The financial condition of the nation’s bank and credit union industries are possibly the strongest we have seen in our lifetime. That will prove to be invaluable as we come to grips with the full impact of COVID-19. Federal and…
Community Banks Take Helm
After nearly 18 months gliding on cruise control with a target Fed Funds Rate at an attractive 5.25%, the Fed cut rates a half point at an emergency meeting. That was September 2007, and we all know what followed. Several…
Community Bank Asset Growth
Community Bank Assets Continue to Grow We ended calendar 2019 on a positive note, with a list of 50 community banks with large volumes of time deposits on their books. It wasn’t just time deposits that were up, though. Total…
Branches Left When Needed Most
Bank Branches Left When Needed the Most Almost half of counties across the country gained, or at least maintained, the number of branches operating there between 2012 and 2017. Sound positive? It’s not. That means that over half of U.S.…
Economy Relies on Community Banks
U.S. Economy Relies on Community Banks We promised you more information regarding community bank earnings last week, and we will get to that. But first, we would be remiss if we did not mention the passing of former Federal Reserve…