Did you know it is renewal time for Standard Plan, Custom Plan, and Bank Compliance Bundle subscribers?

FedNow launched on July 20—with eager anticipation from the payments industry. But in the past month, we’ve not heard much about transaction volume, use cases, or user experiences. Fortunately, our senior vice president of payments industry relations, Nick Denning, has been following FedNow closely and shared with me his insider’s view on where things stand for FedNow and community banks.

Our objective to raise awareness and elevate perception of community banks is central to everything we do – and as we monitor the campaign and optimize for efficiency and performance, we want to be sure we are sharing our learnings with our members along the way.

If your responsibilities include your community bank’s bond portfolio, you’ve been confounded by several elements of its performance in the last 18 months.

On June 6, 2023, the Federal Deposit Insurance Corporation, the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency(collectively, the “Agencies”) issued final guidance on managing risks associated with third-party relationships, including relationships with fintechs.

With your ICBA Bank Director Program subscription you have access to attorneys from Jackson Lewis and Gerrish Smith Tuck for help with your employment law and corporate governance questions.

As part of our ongoing effort to share our learnings for the benefit of our members, we hosted a webinar this month showcasing some of our market research findings that have guided our journey thus far.

It’s been an exciting week at ICBA. After months of behind-the-scenes work to fulfill our vision of building an online national professional network exclusively for community bankers, our ICBA Community officially launched July 11. The numbers speak to its overwhelming reception by ICBA members.

“You can go anywhere and get a loan,” says Dan Schopp, president and CEO of First Security Bank in Mackinaw, Ill. “I always say we don't want to be an ATM— just dollar dispensers. The biggest challenge is showing your customer, what value am I adding to you or your operation?”