Kentucky Tornadoes: Ag Banks Provide More Than Financial Resources
On Dec. 10-11, 2021, a violent line of tornadoes moved across several states, including Kentucky,…
Browsing: Community Banking
Making Charity Part of Your Portfolio
Whether clients use them for charitable saving or spending, donor-advised funds are a growing part of banks’ wealth management product set.
ABA Foundation, Kentucky Bankers Team Up to Support Tornado Relief Efforts
In the wake of the devastating tornadoes that struck Kentucky and other mid-South states over…
Treasury Announces $8.7B Investment in CDFIs, MDIs
The Treasury Department, through its Emergency Capital Investment Program, will invest $8.7 billion in community financial institutions, which includes community development financial institutions and minority depository institutions.
Survey Reveals ‘Substantial’ Risk, Compliance Concerns for U.S. Banks
Banks continue to feel a heightened sense of compliance and risk concern, according to the results of a new Wolters Kluwer survey.
USDA Makes Funds Available to Bolster Food Supply Chain
The U.S. Department of Agriculture is deploying $100 million under the new Food Supply Chain Guaranteed Loan Program to make nearly $1 billion in loan guarantees.
ABA Supports Strengthening CDFI Fund’s Small Dollar Loan Program
In a comment letter submitted on Friday, the American Bankers Association expressed support for strengthening the Community Development Financial Institutions Fund’s Small Dollar Loan Program, which provides grants to eligible recipients—either a CDFI or a partnership between a CDFI and another depository institution—for loan loss reserves and technical assistance, to support small dollar loan programs.
FFIEC Updates its BSA/AML Exam Manual
FFIEC released a new section and updates to three sections of its Bank Secrecy Act/anti-money laundering examination manual
ABA Adds 11 Banks to ABAQ Index
The American Bankers Association added 11 banks to its Nasdaq Community Bank Index (ABAQ) today.
ABA Pushes For SBA Ban on Making Direct Loans Through 7(a) Program
The American Bankers Association yesterday wrote in support of H.R. 6037, legislation that would prohibit the Small Business Administration from directly making loans under the 7(a) loan program.