South State Correspondent

JUNE 18, 2024

Deposit costs and liquidity remain a challenge for some community banks as competition for core funding remains intense. The graph below compares the liquidity ratio for community banks (under $10B in assets) and banks over $100B in assets. This deposit and loan repricing mismatch caused NIM pressure at community banks.

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Community Bank Community Risk Management Management 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. No ISDA documents.

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Community Bank Community Compliance CA 195

South State Correspondent

MAY 18, 2022

In two recent articles, we reviewed the banking industry’s deposit behavior with regard to cost of funding earning assets (COF) ( HERE ), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle ( HERE ). Deposit Behavior In This Tightening Cycle Versus Last Three.

Community Bank 195

Community Bank Community Analysis Industry 195

American Banker

NOVEMBER 8, 2023

The National Credit Union Administration approved the Young Community Federal Credit Union to begin operations in Kentucky soon. An organization in Maryland is shooting for a 2024 opening.

Maryland 81

Maryland Kentucky Groups Community 81

Jeff For Banks

MARCH 21, 2024

Our lives changed forever from this whole experience of the government’s declaration of a national emergency, leading to forced shutdowns of businesses and schools, mandated mask wearing, forcing 6-foot distances between people, travel restrictions, fear mongering with case and death counts, and forced vaccines/boosters.

Marketing 143

Marketing Policies Report Atlanta 143

Perficient

DECEMBER 27, 2023

Additionally, the recent rule by the OCC, the Federal Reserve, and the FDIC strengthens and modernizes Community Reinvestment Act (CRA) regulations. The effective date of the new rule is April 1, 2024, with key provisions taking effect on January 1, 2026, and January 1, 2027. Banks

Compliance 221

Compliance FDIC Regulation Fraud 221

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.” There is a reason for this.

Marketing 195

Marketing Regional National Nashville 195

PopularBank

DECEMBER 7, 2022

Building inspections are required for community buildings in all 67 counties in Florida that are three or more stories in height. Effective December 31, 2024, no unit owner-controlled condominium or cooperative can vote to waive or partially fund the reserves. Popular Bank and its affiliates are not affiliated with ATM National, LLC.

Community 52

Community Florida Study ATM 52

South State Correspondent

MAY 9, 2022

In our previous article ( HERE ), we reviewed the banking industry’s cost of funding earning assets (COF), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle. The market anticipates about $3 trillion in total balance sheet reduction by the end of 2024.

Community Bank 195

Community Bank Community Industry Online 195

Independent Banker

DECEMBER 31, 2022

Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately. Community banks should keep an eye on evolving risks and emerging threats in 2023, including these: Small business data. An NPR is due in 2024 or before. Data privacy.

Compliance 100

Compliance FDIC Community Bank Community 100

PYMNTS

OCTOBER 6, 2020

billion people – will likely be using online and mobile banking services by 2024. Add in generational preferences for digital products, as well as the stricter regulatory requirements and oversight that national banks face, and it becomes clear that the effort to refresh big, old banks will be no easy task.

Digital Banking 256

Digital Banking ATM Mobile Atlanta 256

South State Correspondent

SEPTEMBER 20, 2023

We have also included the IBIS World 2024 risk ratings to provide some context for the credit and operating risk of the counterparty. National and regional banks control 70% of the cash management market, yet most cash management customers choose their bank because of service.

Management 195

Management Survey Industry Community Bank 195

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 190

Fintech Community Regional Technology 190

PopularBank

DECEMBER 11, 2023

Molly has been with Popular Bank since 2005 and was instrumental in growing PAB into a $2 Billion loan portfolio business and the national platform it is today. Effective January 1, 2024, Carlos Hernandez will be Division Manager for PAB. PAB has provided banking and lending services to community associations since 1994.

Management 52

Management Florida Community Leadership 52

PYMNTS

SEPTEMBER 4, 2020

People are now discovering small towns, small communities, they’re discovering national parks, falling in love with the outdoors, and realizing they can go to all sorts of other places. The genie is out of the bottle,” Chesky told Bloomberg. This is an irreversible trend.”.

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Course Community National Trends 215

Abrigo

JULY 20, 2024

Pruis Examining federal Call Report data from 2016 to Q1 2024 for banks with assets of $70 billion or less, Cornerstone found that only one in 10 institutions that started in 2016 with less than 18% of its portfolio in C&I was able to increase that percentage by 2023. However, most don’t measurably increase C&I from year to year.

Lending 195

Lending Risk Management Management Capital 195

South State Correspondent

MARCH 21, 2023

The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. The ERC filing deadline is October 2024. Currently, there are only a few established national brands processing ERC at scale (CPAs will do it for you on a one-off basis).

Taxes 195

Taxes Community Bank Community Operations 195

Gonzobanker

JULY 11, 2024

Halfway through 2024, most banks and credit unions have settled into the current environment— for better or worse. Secure the future deposit base through youth banking Over the past decade, community banks and credit unions have witnessed a concerning trend: their customer bases are aging faster than the national average.

Strategy 140

Strategy Analytics Tools Digital Banking 140

Abrigo

JANUARY 22, 2024

billion in losses globally last year, according to Nasdaq’s  2024 Global Financial Crime Report. For An informed and vigilant community is a powerful deterrent against fraud. It is no secret that the significant increase in fraud is one of the biggest concerns financial institutions face today.

Fraud 221

Fraud Risk Management Training Software 221

PYMNTS

MAY 12, 2020

Fed Forms FedNow Community. The Federal Reserve Banks have recently announced the formation of a new community around its upcoming real-time payment rail, the FedNow Service. The creation of the FedNow Community group aims to promote collaboration between industry stakeholders to ensure that the product roadmap remains optimized.

Payments 130

Payments Fraud Community Boston 130

PYMNTS

OCTOBER 25, 2019

The total transaction value of the fast-growing online payments industry for all products is set to surpass $6 trillion by 2024, according to our Payments and the Platform Economy Playbook. Amazon is leading the way on [same-day delivery], but they do that nationally. But it’s a concept that just might have legs. to France and U.S.

Retail 116

Retail National Mobile Security 116

CFPB Monitor

JUNE 25, 2020

On May 20, 2020, the OCC issued a final rule to “strengthen and modernize” its existing Community Reinvestment Act (“CRA”) regulations. Small and intermediate banks must comply with the rule by January 1, 2024. Until compliance with the final rule, national banks and federal savings banks must comply with the OCC’s current rule.

Community 97

Community Lending Meeting Retail 97

PYMNTS

OCTOBER 12, 2020

We’ve listened to our community and their requests for different payment options – more and more retailers are offering this as an option. With the clean beauty sector expected to hit $22 billion by 2024 , Beautycounter and Renfrew will continue to push the industry forward with product launches and advocacy efforts for cosmetic reform.

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Innovation New York City Denver Retail 270

CFPB Monitor

MAY 22, 2020

The OCC has issued a final rule revising its regulation implementing the Community Reinvestment Act (CRA). The final rule applies to national banks and federal savings associations. Banks subject to the small and intermediate bank performance standards must comply with the new CRA framework by January 1, 2024.

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FDIC Lending Retail Compliance 78

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

South State Correspondent

OCTOBER 25, 2023

We predict that banks will realize this at the end of 2024 and become more proactive in moving their customers off checks and onto ACH and instant payments. National and many community banks want to integrate into the accounting and enterprise resource planning (ERP) software (example below).

Fraud 195

Fraud ATM Payments Management 195

CFPB Monitor

JUNE 15, 2020

On May 20, 2020, the OCC issued a final rule to “strengthen and modernize” its existing Community Reinvestment Act (“CRA”) regulations. of Community Development Fund Advisors. ET, Ballard Spahr will hold a webinar, “The OCC Issues Final CRA Rule – What Changed and What’s Next?” Thomas, Ph.D.,

Community 60

Community FDIC Lending Examples 60

Jeff For Banks

NOVEMBER 3, 2023

And looking ahead to the 2024 Presidential Election, they clearly would want to be on the sidelines. Mortgage rates are now close to 8.00%; affordability is at its lowest point since 1989, according to the National Association of Realtors. Dorothy has been with Penn Community Bank and its predecessor since November, 2004.

Marketing 83

Marketing Community Bank Policies Community 83

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. Invest Sou Sou (now Wellthi): Savings platform rebranded as Wellthi, focusing on community-based savings. SAVVI AI : Raised $5.6M

San Francisco 15

San Francisco New York San Jose Tools 15

Jeff For Banks

MARCH 5, 2022

Investors have seen this movie before and are fearful of recession in 2023 or 2024. The federal stimulus also drove our national debt levels to over $30 trillion, or 123.4% Dorothy has been with Penn Community Bank and its predecessor since November, 2004. Credit spreads have begun to widen. Nominal GDP was +10.6%

Marketing 78

Marketing Policies Community Bank Community 78

PYMNTS

JUNE 23, 2017

According to a United Nations study released last year, cities are home to more than half the world’s population. In anticipation of a new glut of residents, some urban communities are encouraging alternatives to vehicle ownership, such as car-sharing services. Could unattended retail be the solution? more people mean more problems.

Mobile 102

Mobile Indianapolis San Diego Los Angeles 102

Gonzobanker

JULY 25, 2024

Commenting on the Q1 2024 profit declines for many community and regional (i.e., The core of the squeeze comes from: 1) The redefinition of community It’s hard for bankers to see and accept the long-term decline of geography as “community.” ” National providers—banks, fintechs (e.g., The savior?

Community Bank 135

Community Bank Community Lending Maine 135

Gonzobanker

MARCH 21, 2024

The problem is even worse in 2024. According to Randi Zeller, senior advisor to Community Reinvestment Fund, USA: “There is no lack of capital. are ‘underserved.’” Small Businesses’ Credit Challenges The challenge isn’t simply access to credit—it’s access to affordable credit. What we need is access to affordable capital.” To the U.S.

Lending 78

Lending How To Capital Data 78

CFPB Monitor

JANUARY 28, 2021

The fate of the OCC’s Community Reinvestment Act (“CRA”) final rule , issued on May 20, 2020, hangs in the balance following the inauguration of President Biden on January 20 and the resignation of former Acting Comptroller Brian Brooks, who was a major proponent of the rule, on January 14.

Community 131

Community FDIC Lending Survey 131

PYMNTS

MARCH 11, 2020

service, expected by 2024 as a national fast payments platform available to the public. Federal Reserve is hardly alone in envisioning a national fast payments/rapid settlements system. Sensing that existing fast payments are not accessible enough, the Fed proposed the FedNow? Public vs. Private RTP. RTP and Ubiquity.

Payments 186

Payments National Marketing Community 186

South State Correspondent

JULY 29, 2024

Regardless of who wins, our national debt will continue to increase, and community banks should be prepared for its consequences. Source: Congressional Budget Office March 20, 2024 Bankers are typically staunch fiscal conservatives and rational financial actors. The graph below shows these projections. projected by CBO.

Community Bank 195

Community Bank Community US Taxes 195

Abrigo

JANUARY 31, 2023

The rule is effective January 1, 2024, and reporting companies will have one year from that date to file their beneficial ownership information. This is to be issued no later than one year after the effective date of the BOI Reporting Rule (January 1, 2024). billion to fraud in 2021, a 70% increase over the prior year. So far, that is.

Fraud 195

Fraud Training Regulation Trends 195