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The Death of the Community Bank

Jeff For Banks

A mid-2020 survey performed by Cornerstone Advisors showed that 51% of retail customers that opened a new bank account within the last three months did so at a large, national bank. 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.

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10 Top Banking Podcasts You Should be Listening to

Abrigo

It also examines how community banks are different than other types of financial institutions, along with strategies for optimal operations. Guests and Marksberry typically talk leadership, life, and advice for listeners, all while telling stories of their journeys to leadership in the financial sector. keep me informed.

Community 195
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More Gain, Less Pain

Independent Banker

These agencies had input: the Federal Reserve, the Office of the Comptroller of the Currency, FDIC and the National Credit Union Administration. Regardless, Williquette appreciates the tool’s utility: “It’s an excellent dashboard for senior leadership and the board. Advice for others.

Tools 70
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More Gain, Less Pain

Independent Banker

These agencies had input: the Federal Reserve, the Office of the Comptroller of the Currency, FDIC and the National Credit Union Administration. Regardless, Williquette appreciates the tool’s utility: “It’s an excellent dashboard for senior leadership and the board. Advice for others.

Tools 70
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Building Financially Empowered Youth; Our Future Depends on Them

Filene

A 2013 FDIC National Survey of Unbanked and Underbanked Households showed that more than 30% of household members under the age of 24 are unbanked—significantly higher than older generations. Allowing youth to run the operations to give them business experience. Providing youth with their own space to learn about money.

Video 64
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Varo Is First FinTech to Receive Full-Service Charter from the OCC

CFPB Monitor

On July 31, 2020, the Office of the Comptroller of the Currency (OCC) approved the national bank charter application of Varo Bank, N.A., team — the first consumer fintech to receive a national bank charter. As other fintechs mature and grow nationally, the message from the federal banking system is: come on in. Varo Bank, N.A.’s

Fintech 78
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Executive order on digital assets includes roles for CFPB, FTC, federal banking agencies

CFPB Monitor

The Order sets out the following national objectives with respect to digital assets: consumer and investor protection; protection of financial stability and mitigation of systemic risk; mitigation of illicit finance and national security risks; reinforcement of U.S.

FDIC 148