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FDIC Quarterly highlights community bank performance in manufacturing states

ABA Community Banking

The latest issue of the FDIC Quarterly explores loan performance at community banks in five manufacturing-concentrated states: Indiana, Kentucky, Louisiana, Michigan and Wisconsin. The post FDIC Quarterly highlights community bank performance in manufacturing states appeared first on ABA Banking Journal.

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Banks Fighting SoFi’s Banking Charter

PYMNTS

The Independent Community Bankers of America, a trade group representing about 6,000 small banks holding almost $5T in assets, is lining up against SoFi, urging the Federal Deposit Insurance Corporation to reject its application to launch a banking unit.

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Deposits: Do you want a relationship or fries with that?

Jeff For Banks

They troll the web for best rate banks, assuming one depository with FDIC insurance is no better than another. First Internet Bank of Indiana is primarily a pure Internet play that does not enjoy the same brand splash as ING. Jeff BancVue’s comment letter to the FDIC [link]. At first, it was a pure Internet high cost money play.

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Top 5 Total Return to Shareholders: #4 Bank of the Ozarks

Jeff For Banks

Last post was dedicated to the #5 Bank, German American Bancorp of Jasper, Indiana (see post here ). Bank of the Ozarks began in 1903 as a small community bank in Jasper, Arkansas, and by 1937, included an additional bank in Ozark, Arkansas. I will review my top five in descending order. billion bank with a 3.60% ROA year to date.

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CFPB: Are They Coming to Get You?

Jeff For Banks

Shouldn't the CFPB work to address the impediments to starting a bank in LMI markets rather than punish community banks who scrambled to serve their customers when the economy shut down? Should communities today be concerned by the M&A activity taking place? The edited Q&A is below. The most efficient banks in the U.S.