Community Banker articles from August 2000

Community Banker archives from August 2000

A New Era for Community Bank Directors.
August 1, 2000... With so much discussion of late regarding industry convergence following in the contrail of the financial modernization law enacted last year, one thing seems to have been left out or, at least, little noted. As community banks move to broaden...

Electronic Signature Bill Finalized.(Brief Article)
August 1, 2000... After months of arduous negotiations, the Senate (with a unanimous vote of 87-0) and the House of Representatives (with a vote of 426-4) have adopted, and President Clinton has signed, the e-signature legislation. The new law provides a uniform...

what's new in the federal guide.
August 1, 2000... Gramm-Leach-Bliley implementation * FRB and Treasury: Financial subsidiary, financial holding company and merchant banking investment interim regulations * FDIC interim final rule: Activities and investments of insured state banks ...

national notes.(Brief Article)
August 1, 2000... The Financial Accounting Standards Board, or FASB, is considering an adoption of a new accounting standard that would require banks to mark all financial assets and liabilities to market. ACB has told the board that such an accounting change...

Changes to Desktop Underwriter System.(Brief Article)
August 1, 2000... Fannie Mae has announced new improvements to its Desktop Underwriter System (DU), available July 2000. One of these changes will make DU decisions more transparent by eliminating the use of FICO scores in the system's underwriting analyses....

Community Banks Are Source of Stability.(Brief Article)
August 1, 2000... As a prelude to America's Community Bankers' "Day for Mutual Institutions" in May in Washington, D.C., D. Russell Taylor, president and chief executive officer of the Rahway Savings Institution of Rahway, N.J., had the following letter...

Using the Internet to Serve Business Customers.(Brief Article)
August 1, 2000... An examination of how banks can enhance their business banking services through the Internet Small business. Small banks. There's a nexus there, a connection that seems so logical it almost is not worth stating. The small business...

GETTING INTO MUTUAL FUNDS AND BROKERAGE SERVICES.
August 1, 2000... Pitfalls? Yes. But opportunities too. Here's how to avoid the former and cash in on the latter. If you're considering getting into mutual funds and brokerage services, do you want the good news first, or the bad news? Let's start with...

THE 21st CENTURY DIRECTOR: What Skills do They Need?
August 1, 2000... You can't escape the constant drumbeat: the banking industry is changing. Customers are changing. Products are changing. Rules and regulations are changing, technology is changing, everything is changing--but are banks' boards of directors...

Exploring New Lending Niches.
August 1, 2000... A look at community banks that are serving profitable niches in the realm of lending With the mortgage market continuing to become more competitive, some community banks are turning to niche lending markets to secure more revenue. However,...

Multi-family MBS Deserve a Look.(Brief Article)
August 1, 2000... Most of you are familiar with "single-family" mortgage loans on "one to four units" and with mortgage-backed securities composed of these single family mortgages. What about those properties that have "five units or more," called...

HUD Issues A Revised Question and Answer Document Interpreting RESPA.
August 1, 2000... Any lender, or anyone who works on lending compliance issues, has struggled for years to interpret the Real Estate Settlement Procedures Act (RESPA). Enacted in 1974, RESPA is a consumer protection statute with several major goals. It was...

The Emergence of Electronic Financial Marketplaces.
August 1, 2000... Over the last few months, we've presented a broad discussion on the current state of on-line financial services. The conclusion was that there had been a great deal of innovation in Internet-driven financial technology, and, increasingly, the...

As Sweep Accounts Continue to Grow, So Do Community Bank Options.(Brief Article)
August 1, 2000... Many ACB member institutions are familiar with The Asset Management Funds sponsored by Shay Financial Services, Inc. but may not be familiar with the most recent innovation within this popular fund family. While the AMF funds have given bankers...

technology report.
August 1, 2000... Small Businesses Are Using the Web But Are Skeptical The number of small companies conducting business on the web is growing, but U.S. small-business owners are sending mixed signals about the value of e-commerce, according to the 19th...

surveys & trends.(Brief Article)
August 1, 2000... Design and Architecture Offer HBE Corp., a prominent designer and builder of financial services facilities, has announced a new offer, the PerformanceFirst[TM] Guarantee, that reduces a client's financial risks during up-front design,...

data bank.(Brief Article)
August 1, 2000... internet In 1999 total employees within the Internet economy was 2.5 million vs. 1.9 million for the U.S. Post Office. The Internet will reduce the demand for paper by 2.7 million tons annually. There were 267 billionaires in the...