Western News

What Makes a Bank One of the 15 Best-Run Community Banks?

April 19 — Based on an analysis of data from more than 4,100 banks in the United States, Sageworks has identified the 15 best-run community banks. The standings were based on a combination of return on average assets and efficiency ratio. Banks from 12 states are included in the list.


Los Angeles Advances Requirement that Banks Disclose Predatory Sales Goals

April 4 — The Los Angeles City Attorney’s Office has released an amended “Responsible Banking Ordinance” with language requiring any bank contracting with the city (or applying for a city contract) to disclose its sales goals and other potentially predatory business practices. If passed by a full city council vote, the rules would be the first of their kind nationwide and will require that the financial institutions bidding for Los Angeles’ $17 million taxpayer-funded contracts are transparent about their sales goal tactics and employee compensation.


Seattle Bank Upgrades Digital Without Decreasing Branch Presence

March 7 — Seattle-based HomeStreet Bank has rolled out a newly designed website along with a variety of digital upgrades. In addition, the bank continues to expand its branch presence in the area.


Texas Bank Invests in Local Microbusiness Initiatives

March 1 — Woodforest National Bank, The Woodlands, Texas, and non-profit Association for Enterprise Opportunity, Washington, D.C., are collaborating on a program to provide guidance and technical support to “Main Street” businesses. The three-year initiative, which has multiple collaborators, is launching in March, following a seed money grant from Woodforest. The program aims to help microbusinesses grow and hire more personnel.


Video Banking Allows Face-to-Face Interactions Outside the Branch

February 14 — Torrance, Calif.-based CalCom Federal Credit Union has elected to adopt POPin Video Banking Collaboration in an effort to grow it’s digital services and build more personal relationships with members.


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