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Monthly Archives: December 2018

Risk, Compliance Concerns Remain High for Banks

December 28 — Despite the recent passage of regulatory relief legislation (S. 2155) by the U.S. Congress, 62 percent of respondents to Wolters Kluwer’s Regulatory and Risk Management Indicator reported they “do not anticipate a likely reduction” in regulatory burden in the coming two years.

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December Sees Continued Decline in Consumer Confidence

December 28 — The Conference Board Consumer Confidence Index decreased in December, following a modest decline in November. The Index now stands at 128.1 (1985 = 100), down from 136.4 last month. The Present Situation Index — based on consumers’ assessment of current business and labor market conditions — declined slightly from 172.7 to 171.6. The Expectations Index — based on consumers’ short-term outlook for income, business and labor market conditions — decreased from 112.3 last month to 99.1 this month.

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Payments: Looking Back at 2018 and Forward to 2019

December 27 — The state of payments is constantly evolving, and this past year has brought several major trends that will impact the direction of the industry for years to come. These major developments also point to the trends we anticipate will be the biggest drivers in payments for 2019.

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Keystone Bank Acquires Green Bank’s Austin Branch

December 26 — Bee Cave, Texas-headquartered Keystone Bank, N.A., and Green Bank, N.A., headquartered in Houston, Texas, announced that the banks have entered into a purchase and assumption agreement pursuant to which Keystone Bank will acquire certain assets and deposits associated with Green Bank’s Austin, Texas branch. Green Bank is the wholly owned subsidiary of Green Bancorp Inc.

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Majority of Bankers Are Increasing Farm Collateral

The Creighton University Rural Mainstreet Index for December rose above growth neutral after slipping below the 50.0 threshold in January, according to the monthly survey of bank CEOs in rural areas of a 10-state region dependent on agriculture and/or energy.

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