Community banks have long been advised that open banking is crucial for their survival. However, the information about how to actually implement open banking is frequently overlooked.
Community banks are currently grappling with the task of navigating the ever-evolving landscape of information security and cybersecurity. The level of sophistication in cyber-attacks is on the rise, and as technology continues to advance, community banking is also undergoing significant changes.
Leading market research firm, Avannis compiles two types of research: the "Best Community Bank to Work For" study sponsored by Independent Banker, and customized climate research for ICBA banks.
In today's digital age, where financial transactions have become increasingly convenient and quick, it is crucial to be aware of the various fraudulent schemes that can compromise the integrity of check transactions.
To achieve substantial growth in deposits, the most effective approach is to tap into the impactful and memorable customer experiences of your business development team. By leveraging these stories and relationships, you can build trust and attract more business, which in turn leads to the creation of additional relationships and stories that can be utilized to reach an even wider customer base.
In today's rapidly evolving digital landscape, community banks face increasing challenges in mitigating the risks of fraud and cyber-attacks. Traditional compliance standards alone are no longer sufficient in safeguarding against cyber threats.
A strong data strategy is crucial for any modern business, especially in the banking sector. It allows organizations to harness the power of data to make informed decisions, facilitate daily operations, and even drive strategic acquisitions.
Community bank staff must carry-out numerous processes and procedures that involve repetition, review, approval, and communication. By incorporating intelligent automation into these workflows, the occurrence of errors and unnecessary auditor discoveries can be significantly reduced.
USDA projects net farm income down, tighter margins and lower government payments. Combined with potential weather issues and stiff competition from Brazil and other countries, and global unrest, there will be significant challenges for ag lenders.
Hundreds of bankers in the agricultural industry are turning to Farmer Mac's strategies and financial tools to navigate the current landscape of intense competition in the agriculture sector, marked by significantly higher interest rates and inflation.
CEO succession is a paramount duty for bank boards. It is imperative that community banks prioritize and proactively plan for this significant responsibility to safeguard their future.
In the fast-paced financial environment of today, it is crucial for bank boards and owners to possess effective strategies to provide liquidity to shareholders and maintain independence in order to avoid a forced sale.
The Inflation Reduction Act tax credits, along with upcoming changes to tax rates, the possible elimination of 199A, the Employee Retention Tax Credit (ERTC), and the question of whether banks should be structured as S corporations or C corporations are all topics of great importance in the world of taxation.
Community banks face numerous challenges that require a deep understanding of corporate governance best practices. Enhance your operational efficiency, mitigate risks, and achieve long-term sustainability with discussions of the most effective strategies for corporate governance and delve into the crucial aspects of risk measurement, management information systems, and incentive compensation.
In today's economic climate, where funding sources are scarce and valuable, financial institutions find themselves facing the challenge of making the right decisions when it comes to their lending strategies and credit portfolios.
The final rule on Community Reinvestment Act (CRA) Modernization brings about significant changes that will influence your bank's operations. It is crucial to understand both the positive and negative implications this rule will have and prepare your institution accordingly. Explore the key effects of the CRA Modernization rule and provide guidance on navigating these changes effectively.
Community banks play a vital role in the financial landscape, providing personalized services and contributing to the growth of local economies. Recognizing the importance of these institutions, Jeff Gerrish and Philip Smith have emerged as long-time advocates for community banks.
During this session, we will cover: National increase in ATM losses – What banks can do to mitigate damages. Fraudulent Instructions / Social Engineering – What every bank needs to know. Forgery – Crooks are going old school and physically stealing checks – What can we do?
How new deposit insurance assessment increases, capital and liquidity requirements, corporate governance requirements, and guidance on CRE concentrations will impact your exam porcess, your capital, and in general, safety and soundness regulation and supervision. Chris Cole will moderate a panel discussion with representatives from the OCC, the Federal Reserve and the FDIC.
