COLLINSVILLE, Okla. - American Bank of Oklahoma ("ABOK" or the "Bank") announced today that it entered into a settlement agreement with the U.S. Department of Justice to resolve the government's claim that the Bank had not adequately served the residential mortgage lending needs of residents in certain minority neighborhoods in the Tulsa...
As community banks continue to find innovative ways to compete with larger financial institutions, providing their customers with banking services that can exceed their expectations is a great way to add value to the relationship and retain customers. Recently, Nashville-based Studio Bank began to participate in Corserv?s Account Issuer program whi...
The controversy surrounding AI has been nothing short of polarizing. On one hand, AI holds the promise of transformative benefits, including improved efficiency and advanced decision-making. On the other hand, it has raised a slew of contentious issues, such as algorithmic bias and discrimination, potential job displacement due to automation, conce...
In the face of inflation and economic uncertainty, consumers are increasingly seeking ways to make their money go farther. Community financial institutions’ dedication to service and the mass amount of customer and member data they have makes them the ideal trusted partner to step up and help consumers during this turbulence. But doing so effecti...
It’s probably not a surprise that cyberattacks remain one of the top concerns of banks and credit unions. Financial service providers, after all, represent a veritable goldmine of personal information – from customers’ home and email addresses to Social Security numbers, income information, saving and investment accounts, and more – w...
Banks and credit unions have been through the wildest year in a decade. Among macro challenges, the rising rate environment put a micro-focus on retaining deposits. But while it’s easy to find articles from experts and analysts on how to keep rate-sensitive depositors from leaving, most are overlooking the most important nuance in that challenge:...
Bluestone's seasoned commercial construction lending team closes another milestone transactionRAYNHAM, Mass., Oct. 18, 2023 - Bluestone Bank is excited to announce its pivotal role in providing financing for over 130 units at Larkwood in Raynham, Massachusetts. Located just a stone's throw away from Bluestone's headquarters, thi...
LUXEMBURG, Wis. (September 2023) — Bank of Luxemburg is thrilled to announce the newest addition to its community banking family, Dennis Tienor, who joins the bank as Vice President of Commercial Lending. With a wealth of experience spanning nearly three decades in the banking industry, Dennis brings a passion for building strong relationships wi...
In today’s constantly changing digital world, technology continues to reshape the way we manage our money. As advancements in technology revolutionize the world of payments, the speed at which transactions take place has also greatly increased. Regulatory compliance efforts must keep pace with these technological advancements and be capable of re...
Subscribe to our newsletter to stay.
