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Connect with an expert Common fraud schemes Check fraud Check fraud is one of the most concerning fraud trends for communitybanks in 2025. Investment schemes : Investment scams lure victims with promises of high returns and little to no risk, only to steal their money. Let our Advisory Services team help when you need it.
Based on the bank’s own filing, and like many banks, SVB did not deploy hedging instruments to manage its securities duration risk. The SVB Takeaway For CommunityBanksCommunitybanks should continue to monitor their deposit base, liability sensitivities, and duration risks.
The ABA has a new report out on how banks are using socialmedia, and much of the report focuses on using Twitter, Facebook, LinkedIn and the like to boost customer service, make connections in the community and recruit staff. 14) @News_CUInsight – CUInsight is an independent source of news on the credit union community.
Thankfully for bank and credit union executives, lenders, riskmanagers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. Bank Slate Convos 6. Main Street Banking: A Podcast for Community Bankers 8. You're not alone.
A status update on banks and socialmedia. According to a statistic released as part of the ICBA 2014 Top 50 CommunityBank Leaders in SocialMedia, nearly 2,500 banks have a Facebook or Twitter presence, and the numbers continue to exponentially grow. .* It is no wonder banks are joining in.
While there have always been problems in banks’ asset-liability models (ALM) and liquidity stress test models, the current environment exacerbates this problem. As a result, most banks are overestimating their liability sensitivity and, thus, their deposit value. This reduces the duration of these non-maturity deposits.
Some blame the dilution of the Dodd-Frank provisions, others the lack of oversight by regulators, and others still blame socialmedia for exacerbating the deposit run. The root cause of Silicon Valley Bank’s (SVB) failure is poor riskmanagement – plain and simple.
In a world where information can be the most valuable currency, communitybanks are gathering more of their internal data. a bank software provider in Cedar Park, Texas, most communitybanks gather data well for reporting purposes. Drew McMullen, a partner and managing director for Sense Corp.
While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate riskmanagement. While interest rate risk caused the most significant impact on value, several other factors contributed to the terminality of each bank that was closed.
By identifying the preferred banking and spending habits of different generations, scammers can tailor how they reach their targets. We look at communitybanks’ options for fighting this type of crime. Socialmedia. By Katie Kuehner-Hebert. A cohesive strategy. Baby boomers. Robo calls. Romance scams. Millennials.
In a world where information can be the most valuable currency, communitybanks are gathering more of their internal data. a bank software provider in Cedar Park, Texas, most communitybanks gather data well for reporting purposes. Drew McMullen, a partner and managing director for Sense Corp.
Thankfully for bank and credit union executives, lenders, riskmanagers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing. If you have an interesting podcast to share, please send it to marketing@abrigo.com.
Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. And how did communitybanks and credit unions respond to the COVID craziness? Jill is continually demonstrating just how loud a $300 million communitybank can roar!
This suite of systems can take banks from chaotic and fragmented operations to a smart, scaled future. A striking dynamic has occurred among regional and communitybanks over the past 10 years: their assets have grown much faster than their maturity. A GRC system is more than a pure audit system.
Not the financial industry’s “Troublemakers ” – those regional and communitybanks, 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.
They are not trying to fulfill all of their customers’ financial needs, rather providing an alternative to the traditional brick-and-mortar bank through features like mobile deposits and P2P payments. Neobanks are turning users into fans by being nimble, but their very existence often depends on partnering with traditional banks.
Jill Castilla, CEO of Citizens Bank of Edmond, Okla. This year, the award is less about advancing “your career” as it is about advancing “your bank.” No one has been more successful at using socialmedia to generate awareness and a positive image for their bank than Jill (@JillCastilla, @CitizensEdmond).
recently did a study where we looked into how many banks & credit unions were on socialmedia. What we found was that there were 1,776 banks/1,947 credit unions on Facebook while there were 706 banks/995 CU’s on Twitter. What if socialmedia is a fad? Social is not a fad.
Although communitybanks did not lend to sub-prime borrowers in any meaningful way, did we participate? In many respects, communitybanks were caught in the cross-fire through the purchase of those mbs instruments – and subsequent trial through public sentiment. We were concerned about the panic.
Wysh: Emerging player in the wish-list market, innovative features attracting young demographics, growth driven by effective socialmedia use. 9Spokes: Raised $17M for its comprehensive business management platform; increasing partnerships with major banks. SAVVI AI: Raised $5.6M
Banks that are looking to enhance their riskmanagement practices should consider incorporating the concept of the velocity of risk into their enterprise-wide riskmanagement practices. Some risks occur slowly; others strike quickly and hard. Optimizing Risk.
Facebook continues to be whipsawed and other major names like Google, Amazon, Netflix, and Microsoft fell in sympathy with their socialmedia favorite. Dorothy has been with Penn CommunityBank and its predecessor since November, 2004. Tech stocks added to the volatile environment during the past few months.
While technology budgets are always difficult to compare, banks are expected to spend 4.7% According to a recent survey by Gartner, Revenue growth, margin improvement and better riskmanagement are the top three functional objectives, in order, for next year. more next year than compared to 2024.
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