May 24, 2023

According to the National Safety Council, slips, trips and falls are the third leading cause of injury in the workplace. Some of these incidents occur at banks with employees or customers. While these mishaps might be commonplace, there is a proactive approach banks can take to help reduce the risk of their employees and customers […]

Deposits were already top of mind for banking leaders before the recent bank failures. The fallout from those closures has heightened bankers’ awareness of concentration risk, managing liquidity, and the importance of having a diversified deposit portfolio. Financial institutions have felt pressure to attract and retain deposits for several months. A rapid increase in interest

Age is an important factor when it comes to preferences among bank customers, particularly during various life stages and events. Generations of consumers tend to view their finances, make purchases and approach payments differently. In the 2022 Primax Payments Pulse study, we reviewed the differences in payment preferences across multiple generations. Baby Boomers — Ages

The Colorado Court of Appeals recently reversed a judgment for possession and a judicial foreclosure judgment entered in favor of a mechanic’s lien holder against a homeowner because the summons and complaint were not mailed to the homeowner’s last known address. Home Improvement, Inc. v. Villar, 2022 COA 129 (Colo. App. 2022). In Villar, the

With the remaining tenors of USD LIBOR going away on June 30, 2023, it is crucial for banks to ensure all outstanding action items for the transition have been addressed. The London Interbank Offered Rate (LIBOR) has been the dominant interest rate benchmark used in financial contracts in recent decades and is used as a

Karrie Fletcher PresidentAlpine Bank What do you enjoy most about your job? The thing that I enjoy the most about my job is the people. I love to be involved in a community — meeting new people and building relationships with others. I have an opportunity to be a mentor to others that I work with,

In just over a year, banks have gone through a head-snapping change, from being stuffed with cash and worried about having too much liquidity to watching those deposits leave in droves. Core deposits are on the decline, forcing banks to pay up on CDs and savings to try to stem the outflow. With the Federal

Devastating hurricanes in Florida, catastrophic flooding in Kentucky, and crippling heat waves and forest fires in the Western and Northeast regions of the U.S. — all in all, the U.S. experienced 18 catastrophic disasters in 2022 according to a recent report from the National Oceanic and Atmospheric Administration (NOAA). Damage from each disaster exceeded $1

On March 30, 2023, the Consumer Financial Protection Bureau (CFPB) issued the long-awaited final version of its rules on Small Business Lending under the Equal Credit Opportunity Act.3 The new rule imposes significant burdens and risks on lenders and will likely result in significant amounts of loan-related data being made public, as discussed below. The