Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. Since COVID-19, profitability planning for community banks has mainly hinged on how the government was coping with the pandemic and the key role financial institutions played in keeping the economy afloat. By Elizabeth Judd. Quick Stat.

Strategy 135

Strategy Community Bank Louisville Community 135

Independent Banker

DECEMBER 31, 2022

ICBA is leaning into it, bringing its ThinkTECH Accelerator program and innovation efforts in-house to provide community bankers with targeted solutions. Here are what I believe will be the top five opportunities this year: Targeted fintech initiatives focused on meeting community bankers’ unique needs.

Innovation 103

Innovation Trends Community Bank Community 103

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. The bank is one of several newly proposed community banks in the region, with goals of disrupting the financial services landscape, including business and corporate banking.

Community Bank 122

Community Bank Community FDIC Marketing 122

Independent Banker

OCTOBER 1, 2022

While there’s no cyber or data security silver bullet, by bringing the theoretical into a true banking environment, we can begin to establish action plans that speak to real-world attacks.”. Cyber and data security have long been areas of emphasis for community banks, but in today’s escalating digital environment, that focus has grown.

Exercises 126

Exercises Community Bank Community Resources 126

Gonzobanker

DECEMBER 14, 2023

The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet. THE BANKER AWARDS The Bank Acquisition of the Year – goes to the unique PacWest and Banc of California deal. Employees are back to work. We are in awe.

Fintech 194

Fintech Community Regional Technology 194

Independent Banker

FEBRUARY 28, 2022

We asked several banking leaders how they’ve employed fintech to ramp up their marketing campaigns, hone their analytic strategies and gain new patrons in the process. The digital world has opened vastly broader avenues for community banks to attract new customers—especially if they partner with fintechs in their endeavors.

Fintech 136

Fintech Marketing Community Bank Community 136

South State Correspondent

OCTOBER 28, 2022

Create a smart contract that tracks rebates, wage garnishment or secures a bank’s collateral position from a future revenue stream, and a bank will need a new core construct to handle the complex accounting, contingencies, and ALCO calculations required. Small Idea – It’s Our Kid’s Technology. Small Idea – You Will Need a New Core Soon.

Conference 195

Conference Technology Las Vegas Trends 195

Abrigo

MAY 24, 2023

If signed into law, the SAFE Act would allow banks to provide services to cannabis-related businesses (CRBs) in states that have passed the legalization of marijuana in some form. According to a letter from the American Bankers Association (ABA) to the Senate Banking Committee, only about 11 percent of all U.S.

Lending 195

Lending Fraud Operations Ohio 195

Gonzobanker

DECEMBER 19, 2022

All of you with your hands up… … uh huh. It would have required a few trips to the local dispensary to dream up what bankers have endured this year. 1 issue raised by CEOs in our surveys, bankers had to craft a new and compelling post-Covid value proposition to attract it. OK, show of hands. Pull ’em down. Nobody did.

Community 216

Community Fintech Industry Innovation 216

Abrigo

APRIL 23, 2020

During a webinar hosted by Abrigo, Walter Lara-Figueroa, a Lender Relations Specialist from the North Carolina District Office of the SBA, said lenders should plan to book loans very soon after President Donald Trump signs the bill approving new funding. My best estimate is that if he signs today, it will be available the next day,” he said.

Lending 221

Lending Los Angeles North Carolina Community 221

Independent Banker

NOVEMBER 30, 2021

Community banks use dozens or even hundreds of vendors—making it critical that they have an efficient way to stay compliant, track performance and more. There’s a host of regulatory guidance when it comes to vendor management, but community banks also have wiggle room to craft their own policies. Photo by Jorg Greuel/Getty Images.

Management 91

Management Community Bank Community New Jersey 91

Abrigo

DECEMBER 10, 2019

With no signs of dissipating, it is just a matter of time before an incident happens in your customer base, if it has not happened already. NCOA estimates the cost of elder financial abuse to older Americans up to $36.5 NCOA estimates the cost of elder financial abuse to older Americans up to $36.5 billion annually.

Fraud 284

Fraud Study United States Training 284

Abrigo

MARCH 24, 2021

Independent Banker Survey. The top banking challenges in 2021 are growing loans and earnings, according to Independent Banker’s recent 2021 Community Bank CEO Outlook survey. Technology sets up future lending success. Here's what they're doing. Would you like others articles like this in your inbox?

Lending 221

Lending Technology Survey Examples 221

Abrigo

JUNE 12, 2020

While this is a promising sign, 13.3% While this is a promising sign, 13.3% The Fed is authorized by the Treasury to provide up to $600 billion in loans to companies with less than 15,000 people, or an annual revenue of less than $5 billion. to 13.3% – a far cry from the near 20% expected. What happened? learn more.

Maine 195

Maine Lending Regulation Resources 195

Abrigo

JUNE 13, 2022

The NCOA estimates the cost of elder financial abuse to older Americans to be up to $36.5 billion annually. A recent American Bankers Association Foundation (ABA) research study found that older Americans hold 65% of the deposited wealth in the United States. Would you like other articles on BSA/AML training in your inbox?

Fraud 195

Fraud Training United States Survey 195

Gonzobanker

DECEMBER 22, 2020

Bankers started the year with good business plans, strong balance sheets, and optimism. And how did community banks and credit unions respond to the COVID craziness? Our clients showed banking at its best – obsessed with customer well-being, good corporate citizenship, and strong community focus. ” – Hunter Thompson.

Idaho 172

Idaho Community Industry Strategy 172

Abrigo

NOVEMBER 24, 2015

Earnings were up from a year ago, loan portfolios grew, asset quality improved, the number of problem banks declined, and only one insured institution failed.” The FDIC said that the percentage of loans and securities with maturities of three or more years hit the highest percentage in the 18 years of data records, rising to 34.6

FDIC 150

FDIC Lending Community Bank Industry 150

Gonzobanker

OCTOBER 15, 2014

My heart goes out to the hard working professionals who run the Treasury Services or “Cash Management” divisions at community banks. It’s not always pretty, but these bankers have learned to package their offerings with duct tape and wire and land the latest big new deal with a health care group, municipality or homeowners association.

Management 101

Management Community Bank Community Resources 101

Independent Banker

AUGUST 25, 2016

Advocacy Advocate—ICBA’s Joshua Harbursky works to assist community bankers with their industry policy engagement with lawmakers and regulators. ICBA has a great infrastructure in place and a lot of active advocates among community bankers. Anyone with an interest in promoting community banks can be an ICBA advocate.

Washington 72

Washington Community Bank Policies Community 72

Abrigo

JANUARY 31, 2023

Beneficial ownership registry The AMLA was signed into effect in January 2021, paving the way for the first major BSA reform since the PATRIOT Act and encouraging a culture of compliance. You might also like this upcoming webinar, "BSA officer’s mindset: A comprehensive look at your AML/CFT program."

Fraud 195

Fraud Training Regulation Trends 195

FICO

MAY 6, 2020

This is the story and timeline of a small banker’s experience with PPP loans. Greg Tyre is a small business banker who underwrites loans at The Piedmont Bank in Georgia and is an SBA-preferred lender. It’s a small bank that caters to the local community, and they are preparing for the PPP (nicknamed the “Triple P”) to launch.

Community 52

Community Community Bank Lending System 52

Independent Banker

SEPTEMBER 26, 2014

Awareness of elder financial abuse is growing, and community bankers are often relied upon as the front line of defense in the protection of their customers, including as providers of crime prevention education and information. In fact, they’re every bit as much at risk.

Community 101

Community Resources Community Bank Video 101

Independent Banker

JULY 30, 2015

In Texas, data security, debit card surcharges and compensation for records searches become legislative issues. Some of the most pressing issues this year involved data security breaches, patent trolls, debit card surcharges and reimbursements for litigation records search requests. Data security breaches. By Steve Scurlock.

Data 70

Data Texas Community Bank Taxes 70

Independent Banker

FEBRUARY 24, 2016

“I know that unnecessary regulation saps the strength of community banks.” Curry offers a brief update about a few current regulatory issues on his mind, including his agency’s concerns about signs of growing credit risk throughout the banking industry. Curry, U.S. Comptroller of the currency. An interview with U.S.

Community Bank 70

Community Bank Community Regulation Compliance 70

Abrigo

JULY 23, 2021

It is a concept that we have all heard of, however, the concept remains somewhat of a mystery in the community bank world. Weapons of mass destruction (WMD) is defined by Homeland Security as a nuclear, radiological, chemical, biological, or other device that is intended to harm a large number of people. Foreign proliferation threats.

National 195

National Training United States Regulation 195

Abrigo

FEBRUARY 24, 2020

While they are working towards a resolution, it leaves bankers in a cloud of smoke. It would be impossible to talk about cannabis banking in 2020 without mentioning the Secure and Fair Enforcement Banking Act of 2019 (SAFE Act). Compliance and anti-money laundering (AML) is going green… or is it? If so, how do you bank them?

Illinois 195

Illinois Regulation United States California 195

Independent Banker

NOVEMBER 13, 2014

ICBA Independent Banker is happy to report that robots aren’t marauding down Main Street. The Internet of Things, also known as the Industrial Internet, is where networked smart devices communicate to powerfully automate a multitude of complex tasks for both consumers and businesses, potentially including community banks.

Community Bank 71

Community Bank Community Maryland System 71

Independent Banker

FEBRUARY 25, 2015

Community banks, which will continue to face a growing number of senior customers with everyday cash needs and built-up home equity, should explore this niche lending opportunity, two community bankers providing these specialty loans suggest. who oversees 32 loan officers dedicated to providing the loans.

Trends 70

Trends Community Lending Community Bank 70

Gonzobanker

DECEMBER 19, 2017

Rainbolt has quietly built a community bank in the past 20 years that is closing in on $2 billion of market cap. For 35 years, Wilmers led M&T with creativity, integrity and the “old-school” wisdom of a community banker who created a $26 billion market cap company. GonzoBanker of the Year – Large Banks.

Conference 91

Conference Industry Community Bank Community 91

Independent Banker

OCTOBER 29, 2014

Big-brand megabanks, the Visa and MasterCard networks, and big-box merchants had signed up to become partners with Apple’s universal retail smartphone app that uses Near Field Communication and tokenization technologies. It’s become a familiar story, usually with a new splash. s entry into the payments business with Apple Pay.

Mobile 105

Mobile Community Bank Community Technology 105

Jeff For Banks

MARCH 14, 2020

Sign up for my health plan's virtual doctor visit portal. Here is what my family is doing to reduce the risk of contracting or spreading coronavirus: 1. Washing hands with greater discipline for 20 seconds per wash. Which is difficult. I'm singing the "Baby Shark" song. Coughing and sneezing into our elbows. In case we need it.

ATM 78

ATM Policies US Management 78

Gonzobanker

DECEMBER 22, 2014

It’s been a busy year integrating recent acquisitions, purchasing $1 billion+ in Banco Popular deposits, hiring former Los Angeles Mayor Antonio Villaraigosa to advise on community relations, and having former President Bill Clinton speak at a major financial literacy event. Nice community bank culture fit between the two as well.

Los Angeles 101

Los Angeles Apple Risk Management California 101

Jeff For Banks

DECEMBER 12, 2015

A banker told me yesterday that if I wanted headlines in American Banker , put FinTech in my copy. So far I'm up to five mentions. We all know there is something to it. But look back five years to see what the doomsayers were predicting and you'll have a healthy dose of skepticism about their predictions today. Legit question.

Fintech 60

Fintech Capital Cards Bitcoin 60

Gonzobanker

DECEMBER 22, 2015

Sure, we bought some December options on west Texas crude at $100 a barrel, but it was only with a third of the 401(k)—plenty of time to make that up, right? It’s hard for any banker to avoid gulping at the sheer long-term performance of George Gleason II and his team at the Bank of the Ozarks. ” – Tom Armstrong. That’s two.

Community Bank 60

Community Bank Apple Community Technology 60

PYMNTS

SEPTEMBER 23, 2016

As September is gearing up to go into its last week, the waning warm days of the summer season certainly went out with a bang — care of the largest data breach ever recorded. It’s also a pick-up for Lyft, which can now compete with Uber, which launched its own Instant Pay service with Go Bank earlier this year. Stripe’s Instant Pay.

Data 100

Data Retail Groups Payments 100

PYMNTS

OCTOBER 30, 2017

” For fear of being shamed publicly, no one is willing to speak up and acknowledge that there’s no real “there-there” when it comes to its use as anything other than the currency of crime and speculation – even though deep down, they know that the emperor has no clothes. “Few people speak out. How right she was.

Bitcoin 128

Bitcoin cryptocurrency blockchain US 128

CB Insights

OCTOBER 26, 2020

After the collapse of Lehman and Bear Stearns and the global financial crisis that ensued, the business models of the world’s biggest investment banks needed to change. In the US, legislation emerged to forbid investment banks from prop trading, or trading with their own capital, and forcing them to keep more capital on hand.

Management 78

Management Capital Company Marketing 78