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In recent months, the momentum around reducing the regulatory burden on the nation’scommunitybanks has continued to gain steam. There are more than 6,000 banks and thrifts under $10 billion in assets and they are often less equipped to deal with complexities brought by additional regulations.
Radius Bank in Boston has recruited a team to lead a national push into Small Business Administration lending. Among the new hires is Diane Gallion, a former executive at The Bancorp in Delaware, who will be national director of government-guaranteed lending at Radius.
According to a 2012 Boston College Center for Retirement Research study , 63% of American males (why only males I do not know) participated exclusively in defined contribution (DC) retirement plans in 2007, up from 47% in 1992. I think, as a nation, we will need lots of help managing our money. Probably not.
Last week, the CFPB announced the appointment of new members to its advisory committees: Consumer Advisory Board (CAB), CommunityBank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC). Nadine Cohen, Managing Attorney, Greater Boston Legal Services (Boston, MA).
Loan growth at several Bostonbanks, including many former mutuals, is higher than the national average. Still, bankers are closely watching for any indication that a bubble is forming.
The CFPB announced the appointment of new members to its Consumer Advisory Board, CommunityBank Advisory Council, and Credit Union Advisory Council. New members to the Consumer Advisory Board will serve three-year terms and new members to the CommunityBank and Credit Union Advisory Councils will serve two-year terms.
The CFPB has announced the appointment of new members to its Consumer Advisory Board, CommunityBank Advisory Council, Credit Union Advisory Council, and Academic Research Council. Chi Chi Wu, Staff Attorney, National Consumer Law Center, Boston, MA. CommunityBank Advisory Council Members.
Eastern Bank in Boston could raise as much as $1.7 billion to spend on acquisitions and technology investments that it says will be necessary to respond to customers' increasing preference for digital tools.
State Street in Boston is on the hunt for a new chief financial officer. Michael Bell, 52, has decided to step down within the next year the custody bank said on Thursday.
In this feature, we’ll look at a number of ways you can continue to build trust—an especially crucial task as the pandemic continues, telecommuting persists and consumer banking practices evolve. But for most communitybanks, building a trustworthy brand isn’t a conscious effort. billion-asset communitybank.
But Boston Consulting Group (BCG) says generative AI serves a fundamentally different purpose than predictive AI, which is the powerful tool with which many financial institutions are already familiar. That compares to 39% of global or nationalbanks with more than $10 billion in assets.
Bank Merger of the Year. Some interesting finalists would be: M&T and People’s United Old National and First Midwest Webster and Sterling Columbia Bank and Umpqua. Huntington and TCF merge to create the $170 billion Midwest dynamo and vault them into one of the top 10 banks in the country. The Bank That Gets Fintech.
A Primer on Money, Banking, and Gold 2008 Cordelia Frances Biddle Biddle, Cordelia Frances Biddle, Jackson, and a Nation in Turmoil: The Infamous Bank War 2021 Alan S. al The Deutsche Bank, 1870-1995 1995 Shennette Garrett-Scott Garrett-Scott, Shennette Banking on Freedom: Black Women in U.S. al Gall, Lothar et.
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