7 Critical Elements of Sound Liquidity Risk Management

March 8, 2019 - 1 min read

A requirement of the “L” component of the CAMELS rating system is for financial institutions to have independent, third-party reviews of their liquidity risk management. An institution’s liquidity management process should ensure that daily funding needs are met and provide coverage for both expected and unexpected deviations from normal operations. Accordingly, an institution should have…

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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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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 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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Employment Opportunity: Seminar Speaker/Consultant

October 16, 2018 - 1 min read

  We are expanding our national education programs and seeking qualified individuals for the position of Seminar Speaker/Consultant. Position is full-time and requires a thorough understanding of Anti-Money Laundering/Bank Secrecy Act (AML/BSA) banking-related regulations, quality presentation skills, and extensive travel throughout the United States. Position also requires maintaining a high-level of subject matter expertise and…

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Employment Opportunity: Senior Financial Analyst

September 24, 2018 - 2 min read

  We are seeking an individual with experience in the banking or credit union industry to work with our team to provide monthly and quarterly reporting and consulting to our financial institution clients.  The predominant workflow surrounds asset/liability (ALCO) and interest rate risk (IRR) reporting.  The candidate must have the ability and desire to work…

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ProBank Austin Advisor

September 17, 2018 - 1 min read

Market rates rose last week even as the data came in below forecasts  The yield on the ten-year treasury ended last week at 3.0%. The rise to this level has occurred three times this year only to back off to well below this barrier. The rise took place even as the August inflation data was below prior months and…

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Credit for Funding on Non-Maturity Deposits

September 13, 2018 - 2 min read

Essential Concepts in Pricing Loans Relationship profitability is an important metric within most pricing models.  While it is important to understand the profitability impact of individual new loans, it is crucial to understand how the pricing decision on a new credit will impact the profitability of the entire customer relationship.  These relationships often include deposit…

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ProBank Austin Advisor

August 27, 2018 - 1 min read

Domestic economic fundamentals continued strong at the start of the third quarter The data due out this week will contribute to the determination of the sustainability of the business expansion . The risk has been whether the strong growth of the second quarter of this year can continue into the third quarter. There have been three quarters…

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ProBank Austin Advisor

August 13, 2018 - 1 min read

The fiscal stimulus of tax cuts are being undermined by the uncertainty of a trade war Investors continue to focus on the negative impact of the developing trade war as opposed to the strong economic growth data being released. The yield on the ten-year treasury has backed down from 3% two weeks ago to close last week at 2.86%….

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McDonald Earns CAMS Certification

July 20, 2018 - 1 min read

Margaret McDonald, an Associate Consultant at ProBank Austin, recently earned the Certified Anti-Money Laundering Specialist (CAMS) certification. This credential is the gold standard in AML certifications and recognized internationally by financial institutions, governments, and regulators as a serious commitment to protecting the financial system against money laundering. The designation is awarded by the Association of…

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Caldwell earns American Bankers Association’s CAFP designation

July 16, 2018 - 1 min read

Kathleen Caldwell, a Vice President in ProBank Austin’s BSA/AML practice, has earned the industry designation of Certified AML and Fraud Professional (CAFP) by the American Bankers Association (ABA).  This designation recognizes Kathleen’s proven knowledge in AML program design and governance, regulatory requirements, detection, prevention and reporting, and understanding of existing and emerging money laundering and…

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