2008 Community Bank Risk Management 
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.
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. Risk management issues were also a high-ranking hurdle to growing banks, with 26 percent calling it a concern for 2015.
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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.
Abrigo
AUGUST 5, 2020
Key Takeaways This recession is significantly different than the 2008 financial crisis, creating a unique credit environment for financial institutions. Economic downturns alter the credit memo's content and process to capture credit risk. More than six months after the coronavirus reached the U.S.,
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 Southern Bank.
Jeff For Banks
OCTOBER 25, 2018
Here are some staggering numbers: Since the financial crisis of 2008, worldwide debt has increased by $70 trillion to $247 trillion, or 236% of world GDP versus 207% in 2008. Student debt has more than doubled from 2008 to $1.5 Dorothy has been with Penn Community Bank and its predecessor since November, 2004.
Jeff For Banks
JULY 8, 2017
trillion in 2008. million at the end of December, 2007, before the crisis hit in 2008. million in December, 2008 and the peak occurred in October, 2009 at 21.4 Dorothy has been with Penn Community Bank and its predecessor since November, 2004. Rising debt levels will not stop them. For what reason?
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