South State Correspondent

NOVEMBER 25, 2014

'Since summer, there has been a wave of shared experience started by a largely unknown French economist that produced “Capital in the Twenty-First Century.” Written by Thomas Piketty, the tome has become the conversation piece du jour among bankers. In case you missed it, the book is about economic inequality. This is no Fifty Shades of Grey, as considering the book is 700 pages packed with data, French economic history and obscure references to Jane Austen, it is wonderment that it is a bestsel

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Capital Data 247

Abrigo

NOVEMBER 24, 2014

'The prevalence of stress testing within banks and credit unions has risen considerably in recent periods thanks to increased regulatory attention and the benefit of greater insight into financial institutions’ portfolios. While there aren’t set requirements in place for those under $10 billion in assets, interagency expectations have been set for stress testing by community banks.

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How To Analysis Exercises Data 223

Finer Points

NOVEMBER 24, 2014

'As we look toward Thanksgiving with thoughts on all of life’s blessings, community bankers recently got a bit of good news that we can all be thankful for. Following relentless ICBA outreach, the administrator of the Libor index announced it is waiving a $16,000 annual fee for more than 6,000 community banks. That is a […].

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Community Bank Community 184

Celent Banking

NOVEMBER 26, 2014

'Usually, during the Autumn season, I make a few trips to the United States for conferences and client visits. This year was no exception and I have recently come back from two trips to Las Vegas and San Antonio. EMV migration in the US was high on the agenda during both visits and I came back with two takeaways: 1) the US market is finally serious about EMV and preparations are going full steam ahead and 2) I am glad it is happening.

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South State Correspondent

NOVEMBER 24, 2014

'We think this is a brilliant calculation and sums up the current environment nicely. According to our friends over at Continuity Control (with a cool phone number of 888.We.cmply), there were 82 new regulatory changes in 3Q that took up 3,404 pages – the most since 1995. In response to those changes, community banks had to spend 653 hours (the full-time employee equivalent of 1.86 bankers) just to read, understand and comply.

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Community Bank Community 247

Independent Banker

NOVEMBER 24, 2014

'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. The association accepted nominations online throughout the month of September, allowing anyone to recommend a community banker for consideration. Judging Criteria. More than 400 community bankers were nominated by their colleagues and professional associates for the Community Banker of the Year recognitions.

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Community Oakland Wyoming Regional 116

Jack Henry

NOVEMBER 26, 2014

'Author: Mark Messick, MMessick@profitstars.com. While on vacation recently, I had a moment to reflect on my benefit elections for the upcoming year. For the last several years, we’ve chosen to elect a high deductible plan and put money into an HSA each pay period. It has helped us control costs, but we’ve also been lucky. Lucky that we’ve had no major medical issues or expenses that would have depleted the HSA and left us with a big bill.

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Payments US Marketing Company 117

South State Correspondent

NOVEMBER 26, 2014

'No matter what your definition of a six pack is, competitive pressure must be erasing memories at many banks, as it was only five short years ago that the presence of tight covenants allowed many banks to work out loans and salvage principal. Given the increase in loan competition, loan covenants are now more important than ever as borrowers could be under more credit pressure with potentially higher costs and lower collateral values.

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Abrigo

NOVEMBER 25, 2014

'Clients of accounting services hold their accountants as one of their most trusted business advisors. This high level of confidence positions you, as a CPA, in a role where you can offer services beyond commodities such as bookkeeping and tax preparation. In a recent case study , Sageworks’ customer Mueller Prost LC, describes how utilizing ProfitCents has helped them become a strategic partner to their clients rather than just another vendor.

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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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Independent Banker

NOVEMBER 24, 2014

'“I believe that you need to get in the trenches with your people and give them a helping hand. One person cannot do it all—there’s just way, way, way too much to do.” —Jim Gowen, Merchants & Planters Bank. In Arkansas, Jim S. Gowen Sr. offers a “humanly simple” leadership style of looking out for others. Central Region Award Recipient. Jim Gowen Sr. , Merchants & Planters Bank.

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St. Louis Community Bank Community Leadership 105

CFPB Monitor

NOVEMBER 24, 2014

'Peter N. Cubita The U.S. Supreme Court has set January 21, 2015 as the date for oral argument in. Texas Department of Housing and Community Affairs v. The Inclusive Communities Project, Inc. , which is the case presenting the issue whether disparate impact claims are cognizable under the Fair Housing Act. The petitioners’ merits brief was filed on November 17th.

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Texas Community 104

Jeff For Banks

NOVEMBER 28, 2014

'As a former sailor, I take offense to the post title. As if I spent my family''s food money on alcohol while on shore leave. I only spent my food money. But the phrase is synonymous with spending money without direction or regard to consequence. And sometimes, we bankers fall into the trap of not considering our operating expenses as strategic investments.

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Digital Strategies Strategy Operations Seattle 97

Abrigo

NOVEMBER 25, 2014

'For some accountants, tax and audit services are attractive for the recurring revenue streams and steady client base they provide. Some of those same accountants believe they’re too busy to provide value-added type 2 services such as business valuations, so they refer out their clients who have needs in those areas. Indeed, more than 35 percent of financial professionals polled during a recent webinar on how to prepare for booming growth in the valuation industry said they have sent clien

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Taxes Guidelines Maine Regional 170

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Independent Banker

NOVEMBER 24, 2014

'“From the beginning, we’ve really tried to keep things simple. We let our actions speak for the bank.” —Mark Zaback, Jonah Bank of Wyoming. Under the big Montana sky, Mark Zaback helps lead a community bank with a cowboy code. Western Region Award Recipient. Mark Zaback , Jonah Bank of Wyoming. Casper, Wyo. Title: CEO. Bank assets: $280 million. Retail locations: Three.

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Wyoming Kansas City Community Bank Community 94

SWBC's LenderHub

NOVEMBER 25, 2014

'The process for collecting past-due loan accounts is extremely challenging for many financial institutions. It can be tedious because most institutions use a manual rather than an automated process, leading to low productivity. However, transitioning your in-house collections to a seamless and efficient process is not as difficult as you may think.

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Risk Management Management 79

CFPB Monitor

NOVEMBER 24, 2014

'Barbara S. Mishkin CFPB Assistant Director for Servicemember Affairs Holly Petraeus has issued a statement applauding changes to the military discretionary allotment system announced last week by the Department of Defense (DoD). The military discretionary allotment system allows servicemembers to automatically direct a portion of their paycheck to financial institutions or others of their choosing.

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System Retail Operations Payments 74

Gonzobanker

NOVEMBER 27, 2014

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New Jersey Oregon Training Course 68

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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.

Lending

Independent Banker

NOVEMBER 24, 2014

'“For Ron, giving back to the community is part of the essence of who he is. Don’t expect to find him home on a weeknight!” —Laurence Bensinger, EagleBank. With vigor and a strong commitment to service, Ron Paul leads a rapidly growing community bank in Maryland. Eastern Region Award Recipient. Ronald Paul , EagleBank. Bethesda, Md. Title: Chairman and CEO.

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Community Washington Community Bank Maryland 70

Banking 2020

NOVEMBER 24, 2014

'Anybody remember the last time Brad Pitt showed up in a big-screen movie that didn’t have much blood and gore? Animation aside, that would probably be Moneyball , an absorbing analysis of the moves made by Oakland As manager Billy Beane to rely more on technology-driven data than old-school scouting to put together his 2002 roster. The process didn’t remove all human elements, of course—each selection was very much his call—but it did send a shudder down the spine of every baseball

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Oakland Analytics Regulation Examples 70

CFPB Monitor

NOVEMBER 24, 2014

'Barbara S. Mishkin The CFPB’s first publicly announced criminal referral has resulted in a nine-year sentence for the principal of a debt settlement company, who pled guilty to several of the charges. The referral, which was made to the U.S. Attorney for the Southern District of New York, arose out of the CFPB’s investigation of two debt-relief service providers and related entities and was announced by Director Cordray at a May 2013 press conference.

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Exercises New York Conference Company 74

ABA Community Banking

NOVEMBER 27, 2014

'No coverage package is perfect, so avoid nasty surprises Duties Risk Management Operational Risk Community Banking Feature Feature3.

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Risk Management Community Bank Community Operations 82

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Lending

Gonzobanker

NOVEMBER 27, 2014

'Academy of functions association reprise testosterone levels louis vuitton uk vintage personal self exhibit. “Users are proud to showcase be able to give vehicles out of the the museum that represent the elegance, style, needlework, technology and innovative spirit of auto root cause designers vanished and present or perhaps”S get show advisor frank gemstone.Public quality car farreneheit set to convey displayed use:1964 Amphicar, 1965 Aston Martin DB5–193 five Auburn Speedste

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Tomorrow's Transactions

NOVEMBER 23, 2014

'A special guest post from Consult Hyperion Associate Victoria Richardson. As she points out with this vivid example, sometimes money can be the new identity. I’m a big fan of City Car Club. I don’t have a car because mostly, I don’t need one as I’m a short walk to trains and buses. But City Car Club fits the bill for occasions where it’s just easier to travel by car.

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Cards Case Study Customer Experience Course 53

CFPB Monitor

NOVEMBER 26, 2014

'Reid F. Herlihy The CFPB issued a proposed rulemaking last week to amend various provisions of the mortgage servicing rules under Regulation X and Regulation Z. Comments are due 90 days from the date of publication in the Federal Register. Ballard Spahr’s Mortgage Banking Group will continue to analyze the proposal and work with our clients and industry groups on its impact.

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Regulation Groups Payments Industry 68

ABA Community Banking

NOVEMBER 25, 2014

'Card firms study password-less authentication standards—even heartbeats Payments Risk Management Cyberfraud/ID Theft.

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