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.

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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.

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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. He added that the FSB’s leaders are gradually consolidating power to its board of directors.

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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.

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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.

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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.

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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.

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PYMNTS

OCTOBER 16, 2019

In regard to big national banks, or even regional banks, he said, that rule makes some sense. The intention is to prevent a variation of digital red-lining — wherein FIs can use known data about certain ZIP codes and regions as a proxy for screening data they are explicitly not allowed to use to exclude certain types of borrowers.

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Independent Banker

MAY 24, 2016

For example, the accounting standard will now be crystal clear that community banks can forgo certain unnecessary or inappropriate disclosures. They avoid what otherwise would have become seriously unworkable accounting requirements for community banks. Everyone contributed to this crucial victory. We must stay on point.

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PYMNTS

NOVEMBER 9, 2017

Needless to say, the nation’s small banks and their representatives are less than wholly thrilled. Mixing banking and commerce is a bad idea that keeps recurring like a bad dream,” said Paul Merski with the Independent Community Bankers of America.“It’s The proposal by the OCC was made at a banking conference in New York.

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Independent Banker

OCTOBER 29, 2014

Early Air Force service prepared the way for community banking in California. military personnel in the region. I reluctantly agreed to call the number in the ad and, to my surprise, was granted an interview and soon hired as the first management trainee for American National Bank, a small community bank headquartered in Bakersfield.

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Independent Banker

FEBRUARY 24, 2016

New inspirations, fresh experiences await at ICBA’s national convention. Welcome to the Crescent City, where the largest educational gathering of community bankers convenes this month. It’s Community Banking LIVE 2016 in New Orleans. Independent Community Bankers of America. State/Regional Partners Reception*.

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Independent Banker

DECEMBER 28, 2015

Meanwhile, Clark says, partnering with a local celebrity can be an effective marketing strategy for community banks to compete with national or regional banks. You’ve got to do something to set yourself apart from regional banks,” he offers. “It You will see that return come in.”.

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PYMNTS

MAY 18, 2018

Baseball is a game, a beloved game adored by a nation whose citizens have been going to the park in one capacity or other since at least 1791. Which means in these early days, FIS and their collaborators at the MiLB have three main priorities. Minor league parks often have something of a unique relationship with their communities.

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PYMNTS

JANUARY 31, 2019

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. With clearance to move forward with its plans, the community banking landscape will see its first new industry player in years. have emerged to do.

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PYMNTS

JULY 1, 2016

Like Lendingkart, Five Star said it would use the funding to expand across India, focusing on the southern region of the country, reports said. Small business accounting software startup Smacc is one reason why the country is so attractive to the FinTech startup community. and move elsewhere in the European Union, mainly Germany.

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American Banker

SEPTEMBER 25, 2016

The wholesale unit's two main business lines are national corporate banking and global treasury management and Godridge, who joined U.S. Bancorp wouldn't have much of a wholesale banking business without Leslie Godridge. Bancorp in 2007, has been the driving force in the growth of both.

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CFPB Monitor

APRIL 22, 2021

The agencies are the Comptroller of the Currency, Farm Credit Administration, FDIC, Federal Reserve Board, and National Credit Union Administration (Agencies). Recently, federal agencies proposed revisions to the Interagency Questions and Answers Regarding Flood Insurance.

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South State Correspondent

APRIL 24, 2022

However, some community banks are still deciding on the correct term lending index to adopt. We believe that having more options for community banks is beneficial. Community banks have used overnight indices such as Fed Funds and Prime for decades, and those are not going away. Considerations For Choosing A Term Lending Index.

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MyBankTracker

FEBRUARY 2, 2021

However: There are many exclusions, caveats, and restrictions you should be aware of on these policies as you seek to insure a property in a hurricane-prone region. Wind damage can also affect power lines and knock out power grids in an affected region for days, weeks, or even months. States with Hurricane Deductibles. Connecticut.

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American Banker

AUGUST 28, 2016

The "Culture Club" at Machias Savings Bank is not a group of '80s music fans. It's a committee — made up mainly of people who work in its human resources and marketing departments — that oversees the bank's employee engagement initiatives, including its new Culture Champion program.

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PYMNTS

APRIL 4, 2018

Though the firm always enters with a core funnel of workers who are ready to start accepting work on demand, they have begun recruiting in the business community earlier and with greater specificity. So they modified their strategy somewhat as they entered markets. Who Uses tilr Today (And What’s Next for Tomorrow).

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FICO

AUGUST 3, 2022

We in the audience were fascinated by the different fraud schemes and scams that Ulisses and Kerem shared from their regions, with Julie pointing out that a surge of new mobile banking users during the pandemic created ripe conditions for fraudsters. I Got Around – and Checked out the FICO World Innovation Center. Fun, Fun, Fun.

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PYMNTS

OCTOBER 24, 2017

Whether it’s fitness, eating establishments or even building contractors, the number of Main Street storefronts is increasing, and Q2 2016 sees these trends continue to bear out. regions are growing, not all of them are growing at the same rate. That said, some regions are still doing better than others. And while all U.S.

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Alex Jimenez

APRIL 7, 2024

The reality is that organizations that are successful in innovating, and transforming their business models, include cost management in their main capabilities. In my estimation, digital leaders consist of the national banks, particularly Chase and Bank of America, a small number of regionals and community banks, and a few credit unions.

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PYMNTS

MARCH 9, 2020

PYMNTS fielded a study to a national panel of 1,062 U.S. That said, some banking-like providers appear to be closing the primary banking services gap, particularly regional banks and credit unions (CUs). Ninety-two percent of consumers count their primary bank as either a national bank, regional/community bank or credit union.

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American Banker

APRIL 20, 2016

University Bancorp in Michigan says the main goal of its recent debt offering was to raise capital, but it also was designed to comply with Sharia and other religious standards that guard against usury.

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South State Correspondent

OCTOBER 28, 2022

During the two weeks, there were over a hundred significant cyberattacks by nation-states on national and regional banks that you could watch unfold in near real-time (bel0w) at Gartner and Money 20/20. Any community bank that believes it can keep up and thwart millions of attacks per second is fooling itself.

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CFPB Monitor

JUNE 25, 2020

On May 20, 2020, the OCC issued a final rule to “strengthen and modernize” its existing Community Reinvestment Act (“CRA”) regulations. Until compliance with the final rule, national banks and federal savings banks must comply with the OCC’s current rule. This is the second in a series of five blog posts about the final rule.

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PYMNTS

MAY 30, 2019

JPMorgan Chase Co-President and Chief Operating Officer Gordon Smith said the customer actions are slowing deposit growth for the bank, but that most of the customers will still keep Chase as their main banking institution. People are taking a component of their deposits. That money is very liquid.

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PYMNTS

DECEMBER 7, 2016

For some entrepreneurs, starting a Main Street business is how they choose to pursue the American Dream. Petryk, who said he was bullied ruthlessly as a kid from the third grade to high school, views his chain of Boston-based ice cream stores as safe havens that he wants to share with his community. For others, like J.P.

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Jeff For Banks

MARCH 29, 2014

We believe we can effectively compete as a community bank in our market area and the niche markets we serve. We serve the dental and other health professional industries through a centralized loan and deposit platform that operates out of our main office in Dallas, Texas and serves clients in 30 states. Department of Agriculture.

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PYMNTS

JULY 3, 2017

Earlier this month, NACHA (the National Automated Clearinghouse Association) sent its Government Relations Advisory Group on its annual pilgrimage to Capitol Hill. The CHOICE Act rolls back regulations that Sullivan said can pin down a community bank and prevent it from serving its function. Banking Around Legalized Marijuana.

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PYMNTS

FEBRUARY 13, 2017

Twenty-six million strong, employing 50 percent of the workforce and creating 65 percent of all new jobs, SMBs and storefronts that line the side streets and main streets of our cities and towns are the fuel that keeps our economic engines humming, roughly 100 million Americans employed and what feeds a thriving middle class. economy pumping.

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CB Insights

JULY 17, 2018

In 2017, the National Restaurant Association reported annual sales of $799B — close to 48% of the total amount that Americans spent on food. Community initiatives: Loom (Massachusetts). Rest stops became iconic American landmarks that dotted the nation’s major highway routes. Americans dine out more than ever before.

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PYMNTS

JULY 4, 2016

Entrepreneurs and investors across Australia’s largest city are working to revamp the tech community, with the intention of transforming Sydney into Australia’s own Silicon Valley. Tel Aviv Fuels Israel’s ‘Startup Nation’ Reputation. When people think Israel and technology, cybersecurity is often the first thing that comes to mind.

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PYMNTS

DECEMBER 6, 2016

While Donald Trump’s victory may have propelled the Dow Jones to an all-time high, it had little effect on the state of Main Street. According to the index, Main Street merchants scored 1.7 So, is Main Street sounding the alarm? Main Street USA boasted a 1.7 The two regions grew by 3.7 percent noted in Q2 2016.

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