A new era in deposit insurance?

Has deposit insurance changed forever? Regulators boldly protected all depositors at Silicon Valley Bank and Signature Bank when they failed. Is 100 percent coverage of bank deposits now the norm? [Continue]

Is your core a cost center or a catalyst for growth?

In their efforts to win and maintain market share, many community bankers have recognized the need to invest in innovation. The problem is innovation efforts are often focused on front-end technologies, such as websites or mobile apps. Meanwhile, the back-end technologies, including legacy core banking systems, are left in place.  [Continue]

Gruenberg: Banks face credit risks from loss of office space

The reduction in occupied commercial real estate space caused by a mass shift to remote work poses credit risks for banks, FDIC Chair Martin Gruenberg said in a March 7 speech during an Institute of International Bankers conference. The national average vacancy rate increased to 12.5 percent by the end of last year from 9.6 percent in March 2020. [Continue]

Remembering the man behind the Guenther-gram

I was saddened to learn of the Jan. 25 death of Kenneth Guenther, the leader of the Independent Community Bankers of America from 1982 to 2004. When I bought this magazine to start NFR Communications in 1992, Guenther was one of the first people to reach out to me. [Continue]

Retirements cause leadership shake-up at region’s Fed Banks

Charles Evans and Esther George were both born on January 15, 1958, which means they bumped up against the Federal Reserve’s mandatory retirement age for bank presidents last month. Leadership changes, therefore, are underway at the Chicago and Kansas City Federal Reserve Banks: Austan Goolsbee was named the new president and CEO of the Federal Reserve Bank of Chicago. The Federal Reserve Bank of Kansas City has yet to permanently fill the vacancy created by George’s departure; she was replaced on an interim basis by Kelly Dubbert, first vice president and chief operating officer.  [Continue]

The 3-minute, fixed-rate loan

Buy Now, Pay Later,” that point-of-sale tool consumers are increasingly using to break purchases into bite-sized payments, may be the flavor of the month to some, but it doesn’t whet Greg Ohlendorf’s appetite. [Continue]

ICBA: Don’t subject community banks to climate change risk proposal

The Independent Community Bankers of America wants the Federal Reserve Board to exempt mid-size and small banks from climate risk management policies being established for large banks.
The drafted policies would require that banks respond by strengthening their governance, strategic planning, risk management oversight and data reporting practices. [Continue]

Duty of Care: Community banks step up amid child care shortage

While the pandemic significantly impacted all industries, many have clawed their way back even as inflation, labor shortages and supply chain constraints continue. Child care has been a slightly different story, with a crucial industry failing to rebound since 2020 put it in freefall. [Continue]