This year is poised to be the most active for de novo banks that we’ve seen since before he Great Recession. Five new banks have already opened their doors and two others are scheduled to open in June. While we…
Category: Jumbo Rate News (page 2)
Temporary Hit to Capital Ratios
…and They’d do it Again. This week we will take a look at how some community banks have been helping their neighbors and communities during the past year. In some cases, that help has come at the expense of the…
Big Bank Branches are Fewer by the Month
It seems that every week there’s a new story about a bank that’s closing branches. We’ve almost become numb to it… unless of course it’s our branch that’s shutting down. But its who is closing those branches is what we…
Credit Union, Bank Acquisitions Heating Up
Only 16 credit unions in the United States have assets exceeding $10 billion; 4-Star VyStar CU, Jacksonville, FL is one of them. What began in 1952 with just $60 and 12 members as Jax Navy FCU is now one of…
In The Pursuit of Justice and Equality
Over the past year, some of our country’s biggest banks (Wells Fargo, JPMorgan and BofA) have pledged millions to Black-owned banks (or MDIs) and racial justice initiatives, but those did not necessarily focus on Asians or Pacific Islanders… until recent…
Financial Inclusion: We Can All Play a Part
The FDIC launched the pilot of a new public awareness campaign last week (April 6th) on the benefits of having a bank account. The pilot targets the Houston and Atlanta areas, where it confirmed that both Black Americans and Hispanic…
Bank, CU Complaint or Question?
Complaint or Question About Your Financial Institution? We do a lot of things here at BauerFinancial, but since we are a private research firm, and not a government agency, fielding complaints about financial institutions is not really one of them.…
New Brokered Deposit Rules, Let’s Break it Down
In observance of the Easter Holiday, Jumbo Rate News will not be published next week, April 5th. While we are on hiatus though, a new brokered deposit rule will go into effect (April 1st, to be exact). While we don’t…
Two Days, Two Divergent Opinions, Who’s Right?
On Monday, March 15th, The Wall Street Journal ran a very upbeat article entitled, “U.S. Banks Will Turn Last Year’s Fear Into This Year’s Profits”. The article opines that the tens of billions of dollars that were set aside by…
New Credit Union Star-Ratings
Membership growth slowed at the nation’s federally-insured credit unions in 2020, but that’s not surprising, as most of us were sheltering in the safety of our homes most of the year. Even so, they managed to gain 4 million new…