BankBeat

First Interstate Bank’s “Believe in Local” team could be considered the Publishers Clearing House Prize Patrol for nonprofits within its 14-state footprint. Since 2022, the Billings, Mont., bank and the First Interstate Bancsystem Foundation have awarded $25,000 to 40 nonprofits every year. Amberly Pahut, MBA, CFRE, CSPG Holly Christensen Rhea Krumpelman #banking #nonprofits #community

Involvement in the community doesn’t always have to stray far from general operating procedures. One factor in keeping a bank community-minded is if the recipient of their services is a local business or in the case of TruCommunity Bank, a health center. #banking #community #boost #health

Fintech partnerships mean fewer geographical boundaries under which community banks have long been doing business. One such newly minted partnership is between Bankjoy and Panacea Financial, and this partnership is gaining attention. Ned Palmer,#banking #fintechs #partnerships

To support teachers and students in the communities it serves, Huntington National Bank, headquartered in Columbus, Ohio, partnered with the Ron Clark Academy to launch the “Ignite the Classroom” initiative. Rhea Krumpelman #banking #community #revitalization

"It’s important for a bank to be active in a community,” said Tiffany Lewis, Richland State Bank vice president and compliance officer as well as longtime Bruce, S.D., Community Club member and Bruce native. “By having four of the five of us that work here at the bank highly involved with the Community Club, it helps show that the bank values the community and we want our community to thrive.” Pennie Lutz #banking #southdakota

Bankers are open to changes at the Federal Reserve but want the agency to remain independent from the executive branch, according to IntraFi’s third quarter business outlook survey of executives from 416 banks. https://lnkd.in/gKPRdATW

"Headlines often focus on the Fortune 500, but small businesses account for 46 percent of private sector employment and 43 percent of gross domestic product," said BankBeat Publisher and President Tom Bengtson. #banking #lending #personal #local 

"In an era of data-driven loan decisioning, bankers are working to better integrate and utilize their existing customer data more effectively, particularly for their business banking customers," said Will Tumulty, CEO of Rapid Finance. #banking #lending #data #customers

“When you say you’re a community bank, that comes with a lot of responsibility,” stated Jill Busch, vice president and marketing officer at Community First Bank in Boscobel, Wis. “We all know that financial education is a challenge, and we are the experts in that arena, so we have to work to find ways to educate customers and non-customers alike.” Peoples State Bank Duane Rogers Wisconsin Bankers Association #banking #homeownership #path #community

"It is important that bankers and their supporters fight back against overreaching regulatory demands and calls for more capital," said BankBeat Publisher and President Tom Bengtson. #banking #regulation #overreach #demands