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Clear Mountain Bank reaches new heights

Independent Banker

The West Virginia community bank is helping small-business customers get the financing they need while continually seeking new ideas to plan for its own future. Clear Mountain Bank is embracing flexibility, innovation and collaboration as it continues its ascent as a small-business connector in West Virginia.

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What SEC Filers Have Learned About CECL Implementation

Abrigo

Ours, who is Senior Vice President and Director of Credit Administration of Summit and its 32-location bank subsidiary, Summit Community Bank Inc., Ours said that for Summit Community, which decided to use the cohort methodology, which is a loss migration approach, the choice came down to the availability of quality data. “We

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How Diversified Revenue Streams Impact Ag Borrowers

Abrigo

“It’s important to know the long-term pros and cons, and the unintended consequences so that everyone walks away educated not only on what these opportunities bring, but also on what the impacts could be on the operation and long-term land values,” he says. Diversification through renewable energy.

Lending 195
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Rebeca Romero Rainey: We flourish in times of change

Independent Banker

“When community bankers join their voices, they are a powerful force, taking the industry to new levels.”. For years, ICBA has advocated for the Federal Reserve to play an operational role in real-time payments. A Fed-operated real-time settlement system means there will be industry-wide access to real-time payments.

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Trade groups take aim at CFPB’s expansion of UDAAP authority

CFPB Monitor

The four groups are the American Bankers Association, the Consumer Bankers, the Independent Community Bankers of America, and the U.S. Supreme Court’s decision on June 30, 2022 in West Virginia v. Chamber of Commerce.

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Banking's Total Return Top 5: 2016 Edition

Jeff For Banks

billion of assets and operates eleven branches in the metropolitan Milwaukee market, a loan production office (LPO) in Minneapolis, Minnesota, and 45 mortgage banking offices in 21 states. million, than it has in operating expense, at $95.0 Summit also operates an insurance subsidiary. Annual operating expenses were $36.6

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Banking's Top 5 in Total Return to Shareholders: 2017 Edition

Jeff For Banks

billion of assets and operates twenty five branches in the western suburbs of Chicago. 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.