Abrigo

FEBRUARY 2, 2015

The banking industry has seen a steady stream of media attention since 2008, much of it in the form of stories about data breaches linked to major retailers or mega banks’ profits. Two recent surveys addressing the community banking landscape have pointed to increasing regulations as the primary cause of stress for these institutions.

Community Bank 150

Community Bank Community Regulation Survey 150

Jeff For Banks

JANUARY 14, 2021

In June of 2008 I gave a speech titled "The Death of the Community Bank" and in that speech I made predictions. Much like competitors nip at community banks' customers. Two percent opened an account at a community bank. And I had ING Direct as an example of who might be the lightkeeper's cat to the community bank.

Community Bank 130

Community Bank Community FDIC Strategy 130

Independent Banker

NOVEMBER 30, 2021

Premium benefits packages, professional development and TLC during the pandemic—this year’s winners do everything in their power to keep their community bankers happy and fulfilled. We asked both leaders and staffers to tell us what makes their community banks stand out as employers. Key Community Bank: Leading by example.

Community Bank 164

Community Bank Community Texas Leadership 164

PYMNTS

NOVEMBER 3, 2020

As we prepare for Airbnb to become a public company, we want to institutionalize our commitment to hosting, and our investment in the host community,” said Brian Chesky, Airbnb co-founder and chief executive officer. . “A The board will consist of host community leaders. “The Airbnb is earmarking 9.2

San Francisco 237

San Francisco Community New York Resources 237

PYMNTS

JUNE 25, 2019

Community financial institution (FI) Cross River Bank is acquiring Seed , a small business (SMB) digital banking company, reports in Reuters said on Monday (June 24). Cross River Bank has partnered with a range of FinTech startups since its 2008 launch, including collaborations with Stripe , Coinbase and Affirm , reports said.

Community Bank 116

Community Bank Community Digital Banking FDIC 116

PYMNTS

DECEMBER 4, 2020

However, it has been written in a way that could target a much wider range of activity and seems to be trying to stop the kind of large-scale shadow banking risk that pre-empted the 2008 financial crisis. Congresswoman Rashida Tlaib , who led the charge on the bill, has echoed that sentiment.

US 234

US cryptocurrency Community Strategy 234

South State Correspondent

APRIL 10, 2023

CRE Risk Background While ten years ago, community and regional banks use to make up some 55% of the CRE market, in 2023, these banks now compose approximately 72% (below). The risk here is that community banks continue to take on an above-average amount of CRE credit exposure. This article explores the risk and what to do about it.

Community Bank 195

Community Bank Community Los Angeles Regional 195

PYMNTS

APRIL 5, 2020

The relaxing of the limits has let families, businesses and communities stay afloat fiscally as the virus forces normal courses of money, like most businesses and restaurants, to close down for fear of spreading infectious germs or catching them.

Capital 150

Capital Lending Regulation Study 150

Independent Banker

JUNE 30, 2022

Working through any difficulty or crisis at your community bank won’t be a walk in the park, but it may lead to an experience for which you’re truly grateful. As a community banker, you’re either going through a crisis or you’re preparing for one. Is there education or training at ICBA Community Banker University that can help?

Community Bank 171

Community Bank Community Lending Management 171

PYMNTS

OCTOBER 14, 2020

Its predecessor, RegalPay, has been available since 2008, connecting to more than 160 enterprise resource planning (ERP) systems. To streamline B2B payments, MineralTree company Regal Software unveiled its RegalPay One offering in a Wednesday (Oct. 14) announcement.

Software 206

Software Branding California Community Bank 206

Independent Banker

SEPTEMBER 30, 2018

We cannot afford to repeat the mistakes that contributed to the 2008 financial catastrophe, which community bankers remember all too well. These examples are right at the heart of what makes the community bank business model different than those of other financial institutions. Rebeca Romero Rainey President and CEO, ICBA.

Community 79

Community Memphis Tennessee Community Bank 79

South State Correspondent

MARCH 13, 2023

While we will cover the general lessons HERE , in this article, we wanted to focus on the root cause – how and why interest rate risk caused the second-largest bank failure in US history (Washington Mutual was the largest in 2008). Notably, most community banks’ duration risk is in the loan portfolio.

Risk Management 221

Risk Management Management Community Bank Community 221

PYMNTS

AUGUST 5, 2020

based CVS acquired insurer Aetna in 2008. At the time, Merlo vowed “to transform the consumer health experience and build healthier communities by offering care that is local, easier to use, less expensive and puts consumers at the center of their care.”. Woonsocket, R.I.-based

Report 147

Report Community Meeting Strategy 147

Jeff For Banks

JANUARY 27, 2011

I was at a strategic planning retreat a few weeks back where a colleague lauded the concept of bankers getting back to plain vanilla community banking. But if you read or watch interviews of CEOs of community FIs from 2008 forward, you will be bombarded with the message that they didn''t engage in the things that led to the collapse.

Community Bank 70

Community Bank Community Apple National 70

South State Correspondent

NOVEMBER 7, 2022

By 2008, there were a variety of failures as a result of liquidity – Bear Sterns, Lehman Brothers, and more. S&P Global estimates that in 2022, AOCI has reduced the tangible equity ratio at community banks (below $10B in assets) by an average of 1.99% (from 10.74% to 8.75%). However, community banks hold approximately 23.5%

Marketing 195

Marketing Community Bank Community Security 195

PYMNTS

NOVEMBER 18, 2019

Bank failures increased dramatically in the last financial crisis, rising from 25 in 2008 to 140 in 2009. Louisa Community Bank of Louisa, Kentucky also shuttered on Oct. Louisa Community Bank of Louisa, Kentucky also shuttered on Oct. As of June 30, Louisa Community Bank had approximately $29.7 million in total deposits.

Kentucky 140

Kentucky FDIC Ohio US 140

Gonzobanker

DECEMBER 12, 2024

They communicate the reasons and rationale behind tough decisions to build trust. In 2008, Chip Mahan and the team at L ive Oak Bank set out to revolutionize banking with a mission to become Americas small business bank. Everyone Ive met at Mikes bank focuses on mattering to customer, community and one another. Transparency.

Leadership 110

Leadership Industry Strategy Examples 110

PYMNTS

APRIL 13, 2020

At the time of the black swans in 2001 and 2008, it was hard to tell anything positive was coming out of them. Even those communities that are unbanked or underserved can choose to receive their Social Security and veterans benefits through reloadable, prepaid cards. Black Swans Are the Sandbox of New Innovations.

Innovation 258

Innovation Online Guidelines Cards 258

South State Correspondent

AUGUST 15, 2023

This article provides an update on pricing trends driven by our Loan Command aggregated community bank data and highlights some working pricing ideas. Regarding loan growth, lending continues to be at the slowest pace since 2008. Total industry loans grew 5.1% for the year compared to last year.

Trends 195

Trends Community Bank Community Lending 195

Abrigo

AUGUST 26, 2015

“… it’s not 2008.”. NCUA seems to have forgotten that it's not 2008, but, instead, 2015 and that the credit union community — in NCUA's own assessment — is strong and resilient,” McWatters said in the Credit Union Journal. The longer interval is on the table for banks as well.

Survey 150

Survey Community National Community Bank 150

PYMNTS

MAY 22, 2020

The impact of COVID-19 crisis on the world economy during 2020 is projected to be greater than the 2008-09 financial crisis,” the survey’s authors wrote. In March, the Crown Prince of Dubai on Thursday provided $70 billion in a stimulus package to help preserve the nation’s commerce, the Financial Times reported.

Survey 132

Survey Community National Report 132

Abrigo

FEBRUARY 11, 2022

Earlier this month, the FASB considered and rejected further deferral of the CECL standard, initially issued in 2016 in response to the 2008 global financial crisis. The decision appears to mark the board’s final word on ongoing petitions from community banks and credit unions who asked for a delay or total exemption.

Resources 195

Resources Regulation Community Bank Community 195

South State Correspondent

JULY 12, 2023

Community bank customers will only have to agree to an irrevocable instant payment, and payment providers will route the payment to the fastest, cheapest, and most stable network. In Europe, where Faster Payments have been around longer (since 2008), that number is 15% and should move to 25% by the end of the year. In the U.S.,

Payments 370

Payments Management Fraud Data 370

Abrigo

MARCH 6, 2015

While federal regulators only require this small number of banks to be subject to these particular stress tests, as outlined in the Dodd-Frank Act following the economic crisis of 2008, stress testing is becoming a critical part of financial institutions’ risk management strategies, regardless of their asset sizes.

Risk Management 150

Risk Management Capital Community Bank Regulation 150

PYMNTS

FEBRUARY 25, 2020

The Singapore state-owned investment firm has had wage freezes in the past – it implemented similar moves during the 2008 financial crisis and the 2003 SARS outbreak, Bloomberg reported. Temasek is strongly invested in China, as approximately 26 percent of its holdings were there as of last March.

Community 130

Community Industry Management Report 130

PYMNTS

SEPTEMBER 18, 2018

15, 2008 fall of Lehman, which filed for bankruptcy that day. Outstanding credit card debt is at the second highest point seen since the end of 2008, and total outstanding debt stands at $1 trillion. Auto loans have mushroomed from $773 billion in 2008 to $1.2 The trigger for the look back has of course has been the Sept.

Lending 148

Lending Innovation Fintech Cards 148

Jeff For Banks

AUGUST 3, 2020

It's what we did in 2008-10. Unlike 2008, banks were not the bane of our problems. In 2008, we were in the eye of the storm. Sure, community banks had little to do with liar loans or what was otherwise termed sub-prime. Community banks in particular. So they called around to their community bank.

Community Bank 88

Community Bank Community Capital Analytics 88

PYMNTS

JANUARY 28, 2019

Apple said it has paid $120 billion in revenue to App Store developers since 2008. We hope that this program helps to inspire women around the world to learn to code, join the iOS development community and share in the thriving app economy.”. While announcing the camp, Apple shared the numbers. and Seneca Connect by Seneca Women.”.

Apple 140

Apple Maine Technology Community 140

Abrigo

DECEMBER 19, 2019

In 2008, there were 7,061 FDIC-insured commercial banks in the U.S. For many community and regional banks looking to compete with larger financial institutions and grow their bank, the answer has been mergers and acquisitions. In 2018, the number of banks declined by almost a third to 4,708 institutions.

Lending 195

Lending Fraud Community FDIC 195

Abrigo

NOVEMBER 14, 2014

It is of interest to note that many may be considered smaller, community banks. The employees also received stock options after the institution didn’t go public in 2008. Live Oak Bank. Take, for example, Live Oak Bank in Wilmington, NC, which has the top spot on the list.

Nashville 170

Nashville Wisconsin Tennessee National 170

PYMNTS

FEBRUARY 13, 2017

Things went off the rails, not surprisingly, in 2008 — courtesy of the financial crisis. More businesses opened than closed — until 2008. In the aftermath of 2008, only 20 counties — most of them rimming major cities and tech hubs — drove 50 percent of small business formation. The mix of these businesses is also very different.

Retail 134

Retail Innovation Maine Online 134

PYMNTS

JULY 20, 2016

The vast majority of United States senators have penned a letter urging the CFPB to let community banks and credit unions live free from additional regulations. “We request that the CFPB carefully tailor its regulations to match the unique nature of community banks and credit unions,” the letter stated.

Community Bank 100

Community Bank United States Community Regulation 100

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. First Community Bank of the Heartland, Inc.

Community Bank 172

Community Bank Community National Philadelphia 172

PYMNTS

JANUARY 21, 2021

“In a year of unprecedented challenges for our nation and the financial services industry, I’m extremely proud of our teammates and their rapid and sustained response to meet the needs of our clients and communities,” said Chairman and CEO Kelly King in the release. There was no bubble here,” King said. We just shut it all off.”.

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Meeting Conference Mobile Technology 191

Abrigo

NOVEMBER 8, 2019

Following the 2008 financial crisis, financial institutions were required to examine loan portfolios more closely in order to plan appropriately for adequate capital levels, especially in unfavorable economic conditions. Armed with the right data, the institution can compare capital levels to the thresholds set and expected by regulators.

Lending 150

Lending Risk Management Analysis Capital 150

Bobsguide

FEBRUARY 26, 2018

As of March 2008, the FTSE 100 was at 5776 and the Dow 30 was at 14,237. Ten years ago the markets were in the middle of a significant downturn. Both indices had more pain to come, as the full extent of the financial crisis came to light. Of course, after a storm there is a period of reflection and.

Community 60

Community Industry Course Marketing 60

PYMNTS

JANUARY 23, 2020

People facing charges include former community bank manager Carrie Tolstedt, former chief administrative officer Hope Hardison and former chief auditor David Julian, the sources told Bloomberg. The incident was among the biggest scandals in the banking industry since the 2008 crisis.

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Regulation Community Bank Community Security 131