Monthly Archives: April 2018

‘Those Little Assistances … Which Only Banks Can Give’: A Q&A with the CEO of the Oldest Community Bank in the U.S.

April 30 — Washington Trust, the oldest community bank in the United States, has 21 branch locations in Rhode Island and one in Connecticut, as well as multiple mortgage, commercial lending and wealth management offices located throughout Rhode Island, Connecticut and Massachusetts. BankNews’ contract publications editor, Kristin Rulon, spoke with Washington Trust’s Chairman and CEO, Ned Handy about what it’s like to be part of the oldest community bank in the nation.


USDA Pledges 7 Million to Support Specialty Crop Industries

April 30 — The U.S. Department of Agriculture will provide $7 million to support 11 projects in six states to develop solutions to challenges affecting the specialty crop industries that cross state boundaries. The funds will be managed through the Specialty Crop Multi-State Program administered by the Agricultural Marketing Service.


Most Banks Are Embracing Open APIs, Real-Time Payments

April 30 — Driven primarily by regulatory mandates in Europe, open banking is beginning to take off in North America as well, due to market competition. ACI Worldwide’s 2018 Global Payments Insight Survey: Retail Banking finds that 87 percent of banks globally plan to more forward with open application programming interfaces. Moreover, the number of banks emphasizing real-time payments has doubled, rising from 31 percent in 2017 to 62 percent in the present study.


St. Louis Fed Announces New Community Development Advisory Council Members

April 30 — The Federal Reserve Bank of St. Louis appointed five new members to its Community Development Advisory Council, which meets twice a year to inform St. Louis Fed President James Bullard and community development staff about relevant issues and development efforts in the District. The first meeting for 2018 will be April 25-26 in Louisville.


Atlanta Fed Adds New Officers

April 27 — Anoop Mishra has been named vice president and regional executive for the Birmingham Branch, and Donna Fay will assume the duties of assistant vice president, corporate secretary, and assistant to President Raphael Bostic and First Vice President Marie Gooding.


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