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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

Multifamily, commercial and automotive loans are driving loan growth among banks in the Northeast, but increasing risk will draw fresh attention from regulators to ensure recent and future growth is sound, the Office of the Comptroller of the Currency said recently. • Liquidity risk management and adequacy of contingency funding plans.

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Thought starter: Top challenges accountants face and actionable ideas to solve them

Abrigo

Recently, Accounting Today’s editor-in-chief Daniel Hood spoke with Ralph Thomas , the CEO and executive director of the New Jersey Society of CPAs, to have a candid conversation about the challenges currently facing accountants for the website’s video series.

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Casino Reopenings Draw In Gamblers Despite Online Gaming Surges

PYMNTS

The mayor, who is also a table games manager at a local casino and hotel, said per the report that he has come across people traveling from states that are close by as well as those that have come from Florida, Texas, New Mexico and New York. New Jersey made closing orders for its physical casinos on March 16.

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Business Trend Lines

Independent Banker

This ups the ante for banks courting certain business owners, particularly those managing startup companies. Participation lending is sometimes shadowed with a risky reputation—with bankers and with regulators—because of the additional risk involved in tying into another bank’s lending underwriting as well as into a little-known customer.

Trends 79
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The 2019 GonzoBanker Awards

Gonzobanker

billion of assets under management. Olan Jones, CEO & President, Eastman Credit Union – Jones completes a great 20-year term at Eastman, increasing assets from $631 million to $5 billion and creating more than 650 new full-time jobs. picks up Bancorp of New Jersey, Inc. Bank Acquisition of the Year. Might be time to.

Idaho 148
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Banking's Top 5 in Total Return to Shareholders: 2017 Edition

Jeff For Banks

That got regulator's attention in the form of a May 2011 Consent Order (CO). Today, NPL/total loans is a manageable 0.94%, and the Bank ROA/ROE year-to-date is 1.22% and 11.61% respectively. billion in assets commercially focused community bank based in southern New Jersey, serving Philadelphia and its suburbs.

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The 2022 GonzoBanker Awards

Gonzobanker

As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey.

Community 216