Main Street Matters Blog

Find out what's happening in communities across America, from grassroots advocacy efforts, to fintech innovations and everyday successes of Main Street banks.

Main Street Matters

Paycheck Protection Program Data Show Community Banks Served Those Most in Need

Nov 10, 2021
Paycheck Protection Program lending data continue to demonstrate that community banks are justifiably recognized as leaders of the financial response to the COVID-19 pandemic.

Reconciliation Update: IRS Reporting, Tax Hikes, and Needed Grassroots

Nov 9, 2021
Community bankers are witnessing the fruits of their labor in ICBA’s months-long campaign opposing the onerous IRS bank reporting proposal. However, the grassroots push must continue.

Three Principles to Drive Community Bank Innovation

Nov 9, 2021
For $200 million-asset First Community Bank and Trust in Beecher, Ill., having an innovation mindset means being open to explore new ways to solve for business challenges and opportunities.

Paycheck Protection Program Data Show Community Bank Pandemic Response Outperformed Larger Lenders

Nov 5, 2021
The Paycheck Protection Program offered millions of small businesses a critical financial lifeline to weather an extraordinary economic downturn engendered by the coronavirus pandemic.

Trust in Code? Smart Contracts, DeFi, and Use Cases for Community Banking

Nov 4, 2021
Smart contracts — computer programs that automatically execute specific actions — are becoming increasingly relevant to community banks. Here’s a breakdown of smart contracts and how they could ultimately serve community banks.

Paycheck Protection Program Data Show Community Banks Acted Expeditiously to Save Small Businesses

Nov 2, 2021
The Paycheck Protection Program originated its final loans nearly three months ago. Over the preceding year, this Marshall Plan for small businesses provided critical financial assistance to nearly 5 million individual borrowers.

Community Bank Cybersecurity Mitigation Checklist

Nov 1, 2021
Between March and June of last year banks experienced a 520% increase in phishing and ransomware attempts. Though these trends were exacerbated by COVID, cybersecurity has been a top concern for the financial services industry for years.

Cybersecurity Experts offer Tips to Help Community Banks Shore up Defenses

Oct 28, 2021
A recent 21st Century from the Conference of State Bank Supervisors report indicates that more than 80% of bankers ranked cybersecurity risk as “very important,” which was more than twice the rate for any other type of operational risk.

How Open Banking Can Help Community Banks Deliver on Digital Expectations

Oct 26, 2021
Have you ever been ready to jump into your next meeting only to notice you didn’t have your mobile phone? If so, I’m betting you felt a sense of panic that only subsided once your phone was back in hand.Because without it, you’d lost your lifeline.

IRS Reporting Grassroots Campaign Evolves with Congressional Debate

Oct 22, 2021
ICBA’s campaign against Washington’s IRS reporting proposal has helped consumers speak out against the plan. But as the debate evolves, the campaign now demands that community bankers increase their grassroots outreach through calls and messages to Capitol Hill.