Perficient St. Louis Rolls out 1st Annual Bowling Event

Perficient Financial Servies

Perficient St. Louis colleagues spared* some time Tuesday afternoon to take part in some friendly competition at the local bowling alley. “We had over 70 people show up and it was a ton of fun,” said Jason Hudnell, general manager, St. Louis Operations. Life at Perficient Life at Perficient St. Louis

St. Louis Office Rolls out 1st Annual Bowling Event

Perficient Financial Servies

Perficient colleagues in St. Louis spared* some time recently to take part in friendly competition at a local bowling alley. A total of nine teams comprised of colleagues from eight different departments hit the lanes for the 1st Annual STL Bowling Event, hosted by the St. Louis office’s culture committee. “We had over 70 people show up and it was a ton of fun,” said Jason Hudnell, general manager, St. Louis Operations. louis

Groupon Expands Food Delivery Service To St. Louis

PYMNTS

Groupon announced on Wednesday (Oct.12) that its on-demand food delivery service, Groupon To Go, has expanded to St. Louis. We’re thrilled to bring Groupon To Go to St. Louis and give our customers easy access to the food they want, when they want it,” said Dan Roarty, senior vice president of restaurants at Groupon, in the press release. “St. Groupon has a delivery presence in more than 40 markets, and St. Louis is the third to use the Groupon To Go brand.

Scott CU Sponsors NHL's St. Louis Blues

Keith Leggett's Credit Union Watch

Scott Credit Union (Edwardsville, IL) and the St. Louis Blues announced a five-year sponsorship agreement. Scott Credit Union’s agreement with the Blues includes naming rights to the new exclusive Rinkside Club & Pub 67 inside of the Enterprise Center. The agreement also includes signage for the credit union in the arena and in concourse areas during events. The price tag of the sponsorship deal was not disclosed. Read the press release. Branding Naming Rights Sponsorships

St. Louis Fed Examines the Topic of CUs Acquiring Banks

Keith Leggett's Credit Union Watch

An article in the Federal Reserve Bank of St. Louis Regional Economist examines the topic of credit unions acquiring banks. The article notes that the acquisition of another financial institution by a credit union is a faster way to grow compared to organic growth. One possible reason for a credit union acquiring bank is an expansion of its business loan portfolio.

How a Globalizing Payments Market Brought St. Louis and a Melbourne-Based FinTech Company Together

Let's Talk Payments

Now more than ever, the payments market is becoming global, evident by studying the Asian and Australian markets which are two of the largest markets for financial services and financial. Fintech Insights Asia Europe insights US

Enterprise Financial Names St. Louis Entrepreneur as New Chairman

American Banker

has named a prominent St. Louis private investor and entrepreneur as its next independent chairman. Enterprise Financial Services Corp. in Clayton, Mo., breaking_news people recruitment community-banking

Scott Credit Union Signs Sponsorship Deal with St. Louis Cadinals

Keith Leggett's Credit Union Watch

Scott Credit Union (Edwardsville, IL) has entered into a three year sponsorship agreement with the St. Louis Cardinals. The sponsorship agreement includes naming rights to the MVP Deck in left center field at Busch Stadium. It also includes scoreboard advertisements, sponsorship of the Cardinals promotional giveaway night on August 26, player appearances, as well as partnership with Team Fredbird at community events.

First Bank in St. Louis lines up next CEO

BankThink

Shelley Siefert will also become the bank's president in May. Women in Banking Community banking Succession planning C-suite Missouri

Data breach confirmed at St. Louis Fed

CU Insight

The Federal Reserve Bank of St. Louis confirmed that hackers hijacked its domain name servers in April, and warned of a potential data breach as well as exposure to malware. In a statement, the St. Uncategorized Credit Union Times Data Breach St. Louis Fed

Why U.S. Bancorp Is Building Credit Union Branches in St. Louis

American Banker

An unusual investment by the Minneapolis company shows how big banks are developing innovative partnerships to deliver financial services in low-income neighborhoods. dealmaking-strategy underbanked mo national-regional

The Welcoming World of Perficient

Perficient Financial Servies

Life at Perficient We Value Life at Perficient St. Louis PeopleOur Perficient colleagues share how they live and breathe our core values. Here, Becky Montemayor, Alliance Manager, E-Commerce Partnerships, writes about how welcoming and collaborative the people are here at Perficient.

NAFCU asks St. Louis Fed to clarify e-sig acceptance

CU Insight

NAFCU’s Andrew Morris in a letter yesterday asked the Federal Reserve Bank of St. Louis to develop and adopt guidelines related to its Borrower-in-Custody (BIC) program in order to allow electronic signatures on auto loans as pledged collateral. Louis Federal Reserve.

First Busey to take big leap in St. Louis with latest acquisition

BankThink

The Illinois company will become one of the area's top 10 banks after buying Bank of Edwardsville. Community banking M&A Capital Growth strategies Illinois Missouri

Perficient Grows with Innovation

Perficient Financial Servies

Life at Perficient We Value innovation Life at Perficient St. LouisOur Perficient colleagues share how they live and breathe our core values. Here, Kelley Farrell, Digital Marketing Coordinator, writes about how innovation inspires and leads to growth.

Exec reaches top after steady climb at Enterprise in St. Louis

BankThink

James Lally will succeed Peter Benoist as CEO of the $4.1 billion-asset company at its the annual meeting this spring. Succession planning Strategic planning C-suite

The warning signs in consumer credit data

BankThink

Consumer lending Savings accounts Credit cards Auto lending Student lending Student loan debt Mortgages Federal Reserve Bank of New York Federal Reserve Bank of St. Louisconsumers are borrowing more than ever to buy homes and cars, pay for college and even finance every day purchases. Is it a display of confidence in the U.S. economy or are many households living far beyond their means?

‘There’s a sense of unfairness about it’: Fed's Bullard

BankThink

Louis Fed President James Bullard explains why community banks feel they were hit with unduly tough regulations after the financial crisis. Financial regulations James Bullard Federal Reserve Bank of St. Louis

Small banks were better off in pre-crisis reg regime: Fed’s Bullard

BankThink

The president of the St. Louis Fed said that regulators should go back to the pre-Dodd Frank framework for small banks, while warning about changes to the system as fintechs expand their presence. Interest rates Minimum capital requirements Community banking Fintech Monetary policy Regulatory relief James Bullard Federal Reserve Bank of St. Louis FOMC Equifax

Edward Jones Partners With SixThirty to Support Financial Technology Startups

Let's Talk Payments

LOUIS, MO – April 18, 2017 – Financial services firm Edward Jones today announced a multi-year partnership with SixThirty, a St. Louis-based venture fund that invests in financial technology (FinTech).

Lessons Learned: Banks that thrived during crisis grew loans slower prior to it.

Jeff For Banks

The St. Louis Fed recently performed a study to uncover the characteristics of community banks that thrived during the financial crisis. bank lending banking Federal Reserve Jeff Marsico Kafafian Group lending lending function loans McChesney Martin senior lender St. Louis Fed Thriving banks were defined as under $10 billion in assets, and maintained a composite CAMELS 1 rating in each exam cycle from 2006-11, an impressive accomplishment.

Class Action Lawsuit Alleges First Community CU Levies Multiple NSF Charges on Same Transactin

Keith Leggett's Credit Union Watch

A class-action lawsuit accuses First Community Credit Union (St. Louis, MO) of charging members with multiple "insufficient funds" (NSF) fees on a single transaction. The lawsuit was filed on March 25, 2019 in St. Louis District Court. The lawsuit alleges this practice is contrary to the credit union's account agreements. The plaintiff is Leassa Kellerman. Read the press release. Credit Union Practices Lawsuit

Stifel to bolster wealth management operations with bank purchase

BankThink

The investment bank agreed to buy Business Bancshares in St. Louis. Community banking M&A Investment banking Capital Missouri

St. Louis Deal: 1.75% On 31-Month CD

Bankrate

FCB Banks has an odd-term CD that beats much of the national competition. But you must buy them at one of the bank''s 14 branches. CD Rates cd rates leaderboard certficates of deposit fcb banks odd term cd

Suburban St. Louis Credit Union Touts CD

Bankrate

Scott Credit Union is paying its 243,000 members in Illinois and Missouri 1.59% APY on a 30-month CD. CD Rates

Beware the “waterholing” hack

ABA Community Banking

Louis Fed may have been most recent major victim Risk Management Cyberfraud/ID Theft. 1Risk Management

Missouri bank recruits veteran banker to join its board

BankThink

Mike Walsh, former CEO of Jefferson County Bancshares, has become a director at St. Louis Bank. Community banking Corporate governance Succession planning Missouri

RedDough takes on payday lending

CU Insight

The combination of persistent poverty and little state regulation has made St. Louis “a hotbed for fringe banking, check cashing and payday lenders” charging an average 450 percent APR to borrowers who can least afford it, says Patrick Adams, CEO of St.

Why this small bank created a separate, digital-first brand

BankThink

Midwest BankCentre in St. Louis, with the help of a stable of fintechs, started Rising Bank to keep up with big banks in the hunt for deposits and millennial customers. Digital banking Consumer banking Digital ID Digital marketing Mobile banking Identity verification Online banking Disruptors Community banking Jack Henry & Associates

Federal Reserve names Sapenaro as lead on payments initiatives

BankThink

Dave Sapenaro, first vice president and chief operating officer at the Federal Reserve Bank of St. Louis, will oversee the Fed's payments system improvement initiatives. Faster payments

‘It’s the little things that matter’

CU Insight

A few years back Patrick Adams, CEO of St. Louis Community Credit Union, suffered a heart attack—and survived. Industry News CU Magazine CUNA CUNA Councils Patrick Adams St. Louis Community Credit UnionHe shared his story Friday at the co-located CUNA Technology Council and CUNA Operations & Member Experience Council Conferences in San Francisco.

A 'Road Map' Around Rate Risks, Courtesy of the Chicago Fed Chief

American Banker

LOUIS – Risk management is critical as small banks aim to make money in a low-rate environment. breaking_news community-banking dealmaking-strategy interest-rates fed commercial-lending law-regulation

Fed at-risk list includes liquidity, cybersecurity

BankThink

The Federal Reserve System is trying to be proactive in these and other high-profile areas, offering educational materials and coaching to bank execs and directors, according to supervision officials at the St. Louis and Richmond Fed banks. Women in Banking Community banking Cyber security Fintech Liquidity requirements Credit quality CRA Federal Reserve OCC FDIC

The Smaller the Bank, the Harder the Reg Hit: Fed's Stackhouse

American Banker

Julie Stackhouse, head of supervision at the Federal Reserve Bank of St. Louis, discusses the insights that resonated at the regulator's recent community banking conference — some encouraging for the future of small financial institutions, others less so.

Federal Reserve names Sapenaro as lead on payments initiatives

Payments Source

Dave Sapenaro, first vice president and chief operating officer at the Federal Reserve Bank of St. Louis, will oversee the Fed's payments system improvement initiatives. Faster payments

10.49% loan growth for our KickStart client

Everything CU

Testimonials credit union credit unions EverythingCU.com growth Holy Rosary CU increase kickstart lending Missouri MO online portfolio results ROI St. Louis While the NCUA has not yet released the 4th Quarter 2012 5300-data for all CUs, it is available for many CUs on an individual basis. We can’t help but be beaming proud of Carole Wight and Holy Rosary CU… and the terrific results she’s getting with her EverythingCU.com KickStart.

Scott Credit Union signs MLB sponsorship deal

CU Insight

The $1 billion Scott Credit Union signed a sponsorship deal May 12 that includes the naming rights of an MVP deck at Busch Stadium, the home field of Major League Baseball’s St. Louis Cardinals. Louis Cardinals

Matz: Don’t break up big banks

CU Insight

In an op-ed piece published in the St. Louis Post-Dispatch April 10, NCUA Chairman Debbie Matz laid out her reasons for keeping big banks in their current form, noting these reasons are spelled out in the Dodd-Frank Act. Daniel Young NCUA St. Louis Post-Dispatch

7-Eleven Launches Beer Delivery In Select US Markets

PYMNTS

Lauderdale, Florida; New York, New York; Norfolk-Portsmouth, Virginia; Orlando-Daytona, Florida; Phoenix, Arizona; Portland, Oregon; Sacramento, California; San Antonio, Texas; San Diego, California; San Francisco, California; Seattle-Tacoma, Washington; St.

Burger King’s Impossible Burger Test Brings In Traffic

PYMNTS

Following the pilot-test rollout of a Whopper made with the vegetarian-friendly Impossible Burger, locations in Burger King ’s St. Louis test market reportedly exceeded the restaurant’s foot traffic national average by 18.5

Chase Plans Expansion In Top US Markets In 2019

PYMNTS

The new locations will include Charlotte, North Carolina; St. Louis, Missouri; Pittsburgh, Pennsylvania; Kansas City, Kansas and Greenville, South Carolina, among others.

Claim: Racial Disparities Rampant in Three Midwest Metro Areas

American Banker

Mortgage originators aren't lending enough to people of color or the poor in the St. Louis, Milwaukee and Minneapolis metropolitan areas, the National Community Reinvestment Coalition said. breaking_news law-regulation mortgage housing consumer-finance

Smart Questions (and Some Answers) About Community Banking

American Banker

Those questions were among the many addressed by researchers at the recent community banking conference in St. Louis hosted by the Federal Reserve and Conference of State Bank Supervisors. Does scale matter to a community bank?