Articles

ProBank Austin Advisor

January 14, 2019 - 1 min read

A partial government shut-down is disrupting the release of data adding to uncertainty. The partial government shutdown is affecting the release of data investors rely on to determine the condition of the economy. The trade data from November was not released last week and the retail sales due out this week will not be available….

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ProBank Austin Advisor

January 7, 2019 - 1 min read

The employment report was a huge surprise and calmed fears of a recession. The risks being priced into both stock and bond markets include a slowing of economic growth in 2019 and no increase in inflation . Those risks were reduced with the release of the December labor report last Friday. Nonfarm payrolls increased by…

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Drummond Banking Company Completes Acquisition of PSB BancGroup, Inc.

January 4, 2019 - 2 min read

Status: Closed Lead Advisor: Craig Mancinotti   Drummond Banking Company completed its acquisition of PSB BancGroup, Inc. and its subsidiary, Peoples State Bank, Lake City, Florida, on January 1, 2019.  The financial terms of the transaction were not disclosed. Drummond already has locations in Marion, Alachua, Levy, Citrus, Lafayette, Columbia, Dixie and Gilchrist counties. With the addition of Peoples State…

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ProBank Austin Advisor

January 3, 2019 - 1 min read

The yield curve has steepened since the Fed moved two weeks ago. The fear investors had about a possible inversion of the yield curve did not develop after the last Fed increase two weeks ago. In fact, the yield curve steepened slightly after the December FOMC meeting . The spread between the two-year and ten-year…

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Professional Bank Services, Inc. Announces New Compliance Advisory Product Offering

January 1, 2019 - 2 min read

January 1, 2019, LOUISVILLE, KY—Professional Bank Services, Inc. has launched its new, comprehensive compliance advisory service line, ProBank Advisor. ProBank Advisor is a complete compliance advisory service that connects financial industry professionals with compliance experts to answer questions regarding deposits, lending, BSA/AML, compliance risk management, and more. The new online platform will enable users to…

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ProBank Austin Advisor

December 28, 2018 - 1 min read

Financial markets are now discounting a recession in 2019. I feel like a pair of brown shoes in a tuxedo world. I am out of touch with every investor and many other forecasters. The buying of last month has been done on Amazon and not in stocks. Financial markets are always dominated by one of…

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LoanPricingPRO® Quarterly Newsletter

December 19, 2018 - 1 min read

So, What Should Lenders be Doing NOW? Current Lending Environment The US banking environment seems to have entered a new, more unpredictable phase recently.  Economic growth continues to chug along nicely, poised to achieve a 3% plus GDP growth rate on an annual basis for the first time in many years.   However, most major US…

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ProBank Austin Moving To New Corporate Location

December 13, 2018 - 1 min read

December 13, 2018, Louisville, KY—Professional Bank Services, Inc., d/b/a ProBank Austin, is moving its corporate office headquarters from the 1000 Building on Dutchmans Lane, where it has operated for the last 34 years, to a new location in Louisville. The move will take place the week of December 17, with minimal, if any interruption in…

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ProBank Austin Advisor

December 10, 2018 - 1 min read

The yield curve flattened even more as long rates declined more than short rates. Investors do not care about the economic data being reported. They are only focused on the trade tension between the U.S. and China. The fundamental economic data continues to reflect a solid expansion is still in place. Job growth was slower…

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ProBank Austin Advisor

December 6, 2018 - 1 min read

Financial markets will be driven by two major events in the last week. Two major events occurred in the past week which will drive financial asset pricing this week. The first was the speech by Fed Chairman Powell . In that speech he changed his assessment of current monetary policy. In the first week of…

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