New Bank & Credit Union Star-Ratings; What a Difference a Decade Makes December 18, 2019: BauerFinancial, Inc., Coral Gables, FL, the nation’s leading independent bank and credit union rating firm, is pleased to announce that new ratings, based on September…
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…
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 Chairman Paul Volcker, who served from…
It’s Tru(ist), There’s a New Era in Big Banking
It’s Tru(ist), There’s a New Era in Big Banking The merger between two southeast powerhouses: 5-Star Branch Banking & Trust (BB&T), Winston-Salem, NC and 5-Star SunTrust Bank, Atlanta, GA closed on Friday, December 6, 2019. The resulting Truist Bank, will…
Thanksgiving Dinner Cost Rises 1st Time in 4 Years
Thanksgiving Dinner Cost Rises 1st Time in 4 Years Every year we look forward to the American Farm Bureau Federation (AFBF) release telling us how much Thanksgiving Dinner should cost. And every year we go shopping and spend considerably more…
De Novo Class of 2019; ILCs Need Not Apply
De Novo Class of 2019; ILCs Need Not Apply This year is shaping up to have the most de novo bank activity in a decade. Ten banks opened their doors during the first three quarters of the year and eight…
Three Banks Close in a Span of Eight Days
Three Banks Close in a Span of Eight Days The third FDIC-Insured bank in a span of eight days was closed on November 1st. Zero-Star City National Bank of New Jersey was closed by the Office of the Comptroller of…
Two Banks With Much in Common Fail
Two Banks With Much in Common Fail Two banks failed last Friday (October 25th). That’s as many as have failed in the previous two years combined. The immediate question that came to our mind was, what do these two banks…
Credit Unions Up Credit Card Lending
Credit Unions Up Credit Card Lending In the past five years, the nation’s credit unions have increased their credit card lending by 36% (see chart 2). Some of that increase is because more of the industry is offering credit cards…
In Search of Low Cost Funding
In Search of Low Cost Funding We know very well that it’s not what you want to hear, but community banks are in need of low-cost (or no-cost) deposits. Two weeks ago (JRN 36:38) we reported on some creative ways…