More than 9,850 bankers hosted financial education events across the country in celebration of Teach Children to Save day this year. Since 1997, the American Bankers Association Foundation’s financial education initiatives have reached 10.5 million young people with the help of more than 260,000 banker volunteers.
Millennials aren’t ruling it out — by a long shot.
Many Americans fail to benefit from the booming stock market because they think they lack the money and — more importantly — the know-how to invest, according to recent research from New York-based STASH, a consumer investing app. Moreover, a disturbing number of U.S. consumers are willing to gamble their retirement on a lottery win in the place of a sound investment strategy.
Consumer credit delinquencies were mixed in last year’s fourth quarter, with delinquencies falling for the composite index of closed-end loans and rising in other open-end loan categories, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. Overall, delinquencies fell in 6 of the 11 categories tracked by ABA while five categories rose.
By Lonnie Harris
We are fortunate enough to work with many community banks in several states. We lead or participate in asset/liability committee meetings almost every single day and are constantly working with bankers to prepare and respond to examiners’ very detailed questions. While helping bankers meet their regulatory requirements is satisfying, it is far more rewarding to help bankers efficiently manage their banks.
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.