Banks articles

Election 2020: How will community banks fare?

Election 2020: How will community banks fare?

After a rollercoaster year, the 2020 election will offer its own twists and turns as it relates to power in the White House and on Capitol Hill. But what do all the potential election outcomes mean for community banks? Here, ICBA’s political experts prognosticate what the regulatory environment could look like depending on who is in power after Election Day.

Oak Valley Community Bank staff

3 banks investing in communities under the CRA

Many community banks invest in low- and moderate-income neighborhoods to make lasting impacts while also getting Community Reinvestment Act, or CRA, credit. This work to aid and rebuild communities is the direct result of the close ties community banks develop with the people they serve. Here’s how three community banks are making powerful investments under the CRA.

CFO Roundtable participants

CFOs on how to account for the year’s uncertainty

The Paycheck Protection Program (PPP) has been a lifesaver for many U.S. businesses during the COVID-19 pandemic, but it’s also required many community banks to make significant adjustments with respect to business practices, roles, budgeting and projections. We spoke to several chief financial officers and other community bank executives about how they are handling these changes.

Mary Quist presents Jim Amundson with an honorary $20 million check

Medica’s $20 million deposit at community banks

Often, our good deeds have a butterfly effect among those around us. As health insurer Medica deposits $20 million across dozens of community banks in Minnesota, it will allow these institutions to make more loans locally and spur economic activity. By Ed Avis When leaders at Medica, a nonprofit health insurer in Minnesota, sought an […]

A hand flipping a switch

LIBOR: What are your options after it ends?

As LIBOR’s retirement approaches, here’s what community banks can do now to prepare for the switch, even if they haven’t settled on which index they plan to use. By Katie Kuehner-Hebert The retirement of the London Interbank Offered Rate, or LIBOR, is fast approaching. Community banks that use LIBOR to price certain loans should be […]

COVID-19’s ripple effect on lending

The COVID-19 pandemic has reshaped daily life, including how community banks and their business customers interact. It’s precisely because of the crucial role they play in their communities that community banks have stepped up to aid customers, provide financial relief and continue to make loans during this uncertain time.  By Beth Mattson-Teig Community bankers are […]

best of the best

ICBA’s best-performing community banks

Our annual list of the year’s top-performing community banks boasts institutions that focus on efficiency and the personal service that builds strong, lasting relationships. Their success last year has set them up to ride out this year’s storm. Less Than $300 Million By William Atkinson State Bank of Wheaton stays lean and green Drew Donnelly, […]

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