CA, Community and National - Community Banking Brief

OCC Releases CRA Evaluations for 16 National Banks and Federal Savings Associations

Perficient

JULY 7, 2021

The Office of the Comptroller of the Currency (OCC) has released 16 Community Reinvestment Act (CRA) performance evaluations. Capital One, National Association. Guaranty Bank & Trust, National Association. Modern Bank, National Association. First National Bank of Pulaski. Citizens National Bank of Texas.

National

National Texas Tennessee CA

The top-performing community banks of 2021

Independent Banker

APRIL 30, 2022

Independent Banker’s annual listing top-performing community banks of 2021 alongside interviews with some of the winners. In true community bank fashion, each has its own story to tell and its own path to success. In true community bank fashion, each has its own story to tell and its own path to success. Philadelphia.

Community Bank

Community Bank Community Montana Taxes

Risk of Derivatives – The Fall of an Index

South State Correspondent

JANUARY 16, 2024

Barings Bank, Orange County (CA), Enron, Long-Term Capital Management, and other entities misused derivatives or didn’t understand the difference between hedging and speculating. We published various articles comparing community bank alternatives to LIBOR (such as SOFR, Ameribor, Fed Funds, and Prime). No ISDA documents.

Community Bank

Community Bank Community Compliance CA

Webinars

Back to Basics with Reconciliations

MORE WEBINARS

Who were ICBA’s Top Lenders of 2022?

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. American Bank, National Association.

Community Bank

Community Bank Community National Philadelphia

CFPB announces advisory committee members

CFPB Monitor

SEPTEMBER 21, 2020

Last week, the CFPB announced the appointment of new members to its advisory committees: Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC). Leigh Phillips, President and CEO, EARN DBA SaverLife (San Francisco, CA). Bank (Minneapolis, MN).

DC

DC Mississippi Washington Oklahoma City

Lawmakers Urge CFPB To Ease Up On Small Banks

PYMNTS

MARCH 16, 2016

Adam Schiff (D-CA) and Steve Stivers (R-OH) and included the signatures of 329 lawmakers. “Credit unions and community banks do not pose any systemic risk, yet the CFPB continues to issue rules that disproportionately hurt those community financial institutions,” Stivers said in a statement.

Community Bank

Community Bank Community CA Regulation

CFPB announces new appointments to advisory groups

CFPB Monitor

AUGUST 22, 2016

The CFPB has announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. Paulina Gonzalez, Executive Director, California Reinvestment Coalition, San Francisco, CA. Community Bank Advisory Council Members.

San Antonio

San Antonio Kansas City Groups CA

Cathay Commits to Community Reinvestment Plan with CRC

American Banker

NOVEMBER 1, 2016

Cathay General Bancorp in Los Angeles has agreed to a community reinvestment plan tied to its deal to buy SinoPac Bancorp from Bank SinoPac in Taiwan.

Los Angeles

Los Angeles Community CA Community Bank

Farmers & Merchants to Buy Delta National in California

American Banker

JUNE 9, 2016

has agreed to buy Delta National Bancorp in Manteca, Calif. Farmers & Merchants Bancorp in Lodi, Calif.,

National

National California CA Community Bank

It Takes a Village

Filene

MARCH 6, 2018

SAN FRANCISCO, CA (February 22, 2018) — Today announced new research and education programs as part of the company’s ongoing efforts to strengthen the talent pipeline in the credit union industry. ” Advancing recruitment research through the War for Talent Center of Excellence.

San Francisco

San Francisco Austin Resources Study

Farmers Insurance Review: Extensive Offerings With Focus on Auto Perks

MyBankTracker

APRIL 15, 2021

Farmers Insurance is a national insurance carrier that offers both personal and business lines of insurance coverage. Alternative fuel CA only. Shared family car Not available in CA. Miscellaneous, state-specific discounts Gated community, fortified home, retirement community, earthquake, etc. Discount Notes.

Policies

Policies CA Taxes System

The 35 Biggest Banking, Mortgage & BankTech Events in 2023

Fintech Labs Insights

JULY 11, 2023

Our other calendars: Fintech conferences, events and trade shows Insurtech conferences, events and trade shows Payments & Card Industry conferences, events and trade shows Investment Advisor Technology conferences, events and trade shows Banking & Bank Technology Conference Calendar Event Name Location Start End Vencent Fintech Summit Little (..)

Las Vegas

Las Vegas San Diego Conference Austin

Opus in Calif. Hires Former City National Exec for Senior Credit Post

American Banker

DECEMBER 2, 2016

Opus Bank in Irvine, Calif., continues to bolster its credit ranks following a surprising third-quarter loss.

National

National CA Community Bank Community

11 New Restaurant Concepts Reimagining Fast Food & Casual Dining

CB Insights

JULY 17, 2018

In 2017, the National Restaurant Association reported annual sales of $799B — close to 48% of the total amount that Americans spent on food. Community initiatives: Loom (Massachusetts). Tesla put in an official application with the city of Santa Monica, CA to build the project, which is currently in the presubmittal phase.

San Francisco

San Francisco California United States CA

CA federal district court denies OCC’s motion to dismiss lawsuit challenging final CRA rule

CFPB Monitor

FEBRUARY 4, 2021

A California federal district court has denied the OCC’s motion to dismiss the lawsuit filed in June 2020 by the National Community Reinvestment Coalition and California Reinvestment Coalition that asks the court to declare the OCC’s CRA final rule (Rule) unlawful under the Administrative Procedure Act (APA) and set it aside.

CA

CA Community California FDIC

Deposit Growth Outlook Dims for Small Banks

American Banker

OCTOBER 11, 2016

Large banks are outpacing community banks in deposit gathering because new liquidity rules make deposits more valuable to the biggest banks, mobile banking has been a deposit magnet for the heavyweights, and regional and midsize players hold certain advantages over smaller rivals, too.

Community Bank

Community Bank Regional Community Mobile

Host of Factors Dim Deposit-Growth Outlook at Small Banks

American Banker

OCTOBER 11, 2016

Large banks are outpacing community banks in deposit gathering because new liquidity rules make deposits more valuable to the biggest banks, mobile banking has been a deposit magnet for the heavyweights, and regional and midsize players hold certain advantages over smaller rivals, too.

Community Bank

Community Bank Regional Community Mobile

California Measure: A Glimmer of Hope for Legal Pot Banking

American Banker

DECEMBER 20, 2016

Following the passage of the November ballot initiative, it is hugely important that cannabis businesses in the nation's largest state be able to secure bank accounts, at a minimum.

California

California National Security CA

Neighborhood Bank in Calif. Set to Raise $6 Million

American Banker

AUGUST 15, 2016

The $58 million-asset company said in a press release Monday that Stephen Taylor, chairman and chief executive of Taylor Asset Management in Chicago, is leading a $6 million investment in its Neighborhood National Bank, effectively doubling its capital.

Chicago

Chicago Capital National Management

From AT&T To Xerox: 65 Corporate Innovation Labs

CB Insights

JULY 19, 2017

National Medal of Science, Turing Awards, Kyoto Prizes, and many others. Velocity Lab” in Cambridge, MA and “Innovation Lab” in San Mateo, CA both handle mobile apps, digital platforms, and in-store technologies. It boasts awards including Nobel Prizes, U.S. Innovation Lab Name: Vodafone Innovation Park Labs. The Home Depot.

Innovation

Innovation San Francisco Technology Georgia

First Foundation to Buy Two PacWest Branches

American Banker

OCTOBER 4, 2016

First Foundation in Irvine, Calif., has agreed to buy a pair of branches from Pacific Western Bank in Beverly Hills, Calif.

Branch Strategies

Branch Strategies CA Community Bank Regional

Beware the 'Cargo Cult' of Performance Targets

American Banker

JANUARY 2, 2017

The phony-account scandal at Wells Fargo illustrates how sales quotas can incent bad behavior. Is your bank effectively mitigating the risk of 'managing to metrics'? Or could it be in danger of becoming a 'cargo cult'?

Management

Management Branch Strategies CA Community Bank

A Lending Boom at Banc of California

American Banker

JULY 21, 2016

Banc of California's second-quarter profits soared on stronger lending and credit quality. billion-asset company increased net income 66% from a year earlier to $26.5 million, it said in a news release Thursday.

California

California Lending Company CA

CVB Financial Hires Ex-BBVA Exec as Credit Chief

American Banker

JULY 8, 2016

billion-asset holding company for Citizens Business Bank said David Farnsworth will start as credit chief of both entities on July 18. He will succeed James Dowd, who retired on July 1.

Company

Company CA Community Bank Regional

Why Many Banks Are Hanging On to FDIC Loss-Share Pacts

American Banker

AUGUST 31, 2016

Plenty of banks have ended their federal loss-share deals early, but despite the incentives to wind them down, plenty more still have these crisis-era arrangements in place. It may be due to varying deadlines, mistakes calculating loan values or worries that they still might need the coverage for home equity lines.

FDIC

FDIC CA Community Bank Regional

C&I Is Safer than Construction Loans, Right? Maybe Not

American Banker

AUGUST 23, 2016

The latest lending figures show just how prodigious banks' shift from construction to C&I loans has been since the crisis. Yet a hard look at C&I credits, especially their loss rates, raises questions about whether they are safer.

Lending

Lending CA Community Bank Regional

Cathay's Longtime CEO to Hand Reins to President But Remain Chairman

American Banker

AUGUST 19, 2016

The longtime chairman and chief executive of Cathay General Bancorp will relinquish his CEO title this fall and the company's bank president is set to succeed him.

Company

Company CA Community Bank Regional

Are Some Bank Directors Spread Too Thin?

American Banker

MAY 4, 2016

Serving on a bank board is a tough gig, and the fact that a number of bank directors sit on the boards of four or more public companies is raising questions about whether they are too busy to be good watchdogs.

Company

Company CA Community Bank Regional

C&I's Problems Go Well Beyond Energy Loans

American Banker

MAY 23, 2016

Nonperforming commercial-and-industrial loans are soaring, and loans to farmers and construction firms — not just oil and gas companies — are a big reason.

Industry

Industry Company CA Community Bank

Senators Call On Financial Services Trade Groups To Condemn Bannon

PYMNTS

NOVEMBER 17, 2016

Sherrod Brown (D-OH), Ranking Member of the Committee on Banking, Housing and Urban Affairs; Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services; Sen. Elizabeth Warren (D-MA); and Congressman Keith Ellison (D-MN). “As What message will it send to your customers and employees if you remain silent?”.

Groups

Groups CA Community America

Treasury Candidate Mnuchin Drew Praise, Scorn After IndyMac Deal

American Banker

NOVEMBER 11, 2016

A Goldman Sachs alum, he is known as a successful change agent for his roles in the transformation of the failed IndyMac into OneWest and the revamping of CIT, but some community reinvestment advocates remain critical of him. Steven Mnuchin is widely viewed as a top pick for Treasury secretary in the Trump administration.

Community

Community CA FDIC Regional

Treasury Pick Mnuchin Drew Praise, Scorn After IndyMac Deal

American Banker

NOVEMBER 14, 2016

A Goldman Sachs alum, he is known as a successful change agent for his roles in the transformation of the failed IndyMac into OneWest and the revamping of CIT, but some community reinvestment advocates remain critical of him. The Trump transition team is said to have recommended that Steven Mnuchin be nominated Treasury secretary.

Community

Community CA FDIC Regional

OCC CRA Final Rule – Opposition from Consumer Advocacy Groups and Congress

CFPB Monitor

JULY 9, 2020

Over the past six weeks, opposition to the OCC’s Community Reinvestment Act (“CRA”) final rule has hardened on two fronts. The plaintiffs also argue that the new rule would dilute bank investment in low- and moderate-income communities in ways that are “contrary to the letter and spirit” of the CRA. Maxine Waters (D-CA) and Rep.

Groups

Groups Community FDIC California

Community Banking Brief

OCC Releases CRA Evaluations for 16 National Banks and Federal Savings Associations

The top-performing community banks of 2021

Webinars

Trending Sources

Risk of Derivatives – The Fall of an Index

Webinars

Who were ICBA’s Top Lenders of 2022?

CFPB announces advisory committee members

Lawmakers Urge CFPB To Ease Up On Small Banks

CFPB announces new appointments to advisory groups

Cathay Commits to Community Reinvestment Plan with CRC

Farmers & Merchants to Buy Delta National in California

It Takes a Village

Farmers Insurance Review: Extensive Offerings With Focus on Auto Perks

The 35 Biggest Banking, Mortgage & BankTech Events in 2023

Opus in Calif. Hires Former City National Exec for Senior Credit Post

11 New Restaurant Concepts Reimagining Fast Food & Casual Dining

CA federal district court denies OCC’s motion to dismiss lawsuit challenging final CRA rule

Deposit Growth Outlook Dims for Small Banks

Host of Factors Dim Deposit-Growth Outlook at Small Banks

California Measure: A Glimmer of Hope for Legal Pot Banking

Neighborhood Bank in Calif. Set to Raise $6 Million

From AT&T To Xerox: 65 Corporate Innovation Labs

First Foundation to Buy Two PacWest Branches

Beware the 'Cargo Cult' of Performance Targets

A Lending Boom at Banc of California

CVB Financial Hires Ex-BBVA Exec as Credit Chief

Why Many Banks Are Hanging On to FDIC Loss-Share Pacts

C&I Is Safer than Construction Loans, Right? Maybe Not

Cathay's Longtime CEO to Hand Reins to President But Remain Chairman

Are Some Bank Directors Spread Too Thin?

C&I's Problems Go Well Beyond Energy Loans

Senators Call On Financial Services Trade Groups To Condemn Bannon

Treasury Candidate Mnuchin Drew Praise, Scorn After IndyMac Deal

Treasury Pick Mnuchin Drew Praise, Scorn After IndyMac Deal

OCC CRA Final Rule – Opposition from Consumer Advocacy Groups and Congress

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