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ICBA to IRS: Maximize Sub S Access to Tax Deduction
2018-09-24 ICBA to IRS: Maximize Sub S Access to Tax Deduction 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...
Community Bank Income Rises 21 Percent
Community Bank Income Rises 21 Percent Community banks reported $6.5 billion in net income during the second quarter, a 21.1 percent gain from the previous year, according to the FDIC’s Quarterly...
Crestmark Closes 18 Transactions Totaling More Than $46.9 Million in the First Half of August
2018-08-24 Crestmark Closes 18 Transactions Totaling More Than $46.9 Million in the First Half of August TROY, Mich., (August 22, 2018) – Crestmark secured a total of $46,935,891 in financial...
Lenders Increasingly Ready for Single Security: Survey
Lenders Increasingly Ready for Single Security: Survey Fannie Mae and Freddie Mac said mortgage lenders are increasingly familiar with their plan to begin issuing a common mortgage-backed security...
Automated Systems, Inc. Announces Gold Level Envision Partner Status
2018-08-14 Automated Systems, Inc. Announces Gold Level Envision Partner Status Automated Systems, Inc. (ASI), a leading provider of core banking software for community banks, announced its status...
Consumer Bureau Joins Innovation Network
Consumer Bureau Joins Innovation Network The Bureau of Consumer Financial Protection and 11 international financial regulators said they plan to create a global network to promote innovation. The...
Tell HUD to Amend Disparate-Impact Rule
Tell HUD to Amend Disparate-Impact Rule ICBA is urging community bankers to tell the Department of Housing and Urban Development to amend its fair lending disparate-impact rule to meet the...
Chelsea Groton Bank Proudly Introduces A Switch Hotline
Chelsea Groton Bank Proudly Introduces A Switch Hotline GROTON, Conn. – In order to assist individuals and families in switching to a better banking experience, Chelsea Groton Bank is pleased to...
OneRD Guaranteed Loan Rule
2018-09-06 OneRD Guaranteed Loan Rule The USDA Rural Development Innovation Center is working to combine four guaranteed loan programs under a single regulation. This rule will improve agency...
USDA Details Trade Payments Alongside Mexico Deal
USDA Details Trade Payments Alongside Mexico Deal The USDA released details of it's plans to protect farmers from foreign trade retaliation. The department has authorized $12 billion for several...
Roselle Bank Begins Renovations of Operations Center
2018-08-27 Roselle Bank Begins Renovations of Operations Center Renovations to Bank’s Main Branch Scheduled for Fall; Date of September 10 Set for “Sneak Peek” of Bank’s New Look Roselle, NJ --...
Agencies Advance 18-Month Exam Cycle
Agencies Advance 18-Month Exam Cycle Federal regulators issued interim final rules to enact an ICBA-advocated provision of the S. 2155 regulatory relief law expanding eligibility for the 18-month...
Farm Bill Conference Schedules Public Meeting
2018-08-23 Farm Bill Conference Schedules Public Meeting House and Senate Agriculture Committee leaders scheduled the first public meeting of the farm bill conference committee. The meeting is...
Fannie, Freddie Ending Rental-Market Expansion
Fannie, Freddie Ending Rental-Market Expansion Fannie Mae and Freddie Mac are ending their expansion into the single-family rental market, the Federal Housing Finance Agency said. The enterprises...
United Bankers’ Bank Promotes Mary Williams to SVP, Chief Operations Officer
BLOOMINGTON, MN - United Bankers’ Bank (UBB) has promoted Mary Williams to SVP, Chief Operations Officer, effective August 6. Williams succeeds Anne Hofstede who retired after 41 years of service...
Bureau Offers HMDA Verification Tool
The Bureau of Consumer Financial Protection launched the File Format Verification Tool for HMDA data collected in 2018 and submitted in 2019. The tool tests whether HMDA files meet certain...
ICBA Collecting Stories on Benefits of S. 2155
ICBA Collecting Stories on Benefits of S. 2155 ICBA is asking community bankers to share how passage of the Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155) is helping their...
Meta Financial Group, Inc.® Completes Acquisition of Crestmark® Bancorp, Inc.
Meta Financial Group, Inc.® Completes Acquisition of Crestmark® Bancorp, Inc. Acquisition propels Meta into national commercial and industrial lending SIOUX FALLS, S.D., (Aug. 1, 2018) – Meta...
ICBA Meets with White House, OMB on Sub S Deduction
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...
ICBA Grows Advocacy, Member Relations and Marketing Departments with New Hires
Washington, D.C. (July 30, 2018)—The Independent Community Bankers of America® (ICBA) today announced three new hires. David “Chip” Bartlett will serve as vice president of congressional relations,...