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The Best Checking Accounts in California of 2021

MyBankTracker

Umpqua Bank is a regional bank headquartered in Portland, Oregon. For example, most local and regional banks will have smaller ATM networks than large, national banks. FDIC Insurance. The good news: The Federal Deposit Insurance Corporation (FDIC) insures online banks just the same as a brick-and-mortar bank.

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The top-performing community banks of 2021

Independent Banker

Genesee Regional Bank. We strive to bring the community bank model to mortgage banking,” says Ryan Dempster, president and CEO of the bank, which has 17 locations in Oregon, Washington and Idaho. Philip Pecora, president and CEO, Genesee Regional Bank. Genesee Regional Bank. Q: Why has Genesee Regional Bank succeeded?

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The Folly of Peer Groups

Jeff For Banks

But because financial information on competitors is so readily available in banking (we must report to the FDIC our quarterly results and it is available to all), we become over-reliant on them. But UBPRs are done by asset size and region. See below for a snapshot from an Umpqua Bank of Portland, Oregon UBPR.

Groups 60
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Bankers: Is your strategy the same as your competitor?

Jeff For Banks

We are registered in Colorado and Oregon as a lender and our employees maintain home offices in those states from which we originate and underwrite those loans. The amount of deposits available to us while maintaining full FDIC insurance protection for our trust customers has consistently exceeded $30 million for the last three years.

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SAFE Banking Act Gains Cannabis-Friendly Spotlight In Congressional Hearing

PYMNTS

Over the last two years, more than $500 million worth of cash deposits from the legitimate cannabis business has flowed into Maps Credit Union in Salem, Oregon. Such prohibition could involve limiting FDIC protections for those deposits, for example, or trying to prevent loans to those businesses. But that’s the exception.

Oregon 230
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SAFE Banking Act Gains Cannabis-Friendly Spotlight in Congressional Hearing

PYMNTS

Over the last two years, more than $500 million worth of cash deposits from the legitimate cannabis business has flowed into Maps Credit Union in Salem, Oregon. Such prohibition could involve limiting FDIC protections for those deposits, for example, or trying to prevent loans to those businesses. But that’s the exception.

Oregon 115