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Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for communitybanking. We are not Wall Street banks—we are communitybanks.
A summary of the banks, their strategies, and links to their website are below. #1. Open Bank (OTCQB: OPBK) Open Bank commenced operations in 2005 as First Standard Bank in the Koreatown section of Los Angeles. They are built as a relationship bank serving the Korean community in LA and surrounding areas.
Far more than any other issue, regulatory compliance is the biggest challenge community bankers experienced in 2015, with 43 percent naming it as such in ICBA’s State of the CommunityBanking Industry survey. First Security, a $180 million-asset communitybank in New Salem, N.D., Fearful of mistakes.
billion of assets and operates eleven branches in the metropolitan Milwaukee market, a loan production office (LPO) in Minneapolis, Minnesota, and 45 mortgage banking offices in 21 states. The mortgage bank has more than 3x the employees of the bank. million, than it has in operating expense, at $95.0 So they grew.
Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-communitybank in New Jersey. With the recent announcement of Andrea Short as CEO of 1st Source Bank, Murphy will remain chair and CEO of the holding company. Provident Financial Services, Inc. Goes to CSI.
“I’m not sure how we would have processed all of the PPP loans and everything else in the last 18 months without some of the technology that we have implemented,” says Chris Jundt, senior vice president and chief lending officer at First State Bank & Trust. Northpointe Bank in Grand Rapids, Mich., Cashing in on efficiencies.
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