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
Bank and credit union leaders can use data to inform small business lending Small businesses are showing resilience. As rates stay high, concerns about credit risk and borrower health are top of mind for bank and credit union leaders, especially as it relates to lending to small businesses. Nearly all U.S.
To succeed, banks must carefully balance competitive offerings with cost control while leveraging technology and relationship-building strategies to attract new deposits. Investing in digital solutions not only improves the customer experience but also positions communitybanks as forward-thinking financial partners.
This article is the second in a two-part series on top concerns and growth strategies of communitybanks. Everyone in the banking industry seems to be asking the same question these days: How can we facilitate growth? banks are moving back into commercial real estate (CRE) lending as the economy continues to improve.
Key Takeaways Financial institutions who want to maintain a healthy share of business lending this year and through potentially tougher economic times ahead want to be in the best position possible before trouble hits. Abrigo's Business Lending Readiness Survey found many processes stymie those efforts. learn more.
Making a difference in communitiesBanking is more than just numbers and transactions. Jay Blandford is Chief Executive Officer of Abrigo, a leading provider of risk management, financial crime prevention, and lending software and services that help more than 2,500 U.S. It’s about relationships.
Preparing for 2023 While communitybanks have until 2023 until they must comply with CECL, there is likely less time than expected. . Steps to Take This Year WATCH Webinar. While communitybanks have until 2023 until they must comply with CECL, there is likely less time than expected. Watch Webinar.
You might like the on-demand webinar, "Credit presentations: Developing a high-quality credit memo." Templates and frameworks can help, but as Kent Kirby, a retired Chief Credit Officer and senior advisor at Abrigo, pointed out during a recent webinar , too often memos are either too dense or too sparse.
As the nation’s traditional financial institutions struggle to cope, alternative lending platforms and other B2B FinTechs are exploring how to put their own technologies to good use. Small businesses, meanwhile, can use the platform to apply online as fewer physical bank branches are available. Funding Circle. Wolters Kluwer.
Although the above example is a large bank, similar enforcement actions are being handed down to communitybanks. Key strategies to prevent BSA enforcement actions To prevent BSA enforcement actions, banks must prioritize proactive compliance measures.
You might also like this on-demand webinar, "Navigating uncertain times: Strategies for effective risk management and compliance." Rising-rate environment Planning ALM strategies In today's volatile economic landscape, managing interest rate risk has become a top priority for communitybanks.
The most-read lending & credit blogs in 2023 Probability of default, CECL model validation, and stress testing were among Abrigo's top blogs on ALM, CECL, and portfolio risk this year. download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities communitybanks and credit unions had in 2023.
In today’s banking world, communitybanks are focused sharply on shareholders’ expectations for growth in earnings and return on equity. So, how can communitybanks support earnings and ROE growth in the face of intense regulatory scrutiny and competitive pressures on profitability? Changing Lending Environment.
Better risk insights, better decisions Ultimately, the goal of generative AI in credit risk management is to help financial institutions make better lending decisions. By improving efficiency, accuracy, and consistency, AI-driven solutions like Loan Review Assistant not only reduce workload but also enhance risk assessment capabilities.
Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending.
This year’s winners: Left: Central Valley CommunityBank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional CommunityBank Service Award; Right: Cross River Bank, Emerging Service Program Award. Exceptional CommunityBank Service Award. Kennebec Savings Bank.
“Regulators could not be more clear on what they are looking at,” said Susan Sharbel, Senior Consultant at Abrigo Advisory Services, during a recent webinar on controlling interest rate risk and liquidity challenges. Learn more in this webinar , "ALCO playbook: Managing liquidity & performance amid rate cuts."
Automating SMB and commercial lending elevates your customer's experience From making it easier to apply to speeding up loan closings, automation can helps make business lending customers and staff happier. You might also like this on-demand webinar, "Strategies to grow your commercial loan portfolio." Digital lending.
Loan Decisioning Allows Small Business Lending to Grow Community financial institutions can leverage automated loan underwriting to increase small business lending and achieve consistency. . Takeaway 2 Loan decisioning allows institutions to efficiently allocate credit analysts’ time for profitable small business lending.
Personalized Touch with Efficient Service Can Boost LendingBanks and credit unions can boost business lending by combining a relationship focus with transaction-oriented processing. . Takeaway 1 Many banks and credit unions want to win more business loans but will face higher rates and more competitors.
Key Takeaways Commercial real estate lending will be a top focus for many financial institutions in 2020. Nearly half of survey respondents (48%) said CRE would have the top focus for growth in their banks’ loan portfolios. CRE Lending. Lending & Credit Risk. Lending & Credit Risk. Learn more. Learn More.
Recent stats and dynamics of the small business lending market Understanding the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending.
You might also like this on-demand webinar, "Winning the deposit game." bank and credit union regulators expect financial institutions to implement robust internal controls for managing the credit, market, liquidity, and operational and legal risks associated with investment holdings. WATCH Investment accounting compliance risks U.S.
We asked both leaders and staffers to tell us what makes their communitybanks stand out as employers. Key CommunityBank: Leading by example. Key CommunityBank. At the heart of Key CommunityBank’s work culture is connection. Greg Dennis, Key CommunityBank. “We
.; Bank of Montana, Missoula, Mont.; CNB Bank, Berkeley Springs, W.Va.; Midwest Bank, Norfolk, Neb. In our annual workplace survey, employees of ICBA’s best communitybanks to work for told us they benefit from engaging cultures, opportunities for advancement and innovative benefits. What great resignation?
10 good podcasts for bank & credit union execs & staff These banking podcasts discuss current events, strategic and policy issues, competition, digitalization advice, and more. banks and credit unions can be difficult. A curated list of banking podcasts can give you a head start. Bank Slate Convos 6.
To help banks understand the requirements and associated impacts, Sageworks partnered with Crowe Horwath to lead an informative webinar later this month on preparing for Basel III. It is also important to note that disclosure starts January 1, 2015, which is also considered the compliance deadline for communitybanks.
Communitybanks and credit unions partnered with their communities to help families and businesses through these unprecedented times , causing spikes in consumer fraud that must be faced head on. Lending & Credit Risk. Member Business Lending. SBA Lending. Ag Lending. CRE Lending.
Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. How can community financial institution leaders manage their challenges and seize their opportunities at the same time?
Leveraging the efficiencies gained from lending software Banks and credit unions that leverage an integrated lending and credit platform reap the benefits of a consistent, efficient and defensible lending program. Lending and Credit Software. Watch the on-demand webinar here. Ag Lending. Learn More.
You might also like this webinar, "How to manage a high-performing construction loan portfolio." Takeaway 1 "Bank Monitoring with On-Site Inspections" will be presented later this month and claims to be the first empirical study of bank monitoring within non-syndicated loans. . Bank monitoring in construction lending.
Key Takeaways Financial institutions have 10 calendar days to disburse PPP loans To address financial institutions’ liquidity and leverage concerns, regulators have helped to facilitate lending. To address financial institutions’ liquidity and leverage concerns, regulators have helped to facilitate lending. How to fund PPP loans.
In a recent Sageworks webinar , Ancin Cooley of Synergy Credit Union Consulting took a deep dive into five areas that credit unions interested in growing their MBL portfolios need to be aware of in order to effectively manage risk in the MBL portfolio. Next, Ancin moved into a discussion of the current regulatory environment around MBL.
When the program opened on April 3, hopeful borrowers flocked to their banks and credit unions – figuratively speaking – to apply for a loan, only to find that their financial institution was only going to lend to customers with a certain level of relationship. Lending & Credit Risk. SBA Lending. SBA Lending.
You might also like this on-demand webinar, "Navigating uncertain times: Strategies for risk management and compliance." watch now Takeaway 1 Banking professionals face challenges posed by interest rate changes. The panel addressed the negative perception of compliance in communitybanking, advocating for a shift in perspective.
Experts have highlighted numerous lessons from Southwest’s experience, many of which can benefit bank and credit union executives, regardless of their institution size, as they manage competing priorities for spending and growth initiatives on banking solutions. A failure in back-office technology directly affects customer experiences.
Sageworks (which is also on Twitter at @Sageworks ) has identified 15 must-follow Twitter accounts for banking professionals. 1) @davidpoconnell – David O'Connell is a former commercial lender and a senior analyst at Aite Group, where he covers commercial banks and their use of analytics. Learn more here.
During a Sageworks webinar on HVCRE risk management Rob Ashbaugh, senior risk management consultant at Sageworks, explained that clarifications on some of the murkier aspects of the HVCRE (high volatility commercial real estate) rule were anticipated by the industry.
Growing loans, earnings are banks' top challenges in 2021. The top banking challenges in 2021 are growing loans and earnings, according to Independent Banker’s recent 2021 CommunityBank CEO Outlook survey. Technology sets up future lending success. Pandemic-Induced Transformations. Optimize Technology.
The GAO acknowledged that communitybanks, credit unions and their professional industry associations reported increased compliance burdens and reduced activity in specific business activities, such as certain mortgage lending, as a result of Dodd-Frank.
Adapt to a dynamic banking environment with real-time lending & credit data Lender dashboards and reports showing the lending pipeline, pricing trends, emerging risks, workflow bottlenecks, etc. You might also like this on-demand webinar, "Identifying emerging CRE risks." Explore Abrigo Connect.
Communitybanks are striving to increase loan yield and maintain their cost of funding (COF). We have created and used a novel structure to take advantage of the inverted yield curve to allow communitybanks to increase net interest margin (NIM) and fee income on these existing fixed-rate loans.
The PPP forgiveness process is a major concern among community financial institutions. Lending & Credit Risk. SBA Lending. Lending & Credit Risk. SBA Lending. Lending & Credit Risk. SBA Lending. C&I Loans. PPP Forgiveness Timeline: What Lenders Need to Know. Learn More. Learn More.
Resources like this webinar, "Embracing FedNow," offer valuable insights on FedNow's AML and fraud implications, as well as best practices for employee training, customer education, and infrastructure reviews. Many of Abrigo's 2,400 communitybank and credit union clients plan to incorporate the FedNow Service into their product offerings.
Even now, however, banks and credit unions with 2023 deadlines are seeking information about what the earliest adopters have learned so far in their implementation efforts. During the webinar, Felicity Ours, CPA, CRC, of Summit Financial Group (NASDAQ: SMMF), a $2.2 Lending & Credit Risk. Transition to CECL with confidence.
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