Tech contest

The FDIC has launched a competition to create a next-generation data gathering system for the banks it supervises. Some two dozen companies are participating in the effort to create tools that will make data collection more comprehensive, more timely and less burdensome. FDIC Chair Jelena McWilliams told the Wall Street Journal she’d like the system to be so robust that it eventually replaces the call report. [Continue]

#QuickTakes: TJ Minnehan

Wisconsin’s TJ Minnehan, a 2020 Rising Stars in Banking honoree, contrasts his experience working at both a big bank and a community bank, describes the reservoir of mentor relationships he’s built and considers CRE demand amid economic uncertainty. [Continue]

#QuickTakes: Heather Malcolm

Heather Malcolm, a 2020 Rising Stars in Banking honoree, describes her work promoting the ag industry with the American Bankers Association, how technology has or hasn’t changed how rural banking, what it’s like being a young, female ag loan officer in a field where the default is old and male, and the current state of the ag industry. [Continue]

Navigating the pandemic

There is a “hunkering down” mentality among managers in this environment. That’s understandable. Almost no organization can realistically plan for record earnings this year. But let’s not close our minds to the possibility of opportunity. Despite a lack of precedent and a lack of information, you will need to make important decisions in the coming months to navigate this environment. [Continue]

Who was the intended PPP target?

Who were the intended PPP grant recipients? At first, it was any company with fewer than 500 employees but then companies with access to other sources of investment, particularly the capital markets, were deemed ineligible. As news about the program spread, some suggested that profitable companies shouldn’t be eligible for the money. [Continue]

#QuickTakes: Shawn Rost

Shawn Rost, immediate past chair of the South Dakota Bankers Association, relates the ups and downs of local ag, loan demand and tourism, describes how adoption of technology and working from home have accelerated, and shares FDIC Chair Jelena McWilliams message to SDBA bankers at their annual convention. [Continue]