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Bill Poquette

Toward a More Modern CRA

Regulators and industry groups ramp up discussions.

By Bill Poquette, Editor-in-Chief

In late August last year, the Office of the Comptroller of the Currency released an Advance Notice of Proposed Rulemaking seeking comment on the best ways to modernize the Community Reinvestment Act. A couple of months later, Comptroller Joseph M. Otting was quoted as saying revising the CRA was the No. 1 reason he was lured to Washington from his post as CEO of OneWest Bank in sunny Southern California.

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Three De Novos: From the Beginning

Past success motivates veteran bankers to repeat the process.

By Bill Poquette, Editor-in-Chief

Six de novo banks opened around the country last year. Two more have opened thus far in 2019, and at least two more were close to opening late in the first quarter; another 10 have received conditional approval from the FDIC and are in the process of raising capital.

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The Next Big Thing?

BB&T-SunTrust may start a new merger wave.

By Bill Poquette

This is huge. BB&T and SunTrust, the 16th and 17th largest U.S. banks, are merging. The combined bank jumps to No. 8 after the four multi-trillion behemoths, then Goldman Sachs, Morgan Stanley and U.S. Bank.

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Deposits, Politics, Tech: MBA’s Executives Consider 2019

By Bill Poquette and Alaina Webster

Liquidity is a top concern of both bankers and their regulators. As such it occupied a prominent spot on the program for the Missouri Bankers Association’s recent Executive Management Conference. As one of the leadoff speakers for the Dec. 5-7, 2018 meeting in Kansas City succinctly described the situation, loan growth continues to outpace deposit growth, and banks have shifted cash flows from investments into loans.

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Credit Unions’ 2019 Wish List

More liberal field of membership rules are a top priority.

By Bill Poquette

What’s on credit unions’ advocacy wish list this year? Sure, they want some of the same things banks want: reduced examination burden on smaller institutions; guidance and resources for coping with CECL; collaboration on cybersecurity standards; a regulatory environment that fosters growth — things that would benefit all community financial institutions.

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