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. This experience also firmly shaped how we work with regulators.

Community Bank 171

Community Bank Community Lending Training 171

American Banker

APRIL 25, 2024

Liberty Bank in Salt Lake City had been "structurally unprofitable" since 2008, according to its regulators. Experts criticized the FDIC for allowing the bank's demise to play out in slow motion.

Utah 63

Utah FDIC Regulation Community Bank 63

Abrigo

DECEMBER 22, 2023

Abrigo's most popular risk management blogs over the last 12 months cover topics that continue to catch the attention of professionals and regulators. As regulators focus on interest rate forecasts used for interest rate risk management, remember that flattening, steepening, or inverting yield curves can influence your projections.

Risk Management 221

Risk Management Regulation Management Lending 221

Abrigo

FEBRUARY 14, 2024

For example, during the 2008 Subprime Mortgage Crisis, commercial real estate prices fell drastically by 30 percent year over year. Source: FRED CRE stress testing: Avoid credit losses by examining vulnerabilities Stress testing is integral to managing risks in CRE lending for community financial institutions.

Risk Management 195

Risk Management Management Lending Capital 195

TheGuardian

JANUARY 15, 2023

As originally showcased in a 2012 Channel 4 series, it is the true story of how self-made Burnley businessman Dave Fishwick took on London’s elite banking institutions to get a licence to open his own bank serving the local community. Continue reading.

Lending 98

Lending Community Regulation Operations 98

CFPB Monitor

MARCH 30, 2020

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) includes the following key provisions that affect financial institutions and regulation of financial institutions: Section 4003 – Emergency Relief and Taxpayer Provisions. Section 4012 – Temporary Relief For Community Banks.

Regulation 122

Regulation United States Community Bank National 122

NCR

MARCH 7, 2018

However, these firms have long been barred from offering full financial services in the US due to regulations mandating the separation of commerce and banking. But now one key regulator in the US has suggesting this could change. At the moment, thoughts of any changes to these regulations are still hypothetical.

Regulation 53

Regulation Retail Community Bank Community 53

PYMNTS

JANUARY 23, 2020

A Wells Fargo regulator is planning to slap former company executives with civil charges associated with their position in its retail banking scandals, people familiar with the matter told Bloomberg on Thursday (Jan. The OCC’s investigation shows regulators that individuals will be accountable along with the company itself.

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Regulation Community Bank Community Security 131

PYMNTS

OCTOBER 1, 2019

Since their highest level in January 2008, reports said, shares have lost about 99 percent of their value. “It India’s NBFC community is in flux amid tightening regulations as the government looks to promote customer protections and risk mitigation while maintaining broad access to financial services.

Capital 109

Capital Lending Regulation Operations 109

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

Abrigo

NOVEMBER 8, 2019

Some financial institutions may view stress testing as a “check the box” practice to satisfy regulators, but others are making the most out of the process. However, the lack of prescriptive guidance on how to effectively stress the loan portfolio has created challenges for some community financial institutions. CECL Regulation.

Lending 150

Lending Risk Management Analysis Capital 150

PYMNTS

JUNE 26, 2018

The ONO focuses on small firms that have been unfairly treated by excessive regulation, like repeated audits and investigations, excessive fines or unfair activity on the part of a regulator. The SBA and AICPA have been working together since 2008, the entities noted.

Groups 101

Groups National Compliance Lending 101

PYMNTS

APRIL 24, 2017

The Dodd-Frank Wall Street and Consumer Protection Act was supposed to prevent another 2008 banking meltdown — and solve the problem of “too big to fail.” Louis Fed estimated that community banks pay an estimated $4.5 The move will reportedly reduce 40 percent of the 2,400 data points banks must provide to regulators every quarter.

St. Louis 105

St. Louis Regulation Compliance Community Bank 105

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

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

American Banker

SEPTEMBER 18, 2024

Only one de novo has opened in 2024, while more than 100 launched annually prior to the 2008 financial crisis. Experts don't agree on how to solve the problem.

How To 41

How To Community Bank Community Compliance 41

Independent Banker

OCTOBER 31, 2021

The CARES Act extended the CECL implementation deadline for many larger community banks until the end of the COVID-19 pandemic. Community bankers tell us that while the extension is welcome, they’re already down the road to implementation. ICBA tells FASB CECL isn’t feasible for community banks. By Stephanie Vozza. April 2011.

Community Bank 91

Community Bank Community Software New York City 91

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. The company eventually changed those terms to satisfy officials. In the U.S.,

National 167

National Regulation Capital Industry 167

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

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. Why or why not?

blockchain 110

blockchain Bitcoin Regulation Industry 110

Abrigo

DECEMBER 19, 2019

Due to new and emerging technologies, changing regulations, and ever-evolving customer expectations, banks and credit unions across the country are taking an assortment of different strategies to achieve their growth goals in 2020. In 2008, there were 7,061 FDIC-insured commercial banks in the U.S.

Lending 195

Lending Fraud Community FDIC 195

Abrigo

AUGUST 26, 2015

“… it’s not 2008.”. There’s been much back and forth over the last week on this subject and the NCUA’s desire to stick to a 12-month examination cycle for the financial institutions it regulates. 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

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. despite a flurry of concerns over regulations, economic development and more.

Lending 116

Lending Florida Report Community Bank 116

Jeff For Banks

JUNE 2, 2023

Second, this can be accomplished only if the industry does not have too much influence over its regulators and if the regulators have the ability to hire, train, and retain qualified staff. Third, the regulators need adequate financial resources. My lesson learned to the regulators, read your past lessons learned.

FDIC 78

FDIC Community Bank Regulation Lending 78

Long Lasting Ideas

MARCH 3, 2016

FASB’s complex proposal (Current Expected Credit Loss, or CECL) would force community banks to record a provision for credit losses the moment they make a loan. Let’s look back a few years at around 2007 and 2008, around the time of the Great Recession.

Community Bank 40

Community Bank Marketing Strategies Community Regulation 40

Independent Banker

AUGUST 26, 2015

A New Accounting Twist—ICBA’s accounting expert James Kendrick tells community banks to closely watch for the Financial Accounting Standards Board’s pending new standards for recognizing credit losses, much earlier than currently required. IB: How would this affect community banks? IB: What is being proposed by FASB?

Community Bank 70

Community Bank Community Regulation Connecticut 70

Gonzobanker

JULY 10, 2020

Community-based institutions have unique circumstances (and personal viewpoints) that impact how they see the world in the future and what planning will look like for them. Risk management was never out, but the level of investment and emphasis we saw during the early part of the 2008-2009 crisis lessened during the past four to five years.

Risk Management 88

Risk Management Capital Strategy social media 88

Abrigo

MARCH 13, 2023

Historic collapse SVB is different from other financial institutions The FDIC closure and assumption of Silicon Valley Bank (SVB) – the largest bank failure since 2008 – is a stark reminder that when a crisis occurs, it can spread as fast as a wildfire in dry fields with a strong wind.

Strategy 195

Strategy Lending Security Analysis 195

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

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. As of April 2017, they make up nearly 20 percent of the U.S. fitness market.

Maine 104

Maine Regional United States Retail 104

PYMNTS

FEBRUARY 9, 2019

Intuit found 42 percent of SMBs have experienced cash flow issues in the last year alone, despite tax cuts and other regulatory policies designed to support the small business community. Twelve percent of small businesses surveyed by Wells Fargo said the biggest lesson they learned since the 2008 financial crisis was to monitor cash flow.

Survey 158

Survey Capital Management Taxes 158

PYMNTS

APRIL 19, 2017

For one, Harman explained, SMEs that have a positive experience with an alternative lender will tell the others in the business community. While support from surrounding communities may be encouraging to a small business owner, it doesn’t always make the most financial sense. “Bank lending has still not recovered from 2008.

Lending 116

Lending Resources Community Capital 116

Abrigo

APRIL 7, 2022

At recent Abrigo CECL Kickstart webinars, consultants demonstrated CECL implementation practices with an emphasis on the needs of community banks and credit unions. Once factors like the economy, new regulations, management changes, or even natural disasters are factored in, a greater allowance may be necessary.

Policies 195

Policies Data Examples Lending 195

FICO

DECEMBER 1, 2020

Regulators will want more tolerance, but many credit grantors will be unable to afford it. When you have loans that are not profitable, and the regulator wants you to take the loss, you will push those loans to the debt resolution space. It’s not just regulators who will push for tolerance, the government will as well.

Taxes 76

Taxes Lending Capital Regulation 76

Independent Banker

DECEMBER 29, 2015

Community bankers offer real-world reasons for more Basel III relief. Nearly one year after the Basel III capital rules went into effect, community bankers say that now recognize just how much more complex and how much more difficult this new set of capital rules will make life and business for them if they remain in place.

Community Bank 70

Community Bank Community Capital Lending 70

PYMNTS

FEBRUARY 4, 2019

launched its own Faster Payments Service in 2008. Community banks and credit unions also offered their backing. The Independent Community Bankers of America and the CUNA requested that the Fed system be interoperable with the private sector’s real-time payment rails. . billion in 2018 to $26.9 billion by 2023 — a CAGR of 30.9

Payments 183

Payments System Cards Policies 183

Abrigo

MARCH 20, 2015

For the largest of American financial institutions – those that much of the public banks with for checking, mortgages and auto loans – stress testing regulations have been passed and executed to avoid a repeat of 2008. California is also a healthy state for banking – with 15 of 20 banks on the Western list in the Golden State.

Texas 150

Texas Regional California Community Bank 150