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Communitybanks tout themselves as better than national and regional banks because of how close they are to their communities. A case in point: the First National Bank of Hallstead… now Peoples National Bank (see photo). When the bank opened in 1905, Hallstead was already a thriving community.
It is therefore important for FIs to make sure the services they offer can support the needs of these customers at speed, and more importantly, that these tools fully fulfill their changing needs, according to Lisa Brubaker, executive vice president and chief technology officer for Delaware-based communitybank WSFS Bank.
Many community bankers concluded that the EGRPRA is little more than a “check the box” process for regulators. In fact, our opening salvo in the 2014-16 EGRPRA review offers not just a sampling of banking regulation in need of reform, but also advice on how regulators could maximize their effectiveness over the next two years.
The Wilmington, Delaware, bank announced Tuesday that it had purchased Bell Rock Capital. WSFS' management said that legal troubles involving that investment advisory firm's founder won't affect the transaction.
The Delaware-based bank filed a complaint against two companies that built a WSFS logo display in downtown Philadelphia. Part of the signage eventually broke off in what the bank called an "almost-tragedy."
The Bancorp in Wilmington, Del., is being investigated by the Securities and Exchange Commission for restating more than three years of financial statements.
Radius Bank in Boston has recruited a team to lead a national push into Small Business Administration lending. Among the new hires is Diane Gallion, a former executive at The Bancorp in Delaware, who will be national director of government-guaranteed lending at Radius.
Executives at the Wilmington Delaware-based bank are optimistic about 2025. Its results in the final three months of last year were hurt by an "isolated" incident in its 26-year-old ATM servicing business.
Delaware Bancshares in New York thought it was set to grow and diversify after buying six Bank of America branches. Instead, the deal led to the company selling itself.
As a result, it is important for FIs to ensure that the services they provide can support client needs at speed and that these tools completely meet their evolving needs, according to Lisa Brubaker, executive vice president and chief technology officer for Delaware-based communitybank WSFS Bank. percent.
Supporters point out the Proposed Rule would result in strong and consistent supervision of bank-fintech partnerships across the country, ensuring fairness and compliance with applicable laws, and note the Proposed Rule would keep the costs of credit down and encourage innovation.
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