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]
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]
Chris Lee, a 2020 Rising Stars in Banking honoree, shares the life lessons he learned from a serious health scare, what he learned from starting in accounting, and how to build a strong career in banking. [Continue]
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]
Jeremy Skoglund, a 2020 Rising Stars in Banking honoree, talks about the role mentors have played in his career, the role of continuing education in keeping the industry strong, and how technology improvements affect customer expectations. [Continue]
Sometimes the way forward is unclear and I think now is one of those times. The demonstrations and riots over injustice in our law enforcement tell us something is gravely wrong, but any answers about how to fix this remain mercurial at best. [Continue]
Bernie Gatyko, chair of the Independent Community Bankers of Minnesota, describes the CRE outlook in the state, how reopening has gone, and what changes his bank has made to its disaster preparedness plan. [Continue]
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 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]
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]