-
4 Community Bank Executives Give Their Perspectives On The Paycheck Protection Program
Tuesday, June 2, 2020 - 2:08pm | 1811Read More...The Paycheck Protection Program—the emergency small business loan program established by the CARES Act—has provided a much-needed safety net for businesses struggling as a result of the coronavirus pandemic. However it hasn’t been an entirely smooth ride for those involved. ...
-
How Will The Market Volatility Impact Community Banks?
Tuesday, March 10, 2020 - 10:16am | 2123Read More...A trio of catalysts in recent weeks has sent shockwaves through the markets. And though it's too soon to tell how the coronavirus will impact the U.S. economy, the Federal Reserve’s emergency 0.5% rate cut has immediate ramifications for the banking sector. The 10-year U.S....
-
Community Bank Executives Are Very Concerned About Cybersecurity
Friday, October 25, 2019 - 10:26am | 428Read More...Security breaches at big financial institutions may dominate the headlines, but a new survey from the Conference of State Bank Supervisors found that executives at local community banks are just as concerned about the risks cybersecurity poses to their business. The survey of 571 community banks in...
-
Community Banks Are 'Cash Flow Machines' And Other Takeaways From The OTCQX Community Bank Conference
Thursday, October 10, 2019 - 9:45am | 1237Read More...“In reasonable economic times community banks are pretty much cash flow machines,” according to Tim Melvin, author of The Community Bank Investor Newsletter and Banking On Profit. Melvin made that remark at the OTCQX Community Bank Virtual Investor Conference held in late-September,...
-
Come Listen To Benzinga's Tim Melvin Talk About How (And Why) He Invests In Community Banks
Wednesday, September 25, 2019 - 10:42am | 492Read More...Tim Melvin, author of Banking On Profit and The Community Bank Investor Newsletter on Marketfy (Benzinga’s sister platform), will be giving a presentation Thursday at 9 am ET on strategies he uses for investing in community banks. The presentation is part of the OTCQX Community Bank...
-
Mid-Atlantic Community Banks Are Outperforming Their Peers
Thursday, June 6, 2019 - 1:54pm | 813Read More...A disproportionate number of the best-performing community banks hail from the Mid-Atlantic region, according to data from OTC Markets Group. Of April's 12 best-performing securities on the OTCQX Banks Index, which tracks the performance of financial institutions trading on the OTC Markets...
-
5 Years Later, The "Middle Ground" For Publicly Traded Banks Keeps Growing
Thursday, May 23, 2019 - 9:19am | 811Read More...Prior to 2012, a community bank had two options if it wanted to go public: IPO on an exchange or trade on what’s now known as the Pink Open Market. One of those options is capital intensive. The other comes with minimal financial standards and disclosure requirements. For many firms, neither...
-
11 Banks Outline Their Highest Priorities Right Now
Monday, April 1, 2019 - 10:54am | 1606Read More...As of the end of the first quarter, there are over 90 domestic and international banks trading on the OTCQX Best Market with an aggregate market capitalization of $94.9 billion and combined assets of more than $3.1 trillion. Many of these banks are local U.S. community banks, due in part to a...
-
Why Are So Many Community Banks Going Public?
Tuesday, January 29, 2019 - 2:22pm | 838Read More...Though the government shutdown threatened to stall the 2019 major IPO market before it even had a chance to get off the ground, there is one sector that is hoping to keep its IPO momentum going in 2019: community banks. Eleven community banks held initial public offerings in 2018 according to data...
-
These Sectors Saw The Most Upgrades To OTCQX In 2018
Wednesday, December 26, 2018 - 12:09pm | 621Read More...In 2018, over 75 percent of securities that upgraded to OTCQX, the highest tier of OTC Markets, were in the cannabis, basic materials, and financial sectors. (According to an analysis of issuer data.) There are over 10,000 securities that trade on one of OTC Markets three tiers—OTCQX...
-
Ahead Of The Fed, Let's Assess The Value In Bank ETFs
Tuesday, March 14, 2017 - 11:19am | 505Read More...Financial services, the second-largest sector weight in the S&P 500 behind technology, has been soaring and expectations of more interest rate hikes from the Federal Reserve are a big reason why. That dream could be realized this week as many bond market participants are expecting the Fed will...
-
Shorts In A Pickle With A Hot ETF's Holdings
Wednesday, January 18, 2017 - 12:07pm | 473Read More...The financial services sector has been scorching hot over the past two months, and with the sector's earnings season in full bloom, some short sellers are taking the opportunity to prepare for pullbacks. Exposed: Between Bases That includes rising short interest in smaller, community banks that...
-
Grow Or Die In Dallas: Fintech And Banks Must Partner, Not Compete
Thursday, May 26, 2016 - 12:14pm | 1668Read More...I just returned from the Bank Director 2016 Grow The Bank Conference in Dallas and I have to say it was one of the more interesting meetings I've attended this year. This conference covered everything from the 30,000 foot view of the rapidly changing banking industry to the nuts and bolts of...
-
US Equities Reverse Early Morning Losses, After Hours Activity Relatively Quiet
Friday, February 19, 2016 - 4:44pm | 216Read More...U.S. equities recovered early morning losses and nearly recovered all of its losses. The Dow Jones index traded as low as 16,278.00 before recovering more than 100 points and closing the day at 16,391.51 - down just 0.13 percent on the day. The S&P 500 index lost just 7 points to close at 1,...
-
Buy Or Die In Phoenix: A Recap Of The 2016 Bank Director's Acquire Or Be Acquired Conference
Sunday, February 7, 2016 - 12:13pm | 2192Read More...Last week, I was fortunate enough to attend the Bank Director's Acquire or Be Acquired Conference in Phoenix, Arizona. I go to several conferences and investment shows a year and this was one was a completely different duck. This was not the traditional dog and pony "look at me"...
