At a recent meeting in Bristol, Va., several banking industry leaders offered their thoughts on a wide range of issues facing the banking sector, from attracting millennials to bank consolidation.
The National Credit Union Administration last week requested public feedback on ways it can change its regulations on loan-based compensation to “provide greater flexibility.”
Find out how a community bank based in Wausau, Wisc. became a top SBA lender, a niche expert in high-end motorhome lending and a national online presence and with a 10% annual growth rate—and became “Incredible” along the way.
The requirements of the Bank Secrecy Act pose a significant challenge for his bank due in part to the interconnected nature of the border region economy.
Small businesses’ profitability and their success applying for financing held steady from 2017 to 2018, according to the latest Small Business Credit Survey—a joint effort by the 12 regional Federal Reserve Banks—released today.
Live Oak Bank’s Chip Mahan is looking to a banking future that’s rooted in personal touch and technological efficiency.
More than three-quarters of financial institutions will gather data from five or more years back as they prepare to implement the Current Expected Credit Loss standard.
Regulatory agencies will expect banks to conduct thorough due diligence on the reference rates they use, but the Secured Overnight Financing Rate recommended as a replacement for the London Interbank Offered Rate has already undergone that due diligence, Federal Reserve Vice Chairman for Supervision Randal Quarles said at a public event today on the transition from Libor.
Kristie Holoch’s bank is not just in the business of serving farmers, families and small businesses in the 33 Nebraska towns where it has branches — it also serves its fellow Nebraska community banks.
ABA today filed a comment letter on the federal banking agencies’ proposal to set a community bank leverage ratio at 9%.