Coronavirus: What lenders should do now
With cash flow, liquidity and credit tightening drastically across industries, and in the face of historically low interest rates, lenders will face several new and unique challenges over the coming months as the full effects of the coronavirus pandemic are felt throughout the economy ...
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Architects help bankers weather the worst
Natural disasters are nothing new, but climate scientists are predicting more extreme weather events, which will continue to affect entire ...
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Win young customers through reputation, better advertising
While younger generations happen to be primarily big-bank customers, it’s not necessarily because they like to. Big banks capture their ...
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Independent bankers have fighter at the wheel in Noah Wilcox
Noah Wilcox has had it up to his ears with the gloom-and-doom attitude that community bankers are unable to compete ...
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Chronicles
First bank failure of coronavirus era
The First State Bank, based in Barboursville, W.Va., was closed by state regulators April 3. MVB Bank, Inc., of Fairmont, ...
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SBA makes changes to PPP to encourage community bank involvement
The Small Business Administration modified guidelines for its Paycheck Protection Program in order to encourage community banks to participate in ...
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Unemployment claims surge by 6.6 million
More than 6.65 million people filed new unemployment claims in the week ending March 28. This doubled the record set ...
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SBA will begin accepting CARES loan applications April 3
The Small Business Administration and the Treasury Department are mobilizing banks to get $349 billion in capital to small businesses ...
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Federal agencies offer reg relief to small banks
Federal agencies are extending grace periods for submitting documents and encouraged small-dollar lending as economic conditions remain uncertain ...
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Stimulus package approved, bank exams reduced
The White House and the senate reached an agreement on a coronavirus stimulus package on March 25, which aims to ...
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People
FPC names new executive director
The U.S. Faster Payments Council named Reed Luhtanen, payments expert and industry veteren, as its executive director on March 25 ...
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Stearns Bank names new director
Kathy Persian has joined the board of Stearns Bank N.A., St. Cloud, Minn. She is SVP/CIO for Schwan's Company, Bloomington, ...
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Minnesota Bank & Trust names president
Stephen Bishop was named president and CEO of Minnesota Bank & Trust, Edina, succeeding Ken Brooks ...
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Opinion
Crisis response should be practical, empathetic
In these uncertain times, questions swirl among community bankers about the best way to support their customers and communities through ...
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AI deployed as CRM tool for wealth managers
Practifi is a Chicago startup developing business management tools for financial institutions and wealth advisors. Adrian Johnstone and Glenn Elliott, ...
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Does your bank have a remote work plan?
All banks are required to assess the risk of a pandemic to their business and have a plan to address ...
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Community Relations
Banks respond to crisis, invest in communities
Banks in Iowa and Minnesota announced new programs and donations which will benefit employees and community members during the COVID-19 ...
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Park Financial to set up emergency loan fund
Minneapolis-based Park Financial Group announced an emergency loan fund of approximately $30 million to help local businesses impacted by the ...
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Ames bank holds blood drive
First National Bank in Ames, Iowa, is helping its community by hosting a blood drive in partnership with LifeSere Blood ...
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