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Boston Fed Encourages Tokenization Collaboration
Boston Fed Encourages Tokenization Collaboration Federal Reserve Bank of Boston researchers encouraged stakeholders to continue collaborating on the development of payment tokenization. Noting that...
FinCEN Wants to Talk BSA Reporting with Hurricane-Affected Banks
FinCEN Wants to Talk BSA Reporting with Hurricane-Affected Banks The Financial Crimes Enforcement Network said financial institutions affected by Hurricane Florence should contact FinCEN and their...
Facebook Breach Affects 50M Users
Facebook Breach Affects 50M Users Facebook announced a security breach affecting nearly 50 million accounts. Facebook announced a security breach affecting nearly 50 million accounts. Attackers...
‘Tax Reform 2.0’ Passes House
‘Tax Reform 2.0’ Passes House The House passed legislation to permanently extend the lower individual tax rates included in the tax reform law signed late last year. Known as “Tax Reform 2.0,” the...
Chelsea Groton Bank Named a Winner of the 2018 Top Workplaces Award for Third Straight Year
Chelsea Groton Bank Named a Winner of the 2018 Top Workplaces Award for Third Straight Year Chelsea Groton Bank has been awarded a 2018 Top Workplaces honor by The Hartford Courant, for the third...
Wolters Kluwer Announces Interoperability with RSA Archer to Provide Regulatory Data Feed
Wolters Kluwer Announces Interoperability with RSA Archer to Provide Regulatory Data Feed Enhances Institutions’ Access to Regulatory Change Management Content Wolters Kluwer today announced the...
ICBA to IRS: Maximize Sub S Access to Tax Deduction
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 deduction...
Crestmark Closes 18 Transactions Totaling More Than $46.9 Million in the First Half of August
Crestmark Closes 18 Transactions Totaling More Than $46.9 Million in the First Half of August Crestmark secured a total of $46,935,891 in financial solutions with 18 transactions for 14 new...
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
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 as a Gold...
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 In order to assist individuals and families in switching to a better banking experience, Chelsea Groton Bank is pleased to introduce a new...
OneRD Guaranteed Loan Rule
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 efficiency in...
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
Roselle Bank Begins Renovations of Operations Center Roselle Bank, which has served central and northern New Jersey for nearly 130 years, has begun renovating its operations center, located at 108...
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
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 scheduled for...
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
United Bankers’ Bank Promotes Mary Williams to SVP, Chief Operations Officer United Bankers’ Bank (UBB) has promoted Mary Williams to SVP, Chief Operations Officer, effective August 6. Williams...
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. Meta Financial Group Inc.® (Nasdaq: CASH) ("Meta" or the “Company”) the holding company for MetaBank®, announced today...
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
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,...
Treasury Issues Plan for Sub S Tax Deduction
Treasury Issues Plan for Sub S Tax Deduction The Treasury Department issued its highly anticipated proposed rule to implement the Tax Cuts and Jobs Act’s 20 percent tax deduction for pass-through...
Roselle Savings Bank Announces Name Change, New Logo, Branch Upgrades, and New Products
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...
Data Breaches Reach New Record in 2017: Report
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...
Senate Taking Up Flood Insurance Extension
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...
FDIC Needs Better IT Coordination: Watchdog
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...
FS-ISAC Advises Closer Look at Cyber Insurance
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...
Consumers National Bank Promotes Kennie Baker To Commercial Deposit Specialist
Consumers National Bank Promotes Kennie Baker To Commercial Deposit Specialist Minerva, Ohio–Consumers National Bank announced today that it has promoted Kennie Baker to Assistant Vice President,...
A Turning Point for the Industry
A Turning Point for the Industry By Kevin Tweddle I tend to view prognostication articles as clickbait. They’re either too general or too far off to provide actionable intelligence. That said,...
Keshaun Clark Honored by Alexandria Chamber of Commerce for 40 Under 40
Keshaun Clark Honored by Alexandria Chamber of Commerce for 40 Under 40 Keshaun R. Clark, Vice President, Business Development Officer, has been recognized by the Alexandria Chamber of Commerce as...
CoastalSouth Bancshares, Inc. Closes Merger with First Citizens Financial Corporation
CoastalSouth Bancshares, Inc. Closes Merger with First Citizens Financial Corporation CoastalSouth Bancshares, Inc. (“CoastalSouth”), the parent company of CoastalStates Bank (“CSB”), announced the...
Clinton Savings Bank Employees Donate Over Six Hundred Dollars to the Neady Cats Organization
Clinton Savings Bank Employees Donate Over Six Hundred Dollars to the Neady Cats Organization Clinton Savings Bank (CSB) recently presented over six hundred dollars to the Neady Cats Organization,...
Fleetwood Bank awards $8,000.00 scholarship to Reese R. Kauffman from Oley Valley High School
Fleetwood Bank awards $8,000.00 scholarship to Reese R. Kauffman from Oley Valley High School Fleetwood Bank is pleased to announce that Reese R. Kauffman, a 2018 Oley Valley High School graduate,...
CHELSEA GROTON FOUNDATION Awards Over $189K in Grants to Area Organizations
CHELSEA GROTON FOUNDATION Awards Over $189K in Grants to Area Organizations The Chelsea Groton Foundation awarded $189,585 in grants to 67 non-profit organizations from Connecticut and Rhode...
THE STATE BANK PROMOTES VICE PRESIDENT
THE STATE BANK PROMOTES VICE PRESIDENT The State Bank is proud to announce the promotion of Linda Gregory to Vice President. Linda joined the bank in April 1991 as a teller before moving to the...
ICBA Names NextGen Scholarship Award Recipients
ICBA Names NextGen Scholarship Award Recipients ICBA today announced the recipients of its 2018 NextGen Scholarship Awards. Scholarships help foster future community bank leaders Washington, D.C....
Six traits that achieve fintech success
Six traits that achieve fintech success By Kevin Tweddle Community banks partner with fintech companies for any number of reasons. But before you dive into this process, it’s critical to be...
FNBC Bank announces LPO in Jonesboro
FNBC Bank announces LPO in Jonesboro FNBC Bank CEO and President Marty Sellars has announced the bank’s move into Jonesboro with the hire of Brad Snider as Community President and Brock Fletcher as...