Community Banker articles from June 2000

Community Banker archives from June 2000

Our Focus: Getting It Right.(America's Community Bankers)
June 1, 2000... My first months at ACB have been challenging, exciting and most definitely a learning experience. I want to tell you some of what I have learned from our members who shared their thoughts with me in my travels across the country, from our...

ACB Continues To Push For Electronic Signature Law.(Brief Article)
June 1, 2000... America's Community Bankers joined with a number of national trade associations and companies representing all aspects of the U.S. economy in a joint letter to Capitol Hill law-makers expressing "unified support for the prompt enactment of...

State Bank Supervisors Stress Cooperation.(Brief Article)
June 1, 2000... What a difference a few years make. In the mid-1990s, the Conference of State Bank Supervisors (CSBS) was suing Eugene Ludwig, in his capacity as Comptroller of the Currency, over the agency's preemption of state laws. Last month, state...

Make Your Voice Heard In ACB--Participate.(America's Community Bankers)(Brief Article)
June 1, 2000... America's Community Bankers is proud of the fact that we are member-driven. This sets us apart from other organizations and guarantees that your voice on ACB policies and priorities makes a difference. Being heard also means speaking up. I...

Gauging Your Bank's ROM.(return on marketing)(Brief Article)
June 1, 2000... Determining a Community Bank's Return on Marketing Can Be a Difficult Challenge. Here's What Some Are Doing to Put More Science into the Art of Bank Marketing Crafting an effective marketing plan for a community bank and measuring the...

Data Mining Defined.
June 1, 2000... Data Mining and Similar Terms, Including Customer Relationship Management, Describe New Technological Tools for Delving Into Data and Identifying Profitable Opportunities or Enhancing Valuable Customer Relationships Conventional wisdom...

Credit & Debit Cards: Can Community Banks Compete?
June 1, 2000... Whether as an Issuer or an Agent, Community Banks Have Competitive Options When It Comes to Providing Their Customers Card Products and Services With large credit card issuers looking for increasingly bigger volume and scale to reduce...

A New Paradigm in Mortgage Lending?(Mortgage Finance Partnership)
June 1, 2000... `The Other GSE' Says It Has a Better Way for Community Banks to Originate Fixed-Rate Mortgages and Better Manage Interest Rate Risk. How So? Three Letters: MPF When Alex J. Pollock talks about fixed-rate mortgages, he views them as having...

Your New Weapon in the War for Deposit Dollars.(Index-Powered certificates of deposit)
June 1, 2000... You are unhappy. New deposits are hard to come by. Deposit dollars you have had for years, and have thought of as "core" deposits, are walking out the door to go to the Nasdaq. This is not new. Deposits have been disappearing for years and...

The Electronic Revolution, Part II: Mortgage Origination.(online mortgage management)
June 1, 2000... This is the second of a two-part series on the technology-driven revolution in financial services. As we've noted, we are in the early stages of almost unparalleled change in financial services. The previous column focused on the payment...

Profitable Growth and the Funding Challenge.(Brief Article)
June 1, 2000... If your community bank is like most, you are experiencing a significant challenge securing funds to grow your institution. Competition for your core deposits continues, and while more options are available to support loan growth, the challenge...

Job Experience Often A `Catch-22' For New Grads.(Brief Article)
June 1, 2000... Proving a cliche come true, it may in fact take experience to get experience. That's according to a survey of executives showing that what recent college grads did between classes may be more important than what they did in class. The...

Financial Psychology: Payments & Privacy.(psychology of direct deposit and payment)(Brief Article)
June 1, 2000... A new financial poll found that while almost two-thirds of people (67 percent) believe their information is safe with Direct Deposit, almost the same percentage (64 percent) erroneously believe that personal information is less likely to remain...

Business Growth Risky, Despite Optimism.(Brief Article)
June 1, 2000... The financial services industry's optimism about the economy is causing a buildup of embedded risk in bank portfolios, according to two senior bank regulators. The warning should be a concern to the banking industry, the two warned at a...

`Love Bug' Redux: Keeping Alert to Danger.(Brief Article)
June 1, 2000... In just 12 hours early last month, the so-called "Love Bug" virus spread itself in computers throughout the world. Its speed took even the most hardened security experts by surprise. Forrester Research of Cambridge, Mass., offered an...

Salem Bank To Offer Free Internet Access.(Salem Five Cents Savings Bank of Salem, Massachusetts)(Brief Article)
June 1, 2000... In an innovation suited to the digital age, a Massachusetts bank is set to offer free Internet access beginning this month to anyone via the bank's website. Salem Five Cents Savings Bank will offer the service via its award-winning website,...

FiServ Cites Web In Profit Boost.(Brief Article)
June 1, 2000... The Fiserv UniFi Products, Group, of Planation, Fla., attributed its strong first-quarter growth in part to having its mortgage origination and Internet products onto the Web. The company attributed the growth to the introduction of...

Calif. Community Bank Aligns With Cobaltcard.(Heritage Bank of Commerce in San Jose)(Brief Article)
June 1, 2000... Heritage Bank of Commerce, an almost $500 million community bank in San Jose, Calif., has started a partnership with Cobaltcard, based in San Francisco, to offer young people a chance to get used to using credit cards--without the risk of...

`Bank in Your Pocket': Mobile Phones Gain in Europe.(Brief Article)
June 1, 2000... Use of the mobile phone may be the next "killer application" for banking and other financial services in Europe, according to a new report. The report, released May 31 by U.K.-based Datamonitor, notes that like online stock trading, many...

data bank.(Brief Article)(Statistical Data Included)
June 1, 2000... credit and debit cards Today's 15 million U.S. college students control more than $100 billion in purchasing power. Eighty-three percent of college students use credit cards and many carry the same card after graduation. Affinity...

ACB Special Report.
June 1, 2000... Final Regulations on Privacy of Consumer Financial Information Background Where can these regulations be found? The regulations were released by the federal banking agencies on May 10, 2000, and will be printed within the next two...