BankThink

Cross River chief prepares for PPP encore

12/28/20

Gilles Gade, one our community bankers to watch in 2021, led an effort that made Cross River Bank one of the biggest Paycheck Protection Program participants. He is ready for his team to pick up where it left off when the new stimulus package kicks in.

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Credit unions get their wish with extension of CLF changes

12/28/20

Provisions implemented under the CARES Act that made it easier for institutions to utilize NCUA's Central Liquidity Facility have been extended for a year with the signing of Consolidated Appropriations Act.

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Small bank, startup join forces on compliance tech

12/28/20

Coastal Community in Washington is an investor in and the first client of Synctera, a software company that aims to help community banks manage their fintech relationships, including regulatory obligations.

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Sudden change at the top of New York Community

12/28/20

Longtime chairman and CEO Joseph Ficalora will step aside Thursday as head of the regional bank and be succeeded by CFO Thomas Cangemi.

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Goldman’s Sheila Patel, chairman of $1.8 trillion manager, to retire

12/28/20

Patel is among Goldman Sachs's most senior women and shepherded some of its highest-profile relationships with investors around the world.

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Fed won praise for 2020 crisis response, but will its hands be tied in '21?

12/28/20

The Federal Reserve is credited with containing damage to the financial system from the coronavirus pandemic, but experts say the limits of the central bank’s power to prop up the economy will likely become more apparent in the new year.

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OCC again overreaches on preemption law

12/28/20

Brian Brooks, the acting comptroller of the currency, used a selective (and dubious) interpretation of the Dodd-Frank Act to argue for more say on when banks can preempt state law.

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Access Denied: The financial media

12/28/20

Just like the industries that they cover, the lack of Black representation among news outlets acts as a barrier against understanding and eliminating systemic racism.

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Access Denied: The financial media

12/28/20

Just like the industries that they cover, the lack of Black representation among news outlets acts as a barrier against understanding and eliminating systemic racism.

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Coronavirus may have permanently changed face-to-face member service

12/28/20

Many consumers started using digital payments out of necessity once the pandemic struck. They may continue as it recedes because they like the convenience.

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