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Banks & credit unions recognize the importance of new deposits After years of consistent deposit growth, financial institutions have faced a shift recently, with deposits declining since 2022. Investing in digital solutions not only improves the customer experience but also positions communitybanks as forward-thinking financial partners.
We work with hundreds of communitybanks across the country that utilize forward rate locks to decrease risk, increase fee income, and stave off competition from national and regional banks. A forward rate lock allows lenders to deliver a known loan rate on future borrower financing without interest rate risk for the bank.
Many banks are doing an excellent job at embracing generative AI (Gen AI). In this article, we highlight some Gen AI strategy insights for communitybanks and provide tools to help bankers advance their programs. Few communitybanks have the resources to accomplish both, and both are sizeable efforts.
Navigating the complexities of cannabis banking The cannabis industry is growing at an unprecedented pace, and with it comes exciting opportunities for financial institutions to expand their loan portfolios. Abrigos new fraud detection software for banks and credit unions finds more fraud faster. But what about lending?
How are some regional banks outperforming their bigger rivals? Digital lending technologies are helping banks make the transition faster so they can compete more effectively. It’s an opportunity that other small and regional banks can learn from, and this guide is the playbook for how to do it.
Connect with an expert Common fraud schemes Check fraud Check fraud is one of the most concerning fraud trends for communitybanks in 2025. These could be held in a local branch lobby, community center, or place of worship. Let our Advisory Services team help when you need it.
Community financial institutions have the expertise and local ties to support small businesses, but outdated processes and risk-averse approaches often slow down their loan decisioning. Understand and meet borrower expectations For community financial institutions (CFIs), small business lending presents both a challenge and an opportunity.
Communitybanks are an important part of the U.S. financial system and play a crucial role in both local communities and the national economy, ABA Vice Chair Cathy Owen told members of the House Financial Services Committee.
In this article, we quantify commercial loan pricing trends from our Loan Command data that will hopefully help communitybanks price more effectively and win more profitable business. Why many banks assumed four rate cuts at the end of 2024 and start of 2025, the market, and hence most banks) are now assuming zero to two.
Treasury teams at communitybanks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies communitybanks gain when partnering with a proven managed services provider. Download the infographic today!
The basics of confidence scam detection for banks and credit unions As Valentines Day approaches, many people are eager to find meaningful connections. If a customer suspects a scam, they should stop all communication immediately and report it to the FBIs Internet Crime Complaint Center at www.ic3.gov
In rural southeastern New Mexico, bank CEO and varsity bowling coach Ken Clayton often takes his team on 500-mile one-day roundtrips for bowling tournaments. For Clayton, that commitment to going the distance is also what communitybanking is about.
Banks & credit unions use technology to solve challenges AI today is the result of decades of research and development. In the same way, FIs have consistently leveraged data and technology to solve challenges and serve communities better. Interestingly, banking and lending have been closely tied to this technological journey.
For banks and credit unions, the stakes are highnot only in protecting their customers and members but also in safeguarding their reputations and adhering to regulatory expectations. Banks and credit unions should educate clients on how these scams operate and encourage them to verify all wire requests independently.
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For the last few years, SouthState Bank Correspondent Division has been hosting lender lunches across the country. Lenders Lunch Material We typically host these lunches for 10 to 20 banks and have anywhere from 20 to 40 bankers in attendance. For example, we highlight that the 80/20 profitability rule does not apply in banking.
bank and credit union regulators expect financial institutions to implement robust internal controls for managing the credit, market, liquidity, and operational and legal risks associated with investment holdings. Daily, real-time investment results that allow banks, credit unions, and REITs to close their books faster at month-end.
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The Federal Reserves regulations and supervisory process require significant maintenance to meet the Feds statutory mandate on safe and sound banking, Fed Governor Michelle Bowman said in a major speech at ABAs Conference for Community Bankers.
Automation fosters efficiency, accuracy, and the support that community businesses need. The speed advantage may be due to large banks greater use of automated lending technology, the FDIC said, although large banks increased reliance on hard credit-scoring information may also play a role.
Introduction In an era where financial security is increasingly elusive, many banks tout 'financial literacy' as a core mission. Let's explore how banks can build Financial Wellness Centers (FWCs) that not only empower customers but also drive significant revenue. Strengthened community impact and brand reputation.
Two community bankers from ABA member banks testified during a Senate hearing on the Small Business Administrations 7(a) loan guarantee program, offering recommendations for regulatory changes to help boost small-business lending.
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Acting Comptroller of the Currency Rodney Hood told community bankers that regulation needs to be effective without being excessive. He also plans to revisit how bank merger applications are reviewed. The post Acting OCC head discusses regulatory tailoring, bank merger reviews appeared first on ABA Banking Journal.
After several years that have not been particularly hospitable toward institutions like yours and mine, ABA Chair John Asbury said the industry now has a significant opportunity to restore an appropriate regulatory framework for communitybanks.
Citing possible adverse unintentional consequences to CECL practices at communitybanks, ABA said it opposed changes proposed by the Financial Accounting Standards Board relating to estimating credit losses on non-bank accounts receivable.
Banking offers a unique opportunity to be both an agent of change and a trusted pillar in the community.' The post Community Bankers Council Chair Jennifer Jones blazes a trail in the Palmetto State appeared first on ABA Banking Journal.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
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I recently spoke at the American Bankers' Association Conference for Community Bankers regarding risk appetite statements in a presentation called Leave Nothing Unspoken. Exhibit number 1 is a bank whose main incentive for lenders is volume. Ask former Silicon Valley Bank executives if that is true. Deposits and borrowings (i.e.
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Now, with thousands of houses burned and no functioning banks, residents wonder if it will ever be the same. Until last month, Altadena was a flourishing melting pot.
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Understanding these attitudes and using them to inform marketing messages enables communitybanks, regional banks and credit unions to better serve their customers. The experiences of every generation are characterized by their behaviors involving finances.
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ABA expressed its support for a bipartisan bill to permanently extend a tax credit created to attract private investment in distressed communities. The post ABA urges passage of New Markets Tax Credit extension appeared first on ABA Banking Journal.
Plumas Bancorp in Reno, Nevada, has agreed to buy Cornerstone Community Bancorp in Red Bluff, California. The post Plumas to buy Cornerstone Community in California appeared first on ABA Banking Journal.
The New York-based institution tapped the former Republic First CEO to help oversee its transformation from a predominantly multifamily lender into business bank.
Speaker: Steve Andrews, President & CEO of the Western Bankers Association
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Intercity State Bank in Schofield, Wisconsin, will be absorbed by One CommunityBank in Oregon, Wisconsin. The post Family-owned Wisconsin banks to merge appeared first on ABA Banking Journal. Both are owned by the Bosshard family.
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