Jeff For Banks

OCTOBER 14, 2024

Community banking has almost achieved Kleenex or Xerox fame, being generalized to the point of meaninglessness. PNC ($557 billion in total assets) calls itself a "Main Street Bank." We have not done a good job explaining what a community bank is. They called community banks. Less safe and secure.

Community Bank 101

Community Bank Community Capital Lending 101

South State Correspondent

JULY 26, 2023

The bigger risk to community banks’ business model is not a moderate recession induced by aggressive interest rate increases by the Federal Reserve. The yield curve impact is having a negative effect on bank profits. The market currently does not see, on the balance of probability, interest rate cuts until Q2’24.

Community Bank 195

Community Bank Community Strategy Atlanta 195

South State Correspondent

APRIL 30, 2024

An inverted yield curve, continued bank failures, and the desire to manage risk and offer clients higher service are all factors that are driving more community banks to adopt a loan hedge program. Community banks do this profitably by turning transactional accounts into relationships.

Community Bank 195

Community Bank FDIC Community National 195

South State Correspondent

APRIL 30, 2024

An inverted yield curve, continued bank failures, and the desire to manage risk and offer clients higher service are all factors that are driving more community banks to adopt a loan hedge program. Community banks do this profitably by turning transactional accounts into relationships.

Community Bank 195

Community Bank FDIC Community National 195

South State Correspondent

JANUARY 16, 2024

Bloomberg recently announced that it will shut down its BSBY index on November 15, 2024. We published various articles comparing community bank alternatives to LIBOR (such as SOFR, Ameribor, Fed Funds, and Prime). Historically, community banks have hesitated to adopt derivatives for several reasons.

Community Bank 195

Community Bank Community Compliance CA 195

Jeff For Banks

DECEMBER 10, 2024

As a point of reference, the S&P US BMI Bank Total Return Index for the five years ended December 6, 2024 was 34.55%. 2 Northeast Bank (NasdaqGM: NBN) Northeast Bank is a full-service bank headquartered in Portland, Maine that had $3.9 billion in total assets and seven branches at September 30, 2024.

Las Vegas 70

Las Vegas Lending Community Bank North Carolina 70

South State Correspondent

APRIL 9, 2024

We estimate that the average contractual loan commitment for term credit at community banks has decreased from just under five years in 2022 to just under three years currently. Community banks should carefully consider the prudence of such a strategy from both a risk and revenue perspective.

How To 195

How To Community Community Bank Marketing 195

South State Correspondent

NOVEMBER 29, 2023

Community banks are striving to increase loan yield and maintain their cost of funding (COF). We have created and used a novel structure to take advantage of the inverted yield curve to allow community banks to increase net interest margin (NIM) and fee income on these existing fixed-rate loans.

Community Bank 195

Community Bank Community Tools Strategy 195

American Banker

NOVEMBER 21, 2023

Bankers are hopeful that several factors could strengthen profits next year, including higher loan demand and more stable funding costs as the Fed holds the line on — or even lowers — interest rates.

Community Bank 85

Community Bank Community Lending 85

Independent Banker

FEBRUARY 28, 2022

percent through 2024—a number above the long-term growth rate of 2 percent–what should be of interest to lenders during this time is the direction of interest rates. What it means for community banks is clear. Developing leaders in mortgage lending. While the U.S. economic growth rate is predicted to settle upwards of 2.5

Leadership 91

Leadership Strategy Lending Community Bank 91

South State Correspondent

AUGUST 14, 2024

Commercial lending is more competitive than ever. Why Is It Important for Lenders Most community bank commercial clients do not have professional CFOs or treasurers. Therefore, while the community customer may be proficient in running his/her business, often they lack financial tools and need help understanding the math.

Tools 195

Tools Marketing Community Bank Community 195

South State Correspondent

NOVEMBER 29, 2023

One of the lessons that was driven home at the recent American Banker Small Business Banking Conference in Nashville was the difference in marketing between large national banks and community banks, particularly deposit marketing. Many banks fall into the “recency trap.” Bank engagement is a habit.

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Marketing Regional National Nashville 195

South State Correspondent

SEPTEMBER 20, 2023

For example, if you are a bank in California, Florida, New York, or Pennsylvania, going after private schools, colleges, or insurance companies should be considered due to not only the large number of target institutions but also the size of those institutions, which lends itself to having multiple banks.

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Management Survey Industry Community Bank 195

ABA Community Banking

MAY 29, 2024

The banking industry reported net income of $64.2 billion in the first quarter of 2024, an increase of $28.4 from the previous quarter, according to the FDIC’s most recent Quarterly Banking Profile released today. The figure was down from Q1 2023, when FDIC-insured banks and savings institutions earned $79.8

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FDIC Industry Report Community Bank 52

American Banker

FEBRUARY 13, 2024

Senior loan officers recently told the Federal Reserve that loan demand weakened and underwriting tightened last quarter, but both at a slower pace than three months earlier. They anticipate demand for credit will improve, especially in the back half of the year — provided rates begin to fall.

Community Bank 87

Community Bank Lending Community 87

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. Expect more deals to be announced in 2024.

Fintech 192

Fintech Community Regional Technology 192

American Banker

JUNE 23, 2024

This year Texas banks dominated American Banker's annual list of the top-performing larger community banks. See which institution came in at No. 1 for this asset class.

Texas 83

Texas Community Bank Community Lending 83

American Banker

OCTOBER 24, 2024

The bank cut its dividend, raised capital, hired multiple top executives and vowed to reduce its commercial real estate concentration after a bruising first half of 2024.

Maryland 74

Maryland Capital Community Bank Community 74

Jeff For Banks

APRIL 4, 2024

And, according to some EDP students that are lenders, are turning to the shadow banking market that do not have deposit demands. Such as direct lending funds, and insurance companies. Shadow Banking refers to banking-like operations that take place outside of the mainstream banking industry.

Banking Trends 113

Banking Trends Trends Millennials Oregon 113

Gonzobanker

MAY 23, 2024

Cornerstone surveyed over 300 community banks and credit unions and found that more than 60% are not satisfied with their current core provider across several categories. Some financial institutions have recently converted core systems, but they haven’t seen material improvements to their customer experience or efficiency.

System 126

System social media Technology Training 126

South State Correspondent

JUNE 27, 2023

It’s a way for banks to speak with each other, and it started to be phased in during the first quarter of this year with the goal of a complete conversion by 2025. While this is mostly the domain of large banks, there are three reasons why your community bank should consider adopting this language to increase future bank performance.

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System Data Examples Payments 195

Independent Banker

DECEMBER 31, 2022

We recently spoke with community bank CEOs from across the country to gain insights on how they’re proactively positioning to manage risks and take advantage of growth opportunities in the coming year. Following some respite in 2022, community bankers are bracing for a tougher economic landscape ahead in 2023. Corey Neil.

Community Bank 91

Community Bank Community Tampa North Carolina 91

American Banker

JUNE 23, 2024

This year Texas banks dominated American Banker's annual list of the top-performing larger community banks. See which institution came in at No. 1 for this asset class.

Texas 64

Texas Community Bank Community Lending 64

American Banker

NOVEMBER 22, 2016

Huntington Bancshares in Columbus, Ohio, said it plans to add 1,000 jobs by 2024 at a new office complex in Columbus and lend $300 million to low- and moderate-income communities in the city over the next five years.

Columbus 28

Columbus Lending Ohio Community 28

American Banker

NOVEMBER 22, 2016

Huntington Bancshares in Columbus, Ohio, said it plans to add 1,000 jobs by 2024 at a new office complex in Columbus and lend $300 million to low- and moderate-income communities in the city over the next five years.

Columbus 28

Columbus Lending Ohio Community 28

American Banker

FEBRUARY 7, 2024

In a bid for scale and diversification, Illinois-based Empeople Credit Union said it would expand in Wisconsin with the planned acquisition of TSB Bank.

Wisconsin 50

Wisconsin Illinois Community Bank Community 50

American Banker

DECEMBER 26, 2023

The deadline for a $28 million deal between Bancorp 34 and CBOA Financial was pushed later into 2024 after Bancorp 34, the buyer, announced it would restate third-quarter results to reflect a significant loss tied to a worsening commercial real estate credit.

Arizona 36

Arizona Community Bank Community Lending 36

Fintech Labs Insights

MARCH 14, 2024

For financial marketers, especially those in credit unions and community banks, the biggest event of the year, The Financial Brand Forum , is just two months away. For the most part, early-bird (or very-early-bird) prices are still in effect, so you can easily save $1,000 or more on a pair of tickets.

Conference 15

Conference Fintech Marketing Las Vegas 15

American Banker

APRIL 21, 2024

As recently as a few months ago, many observers predicted a surge of bank mergers this year. But longtime obstacles to dealmaking are still there and have been joined by new ones.

Community Bank 85

Community Bank Community Lending 85

Fintech Labs Insights

AUGUST 22, 2024

Europe 2024 (London): Corsound AI: AI company advancing in sound recognition technologies, expanding market reach, receiving favorable industry reviews and increasing investment interest. Fall 2020 (Digital): Finzly: Banking software innovator, launched new payment solutions, expanded client base in the U.S. SAVVI AI : Raised $5.6M

San Francisco 15

San Francisco New York San Jose Tools 15

Independent Banker

NOVEMBER 30, 2021

Many hotels and other hospitality businesses haven’t fully bounced back from COVID-19 travel and safety restrictions, but community banks have been by their side through the challenges. MainStreet Bank has a sizable hotel loan portfolio with roughly $100 million in loans on 15 properties. Sushil Patel, State Bank of Texas.

Community Bank 209

Community Bank Community Texas Dallas 209

Gonzobanker

DECEMBER 19, 2024

” Sam Cooke Gonzo Nation, 2024 went by so fast that nobody had a chance to stop and think about what in the world was going on. We humbly offer the 2024 GonzoBanker awards for your review. More and more regional banks are looking outside of The Big 3 core providers, which is a big opportunity for TCS and its global peers.

Fraud 78

Fraud Fintech Marketing Industry 78

Gonzobanker

JULY 25, 2024

A recent Wall Street Journal nailed the title— Main Street Banking Model Is Being Squeezed —but missed the mark on the cause. Commenting on the Q1 2024 profit declines for many community and regional (i.e., ” National providers—banks, fintechs (e.g., The savior? Getting there won’t be easy.

Community Bank 140

Community Bank Community Lending Maine 140

South State Correspondent

DECEMBER 5, 2024

A steeper yield curve, better credit outlook and increased projected margins have given banks more confidence to increase technology and product investments in 2025. While technology budgets are always difficult to compare, banks are expected to spend 4.7% more next year than compared to 2024.

Trends 195

Trends Technology Data Apple 195