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

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

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

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.

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

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

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).

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

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

Bankaholic

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

Beware the “waterholing” hack

ABA Community Banking

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

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.

Suburban St. Louis Credit Union Touts CD

Bankaholic

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

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.

‘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.

FICO Kicks Off Consumer Financial Education Program, “Score A Better Future”

FICO

Last week, FICO kicked off its Score A Better Future program with a community event focused on credit education at Harris-Stowe State University in St. Louis, MO. Louis American , City of St. Louis Treasurer's Office of Financial Empowerment , and the St.

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

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

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

Prime Now Grocery Delivery Expands Across The US

PYMNTS

In September , Amazon and Whole Foods Market brought the service to Ann Arbor, Detroit, Jacksonville, Milwaukee, Madison, Omaha, St. Louis, Orlando, Tampa and Tulsa as well as additional areas of New York City and Seattle, the company said in an announcement.

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

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

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 New Payments Strategy Director

PYMNTS

As first vice president and chief operating officer of the Federal Reserve Bank of St. Louis, Sapenaro will take up the post previously held by Gordon Wekema, who is retiring. Sapenaro will retain his position at the Federal Reserve Bank of St. Louis as well, the Federal Reserve said in its official statement. The U.S. Federal Reserve has named a new payments strategy director tasked with heading the agency’s payment system improvement initiatives.

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?

FCB Banks Has Top Rate 29-month CD Special - Locally Available

Deposit Accounts

FCB Banks (southwestern Illinois, metropolitan St. Louis area) has added two very attractive CD Specials to its product line: a 29-month CD (1.65% APY) and a 45-month CD (1.80% APY). Located in southwestern Illinois, FCB Banks also serves the St. Louis Metro East area. In fact, all of FCB Banks’ branches are located closer to St. Louis, than to any large Illinois city. Louis metropolitan area. Louis, Missouri branch.

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

Inside One of the Last of the Tarp Banks

American Banker

Only a dozen banks still owe the government Troubled Asset Relief Program money, and an unspecified number of others including Reliance Bancshares in St. Louis owe investors who bought their Tarp balances.

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.

An Examination of Fee Income, June 2018

Keith Leggett's Credit Union Watch

These 3 credit unions were St. Louis Community Credit Union (St. Louis, MO) at 156.9 A recent article in the New York Times looked at the increased reliance on fee income by credit unions.

5.09.18 Your morning briefing

Payments Source

Today: Facebook starts a blockchain unit; New York pushes ahead with cryptocurrency investigation; CPMI pushes security standards; St. Louis Fed recommends government virtual currency; Monzo adds proximity P2P technology. The information you need to start your day, from PaymentsSource and around the Web. Briefing

Mastercard Expands NYC Tech Hub

PYMNTS

The others are located in St. Louis, Dublin, Sydney and India, as it seeks to transition from debit and credit cards to gadgets. Mastercard is planning to hire 470 people as the company expands its technology hub in New York City. According to news from Bloomberg , a company statement with New York Governor Andrew Cuomo announced that Mastercard will move to a new 212,000 square-foot location in Manhattan’s Flatiron District.

Fed President Says Banks Too Vulnerable To FinTechs

PYMNTS

The president of the Federal Reserve Bank of St. Louis, James Bullard, warned Thursday (Oct. 12) that banking regulators in the U.S. need to pick up the pace in their efforts to confront the risks created by FinTech companies to the banking sector.

Mo. Bank Investors Indicted on Fraud Tied to Real Estate Loans

American Banker

Two St. Louis-area investors have been indicted on charges they defrauded the failed Excel Bank on real estate loans. breaking_news dealmaking-strategy cre enforcement mo community-banking