As we say good-bye (and good riddance) to 2020 and look forward with hope for a brighter and healthier 2021, we remember 2020 as a year of loss. We’ve lost a great number of lives, jobs, and freedoms in the…
Category: Community Banking (page 3)
Unsung Heroes of 2020
As we gladly say goodbye to 2020 and head into the unknown of 2021, BAUERFINANCIAL, Inc., the nation’s premier Bank and Credit Union rating firm, would like to recognize the hard work of the employees of our nation’s financial institutions.…
All New Bank Ratings and Data
September 30th bank data and ratings are out and while net income for the industry as a whole ($51.2 billion) was up 173% from second quarter, it was still down 10.7% from last September. It is really a tale of…
Whole Turkey Price Down 7% from 2019
We don’t know how many Americans will be having a traditional Thanksgiving Dinner this year. Some estimates suggest over 50% will continue with normal traditions, while the rest will be scaling it back or cutting down considerably. As for us,…
Community Banks Go Extra Mile
What makes a community bank different from other banks? Much depends on the size of the bank, but what’s more important is the focus. A true community bank knows that its success hinges on the success of the community it…
The Majority of the Minority
According to the U.S. Census Bureau, Asian Americans and Pacific Islanders constitute about 6% of the U.S. population. They also control half of the nation’s minority owned banks. Most of these banks have strong ratings and histories, which is good…
The Farmer in the Dell Doesn’t Stand Alone
A June 2020 poll taken by the American Farm Bureau Federation (AFBF) revealed that 84% of Americans trust American farmers and believe they should receive financial assistance from the government to stay afloat as a result of the pandemic. Yet,…
Doing Well While Doing Good
As you know, many banks are offering special emergency concessions to customers affected by COVID-19, whether it be from illness or job insecurity. Some banks are waiving overdraft and/or late payment fees. Others are granting payment extensions or forbearance on…
Freedman to Liberty; Community
As we work to continue moving our particular cogs in the economic wheel, while practicing social distancing and self-isolating as appropriate, we have been surprised by a couple of regulatory posts that have not made the news due to everything…
Bankers Ready and Able to Help
The financial condition of the nation’s bank and credit union industries are possibly the strongest we have seen in our lifetime. That will prove to be invaluable as we come to grips with the full impact of COVID-19. Federal and…