Congressional scrutiny grows over SVB, Signature collapses

Congress has scrutinized the work of financial regulators for their work in supervising Silicon Valley Bank and Signature Bank. In a March 20 letter, House Committee on Financial Services Chair Patrick McHenry (R-N.C.) and Senate Banking Committee Ranking Member Tim Scott (R-S.C.) requested Federal Reserve Chair Jerome Powell provide a timeline of events of the … Read more

Understanding deposit pricing stats

In times of volatility, it is critical to know how to interpret aggregated cost of funds data and correctly understand the pricing marketplace today. You may be familiar with Mark Twain’s opinion of statistics — “There are three kinds of lies: Lies, damned lies and statistics.” [Continue]

Port Washington State Bank hires VP, bank secrecy officer

Wisconsin-based Port Washington State Bank named Joe Loebl vice president and bank secrecy officer.  Loebl has 17 years of experience in financial services, including 13 as a Bank Secrecy Act and Anti-Money Laundering compliance professional. Loebl has a Bachelor of Arts degree from Denison University, Granville, Ohio. Loebl, who is certified by the Association of … Read more

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]

Building a better data analysis process

Banks need to be acutely in-tune not only with the state of the economy, but with the particular challenges their customers may face in a downturn. Already, millions of Americans are struggling to afford basic housing costs. [Continue]