INDUSTRY INSIGHTS YOUR PEERS ARE READING
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 MORE
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 MORE
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). MORE
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. MORE
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 MORE
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. MORE
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. MORE
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. MORE
Shelley Siefert will also become the bank's president in May. Women in Banking Community banking Succession planning C-suite Missouri MORE
M&A Branch deals National banks BB&T SunTrust Truist Financial DoJ Federal Reserve Federal Reserve Bank of St. Louis MORE
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 MORE
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 MORE
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 MORE
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 MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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. MORE
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 MORE
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 MORE
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. MORE
Louis Fed may have been most recent major victim Risk Management Cyberfraud/ID Theft. 1Risk Management MORE
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? MORE
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 MORE
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 MORE
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 MORE
SEPTEMBER 28, 2016
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 MORE
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 MORE
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 MORE
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 MORE
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 MORE
Mike Walsh, former CEO of Jefferson County Bancshares, has become a director at St. Louis Bank. Community banking Corporate governance Succession planning Missouri MORE
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 MORE
The investment bank agreed to buy Business Bancshares in St. Louis. Community banking M&A Investment banking Capital Missouri MORE
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 MORE
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. MORE
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. MORE
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 MORE
St. Louis Related Topics Perficient Financial Servies
APRIL 15, 2019
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
Perficient Financial Servies
APRIL 15, 2019
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
BankThink
JULY 25, 2019
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
PYMNTS
OCTOBER 13, 2016
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.
American Banker
MAY 6, 2016
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
BankThink
OCTOBER 1, 2019
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.
BankThink
NOVEMBER 14, 2018
The Arkansas company will pay $170 million to buy Reliance Bancshares. Community banking M&A Growth strategies Missouri
BankThink
SEPTEMBER 18, 2018
Shelley Siefert will also become the bank's president in May. Women in Banking Community banking Succession planning C-suite Missouri
Let's Talk Payments
FEBRUARY 20, 2017
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
CU Insight
MAY 20, 2015
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
Keith Leggett's Credit Union Watch
MAY 6, 2019
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.
American Banker
SEPTEMBER 21, 2016
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
BankThink
SEPTEMBER 4, 2019
M&A Branch deals National banks BB&T SunTrust Truist Financial DoJ Federal Reserve Federal Reserve Bank of St. Louis
CU Insight
DECEMBER 20, 2017
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.
BankThink
AUGUST 22, 2018
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
Keith Leggett's Credit Union Watch
MAY 13, 2016
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.
New York's State of Mind
SEPTEMBER 4, 2019
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.
BankThink
FEBRUARY 10, 2017
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
Perficient Financial Servies
MAY 8, 2019
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.
BankThink
FEBRUARY 11, 2018
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?
BankThink
OCTOBER 17, 2017
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
BankThink
OCTOBER 17, 2017
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 Financial Servies
MAY 2, 2019
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 Financial Servies
JULY 24, 2019
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.
Let's Talk Payments
APRIL 20, 2017
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).
CU Insight
AUGUST 27, 2019
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
ABA Community Banking
OCTOBER 2, 2019
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.
BankThink
MAY 11, 2018
The investment bank agreed to buy Business Bancshares in St. Louis. Community banking M&A Investment banking Capital Missouri
BankThink
DECEMBER 5, 2018
Mike Walsh, former CEO of Jefferson County Bancshares, has become a director at St. Louis Bank. Community banking Corporate governance Succession planning Missouri
Bankrate
APRIL 2, 2015
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
CU Insight
JUNE 9, 2017
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.
Bankrate
OCTOBER 31, 2014
Scott Credit Union is paying its 243,000 members in Illinois and Missouri 1.59% APY on a 30-month CD. CD Rates
ABA Community Banking
JUNE 10, 2015
Louis Fed may have been most recent major victim Risk Management Cyberfraud/ID Theft. 1Risk Management
BankThink
FEBRUARY 25, 2019
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
BankThink
AUGUST 24, 2017
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
Jeff For Banks
JUNE 8, 2013
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.
American Banker
SEPTEMBER 28, 2016
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
CU Insight
SEPTEMBER 16, 2018
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.
American Banker
SEPTEMBER 30, 2016
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.
Keith Leggett's Credit Union Watch
APRIL 7, 2019
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
BankThink
OCTOBER 11, 2018
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
CU Insight
MAY 14, 2016
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
CU Insight
APRIL 11, 2016
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
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