Independent Banker

NOVEMBER 30, 2022

Community Financial Services Bank, Benton, Ky.; In our annual workplace survey, employees of ICBA’s best community banks to work for told us they benefit from engaging cultures, opportunities for advancement and innovative benefits. Clockwise from top left: Grand Ridge National Bank, Wheaton, Ill.; Bank of Montana, Missoula, Mont.;

Community Bank 169

Community Bank Community Montana Leadership 169

PYMNTS

JUNE 21, 2018

KeyBank has acquired a digital lending platform for small businesses developed by Bolstr , the financial institution (FI) announced Wednesday (June 20). Bolstr’s technology transforms the small business lending process and allows us to more efficiently serve small businesses for their SBA and traditional lending needs.”. “We

Lending 108

Lending Innovation Fintech US 108

Abrigo

FEBRUARY 17, 2015

Which areas of lending and what banks are driving the expansion? Community banks (under $10 billion in assets) and regional banks (between $10 and $50 billion) represent 21 percent and nine percent, respectively. Agricultural lending represents two percent, and all other loan types represent the remaining 12 percent.

St. Louis 150

St. Louis Lending Community Bank Regional 150

Abrigo

OCTOBER 2, 2014

According to the BCBS’s Basel III framework document published in December 2010 and revised in June 2011, the main objective is to improve banks’ “ability to absorb shocks arising from financial and economic stress.” Over the next few years, the percentage gradually increases to 2.5%, effective January 1, 2019.

How To 236

How To Capital Community Bank Maine 236

CFPB Monitor

NOVEMBER 3, 2014

Klein The Federal Reserve Board indicated it is scrutinizing mortgage loan pricing models that comply with Regulation Z but nonetheless, in the view of the Board, significantly increase fair lending risk. We wrote about the case, Texas Department of Housing and Community Affairs v. The Inclusive Communities Project, Inc.

Lending 90

Lending Community Regulation Texas 90

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. Ag lending in the South: Relationships matter.

Community Bank 172

Community Bank Community National Philadelphia 172

Jeff For Banks

NOVEMBER 19, 2014

But in strategic planning retreats that I moderate, community financial institutions insist that they lend to small businesses. In fact, when I recently spoke to a group of New York bankers, I opined that community FIs would lend to small businesses only if they have three years of operating profit and a building as collateral.

Lending 92

Lending San Francisco Community Community Bank 92

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

Abrigo

JULY 25, 2017

In a recent Sageworks webinar Robert Ashbaugh, senior risk management consultant at Sageworks, discusses High Volatility Commercial Real Estate (HVCRE) lending best practices. Ashbaugh goes on to demonstrate that the default rates for these loans did not peak until about 2009, and the ALLL did not increase until 2010.

Risk Management 150

Risk Management Management Capital Lending 150

PYMNTS

MAY 30, 2018

Financing of all sorts was on the downswing, and SMB owners began dipping into their own piggy banks before seeking a lending agreement. The Economic Growth, Regulatory Relief and Consumer Protection Act loosened some of the regulations on small financial institutions, including community banks whose customers included many small businesses.

Lending 115

Lending Community Bank Survey Community 115

Abrigo

DECEMBER 16, 2019

Ours, who is Senior Vice President and Director of Credit Administration of Summit and its 32-location bank subsidiary, Summit Community Bank Inc., Ours said that for Summit Community, which decided to use the cohort methodology, which is a loss migration approach, the choice came down to the availability of quality data. “We

West Virginia 195

West Virginia Virginia Data Community 195

Abrigo

AUGUST 3, 2017

The FDIC paper The Entry, Performance, and Risk Profile of De Novo Banks published in April 2016 reports that the number of de novo bank failures and acquisitions annually has drastically declined since 2010, primarily due to the fact that new bank formations have become nearly inexistent. A low interest rate environment 2.

Oklahoma City 150

Oklahoma City FDIC Handbook Oklahoma 150

Jeff For Banks

JANUARY 28, 2012

Community financial institutions are grappling with the recent and pending mortgage rules. Two of our clients recently did so, and are finding ways to profitably offer this staple loan product to their customers and communities. In 2010, 334 thousand loans were funded for $55 billion. A note on the data. What do you say?

Marketing 81

Marketing Pennsylvania Lending Community 81

Independent Banker

FEBRUARY 24, 2016

Community banks cannot afford to ignore the staggering pace of lending adoption by both individuals and businesses using digital-only platforms from various nonbank technology-based specialty lending firms. But community banks should not be without hope, nor should they underestimate the significance of customer relationships.

Community Bank 70

Community Bank Community Lending FDIC 70

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. What if our lending footprint is very small and not affected by macroeconomic factors such as unemployment? Reasonable, defensible, data-based CECL models.

Policies 195

Policies Data Examples Lending 195

PYMNTS

OCTOBER 17, 2017

Ultimately, that effort was pushed back by a coalition of unions, consumer groups, community banking groups and legislators that did not trust Walmart’s business plan or intentions once they had the license and FDIC deposit insurance in hand. That lending operation has been fairly successful for Square, and has lent out over $1.8

Industry 108

Industry Fintech FDIC Community Bank 108

Independent Banker

NOVEMBER 24, 2014

“I love being around people, and people are what community banking is all about.” Overcoming various long odds over the years, Shirley Nelson launched and then grew a thriving California community bank. Shirley Nelson has built a nearly 50-year career doing two things she loves—community banking and giving back to her community.

Oakland 98

Oakland Community Bank Community Industry 98

Jeff For Banks

MARCH 3, 2010

Alex Pollack, a resident fellow at The American Enterprise Institute, had a sobering editorial in the March 3, 2010 American Banker. That Act did not permit national banks to lend on real estate. It remained at that level for nearly three decades when real estate lending began its meteoric rise to today’s levels.

Lending 60

Lending Capital Community National 60

CFPB Monitor

SEPTEMBER 25, 2015

The joint complaint filed by the CFPB and DOJ in federal district court in New Jersey states that the action resulted from a joint investigation by the agencies of the bank’s lending practices following the CFPB’s referral of the bank to the DOJ pursuant to the ECOA.

NJ 60

NJ New Jersey New York Philadelphia 60

Independent Banker

JULY 1, 2015

Teton Banks, a $200 million-asset community bank, is located in central Montana. Although the bank provides other commercial and business loans, about two-thirds of the bank’s loan portfolio centers on agricultural-related lending. That bank merged with its sister bank in 2010 to form Teton Banks.

Montana 70

Montana Minnesota Lending Community 70

Jeff For Banks

DECEMBER 18, 2014

They are built as a relationship bank serving the Korean community in LA and surrounding areas. The lion''s share of their growth, profitability, and capital have come since their re-branding to Open Bank in 2010. share at the end of 2010. Year to date through September 30th, Open Bank had $4.5 BofI Holding, Inc. Well done! #3.

North Dakota 90

North Dakota Arizona Minnesota Los Angeles 90

CFPB Monitor

NOVEMBER 24, 2021

On November 22, 2021, the CFPB filed its seventh status report with the California federal district court hearing the lawsuit brought by the California Reinvestment Coalition, National Association for Latino Community Asset Builders, and two individual plaintiffs in 2019.

Report 78

Report California Conference Community 78

Independent Banker

MARCH 15, 2015

Thoughtful lending and an open mind keep profits strong for incoming ICBA chairman Jack Hartings. in Coldwater, Ohio, and ICBA’s incoming chairman, held fast to his community bank’s conservative lending practices. Jack Hartings Photo by Michael Nemeth. By Kelly Pike. The Peoples Bank Co. Coldwater, Ohio. Assets: $450 million.

Ohio 70

Ohio Community Bank Community Lending 70

PYMNTS

DECEMBER 28, 2018

consumers owe roughly 26 percent of their annual income to debt, up from 22 percent in 2010. The rising rates have not only made debt more expensive, but they have been a weight on loan growth across both bank and FinTech lending platforms in the back half of the year. It’s easy to lend money. That amounts to $13.2

Millennials 145

Millennials Lending Data System 145

American Banker

SEPTEMBER 12, 2016

While troubling factors such as higher risk profiles may be behind the recent lending boom, the industry could also just be returning to the historical average for loan growth following the "Great Panic" of 2008-2010.

Lending 28

Lending Industry Community Bank Community 28

Jeff For Banks

SEPTEMBER 13, 2015

He joined COB's board in 2009 after its $310 million recapitalization which was needed from a disastrous slew of losses incurred starting in 2008 as a result of awful credit decisions, leading to a 21% NPA/Asset ratio peak in 2010. Selection: Mitch Englert, EVP of Community Banking, Capital City Bank Group, Inc.

Community Bank 60

Community Bank Lending Community Security 60

PYMNTS

JULY 7, 2018

The company noted that the goal of adding bikes was to continue to develop the “best possible experience for all members of the Lyft community.” Though FinTech companies originated less than 1 percent of personal loans in 2010, they originated 36 percent of them in 2017.

Samsung 110

Samsung Payments Seattle Google 110

Insights on Business

JANUARY 10, 2017

And Blockbuster, which in 2004 had about 60,000 employees and more than 8,000 stores, was in bankruptcy by 2010 because Netflix and other on-demand video providers figured out how to deliver a much more convenient and rewarding experience. It’s no different in banking and financial services. Step 2: Create pilots.

Customer Experience 87

Customer Experience social media Video Innovation 87

Jeff For Banks

DECEMBER 19, 2015

Those investors that jumped onboard at the end of 2010 were well rewarded. Investors that got in the stock at the end of 2010 were rewarded with an 862% total return. through its subsidiary BNC National Bank, offers community banking and wealth management services in Arizona, Minnesota, and North Dakota from 16 locations.

North Dakota 60

North Dakota Arizona Michigan Florida 60

CFPB Monitor

JULY 11, 2022

When the Truth in Lending Act became law in 1969, the Federal Reserve Board soon thereafter promulgated its implementing regulation, Regulation Z. As everyone knows, the Dodd-Frank Act became law on July 21, 2010 and one year thereafter, jurisdiction to interpret the Fed’s consumer finance regulations was transferred to the CFPB.

Regulation 78

Regulation Meeting Pennsylvania Compliance 78

CB Insights

FEBRUARY 13, 2020

Brothers Patrick and John Collison founded Stripe in 2010 in an attempt to gain share in online payments, a then-nascent market with seemingly boundless growth opportunity. Stripe’s early success in acquiring customers was largely due to its mass appeal to the developer community. Business lending and corporate cards.

Online 98

Online Company Retail Payments 98

Jeff For Banks

JUNE 2, 2023

The old borrow short, lend long strategy. Economists cite as the main culprit the collapse of the subprime mortgage market — defaults on high-risk housing loans — which led to a credit crunch in the global banking system and a precipitous drop in bank lending. To fight inflation, the Fed raised rates aggressively (familiar?).

FDIC 60

FDIC Community Bank Regulation Lending 60

Jeff For Banks

OCTOBER 19, 2012

It seems to me that reducing burdensome regulations and not implementing harsher capital requirements would be more effective alternatives to incentivize lending than pushing all yields toward zero while buying up all of our bonds. I know I risk sounding like Charles Plosser, but so be it. The rest of the people are somewhere in between.

National 78

National Security US Massachusetts 78

Fintech Labs Insights

NOVEMBER 30, 2015

The funds, which come from Community Investment Management, will help Lighter Capital increase its investment cap from $1 million to $2 million. Lighter Capital was founded in 2010, and in the past two years has increased investments by 10x, and has funded 6 businesses per month.

Capital 12

Capital Lending Seattle Community 12

CB Insights

FEBRUARY 16, 2021

In 2010, for example, a programmer purchased pizza for 10,000 bitcoin (~$30). People in underbanked communities, for example, can transact using this form of digital currency, especially if they live in areas where economic uncertainty is a regular concern. Why use stablecoins? Source: Quartz.

cryptocurrency 101

cryptocurrency Bitcoin Examples blockchain 101

Fintech Labs Insights

AUGUST 22, 2024

Lendsmart: AI-driven platform streamlining home lending processes, new partnerships with regional banks. Invest Sou Sou (now Wellthi): Savings platform rebranded as Wellthi, focusing on community-based savings. SocietyOne (acquired by MoneyMe): Raised $70M, peer-to-peer lending platform, gained traction with competitive interest rates.

San Francisco 15

San Francisco New York San Jose Tools 15

Abrigo

SEPTEMBER 14, 2022

Financial institutions, fintech companies, and other small business lenders will need to begin collecting a wide array of small business lending data under the Consumer Financial Protection Board’s (CFPB) proposed small business lending data collection rule. The proposed rule , unveiled Sept. A Decade in the Making. If they don’t?

Lending 195

Lending Data Regulation Community 195