Jeff For Banks

JANUARY 14, 2021

In June of 2008 I gave a speech titled "The Death of the Community Bank" and in that speech I made predictions. Much like the General Store fell victim to the supermarket and the lumber yard fell victim to Home Depot, I predicted the community bank that did not pick targeted customer niches or develop product expertise will meet it's doom.

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Community Bank Community FDIC Strategy 130

PYMNTS

DECEMBER 8, 2020

Over 110,000 restaurants have shuttered since the start of the COVID-19 pandemic and another 500,000-plus establishments are in an "economic free fall," the National Restaurant Association said in a letter to Congress. The survey included 6,000 restaurant operators and 250 supply chain businesses Nov.

Industry 226

Industry National Survey Operations 226

Abrigo

APRIL 23, 2015

A new bill proposed on April 16 aims to increase the exam cycle period for a larger pool of community banks. OCC guidance on Community Bank Supervision states all national banks must receive a full-scope, on-site exam at least annually. The bill, spearheaded by Senator Joe Donnelly, D-Ind., and Senator Pat Toomey, R-PA.,

Community Bank 150

Community Bank Community Survey FDIC 150

Independent Banker

DECEMBER 1, 2021

Additionally, a recent survey by FIS shows that 37% of consumers began a new banking relationship with a major national or global bank that had a well-established online portal in the past 12 months. Increasing role of technology. 18% of these consumers opened an account with an online-only direct bank.

Community Bank 91

Community Bank Community Fintech Guidelines 91

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. The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

Community Bank 150

Community Bank Community Regional Cleveland 150

Abrigo

SEPTEMBER 22, 2015

Many community banks see this as a welcomed move towards offering smaller institutions some relief from the regulatory pressures of their larger, national counterparts. Laura Stewart, CEO of Sound Community Bank in Washington said of preparing the call report: "It almost feels like a full-time job."

Community Bank 150

Community Bank Community FDIC Survey 150

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.

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Community Bank Community Fintech Lending 131

PYMNTS

MAY 7, 2018

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.

Community 117

Community Big Data Survey Tools 117

Abrigo

FEBRUARY 25, 2022

Nearly 90 of 100 bankers surveyed during a recent Abrigo webinar said their institutions plan to increase the volume of small business lending or commercial lending this year. Indeed, some bankers are already giving up spreads in order to win loans, according to the January Fed Senior Loan Officer Survey. You’re in good company.

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Lending St. Louis Community Survey 195

South State Correspondent

SEPTEMBER 20, 2023

What Profitable Cash Management Accounts Want A recent survey by GTreasury found that 70% of treasury departments have five or fewer team members. In the survey (below), respondents were asked what they needed in a treasury management relationship.

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Management Survey Industry Community Bank 195

PYMNTS

JULY 1, 2016

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.

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National Training Bitcoin Samsung 133

Independent Banker

MARCH 31, 2022

This Community Banking Month, I invite you to try something new to spread your story. Share a new development, community project or initiative. As community bankers, we know relationships matter. Or look at our new chairman’s bank, Community Spirit Bank in Red Bay, Ala. Photo by Chris Williams.

Oklahoma City 161

Oklahoma City social media Memphis Community 161

Abrigo

DECEMBER 18, 2023

WATCH Takeaway 1 Banks and credit unions are critical sources of capital for businesses in their communities, so how institutions assess CRE credits matters. But that might not be the best move for your financial institution or your community. But Kirby recommended examining data and surveys used to support this idea.

Risk Management 221

Risk Management Management Lending Capital 221

PYMNTS

NOVEMBER 26, 2018

billion, according to surveys commissioned by the company. In addition to supporting brick-and-mortar businesses, 41 percent of consumers surveyed said they shopped small businesses online. Small business owners surveyed said they count on an average of 29 percent of annual sales to happen during the holiday season.

social media 193

social media Survey National Community 193

PYMNTS

MAY 12, 2020

Local and regional banks may have once been more insulated from these trends than other businesses since they are often trusted names within their communities and maintain long-standing relationships with their customers. This series, based on a survey of 3,000 cardholding U.S. percent of national banks, versus 77.5

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Regional National Cards Mobile 241

PYMNTS

JULY 17, 2020

A CDC survey found 65 percent of U.S. Cloth face coverings are one of the most powerful weapons we have to slow and stop the spread of the virus, particularly when used universally within a community setting. All Americans have a responsibility to protect themselves, their families, and their communities.”.

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Survey Community National Tools 160

PYMNTS

APRIL 8, 2020

citizens who paid rent this month was down 12 points, from 82 percent in March to 69 now, as a result of the economic disruption from the coronavirus, according to a housing survey released Wednesday (April 8). The percentage of U.S. The NMHC Rent Payment Tracker reflects data from 13.4 million units across the United States.

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Las Vegas Data US United States 150

PYMNTS

MAY 12, 2020

A survey by the National Community Pharmacists Association last fall found the number of independent pharmacies fell by nearly 20 percent to 18,478 stores last year, down from 23,029 in 2012. Long before the coronavirus pandemic struck, the health of independent pharmacies was suffering.

Survey 200

Survey California Taxes Online 200

CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” A recording of the hearing is available here. .

Fraud 78

Fraud National Security social media 78

PYMNTS

JULY 15, 2020

Today, 65 percent of more than its 5,000 stores and clubs are located in communities where the government has mandated face coverings, the companies said. “To A Goldman Sachs survey found that a national mask law could spare the U.S. We know some people have differing opinions on this topic,” said Smith and de la Rosa. “We

Virginia 141

Virginia Policies Community National 141

Abrigo

JUNE 13, 2022

According to the National Council on Aging (NCOA), this heartless crime is most likely under-reported due to victims' embarrassment. Of banks surveyed, 86% provide training to customer service representatives on how to detect and report elder financial exploitation. Banks are assertive in protecting older customers.

Fraud 195

Fraud Training United States Survey 195

PYMNTS

JULY 22, 2020

The launch follows a Pew Research Center survey last fall that revealed two-thirds of U.S. The Clean Water Card , a Visa card for Clean Water Action members and supporters, supports clean water and healthy communities. Santander plans to issue its cards shortly. Green America, the Washington, D.C. percent of the purchase.

Cards 212

Cards America Policies Washington 212

PYMNTS

DECEMBER 8, 2020

economic slowdown fueled by the COVID-19 pandemic is likely to continue into 2021 but could start bouncing back by mid-year as the population gets vaccinated, according to a December survey from the National Association for Business Economics (NABE). Synctera Brings 'FinTech As A Service' To Community Banks.

San Francisco 130

San Francisco Community Bank Video Capital 130

PYMNTS

NOVEMBER 23, 2020

The rule would guarantee that everyone would have equal access to banking services offered by national banks, federal savings associations, and federal branches and agencies of foreign bank organizations, the statement indicated. percent of consumers surveyed reported that their primary bank is a digital-only bank (4.2 percent). .

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Study Survey Regulation System 170

PYMNTS

APRIL 30, 2018

National Small Business Week is this week in the U.S., and finance experts are celebrating with new data on the state of the entrepreneurial community. But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too.

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Taxes America National Community 144

PYMNTS

JANUARY 15, 2021

Bastian’s outlook is partly based on a recent survey of corporate travel clients, which showed 40 percent expected to be fully back to 2019 levels by 2022, and another 11 percent expected to be fully back by 2023. And they're going to travel to thousands of smaller communities, too.".

New York City 270

New York City United States Florida National 270

Independent Banker

JUNE 30, 2022

A new approach to loan protocols is just one way for community banks to grow in new and different directions. Amid changing economic conditions and rising rates, it’s a good time for community banks to re-evaluate their loan strategy with an eye on adaptability. David, Community Bank Consulting Services, Inc.

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Lending Strategy Community Bank Community 103

PYMNTS

JANUARY 27, 2021

The National Restaurant Association , the country’s (and world’s) foodservice trade association, released its annual State of the Restaurant Industry report on Tuesday (Jan. Working together as one, I am confident in our ability to continue safely serving our guests and supporting our communities.”. Healthier And More Indulgent.

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Industry Report Technology National 264

Abrigo

DECEMBER 10, 2019

According to the National Council on Aging (NCOA) this heartless crime is most likely under-reported due to the victims’ fear, shame and embarrassment. Eighty-one percent of banks surveyed listed reporting to APS as one of their key actions in dealing with suspected elder fraud, up from 62% in 2017. billion annually.

Fraud 284

Fraud Study United States Training 284

South State Correspondent

JANUARY 4, 2023

The irony here is that more than half the banks we recently surveyed had some goal and metric around asset growth. 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. Why “Growth” is Not on The List. Conclusion.

Community Bank 195

Community Bank Capital Training Lending 195

PYMNTS

NOVEMBER 21, 2018

A new survey has found that that most people plan to begin their holiday shopping well before their turkey dinner––7:16 a.m. According to Groupon ‘s second annual Black Friday shopping trends survey, the new early morning time is more than eight hours earlier than last year’s start time of 3:29 p.m. The figure marks a 4.1

Survey 135

Survey Retail Online Customer Experience 135

PYMNTS

MARCH 12, 2020

Offering additional non-postal products and services at USPS retail facilities could provide consumer, government or community benefits, but viability may be limited,” the report states. In particular, some noted that USPS could provide a viable banking alternative for those lacking banking services.

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Retail US Survey Examples 169

PYMNTS

MAY 6, 2019

Fifty-four percent of small firms surveyed by TD Bank expect revenue to increase , a 2 percent increase from this time last year, the bank said. Its “ 2019 Small Business Survey ” found that 46 percent are looking to expand product lines, with 39 percent planning to grow production this year. Thirty-two percent of U.S.

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Survey America Analysis Data 115

PYMNTS

DECEMBER 5, 2018

India saw a busy year in B2B FinTech as the small business (SMB) community continued to demand enhanced financial services. The nation continues to push against cash in favor of digital payments, while both the government and private sector continue to fuel FinTech innovation.

Innovation 171

Innovation Survey Operations Community 171

Independent Banker

DECEMBER 31, 2022

Source: Dave Thomas Foundation for Adoption 2022 US Adoption Attitudes Survey. First Reliance Bank, a $925 million-asset community bank in Florence, S.C., First Reliance Bank, a $925 million-asset community bank in Florence, S.C., Encouraging community. has made strides to break down these barriers.

Community 91

Community Community Bank Resources Policies 91

PYMNTS

MAY 2, 2016

aren’t taking full advantage of resources and services provided by national and local governments, a new report from Fifth Third Bank has found. By working closely with your banker and community assistance providers, like SCORE, small business owners can improve their cash flow and turn personal capital into working capital.”.

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Resources Community National Capital 100

PYMNTS

NOVEMBER 25, 2016

The National Federation of Independent Businesses ( NFIB ) and American Express have recently released their fifth annual Small Business Saturday Consumer Insights Survey. The survey found, among other things, that small businesses this year are in for record revenues on Small Business Saturday.

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Survey Retail Community National 100