Independent Banker

DECEMBER 31, 2021

If 2020 was the year no one expected, 2021 was a year of resetting expectations. Between a smoldering pandemic, the divisive political landscape and strong, albeit uneven, growth, there was a lot to account for in 2021, and some uncertainty remains. Janet Silveria, Community Bank of Santa Maria. What changes will 2022 bring?

Community Bank 144

Community Bank Community Lending Louisiana 144

PYMNTS

SEPTEMBER 29, 2020

The spikes were especially concentrated in the south Brooklyn and Queens neighborhoods with large Orthodox Jewish communities observing Yom Kippur. Because of all of these factors, attorney Al Togut , who's worked in bankruptcies before, predicted an "avalanche" of bankruptcies in the fall and winter, Bloomberg reported.

New York 224

New York New York City Taxes Community 224

PYMNTS

MAY 12, 2020

A survey by the National Community Pharmacists Association last fall found the number of independent pharmacies fell by nearly 20 percent to 18,478 stores last year, down from 23,029 in 2012. The closures represent a loss of nearly $17 billion in annual revenue, 15,000 jobs and millions in tax revenue.

Survey 200

Survey California Taxes Online 200

Independent Banker

FEBRUARY 28, 2022

The ICBA Capital Summit is the premier event for community bankers looking to advocate for their industry. Community bankers, pack your bags for Washington, D.C. Community bankers, pack your bags for Washington, D.C. While at the ICBA Capital Summit, community bankers will enjoy insights from expert speakers.

Community 180

Community Washington Community Bank Capital 180

South State Correspondent

JUNE 30, 2023

Many banks pride themselves on superior customer service, and approximately 90% of all community banks believe that they provide an above-average level of customer service (the math cannot work that way). The graph below shows the industry ROE and ROA from 1984 to 2021.

Resources 195

Resources Community Bank Capital Community 195

Abrigo

APRIL 22, 2024

Takeaway 2 Several small business lending processes can tax both borrowers and staff. Small business lending is also a prominent line of business for many financial institutions, especially those driven by a mission to help their communities thrive. They lead to inefficiencies and roadblocks to small business lending.

Lending 243

Lending St. Louis Community Marketing 243

PYMNTS

APRIL 22, 2020

GPay has a supportive ecosystem from G-Group with above 20 million users of financial platforms, game community, social network and technology companies. Gapo teamed up with Sony Music Entertainment to feature music content, and aims to reach 20 million by January 2021. Gapo has received 500 billion dong ($21.55

Payments 154

Payments social media Groups Taxes 154

Abrigo

JANUARY 14, 2021

Takeaway 1 This round of PPP funding focuses on new borrowers in low- and moderate-income communities. . There is no doubt that the COVID-19 global pandemic has challenged communities across the country and has created a significant economic downturn, which has hit small businesses especially hard. PPP Fraud Spikes.

Fraud 195

Fraud Compliance Community Trends 195

Independent Banker

SEPTEMBER 30, 2021

Community banks operate on a majority of the country’s military installations. Given their selfless service, active-duty personnel rely on community banks that understand their unique needs. Community banks comprise more than two-thirds of the 66 banks operating on U.S. Photo by: Dero Sanford. By Judith Sears.

Arkansas 168

Arkansas Community Bank Community Operations 168

PYMNTS

MARCH 17, 2020

In addition, dynamic pop-up, cultural, artistic or community-oriented programming aligned with these goals will be encouraged to ensure that the space functions as a vibrant asset and experience for residents and visitors,” according to the statement. has hiked the normal commercial property tax rate on vacant property from between $1.65

Retail 135

Retail Arlington San Francisco Milwaukee 135

Abrigo

FEBRUARY 27, 2020

Many community bankers expect a recession will start by at least mid-2021, according to the most recent Community Bank Sentiment Index. I’m surprised at how inefficient and poorly automated things are,” said David O’Connell, Senior Analyst with research firm Aite Group , after reviewing the survey results.

Lending 243

Lending Survey Data System 243

Abrigo

MAY 22, 2024

Takeaway 2 Several small business lending processes can tax both borrowers and staff. Small business lending is also a prominent line of business for many financial institutions, especially those driven by a mission to help their communities thrive. They lead to inefficiencies and roadblocks to small business lending.

Lending 195

Lending St. Louis Community Marketing 195

FICO

DECEMBER 1, 2020

Unfortunately, 2021 will bring the after-effects, as credit grantors, consumers and governments try to work through a flood of uncollectable debt. There’s a whole community of debt now swirling around, and sole traders will have to go to the government for relief to stay in business. Lower tax payments will bring more cuts.

Taxes 76

Taxes Lending Capital Regulation 76

Independent Banker

MARCH 31, 2022

We asked community banks how they’re dealing with the resulting shifts in their employment models. Before remote work was an emergency measure to keep employees safe from a devastating virus, it was a perk some community banks offered to retain and attract talent. is among the community banks carefully navigating the new landscape.

Missouri 142

Missouri Community Bank Community Management 142

Abrigo

SEPTEMBER 10, 2021

BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. See Part I: Implications for Community Financial Institutions. Stay up-to-date on the latest FinCEN Priorities. Criminalizing Terroism Financing. USA PATRIOT Act enacted.

Training 195

Training Risk Management Pennsylvania Resources 195

Abrigo

FEBRUARY 10, 2021

You might also like this webinar, How the 2021 Roadmap for Producers will Influence Ag Lending. We always advise landowners to undergo an assessment to protect these funds from taxes and help them to create entity strategies or fund new equipment for the greatest value. Stay up-to-date on the latest on ag lending trends. Watch Webinar.

Lending 195

Lending West Virginia Resources Operations 195

PYMNTS

JUNE 22, 2020

This creates an exciting opportunity for the communities that surround these properties.”. Green Street Advisors predicts more than 50 percent of all department stores will close by the end of 2021,” Linfante says. Department store closures and bankruptcies have been ongoing for some time. The tale of woe (or whoa!)

NJ 132

NJ New Jersey Retail Illinois 132

BankUnderground

JANUARY 26, 2023

Yet between March 2020 and December 2021 (‘the pandemic’), housing prices grew in the UK, reaching at the time their highest growth rate in a decade. Also, some of the growth in housing prices in 2021 could have been mechanically driven by changes in the types of properties households were buying in 2020.

Regional 124

Regional Analysis Trends Policies 124

South State Correspondent

JULY 5, 2022

In a stagflation environment, as interest rates rise and cash flow (earnings before interest, taxes, depreciation, and amortization (EBITDA), or net operating income (NOI)) decreases, the borrower’s capacity to service debt as measured by the debt service coverage ratio (DSCR) decreases rapidly. in December 2021).

Management 195

Management Capital US Community Bank 195

Abrigo

DECEMBER 20, 2021

Whether that is the case or not, the reprieve is now over. On December 16, 2021, FinCEN announced an $8 million civil money penalty against CommunityBank of Texas (CBOT) for willful Bank Secrecy Act (BSA) violations and failing to maintain an effective anti-money laundering (AML) program. Fundamentals of BSA.

Resources 195

Resources Texas Analysis System 195

Gonzobanker

MARCH 24, 2021

Community banks and credit unions, in total, have 56 million. These should be the new targets for mid-size and community institutions. This translates to lost revenue of $110 billion pre-tax at banks and $10 billion at credit unions. Chase and other megabanks can report similar results.

Customer Experience 118

Customer Experience Strategy Community ATM 118

PopularBank

OCTOBER 28, 2020

The branch closures, which are expected to be completed simultaneously by January 29, 2021, are projected to reduce annual operating expenses by approximately $13 million. Popular is committed to meeting the needs of our customers and communities, guided by our 127-year legacy. The expenses include a pre-tax charge of approximately $2.4

Puerto Rico 52

Puerto Rico New York Metro Community 52

South State Correspondent

MAY 31, 2023

What used to take $160 million in deposits to break even back in early 2021 now takes closer to $40 million. Take the time and effort to explain the backgrounds of the bankers, both personal and professional, and invite the community to establish a relationship. The goal is to create energy and engagement.

Data 195

Data Branch Strategies Strategy Mobile 195

Jeff For Banks

FEBRUARY 4, 2023

On its website , ChatGPT describes its limitations as may occasionally generate incorrect information, may occasionally generate harmful instructions or biased content, and has limited knowledge of the world and events post 2021. Assistance in cyber security measures, such as "Describe the 2021 Kaseya ransomware attack.";

United States 78

United States US Cyber Security Taxes 78

PYMNTS

APRIL 21, 2017

The international commerce boom may be best exemplified over the last month by activity in the Asia-Pacific region, with South China’s eCommerce industry set to be worth roughly $839 billion by 2021. .

blockchain 102

blockchain Denver Regional Trends 102

PYMNTS

APRIL 30, 2018

In this world, the only things certain are death and taxes. billion by 2021. billion in 2021 and on the Internet of Things at 14 percent a year from $772.5 trillion in 2021. Many of Franklin’s published aphorisms have survived the test of time and remain quite familiar. A penny saved is a penny earned. Benjamin Franklin.

Fintech 183

Fintech blockchain Lending Digital Banking 183

PYMNTS

OCTOBER 11, 2017

Facebook will receive around $19 million in state tax exemptions through 2035, CNN Tech reported. The grocery, retail, housing and office portions of the project are slated for completion by 2021. Facebook said that the ability to source clean, renewable energy was a critical factor in the selection of Henrico County.

social media 100

social media San Francisco Boston Chicago 100

FICO

JANUARY 19, 2022

From TBML to BNPL to NFTs, 2021 found fraud and financial crime professionals dealing with a plethora of new challenges and criminal schemes. This week we launched the first analytic models to profile and identify scams , built on the global community of Falcon Fraud Manager customers, the FICO Falcon Intelligence Network.

Fraud 52

Fraud Cards Report Analytics 52

PYMNTS

MARCH 18, 2019

Last week, NACHA issued an ACH operations bulletin announcing the delay of the rollout of a third Same Day ACH (SDA) processing window by six months, to March 19, 2021. Also keen on the Fed’s involvement were the community banks and credit unions that worry (as they should) about having TCH as the only operator of an RTP network in the U.S.

Payments 201

Payments Cards Operations System 201

South State Correspondent

JULY 25, 2022

Has the bank felt any runoff in deposits after adjusting for tax payments? Real Estate Loan Growth: Originally (4Q of 2021), commercial real estate new projects were expected to grow 12% for 2022. The average community bank has a rating at the bottom end of the average (below). next month and then go to $95B per month for Sept.

Trends 195

Trends Lending Marketing Capital 195

Jeff For Banks

JULY 1, 2024

Lower GDP means lower inflation but it may also mean lower tax receipts. Maybe everyone will forgive the Fed and people like myself in 2021 for initially thinking inflation would be “transitory” because of supply shocks. Dorothy recently retired from Penn Community Bank where she worked since 2004.

Marketing 118

Marketing Conference Policies Survey 118

Jeff For Banks

MARCH 21, 2024

No one will forget the inflation that followed in 2021 to 2023, started first by supply chain issues, but then fueled by the Fed’s purchases and the obscene amount of cash handed out by the federal government. Dorothy recently retired from Penn Community Bank where she worked since 2004. M2 growth was out of control at over 20%.

Marketing 111

Marketing Policies Report Atlanta 111

Jeff For Banks

JUNE 2, 2023

When the Taxpayer Relief Act of 1997 passed, the top capital gains tax rate was lowered, providing yet another incentive for equity speculators to pour money into the fledgling internet industry. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate? Good times.

FDIC 60

FDIC Community Bank Regulation Lending 60

Gonzobanker

DECEMBER 17, 2021

Gonzo readers, 2021 was just plain schizophrenic. 2021 fintech investments, merger activities, and overall focus were off the charts. Two, read and enjoy the 2021 GonzoBanker awards, our annual take on the best things we saw during the year. So which merger was the best in 2021? Doug Larson. THE BANKER AWARDS.

Fintech 133

Fintech Strategy Leadership Lending 133

South State Correspondent

MARCH 28, 2024

By partnering with community leaders, state and federal agencies, local commissions, and commercial customers, banks can be an effective conduit to leverage this public capital better while making sure the funds are fully utilized effectively in the communities we serve.

America 195

America Strategy Taxes Community 195

Lex Sokolin

JANUARY 14, 2021

Like taxes. This is why the OCC has spent so many calories on defining special purpose fintech charters , and why the local community bodies hate it. Here is a rough break down of budget and staff in the various agencies. The IRS just wants its pound of flesh. It is the muscle of the Treasury. Second, Fintechs (e.g.,

America 52

America Wyoming National Capital 52

Lex Sokolin

JANUARY 14, 2021

Like taxes. This is why the OCC has spent so many calories on defining special purpose fintech charters , and why the local community bodies hate it. Here is a rough break down of budget and staff in the various agencies. The IRS just wants its pound of flesh. It is the muscle of the Treasury. Second, Fintechs (e.g.,

America 52

America Wyoming National Capital 52