PYMNTS

JUNE 27, 2019

When small business (SMB) investment marketplace MainVest announced a $3 million Seed funding round last week, it did something that many Main Street SMBs cannot do. Exploring the importance of the small business through the lens of its immediate community is a critical component of promoting education among entrepreneurs.

Capital 145

Capital Community Oklahoma Maine 145

Independent Banker

FEBRUARY 16, 2015

Defining Main Street. When you think of Main Street, you think of community banks, right? As community bankers, we know this to be true, but I can’t help but think what a world this would be if every American also knew this to be a fact. Buhrmaster, Chairman of ICBA. And flourish we will. We all depend on one another.

Community Bank 70

Community Bank Maine Community Industry 70

PYMNTS

AUGUST 12, 2020

In a press release , the company announced plans to offer community banks and credit unions (CUs) its banking technology, which can enable these FIs to more adequately compete against larger banks.

North Carolina 193

North Carolina Fintech Technology Community 193

PYMNTS

OCTOBER 10, 2017

One of the FSB’s 31 regional councils will put forward a no-confidence vote during the national council meeting this week, the publication said, as some supporters express doubt over the Federation’s plans to shake up its membership structure. Additionally, regional branches would not receive funding from the board for running costs, either.

Regional 100

Regional Meeting National Maine 100

CFPB Monitor

MAY 18, 2022

After moving alone in 2020 to reform its Community Reinvestment Act (CRA) regulation, the Office of the Comptroller of the Currency (OCC) has joined the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve Board in issuing a joint notice of proposed rulemaking setting forth proposed amendments to their regulations implementing the CRA.

FDIC 78

FDIC Regulation Community Lending 78

Independent Banker

APRIL 28, 2016

Ruby Valley National Bank is not much different from other community banks, except our risk threshold is probably higher than most. Serving a marketplace with a population of 7,800, where cows outnumber people by five to one, our community bank has developed strong agricultural lending expertise. Ruby Valley National Bank.

Community Bank 70

Community Bank Community National Lending 70

ABA Community Banking

DECEMBER 30, 2014

National bank examiners to focus on tech, cyber security controls Risk Management Operational Risk. 1Risk Management'

Operations 53

Operations Maine Cyber Security Risk Management 53

Abrigo

SEPTEMBER 26, 2014

What’s been mostly out of the mainstream news cycle, though, is the effects of regulation following the financial crisis on the community banks– specifically, credit unions. Dan Berger, the president and CEO of the National Association of Federal Credit Unions (NAFCU). ” The piece was written by B.

Capital 191

Capital National Regulation Risk Management 191

CFPB Monitor

NOVEMBER 20, 2018

With the November 30, 2018 expiration date for the National Flood Insurance Program (Program) looming, industry trade groups sent a letter to Congressional leaders urging Congress to extend the Program. This has already resulted in a series of seven stop-gap extensions and two brief lapses in 2017 and 2018.

Groups 60

Groups United States Maine Policies 60

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.

Community Bank 164

Community Bank Community Texas Leadership 164