Community Banker articles from October 2001

Community Banker archives from October 2001

A message from America's Community Bankers. (president's message).
October 1, 2001... America will fight any and all attacks on our freedom and democracy. Echoing President Bush, terrorists may shake the steel foundations of our buildings; they cannot dent the steel of American resolve. Community bankers across the country...

Community Bankers are Community People for all the right reasons. (personal profiles).(Company Profile)
October 1, 2001... "Personal Profiles" explores what it means to be a community banker. We're looking for your deeds, your actions and your words in this space each month. Tell us what you find most rewarding about being a community banker or why you chose...

We will rebuild: post-tragedy instructions every bank needs to know. (nationwide news).
October 1, 2001... In the aftermath of the September 11 terrorist attack, bankers across the nation are left wondering bow to deal with the potential impact to their systems and customers. Federal agencies are responding immediately with a unanimous voice,...

Community Banks' stake in health care debate. (nationwide news).
October 1, 2001... Like a lot of employers, most community banks offer health insurance coverage to their workers. As a result, the Patient's Bill of Rights legislation will, if it passes, certainly affect the structure and cost of community banks' health plans....

Responding to the challenges of today's community bank. (professional development).(Brief Article)
October 1, 2001... America's Community Bankers is a national leader in professional development. When your bank needs to strengthen the knowledge of its management and staff, or keep up-to-date on industry issues and trends in this increasingly competitive,...

Donald E. Powell was sworn in on August 29. (national notes).(Brief Article)
October 1, 2001... Donald E. Powell was sworn in on August 29 as the 18th Chairman of the Federal Deposit Insurance Corporation.

J.C. Eversole, the founder of First Federal Saving and Loan Association of Hazard. (national notes).(Brief Article)
October 1, 2001... J.C. Eversole, the founder of First Federal Saving and Loan Association of Hazard, Ken., celebrated his 100 birthday on August 8.

Correction.(Correction Notice)
October 1, 2001... Correction: In Community Banker's August issue, the headquarters location of Ocean City Home Bank was incorrectly noted. Please note that Ocean City Home Bank is located in Ocean City, New Jersey.

Census Bureau changes way of doing business. (nationwide news).(Brief Article)
October 1, 2001... The U.S. Census Bureau, the national organization responsible for monitoring change in the American population, is looking to completely revamp the way it does business. The Census Bureau is currently planning to replace its current...

The ACB yearbook. (nationwide news).
October 1, 2001... [ILLUSTRATION OMITTED] Caption: Senior Leadership Institute Class of 2002. [ILLUSTRATION OMITTED] Caption: National School of Business Graduating Class of 2001. [ILLUSTRATION OMITTED] Caption: A Executive...

Creating your compensation masterpiece part II: strategic plans to help banks motivate and retain their best employees and sales staff.
October 1, 2001... As community banks try to maximize profitability in today's market, they must perform a tricky balancing act that attempts to manage payroll expenses while trying to attract and retain qualified staff and management. Complicating matters is the...

Banking in the big easy.(Brief Article)
October 1, 2001... Deep in the steamy center of New Orleans, bankers have been plying their trade since the late 1700s. As an industry that grew primarily out of merchant sea-commerce, the city later became one of the country's primary financial centers. Today,...

Faces in the fight against predatory lending: the debate over predatory lending practices heats up on Capitol Hill and in cities, counties, and states across the nation.
October 1, 2001... In the last year and a half, predatory lending has been a hot issue on Capitol Hill, but never more than in recent months. The battle in Washington heats up this month as players such as Democratic Senator Paul Sarbanes and Housing and...

Getting started in insurance: how can banks grow the right culture for successful insurance product sales to their business and retail customers?
October 1, 2001... It may be hard for some community banks to get excited about insurance sales. It's no wonder. After all, it takes the right mindset and corporate culture for insurance sales to succeed. One of the most important elements needed to...

How to fund mortgages profitably? Use caution. (investment management).
October 1, 2001... Many bankers have noticed that Federal Home Loan Bank "callable" advances are becoming very inexpensive. Some broker dealers are even recommending that financial institutions buy mortgage backed securities (MBS) and fund the purchase with this...

Setting financial benchmarks as an investment evaluation tool. (money & credit).
October 1, 2001... There is a good deal of discussion about financial benchmarks these days. As a general rule, benchmarks are a measuring yardstick for evaluating performance of investment portfolios and investment managers. The art of measuring investment...

A top-to-bottom review of Community Reinvestment Act regulations. (compliance review).
October 1, 2001... The Community Reinvestment Act was enacted to encourage insured institutions to serve all segments of society by lending in the communities from which they received their deposits. Much has changed since the 1977 enactment of the statute. The...

Managing your mortgage portfolio in a dynamic market. (home mortgages).
October 1, 2001... In the increasingly dynamic financial marketplace, there continues to be one constant: the need to manage interest rate risk and credit risk in any mortgage portfolio. These items have not been immune to the recent fluctuations of the regional...

The price of opportunity in stock valuations. (market maker).
October 1, 2001... This report, a quarterly feature of Community Banker, summarizes the ACB Market Maker Group's quarterly conference call. The focus of these conference calls is to serve as a forum for the exchange of ideas of mutual interest between the bank...

A growing trend, a smart solution. (subservicing).
October 1, 2001... Over the last several years, the mortgage industry has seen tremendous consolidation in loan servicing. The nation's top Five lenders currently have approximately 42 percent of the servicing market share, with five- to 10-year forecasts calling...

The dangers for Community Bankers. (money laundering).
October 1, 2001... Last year, the investigation into the laundering of $7.5 billion at the Bank of New York (BONY) and the prosecution of a former vice president of BONY raised the specter of bankers' involvement in money laundering activities. Late this summer,...

Where to go for telephone consulting on employment issues. (bank solutions).
October 1, 2001... One of the many services available to members of America's Community Bankers often goes overlooked. That's hard to imagine, especially since its free. Community bankers looking for outside expertise on employment issues can call a toll...

Electronic check truncation use growing. (technology report).
October 1, 2001... The Treasury Department is currently seeking required public feed back in order to modify its existing rules to allow the government to convert the millions of paper checks it receives each year (from taxpayers and corporations, for example)...

Hacking is on the rise. (ahead of the curve).(Brief Article)
October 1, 2001... Cyber-crime has been increasing dramatically over the last Few years, according to the Computer Emergency Response Team, or CERT, at Carnegie Mellon University's Software Engineering Institute. Even though a CERT representative tells ACB they...

Web watch www2.fdic.gov/funds/index.asp. (technology report).(Federal Deposit Insurance Corp. new database of unclaimed deposits)(Brief Article)
October 1, 2001... On Aug. 27, the Federal Deposit Insurance Corp. unveiled a Web page that allows users to search a database of unclaimed funds from failed Financial institutions, for which the FDIC was appointed as receiver, that were closed by a regulatory...

Freddie and McDonald's serve up financial literacy. (surveys & trends).(home-buying information with internet access at fast food chain)(Brief Article)
October 1, 2001... Freddie Mac and McDonald's are teaming up to ask customers: "Do you want home-buying information with that Big Mac?" Under a recent agreement between the two behemoth organizations, Freddie Mac will install computer technology centers with...

High school seniors seeking extra credit. (Ahead of the Curve).(college students and credit cards)(Brief Article)
October 1, 2001... Sixty percent of graduating high school seniors expect to get a credit card in college, and 63 percent of those teens expect to pay their own credit card bills, according a survey released earlier this year. The survey of 400 American high...

Impact of interest rates on bank spending. (surveys & trends).(Brief Article)
October 1, 2001... Half of U.S. chief financial officers say that falling interest rates have had an impact on corporate spending, according to a study of 1,400 CFOs recently released by RHI Management Resources. An additional 48 percent indicated that prevailing...

Survey asks: what would you change? (surveys & trends).(banking industry)(Brief Article)
October 1, 2001... More than one-third of consumers told bankers "don't change a thing" during a recent nationwide telephone survey commissioned by MarketPlace Bank of Florida. The survey of 1,004 people found that, among those who do want changes, there is...

The predatory lending debate. (chairman's corner).(America's Community Bankers)
October 1, 2001... Predatory lending is developing a political life of its own as city and state governments focus on the issue to try to find a legislative remedy of their own. In Washington, D.C., Sen. Paul Sarbanes (D-Md.) has made it clear that predatory...

Data bank.
October 1, 2001... banking The 9,821 United States financial institutions posted record profits of $22.8 billion in the first quarter of 2001. The number of U.S. banks will drop to 5,000 by 2007, according to one research firm. Fifty-four percent of...