PYMNTS

NOVEMBER 12, 2020

The new store in Woodland Park will take the place of a closed Fairway Market in a shopping center that also has a GameStop, Barnes & Noble and Kohl’s department store. Amazon bought Fairway Market stores in Woodland Park and Paramus, but it has not made plans known for location in the latter municipality.

South Dakota 225

South Dakota North Dakota New Jersey Los Angeles 225

CFPB Monitor

OCTOBER 4, 2022

The key allegations in the DOJ’s complaint are the following: During the relevant time period (2015-2021), the Newark, New Jersey-Pennsylvania Metro Division (Newark MD) as delineated in 2015 included Essex, Somerset, Union, Sussex, and Morris counties in New Jersey (Newark Lending Area).

New Jersey 147

New Jersey Lending Community National 147

Jeff For Banks

JANUARY 28, 2012

Community financial institutions are grappling with the recent and pending mortgage rules. New rules aside, we were not that significant in the mortgage market anyway. So we opened the door, let the competition through, and we ceded the mortgage market to brokers, specialists, and the government. Why shouldn''t we do more of it?

Marketing 86

Marketing Pennsylvania Lending Community 86

Jeff For Banks

JULY 5, 2022

I know, my first job in banking in 1985 at Northeastern Bank of Pennsylvania was making microfiche. The money market mutual fund became a formidable competitor to the bank account. In Pennsylvania, Rocket has number 1 market share. But they must be in ample supply in your markets to support growth.

Millennials 78

Millennials Community Pennsylvania Community Bank 78

Abrigo

JANUARY 15, 2015

With mortgage rates down in the US , many homebuyers are looking locally to their community banks to finance their new, potentially life-changing purchase. In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending.

Cleveland 150

Cleveland Detroit Michigan Community Bank 150

PYMNTS

AUGUST 20, 2020

What happens if Main Street becomes less a proving ground for smaller businesses — born of, and serving, local communities — and more a collection of larger firms, well-capitalized, but already enjoying competitive advantages? Millions of smaller businesses are grappling with the impacts of the pandemic. The smallest loan, at $1.5

Maine 218

Maine Lending Pennsylvania Boston 218

Jeff For Banks

DECEMBER 29, 2015

These rules that are hatched by bureaucrats and implemented over large geographies are the very reason community banks should be beating the crap out of my bank and other SIFI banks. I doubt there is anybody in Pennsylvania, where my branch is located, that weighed in on that decision. My community bank was acquired by it.

Community 60

Community Community Bank Pennsylvania Policies 60

PYMNTS

JANUARY 29, 2020

As online lending platforms proliferate among the SMB borrowing community, however, experts warn that a lack of regulation means these companies rarely publicly reveal interest rates and fees. On top of that, MacKrell said the government is not sufficiently enlightening the small business community about the risks of online lenders.

Lending 136

Lending New York Online New Jersey 136

Jeff For Banks

MARCH 31, 2018

The state's municipal deposits approximate $20 billion , $13 billion of which are in community banks. According to the Investment Company Institute , money market funds stood at $2.8 And as the chart below shows, these funds are typically paying more than double the community bank money market account rate. By default.

FDIC 60

FDIC New Jersey Pennsylvania Community Bank 60

Jeff For Banks

JUNE 20, 2013

Take my home state, Pennsylvania, for example. But I pulled deposit market share data for the state, and the results are telling (see table). deposit market share in the state, or $33 billion out of $345 billion total. There are only two CUs in the state''s top 20 in deposit market share. Admittedly, mostly banks.

Resources 111

Resources Pennsylvania Marketing Community Bank 111

PYMNTS

JANUARY 30, 2019

In hopes of having shoppers stay longer at his malls, he created a food court at the Plymouth Meeting Mall in Pennsylvania in 1971. Rouse’s communications director, Robert Rubenkonig, said in a 2004 Shopping Centers Today story that the developer sought to create “community picnics” with the concept. Baking Co. &

New York City 115

New York City Los Angeles New York New Jersey 115

American Banker

FEBRUARY 29, 2016

of Pennsylvania was negotiating to buy Fox Chase Bancorp when its stock plummeted in August. Univest Corp. The decline prompted Fox Chase to seek other offers, while forcing Univest to adjust its proposal to prop up the deal value.

Pennsylvania 28

Pennsylvania Marketing Community Bank Community 28

American Banker

FEBRUARY 29, 2016

of Pennsylvania was negotiating to buy Fox Chase Bancorp when its stock plummeted in August. Univest Corp. The decline prompted Fox Chase to seek other offers, while forcing Univest to adjust its proposal to prop up the deal value.

Pennsylvania 28

Pennsylvania Marketing Community Bank Community 28

Jeff For Banks

SEPTEMBER 22, 2020

Earlier this month I recorded a webcast for the Pennsylvania Institutute of Certified Public Accountant's Financial Institution Conference. Was that trajectory ideal for our constituencies: employees, customers, communities and shareholders. Here is what I said. Being tactical is no longer tenable in its current practice.

Conference 78

Conference Pennsylvania US Course 78

Jeff For Banks

NOVEMBER 3, 2019

Nor do they perform worse." ~ Katherine Klein, University of Pennsylvania Do you know how difficult my life might become for the above quote? Perhaps I would add community contacts to the list for a community bank board. But I don't think the list speaks to race or gender specifically. Get rid of age limits.

Community 60

Community Pennsylvania Chicago Operations 60

PYMNTS

SEPTEMBER 27, 2019

said in the announcement about the offering, “Walmart aims to be the market leader in providing retail workers a path to careers in growing fields like healthcare. The offering also includes career diploma programs for pharmacy technicians and opticians through Penn Foster.

Branding 101

Branding Retail North Carolina Georgia 101

Independent Banker

AUGUST 26, 2015

A Pennsylvania community bank’s perspective on the rewards and potential perils of developing a separate business line. Forming new business lines—if carefully planned and considered—can be a potentially significant way for a community bank to boost revenues and profits. which had long-established ties to the local community.

Operations 70

Operations Community Bank Community Management 70

Jeff For Banks

APRIL 29, 2021

I attended the Pennsylvania Bankers' Association Women in Banking Conference the next day. The challenge was that it was a book designed for community financial institutions. While seventy-five percent done with writing, I read Conscious Capitalism by John Mackey of Whole Foods Market and Raj Sisodia. Very niche.

Conference 78

Conference social media Capital Marketing 78

CFPB Monitor

MAY 10, 2019

One day after announcing its notice of proposed rulemaking regarding the Fair Debt Collection Practices Act (FDCPA), the CFPB held a town hall at the University of Pennsylvania to discuss the major aspects of the proposal, gauge stakeholders’ reactions, and field comments from the public. On May 14, 2019, from 12 p.m. to 1:30 p.m.

Philadelphia 68

Philadelphia Industry Pennsylvania Analysis 68

Jeff For Banks

DECEMBER 1, 2015

In the chart below, derived from The Kafafian Group’s (TKG) peer database of hundreds of community bank branches, we see that the revenue generated from deposit spreads, asset spreads (typically consumer loans), and fees (typically deposit fees) as a percent of branch deposits averaged 2.08% for commercial banks and 1.88% for thrifts during 2014.

Pennsylvania 60

Pennsylvania Community Bank Community Taxes 60

Jeff For Banks

AUGUST 29, 2012

This was one of the points made by Lisa Schultz of Stifel, Nicolaus, Weisel, an investment banking firm that specializes in FIs, at a recent Pennsylvania bankers conference. Therefore, all of the action to attract capital was in the institutional market. Maximize retained earnings to reduce the need to visit the capital markets.

Capital 87

Capital Retail Pennsylvania Community 87

American Banker

MARCH 14, 2016

Royal Bancshares of Pennsylvania, which spent three years righting the ship, is ready to poach bankers and clients who might be upset with recent consolidation in Royal's home state. While it could look at deals, Royal is primarily hoping to steal market share with a private-banking model, loan production offices and technology upgrades.

Pennsylvania 28

Pennsylvania Technology Marketing Community Bank 28

Jeff For Banks

DECEMBER 13, 2018

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. is the parent company of Willamette Valley Bank, a community bank headquartered in Salem, Oregon.

Oregon 101

Oregon Ohio California Community Bank 101

Jeff For Banks

APRIL 17, 2010

The Pennsylvania Turnpike’s Valley Forge rest stop is a common waypoint for me on my travels. So why can’t we achieve premium pricing in community banking? And what about “superior customer service” or “access to decision makers” I keep hearing about in community bank strategy sessions? They think marketing runs the ad budget.

Branding 60

Branding Management Community Bank Community 60

Banking 2020

AUGUST 24, 2015

This reason, among many others, is why marketers know that it’s something they need to pay attention to, if they aren’t already. Sabrina: Angie, I’m first curious about how you got involved in search marketing. Mobile should be at the forefront of your plan and definitely at the forefront of your search marketing strategy.

Industry 40

Industry Pennsylvania Marketing Mobile 40

Jeff For Banks

DECEMBER 7, 2019

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. billion in assets community bank with 22 branches that encircle the Seattle Sound. Pretty impressive.

Indiana 78

Indiana Oregon South Dakota Community Bank 78

Banking 2020

AUGUST 18, 2015

This reason, among many others, is why marketers know that it’s something they need to pay attention to, if they aren’t already. Sabrina: So given your experience and the time that you spent in the industry, why do you think search marketing is so important these days? What do you find interesting about it? Sabrina: That makes sense.

Industry 40

Industry Pennsylvania Marketing Mobile 40

PYMNTS

JANUARY 10, 2017

There is also the surprising reality that goods that less affluent consumers favor also tend to stay in the market longer with fewer changes over time, meaning their prices more or less trend up with inflation. Said simply, premium goods favored by wealthier shoppers go on sale more often than staple goods bought by more down-market shoppers.

Online 100

Online Chicago New York Mississippi 100

Jeff For Banks

JULY 14, 2021

How does your company plan to grow: M&A, organically (that is, by driving new or existing products to new or existing markets), or both? J4B Take : The greatest uncertainty facing community banking is relevance. JFB Take: The market leader in mortgage origination in my home state of Pennsylvania is Quicken.

Capital 78

Capital Strategy Management Company 78

Jeff For Banks

SEPTEMBER 13, 2011

But he held firm that the regulatory environment, changing customer preferences, and the pace and expense of technology were driving the market towards bigger is better. They had to grow to survive. I challenged the thinking. In that, I thought, he has a point. But I''m always looking for support.

Arkansas 67

Arkansas Charlotte Pennsylvania Management 67

Fintech Labs Insights

MARCH 28, 2016

Edgewater Markets. HQ: Braddock, Pennsylvania. Tags: SMB, expense management, expense reports, debit card, prepaid, accounting, bookkeeping, Y Combinator (investor), Community Federal Savings Bank (issuer). Automated lending solutions for financial institutions. Latest round: $40 million. Total raised: $50 million. Meter Feeder.

Company 12

Company Fintech San Francisco New York City 12

PYMNTS

MARCH 18, 2019

A financial dispute between two University of Pennsylvania freshmen roommates that took place 10 years ago sparked a financial revolution. While some larger financial institutions (FIs) have joined the platform, regional community banks and CUs account for 85 percent of Zelle’s participants.

Security 148

Security Fraud User Experience California 148

Jeff For Banks

DECEMBER 9, 2014

billion in asset community bank based in Spokane and founded in 1902, I had 74,900 hits. For example, I live in Central Pennsylvania, where a credit union uses its CEO in all of its advertisements, billboards, etc. This credit union has made a celebrity out of their CEO, and he is widely recognized in the community.

Washington 104

Washington Pennsylvania Strategy Community 104

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.

Fintech 195

Fintech Community Regional Technology 195

CB Insights

FEBRUARY 16, 2018

on the horizon, CRISPR has reached a new peak in interest from outside the scientific community. . Currently (as of 2/13/18), the University of Pennsylvania is awaiting the FDA’s final approval to start a study that would evaluate the safety of using CRISPR for patients with multiple myeloma, melanoma, and sarcoma. Credit: PhRMA.

System 78

System Study Industry Tools 78

Gonzobanker

DECEMBER 20, 2018

PNC made a Gonzo move with a national digital expansion in 2018 with the unique idea of building a small number of branches in target metro markets like Kansas City and Dallas. Goes to Greg Smith, retiring CEO of Pennsylvania State Employees Credit Union. CVB Financial acquires Community Bank. Bank Sale of the Year.

Fintech 105

Fintech Conference Innovation Community 105

CB Insights

FEBRUARY 16, 2018

on the horizon, CRISPR has reached a new peak in interest from outside the scientific community. . Currently (as of 2/13/18), the University of Pennsylvania is awaiting the FDA’s final approval to start a study that would evaluate the safety of using CRISPR for patients with multiple myeloma, melanoma, and sarcoma. Credit: PhRMA.

System 40

System Study Industry Tools 40