Chelsea Groton Bank has been awarded a 2018 Top Workplaces honor by The Hartford Courant, for the third year in a row. The Top Workplaces lists are based on the results of an employee feedback survey administered by Energage, formerly WorkplaceDynamics, a leading research firm that specializes in organizational health and workplace improvement. Several aspects of workplace culture were measured, including alignment, execution, and connection.
As Hurricane Florence approaches the United States and Americans recognize National Preparedness Month in September, ICBA and the nation’s community banks remind consumers that they can help alleviate financial concerns by planning in advance of a natural disaster or emergency.
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The Bureau of Consumer Financial Protection said it will relocate its southeast regional office from Washington, D.C., to Atlanta, Ga., in late 2019. The bureau already has regional offices in New York, Chicago and San Francisco that host supervision staff, enforcement attorneys and other personnel. The southeast regional team has been temporarily based out of the bureau’s D.C. headquarters since its inception.
A provision of S. 2155 requiring credit reporting agencies to freeze consumer credit reports at no charge took effect Friday. These security or credit freezes restrict access to credit files to reduce identity theft.
ICBA and other banking groups called on the IRS to reconsider its approach to implementing the Tax Cuts and Jobs Act’s 20 percent tax deduction for pass-through businesses. In a joint comment letter, ICBA said the agency should allow all permissible banking activities to be eligible for the deduction.
Members that participate in one or more ICBA Services Network programs have a .26 base points higher ROA and a .45 base points higher ROE than community banks that don’t. See what solutions we have to fit your bank's individual needs.