March 2 – Union Bank has announced the results of its annual Small Business Economic Survey, which showed that small business owners have the brightest economic outlook in four years. In 2014, nearly a third of entrepreneurs hired staff and significantly fewer reported layoffs.
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March 2 – NewBridge Bancorp (“NewBridge” or the “Company”), the bank holding company for NewBridge Bank, a community bank headquartered in Greensboro, N.C., with assets of approximately $2.5 billion, and Premier Commercial Bank (“Premier”), a financial institution also headquartered in Greensboro with assets of approximately $168 million, have announced that Premier’s shareholders have approved the merger of Premier with and into NewBridge Bank.
March 2 – The U.S. Environmental Protection Agency (EPA) has recognized Bank of America for exceptional leadership in response to climate change. The bank received the award for Organizational Leadership, which recognizes companies for their commitment to reduce greenhouse gas (GHG) emissions while demonstrating leadership in their business strategies to reduce carbon pollution. This is the first time that a financial institution has received the prestigious EPA award in this category.
By Tom Bennett and Sarah Beth Morton
February 25 — Community banks play a critical role in the success of the markets they serve with locally focused, tailored banking solutions and renowned personalized service. But despite their advantages over big box banks, many are finding it increasingly difficult to drive profit growth for several reasons. Demand for loans is tight and price negotiation is generally required. Costs are growing due to continued expenses associated with compliance and regulatory affairs. Additionally, more and more investment is needed in technology, for issues ranging from cyber security to staying relevant with digital offerings. Continue reading “Improving Revenues and Boosting Profits for Community Banks” »
February 23 — The concept of threat and vulnerability sharing is not new. The practice has been around for decades now, taking on various forms. But, the cyber-attacks on JPMorgan Chase and several other financial institutions this past year have caused a major push for improved bank security in 2015. Continue reading “Information Sharing for Banks: The Challenges and Solutions of Threat and Vulnerability Sharing” »
When: June 8-10, 2015
Where: Austin, Texas
Omnichannel Strategies 2015
Join us at the Digital Banking Summit 2015 as we continue our focus on driving omnichannel excellence. You’ll get a better idea of how banks are working to integrate digital with existing banking channels, and how they’re enhancing their marketing and product development efforts, plus hear the latest in mobile & tablet banking, ecommerce, mobile payments and wearable computing.
Executives who are heads of digital strategy, mobile banking, online banking, security as well as alternative banking channels and emerging payments attend the event annually. And tech developers pushing the boundaries of innovation will be on hand to demonstrate their wares.
Don’t miss this chance for critical industry updates when you join us June 8-10 in Austin, Texas.
February 23 – The much-anticipated <.bank> generic Top Level Domain (“gTLD”) may be available to verified members of the banking community as early as June 2015. <.bank> is being touted by the operator, fTLD Registry, LLC. (“fTLD”), as a protected, trusted space on the Internet for the banking community and its customers with enhanced security controls that exceed most existing and new domains. While the addition of this new domain opens up real estate on the Internet and provides new marketing and branding opportunities, banks must be ready for the race to register your <.bank> domain name.
February 23 – Georgia’s Community & Southern Bank (CSB) has announced the expansion of its online banking services through myCSB online. MyCSB online’s advanced, user-friendly banking and financial solutions are tailored to meet and exceed the needs of its customers in the digital age.
February 23 – Popular Community Bank, a subsidiary of Popular, Inc., along with partner Operation HOPE, have launched the third HOPE Inside location in New York. The office is at Popular Community Bank’s branch on 539 Eastern Parkway in Brooklyn, N.Y. The program will empower entrepreneurs and small businesses in Crown Heights, Brooklyn, through classroom education and onsite guidance.
February 20 – The federal bank regulatory agencies requested comment on a second set of regulatory categories as part of their review to identify outdated or unnecessary regulations applied to insured depository institutions.