South State Correspondent

AUGUST 21, 2022

Last week we wrote about loan-level vs. balance sheet hedging for community banks and provided our loan proposal generator ( HERE ). We compared and contrasted the two strategies and sized the market for community banks. A community bank may transact one or only a few balance sheet hedges over many years.

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How To Community Bank Community FDIC 195

Abrigo

APRIL 28, 2017

Stress testing, especially for community banks, can be challenging because of the lack of specific methodologies and practices recommended by regulators. But banks need to take that first step. Regulators are encouraging banks to look at their commercial real estate (CRE) portfolios in greater detail.

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Community Bank Regulation Community Regional 150

South State Correspondent

APRIL 24, 2022

Banks have ceased using LIBOR to price assets and liabilities after 2021. However, some community banks are still deciding on the correct term lending index to adopt. Many banks are uncertain that they have chosen the best term index for their products and markets. Banks prefer an index that follows their cost of funding.

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Lending Community Bank Community Marketing 195

South State Correspondent

APRIL 10, 2023

Nonetheless, with the recent collapse of sizeable regional banks, regulators, investors, analysts, accountants, and bankers are now scrutinizing the fair value of banks’ securities and loan portfolios. This development should strongly motivate community banks to consider the benefits of loan-level hedging.

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Community Bank Community Security Capital 195

PYMNTS

OCTOBER 8, 2018

The impact of Europe’s General Data Protection Regulation ( GDPR ) continues to take shape roughly five months after taking effect, and Facebook could be on the hook for billions of dollars in fines tied to a data breach of about 50 million user accounts. Crypto Regulations.

United States 174

United States Regulation cryptocurrency Cleveland 174

PYMNTS

MAY 22, 2018

A bill that would give regional banks a break on regulation was before the U.S. That change would become effective 18 months after the bill is enacted — though the SIFI designation immediately lift for banks with assets under $100 billion, according to a Height Research report by Ed Groshans, senior vice president at the firm.

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Regulation Regional Community Innovation 100

Independent Banker

JUNE 30, 2022

If community banks put in the effort to foster a sense of belonging, the result is a stronger workplace culture, greater employee loyalty and, ultimately, a better experience for customers. So, how can community banks build truly inclusive cultures, where everyone feels like they belong? Misti Stanton, Mercantile Bank.

Community Bank 91

Community Bank Community Leadership Millennials 91

PYMNTS

JULY 31, 2019

The company revealed that David Kowach has been named head of Community Banking, while Jim Hays has come onboard as president and head of Wells Fargo Advisors. Kowach, Rowe, and Dai will report to Mary Mack, head of Consumer Banking, and Hays will report to Jonathan Weiss, head of Wealth & Investment Management.

Community Bank 147

Community Bank Lending Regional Strategy 147

PYMNTS

MARCH 11, 2019

With a permissioned blockchain network , services can be shared between credit unions, which could improve identification authentication and compliance surrounding regulations, know your customer, lending and payments. Under the plan, credit union members would be able to access the CULedger via a digital credential dubbed MyCUID.

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blockchain Regulation Community Bank Regional 160

PYMNTS

MARCH 9, 2020

In a recent interview with PYMNTS, Michael Coghlan, CEO of banking technology provider Verdigris Holdings , explored the challenge of banking the underbanked small business community. Regional Banks, Credit Unions Compete. Branch Deserts. This presents an opportunity for companies like Verdigris to fill the gap.

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Community Bank Community Innovation Regional 188

PYMNTS

APRIL 16, 2019

The MOU dictates that the banks will train FinTech startups with an eye on cross-border transactions. Deputy Managing Director of MAS Jacqueline Loh said the relationship demonstrates a FinTech that may extend to other countries in the ASEAN region.

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Fintech San Francisco National Innovation 211

Abrigo

FEBRUARY 23, 2023

Meanwhile, leaders at small banks recognize that their institutions play a vital role in helping community businesses and individuals not only weather uncertainty but also thrive. How can community financial institution leaders manage their challenges and seize their opportunities at the same time?

Community Bank 195

Community Bank Kansas City Community Lending 195

Abrigo

FEBRUARY 6, 2024

Takeaway 2 Community banks may face challenges seeking reimbursement for breach of warranty claims filed with other FIs. Takeaway 3 Banks and credit unions should leverage new tools to improve check fraud prevention that can ease the burden on their staff and safeguard customers.

Fraud 221

Fraud Training Trends Regional 221

American Banker

NOVEMBER 10, 2023

In its biannual report on supervision and regulation, the Federal Reserve Board noted an uptick in governance issues with large banks. Regional and community banks, meanwhile, were plagued by IT problems and risk management struggles.

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Risk Management Community Bank Regional Community 90

PYMNTS

APRIL 16, 2020

This week’s look at the latest in bank-FinTech collaborations and open banking initiatives finds a focus on small business lending: In the U.K., open banking regulations. Funding Options struck a data-sharing agreement with 20 alternative lenders to make SMB loan applications more efficient, while in the U.S.,

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Data Lending Regional Fintech 167

PYMNTS

MARCH 12, 2020

One of the latest to do so is FirstBank, which recently announced that it will deploy Finxact’s Core-as-a-Service offering, an initiative the bank said will allow it to not only modernize its core infrastructure, but also to become more agile at its own internal digitization and product development. Yes Bank Woes See API Disruption.

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Lending Risk Management Fintech Community 194

Abrigo

MARCH 20, 2015

In the last several years following the Great Recession, the health of banks in the U.S. For the largest of American financial institutions – those that much of the public banks with for checking, mortgages and auto loans – stress testing regulations have been passed and executed to avoid a repeat of 2008.

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Texas Regional California Community Bank 150

PYMNTS

MAY 30, 2019

They’re parking those deposits with a high-yield competitor, whomever they may be,” said Smith, who also heads JPMorgan’s consumer and community banking. It’ll then move from that high-yield competitor to another … but that high-yield competitor is not winning the primary bank relationship, which is obviously what’s critical.”.

Community Bank 134

Community Bank Regulation Maine Regional 134

American Banker

DECEMBER 11, 2023

Proposed capital rules aimed at bigger institutions will force regional and larger community banks to consider ways to grow or seek an exit strategy, bankers and analysts predict.

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Community Bank Regional Capital Community 90

PYMNTS

JULY 10, 2020

For several years, while state-level legalization has expanded, access to traditional banks remains an issue thanks to their status as federally regulated entities. Today, however, the banking challenge has largely been solved.

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Innovation Payments Tools Compliance 210

South State Correspondent

APRIL 19, 2023

Focusing on uninsured deposit performance is a hot topic among investors, analysts, and regulators. While every bank is now tracking the general metric, only a few banks monitor deposit performance in the category. For example, while banks in the Southeast and Mid-Atlantic regions of the U.S.

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How To Examples Resources Marketing 195

PYMNTS

DECEMBER 14, 2017

In fact, in the last 24 hours, the virtual currency has seen investigations into illegal exchanges, regulators around the world issuing warnings about its volatility, worries about fraud and also real estate transactions intended to be made only in bitcoin. Here are the numbers: 1.6

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Bitcoin Data Compliance Survey 122

Abrigo

AUGUST 30, 2024

Wake of 2023 bank failures Federal Housing Finance Agency review prompts reform The Federal Home Loan Bank (FHLB) system faces potential changes in its structure, operations, and mission that could affect financial institutions. Capital rules and membership criteria are among the areas where banks could see changes.

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San Francisco Risk Management New York Capital 195

Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. Since COVID-19, profitability planning for community banks has mainly hinged on how the government was coping with the pandemic and the key role financial institutions played in keeping the economy afloat. By Elizabeth Judd.

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Strategy Community Bank Louisville Community 135

PYMNTS

JULY 24, 2018

Synovus Financial announced on Tuesday (July 24) that it is acquiring FCB Financial Holdings, owner of Florida Community Bank (FCB), Florida’s largest community bank, in a deal valued at $2.9

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Florida Community Bank Regional Community 100

Abrigo

AUGUST 31, 2023

To accommodate customers of all identities and orientations, community banks may consider adding pronoun options to their documentation, collecting preferred or chosen name information, and utilizing notes and alerts to help front-line staff identify customers with changed identities. Miss” and thus alienating nonbinary customers.

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Compliance Community Training System 195

South State Correspondent

OCTOBER 28, 2022

Almost every bank and brand we spoke with will increase their investment in these two areas for 2023. This was followed by a focus on banking-as-a-service, embedded finance, open banking, Web 3.0, cyber, infrastructure, and regulation. Small Idea – Policy and Regulations are Lagging But Are Going in Banking’s Favor.

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Conference Technology Las Vegas Trends 195

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. billion bank in the Mid-Atlantic region.

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Fintech Community Regional Technology 192

PYMNTS

APRIL 7, 2016

In his annual letter to shareholders, Dimon went on, at some length, to say that the “mission-critical” services that big banks can supply are the types of things “regional and community banks simply cannot do.”. “In

Washington 100

Washington Regulation Leadership Community Bank 100

PYMNTS

MAY 30, 2018

Financing of all sorts was on the downswing, and SMB owners began dipping into their own piggy banks before seeking a lending agreement. That finding comes care of data gathered by 12 regional Federal Reserve banks in a survey conducted over the third and fourth quarter of 2017.

Lending 115

Lending Community Bank Survey Community 115

Independent Banker

MARCH 15, 2015

The ICBA and community bank campaign to improve those rules has included a comprehensive study on their impact that was released before the CFPB announcement of its proposed changes, which are expected to be formally adopted. Of course, this community bank victory is not the result of just one survey.

Washington 70

Washington Community Bank Community Survey 70

Independent Banker

FEBRUARY 24, 2015

The ICBA and community bank campaign to improve those rules has included a comprehensive study on their impact that was released before the CFPB announcement of its proposed changes, which are expected to be formally adopted. Of course, this community bank victory is not the result of just one survey.

Washington 70

Washington Community Bank Community Survey 70

Independent Banker

APRIL 30, 2018

I am proud of what ICBA has accomplished over its 88-year history and optimistic about what the future holds for community banks. I’m honored to be part of that future and look forward to leading ICBA as we write the next chapter of the community bank story. Now, the future is ours for the taking. Mission: Flourish.

Community Bank 70

Community Bank Community Leadership Industry 70

Independent Banker

MAY 24, 2016

For example, the accounting standard will now be crystal clear that community banks can forgo certain unnecessary or inappropriate disclosures. They avoid what otherwise would have become seriously unworkable accounting requirements for community banks. Soon the regulators will take up the CECL standard.

Community Bank 72

Community Bank Community Policies Leadership 72

Gonzobanker

JANUARY 17, 2020

Banks are most afraid of big tech, just when these players face regulation. However, between anti-trust regulations, algorithm investigations and states focused on privacy (e.g., California CCPA), it’s hard to imagine just how far techies will be able to upend the nuts and bolts of the banking industry.

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Customer Experience Fintech Regional Cards 125

American Banker

JUNE 6, 2023

Bankers and a key government supervisor say the downfalls of multiple regional lenders reminded regulators that traditional M&A is better for the industry than failed-bank-deals.

Regional 69

Regional Regulation Industry Community Bank 69

Independent Banker

FEBRUARY 24, 2016

Mark Vis, a real estate and commercial loan officer with First State Bank Southwest, a $250 million-asset community bank in Worthington, Minn., This ups the ante for banks courting certain business owners, particularly those managing startup companies. Morton, a senior lender at the $120 million-asset community bank.

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Trends Community Bank Lending Community 79