Regions Bank to shutter three mortgage-only branches
American Banker
AUGUST 17, 2023
Offices impacted are located in Chicago, Cincinnati and Kansas City, a company representative said Wednesday.
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Fed Looks To Small Banks To Bail Out SMBs
PYMNTS
MARCH 25, 2020
The Federal Reserve is looking toward a time-worn source to help with bailing out many smaller businesses and individuals as they enlist smaller regional and local banks for the job. One such bank is New Jersey-based OceansFirst, with its 118-year-old history and assets numbering $10.2 billion in the small town of Toms River.
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Small banks: Big challenges and big opportunities
Abrigo
FEBRUARY 23, 2023
The local decision-making and strong relationships with customers that are hallmarks of small community banks provide leaders with fresh chances to positively affect their towns, cities, and regions while growing a healthy institution. Balance runoff is picking up speed, according to financial consulting firm Curinos.
Regional Fed Presidents to Testify Before House Panel Next Week
American Banker
SEPTEMBER 1, 2016
Kansas City Federal Reserve Board President Esther George and Richmond Fed President Jeffrey Lacker will testify before a House panel on Wednesday.
FOMC’s Annual Rotation Portends More Hawkishness
TrustBank
DECEMBER 1, 2022
The FOMC is composed of 12 members — the seven-member Board of Governors and five members drawn from the 12 regional Reserve Bank presidents. The other four voting positions are typically filled each year on a rotating basis from the remaining presidents of the other regional Reserve Banks. We had no idea how right we would be.
CFPB Set to Release Payday Lending Proposal on June 2
American Banker
MAY 18, 2016
The bureau said Wednesday that it plans to hold a public hearing in Kansas City, Mo., The hearing will be held at the Kansas City Convention Center and will feature remarks from CFPB Director Richard Cordray, as well as testimony from consumer groups, industry representatives, and the public.
Ag lending demand increases as farm margins tighten
Abrigo
MAY 11, 2015
“Loan volumes for almost all farming purposes rose at commercial banks, as many producers contended with tighter profit margins” during the first quarter, said a recent report from the Federal Reserve Bank of Kansas City. Persistently low crop prices and elevated input costs continued to increase farmers’ short-term financing needs.”
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