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Across the country, community banks are defying the stereotype of small institutions as technological laggards, sometimes introducing useful digital features well ahead of the better-resourced and purportedly savvier big banks.
February 25 -
The bank that got Moven and Simple off the ground is coming out with real-time payments, through a clever use of debit networks.
February 25 -
The Connecticut lender overhauled its enterprise risk management system after becoming frustrated with inefficient spreadsheets.
February 25 -
The acquisitive Bank of North Carolina is using a new iPad and desktop app to help its frontline employees make product recommendations to customers.
February 25 -
An Illinois bank has pioneered the use of a mobile app that queues up ATM transactions.
February 25 -
The Boston bank has become one of the few to let customers open accounts by snapping a photo of their driver's license.
February 25 -
Using Splunk Cloud, Orrstown is trying to go beyond merely monitoring network traffic at a time when cyber threats keep mounting.
February 25 -
A stable of in-house development talent helps Florida's C1 Financial create cutting-edge apps.
February 25 -
With a strong financial commitment and a goal of "building cool stuff," the Boston community bank hopes to continue to innovate.
February 25 -
Getting employees used to using fingerprint scanners was the biggest challenge to Clear Lake Bank's biometrics project.
February 25 -
On the acquisition trail, Minnesota's Frandsen Financial picked up nine legacy imaging systems. A new system and shared database unlocked many years' worth of archived checks and statements.
February 25
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The Cleveland-based bank is projecting steady growth in net interest income even as credit losses remain manageable. But Chairman and CEO Chris Gorman also said that he thinks a recession is likely.
2h ago -
The first-quarter increase involved commercial real estate loans, including some problematic multifamily loans and an office credit, but none of the criticized loans were to consumers, officials at the Dallas company say. Further CRE deterioration is anticipated.
3h ago -
The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.
3h ago -
The House Financial Services Committee also sent to the full House two bipartisan bills, including one that would prevent large banks from opting out of having to recognize Accumulated Other Comprehensive Income in regulatory capital.
3h ago -
Charge-offs and nonperforming loans rose at the Georgia bank in the first quarter. But it blamed the problem on one large client and said the matter has been resolved.
4h ago -
Amid healthy first-quarter loan growth and improving credit quality, Discover Financial Services slashed its profits by $800 million to offset remediation costs from a 16-year period when it overcharged certain merchants.
6h ago