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. 2, February

15 Minutes with
Dorothy BridgesPRESIDENT AND CEOCITY FIRST BANK OF DCQ. How did you get your start in community banking?A. Right out of college, I was looking for a job ... not a career, but a job. I applied for a teller position at the local bank and got turned down...
A Member of the Team
JOEL ROSENBERG STRESSES TEAMWORK IN HIS WORK AT VALLEY BANK AND AS A VOLUNTEER FOOTBBALL COACH AT KALISPELL HIGH SCHOOL.Joel Rosenberg, 29, was born into banking: He works with his father and grandfather at Valley Bank of Kalispell in Kalispell, Mont....
An Effective Payments Strategy
It's a Good Time to Develop OneVirtually all community banks are now on board the Check 21 image exchange train. Congratulations! Take a few minutes to enjoy your successes. Now begin focusing on the next step-developing a payments strategy.Why? The...
BANK OF CHOICE USED THE RIGHT TECHNOLOGY RIGHT/Experts' Perspectives
SCENARIOSECURITY THREATS INCREASED WHEN BANK OF CHOICE EXPANDED TO BECOME A STATEWIDE INSTITUTION. HOW DID IT MEET THE CHALLENGE?In 2004, Weld County Bank, a community bank in Colorado's Evans-Greeley area, became Bank of Choice. During 2005-2006, Bank...
California Success Story
AT BUTTE COMMUNITY BANK, CREDIT CARD SALES SOAR THROUGH AGENT PROGRAMChico Mall sits at the edge of the Sacramento Valley in Chico, a Northern California city of 60,000 residents. And as is the case at most American shopping centers, credit card use...
Compelling Value in MBS
There Are Many Benefits in Imbedded-Option InvestmentsWe're going to try this story from yet another angle.Last year in this column you read about the huge yields in certain types of amortizing bank investment products. First, last February, I presciently...
Data Breach Preparedness
The number of data breaches is rising in the financial sector. According to the Identity Theft Resource Center (ITRC), during the first six months of 2008, the 342 data breaches during the period amounted to a 69 percent increase over the same period...
Finding the Right Solutions: What Will the New Congress Do?
REGULATORY STRUCTURING, DEPOSIT INSURANCE COVERAGE, CREDIT UNIONS, CREDIT CARD PRACTICES, TAX CUTS AND MORTGAGE LENDING STANDARDS STAND HIGH ON THIS YEAR'S COMMUNITY BANKING CONGRESSIONAL AGENDA.ICBA STAFFERS WEIGH IN.[overview]BY STEVE VERDIERYour ICBA...
ICBA Tells Congress Quicker TARP Funding and Reasonable Exams Needed
ICBA in ActionTo help turn around the ailing economy, ICBA Chairman Cynthia Blankenship told Congress that capital funding from the Treasury Department's Capital Purchase Program should be released more quickly to interested community banks.The quicker...
Identity Theft DEFENSES
WITH PROGRAMS IN PLACE, COMMUNITY BANKS ARE READY FOR EXAMINERS AND MAKING DATA CRIMES HARDER TO COMMIT.While liquidity, TARP capital and commercial real estate loan performance sizzle on front burners, compliance with the new "red flag" identity theft...
Interest Rate Caps Proposed for Guaranteed Loans
Last fall, the USDA's Farm Service Agency (FSA or agency) proposed capping interest rates bankers can charge customers who use federally guaranteed loan programs. The agency will be finalizing the proposal based on comments submitted in December. The...
New Rules
Agencies Issue New Appraisal and Evaluation GuidelinesCommunity bankers around the country are facing the challenge of gauging property values as real estate prices decline and accurate "market values" are difficult to determine. Examiners are scrutinizing...
Registration Requirement
Mortgage Originator Licensing Law Entails State ActionIn the past few months we have witnessed an unprecedented amount of legislation and regulation that changes the way the U.S. financial system operates and is supervised. The "Secure and Fair Enforcement...
RISING STARS: ICBA's Annual Salute to Community Banking's Best and Brightest
Every year ICBA Independent Banker profiles several Rising Stars-people who represent the best of community banking. Like their predecessors, the seven community bankers recognized this year are talented, innovative and hardworking. Most of all, they...
Shifting Deposit Currents: During the Financial Markets Crisis, Community Banks Gained Deposits but Face Margin Compression
Many everyday banking consumers have redis-covered community banks during the financial markets crisis, says Ken Gibbons, president and CEO of Union Bank in Morrisville, Vt. Deposits at the $440 million-asset community bank jumped 7 percent during the...
Spring Ritual
Who's In and Who's Out on the Russell 3000 IndexEvery spring, a number of publicly traded community bank stocks see their trading volume spike as new institutional investors buy or sell their shares. Generally, institutional investors make decisions...
The Corner Office to the Storefront
COMMUNITY BANKS USE A WIDE RANGE OF OUTSIDE EXPERTISE TO CONDUCCT VARIOUS INTERNAL STRATEGIC ANALYSES AS WELL AS DELIVER A DIVERSE MENU OF HIGHLY VISIBLE CUSTOMER PRODUCTS. THIS MONTH'S TOOL SHOP FEATURES BOTH BEHIND-THE-SCENES AND FRONTLINE SOLUTIONS...
Third-Party Risks
Guidance is available when buttoning down technology provider risksManaging risks that arise from third-party relationships with technology service providers and others is a recurring process that must be adapted anew each time it's undertaken, according...
Threat to Rural America
THE FARM CREDIT SYSTEM EXPANSION FIGHT GOES ONThis March, rural community bankers may face yet another set of obstacles in their ongoing efforts to be the catalysts for economic growth in rural America.As the U.S. economic recession began spreading in...
Turning the Tables on Sam Donaldson
IB INTERVIEWS BROADCASTER SAM DONALDSON, AN ICBA CONVENTION SPEAKERFor nearly 40 years, millions of people watched him on ABC's evening newscasts, Primetime Live or This Week with David Brinkley, conducting interviews with congressional and White House...