How your bank can build its construction loan portfolio May 01st 2021 12:05am on Business, Focus, Lending How your bank can build its construction loan portfolio May 01st 2021 12:05am on Business, Focus, Lending The pandemic significantly changed the landscape for construction lending, but with the possibility of economic recovery on the way, there are opportunities to grow your community bank’s construction portfolio.
Make sure you’re prepared for personnel issues May 01st 2021 12:05am on Compliance, Focus, General, General, Leadership Like any business, community banks run into scenarios involving disciplining or even letting go of employees due to errors or inappropriate workplace behavior. Here’s what experts say to do in these often difficult situations, while also staying compliant.
Can you use data to grow SBA lending? May 01st 2021 12:05am on Commercial, Focus, Products & Services Small Business Administration (SBA) lending has seen major changes in the past year. Amid these trends, some community banks are harnessing internal and external data sources to find potential SBA loan customers.
Why contactless payments are here to stay May 01st 2021 12:05am on Focus, Other / Payments, Products & Services, Retail, Tech Americans were already headed toward greater adoption of contactless payments when COVID-19 changed the way they shop. Now, data shows that contactless payments will be a new normal for many, even after the pandemic. For community banks, it’s time to get ahead of the trend.
Will recreational lending grow past the pandemic? Apr 01st 2021 12:04am on Consumer, Focus, Lending Many community banks and their dealership customers saw rising demand for recreational loans as consumers, including many first-time buyers, looked to boats, RVs and other vehicles for an escape during the pandemic. Experts say this sector will remain strong this year and beyond.
4 ways to conquer compliance challenges Apr 01st 2021 12:04am on Compliance, Focus, Operations & Management For community banks, regulatory burdens and compliance costs are constant challenges. But by taking steps including building a culture of compliance, they’re challenges that can be met.
How community banks can reach Hispanic customers Apr 01st 2021 12:04am on Compliance, Focus, General, General, Operations & Management Hispanic customers and business owners are vital members of their communities. Here’s how some community banks are reaching this diverse demographic’s unique and varied needs.
COVID-19 is changing core conversions. Here’s how Apr 01st 2021 12:04am on Focus, Software, Tech As a result of COVID-19, some bank functions are being done remotely. But what about transitioning to a new core provider? Both banks and vendors report that there are clear benefits—and some drawbacks—to switching core systems remotely.
Where does your bank get legal advice? Apr 01st 2021 12:04am on Advocacy, Compliance, Focus, General, Regulation & Compliance Community banks are complex organizations with a multitude of liabilities. That’s why having sound legal advice from a firm or general counsel is increasingly necessary. Here’s what to consider when hiring a firm or internal legal professional.
Are real-time international payments the future? Apr 01st 2021 12:04am on Education & Events, Educaton, Focus, Fraud/Security, Tech Two rising technologies, faster payments and cross-border payments, are coalescing as more countries lay foundations to make such transactions possible. Experts say the U.S. is on a path to becoming one of them.
