Community Banker articles from February 2000

Community Banker archives from February 2000

New Options for Off-Premise ATMs.
February 1, 2000... How can you expand your bank's presence, improve service to your customers, and protect your hard-earned geographic franchises from encroachment by megabanks? One possible solution: Partner with an independent service organization, or ISO, to...

Record Bank Earnings in Q3 '99.(Statistical Data Included)
February 1, 2000... U.S. commercial banks posted record quarterly earnings thanks to growth in non-interest income, lower charges for mergers and acquisitions, and the recovery of world markets after the economic scares of 1998, according to the Federal Deposit...

November Credit Card Charge-offs Stable.(Brief Article)(Statistical Data Included)
February 1, 2000... Bank credit card charge-offs were little changed in November, according to Standard and Poor's, a New York City-based financial information provider. Despite increased spending for the holidays, credit card trust performances remained...

E-Trade Gets Go-Ahead for Telebanc Purchase.(Brief Article)
February 1, 2000... Online brokerage firm E-Trade has received provisional permission from the Office of Thrift Supervision to acquire Telebanc Financial Corp. and its subsidiary, Telebank, a $4.0 billion asset Internet savings institution. The deal between...

Greenspan Redux.(Brief Article)
February 1, 2000... In January, President Bill Clinton found himself on conspicuously safe political ground when he nominated Federal Reserve Board Chairman Alan Greenspan, 73, to lead the Fed for a fourth consecutive four-year term. Greenspan is hailed as the...

December Secondary Market Survey.(Brief Article)(Statistical Data Included)
February 1, 2000... The Department of Housing and Urban Development's Dec. 1, 1999, survey of market conditions for fixed-rate, long-term, level payment home loans and interest rates for home construction funds found that the most frequently quoted contract rate...

Ford Credit to Pay Compensation.(Brief Article)
February 1, 2000... In mid December, the auto financing unit of the Ford Motor Co. agreed to pay $650,000 to settle an action brought against it by the Federal Trade Commission for allegedly violating the Equal Credit Opportunity Act by discriminating against...

Payday Lenders Should Disclose.(Brief Article)
February 1, 2000... America's Community Bankers is strongly supporting a Federal Reserve Board proposal that "payday loans" be subject to Truth in Lending Act disclosures. "Given the arguably predatory business practices frequently associated with some payday...

Members Given Privacy Disclosure Model.(Brief Article)
February 1, 2000... America's Community Bankers has provided its members with an interim model for privacy disclosures. Given the high profile of consumer privacy on the legislative calendar for 2000, ACB suggested that members begin disclosing their privacy...

more info.(Brief Article)(Directory)
February 1, 2000... AMERICA'S COMMUNITY BANKERS [www.acbankers.org] CHARLES SCHWAB [www.schwab.com] DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT [www.hud.gov] E-TRADE [www.etrade.com] FEDERAL DEPOSIT INSURANCE CORP. [www.fdic.gov] ...

Innovative Banking.
February 1, 2000... What Will Technology Mean for Community Banks? Few people alive 100 years ago could have imagined the extent to which technological innovations--electricity, the automobile, the telephone, the airplane, the television and the...

Technology Planning.(Brief Article)
February 1, 2000... Thinking of Taking a Great Leap Forward? Bankers and Industry Experts Share Strategies on Making Your Technology Investments Work Just a couple of years ago, the average age of the customers of Woronoco Savings Bank in Westfield, Mass., was...

managing Sweeps.(Brief Article)
February 1, 2000... A Look at Commercial Demand Deposit Options When it comes to the prospect of Congress letting banks pay interest on business checking accounts, New Englander Dennis Byrd, chief financial officer at $200 million Coastal Bank in Westbrook,...

Personal Digital Assistants.(Brief Article)
February 1, 2000... Part One of a Two-Part Series on Wireless Communications When Bernard Breton, a 40-year-old vice president and project manager at a Wall Street firm in New York City, super-glued his aging Texas Instruments PocketMate organizer to his...

Full-Service Efficiency.(Brief Article)
February 1, 2000... The Glass Steagall Act is history. The walls between banking, insurance and brokerage have come down. I have been asking community bankers what they plan to do to take advantage of this. The answers I am getting are not reassuring. I hear a lot...

Looking at FHLB Modernization.(Brief Article)
February 1, 2000... Most of the headlines about the landmark financial modernization package enacted last year focused on the elimination of the traditional barriers between banking, investment banking and insurance. But changes to the Federal Home Loan Bank...

Internet Option: Banksite.(Brief Article)
February 1, 2000... As a cornerstone of its strategic plan for 1999, Pulaski Bank, a $250 million community savings institution in St. Louis, decided it would have an Internet site up and running by the end of the year. But before it had done much more than...

surveys & trends.(Brief Article)
February 1, 2000... Higher Salaries for Finance Pros Starting salaries for accounting and finance staff are expected to rise by an average of 4.65 percent in 2000 due to higher performance expectations and continued strong nationwide demand for professionals...

Internet Services Continue to Blossom.(Brief Article)
February 1, 2000... Web-based Consumer Debt Trading E-Debt Exchange plans next month to launch E-Debt.com, an online venue for trading distressed credit card and consumer installment debt to meet the demands of a rapidly expanding market in the debt-trading...

Walking the Technology Walk.(Brief Article)
February 1, 2000... You might say that Bay-Vanguard Federal Savings Bank has a top-down commitment to technology. The $58 million Baltimore-based mutual institution has a chief executive who's wired and reachable via the Internet at the office and at home....

data bank.(Brief Article)(Statistical Data Included)
February 1, 2000... Online Banking About 81 million people have access to the Internet in the United States. It's estimated that there were 1.45 billion websites at the end of 1999. In December 1997, some 2,000 banks offered online banking services....