PYMNTS

OCTOBER 9, 2018

The alternative finance boom post-2008 financial crisis undoubtedly provided more options for small business (SMB) borrowers, but that doesn’t mean the industry is guaranteed to become a staple among entrepreneurs seeking financing.

National 167

National Regulation Capital Industry 167

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

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. American Bank, National Association.

Community Bank 172

Community Bank Community National Philadelphia 172

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

PYMNTS

NOVEMBER 18, 2019

1 when City National Bank of New Jersey closed its three branches with assets of about $120.6 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.

Kentucky 140

Kentucky FDIC Ohio US 140

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. But many banks were, including the nation's largest. Community banks in particular.

Community Bank 88

Community Bank Community Capital Analytics 88

PYMNTS

JUNE 26, 2018

Accountants with small business customers facing regulatory compliance or enforcement issues will be able to seamlessly direct those clients to the SBA ’s Office of the National Ombudsman (ONO), which helps to resolve those matters. The SBA and AICPA have been working together since 2008, the entities noted.

Groups 101

Groups National Compliance Lending 101

Abrigo

JULY 20, 2024

2004-2008: 82.6% trillion “wave” of C&I lending expected in years ahead will position financial institutions for better performance and the ability to better serve the needs of their communities. 2010-2023: 137.3% trillion, Pruis said. Being ready to capture a share of the $1.7 Prepare for the next credit cycle.

Lending 195

Lending Risk Management Management Capital 195

PYMNTS

OCTOBER 1, 2019

30), Reuters reported , noting that the company is struggling to overcome “collateral damage” resulting from a slowing national economic and a broader “crisis,” the publication said, in India’s lending sector. Since their highest level in January 2008, reports said, shares have lost about 99 percent of their value. “It

Capital 109

Capital Lending Regulation Operations 109

American Banker

APRIL 27, 2016

Citizens National Bancshares of Bossier in Bossier City, La., has named Jason Smith, an executive vice president at subsidiary Citizens National Bank since 2008, as its president and chief executive.

National 28

National Community Bank Community 28

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 68

Community Bank Community Apple National 68

Abrigo

AUGUST 26, 2015

“… it’s not 2008.”. This is the sentiment of several high-profile executives regarding the National Credit Union Administration’s (NCUA) stance on examination cycles for credit unions. Earlier this spring a bill was proposed in Congress to allow more community banks take advantage of a longer exam cycle.

Survey 150

Survey Community National Community Bank 150

American Banker

JUNE 1, 2016

Community banks are doing very well, thank you very much, Mr. Dimon. But it's not necessarily a return to the salad days of pre-2008. The Wall Street Journal's ongoing series on the banking industry looks at the state of community banking, and pronounces the sector healthy, but facing serious issues. … Return to Form?:

Community Bank 28

Community Bank Community Industry Regional 28

CFPB Monitor

MARCH 30, 2020

This section further extends to the National Credit Union Administration (NCUA) the authority to increase to unlimited the share insurance coverage it provides on any noninterest-bearing transaction accounts to federally insured credit unions. Section 4012 – Temporary Relief For Community Banks.

Regulation 122

Regulation United States Community Bank National 122

PYMNTS

JANUARY 21, 2021

The nation’s sixth-largest commercial bank, which was formed and finalized in December 2019 through the merger of BB&T and SunTrust, credited its record $1.6 billion profit to strong performance from its insurance, investment banking and commercial real estate businesses, according to the release. “In There was no bubble here,” King said.

Meeting 191

Meeting Conference Mobile Technology 191

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. 1st National Bank. Operating eight branches in east-central Wisconsin, 1st National Bank places importance on employee health. Live Oak Bank.

Nashville 170

Nashville Wisconsin Tennessee National 170

PYMNTS

MAY 18, 2017

Appear Here’s online marketplace for short-term retail rentals began in London in 2013, and has since expanded nationally to a number of cities in the U.K After 2008, pop-ups were largely used as a cost-cutting effort by small, independent retailers unsure about opening a permanent location in the wake of the recession.

New York City 100

New York City New York Retail Online 100

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

Abrigo

AUGUST 5, 2020

Key Takeaways This recession is significantly different than the 2008 financial crisis, creating a unique credit environment for financial institutions. is officially in a recession, according to the National Bureau of Economic Research. The national effects remain opaque and will continue to change – do not get complacent.

Management 195

Management Risk Management Trends Industry 195

Jeff For Banks

JULY 5, 2022

It's no secret that since the Great Recession of 2008 branches have been in retreat. So banks, even community banks like [bank name] must take a sharp pencil to prune their branch network to compete with the higher interest rates of online banks, make investments in people and technology, and deliver to their shareholders.

Millennials 78

Millennials Community Pennsylvania Meeting 78

PYMNTS

OCTOBER 24, 2017

Most industries took a major hit during the 2008 recession, especially in the building and construction sector. The number of construction companies has been growing steadily since 2012, when they began to recover from the 2008 economic recession. Retail Isn’t Performing As Well As Other Industries.

Maine 104

Maine Regional United States Retail 104

PYMNTS

JUNE 18, 2018

Thirty-four years have passed since SMB optimism was this high , according to the National Federation of Independent Business (NFIB). SMBs since the 2008 financial recession. percent share increase for community banks, suggest that large FIs are losing out to smaller competitors, per CNBC reports last week.

Lending 112

Lending Community Bank Regional Community 112

Abrigo

MARCH 6, 2015

March comes in like a lion for the nation’s largest banks. Community banks typically have less complex loan portfolios than larger institutions, so the actual capital calculation may not be as difficult.

Risk Management 150

Risk Management Capital Community Bank Regulation 150

PYMNTS

JANUARY 29, 2018

The global financial crisis in 2008 was, in many ways, a catalyst to this innovation, especially in the area of small business (SMB) finance, as banks pulled their services away from SMBs and FinTechs stepped in to offer another option. author of the report and Florida Atlantic University’s Kaye Family Endowed Professor in Finance.

Lending 116

Lending Florida Report Community Bank 116

PYMNTS

MAY 5, 2017

Although there were early inklings of the technology dating back to 1991, it wasn’t until 2008 when Satoshi Nakamoto implemented it as the base component of bitcoin currency that it really took off. IBM and Sovrin have contributed the Hyperledger software and infrastructure to the open source community.

blockchain 110

blockchain Bitcoin Regulation Industry 110

Independent Banker

OCTOBER 29, 2014

Army Infantry Platoon leader who became a community banking manager. It’s no different in community banking. When I returned home from the deployment, the support I had from my community was clear—the same way Think Mutual Bank supports its local community. By Jeff Sabatke. It was 1 a.m. Paul, Minn.,

Minnesota 98

Minnesota Community Community Bank Maine 98

Independent Banker

FEBRUARY 24, 2016

Greg Steverson (left) successfully manages a $100 million institutional investment portfolio for Ledyard National Bank in Norwich, Vt. Community bank institutional investment portfolio managers have been put through their paces the past several years. Yet that is exactly what many community banks have accomplished.

Community Bank 70

Community Bank Community Texas Management 70

PYMNTS

AUGUST 25, 2016

Though small businesses have suffered from a gap in financing availability post-2008, the demographic continues to shape the financial markets. One of these lenders, Clearinghouse Community Development Financial Institution , better known as Clearinghouse CDFI, offers an interesting view into the state of SME finance.

Regulation 100

Regulation Lending Community California 100

Abrigo

AUGUST 6, 2019

Blanco discussed the organization’s active approach toward addressing the top financial threats to our financial system, our national security, and our communities and families. FinCEN is committed to addressing compliance failures that put our financial system and national security at risk.

System 264

System Las Vegas San Antonio San Diego 264

Jeff For Banks

DECEMBER 18, 2014

They are built as a relationship bank serving the Korean community in LA and surrounding areas. through its subsidiary BNC National Bank, offers community banking and wealth management services in Arizona, Minnesota, and North Dakota from 14 locations. OTCQX: BNCC) BNCCORP, Inc., share at the end of 2010.

North Dakota 87

North Dakota Arizona Minnesota Los Angeles 87

Jeff For Banks

DECEMBER 12, 2016

Independent Bank Corporation (Nasdaq: IBCP) Independent Bank dates back to 1864 as the First National Bank of Iona. It is a turnaround story because the bank was hammered with credit problems between 2008-11, when it lost over $200 million. It's size today, at $2.5 billion in assets, is smaller than it was a decade ago.

North Dakota 60

North Dakota Minnesota West Virginia Arizona 60

PYMNTS

SEPTEMBER 3, 2019

The goal was to offer an easy mechanism within the eBay community to disseminate information on which sellers to trust and which to avoid. The national craze ended up pushing 6 percent of eBay’s sales on site. During that 13 year partnership, PayPal hit the 100 million user mark in 2006 and the 150 million active user mark in 2008.

San Jose 203

San Jose Online Illinois Payments 203

Jeff For Banks

DECEMBER 12, 2017

The Bank, Old Second National Bank, lost a whopping $156 million in 2009 and 2010. Independent Bank Corporation (Nasdaq: IBCP) Independent Bank dates back to 1864 as the First National Bank of Iona. It is a turnaround story because the bank was hammered with credit problems between 2008-11, when it lost over $200 million.

Minnesota 60

Minnesota West Virginia Virginia Iowa 60

Jeff For Banks

MARCH 21, 2024

Our lives changed forever from this whole experience of the government’s declaration of a national emergency, leading to forced shutdowns of businesses and schools, mandated mask wearing, forcing 6-foot distances between people, travel restrictions, fear mongering with case and death counts, and forced vaccines/boosters. Oh, brother!

Marketing 143

Marketing Policies Report Atlanta 143

Jeff For Banks

DECEMBER 19, 2015

Independent Bank Corporation (Nasdaq: IBCP) Independent Bank dates back to 1864 as the First National Bank of Iona. Between 2008-11, the bank lost over $200 million, and its equity base was cut in half. OTCQX: CBCO) Coastal is the $439 million in assets holding company of CBC National Bank, headquartered in Fernandina Beach, Florida.

North Dakota 60

North Dakota Arizona Michigan Florida 60

Lex Sokolin

JANUARY 14, 2021

But regardless of all that, $1 trillion of value has indeed materialized and grown on blockchain-based financial networks since 2008. This is why the OCC has spent so many calories on defining special purpose fintech charters , and why the local community bodies hate it. National banks can custody crypto assets. Here it is.

America 52

America Wyoming National Capital 52

Lex Sokolin

JANUARY 14, 2021

But regardless of all that, $1 trillion of value has indeed materialized and grown on blockchain-based financial networks since 2008. This is why the OCC has spent so many calories on defining special purpose fintech charters , and why the local community bodies hate it. National banks can custody crypto assets. Here it is.

America 52

America Wyoming National Capital 52