Mutual Banks | ABA Banking Journal: Recent Episodes
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At the midpoint of the year, what's the M&A outlook like for community banks?
The post Podcast: M&A outlook with Paul Davis appeared first on ABA Banking Journal.
NVE Bank will be operated as a division of Ion Bank.
The post Mutuals Ion Bank, NVE Bank plan merger appeared first on ABA Banking Journal.
Anne Tangen, a bank IT expert-turned-CEO at BankFive in Fall River, Massachusetts, talks about BankFive's efforts to reduce friction in the account opening process, as well as her work to smooth the path for talented women in the community bank C-suite.
The post Podcast: Reducing the friction in banking appeared first on ABA Banking Journal.
Late in 2023, Warsaw Federal — a $71 million mutual savings and loan in Cincinnati — was officially designated as a minority depository institution. The move to MDI status is part of the 130-year-old bank’s pivot to serving its community more deeply while building its capital base to support growth. On the latest episode of […]
The post Podcast: MDI status helps a mutual bank supercharge its strategy appeared first on ABA Banking Journal.
Julieann Thurlow, ABA’s 2023-24 chair, unites financial inclusion and financial innovation.
The post Banking at the intersection of mission and opportunity appeared first on ABA Banking Journal.
Cape Cod 5 in Hyannis, Massachusetts, and Fidelity Bank in Leominster, Massachusetts, are merging under the same holding company.
The post Massachusetts mutuals to combine under single holding company appeared first on ABA Banking Journal.
The Office of the Comptroller of the Currency this week appointed six new members to its Mutual Savings Association Advisory Committee.
The post OCC Mutual Savings Association Advisory Committee names new members appeared first on ABA Banking Journal.
How does a community bank whose bread and butter was mortgage lending make the business sustainable in a time when mortgages have increasingly moved to the nonbank sector?
The post Podcast: How a community bank boosted its consumer mortgage program appeared first on ABA Banking Journal.
After a long legislative and regulatory advocacy effort, federal thrifts can finally elect "covered savings association" status, allowing them to exercise national bank powers without having to change their charters, holding companies or cultural identities as savings institutions.
The post Podcast: How can federal mutuals and thrifts benefit from HOLA flexibility? appeared first on ABA Banking Journal.
After spending more than a quarter century in de novo commercial banks, Dave Hanrahan made a career move to a mutual savings bank, and he hasn't looked back.
The post Podcast: Making the move from a stock bank to a mutual appeared first on ABA Banking Journal.
Cloud migration was a big deal for banks before COVID, but it kicked into a higher gear than ever as the pandemic drove virtual banking, digital workflows and remote work across the industry.
The post Podcast: A community bank CEO’s perspective on cloud migration appeared first on ABA Banking Journal.
The American Bankers Association and several trade groups sent a joint letter to Treasury Secretary Janet Yellen, once again urging the agency to revise its regulatory treatment of Emergency Capital Investment Program investments.
The post ABA and banking groups ask Treasury for flexibility in scheduling ECIP closing dates appeared first on ABA Banking Journal.
While many larger banks have created "chief diversity officer" roles over the past several years, that role has been more of a rarity at smaller banks. Until now.
The post Podcast: Breaking Ground as a Community Bank Chief Diversity Officer appeared first on ABA Banking Journal.
Time is running out for the Federal Reserve to make a simple but critical fix to ensure infusions of funds reach disadvantaged communities.
The post Without ECIP Fix, Many Eligible CDFIs, MDIs Will Be Left Out of Key Investment Opportunity appeared first on ABA Banking Journal.
The CFPB found that depository lenders had the highest amount of publicly available information about diversity and inclusion in the financial services sector.
The post CFPB: Banks Providing Most Public D&I Information Among Financial Services Providers appeared first on ABA Banking Journal.
The Federal Reserve has released a long-awaited set of frequently asked questions regarding its approach with regard to OCC-regulated federal savings associations and federal mutual savings banks that choose to exercise the option to become a “covered savings association,” as allowed by Section 206 of the 2018 S. 2155 regulatory reform law.
The post Fed Clarifies Its Approach to HOLA Flexibility appeared first on ABA Banking Journal.
With the Treasury Department investing $8.7 billion in community development financial institutions and minority depository institutions through its Emergency Capital Investment Program, ABA and several other trade groups this week urged the Federal Reserve to revise quickly its regulatory treatment of ECIP investments to support the program’s success.
The post ABA, Groups Seek Changes to Support Sub S, Mutual Banks Receiving ECIP Investments appeared first on ABA Banking Journal.
The Small Business Administration has issued a final rule outlining procedures for appealing final SBA Paycheck Protection Program loan review decisions to its Office of Hearings and Appeals
The post SBA Issues Final Rule on PPP Loan Review Decision Appeals Process appeared first on ABA Banking Journal.
n a surprise announcement today at an mutual bank virtual forum co-hosted by the FDIC and OCC, a Federal Reserve official announced that the Federal Reserve has, via interpretive letter, determined that OCC-regulated savings associations that choose to exercise the option to become a “covered savings association” under Section 206 of the 2018 S. 2155 regulatory reform law will now be treated as national banks for purposes of regulation by the Federal Reserve.
The post Fed Announcement Adds Complications to HOLA Flexibility appeared first on ABA Banking Journal.
For Bernard Tynes, realizing the power of marketing takes the perfect combination of gut feeling and hard information.
The post Driven by Data appeared first on ABA Banking Journal.
In a letter to Acting Comptroller of the Currency Blake Paulson this week, American Bankers Association President and CEO Rob Nichols raised concerns about recent attempts by credit unions to purchase federally chartered banks, including federal mutual savings associations.
The post ABA’s Nichols: OCC Should Deny Credit Union Acquisition of Federal Mutual Banks appeared first on ABA Banking Journal.
Culture is important for every bank, but never more so than when employees are remote amid the COVID-19 pandemic. Pat Weigel discusses how Norway Savings Bank's employees build its "high-achievement, high-support" culture.
The post Podcast: Empowering Bank Employees to Build Culture from the Ground Up appeared first on ABA Banking Journal.
When Gilda Nogueira's family immigrated to the United States, East Cambridge Savings Bank in Cambridge, Massachusetts, helped them land on their feet and begin their new life in America. Today, Nogueira pays this opportunity forward through community banking as president and CEO of ECSB.
The post Podcast: The Community Bank Cycle of Opportunity appeared first on ABA Banking Journal.
On this Presidents Day bonus episode of the ABA Banking Journal Podcast, Amity Shlaes discusses Calvin Coolidge's personal and professional background, relationships with banks and bankers and how these shaped his economic policy in the 1920s.
The post Bonus Podcast: Calvin Coolidge’s Circle of Bankers appeared first on ABA Banking Journal.