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The Death of the Community Bank

Jeff For Banks

In June of 2008 I gave a speech titled "The Death of the Community Bank" and in that speech I made predictions. Prediction: The General Bank will become extinct. Much like competitors nip at community banks' customers. Eighteen percent of that group opened an account at a digital bank. Result: Mixed.

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FDIC Chair’s recent interview gives insight into FDIC’s agenda

CFPB Monitor

McWilliams stated that the FDIC’s top priorities included: (1) reducing regulatory burden on community banks; (2) increasing the speed with which the FDIC reviews charter and deposit insurance applications; and (3) assisting banks to introduce new financial products that serve underserved communities.

FDIC 68
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Silicon Valley Bank Failure – Lessons in Interest Rate Risk Management

South State Correspondent

The abrupt collapse of Silicon Valley Bank (SVB) is a stunning example of bank leadership not understanding interest rate risk, running into trouble with an inverted yield curve, and ignoring the impact of a severe monetary correction on long-duration assets.

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Community Banking According to Andy

Jeff For Banks

One of my tweeps (Twitter friends), is Andy Schornack, CEO of Flagship Bank Minnesota, based in Wayzata. He exemplifies the best of next generation bank leadership, with eyes wide open to the next iteration of banking in our rapidly changing environment. I suggest following Andy on Twitter.

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Fed Chairman Concerned Over Shrinking Bank Market

PYMNTS

.” Now, Powell is also raising concerns about how bank industry consolidation could negatively impact the small business community. It also meant the loss of financial advice, local civic leadership and an institution that brought needed customers to nearby businesses,” Powell said last week , according to reports.

Marketing 108
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10 Top Banking Podcasts You Should be Listening to

Abrigo

Topics range from here-and-now issues, such as the latest mergers and acquisitions environment or competitive pressure from the Buy Now Pay Later industry to strategic topics related to handling member or customer data, recruiting, and banking cannabis.

Community 195
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Who were ICBA’s Top Lenders of 2022?

Independent Banker

The Peoples Bank helped the Jones family of Legacy Dairy in Hiseville, Ky., From left, Ally Jones; bank chairman, president and CEO Terry L. Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. The bank provides crop insurance to farmers in 11 states.