Vital Information

Below are links to bank information that is vital.  I provide links to board members twice a month to help them understand what is actually happening in banking since what comes from the controversy-driven media is usually skewed to sell news.  My point is to educate our directors.

As usual, this is a broad range of bank information.   Directors of banks we help start have an international spectrum of interest.  Example, we had a Gainey Business Bank board meeting last week, but the chairman was in China on a business trip.  Another example that makes my point is the time when a director of Scottsdale Community Bank was at the North Pole at the same time two directors were at the South Pole and one was in North Korea on a religious mission.

1.   Financials Poised to Win 'Bigly' Under Trump 

If  you have the slightest doubt about being involved with a bank, watch the video from the Fox interview of David Bove, Rafferty Capital Markets, where he said, “Trump's a grand slam for the banks”.  This is what I have been saying for the past couple of years. 

Dave Bove says bank stock will increase by 50% more in 2017 and 100% within 3 years.

Additionally, The Wall Street Journal had an article on 11-11-16 “Investors in Banks Anticipate a Whirlwind.”

2.     Why Giants of Silicon Valley Invested in a Community Bank    
(This says it all.  Silicon Valley Giants know banks are a good investment.) 

3.     Why Fintech Is One of the Most Promising Industries of 2015
Long unsung, financial tech companies that lend, process, or even create money have flooded the Inc 500.
(“The banking and fintech industry will become closer together and incorporate the best of both worlds.")

4.    Federal Deposit Insurance Corporation Holds De Novo Outreach Conference

5.    American Entrepreneurship: Dead or Alive?  (Gallup Chairman points out that for the first time in the history of America small and medium-sized businesses are dying faster than they are being born.  What he overlooks is the reason – lack of banks.  When I helped start my first bank in 1982 there were more than 17,000 banks and Savings and loan companies.  Now in the 2nd quarter of 2016 there were 5,210 banks.)  

 6.   Fewer Veterans Are Starting Their Own Businesses. Here's Why It's a Problem.
(The author points out that 49.7% of World War II vets went on to become entrepreneurs.  Some 40% of Korean War Vets became entrepreneurs.  So far, only 4.5% of the more than 3.6 million people who have served in the U.S. military, 15 years after September 11, 2001, have launched a company.  Lack of community banks is the cause)  

7.  Pax Christi urges institutions to stop investing in illegal cluster munitions
(To see treacherous abuse by banks at its peak, look at the following press release of June 18, 2016 and the report about banks funding munitions of our enemies.)  

8.  Worldwide investments in CLUSTER MUNITIONS a shared responsibility

9.  Wells Fargo mortgage lending draws new scrutiny; bank raises reserves to deal with litigation costs  

10.   Pope: Bankrupt morals to save banks but not suffering people   

11.   US Acts to Block North Korea Access to Financial System   

12.  Jeff Salway: Community mission aiming to break debt cycle    United Kingdom   
FDIC Releases New Resource for Community Banks 

13.    FDIC Releases New Resource for Community Banks  

14.  Three Solid Ways To Avoid Bank Hustles

16.    VIDEO: THE BENEFITS OF COMMUNITY BANKS    (Video is same as text.  Routine explanation about need for community banks).

17.   New FDIC Survey Shows U.S. Consumers Turning to Mobile Banking for Greater Control and Convenience  

18. ICBA stands firmly opposed to NCUA’s new field of membership rule

19.  Business fights back:  BUSINESS RAMPS UP: Manufacturers, banks and the Chamber — oh my!   (Don’t miss this one)

20.  Having Trouble Getting a Loan? Don’t Blame Bank Rules, Fed Study Says  

21.  Why Caribbean Banks Are Bracing for Problems

22.   In Ukraine, Not Even the Top Banker Trusts the Banks

(Remember, our banks were ordered to sanction the Ukraine banks which caused a deep recession in Russia.)

23.  Community banks make gains against megabanks

 (Below is information from the article)

“Bankwell and Fairfield County Bank report business has been growing steadily over the last several years. Dineen reports the bank’s number of customers has more than doubled in the last three and a half years.

“Since the financial crisis, we’re seeing people increasingly turning to non-publicly traded mutual institutions.”

“Fairfield County Bank gives back roughly 10% of its bottom line to more than 300 organizations in Fairfield County every year, and donates thousands of hours of volunteer work. “As a mutual bank without shareholders,” said Berta, “we consider our contributions to the community our dividend.”

“Bankwell, likewise, is involved with 150 community organizations across the markets they serve, according to Diane Knetzger, director of marketing for Bankwell. Volunteers give hands-on time to more than 100 nonprofit organizations as well.



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