CFPB Monitor

AUGUST 31, 2021

The OCC, FDIC, and Federal Reserve Board have issued a guide that is intended to assist community banks in conducting due diligence when considering relationships with financial technology (fintech) companies (Guide). Banks are instructed to reference relevant guidance from the agencies that is listed in a footnote.

Community Bank 78

Community Bank Community Fintech Company 78

Abrigo

MARCH 17, 2022

The 2022 stress test scenarios provide a blueprint for community banks and credit unions to get started on their own stress tests. Banks and credit unions can tailor them to their own instances rather than building them from the ground up – editing the regulator-developed scenarios as opposed to creating them from scratch. "a

Capital 195

Capital Regulation Risk Management Community 195

Jeff For Banks

AUGUST 2, 2021

2/ @Schornack The primary asset of the organization was Flagship Bank Minnesota, a Member FDIC and Equal Housing Lender with two locations in the Twin Cities Metro Area. 3/ @Schornack The bank was under a cease and desist order and struggling with a high level of troubled assets. In June 2021, we were up to six locations, $327.6

Community Bank 78

Community Bank Community Minnesota Metro 78

Independent Banker

JUNE 30, 2022

The Peoples Bank helped the Jones family of Legacy Dairy in Hiseville, Ky., From left, Ally Jones; bank chairman, president and CEO Terry L. Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. The bank provides crop insurance to farmers in 11 states.

Community Bank 172

Community Bank Community National Philadelphia 172

Abrigo

JUNE 11, 2021

As recently as May 2021, regulators identified interest rate risk as among the key risks in the economy, financial markets, and the banking industry that could affect insured institutions. The large increase in deposits coupled with decreased loan demand pose interest rate risk challenges for banks,” the Federal Deposit Insurance Corp.

How To 195

How To Risk Management Analysis Kansas City 195

ABA Community Banking

MARCH 1, 2022

FDIC-insured banks and savings institutions earned $63.9 billion in the fourth quarter of 2021, a 7.4% billion, the FDIC reported today in its Quarterly Banking Profile. The post FDIC: Bank Profits Rise in Fourth Quarter, Full Year appeared first on ABA Banking Journal.

FDIC 49

FDIC Report Community Bank Community 49

Jeff For Banks

MAY 30, 2024

In December 2021, when the Fed Funds Rate stood at 0-25 basis points and prior to the Fed's tightening beginning in the first quarter of 2022, there were $18.2 trillion in domestic deposits, according to the FDIC's Statistics at a Glance. trillion in total assets at December 2021 to $6.1 What happened? Louis Fed, went from $5.2

Strategy 104

Strategy St. Louis FDIC Retail 104

Independent Banker

OCTOBER 1, 2022

“A lot of people have this notion that it will never happen to my business or my bank, because it’s too small,” says Linda Comerford, assistant vice president of incident response and cyber services at AmTrust Financial Services Inc. The bank was only able to get fully up and running after it paid a negotiated ransom.”.

Montana 152

Montana Policies Resources FDIC 152

ABA Community Banking

SEPTEMBER 8, 2021

FDIC-insured banks and savings institutions earned $70.4 billion in the second quarter of 2021, a 281% increase from a year ago, the FDIC reported today in its Quarterly Banking Profile. The post FDIC: Bank Profits Increase 281% in Second Quarter appeared first on ABA Banking Journal.

FDIC 45

FDIC Report Community Bank Community 45

Independent Banker

JULY 31, 2022

Observing the gap in pandemic relief in south Florida due to a lack of local community banks, a trio of banking veterans teamed up to form a digital-first community bank—and were granted a charter in record time to support local businesses. Name: Locality Bank. Keith Costello, Locality Bank. “We

Florida 91

Florida Community Bank Community FDIC 91

ABA Community Banking

NOVEMBER 30, 2021

FDIC-insured banks and savings institutions earned $69.5 billion in the third quarter of 2021, a 35.9% increase from a year before, the FDIC reported today in its Quarterly Banking Profile.

FDIC 45

FDIC Capital Report Community Bank 45

ABA Community Banking

MARCH 31, 2022

The FDIC said today that 99% of the banks it supervises were rated satisfactory or better for consumer compliance and Community Reinvestment Act compliance, as of the end of 2021. The post 99% of FDIC Supervised Banks Rated Satisfactory or Better for Consumer Compliance appeared first on ABA Banking Journal.

FDIC 45

FDIC Compliance Community Community Bank 45

ABA Community Banking

MAY 26, 2021

FDIC-insured banks and savings institutions earned $76.8 billion in the first quarter of 2021, a 315.3% increase from a year ago, the FDIC reported today in its Quarterly Banking Profile. The post FDIC: Bank Profits Strong in First Quarter Amid Economic Recovery appeared first on ABA Banking Journal.

FDIC 40

FDIC Report Community Bank Community 40

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

Jeff For Banks

AUGUST 14, 2022

The FDIC's quarterly Supervisory Insights for Summer 2011 had a list! So much so that the acting Comptroller of the Currency of the prior administration, Brian Brooks, proposed a rule in November 2020 that would forbid banks to blacklist legal industries. What were disfavored industries?

Operations 78

Operations Lending Industry FDIC 78

Jeff For Banks

DECEMBER 16, 2022

As a point of reference, the S&P US BMI Bank Total Return Index for the five years ended December 9, 2022 was -1.21%. Before we begin and for comparison purposes, here are last year's top five , as measured in December 2021: #1. Each employee has an ownership stake in the bank through its Employee Stock Ownership Plan.

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

ABA Community Banking

APRIL 6, 2022

The Treasury Department’s Community Development Financial Institutions Fund today awarded $26 million to 158 FDIC-insured banks through the fiscal year 2021 round of the Bank Enterprise Award Program. The post Banks awarded for increased investment in distressed communities appeared first on ABA Banking Journal.

Community 40

Community FDIC Community Bank Lending 40

Jeff For Banks

JUNE 2, 2023

Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate? In many respects, community banks were caught in the cross-fire through the purchase of those mbs instruments – and subsequent trial through public sentiment. The Fed Funds rate was zero in December 2021.

FDIC 60

FDIC Community Bank Regulation Lending 60

Abrigo

SEPTEMBER 14, 2022

In February 2020, a settlement was reached, and by September 2021 the CFPB had issued the NPRM. Many community banks and credit unions have typically been exempted from this data collection in the past. FDIC Releases Formal and Informal Enforcement Actions Manual. Points of Note. Data collection requirements. Learn More.

Lending 195

Lending Data Regulation Community 195

Gonzobanker

DECEMBER 19, 2024

At the same time, CEO Tim Spence is pursuing innovative fintech strategies, with a BaaS play via Newline, its embedded payments provider and API platform, and the continued focus on the Provide division, a healthcare fintech acquired in 2021. Ashwin Goyal built his Enable team around former Terafina (acquired by NCR in 2021) colleagues.

Fraud 88

Fraud Fintech Marketing Industry 88

Jeff For Banks

APRIL 14, 2022

A Primer on Money, Banking, and Gold 2008 Cordelia Frances Biddle Biddle, Cordelia Frances Biddle, Jackson, and a Nation in Turmoil: The Infamous Bank War 2021 Alan S. Guardians of Prosperity: Why America Needs Big Banks 2013 John F. Blinder Blinder, Alan S. Giannini: Banker of America 1994 Richard X. al Gall, Lothar et.

America 60

America National Denver United States 60