Perficient

AUGUST 15, 2024

– These are the exact words (with a couple of expletives, that I cannot quote here) – a senior fund administrator from a large investment firm uttered when we were presenting about environment aware financial risk management. How does it impact me?

Risk Management 221

Risk Management Resources Regulation Community 221

Abrigo

OCTOBER 30, 2024

In addition, he noted, a recent consent order from the FDIC required an institution with assets below $1 billion to ‘establish satisfactory quality control procedures over the alert clearing and investigation process. Streamline case management processes. One of the largest areas for improvement in AML programs is case management.

Compliance 221

Compliance Training System Management 221

Gonzobanker

JUNE 14, 2023

Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act. In effect, Cross River is in time out.

Compliance 109

Compliance FDIC Strategy Fintech 109

Jeff For Banks

JANUARY 14, 2021

When I made that speech in 2008, there were approximately 8,500 FDIC-insured financial institutions and today that is around 5,000, a 40% decline. Banks and savings banks with greater than $10 billion in total assets control 86% of all FDIC-insured assets and 85% of deposits for the most recent quarter. It was a pretty alarming slide.

Community Bank 130

Community Bank Community FDIC Strategy 130

Abrigo

MAY 5, 2022

Thankfully for bank and credit union executives, lenders, risk managers, and Bank Secrecy Act (BSA) Officers, banking podcasts and podcasts for credit unions are plentiful, and options are growing.

Community 195

Community Lending Maine Resources 195

Abrigo

JUNE 2, 2021

FinCEN issued an advisory in 2014 highlighting the importance of a strong culture of compliance for senior management, leadership, and owners within financial institutions. This includes compliance from top, to middle, to frontline leadership. Leadership must actively support and understand compliance efforts.

How To 195

How To Training Compliance Policies 195

Gonzobanker

FEBRUARY 1, 2024

Concerns about successors to today’s executive leadership teams dominated many presentations. The FDIC Approved This Ad How many times did we hear a speaker admonish the audience to “be sure and sign up for the FDIC notification list.” While the mood felt upbeat and optimistic (maybe it was the sunny and mid-70s weather?),

Conference 88

Conference FDIC Arizona Industry 88

Gonzobanker

SEPTEMBER 26, 2024

According to the FDIC, the banking industry has roughly $2.5 So Gonzo bankers, as the industry kicks into strategic planning for 2025, leadership should consider the following questions: Human Capital What strategies are we undertaking to develop skills that drive value but are hard to replicate? trillion of capital today.

Capital 78

Capital Industry Branding FDIC 78

Jeff For Banks

DECEMBER 10, 2023

Although one might argue that First Citizens BancShares of Raleigh is a SIFI as it climbed to the 19th largest in the country with its Silicon Valley Bridge Bank acquisition from the FDIC, and that the FDIC designated SVB as systemically important. Nasdaq: TBBK) Founded in 2000, this $7.5 NasdaqGS: FCNC.A) In 1935, R.P.

Fresno 98

Fresno North Carolina Raleigh FDIC 98

Abrigo

FEBRUARY 8, 2024

Effective fraud risk management includes detection and fraud monitoring that should consider customer or member history and behavior. These events are a great way to show leadership and support to the community while having face time with customers, members, and prospects and maximizing time spent.

Fraud 195

Fraud Resources social media Software 195

Gonzobanker

MARCH 22, 2023

Irvine Sprague, Former FDIC Director So Gonzo Bankers … how many of us have been hesitant lately to check our iPhone each morning to see what trouble may have hit the fan in the financial world during a few restless hours of slumber? With the current situation, updates from leadership should be coming out at least weekly.

social media 78

social media Capital Risk Management Strategy 78

Jeff For Banks

NOVEMBER 23, 2013

Twenty years ago there were 14,000 FDIC-insured financial institutions. I think the answer to move our industry forward by establishing an accountability culture is to identify a few, transparent metrics that are consistent with strategy that hold managers accountable for continuous improvement. Today that number is cut in half.

Leadership 91

Leadership Louisiana Taxes Management 91

CFPB Monitor

DECEMBER 6, 2021

Prior to the issuance of the two new reports, the Bureau’s most recent report on overdrafts was issued in August 2017 under the leadership of former Director Cordray. Two earlier reports were issued in June 2013 and July 2014 , also under former Director Cordray.

Regulation 78

Regulation Policies FDIC Report 78

Jeff For Banks

AUGUST 2, 2021

He exemplifies the best of next generation bank leadership, with eyes wide open to the next iteration of banking in our rapidly changing environment. 2/ @Schornack The primary asset of the organization was Flagship Bank Minnesota, a Member FDIC and Equal Housing Lender with two locations in the Twin Cities Metro Area. million in 2020.

Community Bank 78

Community Bank Community Minnesota Metro 78

FICO

JANUARY 13, 2020

While current FCC leadership has tried to address some of the other issues implicated in the 2018 decision (e.g., Stakeholders point to the need for reforms to address currency transactions and suspicious activity reporting as well as a manageable approach to identifying beneficial owners of accounts.

Policies 52

Policies Las Vegas FDIC Washington 52

Jeff For Banks

OCTOBER 7, 2021

I can think of no reason why a bank would claim the mantel of brand leadership if they must routinely price up deposits or reduce loan yields or structures to get new customers. But they may not be in their operating account or some special purpose savings accounts where they want the FDIC insurance and efficient transaction processing.

How To 78

How To Conference Branding FDIC 78

Jeff For Banks

SEPTEMBER 10, 2011

In 1979, George Gleason, a 25-year-old attorney, purchased controlling interest and assumed active management of the bank as Chairman of the Board and Chief Executive Officer. Collectively, the management team built an Arkansas franchise rivaling the largest banks in the state. The company moved its headquarters to Little Rock in 1995.

Arkansas 64

Arkansas South Carolina FDIC Georgia 64

Independent Banker

DECEMBER 13, 2015

The second part measures cybersecurity maturity levels within five domains: cyber risk management and oversight; threat intelligence and collaboration; cybersecurity controls; external dependency management; and cyber incident management and resilience. For example: Who manages each piece? How is it secured?

Tools 70

Tools Community Community Bank Security 70

Independent Banker

NOVEMBER 24, 2015

The second part measures cybersecurity maturity levels within five domains: cyber risk management and oversight; threat intelligence and collaboration; cybersecurity controls; external dependency management; and cyber incident management and resilience. For example: Who manages each piece? How is it secured?

Tools 70

Tools Community Community Bank Security 70

Javelin Strategy & Research

SEPTEMBER 2, 2014

My 30 year career started in merchant e-commerce technology, with numerous product management/leadership/launch roles before moving over to product-innovation research some fifteen years ago. I have a lot to learn! I can’t get enough of innovation and digital strategy. Impossible? Definitely not. I’d like to hear from you.

Innovation 58

Innovation DC FDIC Strategy 58

Independent Banker

JUNE 30, 2022

But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Using FDIC data for 2021, we calculated a lender score out of 100 for each community bank. By Ed Avis. Methodology. Lee’s Summit, Mo. Asset size: $738 million.

Community Bank 172

Community Bank Community National Philadelphia 172

PYMNTS

OCTOBER 29, 2018

Facebook leadership underestimated the role that platform governance plays in keeping platforms alive and thriving – and it may be too little, much too late to turn things around. And that is a bank – one with FDIC insurance and safeguards that keep their money safe. The scariest thing for Facebook is the people who use it.

Payments 196

Payments Google Apple Innovation 196

Banking 2020

MARCH 10, 2015

According to FDIC Data Calls as outlined in the Forbes , in the 4th Quarter of 2014, traditional banks’ commercial loan portfolios saw a 3.1% Kyle Enger, known for his thought leadership in the world of relationship banking on the West Coast said it best, “Traditional banks have to embrace digital lending in their hometowns to compete.”.

Community 40

Community Lending Capital Conference 40

Independent Banker

MARCH 15, 2015

Yet his steady leadership is paired with a willingness to challenge the status quo cautiously to keep up with an evolving marketplace—a quality that appealed to the bank’s board when it promoted him from loan officer to bank president 25 years ago. FDIC Advisory Committee on Community Banking, member. Thoughtful action.

Ohio 70

Ohio Community Bank Community Lending 70

Abrigo

SEPTEMBER 14, 2022

You might also like this webinar: "Fortify Your Loan Policy to Effectively Manage Credit Risk." The data is intended to help the CFPB enforce fair lending laws and could also be used by the government and small business lenders to identify the needs of businesses, said Michelle Lucci, Abrigo Regulatory Compliance Manager. CRE Lending.

Lending 195

Lending Data Regulation Community 195

PYMNTS

JULY 15, 2016

But when it comes to a tactic that plays rope-a-dope with the facts about something, say as serious as whether or not China hacked into the FDIC, then it is not at all cool. Top as in the very top: the FDIC chairman, his chief of staff, and the General Counsel. ” According to the store manager sales jumped 75 percent.

Retail 100

Retail FDIC Bitcoin Lending 100

Gonzobanker

FEBRUARY 7, 2018

Big announcements like JP Morgan Chase’s to hike the pay of 22,000 workers and build 400 new branches certainly had bankers inspired to show some level of investment and even civic leadership from the tax break. In addition to a historic tax cut, bankers were equally excited by the shifting winds and tone of the regulatory environment.

Taxes 75

Taxes Video Analytics Arkansas 75

Jeff For Banks

APRIL 14, 2022

Inside the FDIC: Thirty Years of Bank Failures, Bailouts, and Regulatory Battles 2015 Louis D. Manias, Panics, and Crashes: A History of Financial Crises 2005 John Jay Knox Knox, John Jay A History of Banking in the United States 2017 Timothy Koch Koch, Timothy Bank Management (8th ed.) Giannini: Banker of America 1994 Richard X.

America 78

America National Denver United States 78

CFPB Monitor

JANUARY 9, 2017

We previously reported that Paul Atkins would be on the landing team for the CFPB as well as the landing teams for the FDIC and OCC. Jordan is currently President and CEO of a government relations firm that specializes in strategic business development and President of the National Black Republican Leadership Council.

Leadership 60

Leadership FDIC Policies Compliance 60