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

Associated adding heft near St. Louis with First Staunton acquisition

BankThink

The Wisconsin regional agreed to buy the parent of First National Bank in Staunton for $76 million in cash. Community banking M&A Growth strategies Wisconsin Illinois Missouri

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.

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

Regulators can be the glue in bank-fintech partnerships: FDIC chief

BankThink

Fintech regulations Community banking Innovation Data processing Jelena McWilliams FDIC Federal Reserve Bank of St. LouisJelena McWilliams told community bankers that policymakers should be a resource for banks trying to adopt new technology.

Acquisition to give Simmons First big boost in St. Louis

BankThink

The Arkansas company will pay $170 million to buy Reliance Bancshares. Community banking M&A Growth strategies Missouri

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

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

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

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.

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

Next up for BB&T-SunTrust: Deciding where to unload branches

BankThink

M&A Branch deals National banks BB&T SunTrust Truist Financial DoJ Federal Reserve Federal Reserve Bank of St. Louis

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

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.

Credit Union Mergers Under Scrutiny

New York's State of Mind

Compliance General Regulatory banks credit unions purchases St. Louis Federal Reserve BankThe banking industry likes to blame everything from the Ebola virus to the demise of the community bank on the fact that credit unions do not pay corporate taxes.

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 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.

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

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.

Perficient Bike Team Hits the Road for the First Time

Perficient Financial Servies

Colleagues based in our St. Louis office recently started the Perficient Bike Club, a fun, non-competitive group made up of riders from all levels and experiences. Life at Perficient We Value Collaboration Community Involvement Life at Perficient St. Louis Perficient St.

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).

How a financial cooperative became a voice for social justice

CU Insight

In August 2014, St. Louis Community Credit Union ($299.5M, St. Louis, MO) announced plans to open a new branch in economically hard-pressed Ferguson. A week later, the St. Credit Unions CreditUnions.com Marc Rapport St. Louis Community Credit Union

Thurlow Describes Innovation Journey, Core Advocacy

ABA Community Banking

In keynote remarks last night at the St. Louis Fed’s community banking research conference, bank CEO Julieann Thurlow outlined Massachusetts-based Reading Cooperative Bank’s innovation journey and how it improved financial inclusion in the communities it serves.

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

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

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

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.

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

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

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.

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

‘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.

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.

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

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

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