South State Correspondent

JANUARY 16, 2024

Bloomberg recently announced that it will shut down its BSBY index on November 15, 2024. Unfortunately, some banks adopted BSBY as one of their preferred indexes and in doing so created risk in derivatives and operations. Historically, community banks have hesitated to adopt derivatives for several reasons. No ISDA documents.

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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. cuts through the end of the year.

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How To Community Community Bank Marketing 195

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

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’ main goals are to diligently support their local communities and make an acceptable return on capital in these challenging times.

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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’ main goals are to diligently support their local communities and make an acceptable return on capital in these challenging times.

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Community Bank FDIC Community National 195

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 Fed may be nearing the end of its hiking cycle, but given the high threshold for interest rate cuts, there may be no changes in the Fed Funds rate until well after 2024.

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Community Bank Community Strategy Atlanta 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.

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Maryland Kentucky Groups Community 81

Abrigo

NOVEMBER 13, 2024

In conversations with community banks and credit unions across the country, we’re hearing about a significant increase in line utilization, raising questions about both liquidity and credit risk. Companies are borrowing more to cover operational costs but continue to pay suppliers on time, with payables remaining under 30 days.

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Lending Meeting Data Risk Management 195

South State Correspondent

AUGUST 14, 2024

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. times net operating income (NOI) (or close to 12.5

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Tools Marketing Community Bank Community 195

Perficient

DECEMBER 27, 2023

Navigating AML and OFAC Compliance Risks Regarding anti-money laundering (AML) and Office of Foreign Assets Control (OFAC) compliance risks, bank executives must navigate operational and compliance challenges tied to fintech relationships. Manage third-party risks, especially for relationships involving higher-risk or critical activities.

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Compliance FDIC Regulation Fraud 221

Abrigo

APRIL 22, 2024

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. At the same time, 59% pursued credit to meet operating expenses. Dynamic market Small business lending by banks & credit unions Small businesses are a pillar of the U.S.

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Lending St. Louis Community Marketing 243

Abrigo

FEBRUARY 6, 2024

Takeaway 2 Community banks may face challenges seeking reimbursement for breach of warranty claims filed with other FIs. Yet despite warnings about the high prevalence and high costs of check fraud, many banks and credit unions operate without systematic fraud prevention programs or lack the technology to combat check fraud.

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Fraud Training Trends Regional 221

Abrigo

MAY 22, 2024

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. At the same time, 59% pursued credit to meet operating expenses. Dynamic market Small business lending by banks & credit unions Small businesses are a pillar of the U.S.

Lending 195

Lending St. Louis Community Marketing 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. The Risks of Processing ERC There are three material risks associated with this operation – headline, reputational, and operational.

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Taxes Community Bank Community Operations 195

PYMNTS

AUGUST 9, 2020

Most of the letters from individuals, 2,246, argued the Federal Reserve should not operate in competition with the private sector and viewed the decision to implement FedNow as an expansion that is inconsistent with its historical purpose. The Fed insists it will move ahead with the project with a target launch date for 2023 or 2024.

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System Payments Operations Fraud 181

PYMNTS

OCTOBER 12, 2020

In an interview with Karen Webster, Boston Federal Reserve Chief Operating Officer and FedNow Program Executive Ken Montgomery said the central bank’s ambitious payments initiative remains on track — and will inject competition into the instant payments market. The Timeframe . How does one then turn that into cash?

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Payments Boston System Operations 244

South State Correspondent

SEPTEMBER 20, 2023

The value driver in cash management is that it is usually some sort of operating account at the bank. As such, operating accounts have low-interest rate sensitivity. We have also included the IBIS World 2024 risk ratings to provide some context for the credit and operating risk of the counterparty.

Management 195

Management Survey Industry Community Bank 195

Jeff For Banks

APRIL 4, 2024

Shadow Banking refers to banking-like operations that take place outside of the mainstream banking industry. Although shadow banking mostly serves larger corporations, think money market funds buying commercial paper, bankers fear the trend will continue going downstream to more traditional community bank customers.

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Banking Trends Trends Millennials Oregon 110

Abrigo

MARCH 14, 2024

Strengthening customer relationships with tangible value and personal touch Customer retention in banking can be challenging for community financial institutions. Perhaps they might aim to reduce inventory to 80 days by the end of the first quarter of 2024. Reduce operating cost while ensuring loan policy consistency.

Lending 195

Lending Strategy Community Software 195

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

PYMNTS

OCTOBER 6, 2020

According to an August study of digital banking by PYMNTS, banks are closing physical branches, reducing hours of operation and encouraging customers to use their websites or mobile apps to conduct transactions and reduce face-to-face interactions between customers and staff. On Monday (Oct. 5) NCR Corp.

Digital Banking 256

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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.

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Fintech Community Regional Technology 190

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.”

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Marketing Regional National Nashville 195

Abrigo

DECEMBER 28, 2023

Papers, infographics on risk management Resources related to banking headlines were popular For banking risk and accounting staff, managing challenges tied to interest rates, liquidity, and credit portfolios will remain top-of-mind in 2024.

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Resources Risk Management eBook Strategy 221

Abrigo

APRIL 25, 2024

The Fed’s latest Small Business Credit Survey , conducted in 2023 and released in 2024, found that nearly 60% of employer firms had sought financing in the previous 12 months. At the same time, 59% pursued credit to meet operating expenses. A majority of applicants sought less than $100,000.

Lending 221

Lending Trends Capital Strategy 221

PYMNTS

AUGUST 5, 2019

Of the 350 comments received on the subject of a faster payments service representing input from over 800 organizations, Brainard said, “Ninety percent called for the Federal Reserve to operate a real-time payments service.”.

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System Payments Kansas Online 212

PYMNTS

FEBRUARY 4, 2020

as well as leading regional, community and selected global banks organized to support FinTechs,” Mouilleron said. “We The New York team will handle operations in London and Dubai. “As we already serve American clients, we see huge opportunities to digitally transform corporates headquartered in the U.S.

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New York Regional Digital Banking Fintech 132

Abrigo

JANUARY 22, 2024

billion in losses globally last year, according to Nasdaq’s  2024 Global Financial Crime Report. For Historically, the operational functions of fraud and AML/CFT have remained wholly or partially siloed. An informed and vigilant community is a powerful deterrent against fraud. Fraud scams and bank fraud schemes resulted in $485.6

Fraud 221

Fraud Risk Management Training Software 221

Abrigo

JULY 20, 2024

Drive growth The big C&I lending wave is coming If opportunities to drive bank or credit union performance are like the waves surfers seek constantly, C&I lending will be the next “bomb,” according to Joel Pruis , Senior Director and Lending & Operations Practice Lead at Cornerstone Advisors. Prepare for the next credit cycle.

Lending 195

Lending Risk Management Management Capital 195

Independent Banker

FEBRUARY 28, 2022

What this has to do with community bank investment management may not be readily apparent. Belly of the curve matters to community banks. More often, the two operate independently. First, the average duration of a community bank bond portfolio is more than four years right now. In fact, the tone is about to improve.

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Community Bank Community Memphis Security 91

Abrigo

SEPTEMBER 25, 2024

As interest rates fall, the loans will offer more affordable monthly payments, allowing small businesses to reinvest savings into their operations. Banks have issued 59,833 approved 7(a) loans so far in fiscal 2024, up 53% from 2020. Credit unions have handled 1,634 approved 7(a) loans this year, up nearly 40% from 2020.

Lending 221

Lending St. Louis Fraud Software 221

PYMNTS

SEPTEMBER 29, 2017

in the form of smart poles that improve urban communities’ access to wireless networks and LED lighting. trillion | Estimated revenue in USD that mobile network operators stand to gain by 2026, achieved through early deployment of commercial low-power wide-area (LPWA) networks. Here are the numbers: 1.8 percent increase over 2016.

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Innovation Data Exercises Study 111

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.

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Payments Fraud Community Boston 130

PYMNTS

AUGUST 6, 2019

“The Fed’s interest in faster payments was never simply as an interested, but passive, bystander … The Fed sees an opportunity to introduce competition in the faster payments space as a second operator of faster payments rails, like it is today with ACH,” she noted. Why Now For FedNow. What Comes Next .

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System Payments Operations United States 214

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. By Beth Mattson-Teig.

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Community Bank Community Tampa North Carolina 91

PYMNTS

AUGUST 7, 2020

The COVID-19 pandemic is taking a tremendous toll on communities across America,” Brainard said. The most recent details on FedNow come roughly a year after the central bank announced its plans to build and operate real-time rails. In a Thursday (Aug. 6) symposium highlighting the Fed’s approval of the FedNow system, Fed Gov.

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America Kansas City Payments Kansas 189

PYMNTS

JANUARY 28, 2021

And in another bit of anecdotal evidence that payments processing is in the crosshairs of financial institutions (FIs) large and small, earlier this year , Texas-based Vantage Bank Texas said it deployed CGI All Payments as part of the community bank’s digital transformation. He noted that for J.P.

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Payments Texas Management Technology 151