Independent Banker

Founded in 1950, Independent Banker is a monthly trade magazine published by the Independent Community Bankers of America.

Articles from Vol. 59, No. 1, January

15 Minutes With
Jay FrinkPRESIDENT AND CEO, BANK 360 IN BERESFORD, S.D.Q. Describe Bank 360's customer baseA. We have three locations, and they're in different markets. Two of our locations [Beresford and Elk Point] are in small communities with populations of 2,000....
A Light in the Darkness: Main Street Doing Fine
- FIGHTING FOR COMMUNITY BANKERS: AN ICBA TIMELINE- MAKING OUR WAY BACK: ICBA MAPS THE WAY TO FINANCIAL RECOVERY- SCORING POINTS: ICBA'S INPUT IN THE ECONOMIC STABILIZATI ON ACTTHE ECONOMY IS FALTERING, MAJOR INSTITUTIONS ARE CRUMBLING AND CONSUMERS...
A New Year's Resolution
What a difference a day makes much less a year. One year ago, each of us as community bankers was operating within a much different environment. We knew too-big-to-fail was a reality, but we did not know we would have the opportunity to watch it up close...
Are Netbooks for You?
They're relatively inexpensive-generally selling from $300 to $500. Sometimes called "mini-laptops," they have most of the features of the typical laptop and, often, a modest hard drive.They have pre-installed systems (Windows or Linux). Their screens...
Banking at the Speed of Light
More and more community banks are offering Web-based applications to increase customer convenience and reduce costs. However, the growth of digital banking will be constrained unless both financial institutions and consumers are assured that the channel...
Bank Notes
ICBA Independent Banker encourages reader comments and dialogue on issues that confront us all as well as on specific ar ticles that appear in the magazine. Letters should be sent by e-mail to magazine@icba.org. There are no restrictions on length, but...
Change We Can Believe In
President-elect Barack Obama's mantra-to "hit the ground running" on Jan. 20-is not surprising, given that his now famous campaign theme was "change you can believe in," and his transition Web site is even named www.change.gov. Well, Obama better wear...
Community Banks Weren't the Problem: Reg Z Rules Revision Unfairly Penalizes Them
IN ONE SENSE, THE FEDERAL RESERVE BANK'S RECENTLY FINALIZED RULE TO AMEND REGULATION Z (REG Z) PROVISIONS ON MORTGAGE LENDING PRACTICES HAS LITTLE TO DO WITH COMMUNITY BANKS.Because community banks prosper from long-term customer relationships, they...
Experts' Perspectives
THREE ADVERTISING AND MARKETING PROFESSIONALS OFFER SOME IDEAS ON BANK OF AMERICAN FORK'S COMMUNICATIONS EFFORTS.Lisa Davis JamesAssociateCartwright CommunicationsSalt Lake CityWorth Quoting:"Bank of American Fork did quite a few things right-but the...
Instruction for Uncertain Times
ICBA National Convention workshops address challenges and opportunities aheadith all the Sturm und Drang affecting the largest financial institutions for the past few months, a cloud of gloom and uncertainty has hovered over our general industry and...
International Payments Services
Demand, Competition Heat UpNot long ago, U.S. companies doing business internationally had it fairly easy-at least when it came to paying their foreign vendors and suppliers. Because the U.S. dollar was stronger and in higher demand then, many American...
Leading Edge
The leadership qualities of today's community bankers instill confidence and loyalty."It is the nature of our business. We are close to our customers, we are a small business and we are playing with our own money."-John Buhrmaster, 1st National Bank...
Payment Predictions: REVISITING THE PAST AND PREDICTING THE FUTURE
LAST JANUARY, I KICKED OFF 2008 BY REFLECTING UPON THE PREVIOUS YEAR'S DEVELOPMENTS IN PAYMENTS FOR COMMUNITY BANKS AND BY THINKING ABOUT HOW THOSE DEVELOPMENTS WOULD SHAPE THE UPCOMING YEAR AND BEYOND.I considered check image exchange, "on-we" networks,...
RIGHT from the Beginning
OFTEN ROWING AGAINST THE CURRENT OF THE TIMES, ICBA HAS FOUGHT EXCESSIVE FINANCIAL CONCENTRATION FOR DECADES.1930 - 2008 Nearly 80 Years of WarningFrom its rebellious grass-roots birth on America's wide prairie nearly eight decades ago to the halls of...
Saluting Young Savers
IN LADD, ILLINOIS, NORTH CENTRAL BANK BRANCH MANAGER KIM MCKEE AND HER COLLEAGUES HELP THE KIDS OF PUTNAM COUNTY GAIN FINANCIAL LITERACY THROUGH THE SUPERSTAR SAVERS KIDS CLUB.The village of Ladd, Ill., situated about 90 miles west-southwest of Chicago,...
Taking the Call
Tapping into the latest telecom marketing technologyMany consumers today prefer nonconfrontational channels to consider financial sales and marketing information. Consequently, community banks that incorporate free, 24-hour telephone lines with recorded...
The First Bank of the United States
Its headquarters still in Philadelphia stands as a U.S Historic Landmark, controlled by the National Park Ser vice.Established in 1791 and viewed as the progenitor of the Federal Reserve System, the First Bank of the United States was the first attempt...
The Makeover of Wall Street and the Biggest Lesson for Investors
The Wall Street that we knew for decades is no more. In the biggest makeover of banking and investment banking in modern history, the face of Wall Street is quite different.And the pained expression on that face has a huge lesson for investors who don't...
The Purge Paradigm: Take Back Control of Your Documents
Community banks, indeed every business, create more electronic documents every day, which presents businesses with the challenge of properly managing an ever-increasing volume of electronic files. But instead of striving to deal with more electronic...
Utah's Largest Community Bank Had the Answer
INDYMAC BANK FAILS, AND THAT'S JUST THE START OF A STEADY STREAM OF DISTURBING ECONOMIC NEWS. CONCERNED CUSTOMERS HAVE QUESTIONS.What do you say?"I know Bank of American Fork is going to be one of the last banks standing," one customer said. "But how...
What to Anticipate from the Obama Administration
With this month's inauguration of Barack Obama as the 44th president of the United States coming at a time of great financial and economic uncertainty, the nation's eyes are focused on how the Illinois Democrat will address the current economic turmoil.Because...
Yield Curve Ride: CAN PRODUCE SOME THRILLS
ARE YOU A PORTFOLIO MANAGER WHO IS DETERMINED TO GET BACK TO FUNDAMENTALS? HAVE YOU GOTTEN TIRED OF RELATIVE ILLIQUIDITY IN HIGH-QUALITY INSTRUMENTS? HAVE YOU HAD YOUR FILL OF SPREAD WIDENING AND HUGE BID/ASK SPREADS, EVEN IN GOVERNMENT-SPONSORED ENTERPRISE...