Jeff For Banks

APRIL 4, 2010

Community banks tout themselves as better than national and regional banks because of how close they are to their communities. But this opinion ignores the generations of history many banks across our great land have built. When the bank opened in 1905, Hallstead was already a thriving community.

Community Bank 60

Community Bank Pennsylvania National Community 60

Finer Points

JANUARY 22, 2015

bank holding companies have paid more than $150 billion in fines since 2009. Yet, at the same time, not a single senior executive or director of these banks has been identified as culpable for their banks’ egregious legal and regulatory violations, much less pursued by […].

Washington 100

Washington Community Bank Community Company 100

Independent Banker

OCTOBER 31, 2021

How Americans bank has been changing for years, including how they start their banking relationships. Offering the ability to open an account online can be one way to reach customers who are unable to join your community bank in person. billion-asset IncredibleBank in Wausau, Wis.

Idaho 134

Idaho Community Bank Community New Jersey 134

PYMNTS

NOVEMBER 18, 2019

Bank failures increased dramatically in the last financial crisis, rising from 25 in 2008 to 140 in 2009. Resolute Bank in Maumee, Ohio closed on Oct. 25 and was assumed by Buckeye State Bank in Powell, Ohio. Louisa Community Bank of Louisa, Kentucky also shuttered on Oct. It had one branch with $27.1

Kentucky 140

Kentucky FDIC Ohio US 140

Abrigo

FEBRUARY 17, 2015

Community banks (under $10 billion in assets) and regional banks (between $10 and $50 billion) represent 21 percent and nine percent, respectively. Regional banks had the most diversified portfolios, but community banks generally had higher concentrations in CRE and agriculture loans.

St. Louis 150

St. Louis Lending Community Bank Regional 150

PYMNTS

AUGUST 4, 2020

The company, founded in 2009 by chief executive Rob Frohwen , ex-chairman Marc Gorlin and president Kathryn Petralia as a way to provide easy funding for small businesses, has aimed to provide amounts up to $250,000, along with underwriting and service loans. Kabbage had no comment. billion to 270,000 applicants.

Community Bank 162

Community Bank Analytics Community Fintech 162

Abrigo

MARCH 6, 2015

Yesterday the Federal Reserve announced how “the big banks” fared on their annual stress tests (The Wall Street Journal’s Briefly blog offers what to know and what is relevant about the exams). It was a critical day in the eyes of those at Bank of America, Chase, Wells Fargo and others at the top.

Risk Management 150

Risk Management Capital Community Bank Regulation 150

Independent Banker

OCTOBER 29, 2014

And the great news, according to “American Millennials and Banking,” a major new study commissioned by ICBA, is that Bauhs and the 80 million other people in his generational cohort are prime potential customers for community banks. This is really the moment for community banks to show that they’re a fit for millennials.

Millennials 110

Millennials Community Bank social media Community 110

Independent Banker

NOVEMBER 13, 2014

And the great news, according to “American Millennials and Banking,” a major new study commissioned by ICBA, is that Bauhs and the 80 million other people in his generational cohort are prime potential customers for community banks. This is really the moment for community banks to show that they’re a fit for millennials.

Millennials 87

Millennials Community Bank social media Community 87

PYMNTS

AUGUST 22, 2016

Which is a bit of a problem, since there are objectively fewer banks now than there were even five years ago. According to the FDIC, banking branches are at their lowest level in a decade with only 93,283 left open. Physical banks reportedly hit their peak in 2009 and have declined 6 percent since then.

FDIC 100

FDIC ATM Community Bank Digital Banking 100

Independent Banker

MAY 25, 2016

estimates there will be 26 billion physical devices connected together by 2020, a nearly 30-fold increase from 900 million in 2009. It could provide valuable information about a community bank’s funding, revenues, profits, risks and opportunities in all sorts of new ways. The technology research think tank Gartner Inc.

Community Bank 70

Community Bank Community System Analysis 70

PYMNTS

JULY 25, 2017

When you are talking about smaller [community] banks, regional banks and credit unions, there just aren’t the in-house resources to build their own digital lending solutions for products such as private student loans, student refinancing and home improvement loans.”. There are currently 13,000 community banks in the U.S.,

Lending 100

Lending Community Bank Millennials Community 100

Independent Banker

OCTOBER 29, 2014

Early Air Force service prepared the way for community banking in California. After some protesting on my part, explaining repeatedly that I knew absolutely nothing about banking, Mom used the classic mothering tactic of reminding me, “You know son, ‘Nothing ventured, nothing gained.’ ”. By Stephen M.

Community Bank 79

Community Bank Training Community Montana 79

Abrigo

APRIL 14, 2020

During the crisis in 2009, the banking system saw shockwaves hit, causing a number of bank closures. This liquidity drain was, in most cases, a direct result of increased credit risk and funding sources used to grow the banks. This flow of repayments is the major source of “liquidity” in the community banking system.

Community 195

Community Lending Marketing Meeting 195

Jeff For Banks

DECEMBER 13, 2018

is the parent company of Willamette Valley Bank, a community bank headquartered in Salem, Oregon. The Bank operates five full service offices. You wouldn't have known they were destined for shareholder greatness in 2009 or 2010 when they logged consecutive years of losses due to credit woes. Welcome to the list! #2.

Oregon 101

Oregon Ohio California Community Bank 101

Independent Banker

NOVEMBER 13, 2014

The Internet of Things, also known as the Industrial Internet, is where networked smart devices communicate to powerfully automate a multitude of complex tasks for both consumers and businesses, potentially including community banks. The technology research think tank Gartner Inc. in Stamford, Conn.,

Community Bank 71

Community Bank Community Maryland System 71

Jeff For Banks

NOVEMBER 7, 2015

Me to a community banker: Why don't you offer more options than real estate secured lending to help fund early stage businesses? Banker: Because that's not community banking. I've been in this business over 20 years and still don't know the definition of community banking. In other words, be a General Bank.

Community Bank 60

Community Bank Community Baltimore Lending 60

Independent Banker

FEBRUARY 25, 2015

Coping just fine, community banks in energy-producing regions manage the oil-price plunge. Crude oil prices have dropped more than 50 percent from last July to this January, and they haven’t hovered this low since 2009. Pat Hickman, chairman and CEO of Happy State Bank, a $2.6 By Howard Schneider.

North Dakota 70

North Dakota Texas Louisiana Community Bank 70

American Banker

SEPTEMBER 18, 2023

Banks have steadily winnowed their physical footprints since 2010, when digital services came to the fore. In 2009, there were nearly 100,000 branches in the U.S. The pandemic — and social distancing — hastened the trend this decade. Today, there are fewer than 80,000.

Trends 88

Trends Community Bank Community 88

Independent Banker

MARCH 15, 2015

While out-of-town lenders gave money to customers requiring no down payments to buy overpriced homes that they couldn’t afford, Hartings, the president and CEO of The Peoples Bank Co. in Coldwater, Ohio, and ICBA’s incoming chairman, held fast to his community bank’s conservative lending practices. Fortunately, most did listen.

Ohio 70

Ohio Community Bank Community Lending 70

Celent Banking

MAY 31, 2016

In Orlando, the theme of FIS Connect 2016 was Empowering the [Financial] World , and it was clear that FIS hopes to leverage some of the new products and technologies from SunGard last November in enhancing the traditional banking and payments offerings aimed into the larger banks that were in attendance.

Conference 100

Conference Community Bank Technology Boston 100

Jeff For Banks

FEBRUARY 13, 2010

In the wake of the most dramatic industry disruption since the Great Depression, Wells managed a 1% ROA in 2009, and JPMorgan managed 0.58%. Comparatively, banks across the country had a 0.17% ROA in 2009. It appears Mr. Davis and his community bank outdid them both in ''09, and blew the cover off of the industry.

Industry 60

Industry Community Bank Operations Community 60

Jeff For Banks

MAY 20, 2017

and New York Community Bancorp called off their planned merger. The upshot of the analysis, in my opinion, is that the risk can be further limited to CLD lending, more so than straight, plain vanilla CRE lending that is so common in community financial institutions. We perform this service for dozens of community banks.

Lending 60

Lending Regulation Community Community Bank 60

Jeff For Banks

SEPTEMBER 13, 2015

Chan was a former Bank of America senior executive, serving as the Corporate Treasurer, Enterprise Risk, and various other functions during his career. Building a low-cost core deposit base is arguably the most difficult task in banking, and it creates significant value to the publicly traded bank because it is difficult to replicate.

Community Bank 60

Community Bank Lending Community Security 60

Jeff For Banks

FEBRUARY 17, 2010

My company does line of business and product profitability reporting for community banks. What I have learned from performing this service is that very few products deliver the level of profits typically sought by high-performing banks. Commercial real estate lending was the common profit driver for banks and thrifts.

NJ 60

NJ Taxes Lending Groups 60

Jeff For Banks

AUGUST 1, 2019

in eight of the forty-one quarters since 2009. Both spread inversions precede recession by 13 months (as in 2000 for the 2001 recession) to 26 months (as in 2006 for the 2008-2009 recession). Since June, 2009, GDP has risen a cumulative +25%, compared to +42.6% and is at risk of falling. Core PCE has only exceeded 2.0%

Marketing 60

Marketing US Community Bank Community 60

Jeff For Banks

AUGUST 12, 2018

annually since 2009, while the record expansion of the 1990s saw growth of 3.6%. One of the causes of low growth since 2009 is uncovered! Low productivity continues, just as it has since this recovery began in 2009, averaging only 1.3% Another of the causes of low growth since 2009 is unveiled! The economy has grown 2.2%

Marketing 60

Marketing Philadelphia Omaha US 60

Jeff For Banks

OCTOBER 2, 2024

It’s the largest since 2009! What would this disruption mean especially since there is so much need in states like Florida, North Carolina, and Tennessee after Hurricane Helene destroyed so many communities with massive rain and flooding. Dorothy recently retired from Penn Community Bank where she worked since 2004.

Marketing 119

Marketing North Carolina US Community 119

Gonzobanker

DECEMBER 20, 2019

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. It was always clear how much Jones loves his credit union, his team and his community. for creating a progressive culture that still makes the profession of banking fun and challenging.

Idaho 148

Idaho Conference Data Marketing 148

PYMNTS

NOVEMBER 16, 2018

These systems have proven to be largely ineffective at actually curtailing money laundering and, as a result, regulators in the United States and the European Union have issued more than $340 billion in fines for non-AML compliance since 2009.”. percent of financial institutions that utilize AI use it for banking services, and 72.7

Fraud 108

Fraud United States Data Technology 108

Jeff For Banks

DECEMBER 12, 2017

The Bank, Old Second National Bank, lost a whopping $156 million in 2009 and 2010. Their non-performing loans (NPL)/total loans ratio peaked at 12.54% in 2010, and between 2009-12, the Bank charged off over 11% of its loan portfolio. is the holding company for Parke Bank, a $1.1 How did they lose it?

Minnesota 60

Minnesota West Virginia Virginia Iowa 60

Jeff For Banks

JANUARY 16, 2016

As a matter of fact, the formula has pointed to above 1% since 2009. In any event, it is an unexpected result of the particle collisions now occurring at up to 13 teraelectronvolts, or “TeVs,” which is up from the 8 TeVs between 2009 and 2013. Dorothy has been with Penn Community Bank and its predecessor since November, 2004.

Community Bank 60

Community Bank Data Atlanta Marketing 60

Jeff For Banks

OCTOBER 25, 2018

since the current recovery began in June, 2009. since 2009, compared to 3% to 4% growth in other recoveries. DJ 10/17/18 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, risk management, and financial analysis. I believe that we will.

Marketing 65

Marketing US Taxes Trends 65

Jeff For Banks

NOVEMBER 3, 2023

Unsurprisingly, the largest declines occurred starting monthly in March, 2006 and on a y-o-y basis in September, 2006 and continued to November, 2009. The largest monthly decline took place in May, 2009 at -27.2% Dorothy has been with Penn Community Bank and its predecessor since November, 2004.

Marketing 65

Marketing Community Bank Policies Community 65

Jeff For Banks

NOVEMBER 7, 2016

from WWII to 2009. 10/24/16 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, risk management, and financial analysis. Dorothy has been with Penn Community Bank and its predecessor since November, 2004.

Tools 60

Tools Community Bank Risk Management Community 60

Jeff For Banks

JUNE 2, 2023

The Great Recession, in contrast to the relatively short dot-com bubble recession, officially lasted from December 2007 to June 2009, the longest recession since the Great Depression. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate? What caused it?

FDIC 60

FDIC Community Bank Regulation Lending 60

NCR

MARCH 23, 2016

We recently spoke to Ken LaRoe, CEO & Founder of First GREEN Bank to discuss the bank’s sustainability initiatives and how they’re help customers go green. In a few sentences, can you tell us about First GREEN Bank? Keep reading to find out more! Do you have any other environment-related initiatives?

Florida 40

Florida Community Examples Community Bank 40