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Community Banks Aim To Amplify Competitive Edge With FinTechs

PYMNTS

Community banks are much better positioned to provide personalized service to small business customers; large national banks simply aren’t equipped or motivated to do so.”. The FDIC’s Advisory Committee on Community Banking offered a platform through which community bankers could highlight these challenges.

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Powering-Up Tools: Your Membership Resources

Independent Banker

An interview with Paul McGuire, ICBA’s executive vice president, national solutions group. With a consultative approach, I ensure members’ needs are being met through our eight regional offices,” he says. IB: Talk about the role of ICBA’s regional offices for members. Meet ICBA’s Membership Contact. Paul McGuire.

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Disruptive technology will not kill banks

Jeff For Banks

Now the amount of money in US registered investment companies exceeds that in FDIC insured banks. But wait, ING Direct grew to $92 billion in assets until ING Group divested it to Capital One. Was Vanguard a disruptor? The branch is king, and if you don''t have one in a market, you will not succeed there.

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California Consumer Group Calls for Mnuchin Investigation After Leaked Memo

American Banker

A California consumer group on Thursday urged the Senate Finance Committee to delay Treasury Secretary-designate Steven Mnuchin's nomination hearing after a leaked 2013 memo described alleged illegal foreclosure practices at OneWest Bank when he was chairman and CEO.

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PNC's 3Q Profit Declines on Higher Taxes, FDIC Surcharge

American Banker

Third-quarter profit at PNC Financial Services Group in Pittsburgh declined on a yearly basis as a higher tax rate and increased expenses ate into improved revenue in both lending and fee-based products.

Taxes 28
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Bankers: Is your strategy the same as your competitor?

Jeff For Banks

The amount of deposits available to us while maintaining full FDIC insurance protection for our trust customers has consistently exceeded $30 million for the last three years. We are able to utilize relatively low cost deposits provided by our trust activities to fund additional loan growth. NYSE: PB) "Prosperity Bancshares, Inc.®,

Strategy 100
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The OCC’s CRA final rule: changes and highlights

CFPB Monitor

The final CRA rule is an effort by the OCC to provide objective measures to evaluate the CRA performance of national banks and savings associations supervised by the OCC (including federal and state-chartered savings associations and uninsured federal branches of foreign banks).