News Topic: Community banks

Demand has soared for mental health services as bank employees put in long hours, supervise kids while working at home and endure personal crises. Citi, BofA, Fifth Third and others are getting creative to help them decompress during the pandemic. ... Read full article

The Office of the Comptroller of the Currency watered down numeric metrics that some groups blasted and allowed more institutions to opt out of the new regime. But whether the agency has won over any detractors remains to be seen. ... Read full article

The sellers will continue to service the loans and retain the fees they receive from the Small Business Administration. ... Read full article

The final regulation will significantly revise a December proposal, responding to concerns from stakeholders. Meanwhile, in a surprising move, the regulator who had championed the reforms is expected to resign this week. ... Read full article

Mike Maddox will succeed George Jones on June 1. ... Read full article

Nicolet Bankshares said its lagging stock price would complicate efforts to complete its planned purchase of Commerce Financial. ... Read full article

The order's removal allows the Delaware company to pursue more opportunities in its payments business. ... Read full article

Bracing for a prolonged economic slowdown, many community bankers say they are considering a number of belt-tightening measures, including freezing salaries and delaying investments in technology and product development, according to a survey by Promontory ... Read full article

Often overlooked in narratives about essential workers, branch and call-center employees are responding to challenges posed by the COVID-19 crisis. They’ve processed emergency-relief loans late into the night, coached customers unfamiliar with mobile ... Read full article

The Independent Community Bankers of America accused the National Credit Union Administration of using the coronavirus outbreak to usher in additional changes without the normal amount of scrutiny. ... Read full article

Coronavirus has taken bankers out of their comfort zone. But they should view adaptations they’ve made in confronting the pandemic as a chance to hone their emergency response skills, not a permanent new normal. ... Read full article

Seneca-Cayuga Bancorp's capital levels have fallen steadily since peaking in 2013. ... Read full article

Bankers are bracing for accusations of discrimination in the way Paycheck Protection Program loans were allocated. ... Read full article

Organizers of Rockpoint Bank still need to raise $30 million before opening. ... Read full article

Federal regulators are now conducting nearly all supervision off-site as a result of the pandemic. The temporary measures are stoking a debate about whether they should be permanent. ... Read full article

Regulators need to revamp their proposal to overhaul the Community Reinvestment Act now that the coronavirus outbreak has created unforeseen financial needs. ... Read full article

Funneling fees from emergency loans to feed the hungry. Supporting psychological counseling for health care heroes and financial advice for the poor. Backing retrofits of customer operations to produce protective gear for front-line medical personnel. ... Read full article

Tinker Federal Credit Union's deal for Prime Bank in Edmond, Okla., is set to close later this year. ... Read full article