Meeting Coverage

ICBA goes bold with AI demo

The future, as they say, is here. Here being Nashville, Tenn., where on the second day of ICBA Live, the future was carried onto a stage in the form of Sophia, a robot draped in haute couture in the style of Audrey Hepburn, a female gendered artificial intelligence who listened and was capable of engaging … Read more

De novos: Refiguring the cost of entry

The economy has a lot of influence on the de novo market, which might be picking up, albeit tepidly. James LaPierre, FDIC Kansas City Regional Director, shared at a seminar hosted by the Eide Bailly accounting firm that as of Nov. 1, that the FDIC has approved nine applications for FDIC insurance so far this year and the agency currently is considering 12 pending applications. [Continue]

New SIFI threshold boosting M&A?

Merger and acquisition activity in the banking industry continues to touch about 5 percent of the nation’s banks. Roughly, the industry loses a bank every business day. As some new investor groups come forward, an acquisition doesn’t always mean the loss of a charter, but usually it does.

S. 2155, the reg relief bill passed in May, is likely to mean an increase in the number of potential buyers. Karen Grandstrand of the Fredrikson & Byron law firm in Minneapolis noted at the Bank Holding Company Association Fall Seminar in early October that the new law changes the meaning of “Systemically Important Financial Institution,” a designation created by the Dodd-Frank Act. [Continue]