Independent Banker
JANUARY 31, 2022
Ken Finley, president of Johnson City Bank, in downtown Johnson City with Shannon Sultemeier, executive vice president (left); and Brenda Haynes, vice president/cashier (right). Photo by Dennis Burnett. With the record growth of San Antonio, Houston and Austin, southern Texas is becoming a hub for business. Here’s how four community banks are thriving in this environment.
BankBazaar
FEBRUARY 3, 2022
Is your Credit Score good enough to get a loan at competitive rates? Find out. There’s nothing like a good Credit Score to talk you up to a potential lender. A good Credit Score gives a prospective lender confidence in your ability to repay a loan or hold a Credit Card responsibly by proving your creditworthiness. Your Credit Score is a three-digit numerical denotation, ranging anywhere between 300 and 900, which is computed based on a detailed analysis of your credit repayment history, total nu
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Accenture
FEBRUARY 2, 2022
There’s more data available to banks than ever before. So why aren’t they using it to drive growth? Most commercial banks know that making better use of their data would have a significant impact on their business. As I discussed in my first post in this series, data can be used to improve a bank’s…. The post What’s threatening data-driven growth for banks?
Perficient
JANUARY 31, 2022
We shouldn’t be that surprised. A couple of weeks ago, Crypto.com, one of the fastest-growing cryptocurrency platforms, was hacked on January 17, 2022. One area mentioned by the company as an issue was a gap in its multi-factor authentication (MFA) system. A statement issued by Crypto.com on January 20th said, “transactions were being approved without the 2FA authentication control being inputted by the user,” and the company allowed the transactions to go through without the users providing the
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
Independent Banker
JANUARY 31, 2022
Southern Bancorp partners with other community banks to increase loan accessibility and financial literacy to low-income customers. Photo by Dero Sanford. As CEO of Southern Bancorp, Darrin Williams wants to promote relationships between community banks and CDFIs to create more prosperous communities. By Judith Sears. Name: Southern Bancorp. Assets: $2 billion.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
FEBRUARY 2, 2022
The U.S. Court of Appeals for the Fourth Circuit recently ruled that a mortgage servicer violated the Maryland Consumer Debt Collection Act (MCDCA) by charging a $5 convenience fee to borrowers for monthly payments made by phone or online. In Alexander v. Carrington Mortgage Services, LLC , the plaintiffs filed a class action complaint against Carrington, their mortgage servicer, challenging the convenience fees in which they alleged that the servicer had violated Section 14-202(11) of the MCDCA
SWBC's LenderHub
JANUARY 31, 2022
Last Week. What do you get when you cram a historic FOMC meeting, a geopolitical crisis, and a global pandemic into one week? A bloody mess, that’s what!
Independent Banker
JANUARY 31, 2022
Photo by Pogonici/iStock. With consumer expectations seeming to evolve faster every year, community banks could consider partnering with a fintech to keep up with technological innovation. By Elizabeth Judd. Quick Stat. 71%. of bankers are either strongly interested in or already working with fintechs in digital account opening. Source: Cornerstone Advisors.
BankBazaar
FEBRUARY 2, 2022
Description: While a Credit Card is a wonderful tool for enhanced liquidity, irresponsible usage can wreak long-term damage. Here’s how to keep your card usage in check to maximise the benefits of owning a Credit Card. A Credit Card is a wonderful tool to get some extra liquidity. It gives you precious extra cash cover. Most importantly, it allows you to borrow money with an interest-free period.
Advertiser: ZoomInfo
Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.
CFPB Monitor
FEBRUARY 3, 2022
The U.S. Court of Appeals for the Third Circuit recently ruled that the application of Pennsylvania usury laws to vehicle-secured loans made to Pennsylvania residents who travel outside of Pennsylvania to obtain such loans does not violate the Commerce Clause of the U.S. Constitution. The decision could have significant implications for all providers of consumer credit whose operations involve cross-border lending.
BankUnderground
FEBRUARY 1, 2022
Marco Pinchetti and Andrzej Szczepaniak. It is certainly not a mystery that the Fed’s monetary policy is of great importance for financial markets and the global economy. However, in a recently published Staff Working Paper , we show that the Fed’s monetary policy measures are not the only valuable piece of information contained in the Fed’s announcements.
Independent Banker
JANUARY 31, 2022
Photo by Robert Severi. It’s hard to put my finger on exactly what makes ICBA LIVE so special, but I believe it is in a shared sense of purpose that arises whenever community bankers convene. It has been two years since we last came together in person at ICBA LIVE, and I cannot wait for this year’s convention. While virtual events have provided connection, learning and development, there’s something so special about assembling with our communities, where the energy is palpable and we are inspire
ATM Marketplace
FEBRUARY 4, 2022
Touchless technology can help ease employees back into the workplace.
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Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.
BankUnderground
FEBRUARY 3, 2022
Alongside our multi-year ‘Bank of England Agenda for Research’, the Bank also publishes a set of ‘Priority Topics’, which change each calendar year. The new 2022 Priority Topics are now available on the Bank’s website (see ‘2022 Priority Topics’ under each theme). Rebecca Freeman, Managing Editor.
Independent Banker
JANUARY 31, 2022
Despite the large number of PPP loans distributed to small businesses, funding didn’t always reach those who needed it the most. These community banks are working to fix that through microlending programs. By Beth Mattson-Teig. One of the harsh realities revealed by the flood of Paycheck Protection Program (PPP) money distributed in 2020 and 2021 is that many businesses and entrepreneurs in need of small-balance loans fell through the cracks.
ATM Marketplace
FEBRUARY 1, 2022
It seems like Bitcoin ATMs exploded overnight. While previously only concentrated in big cities, now I see them everywhere in places ranging from gas stations to used games stores. These Bitcoin ATMs are no mere fad; in fact, they will be an enduring trend for some time for a few reasons.
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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.
CB Insights
FEBRUARY 1, 2022
Global blockchain deals and dollars shattered records in 2021. Funding grew 713% year-over-year as investors poured money into crypto and NFT startups. In our State Of Blockchain 2021 Report, we dig into global investment trends to spotlight takeaways like: What drove the biggest year in blockchain funding yet — and what’s on the horizon. The record unicorn count, unicorn birth trends, and the highest-valued startups to close out the year.
Independent Banker
JANUARY 31, 2022
ICBA has a growing network of people and resources community banks can tap into as they continue their innovation journeys. The ThinkTECH Accelerator is one of several initiatives underway this year to foster community bank-enabled fintech partnerships. By Charles Potts, ICBA. The collaborative process is critically important to what we do at ICBA and to the future of community banking.
TheGuardian
JANUARY 31, 2022
Multimillionaire politician and family to forfeit funds arising ‘from criminal conduct and money laundering’ A multimillionaire Azerbaijani politician and his family have been ordered to hand over £5.6m of suspect funds brought into the UK via a complex money-laundering scheme nicknamed the “Azerbaijani laundromat”. A judge on Monday ordered that Javanshir Feyziyev and his family forfeit £5.63m held in various bank accounts after ruling the funds “arise from criminal conduct” and “money launderi
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
BankDeals
FEBRUARY 3, 2022
Michigan Schools and Government Credit Union has added a competitive 23-Month CD Special to its statewide product line. $500 minimum opening deposit.
Independent Banker
FEBRUARY 1, 2022
The banking industry remains in flux. 2021 introduced new challenges for traditional banks, from the added competition of digital-only entrants to shifting consumer banking behaviors and lingering fallout from the ongoing COVID-19 pandemic. However, there was one steadfast constant: the increased demand for digital banking experiences and rising digital expectations from consumers and businesses alike.
BankInovation
FEBRUARY 3, 2022
Deploying funny-sounding strategies like “sandwich trading,” bots have conquered much of the market for Ethereum-based digital tokens, scooping up hundreds of millions — if not billions — of dollars in trading profits over the years. Along the way, they’ve made enemies by front-running others’ transactions, something blockchain-fueled trading fundamentally permits.
Advertiser: ZoomInfo
In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.
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