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. First Community Bank of the Heartland, Inc.

Community Bank 172

Community Bank Community National Philadelphia 172

Independent Banker

JULY 31, 2022

Observing the gap in pandemic relief in south Florida due to a lack of local community banks, a trio of banking veterans teamed up to form a digital-first community bank—and were granted a charter in record time to support local businesses. By Katie Kuehner-Hebert. Name: Locality Bank. Assets: $55 million. Built on a solid foundation.

Florida 91

Florida Community Bank Community FDIC 91

American Banker

DECEMBER 19, 2019

The FDIC was reluctant to sign off on the merger of Summit Bancshares and Faciam Holdings because the company planned to serve marijuana-related businesses.

California 48

California FDIC Company Community Bank 48

Jeff For Banks

DECEMBER 10, 2023

Although one might argue that First Citizens BancShares of Raleigh is a SIFI as it climbed to the 19th largest in the country with its Silicon Valley Bridge Bank acquisition from the FDIC, and that the FDIC designated SVB as systemically important. Communities First Financial Corporation (Now FFB Bancorp) (OTCQX: FFBB) #2.

Fresno 101

Fresno North Carolina Raleigh FDIC 101

CFPB Monitor

OCTOBER 27, 2022

The CFPB addressed the panel’s decision in Community Financial Services Association v. The Bureau’s funding is not meaningfully different from numerous other agencies such as the Federal Reserve Board, OCC, and FDIC that are funded in ways other than annual spending bills.

Illinois 146

Illinois FDIC California System 146

Independent Banker

FEBRUARY 24, 2016

Just about every community bank makes commercial real estate loans. A whopping 95 percent of ICBA members are active commercial real estate (CRE) lenders, according to the latest ICBA Community Bank Lending Survey. Regulatory oversight is nothing new for Chris Courtney, president and CEO of Oak Valley Community Bank in Oakdale, Calif.

Community Bank 70

Community Bank Lending Community Regulation 70

PYMNTS

MARCH 2, 2018

Frankly, whenever miners arrive, communities aren’t so willing to roll out a red carpet — because, as neighbors go, miners are kind of a fizzle. Read, bitcoin is something of a public nuisance for the community, as miners have started showing up in droves to set up companies that can make use of the town’s unusually low power costs.

Bitcoin 104

Bitcoin cryptocurrency Taxes Community 104

American Banker

FEBRUARY 26, 2016

The bank's approval last year to buy OneWest Bank included a condition to submit an updated Community Reinvestment Act plan, but the CRA program now being presented by CIT is far from adequate.

Community 28

Community California FDIC Regional 28

Abrigo

SEPTEMBER 5, 2023

Path to removal – Sometimes an exception is like the Hotel California – you can check out anytime you like, but you can never leave. As the FDIC said recently: Exceptions to policy should be few in number and properly justified, approved, and tracked. It just stays on forever. Get details in "A guide to implementing credit policy."

Policies 195

Policies Lending Risk Management Examples 195

PYMNTS

AUGUST 17, 2017

Chase, Wells Fargo, Bank of America and Citi, to name a few, all scaled back their physical bank branch locations between 2012 and 2016, according to the Federal Deposit Insurance Corporation (FDIC). Results also noted this generation is less likely to open a bank account if physical bank locations are not available in their communities.

Millennials 132

Millennials Digital Banking San Francisco Fintech 132

Jeff For Banks

DECEMBER 16, 2022

Communities First Financial Corporation (OTCQX: CFST) Communities First Financial Corporation is the bank holding company for Fresno First Bank , which opened in December 2005 dedicated to meeting the banking needs of businesses, professionals, and successful individuals in Central California. billion of total assets, $36.7

Puerto Rico 78

Puerto Rico Virgin Islands Community Community Bank 78

Independent Banker

AUGUST 26, 2015

Community banks and their customers don’t need to be concerned about the legality of digitally signed documents. Webster says FDIC officials had “no issue” with the mortgage company’s use of electronic signatures during a recent exam of PrivatePlus Mortgage. Howard Schneider is a financial writer in California. Legal aspects.

San Francisco 70

San Francisco Lending System Atlanta 70

Abrigo

SEPTEMBER 14, 2022

2) To enable communities, governmental entities, and creditors to identify business and community development needs and opportunities of women-owned, minority-owned, and small businesses. In fact, it took a lawsuit initiated by a California community group in 2019 to get things moving. California Reinvestment Coalition v.

Lending 195

Lending Data Regulation Community 195

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 78

CA Community California FDIC 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

Gonzobanker

DECEMBER 19, 2024

non-interest expense/asset ratio in a full-service community credit union. This mission runs through every aspect of the organization, from financial education to products, community events and charitable giving. Meatiest Marketing Idea Community Financial Credit Union for creating online resources to help survivors of economic abuse.

Fraud 88

Fraud Fintech Marketing Industry 88

Jeff For Banks

APRIL 14, 2022

Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles 2015 Louis D. Their Bank, Our Bank, the Quality Bank: A History of the First Interstate Bank of California 1982 Kerry Killinger Killinger, Kerry Nothing is Too Big to Fail: How the Last Financial Crisis Informs Today 2021 Charles P. Bove Bove, Richard X.

America 60

America National Denver United States 60

PYMNTS

FEBRUARY 14, 2019

In California , the industry will be worth at least $5.1 Such prohibition could involve limiting FDIC protections for those deposits, for example, or trying to prevent loans to those businesses. In 2018, consumers in Colorado bought some $1.55 billion worth of legal cannabis products. Cannabis Tension.

Oregon 230

Oregon Colorado Operations Washington 230

PYMNTS

FEBRUARY 13, 2019

In California, the industry will be worth at least $5.1 Such prohibition could involve limiting FDIC protections for those deposits, for example, or trying to prevent loans to those businesses. In 2018, consumers in Colorado bought some $1.55 billion worth of legal cannabis products. Cannabis Tension.

Oregon 115

Oregon Colorado Operations Washington 115

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. District Court for the Northern District of California. The NCRC and the CRC followed through on their promise by filing a lawsuit against the OCC and the Acting Comptroller Brian Brooks on June 25, 2020.

Groups 140

Groups Community FDIC California 140

FICO

DECEMBER 19, 2018

This month, a group of federal agencies including the Federal Reserve, OCC, FDIC and the Financial Crimes Enforcement Network (FinCEN) issued a joint statement which encourages banks to consider, evaluate, and responsibly implement innovative solutions to BSA/AML compliance. However, legislation alone won’t mitigate data breaches.

Policies 40

Policies District of Columbia Regulation California 40