Headlines

Robert Clements to fill seat left open with Bill Kintner’s resignation

Gov. Pete Ricketts announced his selection at a press conference Monday afternoon. Clements was sworn in immediately by Chief Justice Mike Heavican. Clements is executive vice president of American Exchange Bank in Elmwood. (A MBS customer) Continue Reading . . .

Core system relationships key as tech evolves

February 2017, NW Financial Review, by Justin Dullum   Robert Neville is president of Modern Banking Systems Inc., Ralston, Neb. MBS has been providing tech solutions for more than 50 years and specializes in core banking systems, among other services. Neville spoke with NorthWestern Financial Review about current and future issues surrounding core banking technology.  Continue Reading . . .

Washington Journal CSPAN Dodd-Frank

JANUARY 24, 2017 Washington Journal CSPAN Representative Keith Rothfus (R-PA) talked about President Donald Trump’s policy agenda and his relationship with congressional Republicans.  This transcript was compiled from uncorrected Closed Captioning.  “We’ve seen community banks, we are losing a community bank a day because of Dodd frank and the regulatory burden.”

JANUARY 24, 2017 Washington Journal CSPAN  Representative Jim Himes on the Congressional Democratic Agenda Representative Jim Himes, chair of the New Democrat Coalition, talked about his party’s agenda in the 115th Congress.   This transcript was compiled from uncorrected Closed Captioning.  “I am happy that the large banks are no longer taking big proprietary bets that the taxpayers are no longer backing those bets. It is clear that it was tough on our smaller and community banks. A lot of us would love to see some of these regulations for the smaller banks that could be deemed one way or the other, operating safely because we need them to compete against the big banks. There is lots of room for us to have a conversation about making it better, but the republicans in to realize that it was a reaction to an apocalyptic moment in our history and that a lot of what is there just makes sense to continue.”

3 tips for Competing With Mega-Banks for Millennial Business

01/18/2017  By Barry Adcock   Millennials are the most educated generation ever, the largest segment of the American workforce, and many are starting to attain important financial milestones in their personal and professional lives. There’s no question, Generation Y represents the single most important demographic for the future of the banking industry. But how bright will that future be? Will big banks fare better than community institutions in turning millennials into loyal, profitable customers?  Continue Reading . . .

Simple ways to protect yourself from G-mail’s newest phishing scam

Updated: 6:17 PM CST Jan 18, 2017  By Abigail Elise   G-mail users are the newest targets of a phishing scam that allows hackers to infiltrate their accounts. In the latest attack, a fake browser window that resembles Google’s sign-in page tricks people into entering their log-in info. That data then goes straight to a third party. Continue reading . . .

Time for a 5-point bank tune-up

01/12/2017 – 16:38 Written by Jeff Gerrish  This is my first blog on community banking since the beginning of 2017. Considering the new year, I thought it appropriate to discuss the need for a “tune-up” of our community banks. What do I mean by “tune-up”? I mean that it’s time to review some basic “blocking and tackling” issues for our community banks and ensure any minor—or even major—adjustments are made. Continue Reading . . .

CECL’s on its way

Written by Kathie Beans  CECL is coming! CECL is coming! Will community banks be ready on time? The short answer: Yes. But smaller banks are divided on whether or not the time-consuming transition to the new accounting standard will provide useful information for all the work needed to prepare and comply. Continue Reading . . .

Take Action: Who Are Your Capitol Hill Contacts?

As ICBA and community bankers kick off an extremely promising new year in Washington, our first step is to take stock. To get a comprehensive picture of our industry’s relationships with members of Congress, ICBA is asking community bankers and community bank directors to complete our brief “State of Advocacy” survey today.  Continue Reading . . .

ICBA Launches Plans for Prosperity Legislative Platform for New Congress

Washington, D.C. (Jan. 10, 2017)—The Independent Community Bankers of America® (ICBA) today unveiled its 2017 Plan for Prosperity regulatory relief platform for the 115th Congress. The new Plan for Prosperity, which was also shared with the Trump transition team and key Congressional offices, is a pro-growth regulatory relief agenda that outlines a set of aggressive measures that would eliminate onerous regulatory burdens on community banks that stifle lending and innovation. Continue Reading  . . .

How cranky are consumers about using chip cards? Americans have taken EMV shift in stride, survey shows

Published: Dec 23, 2016 5:57 a.m. ET  In the year since EMV chip technology became the standard for credit card transactions in the U.S., Americans have adapted pretty well. Despite some viral social media backlash against EMV, more than three-quarters of Americans view EMV chip cards positively, according to a recent NerdWallet survey. It’s also the most popular payment method, with 43% preferring it to magstripe cards, cash and mobile payments. Continue Reading . . .

There is plenty for banks to worry about in 2017

By Richard J. Parsons  January 12 2017, 12 p.m. EST  Interest rates are going up and a new president will revive the economy, cut bank regulations and lower taxes. All good news, right? The market certainly thinks so. Analysts lately have even seen banks as growth stocks, which is markedly different from their assessment not that long ago. Investors have heard the recent optimism loud and clear. Since June, more than half the nation’s 144 publicly-traded banks with assets greater than $4 billion saw their stock prices jump at least 40%.  Continue Reading . . .

Yes, community banks are struggling under Dodd-Frank

By ROB NICHOLS 09/06/16 03:18 PM EDT   The banking lobby responds to a recent assertion in POLITICO that community banks have proven amazingly successful at earning carve-outs from the financial regulatory law. In their zeal to defend President Obama’s signature financial legacy, the Dodd-Frank Act, the White House and its allies are pushing what must now be thought of as an urban legend: the myth that community banks are thriving under Dodd-Frank. Continue Reading . . .

Where have all the small banks gone?

BY JAMES SETTERLUND – 08/24/16 06:04 AM EDT   Eight years ago, employment numbers were in freefall. The housing bubble burst, and Americans witnessed the federal takeover of mortgage giants Fannie Mae and Freddie Mac, the collapse of the financial services firm Lehman Brothers, and the bailout of insurer AIG.  Continue Reading . . .

Dodd-Frank’s Price Tag

By Rob Nichols, President & CEO, American Bankers Association   The president’s Council of Economic Advisers seems to have taken to heart Mark Twain’s suggestion to “get your facts first, then you can distort them as you please.” Continue Reading . . .

10 Ways Banking will be Different in 2020

OCTOBER 19, 2016 BY GRACE NOTO  An obvious statement: The banking world is changing.  However, it does give rise to less obvious questions: Just how fast is it changing, and in what ways? For instance, what will the banking world look like in five years? Will there be chatbots in every smartphone and every app? Will bitcoins or other cryptocurrencies be mainstream forms of money exchange?  Continue Reading . . .