South State Correspondent

APRIL 30, 2024

Loan-level hedging has become an important tool that many community banks have started to adopt in 2024. Second, the hedge provider must be an FDIC insured institution and structure its hedges as a qualified financial contract (QFC). 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

Loan-level hedging has become an important tool that many community banks have started to adopt in 2024. Second, the hedge provider must be an FDIC insured institution and structure its hedges as a qualified financial contract (QFC). Community banks do this profitably by turning transactional accounts into relationships.

Community Bank 195

Community Bank FDIC Community National 195

American Banker

DECEMBER 25, 2024

That's one of several top regulatory news items in 2024. Banks such as TD, Wells Fargo and Bank of America drew attention this year for money-laundering issues.

America 74

America Analysis FDIC Capital 74

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

Gonzobanker

FEBRUARY 1, 2024

The FDIC Approved This Ad How many times did we hear a speaker admonish the audience to “be sure and sign up for the FDIC notification list.” M&A Dynamics Last year, we left AOBA noting that most bankers were optimistic about deals picking up later in 2023 and that the chances of a raging 2024 were strong. Five Hundred? (Oh

Conference 88

Conference FDIC Arizona Industry 88

ABA Community Banking

MAY 29, 2024

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 billion in Q1 2024 appeared first on ABA Banking Journal.

FDIC 52

FDIC Industry Report Community Bank 52

American Banker

MARCH 20, 2024

How the FDIC, the Federal Reserve and other regulators are working to keep banks in compliance through 2024.

FDIC 83

FDIC Compliance Regulation Risk Management 83

ABA Community Banking

DECEMBER 12, 2024

billion in the third quarter of 2024, a decrease of $6.2 billion, or 8.6%, from the prior quarter, according to the FDIC. billion in Q3 2024 appeared first on ABA Banking Journal. The banking industry reported net income of $65.4 The post Quarterly Banking Profile: Banking net income $65.4

FDIC 52

FDIC Industry Report Community Bank 52

CFPB Monitor

FEBRUARY 21, 2024

On February 14, 2024, the Minnesota Bankers Association and Lake Central Bank (the “Plaintiffs”) filed their memorandum in opposition to the Federal Deposit Insurance Corporation’s (FDIC) motion to dismiss their challenge to the FDIC’s supervisory guidance on NSF fees. Continue Reading

FDIC 78

FDIC Minnesota 78

Jeff For Banks

DECEMBER 10, 2024

The FDIC designated SVB as systemically important. 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%. billion in total assets and seven branches at September 30, 2024. As of or for the latest twelve months ended September 30, 2024, the Company had $4.1

Las Vegas 69

Las Vegas Lending Community Bank North Carolina 69

South State Correspondent

SEPTEMBER 12, 2022

We examine all FDIC-insured commercial banks and S&L associations over the last three decades and plot COF versus short-term rates. Quantitative Tightening: In this cycle, the Fed announced quantitative tightening at $95Bn/mo, and this pace is expected to remove almost all banks’ excess deposits in 2024.

Community Bank 195

Community Bank Community Industry Online 195

CFPB Monitor

MAY 22, 2020

Although the OCC’s proposed revisions were issued jointly with the FDIC, the FDIC did not join in the final rule. Banks subject to the small and intermediate bank performance standards must comply with the new CRA framework by January 1, 2024. The final rule applies to national banks and federal savings associations.

FDIC 78

FDIC Lending Retail Compliance 78

South State Correspondent

MAY 7, 2024

On April 26, 2024, Republic First Bank (DBA Republic Bank) was seized by state regulators and the long running bank drama came to an end. With the assistance of the FDIC, Fulton Financial acquired certain assets, debt and deposits of Republic Bank. This first bank failure in 2024 is reported to cost the Deposit Insurance Fund $667mm.

Risk Management 195

Risk Management Security Management Groups 195

CFPB Monitor

OCTOBER 26, 2023

Although the final rule is effective April 1, 2024, the compliance date for the majority of the rule’s provisions is January 1, 2026. . Continue Reading

Community 78

Community FDIC Compliance Regulation 78

ABA Community Banking

JULY 12, 2024

Federal banking regulators released the 2024 list of distressed or underserved nonmetropolitan middle-income geographies eligible to receive CRA consideration. The post Regulators release 2024 list of distressed, underserved communities appeared first on ABA Banking Journal.

Community 52

Community Regulation FDIC Community Bank 52

Abrigo

OCTOBER 30, 2024

In addition, he noted, a recent consent order from the FDIC required an institution with assets below $1 billion to ‘establish satisfactory quality control procedures over the alert clearing and investigation process. Abrigo Advisors expect this emphasis on quality control will be a theme during exams —even at smaller institutions.

Compliance 221

Compliance Training System Management 221

Independent Banker

DECEMBER 31, 2022

The FDIC approved a final rule to increase initial base deposit insurance assessment rates by 2 basis points until the Deposit Insurance Fund (DIF) achieves the FDIC’s long-term goal of a reserve ratio of 2% of insured deposits. The FDIC’s long-term goal for the reserve ratio of insured deposits. Source: FDIC.

Compliance 100

Compliance FDIC Community Bank Community 100

South State Correspondent

NOVEMBER 14, 2024

Uninsured depositors, those with balances over the $250,000 FDIC threshold limit, are more likely to utilize instant payments and more likely to drain balances. days back in 2014, in 2024, it is now closer to one day due to the increase in usage around same day ACH and instant payments.

Payments 195

Payments Study Survey Data 195

PYMNTS

NOVEMBER 14, 2019

digital and physical goods that’s expected by 2024. According to an FDIC study , 6.5 It’s easy to get caught up in the hype of new sharing economy platforms. “ The Uber of furniture ,” P2P closet-sharing and crowdshipping all certainly sound innovative. There’s a lot of competition to capture the $6 trillion in online payments for U.S.

Payments 124

Payments United States Online Google 124

Abrigo

FEBRUARY 8, 2024

Check fraud alone, the most significant current fraud threat, is projected to create losses of $24 billion in 2024. The Federal Trade Commission (FTC) reports that U.S. consumers lost more than $7 billion during the first three quarters of 2023, up 5% compared to the same period in 2022.

Fraud 195

Fraud Resources social media Software 195

South State Correspondent

AUGUST 14, 2024

At the start of 2024, the amount of excess balances rose to 21% as the average ECR rose to 79 basis points (below). The customer is just looking to manage their liquidity and does not want to be concerned with reserve levels or FDIC charges. We dislike both tactics when it comes to building customer lifetime value.

How To 195

How To Analysis Management Training 195

Jeff For Banks

JANUARY 14, 2025

Bank earnings remained below par for 2024 due to continued net interest margin pressures. FDIC-insured financial institutions hemorrhaged $1 trillion in deposits while money market mutual fund assets grew by the same amount. In the rate runup from 2Q22 to 3Q23, securities portfolios declined 7.8%.

Capital 90

Capital Security FDIC US 90

PopularBank

DECEMBER 11, 2023

Effective January 1, 2024, Carlos Hernandez will be Division Manager for PAB. Services offered include Community Association Loans, Community Association Deposit Services, Community Association Lockbox Services, Treasury Management services, plus excess FDIC insurance coverage on deposits as members of IntraFi Network, LLC.

Management 52

Management Florida Community Leadership 52

CFPB Monitor

JUNE 15, 2020

The OCC acted alone in issuing the final CRA rule without waiting to achieve consensus with the FDIC, the agency with which the OCC had jointly issued the proposed rule. Our next blog post will address differences among the OCC’s final rule, the FDIC’s proposed rule, and the Federal Reserve’s existing regulations.

Community 60

Community FDIC Lending Examples 60

Fintech Labs Insights

JULY 24, 2024

million Sources: FintechLabs.com, Similarweb, SEMrush, 24 July 2024 Note: Copper removed from list after shuttering bank services in May 2024 Greenlight Founded 10 years ago in Atlanta, the challenger now gets more than 1 million monthly visits and has achieved relatively high brand awareness. 7 Till 2018 Nantucket, MA 20,000 $6.0

CA 15

CA Atlanta Phoenix Philadelphia 15

American Banker

DECEMBER 28, 2023

Though new bank formation slowed somewhat in 2023, with only five de novos opening, the stage appears set for a more active year in 2024 with a number of groups working toward a charter.

Groups 36

Groups FDIC Community Bank Industry 36

CFPB Monitor

JUNE 25, 2020

Small and intermediate banks must comply with the rule by January 1, 2024. Until the FDIC and Board of Governors of the Federal Reserve System take action, state nonmember banks and state member banks will continue to comply with the current rule, as codified in 12 CFR Part 228 and Part 345.

Community 97

Community Lending Meeting Retail 97

Fintech Labs Insights

NOVEMBER 10, 2023

Related: The 25 Biggest Banking, Mortgage, Lending & BankTech Events in 2023 & 2024 The 10 Biggest Investment Advisor Technology & Investech Conferences in 2023 & 2024 The 14 Biggest Payments & Card Industry Conferences & Events in 2023 & 2024 Related Stories Reacting Quickly to SVB Fallout, Mercury Launches Vault, (..)

Digital Banking 15

Digital Banking Online Atlanta Las Vegas 15

American Banker

AUGUST 20, 2024

The new president will shape the direction of banking policy, but because financial regulators are more insulated from politics than many other areas, that transition will be gradual.

Regulation 53

Regulation Policies FDIC 53

Fintech Labs Insights

OCTOBER 28, 2024

Digital Banks: The New Wave Pros : Enhanced Digital Experience * More digital tools for conversing with customer service * Intuitive mobile and web interfaces * Real-time notifications and spending insights Quick Setup * Fast online application process * Digital identity verification * No need to visit physical branches * Rapid account approval (sometimes (..)

Conference 12

Conference Tools FDIC Digital Banking 12

American Banker

AUGUST 23, 2024

Committee Chair Sherrod Brown is facing a tough election.

DC 36

DC Washington FDIC Policies 36

American Banker

JUNE 17, 2024

Christy Goldsmith Romero — the White House's pick to succeed Martin Gruenberg as chair of the Federal Deposit Insurance Corp. — has generated little pushback from Senate Republicans, though her lack of bank supervisory experience and her record on cryptocurrency are the most likely lines of attack during her confirmation process.

FDIC 77

FDIC cryptocurrency Policies Compliance 77

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. 2024 saw Tik Tok influencers sharing how their followers could get unlimited cash from several institutions ATMs due to a glitch.

Fraud 88

Fraud Fintech Marketing Industry 88

CFPB Monitor

JANUARY 28, 2021

Specifically, large banks and wholesale and limited purpose banks must comply by January 1, 2023, and small and intermediate banks that choose to opt-in to the performance standards contained in the OCC’s final rule have until January 1, 2024 to comply.

Community 131

Community FDIC Lending Survey 131

American Banker

JULY 11, 2024

President Joe Biden's nominee to lead the Federal Deposit Insurance Corp. signaled openness to withdrawing and resubmitting the Basel III rule.

FDIC 41

FDIC 41

CFPB Monitor

FEBRUARY 12, 2024

On February 2, 2024, three Republican members of the House Financial Services Committee sent a letter to Federal Deposit Insurance Corporation (“FDIC”) Chair Martin Gruenberg expressing concern regarding what the congressmen perceive to be the FDIC’s attempts to reduce engagement with industry participants on financial technology and innovation.

Innovation 78

Innovation FDIC Regulation Financial Technology 78