As we enter the new year, the future of a federal agency long pilloried by many community banking advocates for imposing new compliance restrictions on small lenders remains uncertain.
BancAlliance headed back to Miami this year, spending two glorious days in the sun while discussing everything from ever-more-elusive financial covenants to the new beneficial ownership rules.
In mid-November, 14 bankers attended a two-day session hosted by the BancAlliance Consumer Loan Program.
CECL will have a wide-ranging impact on financial institutions’ allowance processes; experts recommend getting a head start on developing that holistic approach.
Congratulations to our fellow member Tennessee State Bank, who recognized the changing needs of their customers and, in response, executed a well-researched plan to bring their consumer lending capabilities up to the millennial approved standard.
The financial technology (fintech) revolution has transformed consumer banking behavior – changing everything from the way individuals manage their personal accounts to how they obtain credit and pay their public and even private debts.
After a delightful outdoor lunch in the sunny and swampy (this is D.C. after all) garden of the St. Regis hotel, we elected the 2017-2018 BancAlliance (BA) Board in a resoundingly enthusiastic and unanimous election.
Five years ago, a small bank that almost no one had ever heard of launched an epic battle against three of the largest financial institutions in the world for their role in facilitating a crisis that began more than a thousand miles away.