The Consumer Financial Protection Bureau today announced the appointment of new members to its Community Bank Advisory Council.
Browsing: Community Banking
The FDIC is updating examiner instructions to help strengthen minority depository institutions, FDIC Chairman Jelena McWilliams said today in Washington.
“There are so many ways we can bring banking to people,” says Ryan James, president and CEO of Surety Bank in Deland, Fla. “Community is not bound by geography. I look at community as shared interest.”
Ryan James reflects on how Surety Bank supported its customers through the financial crisis and how he’s positioning the 93-year-old institution for the next 90 years.
In keynote remarks last night at the St. Louis Fed’s community banking research conference, bank CEO Julieann Thurlow outlined Massachusetts-based Reading Cooperative Bank’s innovation journey and how it improved financial inclusion in the communities it serves.
Highlighting consumer demand for seamless digital delivery of financial services, FDIC Chairman Jelena McWilliams today emphasized the role of core banking technology companies in facilitating digital transformation.
Heated competition for bank funding is an increasingly important focus for community bank leaders, according to an annual survey released today by the Federal Reserve, the FDIC and the Conference of State Bank Supervisors.
Localities that lost a bank headquarters in a merger saw declines in local charitable contributions and volunteer service, Federal Reserve Governor Michelle Bowman said today, citing a Fed review of Community Reinvestment Act exam reports before and after bank acquisitions.
ABA today welcomed the FDIC’s proposal to set how it applies deposit insurance assessment credits and urged the FDIC to “return the credit funds as expeditiously as is feasible to those banks to which they are due.”