Independent Banker

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

Articles from Vol. 61, No. 5, May

15 Minutes With.Mark Bragelman
President and CEO of the $150 million-asset Liberty Savings Bank, St. Cloud, Minn.IB: How did you get into community banking?Bragelman: I went to a career fair 36 years ago. A guy from Liberty Loan said, "You're 6-foot-1 and 185 pounds; how'd you like...
A Capital Idea
How to meet the regulators' expectations of a capital planCapital plans are no longer just about setting minimum levels of capital. Community bank management teams are being challenged to develop capital plans for boards that meet the expectations of...
BIG Fish in a Big Pond
DAN WATTS, Forest Park National Bank & Trust, Oak Park, Ill.HOW DAN WATTS' COMMUNITY BANK MORE THAN STAYS AFLOAT AMONG URBAN SHARKSDan Watts, president of Forest Park National Bank & Trust, not only sits on Fenwick High School's board but swims...
Covered Bonds Redux
European financing tool may finally cross the pondReaders of this column may recall that I wrote on covered bonds some time ago. Actually, I'd be surprised if you did because there were things going on then that could have preoccupied a community banker-like...
Crime Stopping
FINCEN'S DIRECTOR ANSWERS QUESTIONS ON BANK SECRECY ACT REPORTINGThe Bank Secrecy Act (BSA) has been on the books for about four decades. But in the post-9/11 environment, the requirements for financial institutions to file reports and provide information...
E Pluribus Unum
At any moment, you may be called on to become more of a leader-at work, in your community or in ICBA-and that can't be delegated. Are you ready?As your chairman, I'm honored to be a leader of ICBA. But I'm far from the only one.President and CEO Cam...
Fair-Lending Focused
Be ready for examiners with proactive fair-lending reviews of your lending policies and filesScrutiny by examiners looking for possible fair-lending violations has become more intense, bank compliance lawyers and consultants say. Examiners are more closely...
Fixing Flawed Intentions
Why the Durbin Amendment's small-bank exemption for debit interchange price fixing won't workICBA is working on numerous fronts-regulatory, judicial, legislative and communications-to tackle the debacle created by passage of the Durbin Amendment (Section...
Game Changer
On July 21, the Dodd-Frank Wall Street Reform and Consumer Protection Act will lift the prohibition on paying interest on commercial checking accounts. Whether the change allows community banks to gain market share by retooling their commercial checking...
LEARNING, Experiencing, Connecting
Nearly 3,000 people turned out in San Diego for the ICBA National Convention and TechworldMarti Rodamaker believes traveling to San Diego from Iowa to attend this year's ICBA National Convention and Techworld was worth it for all the practical takeaways...
Locking Up CRA Credit?
UNIQUE PROGRAM HELPS COMMUNITY BANKS TAP CRA RECOGNITION WHILE SLOWING CRIME AGAINST THE ELDERLY AND VETERANSWhen the subject of Community Reinvest-ment Act participation and credit comes up, community bankers don't instinctively think of stopping theft...
SECURING Your Personnel
How to put your community bank's internal fraud and embezzlement under lock and keyThe economic downturn of the past three years has had a wide range of personal and societal repercussions. Because bank employees are not immune to personal financial...
Sell! Sell! Sell!
Cross-training and motivating your bank's employeesWhile cross-selling has been touted for years as the new imperative for profitability as financial institutions rapidly expanded their product and service menus, such staff-driven referral and sales...
Small Bank Big Choices
You don't have to be Goliath Inc. to get the products and services you want. Pick only those that suit your bank's needs and resourcesIt's not always easy to be a David in a world filled with Goliaths.That's the problem faced by community banks on many...
Southern Gentle Man
REP. SPENCER BACHUS OF ALABAMA IS KNOWN AS A STEADY CONSERVATIVE WITH A RECORD OF INTEGRITY. AS CHAIRMAN OF THE HOUSE FINANCIAL SERVICES COMMITTEE, HE STANDS AS THE REPUBLICAN POINT MAN ON BANKING ISSUES IN CONGRESSHe's a former buttoned-down city trial...
Sweep Accounts
The Continuing Relevance of Sweep AccountsSome have argued that the Wall Street Reform Act's elimination of the prohibition on the payment of interest on business transaction accounts means the end of sweep accounts. They cite the legislation's extension...
'Tbtf'-Let's Finish the Job
ICBA will continue to stand watch and speak out to ensure that the most effective regulations are adopted and implemented to finally end too-big-to-fail.You've heard the line before: "The more things change, the more they stay the same." While it's cliché,...
The Next Big Things
Banking vendors identify near-term technology trendsWith economic recovery slowly gaining momentum, community bank service providers and consultants see both confidence and need growing among these institutions to increase their investment in banking...
Three Fraud Trends
And how your community bank can stop themIt took only a week for the staff at First State Bank in Barboursville, W.Va., to discover that a local restaurant's employees were skimming credit and debit cards. "Several customers had a rash of counterfeit...
With Interest: Tool Shop
Cash Management SecurityFundtech Ltd. and PhoneFactor Inc.Fundtech Ltd. of San Antonio and PhoneFactors Inc. of Overland Park, Kan., are providing an extra authentication security option for online cash management services. The cooperative partnership...