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The ICBA Newsroom collects and centralizes all the NewsWatch Today articles, press releases, Main Street Matters blogs, advocacy letters and other news that impacts community bankers.

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Treasury Issues Plan for Sub S Tax Deduction

August 10, 2018 | ICBA NewsWatch Today   Taxes & Budget 

Roselle Savings Bank Announces Name Change, New Logo, Branch Upgrades, and New Products

Roselle Savings Bank, which has served central and northern New Jersey for nearly 130 years, has changed its name to Roselle Bank as part of its initiative to further enhance customers’ overall banking experience. The change is part of the bank’s strategic repositioning, as its functions extend well beyond the parameters of a typical savings bank. The brand refresh will focus on outlining new capabilities and debuting an array of new banking products for both business and consumer. The bank also has plans for renovations to its company headquarters, new operations center and main office branch located in Roselle, NJ
August 08, 2018 | News  

Meta Financial Group, Inc.® Completes Acquisition of Crestmark® Bancorp, Inc.

Meta Financial Group Inc.® (Nasdaq: CASH) ("Meta" or the “Company”) the holding company for MetaBank®, announced today that it completed the previously announced acquisition of Crestmark® Bancorp Inc. and its Michigan state-chartered bank subsidiary, Crestmark Bank. Crestmark has provided business-to-business commercial financing for over 21 years.
August 01, 2018 | News  

ICBA Meets with White House, OMB on Sub S Deduction

ICBA met with staff from the White House and the Office of Management and Budget on the Treasury Department’s proposed regulation to implement a 20 percent tax deduction for shareholders in Subchapter S banks and other pass-through entities.
July 31, 2018 | ICBA NewsWatch Today  

ICBA Grows Advocacy, Member Relations and Marketing Departments with New Hires

ICBA today announced three new hires. David “Chip” Bartlett will serve as vice president of congressional relations, Sean Murphy as vice president of member relations for the Midwest region, and Leela Vosko as director of marketing engagement.
July 30, 2018 | Press Release  

Data Breaches Reach New Record in 2017: Report

The number of U.S. data breaches hit a new all-time high in 2017, according to the Identity Theft Resource Center. Identified breaches rose 44.7 percent last year to 1,579.
July 30, 2018 | ICBA NewsWatch Today   Data Breach Data Security/Fraud 

Senate Taking Up Flood Insurance Extension

The Senate this week is scheduled to take up House-passed legislation to extend the National Flood Insurance Program. The House bill would extend the NFIP, which is scheduled to expire on Tuesday, through November.
July 30, 2018 | ICBA NewsWatch Today   Flood Insurance 

FDIC Needs Better IT Coordination: Watchdog

The FDIC has not developed sufficient strategies for several information technology transitions, the agency’s inspector general said. The Office of the Inspector General said the FDIC failed to adequately address IT security concerns, adequately communicate with agency stakeholders on transitioning to the cloud, or implement an enterprise architecture to guide its IT initiatives. It recommended better coordination and including the agency’s IT plans in its governance processes and framework.
July 30, 2018 | ICBA NewsWatch Today   Agencies/Regulators  

FS-ISAC Advises Closer Look at Cyber Insurance

Not understanding cyber-insurance policy riders can come back to haunt covered parties, the Financial Services Information Sharing and Analysis Center reported. In its latest weekly report for community financial institutions, FS-ISAC cites the rise in claim denials by insurance providers and inconsistencies across carriers.
July 30, 2018 | ICBA NewsWatch Today   Cybersecurity 

ICBA Names NextGen Scholarship Award Recipients

ICBA today announced the recipients of its 2018 NextGen Scholarship Awards.
July 27, 2018 | Press Release   Succession Planning 

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