THREAT, RESPONSE: Big banks' involvement in Apple Pay adds "just another level of pressure" on small banks, said Bob Steen (left), CEO of Bridge Community Bank in Iowa. Small banks need to form coalitions to participate in high-tech payments and "not let the big banks take that away from us," said Patrick Frawley, the CEO of Community & Southern Bank in Georgia.
The mobile wallet finally has some real momentum. Will the biggest banks use the opportunity to take business from their smaller peers?

Top Stories

The rise of microbreweries and farm-to-table restaurants is a sign that Americans are increasingly willing to sacrifice scale and endless options to support businesses that cater to local tastes and values.  more »
The Senate Banking Committee debated a host of regulatory relief issues Tuesday, among them the question of whether examiners are holding small banks to unreasonable standards.  more »
Capital Bank Financial shares a problem with other investor-backed companies built to make a lot of bank acquisitions: their stocks trade at low premiums because they are overcapitalized, but they are unable to deploy their capital in M&A deals because of those low stock values.  read more »
Disruptors
Apple's long-anticipated move into mobile payments seemed to cover all the bases — Apple Pay will launch with the support of major banks, card networks and retailers. But there were several things that didn't make it into the first version of its mobile wallet.  read more »
Customers of Simple, a unit of BBVA, have complained in recent weeks about delays and failures in scheduled payments, highlighting digital-only banks' dependence on third-party providers and antiquated legacy systems.  read more »
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Nope, it's not more money, at least not directly. The key to hiring a good loan officer, or retaining one, is said to be showing that your mortgage shop can close loans on time, act professionally and protect employees' reputations in the market.  read more »
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