South State Correspondent

SEPTEMBER 11, 2023

On September 7, 2023, the FDIC released its banking profile. This quarterly publication provides a comprehensive financial results summary for all FDIC-insured institutions (4,645 commercial banks and savings institutions insured by the FDIC). Rising market interest rates. While banks under $10B in assets comprise 97.8%

Community Bank 195

Community Bank Community FDIC Industry 195

Perficient

NOVEMBER 17, 2023

Retail Deposits Defined The FDIC classifies retail deposits as demand or term deposits placed within an FDIC-supervised institution by a retail customer or counterparty, excluding brokered deposits. See also: An Introduction: Generative AI Use Cases for the Financial Services Industry Contact us today!

Retail 221

Retail FDIC Risk Management Management 221

Abrigo

NOVEMBER 24, 2015

Add FDIC Chairman Martin J. Gruenberg to the list of regulators and industry officials warning about growing credit risks in the U.S. Gruenberg said the industry reported another positive quarter overall, with most performance indicators showing improvement. percent in the third quarter from 34.2

FDIC 150

FDIC Lending Community Bank Industry 150

Jeff For Banks

MAY 30, 2024

trillion in domestic deposits, according to the FDIC's Statistics at a Glance. Money market total financial assets, according to the St. But the industry as a whole, not so much. But money market mutual funds seemed to be the benefactor of the switch. Nine hundred billion dollars, or 5% of deposits. What happened?

Strategy 101

Strategy St. Louis FDIC Retail 101

CFPB Monitor

AUGUST 1, 2018

The FDIC has not yet responded. Congressmen Luetkemeyer and Tipton assert that the FAQ is inconsistent with the definition of “deposit broker” under 12 C.F.R.

FDIC 68

FDIC Regulation Innovation Resources 68

South State Correspondent

JULY 30, 2023

How should community banks target and compare their ROE to the industry and their peer group, and what defines a top-performing bank? Bank ROE Historical Performance Total assets for all FDIC-insured institutions was $23.7T of industry assets but represent almost 97% of the number of banks in the country. as of Q1/23.

Community Bank 195

Community Bank Community Capital Policies 195

South State Correspondent

MAY 7, 2024

With the assistance of the FDIC, Fulton Financial acquired certain assets, debt and deposits of Republic Bank. However, if our industry cannot properly analyze a bank’s root cause of failure in a post-mortem, then bankers may be bound to repeat the same mistakes over and over again.

Risk Management 195

Risk Management Security Management Groups 195

PYMNTS

OCTOBER 1, 2019

In the next 10 years, as robots and other tech bring about the “greatest transfer from labour to capital” the industry has witnessed, per a report by Wells Fargo analysts, U.S. Wells Fargo’s team of analysts in financial services and technology examined technology’s impact throughout the banking industry in the U.S.

Technology 217

Technology FDIC US Big Data 217

PYMNTS

FEBRUARY 19, 2019

banking industry is in flux, largely thanks to federal policy that has made it easier (and faster) for institutions to merge. As concerns are raised about how industry consolidation might impact competition, Federal Reserve Chairman Jerome Powell is warning that it could hinder small businesses’ access to capital and financial services.

Marketing 108

Marketing Community Community Bank Industry 108

South State Correspondent

SEPTEMBER 12, 2022

The banking industry’s cost of funds (COF) is highly correlated to short-term interest rates. Many bankers see the data above as innocuous, but we need to understand what this portends for the industry. Most importantly, the industry’s lag between short-term rates and COF has historically been approximately six months.

Community Bank 195

Community Bank Community Industry Online 195

PYMNTS

FEBRUARY 19, 2020

The area encompasses New York City, its suburbs and parts of New Jersey, “a very dense urban market in most instances, so there’s a lot of potential duplication of bank branches,” said Walter Bialas, director of research at Jones Lang LaSalle , the world’s second-largest commercial real estate services firm. markets in the study.

New York 167

New York North Carolina US New York City 167

PYMNTS

SEPTEMBER 30, 2020

However, the banking industry doesn’t like that one bit. “We Commercial companies accessing a payments charter would avoid oversight and regulations that protect the financial system and consumers,” the bank industry leaders wrote. FDIC), the states and the courts. Specific Concerns .

Regulation 349

Regulation National System Industry 349

South State Correspondent

JANUARY 10, 2024

The market expects the current inverted yield curve to remain through much of 2024 (based on long-term interest rates and the expected rate cuts in 2024). We estimate that approximately another 500 use hedging programs that keep the derivative off balance sheet (thus not reportable by FDIC). Only 304 banks (or 6.7%

Community Bank 195

Community Bank Community National Regional 195

Perficient

AUGUST 9, 2022

The financial services industry has made major strides in amping up its overall customer experience game; however, there is still a deficit in the personalization and accessibility of products and services for many Americans. Contact our financial services industry experts today. Trust and Transparency. .

Community 275

Community Customer Experience ATM Examples 275

PYMNTS

OCTOBER 1, 2019

In the next 10 years, as robots and other tech bring about the “greatest transfer from labour to capital” the industry has witnessed, per a report by Wells Fargo analysts, U.S. Wells Fargo’s team of analysts in financial services and technology examined technology’s impact throughout the banking industry in the U.S.

Report 100

Report FDIC US Big Data 100

Abrigo

FEBRUARY 12, 2020

commercial real estate industry, with geopolitical, economic and local regulatory issues in keen focus,” real estate services firm CBRE wrote recently in its U.S. Real Estate Market Outlook. MBA Vice President for CRE Research Jamie Woodwell said in a news release that low interest rates gave CRE markets a boost last year. “In

Lending 195

Lending Trends FDIC Survey 195

Gonzobanker

FEBRUARY 1, 2024

Early this week, the conference was the epicenter of discussions, where 2,000 attendees descended upon Arizona to strategize and set the tone for our great industry’s future. We can’t sleep on non-bank competition, bigger banks controlling even greater market share, or big tech and embedded finance. Five Hundred? (Oh

Conference 88

Conference FDIC Arizona Industry 88

PYMNTS

JUNE 13, 2017

Which means it really doesn’t come as all that huge a surprise that as of June 6th, SoFi had applied for a new (de novo) bank charter according to the FDIC. Officially SoFi is looking for an industrial loan charter under the name SoFi Bank in Utah. SoFi has confirmed the news. The bank will offer no other products and services.”.

FDIC 100

FDIC Utah Millennials ATM 100

Abrigo

MAY 5, 2022

or largely focused on the domestic banking market. If you have an interesting podcast to share, please send it to marketing@abrigo.com. Ahead of the Curve: A Banker’s Podcast Ahead of the Curve: A Banker’s Podcast has insights from banking leaders and advisors across the banking industry.

Community 195

Community Lending Maine Resources 195

PYMNTS

DECEMBER 16, 2018

That marketing material was removed from the page over the weekend, as were tweets promoting it at the launch — the FinTech is now calling the offering a cash management service, reported Bloomberg. The executives told Bloomberg they are working with regulators and are in the process of overhauling the marketing material related to it.

FDIC 191

FDIC Fintech Regulation Report 191

Abrigo

NOVEMBER 11, 2019

Bankers since the financial crisis have become accustomed to seeing language like the following: “The FDIC is re-emphasizing the importance of prudent interest rate risk oversight and risk management processes to ensure FDIC-supervised institutions are prepared for a period of rising interest rates.” FDIC FIL-46-2013 October 8, 2013.

Management 150

Management FDIC Community Risk Management 150

Gonzobanker

JUNE 1, 2023

What board members need right now more than anything is information and facts that recognize the seriousness and urgency of the current industry environment. Executives striving to maintain confidence with the board should consider the following four priorities: 1.

Capital 157

Capital Strategy social media Analysis 157

PYMNTS

JUNE 25, 2019

Its takeover of Seed strengthens its position in the small business FinTech market. “Our vision is to become a one-stop shop for the FinTech industry,” said Cross River Founder, Chairman and CEO Gilles Gade in a statement. Reports noted that the bank declined to disclose financial details of the takeover. reports said.

Community Bank 116

Community Bank Community Digital Banking FDIC 116

South State Correspondent

APRIL 30, 2022

Based on the futures market, the Federal Reserve is expected to raise the Fed Funds rate to 3.00% at its December 2022 meeting. In this article, we analyze the industry’s cost of funding earning assets (COF) and track how community banks’ COF behaves relative to larger banks. Historical Cost of Funds Analysis.

Community Bank 195

Community Bank Strategy Community FDIC 195

Abrigo

MARCH 2, 2023

Takeaway 2 According to Forrester data, firms pursuing technology-driven innovation grow three to four times faster than industry averages. But as Southwest’s scheduling system crisis over the holidays showed banking and all other industries, technology shortcomings create enormous costs in the short-term and in the future.

Technology 195

Technology Lending Community Software 195

Insights on Business

FEBRUARY 22, 2019

New IBM research that analyzed data [3] between a bank’s deposit share vs. branch coverage in a market revealed four forces at play. The four forces are: Traditionally banks grew by opening branches under the assumption of a linear relationship between share of business and the number of branches in a market. See figure 3.

Branding 143

Branding FDIC Retail Leadership 143

Jeff For Banks

AUGUST 14, 2022

But what it turned out to be is nothing more than old fashioned thuggery where the government would use the safety and soundness mandate so their regulatory bodies could pressure financial institutions from doing business with disfavored industries. What were disfavored industries? OPC formally ended in 2017. Climate risk.

Operations 78

Operations Lending Industry FDIC 78

PYMNTS

OCTOBER 25, 2019

The Commodity Futures Trading Commission ( CFTC ), Federal Deposit Insurance Corporation ( FDIC ), Office of the Comptroller of the Currency ( OCC ), and the Securities and Exchange Commission ( SEC ) have announced that they are joining the Global Financial Innovation Network ( GFIN ). Colorado’s bill does have support from some lawmakers.

Colorado 102

Colorado Regulation Innovation Wyoming 102

Jeff For Banks

JANUARY 14, 2021

If I ignore where I was wrong then I am as guilty of willy-nilly prognostications that I sometimes think industry pundits engage in. When I made that speech in 2008, there were approximately 8,500 FDIC-insured financial institutions and today that is around 5,000, a 40% decline. Prediction: The General Bank will become extinct.

Community Bank 130

Community Bank Community FDIC Strategy 130

Jeff For Banks

JUNE 2, 2023

//Jeff Marsico remarks to the 2023 New Jersey Bankers' Association Annual Convention: May 19, 2023// Four decades ago, the prolonged savings-and-loan crisis devastated the industry. By comparison, non-high-tech industries lost 689,000 jobs between 2001 and 2002 but recovered the lost jobs by 2004. trillion failed.

FDIC 78

FDIC Community Bank Regulation Lending 78

CFPB Monitor

APRIL 13, 2022

In opposing efforts by federal and state lawmakers to impose rate caps on small-dollar loans, industry representatives have pointed out the harm that a rate cap can create for consumers, particularly those with less than perfect credit, by reducing access to credit.

Report 78

Report Lending FDIC Regulation 78

PYMNTS

JULY 16, 2019

In the continued linkups between banks and FinTech upstarts, new markets beckon across various borders. Among the latest examples, N26 , which is a digital-only bank based in Europe, has entered the US market through partnership with Axos Bank in order to offer FDIC insured accounts.

Digital Banking 101

Digital Banking US FDIC Cards 101

Jeff For Banks

JUNE 4, 2018

"The FDIC recently has observed instances of liquidity stress at a small number of insured banks." So opened the Summer 2017 FDIC Supervisory Insights issue. At a recent banking conference an industry consultant said, matter of factly, that in times of stress your Federal Home Loan Bank (FHLB) borrowing capacity would dry up.

FDIC 60

FDIC System Regulation Conference 60

Independent Banker

JULY 31, 2022

Locality Bank, a digital-first community bank serving south Florida that opened in January, is run by industry veterans with such successful track records that regulators signed off on their application for a charter in less than a year. Name: Locality Bank. Assets: $55 million. Location: Fort Lauderdale, Fla. Keith Costello, Locality Bank.

Florida 91

Florida Community Bank Community FDIC 91

Gonzobanker

MAY 4, 2020

All the capital flowing into the digital fintech space is helping to solve banking industry challenges. As the industry’s appetite for digital technology grows, the capital that’s been flowing into mostly digital-focused fintech is solving real industry challenges right now. Unnamed Industry Heavy, March 2020.

Fintech 109

Fintech FDIC Capital Community Bank 109

American Banker

OCTOBER 20, 2020

Regulators said they will allow banks to deduct Treasury securities — a source of market volatility in the pandemic — from the net stable funding ratio on the same day they provided relief from auditing requirements.

Industry 41

Industry Regulation Security Marketing 41

PYMNTS

NOVEMBER 23, 2017

New York Venture Bank, a new financial institution (FI) created by big names in the financial services industry, has applied for a national bank charter. FDIC), the news report noted the new bank will begin with $100 million in capital. According to a Wednesday (Nov. According to a Wednesday (Nov. and John Flemming, Carpenter & Co.’s

New York 100

New York National FDIC Lending 100