Patriot National Hits Regulatory Snag In SBA Platform Plans

PYMNTS

Community bank Patriot National has hit a regulatory roadblock in its plans to launch a Small Business Administrative platform, but reports in American Banker on Thursday (March 13) said the financial institution remains undeterred by the challenge.

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.

Mastercard General Counsel Tapped To Chair National Urban League

PYMNTS

The world of payments has provided a new leader to the National Urban League. Murphy was elected to the post during the National Urban League’s Board of Trustees quarterly meeting in New York City. Mastercard financial inclusion MasterCard National Urban League News What's Hot

Digital Services Mean Every Bank Is a National Bank

Bank Innovation

But the most significant revelation from the company’s earnings call yesterday may be that digital banking allows any bank to become national. Exclusive Mobile Online Operations Retail Technology Bank of America BankMobile branch Customers Bank Flagship Community Bank PNC

Rebeca Romero Rainey: A community banking resolution

Independent Banker

. “We look forward to serving you and your community bank in the year ahead.”. Happy New Year, community bankers! And if you haven’t done so already, I encourage you to also come up with a community banking resolution—one that helps you flourish as a professional.

Community Banks Voice Frustration With Core Tech Providers

PYMNTS

Community banks are voicing their frustration with what they say is a lack of competition in the market for corporate bank technology providers, reports in The Wall Street Journal said Thursday (April 11).

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.

Rebeca Romero Rainey: Community bankers take the high road

Independent Banker

With the 10th anniversary of the Wall Street financial crisis just behind us, let us not forget the wrongdoings of the nation’s largest and most systemically important banks—wrongdoings that led to the Great Recession and the undoing of one too many American dreams.

First New Community Bank In Decades Headed To US Market

PYMNTS

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. The U.S.

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

National Bank of Kuwait Rolls Out SWIFT gpi; UCPB Launches InstaPay Transfer Service

PYMNTS

Coverage includes The National Bank of Kuwait ’s rollout of SWIFT Global Payments Innovation (gpi) services with the help of ACI Worldwide. In all, ACI noted that the global gpi community has come to encompass close to 300 banks.

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.

Rebeca Romero Rainey: Community service is at our industry’s heart

Independent Banker

Community service is a timeless tradition that’s core to every community bank.”. As I work on this column, I’m in Santa Fe, preparing to speak at the Independent Community Bankers Association of New Mexico’s annual convention. I was chairman of this great organization 10 years ago, and the theme of that convention was “Independent Community Banks—A Timeless Tradition.” Community service is a timeless tradition that’s core to every community bank.

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.

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

Banks and CDFIs: Partnering for community impact

Abrigio

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.

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.

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.

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 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.

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.

Amarillo National bulks up with Lubbock National purchase

BankThink

Community banking M&A Growth strategies TexasThe proposed merger of two family-owned institutions would create a $5 billion-asset bank in Texas.

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?

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.”

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.

Berkshire Hills exiting national mortgages, indirect auto

BankThink

Community banking Auto lending Mortgages Earnings MassachusettsThe Boston company gained the mortgage platform when it bought First Choice in 2017.

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.

Cutting the red tape for community banks

Abrigio

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.

Connecticut group applies for national bank charter

BankThink

Nexos National Bank would be led by Gordon Baird, a former Citi executive. Community banking De novo institutions Digital banking CapitalA former New York banking commissioner is set to join the proposed bank's board.

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.”.

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.

Valley National to cut 60 corporate jobs

BankThink

Community banking C-suite Commercial banking New JerseyThe New Jersey bank said it will save millions of dollars by eliminating the jobs as well as selling and leasing back some of its real estate.

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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National Small Business Week Celebrates the American Entrepreneurial Spirit

Abrigio

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?

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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Community banks most likely to approve small business loans

Abrigio

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.”

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

Mid East Tennessee Community CU Conserved

Keith Leggett's Credit Union Watch

The National Credit Union Administration on April 23 placed Mid East Tennessee Community Credit Union in Decatur, Tennessee, into conservatorship. Mid East Tennessee Community Credit Union is a federally insured, state-chartered credit union with 1,855 members and assets of $12,093,966, according to the credit union’s most recent Call Report.

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

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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.