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FDIC issues final rule on brokered deposits and interest rate limits applicable to less than well capitalized institutions

CFPB Monitor

The FDIC has issued a final rule that establishes a new framework for analyzing whether deposits made through deposit arrangements qualify as “brokered deposits” and amends the methodology for calculating the interest rate restrictions that apply to less than well capitalized insured depository institutions (IDIs).

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Community banks most likely to approve small business loans

Abrigo

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. Small regional and community banks had a much higher approval rate (90 percent) for those firms classified as “Growers.”

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The Best Checking Accounts in California of 2021

MyBankTracker

City National Bank. This list contains mostly national banks, but these aren’t your only option for opening a checking account. National banks have their perks, but one of the drawbacks is that they tend to offer a single account for every customer across the country. Lower fees than national banks (but not always).

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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 FI said earlier this month it would be working with Funding Circle and providing funds to be lent to SMBs through the online platform.

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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. The ICBA Community Bank Career Center is the community banking industry’s resource for online employment connections.

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Best of Banking Awards for 2021

MyBankTracker

Ally Bank Online Savings Account Useful savings tools and features. Discover Online Savings Consistently competitive savings rates. Santander Bank More than 575 branches and 2,000 ATMs in the region. Woodforest National Bank Large branch network. TCF National Bank Focus on financial wellness and literacy.

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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. The cash management specialist wanted to advance the product set so corporate customers could use their own interface with the banking core system instead of using the bank''s online banking tool. Was Vanguard a disruptor?