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Association Updates

KC Fed Publishes Book on History of America’s Black Banks

The Federal Reserve Bank of Kansas City announced the publication of its latest history book, Let Us Put Our Money Together: The Founding of America’s First Black Banks. The brief historical account explores the efforts to establish the first African American banks in the United States.

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True Tales of Ownership Succession

By Bill Poquette, Editor-in-Chief

The sometimes painful process of bank ownership succession planning was highlighted at the recent Nebraska Bankers Association annual convention by a panel of CEOs who became new owners when presented with the opportunity by previous owners.

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Texas Bankers Association Awards Presented

Cornerstone and LiFE Awards

The Texas Bankers Foundation, the philanthropic arm of the Texas Bankers Association, presented the annual Cornerstone and Leaders in Financial Education (LiFE) awards to four banks at a special luncheon on May 2, during the association’s 135th Annual Convention, held in Austin.

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Georgia Governor Signs SB157 at CBA of Georgia Headquarters

On May 2, Gov. Brian P. Kemp signed SB 157 into law at the Community Bankers Association of Georgia headquarters before a group of community bankers from across the states.

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Credit Card Market Expanded in Q4 2018

Credit card use continuted to expand in the fourth quarter of 2018, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Compared to the previous quarter, purchase volumes increased for super-prime (+2.7 percent) and prime accounts (+1.4 percent), but declined modestly for subprime accounts (-0.9 percent). On an annual basis, purchase volumes increased across risk tiers, particularly among subprime (+9.1 percent, or $18/month) and super-prime accounts (+8.6 percent, or $54/month).

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