This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Alloy’s Julieann Thurlow, CEO of Reading Cooperative Bank, said, “Communitybanks play a special role in the lives of our customers, but we don’t have the same IT and innovation budgets as the big banks to capitalize on that relationship.” Guidelines From The UK.
Communitybanks own an enviable amount of data, but not all are leveraging it to its fullest extent. By Mindy Charski People share important data about themselves with their communitybank in myriad ways. Data about existing customers can even help communitybanks improve their efforts to find new customers.
Months prior to its failure, Citizens Bank in Sac City had entered into a consent order with the Federal Deposit Insurance Corp. and the Iowa Division of Banking due to problems in its portfolio of commercial trucking loans.
Following their stints as interns, Malvern Bank retained the talents of (L to R) Cody Sorenson, Keegan Wederquist and Adam Konfrst, hiring them as full-time, mid-level team members. These communitybanks share how they have (or haven’t) altered their hiring strategies. Eclipse Bank: Reputation matters. Total employment.
A secure, open-loop, cost-saving, customer-accessible, multiplatform P2P payments network might sound too good to be true, but communitybank consortium Alloy Labs Alliance hopes to achieve just that with the CHUCK payment rail. Julieann Thurlow, CEO of $730 million-asset Reading Cooperative Bank in Reading, Mass.,
The Iowa Division of Banking on Monday blocked the sale of First American Bank’s remaining Iowa-based assets and branches to Green State Credit Union, a $5.8 billion institution based in Iowa City.
I recently read a report by the US Senate Committee on Health, Education, Labor and Pensions titled The Retirement Crisis and a Plan to Solve It , led by Senator Tom Harkin (D: Iowa). Here is where I think communitybanks, banded together through associations such as the ABA or ICBA, can play a critical role in solving our problem.
Farmers Savings Bank in Iowa has agreed to buy Elgin State Bank. The post Bank acquisitions announced in Kansas, Iowa appeared first on ABA Banking Journal. PBT Bancshares in Kansas has applied to acquire Kanza Financial.
Tioga State Bank aims for a pragmatic approach to its swag. Promotional merchandise, or swag, has long been regarded as a no-brainer approach to business branding, but communitybanks are shedding those thrifty connotations with a new, mindful approach to company gifting that imparts value and purpose while bolstering bottom lines.
Josh Guttau believes that the long-term competitiveness of communitybanks will heavily depend on their having great analytical skills and technology. Josh Guttau in Iowa on making decisions with data. TS Banking Group in Treynor, Iowa. IB: What single word best describes the current communitybanking industry?
CommunityBank of the Bay. Community First Credit Union (OH). Evans Bank. Federated Bank. First Bank of Boaz. First National Bank of Milaca. Grand Savings Bank. Greater Cleveland Community Credit Union. Greenleaf Wayside Bank. Hometown CommunityBanks.
Kim Reynolds announced today that former ABA Chairman Jeff Plagge, president and CEO of Northwest Financial Corporation in Arnolds Park, has been appointed superintendent of the Iowa Division of Banking. The post Plagge Appointed Superintendent of Iowa Division of Banking appeared first on ABA Banking Journal.
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, communitybank 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.
First American Bank agreed to cover costs incurred by the Iowa Division in Banking, while the regulator made it clear that the accord would not set a precedent for future credit union-bank deals.
A 117-year-old communitybank serves as the back-end for fintechs like Square Cash and Acorns, fueling growth while keeping its roots intact. The post How a Small Iowa Institution Became The Bank Powering Big Fintech Apps appeared first on The Financial Brand.
Certain mobile functions and features are essential to the success of a communitybank’s mobile banking offerings. Newfangled mobile capabilities could help communitybanks stand apart from their competitors. Funds transfer (within same bank). a technology and core software firm in Cedar Falls, Iowa.
Certain mobile functions and features are essential to the success of a communitybank’s mobile banking offerings. Newfangled mobile capabilities could help communitybanks stand apart from their competitors. Funds transfer (within same bank). a technology and core software firm in Cedar Falls, Iowa.
Iowa Superintendent of Banking Jeff Plagge offers ideas for long-term solutions to get struggling businesses back on their feet after the lockdown. The post Podcast: Supporting Small Business Cashflows in the COVID Recovery appeared first on ABA Banking Journal.
It’s yet another fiasco of meddlesome overregulation that could have been avoided, says Becky Miller, vice president and compliance officer for the $90 million-asset Farmers Trust and Savings Bank in Williamsburg, Iowa. Consumer mortgage disclosures that once took 10 minutes for Miller to complete now take several hours.
Job seekers are in the driver’s seat across most industries, including communitybanking,” says Lindsay LaNore, group executive vice president and chief learning and experience officer for ICBA. However, communitybanks have a big opportunity to stand out from the crowd of potential employers.”. Put people first.
million farms and the communitybanks that lend to them each growing season, Scanlan points out. Communitybanks also are likely to see increased regulatory scrutiny of agricultural loans this year. Other changes in rural loan programs are affecting communitybanks. Ongoing concerns.
ATMs with video connections to bank staff in a centralized back office have been getting a lot of buzz within the industry. For some communitybanks, video tellers, sometimes called interactive teller machines or ITMs, can work well for select markets or under certain conditions, experts say. James Johnson, PCSB Bank.
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. CommunityBank Advisory Council Members. Ballard, Vice President and Director, First Iowa State Bank, Albia, IA.
Community Bankers Chosen as CFPB Advisors. The Consumer Financial Protection Bureau named nine community bankers to serve new terms on the bureau’s CommunityBank Advisory Council. Paul Mackin , president and CEO at Think Mutual Bank in Rochester, Minn.; in Lowell, Mass.; in Lowell, Mass.;
Every new payment era brings new security challenges, but you can arm your communitybank with a wide array of defenses to effectively fight fraud, wherever it may pop up. Terry Dooley is executive vice president and chief information officer at SHAZAM, the payments network in Johnston, Iowa.
and Randy Feenstra (R-Iowa) introduced the Enhancing Credit Opportunities in Rural America (ECORA) Act of 2021 in the House of Representatives, bringing it a step closer to law. The post ABA’s Elfmann: With ECORA, Help Is on the Way appeared first on ABA Banking Journal. Ron Kind (D-Wis.)
With the average individual spending 100 minutes on social media each day, it’s entirely possible for communitybanks to share some of that screen time. According to McIlwain, there’s “no right answer” to which social media channels communitybanks absolutely must use. With a combined 2.5
The Ames-based Ames National Corp. has watched its profits shrink over the past two years amid increased funding costs and stiff competition for deposits.
The state's Division of Banking, led by a former bank CEO and trade group chief, blocked GreenState CU's move to buy seven branches from First American Bank. This is the second time this year regulators have halted a credit union-bank deal.
We organize all of the trending information in your field so you don't have to. Join 23,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content