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Monthly Archives: September 2017

American Banker Honors the Most Powerful Women in Banking and Finance for 2017

September 29 – American Banker magazine has announced the honorees for its 15th annual Most Powerful Women in Banking awards program.

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Dodd-Frank Regulation and its Effects on Community Banks

By Suman Ghosh 

Seven years into its enactment, Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 appears poised for an overhaul, with many wondering what can be done to reverse the impact it has had on community banks.

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Federal Home Loan Bank of New York Makes 1 Billion Dollar in Disaster Relief Funding Available

September 29 – In response to the severe and extensive damage caused by Hurricanes Harvey, Irma and Maria, the Federal Home Loan Bank of New York has made $1 billion in disaster relief funding available to its members to help rebuild communities in FEMA-designated disaster areas in Puerto Rico, the U.S. Virgin Islands, Florida, Texas and the Southeast.  The funds are being made available by the FHLBNY through its Community Lending Programs (“CLP”) to be used as both immediate gap financing and longer-term funding to restore homes and businesses.

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Federal Regulators Proposed Simplified Capital Requirements

September 28 –  Federal banking regulators have proposed simplified capital rules that would apply to mid-size and small community banks. Most aspects of the proposed rule would apply only to banking organizations that are not subject to the “advanced approaches” in the capital rule, which are generally firms with less than $250 billion in total consolidated assets and less than $10 billion in total foreign exposure. (more…)

When, Not If, Disaster Strikes

Texas’ HomeTown Bank CEO credits having an up-to-date disaster plan with its recovery efforts after Hurricane Harvey closed two branches.

By Toni Lapp, Senior Editor

If the recent hurricanes taught bankers anything, it is the importance of preparedness. Disasters don’t plan ahead, but banks can and should. On Texas’s Gulf Coast, Jimmy Rasmussen, president and CEO of HomeTown Bank, said lessons learned during Hurricanes Katrina and Ike impressed upon him the need to have an action plan. Every spring, the bank revisits the plan and updates it if gaps are discovered. (more…)

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