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Small banks: Big challenges and big opportunities

Abrigo

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. How can community financial institution leaders manage their challenges and seize their opportunities at the same time?

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Regulator: Failed Kansas bank 'victim of a scam'

American Banker

Kansas Banking Commissioner David Herndon told American Banker that his agency declared Heartland Tri-State Bank insolvent because of a "very sudden" event that crippled the bank financially.

Kansas 53
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Federal Reserve To Launch FedNow Instant Payments System 

PYMNTS

The move was described by Kansas Federal Reserve President Esther George as the biggest infrastructure upgrade embraced by the Federal Reserve since the ACH system went online in 1972. The Federal Reserve has officially announced it will create a real-time payments service, to be called FedNow.

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Lime Raises $310M For Micromobility Expansion

PYMNTS

The company also plans to focus on safety issues , and pledged to work with regulators around the world on the issue. It’s only through new and existing partnerships with local governments that we are helping communities to elevate micromobility in public policy development,” the company said. Louis Scooter Safety Task Force.

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Why Kansas bank failure did not raise alarms for industry

American Banker

Regulators noted the demise of Heartland Tri-State Bank involved an isolated problem. Industry observers cautioned against prediction of more failures to follow, saying second-quarter earnings show community banks generally remain in sound financial health.

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How to Measure Interest Rate Risk Effectively in Banks & Credit Unions

Abrigo

Takeaway 1 Regulators stress sound risk management practices that include the ability to identify and measure interest rate risk (IRR). Regulators have repeatedly stressed the importance of sound risk management practices that include the ability to identify and measure interest rate risk. EVE Analysis.

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Congress Presses Fed On Real-Time Payments Plan

PYMNTS

Despite some previous pushback, the Fed, represented by Federal Reserve Bank of Kansas City President and Chief Executive Officer Esther L. George, was met with widespread support from her fellow witnesses. Accessibility Beyond Big Banks.

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