The trend of fintech investor groups purchasing small banks is a “game-changer” for the financial industry, said Curtis Carpenter, Hovde Group Senior Managing Director, Oct. 3 during the Bank Holding Company Association’s annual fall seminar in Bloomington, Minn. [Continue]
Three longtime leaders of family-held banks discussed the approaches they take to their positions and how they plan to keep their banks running in a panel at the Bank Holding Company Association’s Spring Seminar at Omni Viking Lakes Hotel in Eagan, Minn. [Continue]
Banks should be aware of the latest fraud trends, training and encouraging their employees to adopt “a see something, say something” approach to preventing fraud, said Fredrikson & Byron Senior Associate Caitlin Houlton Kuntz. [Continue]
Banks should only explore entering the crypto market after properly understanding the industry’s risks and undertaking necessary due diligence, according to a presentation from Wipfli LLP Principal Marcie Bomberg-Montoya and NYDIG Relationships Manager Tammy Bangs during the Spring Seminar of the Bank Holding Company Association. [Continue]
Banks and their business customers can still benefit from using the Employee Retention Credit, an industry expert said. [Continue]
Community banks must broaden their strategic planning beyond growing loans and deposits to ensure long-term survival, said a pair of CLA principals. [Continue]
Lincoln-based consultant Sean Payant urged banks to grow their organizations by adding customers and not cutting expenses. [Continue]
Economist Elliot Eisenberg said the United States will likely enter a recession. He expects the downturn to last less than a year, however, and not be as severe as the Great Recession. [Continue]
Congressional spending proposals are expected to have fewer adverse impacts for community banks than originally anticipated but still require further evaluation, said Eide Bailly partners Paul Sirek and John Fischer during the Bank Holding Company Association’s annual fall conference. [Continue]
U.S. GDP growth will likely slow next year as the economy returns to pre-pandemic levels, said United Bankers’ Bank Vice President of Risk Management James Nowak. [Continue]