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Association Updates

Golden Valley Bank’s President & CEO, Mark Francis, Awarded Community Banker of the Year

April 17 – Golden Valley Bank, headquartered in Chico, Calif., has announced that their president and CEO, Mark Francis, was awarded Community Banker of the Year by Western Independent Banker (WIB). WIB is a trade association that informs, educates and connects community banks to achieve the highest standards of personal and organizational performance. They represent 13 western states in the U.S.: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, Wyoming and U.S. territories.


A Test of Financial Literacy Draws Mixed Conclusions

April 13 – Two-thirds of adults (62 percent) consider their own financial literacy to be good or excellent, according to a new survey conducted for the American Bankers Association. However, their perception of the average American isn’t quite as favorable. Only 29 percent of respondents perceive the average American’s financial literacy as good or excellent. Reality falls somewhere in between.


ABA Real Estate Lending Survey Shows Decline in Non-QM Loans

April 3 – The negative impact of regulation on business production and consumer credit availability was cited by 95 percent of respondents to the American Bankers Association’s 24th annual Real Estate Lending Survey. Released at the ABA’s Real Estate Lending Conference in Orlando, the survey revealed that 91 percent of the typical bank’s mortgage loans made last year were qualified mortgages. This finding indicates a sharp decline in the extension of non-qualified mortgages, with the average percentage of non-QM loans falling from 14 percent in 2015 to 9 percent in 2016. (more…)

ABA, ICBA Urge Principles to Guide Infrastructure Programs

April 3 – As some of President Trump’s campaign promises have proved somewhat elusive, focus has now shifted from health-care reform to infrastructure spending, and the two major banking groups have plenty to say about that. The American Bankers Association and the Independent Community Bankers of America have joined forces in outreach to the White House with a joint letter March 30 to the president asking that a national infrastructure program prioritize interests of rural Americans and the banks that serve them. (more…)

Western Independent Bankers Announce 2017 Community Bank and Banker of the Year Recipients

March 31 – Western Independent Bankers (WIB) has announced recipients of the 2017 Community Bank and Community Banker awards to Montecito Bank & Trust (MB&T) and Mark Francis, President and CEO of Golden Valley Bank, respectively. The announcement was made in front of hundreds of attendees at WIB’s Annual Conference for Bank Presidents, Senior Officers, and Directors. Award recipients were honored for their enduring impact on local communities, exceptional bank performance, and demonstrated industry innovation.


Trade Groups Have Mixed Reviews of EGRPRA Report

March 24 – Trade groups representing banks and credit unions had mixed reactions to a joint report to Congress by member agencies of the Federal Financial Institutions Examination Council about their efforts to reduce regulatory burden. The mandatory review was conducted as part of the Economic Growth and Regulatory Paperwork Reduction Act by the Federal Reserve System Board, the Office of the Comptroller of the Currency and the FDIC, and in conjunction with the National Credit Union Administration. (more…)

ABA Testifies on Lack of New Bank Charters

March 20 – The drought of new bank charters is strong evidence that the economics for new community banks don’t work, according to testimony from the American Bankers Association before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit. (more…)

Bankers’ Optimism Reflected at ICBA Annual Meeting

Focus remains on lightening regulatory burden, while practical matters like customer experience gain attention.

By Toni Lapp

March 20 – The Independent Community Bankers of America Community Banking Live! organizers could hardly have hoped for a more optimistic set of circumstances surrounding ICBA’s annual meeting March 15-18.  The Federal Reserve announced an interest rate increase on the first full day of the conference, which came a week after ICBA leadership met with President Donald Trump; needless to say, the mood was upbeat at the event in San Antonio, Texas. (more…)

NACHA Introduces the Faster Payments Experience

March 20 – NACHA—The Electronic Payments Association will introduce the Faster Payments Experience — a consummate educational opportunity encompassing sessions and solutions that focus on real-time, same-day and other faster payments initiatives — at PAYMENTS 2017, the premier event for the payments industry that will take place April 23-26 in Austin, Texas.


ICBA Announces 2017 Community Banking Policy Priorities

March 20 – The Independent Community Bankers of America has announced its top legislative and regulatory priorities for 2017. ICBA made the announcement at its ICBA Community Banking LIVE national convention in San Antonio.


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