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For more communitybanks, the latter strategy can fast-track digitization initiatives. This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and communitybanks to elevate small- to medium-sized business (SMBs) and corporate banking offerings.
Our recognition as the #3 communitybank in the state by GOBankingRates in 2025 reflects our commitment to Growing, Together with the communities we serve. Our recognition as the #3 communitybank in the state by GOBankingRates in 2025 reflects our commitment to Growing, Together with the communities we serve.
To succeed, banks must carefully balance competitive offerings with cost control while leveraging technology and relationship-building strategies to attract new deposits. Banks and credit unions can attract new deposits by offering: User-friendly digital account opening with intuitive navigation, fast load times, and strong security features.
Innovation has always been important for communitybanks, but the driving force of digitization over the last decade has greatly sped up the pace, said Kevin Tweddle, chief innovation officer for the Independent Community Bankers of America ( ICBA ). Communitybanking is no exception. Leveling the Playing Field.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will explore the challenges regional and communitybanks have faced in implementing tailored credit card programs with flexible payment options as a tool to attract and retain the next generation of customers.
At Abrigo, we’ve always focused on helping financial institutions thrive—not just for their own benefit but for the sake of the communities they serve. It’s about supporting the people who safeguard banks and credit unions from the growing threats of financial crime and who keep capital flowing to small businesses and families.
In this article, we analyze the underlying data for communitybanks and focus on the Chairman’s view of the future of bank performance. Communitybanks were challenged with increasing deposit costs and a lower increase in loan yield than the industry average, leading to a decline in NIM.
Inspired by the entrepreneurship of lemonade stands, Scottsdale CommunityBank created a microloan program. Photo by Brandon Sullivan De novo Scottsdale CommunityBank set out to provide microloans to small and mid-size businesses, family organizations and nonprofits—a project that was inspired by the humble lemonade stand.
A credit tenant loan (CTL) is typically structured as a loan secured by the real estate pledged as collateral, with or without personal borrower guarantees, and, most importantly, the obligation of a credit-rated tenant of that real estate to pay rent. But we feel that CTLs offer communitybanks profitable lending opportunities.
This year’s winners: Left: Central Valley CommunityBank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional CommunityBank Service Award; Right: Cross River Bank, Emerging Service Program Award. Exceptional CommunityBank Service Award. Kennebec Savings Bank.
How can community financial institutions thrive in 2021? Communitybanks provide unique and important banking services for their customers, but they also face significant obstacles. Takeaway 1 Communitybanks play an important role in the economy and their communities, but they face significant obstacles.
Independent Banker’s annual listing top-performing communitybanks of 2021 alongside interviews with some of the winners. In true communitybank fashion, each has its own story to tell and its own path to success. In true communitybank fashion, each has its own story to tell and its own path to success.
Community continuation is not about checking a regulatory box; it means putting a name to the people who will be the future of our banks. In our bank, we have retired the phrase “succession planning” and replaced it with “community continuation.” A checklist for effective community continuation. My Top Three.
Communitybanking can be one of the most rewarding and most challenging areas of financial services in which to work — that’s the view, anyway, of Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America (ICBA) , who recently joined the nation’s leading advocacy organization that exclusively represents communitybanks.
Connect with an expert Common fraud schemes Check fraud Check fraud is one of the most concerning fraud trends for communitybanks in 2025. These could be held in a local branch lobby, community center, or place of worship. Let our Advisory Services team help when you need it. Start or enhance a customer fraud prevention plan.
Communitybanks have a choice about addressing the problem: Remain vulnerable or be vigilant. Fraud and cybercrimes continue to increase, causing challenges for communitybanks. But there’s plenty communitybanks can do to meet this challenge. Here are some ideas for strengthening fraud defenses.
Together, the companies are launching RegalOne, an application that provides integrated virtual cards to the corporate customers of regional and communitybanks. The app will leverage Mastercard In Control for Commercial Payments, letting communitybanks provide a white-labeled accounts payable platform for their corporate customers.
Communitybanks are voicing their frustration with what they say is a lack of competition in the market for corporate bank technology providers, reports in The Wall Street Journal said Thursday (April 11). ” Fiserv, FIS and Jack Henry have secured 90 percent of U.S.
Small business credit analysis company PayNet is linking up with a communitybank to streamline SMB lending for the institution. In another statement, BNB Bank EVP and Chief Lending Officer Kevin L. . ” Analysis has also found that communitybanks are playing a larger role in small business lending.
is set to see its first new communitybank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. With clearance to move forward with its plans, the communitybanking landscape will see its first new industry player in years.
My bank’s tagline is ‘Where dreams meet solutions,’ and it serves as my guiding inspiration at the bank and, now, at the national level. As community bankers, our customers depend on us to keep their dreams alive. Thankfully, that glass-half-full attitude comes naturally for community bankers. We’re more than just banks.
MOXY bank , preparing to be one of the first new communitybanks to launch in the U.S. in decades, has announced that it is working with technology solutions company NYMBUS to integrate its core digital banking and payment services.
With the funding, the bank plans to invest in its digital capabilities, providing services that include mobile deposits, secured and unsecured commercial loans, letters of credit and consumer loans. Bank CEO Ed Jones wants Gulf Capital to model communitybanking relationships, in which […].
In today’s banking world, communitybanks are focused sharply on shareholders’ expectations for growth in earnings and return on equity. So, how can communitybanks support earnings and ROE growth in the face of intense regulatory scrutiny and competitive pressures on profitability? Changing Lending Environment.
Community financial institution (FI) Cross River Bank is acquiring Seed , a small business (SMB) digital banking company, reports in Reuters said on Monday (June 24). Cross River Bank has partnered with a range of FinTech startups since its 2008 launch, including collaborations with Stripe , Coinbase and Affirm , reports said.
Let’s rediscover what it means to be community bankers. Because as community bankers, it’s what we do. That just may be community bankers’ word of the year. ICBA helps communitybanks in many ways, but here are the three I plan to take advantage of this year: ThinkTECH Accelerator cohorts. My Top Three.
Still, the majority of banks have now eliminated two possible scenarios: 1) Best case scenario – that nothing will change from February 2020; and 2) Worst case scenario – that the pandemic will not end in the foreseeable future and banks should avoid loans and invest in riskless securities.
Data security is also a major concern. Addressing bankers worries about utilizing AI-powered tools, Kirby reassures, Yes, its secure. Abrigo knows better than to mess around with data privacy in banking. These tools are built with data encryption, robust access controls, and compliance baked in from the start.
Julieann Thurlow, CEO of Reading Cooperative Bank, hopes other ICBA member banks will support the CHUCK payment network. A different kind of peer-to-peer payment service is now available, “built by communitybanks for communitybanks.”. Julieann Thurlow, Reading Cooperative Bank. CHUCK network.
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.
Smiley Technologies, a core banking provider focused on communitybanks, is trying to help its bank clients secure larger deposits by partnering with deposit technology company Reich & Tang.
ICBA’s BankSecurity Institute offers critical incident response strategies to keep your physical branch location safe. The pandemic forced industries to accelerate their adoption of digital applications, and communitybanking was no exception. In August, ICBA hosted the BankSecurity Institute.
The Clearing House’s RTP finds expansion within the communitybank arena, while abroad, the Bank of Thailand is planning its own infrastructure development to accelerate B2B payments. RTP Gains CommunityBank Traction. In the U.S., And when it comes to legacy rails, the U.S.
The right technology tools can help institutions manage both regulatory compliance and risk exposure across various investment types, including fixed-income securities, structured notes, derivatives , and funding instruments. You might also like this on-demand webinar, "Winning the deposit game."
However, that publication, directly and indirectly, identified three discrete risks affecting communitybanks. We will outline what we think community bankers should glean from this publication. Risks to the CommunityBanking Sector Moody’s identified three risks to the banking sector, including risks to communitybanks.
Takeaway 2 Regulations haven't been written, but there are steps community financial institutions can take now to prepare. Currently, the accompanying regulations have not been written, so what should community financial institutions take away from these priorities now? financial system and national security. financial system.
Community bankers need to understand their competitive landscape. Who the competition is, what the lending competition is offering, their delivery channels, and service levels can help communitybanks differentiate their services and enhance their competitive advantage.
Communitybanks have solid competitive advantages when competing against insurance companies (primarily life insurance companies or “Lifecos”) and commercial real estate securitization conduit lenders (CMBS) for commercial borrowers. How Banks Can Compete Against Insurance Companies and CMBS. Solution Parameter. Differentiation.
Morgan Chase, Bank of America, etc. — and the digital challenger banks. By contrast, he said he believes communitybanks run the risk of being left behind unless they partner quickly and wisely with the right technologists and raise their digital game.
There’s another side to contactless that moves beyond convenience and ties into security. And that is something that merchants, as well as communitybanks and credit unions, must be prepared for.”. He stated that near-field communications (NFC) also had been a useful tool in combating fraud. Getting Prepared.
To regain some of that ground, Connie Davis, senior vice president at FIS , told PYMNTS in a recent interview, FIs — particularly credit unions (CUs) and communitybanks — must transform the way they think about digital offerings and connected experiences. That means they can compete more effectively against digital-only competitors.
PYMNTS' latest Real-Time Payments Report done in collaboration with The Clearing House looks at the matter through numerous use cases, none more informative than that of New Jersey-based communitybank Cross River , with its enthusiastic embrace of real-time payments (RTP). If only enthusiasm were enough. It was quite a bit of work.
We continue this theme of major drivers of loan and bank profitability and discuss the importance of cross-selling and upselling, and its impact on bank performance. In a future article we will discuss how community bankers may structure their commercial loan products to maximize cross-selling and upsell opportunities.
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