ABA Community Banking

OCTOBER 1, 2019

Heated competition for bank funding is an increasingly important focus for community bank leaders, according to an annual survey released today by the Federal Reserve, the FDIC and the Conference of State Bank Supervisors. The post Survey Finds Cost of Funds Top of Mind for Community Bankers appeared first on ABA Banking Journal.

Survey 49

Survey Community FDIC Community Bank 49

ABA Community Banking

OCTOBER 19, 2020

households that are unbanked continued falling in 2019, reaching 5.4%, the lowest rate yet recorded in a biennial FDIC report. The post FDIC: Share of Unbanked Americans Reaches Record Low in 2019 appeared first on ABA Banking Journal. The share of U.S.

FDIC 56

FDIC Report Survey ATM 56

American Banker

JUNE 21, 2022

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Analysis 99

Analysis Survey FDIC Policies 99

PYMNTS

MAY 28, 2020

Hispanic immigrants have access to actual banking services, the release states, citing an FDIC survey. A survey by Welcome Technologies of 10,000 immigrants found that only 44 percent used credit cards and 54 percent had savings accounts, the release states. Less than half of U.S.

Mobile 248

Mobile US FDIC Survey 248

American Banker

JUNE 29, 2016

is launching a survey this month to collect data on the small business lending practices of insured banks. WASHINGTON -- The Federal Deposit Insurance Corp.

Survey 40

Survey Lending FDIC Washington 40

PYMNTS

JUNE 29, 2020

FDIC) is looking to modernize bank reporting. FDIC Looks To Modernize Bank Reporting. Nearly every two weeks over the last 12 weeks, PYMNTS has surveyed more than 14,000 consumers to understand the impact of the global pandemic on how they work, shop, buy food, travel and spend their leisure time.

FDIC 142

FDIC Cards Payments Regulation 142

ABA Community Banking

JUNE 25, 2019

Financial performance among minority depository institutions has significantly improved in the last five years, particularly in terms of loan performance, according to new research from the FDIC. The post FDIC Report: MDI Financial Performance Improved in Last Five Years appeared first on ABA Banking Journal.

FDIC 40

FDIC Report Survey Community Bank 40

Gonzobanker

JUNE 14, 2023

Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act. In effect, Cross River is in time out.

Compliance 109

Compliance FDIC Strategy Fintech 109

PYMNTS

MAY 26, 2016

A new report from the Federal Deposit Insurance Corporation (FDIC) shows that mobile banking can empower underserved customers to have greater control over their finances and ultimately open up access to mainstream banking. The good news is that mobile banking usage is reportedly on the rise.

Mobile 104

Mobile FDIC Survey Security 104

Abrigo

MAY 19, 2023

Learn more about the impact of CFPB 1071 rule on small business lending Meeting expectations Strategies to simplify loan review for regulatory compliance As our annual loan review survey pointed out, loan review units have a severe workforce shortage at the junior and senior levels.

System 195

System Regulation How To Lending 195

Abrigo

FEBRUARY 12, 2020

These expectations for CRE growth are reiterated in a soon-to-be released survey of just over 300 bankers by Abrigo. Nearly half of survey respondents (48%) said CRE would have the top focus for growth in their banks’ loan portfolios. Many banks throughout 2019 had reported tightening CRE standards, too.

Lending 195

Lending Trends FDIC Survey 195

Abrigo

JANUARY 8, 2016

FDIC and Federal Reserve officials told the GAO that they had been hearing similar concerns from the institutions they regulate. The FDIC officials reported they are working with examiners to help ensure they follow policies that “take into consideration the size, complexity, and risk profiles of banks,” according to the GAO study.

Regulation 150

Regulation FDIC Survey Community Bank 150

PYMNTS

MARCH 19, 2020

FDIC Approves Square for Banking License. The Federal Deposit Insurance Corporation (FDIC) granted Square a banking license to operate a de novo industrial bank in Salt Lake City. JPMorgan Chase is temporarily closing 1,000 branches — about 20 percent of its locations — in the wake of the coronavirus.

FDIC 130

FDIC Utah Payments Mobile 130

Abrigo

SEPTEMBER 16, 2019

More than two-thirds of community banks surveyed for the Conference of State Bank Supervisors (CSBS) Community Bank Sentiment Index indicated they expect business conditions will be the same or better in the next 12 months. The survey for the inaugural index included 512 FDIC banks responding from early in the second quarter through July 5.

Community Bank 150

Community Bank Community Policies Survey 150

PYMNTS

JANUARY 13, 2021

A new survey from Mercator Advisory Group has revealed that small businesses are increasing their use of credit and debit cards, according to a recent press release. FDIC) and the Treasury Department have reportedly launched an inquiry into American Express Co. Small Business Card Use On The Rise.

Cards 167

Cards Apple FDIC Samsung 167

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

PYMNTS

AUGUST 5, 2020

The Zibo tools are meant to help save time and implement new tools like Federal Deposit Insurance Corporation (FDIC)-insured business checking accounts, automated rent collection, online bill pay and expense management to help streamline tax preparation. Right now, less than 20 percent of U.S. tenants do so, according to the release.

Payments 141

Payments FDIC Tools Taxes 141

Abrigo

AUGUST 3, 2017

The FDIC paper The Entry, Performance, and Risk Profile of De Novo Banks published in April 2016 reports that the number of de novo bank failures and acquisitions annually has drastically declined since 2010, primarily due to the fact that new bank formations have become nearly inexistent.

Oklahoma City 150

Oklahoma City FDIC Handbook Oklahoma 150

PYMNTS

JUNE 25, 2019

.” The publication noted that FinTech firms collaborating with Cross River are able to take advantage of the community bank’s Federal Deposit Insurance Corp (FDIC) membership, using the FI to connect with traditional financial and banking infrastructures without having to go through the process of securing their own FDIC licenses.

Community Bank 116

Community Bank Community Digital Banking FDIC 116

Abrigo

JUNE 23, 2017

FDIC officials in March also cited excessive, unsupported or the absence of board-approved limits for CRE portfolios or portfolio segments when the regulator outlined some of the weaknesses its examiners were seeing in oversight, loan administration and underwriting at some banks with CRE portfolios.

Policies 150

Policies Risk Management Survey FDIC 150

Gonzobanker

JUNE 1, 2023

A recent Gallup survey notes 48% of Americans are worried about the safety of their money in banks. Finally, the board will be highly interested in feedback from both customers and investors, both qualitative comments and quantified feedback through surveys and polls. How worried are bank boards?

Capital 158

Capital Strategy social media Analysis 158

Abrigo

AUGUST 3, 2015

According to a recent survey by the American Bankers Association (ABA), more than 46 percent of respondents had to reduce offerings for loan or deposit accounts, or other services, at their bank because of regulatory compliance burdens. The news isn’t all bad for community banks, though.

Compliance 150

Compliance Community Bank Community Survey 150

Abrigo

APRIL 23, 2015

The 2015 Bank and Credit Union Exam Survey provides a forum to anonymously share recent exam experience. Bankers that participate in the survey will receive a comprehensive report detailing advice from their peers this summer. Bankers and credit union professionals can take the 2015 Bank and Credit Union Exam Survey here.

Community Bank 150

Community Bank Community Survey FDIC 150

PYMNTS

JANUARY 24, 2019

” The company pointed to analysis from the FDIC , whose 2018 Small Business Lending Survey found that only a few banks in the U.S. . “Aided with this new capability, Banc of California will be able to offer their local small business customers a market-leading lending program.”

California 122

California Lending FDIC Online 122

Jeff For Banks

JANUARY 14, 2021

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.

Community Bank 130

Community Bank Community FDIC Strategy 130

Abrigo

JANUARY 22, 2015

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

Community Bank 150

Community Bank Community Regional Cleveland 150

PYMNTS

MARCH 18, 2019

According to the Federal Deposit Insurance Corporation (FDIC), the percentage of unbanked Americans fell to its lowest level since the 2007-2009 financial crisis. households, is half a percentage point lower than when the survey was last conducted in 2015, and the lowest level recorded since the survey began in 2009.

America 175

America Survey FDIC System 175

Abrigo

MARCH 3, 2022

According to FDIC data, in 2016, commercial banks reported 23 million total small business loans, an increase of 4 million from 2010, with an aggregate loan balance unchanged of just over $627 billion. Changing Lending Environment. Small businesses are turning to small lenders.

Lending 195

Lending Community Marketing Community Bank 195

Abrigo

OCTOBER 28, 2022

Overall, FDIC-insured commercial banks and savings institutions aren’t seeing dramatic increases in net charge-offs ( Chart 1 ) or rates related to declining asset quality ( Chart 2 ), such as past-due rates and rates for non-current loans.

Management 195

Management Risk Management Policies Lending 195

PYMNTS

JANUARY 9, 2018

In July 2017, the Federal Deposit Insurance Corporation (FDIC) held a meeting with a group of community bankers which told officials about the competitive pressures they’re facing from FinTechs. The FDIC’s Advisory Committee on Community Banking offered a platform through which community bankers could highlight these challenges.

Community Bank 131

Community Bank Community Fintech Lending 131

PYMNTS

MARCH 26, 2020

As noted in this space last month, ADP surveys of 500 U.S. FDIC) has estimated that 8.4 Growth in Prepaid. Prepaid cards are gaining increased traction, as users find convenience in being able to access (and allocate) funds as needed. Prepaid cards also can allow those without bank accounts (i.e. It’s a sizable chunk of the U.S.

Cards 252

Cards Course FDIC Payments 252

Celent Banking

AUGUST 3, 2016

" Survey: Cash is dead! The first is a survey by Gallup of US citizens. FDIC research shows that c. In short, despite what consumers might think or say, the chances of cash dying in the US is far, far lower and further away than the survey suggests. " and "Oh, no it isn't!"

Survey 100

Survey FDIC US Cards 100

Abrigo

SEPTEMBER 22, 2015

A 2014 ICBA survey cited in the article showed that Stewart is not in the minority in her comment. The survey noted that 73 percent of respondents said that the amount of time to prepare the call report has increased over the last 10 years. Sound is a $500 million institution.

Community Bank 150

Community Bank Community FDIC Survey 150

Abrigo

JULY 20, 2021

In a recent survey of more than 250 bankers representing banks and credit unions, 61% of respondents said their financial institution plans to maintain or increase SBA loan origination this year and beyond. "In 2021 Business Lending Survey Results. In the secondary market, guaranteed loans are liquid and command a premium. Learn More.

Lending 195

Lending FDIC Capital Risk Management 195

Abrigo

JULY 20, 2021

In a recent survey of more than 250 bankers representing banks and credit unions, 61% of respondents said their financial institution plans to maintain or increase SBA lending this year and beyond. "In 2021 Business Lending Survey Results. In the secondary market, guaranteed loans are liquid and command a premium. SBA Lending.

Lending 195

Lending FDIC Capital Risk Management 195

PYMNTS

AUGUST 14, 2019

Last October, the Federal Deposit Insurance Corporation (FDIC) released a report that suggested the U.S. There is no comprehensive measure of small business lending by banks,” the FDIC’s 2018 Small Business Lending Survey report warned, pointing to a lack of standardization in the definition of a small business in the U.S.

Lending 122

Lending Cards FDIC Capital 122

Jeff For Banks

MAY 21, 2023

Maybe their names would be Fort Knox Savings, where your deposits are insured up to the FDIC limit and beyond because of reciprocal deposit features, and is easily accessible via mobile, online, and your local branch. I do get FDIC insurance, and the benefit of the branch and possibly a person to call on the phone.

FDIC 78

FDIC Strategy Marketing Branding 78