Independent Banker
JANUARY 31, 2022
“There is a lot of time and energy spent, not only making sure that credit decisions are appropriate, but also managing the compliance aspect,” Maher says. Beth Mattson-Teig is a writer in Minnesota.
Independent Banker
OCTOBER 1, 2022
Cyber insurance not only provides financial reimbursement for losses; it also equips the insured with access to a list of preapproved incident response experts that are required to help the bank manage a cyber event. The banking industry could face greater regulatory scrutiny and pressure ahead on how they’re managing cyber risks.
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Independent Banker
DECEMBER 28, 2015
Far more than any other issue, regulatory compliance is the biggest challenge community bankers experienced in 2015, with 43 percent naming it as such in ICBA’s State of the Community Banking Industry survey. Get compliance involved from the outset of, say, a new product or a new service or a new type of loan,” LaNore says.
Independent Banker
JUNE 30, 2022
But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. First State Bank Minnesota. Citizens Bank Minnesota. American National Bank of Minnesota. By Ed Avis. Methodology. Security Bank Midwest.
Gonzobanker
DECEMBER 14, 2023
Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. Merger of Equals Deal of the Year (Credit Union) – Spire Credit Union and Hiway Credit Union put 2+2 together to make a $4 billion institution in the Minnesota market. and Summit Financial Group, Inc.
PYMNTS
DECEMBER 27, 2016
“Our overarching mission is to provide compliance services for small businesses, businesses that don’t have in-house attorneys or tech professionals, to provide the info that small businesses need to comply with employee management and tax reporting requirements,” said Susan Drenning, president of ComplyRight Inc.
Independent Banker
OCTOBER 31, 2021
First State Bank & Trust now automatically issues compliance disclosures within its Consumerbot and Mortgagebot platforms. Previously, documents would be submitted and an employee would have to manually move those electronic documents to the bank’s document management system. Beth Mattson-Teig is a writer in Minnesota.
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