Recently added articles from Bank News:
Treasury's Blueprint
May 01, 2008; Poquette, Bill ... A Solution in Search of a Problem Combining the federal bank regulatory agencies is an idea that has been discussed from time to time for as long as I can remember. It hasn't happened in more than three decades, so I'm not holding my breath while waiting for implementation of the U.S ....
monthly interest
May 01, 2008; Anonymous ... Consumers still trust the printed statement to provide secure financial information instead of all the other electronic options available, according to independent research released by InfoPrint Solutions Co., a joint venture between IBM and Ricoh. Fifty-seven percent of respondents said ...
new solutions
May 01, 2008; Anonymous ... Open Solutions Offers Online Account Opening Glastonbury, Conn. www.opensolutions.com Open Solutions has partnered with uMonitor, a customer acquisition and retention service provider, to facilitate online account opening and offer enhanced online banking services for ...
Internal Efficiency Improves Customer Service
May 01, 2008; Romano, Ria ... "Initially the IT division was on a theoretical '25th floor' and everyone was taking the stairs," says Garry Petzold, the chief IT officer at First State of Altus, Okla. "To better serve our customer base, while also meeting the needs of our bank's technology infrastructure, I started ...
Optimize Your Budget with Better Service Contracts
May 01, 2008; Swanston, Steve ... Current economic conditions beginning with the first interest rate cut last year by the Federal Reserve Board in September, coupled with a weakened real estate market, rising non-interest expenses, shrinking net interest margins and the increased likelihood of a recession - have culminated in ...
In Search of the BIG CATCH
May 01, 2008; Krajicek, Gabriel ... The contest for core deposits is getting more competitive every day. For community financial institutions, the battle for market share is even fiercer as they compete with the well-funded marketing efforts of the mega-banks and Internet banks. No longer are free accounts or toaster giveaways ...
Mixing Assets, Liabilities and Basketball
May 01, 2008; Poquette, Bill ... Long rates are high and short rates are low and it is going to stay that way for some time in the view of Jim Reed, senior vice president of UMB Bank in Kansas City. During an asset-liability management seminar at the bank recently Reed said, "We've got to face what reality is and work our way ...
Community Banks as Guides to Local Government: Help Avoid the Hippos
May 01, 2008; Harris, John ... They say 40 percent of all statistics are wrong. Given current conditions, this funny phrase expresses about the same level of certainty enjoyed in credit markets these days. It is not so funny when we consider the outcome of reliance placed on market experts who devised and engineered ...
Loan Enforcement - Improving the Odds
May 01, 2008; Campbell, Michael A ... With problem real estate loans on the rise and a declining market outlook, the challenge of obtaining full recoveries on loans is daunting. But there are a number of steps you can take that will significantly improve your chances of making a full recovery on a bad credit. Here are just a few ...
on the move
May 01, 2008; Anonymous ... James H. Echtermeyer Bankers' Bank of the West, Denver Bankers' Bank of the West, Denver, has added James H. Echtermeyer to its staff as senior vice president-finance. He is slated to succeed Jim Williams as chief financial officer when Williams retires at yearend. Echtermeyer ...
around the region
May 01, 2008; Anonymous ... Centrue Financial Corp. has relocated its corporate headquarters to St. Louis from Ottawa, Ill. The company said it is moving the headquarters to its most promising growth market. "In an effort to allocate our resources to the markets within our footprint with the highest potential for ...
Brian Lee
May 01, 2008; Anonymous ... Brian Lee has been named vice president of software development for Cypress Software Systems LP, North Richland Hills, Texas. He brings more than 19 years of ...
National City Corp.
May 01, 2008; Anonymous ... National City Corp., Cleveland, has announced that its board of directors is reviewing a range of strategic alternatives for the company. The company said there can be no assurance that this review will result in the company undertaking any particular transaction. Goldman Sachs has been retained ...
Bank of America
May 01, 2008; Anonymous ... Bank of America, Charlotte, N.C., has announced it will expand its asset-based lending capabilities to serve smaller middle-market businesses as a result of its acquisition of a former LaSalle Bank business unit, LaSalle Business Credit. Bank of America Business Capital will form a new national ...
Jeffrey A. Layman
May 01, 2008; Anonymous ... Jeffrey A. Layman has been promoted to chief investment officer at BKD Wealth Advisors LLC, a wholly owned subsidiary of BKD LLP, Springfield, Mo. Formerly a principal, Layman is the first individual to hold the chief investment officer post since the subsidiary's inception in ...
Banking groups have responded
May 01, 2008; Anonymous ... Banking groups have responded to Federal Reserve proposals to protect consumers from unfair and deceptive home mortgage lending practices. They generally support the Fed's efforts but warn against lumping prime mortgage loans with subprime in the regulation. While generally supporting ...
A nationwide survey of FDIC-insured depository institutions
May 01, 2008; Anonymous ... A nationwide survey of FDIC-insured depository institutions to assess their efforts to serve unbanked and underbanked individuals and families will be conducted this spring by the FDIC. This survey is the first of its kind at the national level, the FDIC said. "This is a critically ...
The FDIC Board of Directors
May 01, 2008; Anonymous ... The FDIC Board of Directors has voted to keep the assessment rates charged to insured banks and savings associations for the Deposit Insurance Fund unchanged for 2008. The existing assessment rate schedule is 5 to 43 basis points per year; most institutions will be charged a rate between 5 and 7 ...
Dr. James B. Bullard
May 01, 2008; Anonymous ... Dr. James B. Bullard has been appointed president and CEO of the Federal Reserve Bank of St. Louis by that bank's board of directors. The appointment has been approved by the Federal Reserve Board. Bullard succeeds William Poole, who retired March 31 after serving in that position for 10 ...
Clarence K. "C.K." Lee
May 01, 2008; Anonymous ... Clarence K. "C.K." Lee has been named regional director the for Office of Thrift Supervision's Midwest Region. Lee, who is currently managing director for complex and international organizations in the Washington, D.C., office, ...