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Improve loan decisioning: 5 ways to serve small businesses better

Abrigo

Reduce approval layers According to the FDIC, 73% of banks have at least three levels of approval for small business loans. Simplify underwriting criteria and eliminate unnecessary documentation. 62% even require board approval. Removing excessive approval layers can significantly speed up loan decisioning.

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3 Ways Financial Institutions Can Step Up for Underserved Communities

Perficient

Greenwood operates completely online, but they partner with FDIC-insured banks and are part of a global ATM network that allows members to use more than 100,000 ATMs fee-free when they need to withdraw and deposit physical cash and checks.

Community 275
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Welcome to New Orleans

Independent Banker

ICBA’s national convention offers an educational lineup this year of more than 60 workshops and networking sessions. Concurrent Workshops. Concurrent Workshops. Concurrent Workshops. So we want our checking accounts to be FDIC insured. It’s Community Banking LIVE 2016 in New Orleans. General Session. By invitation.

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Pulling Off Inside Jobs

Independent Banker

FDIC policies do demand independent reviews in certain domains: Bank Secrecy Act/anti-money laundering, interest rate risk, liquidity risk management, and methodologies used for assigning allowance of loan and lease losses. FDIC Article. “That aspect can be done as part of internal audit,” says Eberley.

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Popular Association Banking’s Molly Hime to Retire. Carlos Hernandez Named New Division Manager.                                       

PopularBank

In addition to Molly’s impressive track record leading PAB, she has been actively involved in community work, serving on the board of United Community Options of South Florida, an organization that helps developmentally challenged individuals reach their full potential through educational workshops and activities. “It

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Building Financially Empowered Youth; Our Future Depends on Them

Filene

A 2013 FDIC National Survey of Unbanked and Underbanked Households showed that more than 30% of household members under the age of 24 are unbanked—significantly higher than older generations. Low-income teenagers in particular are living in financial service deserts.

Video 64
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Wading Through the Waters

Independent Banker

In June, five federal agencies (including FDIC, Office of the Comptroller of the Currency and the Federal Reserve) announced approval of a final rule that modifies regulations applying to loans secured by properties located in special flood hazard areas.