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Look inside Current Issue

July-August 2010


Cover Story

Wyoming Hosts Tri-State Summit

By Bill Poquette

Hopefully they were temporarily distracted by the majesty of the Teton Mountains towering over Jackson Hole, Wyo., but attendees at the Tri-State Bankers Summit there last month were faced with the realities of regulatory reform and recovery from recession in the business sessions. >>more

From the Publisher

Change is Constant, Innovation Is Essential

By Janet Holman

Innovation. We can’t afford to stop it, even in the middle of a recession. Survival demands it, whether you’re a community bank or BankNews Media. Clients and stakeholders deserve no less, be they depositors, borrowers and investors, or readers and advertisers. >>more

Perspectives

Dodd Declares Victory

So there you have it, the Dodd-Frank Act, formerly known as the Restoring American Financial Stability Act. “After great debate, we have produced a strong Wall Street reform bill that will fundamentally change the way our financial services sector is regulated,” said Senate Banking Committee Chairman Christopher Dodd, D-Conn., after the conference committee staged an all-night marathon to meet its June 25 deadline. (See One Giant Step for Reform feature article below.)  >>more

Trend Lines

The Durbin Disaster

I attended a breakout session at the Independent Community Bankers of American annual convention in March that focused on social media. It was led by Peter Stackpole, president of Stackpole & Partners, and he discussed the findings of a survey the company did on 396 bank customers in Massachusetts. The findings were eye opening.  >>more

Feature

One Giant Step for Reform

By Bill Poquette

The outlines of regulatory overhaul finally took shape during the wee hours of June 25, as Senate and House conferees barely met their self-imposed deadline to have finished legislation on President Barack Obama’s desk by July 4 — although the full House and full Senate have to vote on the 2,000-page bill the week prior to July 4. >>more

InterviewPoint

InterviewPoint: Mergers & Acquisitions

NAME: James L. Basey
TITLE: CEO of Centennial (Colo.) Bank
BACKGROUND: Basey is a former president of Colorado National and became vice chairman of CNB following its merger with U.S. Bank, Cincinnati. CIC Bancshares Inc., a Colorado-based bank holding company, was formed by James Basey along with two long-time local banking and financial service veterans, Kevin Aher... >>more

 
Online-Only Feature Article

Consumer Sentiment Shows Growing Divide

The biannual BAI & Finacle Index of Bank Consumer Sentiment study reports a growing divide between the way bankers and consumers view the banking industry.  The biannual index, sponsored by NewGround, surveyed bankers and a representative sample of 2,501 customers about:  the economy; bank fees; innovation; managing finances; and, trust in financial institutions.  In the inaugural... >>more

 
Feature Articles

2010 Correspondent Bank Directory

Click here for a directory of correspondent banks along wiht their contact information and services they provide. Copyright © July-August BankNews Media... >>more

 
Shelter From the Gathering Storm

The current financial crisis is unparalleled since the savings and loan crisis, when 1,813 financial institutions were closed. There were 140 bank closures in 2009, with the FDIC projecting that an even higher number of banks will close in 2010. Approximately 80 percent of the closures in 2009 were banks with assets under $1 billion, and more than 65 percent had assets of $500 million or less, bas... >>more

 
Conference

Nevada Bankers Association Elects Officers for 2010–2011

At the Nevada Bankers Association’s annual meeting June 6–7 in Las Vegas, the group elected its officers for 2010–2011. Chad Osorno was named chairman. Osorno is president of northern Nevada for Wells Fargo in Reno. Bruce Ford was appointed chairman-elect. Ford is the business banking manager at City National in Las Vegas. Elected vice-chairman was Stanley C. Wilmoth, president and CEO of Heritage... >>more

 
New Format Combines Events

The California Bankers Association opened its 119th Annual Convention with a twist. Combining events for the first time, CBA held the 43rd Annual Bank Counsel Seminar in conjunction with its annual convention. “We are certain that this combined format will be as robust and positive as the two separate conferences, with the added benefit of our bank counsel representatives having the opportunity t... >>more

 
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