National Funding Explores AltFin’s Uncertain Growth Trajectory

PYMNTS

However, Dave Gilbert, founder and chief executive officer of SMB alternative lending firm National Funding , said he’s seen a trend of growing traction within the small business community. B2B Payments alternative finance alternative lending B2B Banks economic growth FinTech loans National Funding News regulation SMB SMB finance working capital

Estonia Shelves Plans For National Cryptocurrency

PYMNTS

Estonia has shelved plans to develop its own national cryptocurrency after the idea prompted criticism by banking authorities and Mario Draghi, the Italian economist and president of the European Central Bank. We agreed in discussions with politicians that Estcoin will proceed as a means for transactions inside the e-resident community,” Sikkut said.

ICBA: Building Bridges For The Next Generation Of Community Banks

PYMNTS

Community banking can be one of the most rewarding and most challenging areas of financial services in which to work — that’s the view, anyway, of Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America (ICBA) , who recently joined the nation’s leading advocacy organization that exclusively represents community banks. I loved what I was doing with the community bank. This is really the specialty for community banks.

Top OpenSim communities of 2017

Bank Innovation

One of my top sources of OpenSim-related news this year has been OpenSim Virtual and similar Google Plus communities. Largest multi-grid communities. Communities that grew the most in 2017. Largest single grid Google Plus communities. Largest multi-platform communities.

US Intel Community: Supply Chain Cyberattack Imminent

PYMNTS

National Counterintelligence and Security Center (NCSC), titled “The Foreign Economic Espionage Report,” warns that cyber attackers could infiltrate the software supply chain, and pointed to China, Russia and Iran as the most capable of such an event. The impacts to proprietary data, trade secrets and national security are profound.”

Chamber Of Commerce Backs Community Bank Bill

PYMNTS

Chamber of Commerce is voicing its support for legislation that would ease regulatory burdens for the nation’s community banks in an effort to improve access to funding for small business borrowers. Main Street businesses depend on community and regional banks for the financing necessary to get started, sustain operations, manage cash, make payroll and create well-paying jobs,” the letter stated. The U.S.

Study Affirms Community Banks’ Small-Biz Leadership

Finer Points

It’s something ICBA and the community banking industry say all the time: community banks are the nation’s leading small-business lenders. While community banks make up less than 20 percent of the banking system’s assets, they dole out more than half of its small-business loans. Community Banks Credit Unions Economy Regulation Regulatory Relief Small Business Small Business Lending

Community Banks Aim To Amplify Competitive Edge With FinTechs

PYMNTS

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. According to Brian Heinrichs, chief financial officer at community FI INTRUST Bank, community banks have a few strong points, including “relating to our customers, and understanding their business,” he recently told PYMNTS.

ICBA Community Bankers of the Year

Independent Banker

ICBA inaugurated its Community Banker of the Year award program this year to recognize the exceptional work of the individual employees of ICBA member community banks. Pendleton Community Bank in Franklin, W.Va. The 2014 Community Banker of the Year Recipients.

Millennials Are the Future for Community Banks

Finer Points

The nation’s millennials—the biggest and most diverse generation of customers in our nation’s history—account for more than $1 trillion in annual purchasing power. And according to ICBA’s recently released 2014 American Millennials and Banking Study, this generation represents a major opportunity for community banks. Community Banks Forget what you think you know about Generation Y.

How Singapore Is Fueling A ‘Smart Nation’

PYMNTS

Singapore is on a mission to build up a Smart Nation by utilizing innovation and technology to create opportunities and strengthen communities. Startups are estimated to employ nearly 300,000 on the island nation. Singapore is poised to become the world’s first country to make the notion of a “Smart Nation” an actual reality. percent, Singapore stands as a nation with a lot to offer a growing and evolving tech ecosystem.

Maryland Community Bank Wades Into Cannabis Market

PYMNTS

has proven a challenging, complicated venture for the nation’s banks. Reports in The Washington Post this week profiled Severn Savings Bank, a community bank in the state that is said to be providing services to legal marijuana businesses. Providing financial services to legal marijuana businesses in the U.S. As more financial institutions (FIs) warm up to the idea, one bank in Maryland is taking significant steps to address cannabis companies’ FinServ challenges.

Vantiv Powers BizBuz SMB Community

PYMNTS

Vantiv is introducing a new online community centered on fostering and supporting small businesses. The payment processing services provider announced the launch of the Vantiv BizBuz community today (April 27), which is designed to provide small business owners with free access to a host of educational resources and information, as well as the ability to interact and engage with other business owners. Then, community members will be the first to pilot these new products.”.

Banks and CDFIs: Partnering for community impact

Sageworks

And to thrive, those customers need economically diverse and healthy communities in which to live and work. Partnering with local organizations to promote the health of those communities is often a top priority for banks. communities where capital tends to be scarce. Most CDFIs are high-touch lenders, and many have technical assistance and financial education programs for borrowers and community members that are sometimes grant-supported.

National ATM Council Says NYC Ordinance Is Costly, Burdensome

PYMNTS

The National ATM Council (NAC) argued in testimony to the Committee on Consumer Affairs of the New York City Council last week that a proposed ordinance would impose costly and burdensome new security regulations on ATM operators all around the city. According to a press release , the National ATM Council said it argued last week that City ordinance Int. Regulation ATMs EMV National ATM Council Payment Methods What's Hot

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As AI Enters The SMB Community, Cloud Adoption Still Lags

PYMNTS

A new report from Intuit, “ Small Business in the Age of AI ,” released in honor of National Small Business Week, examines entrepreneurs’ expectations and attitudes for artificial intelligence and how the technology might impact their ability to wield automation to grow their businesses. Whether robots will take our jobs or take over the mundane tasks for humans to shift to more strategic operations, one thing is for sure: Automation is changing the workforce.

National Commerce adds heft in Florida with Premier Community purchase

BankThink

M&A Community banking Capital Growth strategies Florida AlabamaThe Alabama company will enter Sarasota, Fla., after buying Premier for $52 million.

Community Bankers to Washington: Let’s Work Together To Get the Job Done

Finer Points

Last week’s ICBA Washington Policy Summit showed once again that community bankers are not only willing to go the extra mile—they’re even grateful for the privilege. With nearly 1,000 community bankers and industry advocates in the nation’s capital to advocate positive reform in more than 300 meetings with policymakers, there was a feeling of enthusiasm […]. Advocacy Community Banks Credit Unions Farm Credit System Regulatory Relief Washington Washington Policy Summit

Doing the Right Thing is in the Community Bank DNA

Finer Points

I am humbled and grateful for the opportunity to kick off another year representing the nation’s community banks, an industry that has made its mark through honest dealing, community involvement and personalized customer service. Community Banks Happy 2015.

FI Highlight: National Police Credit Union

Banking 2020

In an industry where so many financial institutions are trying to provide the same services in order to stay competitive, it is important that they also stand out in their communities. In a few sentences could you please tell us a bit more about National Police Credit Union?

Luxembourg’s Bankers Association Releases National Fintech Directory

Bank Innovation

The purpose of the FinTech map is to facilitate increased interaction among the nation’s fintech community. The Luxembourg Bankers’ Association (ABBL) today released a Fintech Map, essentially a directory of the country’s startup ecosystem. The directory classifies and categorizes these startups based on key areas. See the full directory here. The Fintech map was created […]. Exclusive Innovations Startups fintech

2015 ICBA Community Bankers of the Year

Independent Banker

For the second year, ICBA recognizes the exceptional work of the individual employees of community banks with its. Community Banker of the Year award program. Four community bankers were selected for this year’s recognition: Walking the Walk. National Award Recipient.

Cutting the red tape for community banks

Sageworks

Many community banks see this as a welcomed move towards offering smaller institutions some relief from the regulatory pressures of their larger, national counterparts. They also aim to examine the possibility of having a short-form call report specifically for community banks.

First National Bank Of South Africa Sets Up Business In Shipping Container

PYMNTS

That’s what First National Bank of South Africa is doing. South Africa still has a large section of the population that has limited access to banking facilities, and we want to turn this around,” said Lee-Ann van Zyl, chief executive of First National Bank of South Africa, in a report. The first step for us was to think about an innovative way of delivering a full suite of banking facilities to rural communities in a convenient fashion.”

Director Of National Intelligence Warns Of Coming IoT Security Threat

PYMNTS

According to Director of National Intelligence Daniel Coats, smart devices are more than an attractive target for hackers for profit — they could also be the launching ground for attacks on U.S. “It is impossible to ignore that one of the leaders of the intelligence community is not with us here today,” Warner noted in his remarks.

Bringing the Bureau to your community

CFPB

We are working hard on our commitment to grow our relationships with community representatives across the nation. At the CFPB Open government Older Americans Partnerships

National Small Business Week Celebrates the American Entrepreneurial Spirit

Sageworks

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?

Community Banks’ Leg-Up On The SME Lending Giants

PYMNTS

Small community banks may not have the ample resources that Wells Fargo or Bank of America have to develop high-tech, experimental solutions internally. In fact, the executives recently told PYMNTS that community banks actually have an advantage over the big guys, especially when it comes to small business banking. Despite such a difference in terms of financial resources, community banks, the Seacoast executives said, have a leg-up on their giant competitors.

Connect With Hispanic Members and Staff During National Hispanic Heritage Month

Coopera

National Hispanic Heritage Month (HHM), a celebration of Hispanic and Latino culture, heritage and contributions, begins September 15 and continues through October 15 each year. recognizes HHM by promoting a variety of community festivals, contest and events on its website.

How Old National Makes Employee Wishes Come True

American Banker

national-regional in community-bankingSometimes what makes a bank a great place to work is more about the coworkers than the job itself.

How Community Banks Can Win Treasury Management Business

Banker to Banker

If you have to battle the large national or regional banks for treasury management business, then you are in luck because competition is easy. Of course, many community banks don’t feel that way, but often that is because they have the wrong approach.

Community banks most likely to approve small business loans

Sageworks

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.”

National loan servicer applies to form a bank

BankThink

AmeriNational Community Services plans to form an industrial bank in Nevada. Community banking Growth strategies De novo banks Commercial servicers FDIC Nevada

5 lessons for bankers from Augusta National

Long Lasting Ideas

Continue reading 5 lessons for bankers from Augusta National at Bank Marketing Strategy + Ideas. bank marketing ideas bank marketing strategy customer service bank marketing community bank social mediaTraditionally, at least, banking and golf go together like sweet tea and cornbread.

Community bank stress testing: Where to begin

Sageworks

But community banks’ resources are generally less of their larger counterparts, so beginning, keeping up with or expanding stress testing can be a burden. A recent whitepaper from McGladrey, “ 4 Steps to Effective Stress Testing for Community Bank Loan Portfolios ,” highlighted that community banks, unlike larger institutions impacted by Dodd-Frank, don’t have a guide to stress testing.

The Sun Sets on the ABA's National Conference for Community Bankers

Jeff For Banks

On February 14-17 the American Bankers Association held their National Conference for Community Bankers. The community bank takes deposits from your community, and then lends into your community, with decision makers based here , where the financial institution's employees live, work, and volunteer. Farm Credit, particularly in rural markets, are a significant threat to community banks.

2014 ICBA Community Banker of the Year Awards Video

Independent Banker

The 2014 ICBA Community Banker of the Year Awards are sponsored by D+H. Community bankers rarely work alone but instead are members of dynamic teams of entrepreneurs and visionaries. National Award Recipient. link].

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Texas State Bankshares to Buy Blanco National

American Banker

Texas State Bankshares in Harlingen has agreed to buy Blanco National Holdings. breaking_news community-banking tx dealmaking-strategy

Texas 58

American National deepens Va. roots with latest acquisition

BankThink

Community banking Integrations Strategic buyers Growth strategies VirginiaThe company will pay $96 million to buy HomeTown Bankshares to gain scale in western Virginia.

Regulatory Environment Looking Brighter for New York Community

American Banker

The regulatory environment could be looking brighter for New York Community Bancorp as it is poised to cross an important regulatory threshold. dealmaking-strategy law-regulation breaking_news earnings-national-regional-banks performance consolidation m-a ny national-regional

Six Not So Obvious Reasons Why More Community Bank Are Hedging

Banker to Banker

Until approximately ten years ago, interest rate loan hedging (using swaps) was prevalent for national and larger regional banks, but most community banks avoided loan hedging for various reasons.

Citizens National to Buy Kilgore National in Texas

American Banker

Citizens National Bank in Henderson, Texas, has agreed to buy Kilgore National Bank in Kilgore, Texas. breaking_news community-banking tx m-a dealmaking-strategy

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No. 12: Amarillo National Bank

American Banker

Amarillo National Bank, No. sailthru-no-lead tx community-banking12 in the overall ranking, is No. 3 in the category for banks with $3 billion to $10 billion of assets.