CSBS Survey: Northeast Banks Improved Sentiment, But Still Pessimistic on Economy
Community banks in the Northeast are the most pessimistic about the economy of anywhere in the nation, according to a new survey.
Kasasa Launches Balance Sheet Management Tool
Kasasa, a financial technology company that designs and markets checking and savings accounts for community banks and credit unions, has partnered with financial engineering firm Thomas Ho Co. Ltd to provide banks and credit unions with a balance sheet management tool.
Survey: Margins, Cybersecurity Among Bankers’ Top Concerns
The newest Conference of State Banking Supervisors’ survey shows the stagnating economy is weighing on community bankers’ minds.
Survey: Community Bankers Pessimistic About Business Outlook
The Federal Reserve’s interest rate decisions and concerns about future business conditions have made community bankers more pessimistic.
Local Lenders Confront Challenging Mortgage Market
With mortgage rates rising to heights not seen in 10 years, lenders are looking for different ways to stay competitive, from lowering rates on 30-year fixed products to offering more ARMs.
Survey: Community Banks Concerned About Business Conditions
Concerns about future business conditions have led community bankers to hold a less optimistic outlook for the economy, according to the Conference of State Bank Supervisors latest survey.
Survey: Community Banks Concerned About Profits
While community bankers in December had a slightly more optimistic outlook about future business conditions and the economic outlook compared to the end of 2020, bankers are expressing more concerns about future profitability, according to the Conference of State Bank Supervisors latest survey.
Mass. Bankers Slams Biden OCC Nominee
Citing a proposal they described as “anathema to community banks,” the Massachusetts Bankers Association and 40 other state banking trade groups have signed a joint letter opposing law professor Saule Omarova’s nomination to lead the Office of the Comptroller of the Currency.
ACSI Finds Drop in Bank, Credit Union Customer Satisfaction
While Customer satisfaction with community banks and credit unions has fallen, it remains higher than satisfaction with national and super regional banks, according to a recent report from the American Customer Satisfaction Index.
Business Conditions Top Concern for Community Banks
The pandemic has shifted the challenges facing community banks, as business conditions have become bankers’ top concern, according to the Conference of State Bank Supervisors annual national survey.
Survey Shows Decline in Community Bankers’ Outlook
A survey asking U.S. community banks for their outlook on the economy shows how quickly the coronavirus pandemic affected bankers’ views.
Banker & Tradesman’s Editorial Cartoon: Zillow is Now a Mortgage Lender
This is fine. Everything is fine. There’s nothing to worry about here.
Community Banks in Rural Areas Differ from Those in Urban Areas
Community banks in urban areas hold more assets and tend to be larger, but have consistently been out-performed by community banks in rural areas.
CSBS to Create Community Bank Sentiment Index
Community bankers will soon have another tool they can use to gauge market conditions and prospects for growth.
Poll: Many Community Banks Lack CECL Task Force
Nearly half of community banks in the U.S. have not formed a task force for implementing current expected credit loss accounting standards, which is expected to take effect in just two years.
Dodd-Frank Relief Package Passes Congress
It may not happen often, but both credit union and community bank advocates cheered yesterday as the U.S. House of Representatives passed a Dodd-Frank regulatory relief package, sending the bill to President Donald Trump, who is expected to sign the legislation into law.
Credit Unions Grow Loans at Faster Pace than Community Banks in 2017
Credit unions grew loans at a faster clip than community banks in 2017, according to data from the Credit Union National Association Mutual Group and the FDIC.
Large Banks Control About 65 Percent Of Massachusetts Deposits
Large banks continued to dominate market share in terms of deposits, with six banks controlling about 65 percent of the market in Massachusetts, according to recently released FDIC data for the end of the second quarter of this year.
Community Banks Did Well In Q2 But Remain Vulnerable To Interest-Rate Risk
The banking industry boosted earnings in the second quarter of 2017 with net income for the quarter surpassing $48 billion, a 10.7 percent increase from one year ago, according to data from the Federal Deposit Insurance Corp.
Community Banks See Branch Growth As Big Banks Pull Back
Bank of America has closed more than 70 branch locations in Massachusetts in the past eight years, according to Federal Deposit Insurance Corporation data. During the same time, TD Bank has closed 17 branches; Santander has closed 13 and Citizens has closed nine.
