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Following their stints as interns, Malvern Bank retained the talents of (L to R) Cody Sorenson, Keegan Wederquist and Adam Konfrst, hiring them as full-time, mid-level team members. These communitybanks share how they have (or haven’t) altered their hiring strategies. Eclipse Bank: Reputation matters. Total employment.
Last year, communitybank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. American Bank, National Association.
Anticipating what’s new for your communitybank’s next field examination. This is particularly true for communitybanks preparing to undergo their next regulatory safety and soundness or compliance examination. As Barr points out, most communitybanks—close to 75 percent—are now growing their loan portfolios.
From left: Heather Kelley, Jan Button-Minton, Andrew Pyles and Ro Byrd of Eclipse Bank in Louisville, Ky., create a team-centric focus as part of the bank’s company culture. However, communitybanks have a big opportunity to stand out from the crowd of potential employers.”. Malvern Bank’s personal touch.
The CFPB announced the appointment of new members to its Consumer Advisory Board, CommunityBank Advisory Council, and Credit Union Advisory Council. New members to the Consumer Advisory Board will serve three-year terms and new members to the CommunityBank and Credit Union Advisory Councils will serve two-year terms.
As urban areas across the country grow and change, community development financial institutions like Metro Bank in Louisville, Ky., The post Podcast: Church Lending and Other Ways to Renew Urban Neighborhoods appeared first on ABA Banking Journal. are meeting the unique needs of these evolving neighborhoods.
Porter Bancorp in Louisville, Ky., used part of $5 million it raised in a private placement to become current on interest payments on some debt holdings.
During the company's second-quarter earnings call, CEO Jim Ryan acknowledged employees' "resiliency and their commitment to supporting one another" after a gunman opened fire on a Louisville, Kentucky, branch in April.
has agreed to buy FCB Bancorp in Louisville, Ky., MainSource Financial Group in Greensburg, Ind., for about $56.9 The cash-and-stock transaction is expected to close in the second quarter.
“(We) feel that this round of funding gives us the ability to continue to achieve our vision of providing communitybanks and credit unions with software that is simple to use and affordable.” The round was led by the Bluegrass Angels Fund.
Fallout from recent global events presents an obstacle to generating revenue for communitybanks. Since COVID-19, profitability planning for communitybanks 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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