Tuesday, January 22, 2019   You are here:  Features   Search
  Industry News Minimize
Current  Archive  
Kinderhook Bank Looks to Albany, Latham for Growth Branching out to Meet the Competition
Thursday, June 05, 2014 (1343 reads)

Following back-to-back record years, Kinderhook Bank will continue its march northward into the Albany, N.Y., market with two new branch openings this year.
“We need a little more critical mass in the Albany region,” said Jeff Stone, senior vice president of retail banking and business development. “We’ve been a Columbia County-based bank. The last five to seven years, the Albany market is where the commercial growth has been.”
The branch expansions into Albany and Latham will bring Kinderhook’s network to eight, and counter an industry trend toward fewer bricks and mortar.

Read More (Rating-3.00)
Quality Service: You Get What You Pay for
Thursday, June 05, 2014 (1541 reads)

Banking services have become expensive over the past decade, and fee income to offset the high-quality services that banks provide has eroded in recent years. For most banks, checking account customers in the late 1980s and early ’90s received a checking account, a monthly statement and maybe a debit card if they qualified for one.

Read More
Auto Loans Go from Zero to Sixty CFPB Eyes Putting the Brakes on Indirect Auto Lending
Thursday, June 05, 2014 (1643 reads)

Car sales are set to accelerate back to pre-recession levels this year, and with them, a new source of revenue for banks and credit unions who do auto financing – that is, of course, if regulators don’t put on the brakes.
New car sales are expected to top 16 million this year, a 6 percent increase over the 15.5 million predicted last year and an effective return to pre-recession levels, the automotive resource website Edmunds.com predicted.

Read More
Making Heads or Tails of Bitcoin Virtual Currency Still Volatile, but Gaining Traction
Thursday, June 05, 2014 (1258 reads)

Easy come, easy go. That’s the federal government’s take on the possibility of economic gain in the realm of virtual currency, the most high profile of which is Bitcoin. The currency’s ease of use by those with criminal intent is cited by those in the banking industry who say they wouldn’t finance a Bitcoin startup, or a company that takes payment in bitcoin. (Editor’s note: Bitcoin refers to the payment system itself, while bitcoin pertains to the currency.)

Read More (Rating-1.00)
IBANYS’ Efforts Produce Major Tax Savings for New York Community Banks
Thursday, June 05, 2014 (1190 reads)

The 2014-15 state budget approved by the Legislature and signed by the governor will result in tax savings for all New York community banks, and represents a major victory for the membership of the Independent Bankers Association of New York State (IBANYS).

Read More (Rating-3.00)
IBANYS’ Special Report from Washington, D.C.
Thursday, June 05, 2014 (959 reads)

IBANYS was in Washington, D.C. in April and May, representing the interests of New York community banks in meetings with Congress and regulators during the Independent Community Bankers of America’s Annual Washington Policy Summit. New York’s delegation – and the entire summit – was led by John Buhrmaster, president of 1st National Bank of Scotia. Just the second New Yorker in history to chair ICBA, he is also an IBANYS officer, director and government relations committee member.

Read More
For Rural Banks, Forming Relationships with Families is Key to Account Longevity
Thursday, June 05, 2014 (851 reads)

I have the pleasure of working with community banks around the country. Many are in farming areas. For those banks, a real concern is an outflow of assets and relationships when the current generation of customers die off. The Des Moines Register recently reported that 50 percent or more of those expected to inherit farm land will sell it right away.

Read More
AGs Have a Reluctant Whip Hand Has the Stage Been Set for More Criminal Charges against Banks?
Thursday, June 05, 2014 (1600 reads)

When Credit Suisse AG pled guilty on May 19 to federal charges that it helped wealthy clients evade U.S. taxes, it looked as though more criminal charges may follow for other big banks.

Read More (Rating-4.00)
Pay up, Recruits down in Commercial Lending Too Few Young Lenders Entering the Field
Thursday, June 05, 2014 (1210 reads)

It’s a good time to be a commercial lender. So why aren’t more people entering the field?
After a few recession-era years of lackluster earnings, base salary and cash bonuses are creeping back up for many commercial lenders; but for many, the pay is only a secondary consideration, according to a new survey from Smith & Wilkinson, a Scarborough, M.E.-headquartered banking executive search firm.
Base salaries for commercial lenders increased modestly last year, according to the survey. Commercial lenders in Massachusetts and Rhode Island (for survey purposes, the two states were counted together) earned an average base salary of $118,549, and almost 89 percent of commercial lenders earned a cash bonus that averaged $23,217.

Read More

Privacy Statement   Terms Of Use   Copyright 2013 The Warren Group    Login