Community Banker articles from October 2000

Community Banker archives from October 2000

Community Banks and Customer Service.(Brief Article)
October 1, 2000... This month's issue provides a very good example of what community banking is all about today--providing choices and options to best meet the needs of your customers and community. For many community banks, this means broadening services to...

ACB Urges Government to Make Housing a Priority.(Brief Article)
October 1, 2000... In an effort to expand homeownership opportunities and reduce the number of Americans living in substandard shelter or paying too much of their incomes .for housing, ACB has joined four major trade associations to call upon prospective...

Deposit Insurance Reform Options Paper Issued.
October 1, 2000... The Federal Deposit Insurance Corp., seeking public comment on a range of issues in deposit insurance as a step toward system reform, issued an options paper on Aug. 9 that outlines options for changes in FDIC insurance premiums, insurance fund...

Thoroughly Modern Mutuals.
October 1, 2000... A look at institutions that are enhancing' the image of mutuality through customer service and new products and services When the country's first mutual institution, Provident Institution for Savings, was established in 1816 in Boston,...

Increase Your Margin and Grow.
October 1, 2000... New Ways of Looking at Your Institution's Financial Performance The U.S. economy is experiencing its longest economic expansion, unemployment is at its lowest level in 30 years, asset quality is strong, loan growth is robust and bank...

Internet Lending: Happily Ever After?
October 1, 2000... How the Internet affects consumers, banks and business Once upon a time, not so very long ago, shoppers couldn't simply walk into a supermarket and take what they wanted from the shelves. They stood at the counter of the greengrocer, or the...

Full Service and Growing.
October 1, 2000... What is the secret that allows a community bank to become such a successful full-service provider that it can outcompete its giant, national competitors? Sugar beets, for one thing. As Steven Worwa, president and chief executive officer of $275...

YEARBOOK MEMORIES OF GRADUATION.
October 1, 2000... Commencement exercises were held this summer for graduates of ACB's National School of Banking and Executive Development Program. The National School ceremony, held on July 21, celebrated the accomplishments of the 50 graduates ill their 24...

Incentives and Rewards Solving the Dilemma of What to Pay Whom.
October 1, 2000... A sense of common purpose. Alignment of goals. Teamwork. Whether yours is a de novo bank or has been in the family for 100 years, the result of a series of mergers and acquisitions or steadfastly independent, the surest way to keep employees...

Should We Take More Credit Risk?
October 1, 2000... As I look at the balance sheets of community-based financial institutions around America, I am struck by a curious fact. Most community-based financial institutions have very conservative balance sheets. Certainly they are more...

Two Views on Subprime Lending: Clarifying the Debate.
October 1, 2000... The public policy discussion on subprime lending too often has been clouded by the use of ambiguous and imprecise definitions. The most obvious sign of confusion has been the interchangeable use of the terms "predatory lending" and the...

Fair Lending Challenge: New Simulated Lending Game.(Brief Article)
October 1, 2000... With the advent of the OTS announcement that approved "mystery shopping" as a Fair Lending compliance tool, this month's column discusses a unique risk management resource available to ACB members. Wes Zickefoose and Jennifer Amalfitano of PCi...

OTS to Issue a Privacy Preparedness Check-Up.
October 1, 2000... The Office of Thrift Supervision is set to issue a compliance tool to help savings associations prepare for the July 1, 2001, deadline for compliance with the privacy requirements. The final interagency regulation implementing the privacy...

national notes.
October 1, 2000... Federal banking regulators have proposed to streamline and consolidate the Call Report, a move which ACB supports. However, ACB is against the requirement that banks report on subprime loans in accordance with the proposal's definition. In...

what's new in the federal guide.
October 1, 2000... Joint Final Rule * Privacy of consumer Financial information Federal Housing Finance Board * Consolidated obligations Federal Financial Institutions Examination Council (FFIEC) * Uniform retail credit classification and...

stateside.
October 1, 2000... Area Bancshare Corp., the largest bank holding company in Kentucky, recently announced that its affiliated bank network would undergo a name change and become Area Bank. The name change will affect 72 Kentucky state locations and 98 ATM...

eCharge Acquires Bank and Partners With WAMU.
October 1, 2000... Seattle-based eCharge Corp., partnering with one of the nation's leading financial services companies, Washington Mutual Inc., has announced that it will release "an Internet purchasing solution, eCharge Net Account, offering consumers and...

Freddie Mac and LendingTree Integrate Technologies.
October 1, 2000... LendingTree Inc.'s Lend-X technology and Freddie Mac's Loan Prospector mortgage evaluation and processing tools are being integrated as part of a multi-year agreement, expected to be available on the market during the fourth quarter of 2000....

S1 Corp. Announces New Banking Solution.
October 1, 2000... Atlanta-based S1 Corp. has released an updated version of its S1 Corporate Suite to provide financial institutions a customizable and efficient platform from which a wealth of transactions can be conducted and information can be shared. ...

Webwatch.
October 1, 2000... Standard & Poor's third quarter ratings can now be completely viewed or downloaded from its Web site at www.standardpoors.com/ratings. This edition, along with covering the financial services industry, includes articles that focus on...

Small Businesses Credit Market Trends.(Brief Article)
October 1, 2000... Small businesses cite "relationship with loan officers" as a primary reason for doing business with a provider nearly twice as often this year as in 1999, according to the 2000 National Small Business Survey. PSI Global conducted this recent...

Interview Bloopers.(Brief Article)
October 1, 2000... It's a tight job market and can be a challenge to find and keep the right employees. A recent survey by OfficeTeam asked executives about the most unusual candidates they had interviewed. Here are some of the bottom-of-the-barrel choices you'll...

A Good Worker Remains Hard to Find.
October 1, 2000... In June, the unemployment rate fell to 4 percent and the total available pool of workers (which continues to fall monthly) reached 9.8 million (down from 10.2 million in May). Anyone who has tried to hire new employees this year has probably...

Silent Communication.
October 1, 2000... A recent survey of chief financial officers predicts that old-fashioned talking is on its way out among executives in the finance field. Out of 1,400 randomly selected CFOs of medium and large U.S. companies, only 7 percent believe that the...