South State Correspondent

DECEMBER 12, 2024

Should borrowers pay commercial loan points to lower future interest payments? Loan or mortgage points are upfront fees paid by the borrower to the lender to reduce the interest rate on a loan or mortgage. For example, assume that a borrower is considering a loan, structured as a 25-year amortization, due in ten years, at 7.00% fixed rate. For this loan, the bank should be able to accept a $36k upfront fee to lower the payment on the loan by 50bps to 6.50%.

Taxes 195

Taxes Examples Payments Analysis 195

Gonzobanker

DECEMBER 12, 2024

The stage is set for a massive leadership transition that will reshape the foundation of the banking industry. Picture this: atidal wave of change comes crashing over the financial services industry, sweeping away the old guard and ushering in a new era of leadership. Fiction? Not if you trust various Industry experts who predict that half of all board and senior management positions will turn over to fresh facesby the end of 2025.

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Leadership Industry Strategy Examples 78

South State Correspondent

DECEMBER 12, 2024

If you are conducting bank strategy or marketing around demographic information, at best you are being lazy and ineffective. At worst, you are being sexist, ageist and a bunch of other names that can hurt your culture and reputation while wasting your marketing budget. In this age of data, getting to the Holy Grail of marketing understanding the intent of what the customer is a three-month project away.

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social media Tools Marketing Data 195

American Banker

DECEMBER 12, 2024

Banks that don't focus on credit cards for this market may find larger banks and fintechs are eating their lunch.

Cards 77

Cards Fintech Marketing Community Bank 77

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Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.

Operations

William Mills

DECEMBER 12, 2024

The highly anticipated Wicked film is more than just a blockbuster adaptation of a Broadway classicits a masterclass in thoughtful storytelling, an exploration of complex relationships, and a testament to the power of embracing individuality.

Strategy 67

Strategy 67

ABA Community Banking

DECEMBER 12, 2024

The banking industry reported net income of $65.4 billion in the third quarter of 2024, a decrease of $6.2 billion, or 8.6%, from the prior quarter, according to the FDIC. The post Quarterly Banking Profile: Banking net income $65.4 billion in Q3 2024 appeared first on ABA Banking Journal.

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FDIC Industry Report Community Bank 52

American Banker

DECEMBER 12, 2024

Execs from U.S. Bancorp and Key bank discuss how emerging technology makes it easier to replicate the near invisible checkout that car-sharing riders enjoy.

Payments 73

Payments Technology Fintech 73

The Financial Brand

DECEMBER 12, 2024

This article Payments in 2025: 5 Strategic Priorities for Bank Execs appeared first on The Financial Brand. The widespread adoption of digital payments is not just a shift in channels or platforms. It may represent an existential threat to retail banking. This article Payments in 2025: 5 Strategic Priorities for Bank Execs appeared first on The Financial Brand.

Payments 15

Payments Branding Retail Cards 15

American Banker

DECEMBER 12, 2024

The Department of Justice is trying to fix a system that isn't broken. The better move would be to allow the ruthlessly competitive payments marketplace to generate new and better products.

System 41

System Payments Compliance Regulation 41

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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

Groups

The Financial Brand

DECEMBER 12, 2024

This article EY Banking Chief: The Banking Industry Must Build New Capabilities to Survive appeared first on The Financial Brand. EY's global banking leader discusses how embedded finance, geopolitical uncertainty, and payment innovation are reshaping the industry's competitive landscape. This article EY Banking Chief: The Banking Industry Must Build New Capabilities to Survive appeared first on The Financial Brand.

Industry 15

Industry Branding Innovation Payments 15

American Banker

DECEMBER 12, 2024

Walmart is pouring more firepower into its fledgling financial venture, signaling its ambition to wade deeper into financial services.

Fintech 41

Fintech 41

The Financial Brand

DECEMBER 12, 2024

This article The AI Tipping Point: How Banks Will Drive Real Results in 2025 appeared first on The Financial Brand. As this year draws to a close, AI's momentum continues to build as early adopters see tangible results from their investments. This article The AI Tipping Point: How Banks Will Drive Real Results in 2025 appeared first on The Financial Brand.

Branding 15

Branding Google 15

American Banker

DECEMBER 12, 2024

Shortly after UnitedHealthcare CEO Brian Thompson was gunned down in front of the New York Hilton, previously published reports began surfacing about

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New York Report Technology 36

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Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment

Community Bank

The Emmerich Group

DECEMBER 12, 2024

Ready to build a high-performance culture? Click here to watch our exclusive masterclass and discover proven strategies for driving excellence in your organization. This week, I want to talk about getting rid of the crazy. Almost every workplace has a little bit of crazy going on: gossip, whining, excuses, blaming, and pot-stirring. Almost every executive team I talk to when I ask them what has been going on will tell me, You know, we have big things to do, yet we’re still acting like four

Video 36

Video Strategy Operations How To 36

American Banker

DECEMBER 12, 2024

The Federal Deposit Insurance Corp.'s Q3 Quarterly Banking Profile report highlighted net bank income falling 8.6%, but also showed slow delinquency growth in commercial real estate and core income metrics improving across the banking sector.

FDIC 36

FDIC Report Compliance Regulation 36

American Banker

DECEMBER 12, 2024

Orange Bank and Trust in Middletown says it will operate as a boutique commercial bank, focusing on small business, nonprofits and the borough's sizzling housing construction market.

New York 36

New York Operations Marketing Community Bank 36

American Banker

DECEMBER 12, 2024

The Canadian bank received approval from the Federal Reserve to increase its ownership stake in KeyCorp to up to 14.9%.

Strategy 28

Strategy 28

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Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.

Lending

American Banker

DECEMBER 12, 2024

After the Toronto-based bank faced record penalties in the U.S., it made new disclosures about its anti-money-laundering compliance obligations in Canada, where critics say regulators have been too lax.

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Compliance Regulation 36

American Banker

DECEMBER 12, 2024

Brian Brooks, former acting Comptroller of the Currency in the first Trump administration and advisor to the President-elect's transition team, said new agency heads will open up commercial real estate lending, approach credit risk management differently and privatize Fannie Mae and Freddie Mac.

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Regulation Risk Management Lending Management 31

American Banker

DECEMBER 12, 2024

The Arkansas Republican pledges to reduce excessive regulation and align financial policies with GOP goals.

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Arkansas Policies Regulation Compliance 36