Have you heard about the community bank that’s been chugging along for over 150 years, took on “Community Bank” as its name—and “bank happy” as its motto? Meet Community Bank, N.A., based in DeWitt, New York.
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In an op-ed in American Banker today, industry veteran and former Comptroller of the Currency Gene Ludwig warned that the Financial Accounting Standards Board’s current expected credit loss standard “will both undermine the financial industry’s ability to work itself out of a crisis and discourage lending to small businesses.”
The National Credit Union Administration today issued two proposals with significant and troublesome implications for taxpayers.
In an American Banker op-ed today, American Bankers Association Chair Laurie Stewart called attention to the “disturbing trend” of large, tax-exempt credit unions purchasing taxpaying community banks.
Federal Reserve Governor Michelle Bowman will deliver a keynote address at ABA’s Conference for Community Bankers—to be held Feb. 9-12 in Orlando, Florida.
Ahead of a House Financial Services Committee vote today, ABA expressed support for legislation that addresses the decline in minority depository institutions and creates opportunities for community development financial institutions.
The U.S. banking sector remains strong overall, with banks maintaining strong capital and liquidity levels while seeing healthy loan growth and profitability, according to the Federal Reserve’s supervision and regulation report released today.
An entrepreneurial culture, an excitement about problem-solving and an insistence on moving quickly explains why Leader Bank continues to grow.
The FDIC this week announced the appointment of four new members to its Advisory Committee on Community Banking.