Independent Banker

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

Articles from Vol. 49, No. 7, July

Banks Work to Quell Public Y2K Fears
Surgery was scheduled for Dec. 31, 1999. It was a relatively minor procedure, and the doctor was competent and calm. Dr. Banks took great pains to reassure the patient and everything looked fine. After all, the patient, Mr. Depositor, wasn't asking any...
Breaking the Mold
Jim Odney had felt for years that the Enoch Schultz Creamery, a dairy-production facility in Bismarck, N.D., produced top-notch dairy products but was hamstrung by an old plant, outdated packaginhg and limited marketing vision. A marketing man all his...
Buying into Leasing
Banks take different paths to make equipment leasing a profitable sidelight Equipment leasing: Is it the big opportunity community banks are missing or the siren song they are wisely resisting? Even community banks involved in equipment leasing seem...
Fighting Inefficiency
ICBA opposes troubling, redundant SBA pilot program initiative SBA Pilot Program Issue: Proposal by the Small Business Administration to launch a "New Markets Lending Company Pilot Program." Under the pilot program, the agency would select approximately...
For Another Season
Bankers and regulators work to tide ailing farmers over through harvest time Agricultural lenders know the situation because they deal with the problems almost daily. The combination of persistently low commodity prices, depressed export demand and extraordinary...
For Your Eyes Only
With compterization, consolidation, and cross selling, banks must take further steps to protect consumer privacy The lucrative lure of targeted marketing is a seductive temptation to forsake one of the prime directives of the industry: Protect the sanctity...
Identity Theft
STEALING PERSONAL IDENTIFICATION DATA IS A BURGEONING CRIME COSTING BANKS AND CONSUMERS MORE THAN MONEY Iowa born and raised, Janet Carter owned a candle shop, but dreamed of making a living as a classical vocalist. Self-motivated and confident, she...
Keeping Secrets Secret
In a speech to the banking industry in early June, Comptroller of the Currency Jerry Hawke raised red flags at the nation's bankers when he warned them about the importance of protecting their customers' confidential information. "There is mounting evidence...
Projecting the Future
Simulation software models predict your bank's financial future Many banks today rely on a wide variety of computer simulation models to measure their current primary investment portfolio characteristics, such as interest rate risk, liquidity and capital...
Relationship Marketing
Database marketing is limited only by creativity and available data Wouldn't it be great if you could somehow anticipate your customers' upcoming financial needs and be there before the competition to offer the service? What if you could analyze your...
Revolving Debt-And Attitudes
Rising bankruptcies and debt loads reflect changing views of long-term and everyday credit Ask Durant Abernethy about bankruptcies today, and the statistics roll right off his tongue. But ask him whether he thinks American consumers' attitudes toward...
Shrinking Margins
Industry trends show banks must diversify with fee-income products At the end of 1999, banking is poised to leave the century on a high note. However, significant changes will be required of management teams in coming years to operate their banks as...
Take a Fresh Approach
Compliance doesn't have to ruin your day Let's be honest. Compliance rules, those sometimes nettlesome, nitpicky and seemingly nonsensical decrees, can-in a weak moment-bring out the worst mood in any banker. When asked to look at compliance in a positive...
Teeter-Totter Effect
Rise with Internet billing today or fall in keeping tomorrow's customers Bankers are right to be concerned that the Internet could be a mixed blessing. To be sure, they should gain revenue advantages on the retail side by charging for services such as...
Tradition of Minority-Owned Bank Preserved in South Carolina
Back in March, federal regulators seized control of the 79-year-old Victory State Bank in Columbia, S.C. The institution, South Carolina's only minority-owned bank, had suffered from mismanagement and loans gone south, according to regulators. But the...
Tribal Possibilities
With a long-term view, banks can overcome hurdles to lending on Indian reservations If someone told you that a pool of two million people, some with rapidly accruing capital, had little if any access to traditional banking services and were eager to...