Independent Banker

SEPTEMBER 25, 2014

This is particularly true for community banks preparing to undergo their next regulatory safety and soundness or compliance examination. As David Barr, spokesperson for the FDIC, points out, “a vast majority of community banks remain well-rated and exhibit satisfactory corporate governance programs and compliance management systems.”.

Compliance 101

Compliance Regulation Community Bank Community 101

CFPB Monitor

MAY 16, 2022

Small business lending—assessing whether there are disparities in application, underwriting, and pricing processes, redlining, and whether there are weaknesses in fair lending-related compliance. Student loan origination—lender’s policies and practices in underwriting or pricing.

Lending 148

Lending Report Memphis Tennessee 148

CFPB Monitor

JULY 27, 2016

Department of Justice of charges that the bank’s mortgage lending practices violated the Equal Credit Opportunity Act and Fair Housing Act by redlining majority-minority neighborhoods in the Memphis MSA and illegally discriminating against African Americans in the underwriting and pricing of certain mortgage loans.

Memphis 60

Memphis Policies Lending Compliance 60

Independent Banker

OCTOBER 29, 2014

SunMark also recently instituted digital backup that moved its backup systems to a remote location in Memphis, Tenn. The location makes it more likely that the same physical disaster won’t affect both the main bank and the backup site while the conversion also gives SunMark the ability to immediately retrieve information.

Community Bank 87

Community Bank Community Training Security 87

Independent Banker

JUNE 30, 2022

Self Financial handles the technology, including access to online accounts and an app, as well as marketing aspects of the program, and Lead Bank provides the compliance and access to the banking system. It is available to consumers in all 50 states. Why did this program help propel Lead Bank onto Independent Banker’s Top Lenders list?

Community Bank 172

Community Bank Community National Philadelphia 172

CFPB Monitor

OCTOBER 26, 2021

The DOJ, CFPB, and OCC, announced they had entered into agreements with Trustmark National Bank (TNB) to resolve allegations that TNB engaged in lending discrimination by redlining predominantly Black and Hispanic neighborhoods in Memphis, Tennessee. It currently operates 22 branches in the Memphis metropolitan area.

Mississippi 78

Mississippi Memphis National Tennessee 78