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Chicago-Based Signature Bank Expands to Milwaukee

March 28 – Chicago-based Signature Bank has a firmly established foothold in middle-market banking in Chicago and is now expanding to Milwaukee. The privately-held business bank founded in 2006 by three career commercial bankers recently hired Milwaukee native Michael G. Weber as Vice President of Commercial Lending. Mr. Weber will manage Signature Bank’s new loan production office located in downtown Milwaukee.

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What Banks Can Learn from Social Media Apps

By David Lester

With technology advancing at an exponential rate, it seems as though most banks have fallen behind the curve when it comes to their mobile app capabilities and enticing a millennial audience. A generation that demands superior service, convenience and accessibility at their fingertips, millennials will follow where amenity leads and unfortunately simply having a mobile app will no longer suffice. So what exactly does the largest generation in the U.S. expect from its bank in terms of mobile technology? Here are a few features in high demand: (more…)

New Study Identifies Threats and Opportunities for Financial Institutions Within the Digital Banking Space

ath Power Consulting, a leading financial services research and strategy firm, has released of the fourth edition of The ath Power Consumer Digital Banking Study, a detailed assessment of digital banking usage, offerings, delivery methods, and customer experiences at financial institutions nationwide.

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Century Bank and FHLB Dallas Help Fund New Project

March 24 – A $287,000 Affordable Housing Program (AHP) grant from Century Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) will help fund the construction of a $10.2 million construction project, the Wa-di Housing Project, a 41-unit apartment community for very low- and low-income residents on the Kewa Pueblo Reservation in New Mexico.

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Banks Talk About the Challenges of the Universal Banker Model

White Paper  |  August 2016

Executive Summary

An ever-growing number of banks and credit unions are electing to introduce the Universal Banker model into their branch networks. This approach — in which bank employees are trained to perform multiple tasks ranging from traditional teller transactions to more specialized services like opening accounts and processing loans offers advantages to both customers and employees.

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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…)

Banking Agencies Issue Joint Report to Congress

March 21 – Continuing their efforts to reduce regulatory burdens while ensuring the safety and soundness of the nation’s financial institutions, member agencies of the Federal Financial Institutions Examination Council have issued a joint report to Congress detailing their review of rules affecting financial institutions. (more…)

Banking Industry Opposes Full Repeal of Dodd-Frank Law

March 21 – Most bank executives and board members don’t want Congress and President Trump to totally dismantle the Dodd-Frank Act, according to Bank Director’s 2017 Risk Practices Survey, sponsored by FIS. Just 20 percent believe the law should be repealed in its entirety, a reflection of the significant investment made by the industry to comply with its requirements.

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First Commonwealth Bank and Sageworks Partner to Provide ALLL Technology

March 15 – Sageworks, a financial information company that provides lending, credit risk and portfolio risk solutions to banks and credit unions, announced its partnership with First Commonwealth Bank, headquartered in Indiana, Pa., to enhance its allowance for loan and lease losses (ALLL) calculation process and methodology.
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