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.
ICBA has released a comprehensive matrix on the implementation of S. 2155 provisions affecting community banks in advance of the Senate Banking Committee hearing.
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Creighton University’s index of rural economic growth declined in September but remained above growth-neutral for the eighth consecutive month. Derived from a survey of bank CEOs in rural areas, the Rural Mainstreet Index declined to 51.5 from 54.8 in August.
The Federal Reserve Bank of New York released frequently asked questions on the Alternative Reference Rates Committee’s efforts to replace the London Interbank Offered Rate, or LIBOR. ICBA represents community banks on the Federal Reserve Board panel, which was reconstituted earlier this year to implement the transition from U.S. dollar LIBOR to an alternative reference rate.
The OCC is proposing to amend its enforceable guidelines relating to recovery-planning standards for insured national banks and federal savings associations. The agency said its goal is limiting application of the guidelines to the largest and most complex banks, thereby providing relief to smaller and less complex institutions.
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.