Articles

Statement by FinCEN Regarding Unlawfully Disclosed Suspicious Activity Reports

November 30, 2020 - 3 min read

On September 1, 2020, the Financial Crimes Enforcement Network (FinCEN) issued a statement regarding unlawfully disclosed Suspicious Activity Reports (SARs). FinCEN stated it is aware that various media outlets intended to publish a series of articles based on unlawfully disclosed SARs, as well as other sensitive government documents, from several years ago. As FinCEN has…

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ProBank Austin Advisor

November 23, 2020 - 1 min read

The outlook for the economy has turned decidedly worse due to the virus. Data reflecting the impact of the surge in the virus is just now beginning to be released. Retail sales from October increased well below expectations and the prior months. This data does not include the service sector declines which will have the…

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Loan Pricing & Profitability – Recommendations for the Post-Covid 19 Environment

November 23, 2020 - 1 min read

ProBank Austin’s Managing Director for Loan Pricing & Profitability, Jeff Morris, recently presented “Loan Pricing & Profitability – Recommendations for the Post-Covid 19 Environment” at the Ohio Bankers League Virtual Annual Meeting.  The presentation centered on determining how to find the floor for commercial loan pricing within today’s current lending environment where competition for high…

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ProBank Austin Advisor

November 16, 2020 - 1 min read

The surge in the virus affects the service sector of the economy more than other sectors. The risk to the recovery of the economy has increased in the last three weeks as the surge in the virus has continued. This surge has reached a point where the possibility of another full shut down or partial…

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Banking Market Update – November 2020

November 11, 2020 - 1 min read

The Banking Market Update provides earnings, equity market and M&A analysis for the banking industry through October 2020. Please contact us if you would like further data or to discuss how the current environment  may impact your bank.  

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ProBank Austin Advisor

November 9, 2020 - 1 min read

Economic data is already strong, and the vaccine will make it better at some point. The comments this morning needed to be completely rewritten after the announcement by Pfizer of an effective vaccine against COVID-19. This new development does not mean the end of the pandemic in the next month. It will require most of…

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ProBank Austin Advisor

November 2, 2020 - 1 min read

Real GDP growth was much stronger than we expected with consumption growth very robust. The Advance Report for third quarter Real GDP was released last week.  The economy grew by 33.1% after falling by 5.0% in the first quarter, and 31.4% in the second quarter.  This leaves the economy 3.5% lower than the fourth quarter…

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Pandemic + Election + Stimulus Negotiations = UNCERTAINTY

November 2, 2020 - 7 min read

With the Presidential election just a few days away, the markets have experienced a few fits and starts in recent sessions, as investors wrestle with the potential implications of the results, compounded by the possibility that such results may not be known for some time after November 3rd. As it relates to the banking sector,…

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ProBank Austin Advisor

October 26, 2020 - 1 min read

Strong economic data is not going to overcome the uncertainties of virus and no stimulus. There was limited economic data available last week. There will be a wealth of data released this week. The most important will be the consumer confidence data on Tuesday, the income and spending data on Friday, and the Advance Report…

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Survey Says!

October 20, 2020 - 5 min read

  Recently, two surveys have been published that have confirmed my suspicions that a significant portion of community bankers are not at all satisfied with their current technology vendors. I have been frequently engaged by clients who are not pleased with their current vendor and want a core vendor evaluation analysis performed. Because of these…

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ProBank Austin Advisor

October 19, 2020 - 1 min read

A strong rebound in retail sales makes third quarter growth expectations realistic. There is a strong correlation between consumer confidence indices and consumer final demand. The Conference Board’s confidence index jumped to 101.8 in September. That was an 18% rise from August’s level of 86.3. In the past 25 years, the correlation between confidence and…

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