Independent Banker

FEBRUARY 28, 2023

Photos by Luke Copping Photography BankOnBuffalo has hit the road with its new mobile bank, BankOnWheels, to meet the needs of underserved communities. We are providing banking options in areas that have been known as ‘bank deserts,’ which is very important to us as a community bank.” By William Atkinson Name: BankOnBuffalo Assets: $1.1

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Gonzobanker

SEPTEMBER 21, 2023

NYMBUS secured Series D financing (led by Insight Partners), partnered with Hurdlr for small business banking; with Atty Bank, Saint Louis Bank ’s legal community bank; and with Roger, Citizens Bank of Edmond ’s military niche bank. Core10 secured a Series B funding round led by Patriot Financial Partners with JAM FINTOP and the ICBA.

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Fintech Software Illinois Lending 103

PYMNTS

JANUARY 4, 2017

Among the new firms on the roster, in alphabetical order: Enrichment Federal Credit Union, First Security Bank of Arkansas, Marion & Polk Schools Credit Union, Merchants Bank of Indiana, Northern Michigan Bank & Trust, Ohnward Bank and Trust, Postel Family Credit Union, River Cities Bank, River Town Bank, Simplicity Credit Union, SouthPoint (..)

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Independent Banker

OCTOBER 31, 2022

ITMs and VTMs are popular retail banking innovations among community banks. We spoke with two community banks that have ramped up their services to meet—and exceed—the changing expectations of customers. Community banks are constantly looking to the future and identifying what customers want. Jeff Versluys, One Community Bank.

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Independent Banker

DECEMBER 31, 2021

community bankers at Apex Bank jumped into action to help their neighbors. Community banks go above and beyond the call of service to their communities in various ways. Apex Bank was among those leading the recovery efforts in its community. Being there for the community. “I When storms hit Waverly, Tenn.,

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PYMNTS

JULY 10, 2020

The need for both innovation and security comes at a time when open banking is gaining a foothold in the United States due in part to the pandemic. It’s been a coordinated effort — regulatory-driven, highly standardized and thrust upon the banking community. Regulation Vs. Market Forces. Cohen said. In the U.S., Checks And Balances.

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Data Innovation Fintech Illinois 272

Independent Banker

JUNE 30, 2022

Last year, community bank 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. Security Bank Midwest. By Ed Avis.

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PYMNTS

MARCH 25, 2019

The Kraninger-proposed rollback of the aforementioned underwriting requirements came last month, and several trade groups, such as the Community Financial Services Association of America, had asked Judge Yeakel to delay compliance dates until the underwriting rollback had been completed. This is still illegal federally.”

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Independent Banker

JANUARY 31, 2022

Due to its dedication to community and loyal employees, the community bank has become a well-known pillar of the city. The community bank and its staff have long-standing, time-tested roots. “It just gives me a good feeling in my heart knowing that I can help people.”. A pillar of the community. Photo by Jim Roberts.

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Community Community Bank Illinois Examples 91

Independent Banker

SEPTEMBER 30, 2021

The number of money mule schemes affecting community banks is increasing, in part because of the pandemic. Here’s how two community banks are protecting their customers from falling victim to fraud. More and more community banks are having to deal with money mule schemes targeting unsuspecting customers. By William Atkinson.

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Independent Banker

MAY 31, 2022

community bank during the pandemic. The community bank, which was started de novo in 2006, already had numerous commercial clients in the city; they had been referred by existing customers of Providence Bank’s five existing locations, clustered about 45 minutes east of Raleigh. We thought COVID would be a two- or three-week shutdown.”.

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Abrigo

MARCH 31, 2020

Key Takeaways The Small Business Administration (SBA) and Treasury Department released information on how lenders can become eligible to originate Paycheck Protection Program loans under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Independent contractors and self-employed people can begin applying April 10.

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Independent Banker

APRIL 28, 2016

There is no secret sauce to our community bank’s recent strong performance. The housing market in central Illinois has remained strong, and Goodfield State Bank has focused on residential real estate. They are active in the communities that the bank serves, working closely with the Realtors and home builders. ROAA in 2015: 2.27

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Independent Banker

FEBRUARY 24, 2016

Illinois bank launches insurance premium financing sideline. In an era of exceptional competition with tight interest margins, many community banks are attempting to tap new lines of business. Triumph Community Bank in Moline, Ill., billion-asset community bank operates. Graft, Triumph Community Bank. “We

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Independent Banker

AUGUST 26, 2015

Expanding IT security safeguards to cover physical devices. With the prevalence and importance of Internet-enabled devices increasing nearly everywhere, community banks should remember to expand the scope of their security policies and network monitoring to cover their hardware, according to computer security experts.

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Independent Banker

JULY 1, 2015

In Delaware’s local business community, David Ferguson is known as someone who “knows his stuff,” particularly when it comes to commercial lending. As vice president of commercial lending for Artisans’ Bank, what sets him apart as a community banker, however, is his passion for sharing his knowledge with colleagues.

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Independent Banker

SEPTEMBER 21, 2015

imberly Anderson, senior vice president and chief administrative officer of Cañon National Bank in southern Colorado, became her community bank’s loan compliance officer in 2003. Over the next three years, Anderson enrolled in all three of Community Banker University’s in-depth compliance certification training programs. By Ed Avis.

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Compliance Community Bank Community Training 70

Independent Banker

OCTOBER 29, 2014

Big-brand megabanks, the Visa and MasterCard networks, and big-box merchants had signed up to become partners with Apple’s universal retail smartphone app that uses Near Field Communication and tokenization technologies. So where do ballyhooed mobile banking and payments developments among the biggest players leave community banks?

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Independent Banker

DECEMBER 13, 2015

Certain mobile functions and features are essential to the success of a community bank’s mobile banking offerings. Newfangled mobile capabilities could help community banks stand apart from their competitors. Share of community banks and credit unions offering the following mobile banking features and functions: 84%.

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Independent Banker

SEPTEMBER 30, 2021

Building trust in your institution has a lot to do with technology, from implementing strong data security practices to humanizing your online customer interactions. But for most community banks, building a trustworthy brand isn’t a conscious effort. But for most community banks, building a trustworthy brand isn’t a conscious effort.

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Independent Banker

NOVEMBER 24, 2015

Certain mobile functions and features are essential to the success of a community bank’s mobile banking offerings. Newfangled mobile capabilities could help community banks stand apart from their competitors. Share of community banks and credit unions offering the following mobile banking features and functions: 84%.

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PYMNTS

AUGUST 24, 2018

“Gambling is an addiction very similar to drug addiction, so having increased availability is going to be easier to gamble and it will cause some additional challenges for the community,” Paula Cosby, external affairs director, Montgomery County Alcohol, Drug Addiction and Mental Health Services in Ohio, told a local reporter.

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PYMNTS

OCTOBER 11, 2017

Proceeds go toward restocking the market and making it (or one similar to it) available in other communities where it’s needed. Finally, she lobbied legislators and secured $1.5 Shoppers at the Corner Market can pay with cash, credit, debit and EBT cards. Food Desert Gets Its Just Desserts.

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Jeff For Banks

DECEMBER 19, 2015

through its subsidiary BNC National Bank, offers community banking and wealth management services in Arizona, Minnesota, and North Dakota from 16 locations. It also conducts mortgage banking from 12 offices in Illinois, Kansas, Nebraska, Missouri, Minnesota, Arizona, and North Dakota. BNCCORP, Inc. OTCQX: BNCC) BNCCORP, Inc.,

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Jeff For Banks

DECEMBER 18, 2014

They are built as a relationship bank serving the Korean community in LA and surrounding areas. through its subsidiary BNC National Bank, offers community banking and wealth management services in Arizona, Minnesota, and North Dakota from 14 locations. Please do not claim to invest in any security based on what you read here.

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Jeff For Banks

DECEMBER 12, 2016

billion in asset company headquartered in West Virginia, providing community banking services primarily in the Eastern Panhandle and South Central regions of the state, and the Northern and Shenandoah Valley regions of Virginia. Please do not claim to invest in any security based on what you read here. Summit Financial Group, Inc.

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Jeff For Banks

DECEMBER 12, 2017

Nasdaq: OSBC) Old Second is a single-bank holding company headquartered in Aurora, Illinois. billion in asset company headquartered in West Virginia, providing community banking services primarily in the Eastern Panhandle and South Central regions of the state, and the Northern and Shenandoah Valley regions of Virginia. BNCCORP, Inc.

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Fintech Labs Insights

SEPTEMBER 1, 2016

HQ: Evanston, Illinois. Distributed ledgers for financial community. Tags: Institutions, analytics, BI, compliance, security. Source: Crunchbase. Online payment service. Latest round: $15 million Series B. Total raised: $15 million. Source: Crunchbase. Mobile insurance broker. Latest round: $14.75 million Series A.

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New York City Company Fintech Comparison 18

Jeff For Banks

DECEMBER 29, 2021

The bank was founded in 2006 and operates 19 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. Please do not claim to invest in any security based on what you read here. (Nasdaq: MCBS) MetroCity Bankshares, Inc., I'm sure that strategy works well.

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Fintech Labs Insights

MAY 21, 2015

Online network for private equity community. HQ: Chicago, Illinois. Pro Securities LLC (no website). Tags: Security, fraud protection, big data, Finovate alum. Source: Finovate. Payments via facial recognition. HQ: Bejing, China. Latest round: $25 million. Total raised: $47 million. Source: NFC World. EDO Interactive.

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Fintech Labs Insights

MARCH 22, 2016

HQ: Chicago, Illinois. Community platform for investors. Tags: Financial institutions, enterprises, security, fraud prevention, Wipro (strategic investor), Finovate alum. Personal loans repaid by share of income. Latest round: $31 million ($6 mil Equity, $25 mil Debt). Total raised: $31.85 million including $25 million debt.

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Company Fintech New York City Lending 12

Abrigo

FEBRUARY 24, 2020

Despite Federal ambiguity, Illinois State Regulators defined their stances on cannabis banking. One of the biggest questions concerning Illinois Bank Secrecy Act (BSA) and AML professionals is how to handle cannabis and marijuana-related businesses (CRB/MRB) in a constantly changing legal landscape. Illinois State Banking Regulators.

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Jeff For Banks

APRIL 14, 2022

Bye Bye Banks: The End of Community Banking as an Engine of Economic Growth 2010 Robert H. McCoy McCoy, John B. Here's the Deal: How the McCoys Built America's Most Admired Bank One Acquisition at a Time 2018 John B. McCoy McCoy, John B. Bottomline Banking: Meeting the Challenges for Survival & Success 1993 Thomas K.

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