Community banking

CECL down, but not out

03/27/20

Lawmakers and regulators opted to delay compliance for banks that have implemented the credit loss standard, sparing them near-term capital hits.

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Corbat urges caution; Goldman donates masks

03/27/20

Citigroup CEO says it’s a “fine line” between supporting customers and burdening them with debt; Goldman gives away 600,000 N95 masks it had from prior scares.

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Coronavirus hardships behind California bank chief's decision to retire

03/26/20

Tom Meyer, CEO of 1st Capital since 2015, decided to step down because shelter-in-place orders are keeping him from family hundreds of miles from the bank.

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Banks tolerate credit-line draws in coronavirus crisis — for now

03/26/20

Drawdowns on C&I credit more than quadrupled in a seven-day period ended March 25. Lenders may try to rein them in if the crisis drags out, but legal precedent isn’t on their side.

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Fed gives small banks 30-day reprieve to file holding company reports

03/26/20

The regulator's extension for first-quarter documents applies to BHCs with less than $5 billion in assets.

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Organizers plan new bank in Georgia

03/26/20

A former market president for State Bank Financial would serve as CEO of the proposed Classic City Bank.

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OceanFirst in N.J. gives early glimpse into coronavirus exposure

03/25/20

The company is one of the first to share information on impacted clients, forbearance requests and emergency loan applications.

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Small-dollar loans highlight banks’ coronavirus relief efforts

03/25/20

Many banks are offering low-interest loans to help consumers and small businesses withstand the economic shocks of the pandemic. Some are also doing away with ATM, overdraft and late fees because, as one CEO put it, that revenue “is not the most important thing right now.”

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Stop what you’re doing and help the Fed

03/25/20

Banks and credit unions should make it their top priority to pair with the central bank in distributing financial relief to small businesses, even if that means putting everything else on hold.

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Bank CIOs confront challenge of so many employees working at home

03/24/20

As companies move work off-site because of the pandemic, a host of issues have arisen around remote access, network monitoring and cybersecurity.

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