Latest news with #communitybanking
Finextra
5 days ago
- Business
- Finextra
ICBA Payments renews Visa deal
ICBA Payments, a subsidiary of the Independent Community Bankers of America® (ICBA), today announced the renewal of its four-decade relationship with Visa. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Together, the organizations are deepening their efforts to equip local financial institutions with the modern payment tools and support they need to grow and better serve the needs of their customers. 'This renewed collaboration reflects our shared commitment to enhancing the delivery of leading-edge payment products and services that align with the mission and model of community banking,' said Jacob Eisen, CEO of ICBA Payments. A principal member for both credit and debit card programs, ICBA Payments has partnered closely together with Visa since its founding to provide community banks with access to secure, scalable payments solutions that strengthen their ability to compete in an increasingly complex marketplace. Under the renewed partnership, ICBA Payments will continue its sponsored card programs with Visa—featuring contactless-enabled cards, tokenization for digital wallets, and seamless access to Visa's global network—alongside comprehensive program support, including cardholder communications, marketing and other operational services. The partnership also plans to expand – providing streamlined access to Visa Direct, Visa's real-time money movement platform, enabling community banks to deliver faster, more flexible payment experiences for consumers, small businesses and commercial clients. 'Visa is proud to be the trusted network for more than 80% of ICBA member banks,' said Bill Dobbins, senior vice president and head of U.S. enablement at Visa. 'Our longstanding partnership with ICBA Payments is grounded in our shared values and a deep belief in the power of local communities. Together, we're helping community banks deliver modern, secure financial experiences that drive economic opportunity and strengthen the neighborhoods they serve.' As the 10th largest debit card issuer and the 29th largest credit card issuer in the U.S. ICBA Payments represents over $43 billion in credit and debit sales, $913.4 million in outstandings and 10 million cards issued.
Yahoo
15-07-2025
- Business
- Yahoo
Haberfeld Announces Key Leadership Transitions, Dr. Sean Payant Named President
Haberfeld Chief Strategy Officer taking over as President, reaffirming company's commitment to its community financial institution partners LINCOLN, Neb., July 15, 2025--(BUSINESS WIRE)--Haberfeld, a strategic growth partner for community financial institutions across the country, has announced today the promotion of Dr. Sean Payant to President and the transition of Achim Griesel to President Emeritus. The key executive changes are part of the company's long-term succession plan. Dr. Payant began as a Consultant at Haberfeld in 2007 and rose steadily within the organization while serving in key leadership roles, most recently as Chief Strategy Officer & Senior Executive Vice President. Dr. Payant brings a wealth of experience to his new role. As a respected industry expert, Dr. Payant has extensive experience working with industry associations and community financial institutions. He is an active faculty member at both the Pacific Coast Banking School in Seattle, Washington and the ABA Stonier Graduate School of Banking in Philadelphia, Pennsylvania. "With nearly two decades of experience at Haberfeld, Dr. Sean Payant has established himself as a nationally recognized expert in community banking," says Ben O'Neill, Chief Executive Officer of Haberfeld. "His appointment as President signals an exciting new chapter for the firm, and we are confident in the strength of leadership and depth of expertise he brings to the role." Dr. Payant's promotion coincides with a transition for former President Achim Griesel, who will assume a role as President Emeritus while continuing to serve on the Board of Directors. Mr. Griesel began his journey with Haberfeld in 2001 as an Account Executive and held a variety of leadership positions before being named President in 2016. During his tenure as President, he guided the company through a period of significant growth and advancement. As President, Dr. Payant will collaborate with the leadership team to provide strategic oversight for the organization, manage key departments across the company, and ensure the continued strength of client relationships. He will also remain actively involved in the ongoing development of HabWell, Haberfeld's health services vertical. About Haberfeld Haberfeld is a team of data analysts, consultants, creatives, industry experts, and more who excel at helping community financial institutions grow using their High Performance Growth™ strategy. Taken together, Haberfeld's client network constitutes the 4th-largest financial institution in the country by branch count. The company's health services vertical, HabWell, uses data-driven strategies to help healthcare providers, systems, and payors grow patient volume and improve the patient experience for healthier communities. View source version on Contacts Kristin Morgan Corporate Communications Director, Haberfeldkmorgan@ 402.323.3798
BBC News
08-07-2025
- Business
- BBC News
Cockermouth Banking Hub opens after loss of town's last branch
A banking hub has opened following the closure of a town's last bank Cash Access UK said the facility in Cockermouth, Cumbria, would enable people to access services from several banks at one comes after the loss of Barclays earlier this year with HSBC, Lloyds, NatWest and Santander also having left the Murray, chair of the Cockermouth & District Chamber of Trade, said the hub on Main Street would provide an "essential service". Run by the Post Office, customers of all major banks and building societies will be able to carry out cash transactions at the more complicated queries, a community banker service will run Monday to Friday, between 09:00 and 17:00, allowing customers to speak to staff from their community bankers will work on rotation with each bank or building society operating from the hub one day per week:Monday: HalifaxTuesday: NatWestWednesday: BarclaysThursday: HSBCFriday: LloydsA community banker from HSBC will be joining the hub soon, according to Cash Access Farrow, the firm's customer and strategy director, said the site's opening ensured "crucial access to cash and face-to-face banking services for residents and businesses across the community".Mr Murray also welcomed the development."We've all seen the decline of High Street banking that's been going on for several years, so this is a service the town needs."We're pleased the hub has been able to open relatively quickly."We have a wide demographic in Cockermouth and some people do still rely on going into a bank. For them, it's an essential service."It also makes things easier for businesses when it comes to things like paying in money." Follow BBC Cumbria on X, Facebook, Nextdoor and Instagram.
Yahoo
08-07-2025
- Business
- Yahoo
‘Not feasible': Bank axes more branches
The bank running Australia's third-largest network of branches will shut 10 branches in the coming months. Bendigo Bank will axe nine regional branches and one in Melbourne from early August to late October. The bank said it was 'proud of its regional heritage' but pointed to fewer people using the branches and higher business costs as reasons to shut the doors. In February, the federal government struck a deal with the big four banks (ANZ, NAB, Commonwealth and Westpac) to not shut any more regional branches until mid-2027, as about one-third of regional outlets have closed since 2017. 'To preserve what makes our bank unique, we must balance our physical network presence with the need to continue investing in the changing preferences of our 2.7 million customers,' Bendigo Bank chief executive Richard Fennell said. Bendigo ran the most branches of any bank in the country per customer, Mr Fennell said, plus the second-largest regional network and third-largest overall network across the country. 'We are proud of our regional heritage and in order to continue delivering for our customers and communities, we must ensure our branches are adequately supported and resourced,' he said. Branches at Malop St in Geelong, the South Melbourne branch and Kings Meadows in Tasmania will shut on August 1. Korumburra in South Gippsland will shut on the last Friday in August. Bannockburn and Yarram in regional Victoria will shut in late September, as will Malanda and Tully North in Queensland, and Queenstown in Tasmania. Ballarat Central will be the final of the 10 to shut, on October 31. The bank said it was 'actively exploring' opportunities to find its workers new jobs within the company. The closure leaves Korumburra without a physical bank in a town of just less than 5000 people; residents will have to drive 15km to the next town to see and speak to a teller. It is a similar story for Bannockburn's 6400 residents, but they will need to drive more than 20km into Geelong. Malanda residents are being presented with a similar scenario, with the closest bank branch in the next town 20km away. Bendigo Bank said customers could still bank at any one of 3500 Australia Post stores. Federal Liberal MP Mary Aldred represents the seat of Monash and the town of Korumburra. 'For many of my constituents, including older Australians, people with a disability and small business owners, face-to-face banking remains essential,' she wrote in a letter to the Bendigo Bank boss. 'Travelling to another town to access a branch is just not feasible for many of your customers.' Ms Aldred urged the bank boss to reconsider the closure and talk to Korumburra residents about the effects. 'The branch is the last remaining bank in Korumburra. The closure will leave the Korumburra community … (with) serious disadvantages for residents and businesses alike,' she said. Error while retrieving data Sign in to access your portfolio Error while retrieving data
Yahoo
07-07-2025
- Business
- Yahoo
Regional Banks Stocks Q1 Recap: Benchmarking Veritex Holdings (NASDAQ:VBTX)
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let's take a look at how Veritex Holdings (NASDAQ:VBTX) and the rest of the regional banks stocks fared in Q1. Regional banks, financial institutions operating within specific geographic areas, serve as intermediaries between local depositors and borrowers. They benefit from rising interest rates that improve net interest margins (the difference between loan yields and deposit costs), digital transformation reducing operational expenses, and local economic growth driving loan demand. However, these banks face headwinds from fintech competition, deposit outflows to higher-yielding alternatives, credit deterioration (increasing loan defaults) during economic slowdowns, and regulatory compliance costs. Recent concerns about regional bank stability following high-profile failures and significant commercial real estate exposure present additional challenges. The 105 regional banks stocks we track reported a mixed Q1. As a group, revenues missed analysts' consensus estimates by 1.6%. Luckily, regional banks stocks have performed well with share prices up 13.9% on average since the latest earnings results. Founded during the 2009 financial crisis when many banks were failing, Veritex Holdings (NASDAQGM:VBTX) operates Veritex Community Bank, providing commercial and retail banking services to small and medium-sized businesses and professionals in Texas. Veritex Holdings reported revenues of $110.2 million, up 4.2% year on year. This print was in line with analysts' expectations, but overall, it was a mixed quarter for the company with a narrow beat of analysts' tangible book value per share estimates but a slight miss of analysts' net interest income estimates. 'We continue to strengthen our balance sheet in support of our clients during a time of change and uncertainty,' said C. Malcolm Holland, III, the Company's Chairman and Chief Executive Officer. Interestingly, the stock is up 25% since reporting and currently trades at $27.62. Read our full report on Veritex Holdings here, it's free. Founded in 1784 as one of the oldest banks in the Western Hemisphere, Butterfield Bank (NYSE:NTB) provides banking, wealth management, and trust services to individuals and businesses in select offshore financial centers including Bermuda, Cayman Islands, and the Channel Islands. Butterfield Bank reported revenues of $147.8 million, up 3.7% year on year, outperforming analysts' expectations by 4.4%. The business had a stunning quarter with an impressive beat of analysts' net interest income estimates and a solid beat of analysts' EPS estimates. The market seems happy with the results as the stock is up 9.2% since reporting. It currently trades at $46.34. Is now the time to buy Butterfield Bank? Access our full analysis of the earnings results here, it's free. Originally focused on traditional banking before pivoting to serve the transportation sector, Triumph Financial (NASDAQ:TFIN) provides specialized financial services to the trucking industry, including payments processing, factoring, banking, and data intelligence solutions. Triumph Financial reported revenues of $100.8 million, flat year on year, falling short of analysts' expectations by 3.8%. It was a disappointing quarter as it posted a significant miss of analysts' tangible book value per share and net interest income estimates. Interestingly, the stock is up 27.9% since the results and currently trades at $63.72. Read our full analysis of Triumph Financial's results here. Operating as a "super community bank" with a decentralized management approach that emphasizes local responsiveness, BancFirst Corporation (NASDAQ:BANF) operates as a financial holding company providing commercial banking services to retail customers and small to medium-sized businesses primarily in Oklahoma and Texas. BancFirst reported revenues of $164.8 million, up 8.9% year on year. This number beat analysts' expectations by 2.4%. It was a strong quarter as it also put up an impressive beat of analysts' net interest income estimates and a narrow beat of analysts' tangible book value per share estimates. The stock is up 19.9% since reporting and currently trades at $131.35. Read our full, actionable report on BancFirst here, it's free. Tracing its roots back to 1927 during the economic boom before the Great Depression, Valley National Bancorp (NASDAQGS:VLY) operates Valley National Bank, providing commercial, consumer, and wealth management banking services across several states. Valley National Bank reported revenues of $478.4 million, up 5.2% year on year. This print came in 1.4% below analysts' expectations. Overall, it was a softer quarter as it also logged a significant miss of analysts' EPS estimates and a slight miss of analysts' net interest income estimates. The stock is up 12.2% since reporting and currently trades at $9.66. Read our full, actionable report on Valley National Bank here, it's free. Thanks to the Fed's rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn't send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump's November win lit a fire under major indices and sent them to all-time highs. However, there's still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy. Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Quality Compounder Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
