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Community Banks to Feel 'Some Pain' in CRE; Capital Raises Drive Bank Deals

Community Banks to Feel 'Some Pain' in CRE; Capital Raises Drive Bank Deals
Aug 21, 2024 8:00:00 PM

Yeah, it will be interesting to see how quickly the Fed moves, I agree. We'll know more tomorrow when Powell speaks. Or I assume we will. With the Fed, sometimes you don't know.



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Rob Blackwell
Chief Content Officer and Head of External Affairs
IntraFi
Arlington, VA
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Original Message:
Sent: 08-22-2024 10:37
From: John Tyson
Subject: Community Banks to Feel 'Some Pain' in CRE; Capital Raises Drive Bank Deals

Rob - we'll have to manage the repricing risk as it unfolds but here's hoping the Fed doesn't move rates down too fast.



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John Tyson
CFO;Chief Financial Officer - CFO
Altamaha Bank & Trust Company
Vidalia, GA
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Original Message:
Sent: 08-21-2024 13:45
From: Rob Blackwell
Subject: Community Banks to Feel 'Some Pain' in CRE; Capital Raises Drive Bank Deals

Unless the Fed lowers rates significantly in the coming months, banks' deposit costs are not likely to fall by much, S&P Global Market Intelligence wrote. NIMs should improve as fixed-rate assets reprice higher, though some CRE assets will struggle to find refinancing. Community banks will suffer loan losses as a result, though the problem won't be as bad as many fear, according to S&P. Check out the breakdowns of community banks' aggregate profitability metrics, deposit costs, CD balances, NIMs, and future credit costs. 

Another S&P article discusses how capital raises are fueling bank M&A.



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Rob Blackwell
Chief Content Officer and Head of External Affairs
IntraFi
Arlington, VA
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1 Comment
Jul 30, 2024 8:00:00 PM

Our attorney advises us that Missouri law does not allow us to force the liability back on the customer if they choose not to use Positive Pay.  Also, if they do not approve the incoming check file, aren't we forced to process it anyway albeit with higher scrutiny if they haven't looked at it?  



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Randy Bono
CFO
FCNB Bank
Steelville, MO
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Original Message:
Sent: 07-30-2024 09:29
From: Leton Harding
Subject: Tuesday Topic: Check Fraud Is Everywhere

Rob and everyone.

The industry should consider requiring customers to use Positive Pay.

Most signature card agreements allow that if a bank offers account protections (such as Positive Pay, alerts) and the customer chooses not to avail themselves of the services the loss (risk) shifts to the customer.

An industry approach is needed so that customers can avoid these security measures by going to a bank that doesn't require these services to be used.

Most Sincerely

Leton Harding

 

"The information contained in this email is confidential and may contain proprietary and/or personal information. It is meant solely for the intended recipient. Access to this email by anyone other than the intended recipient is unauthorized. If you are not the intended recipient, any processing of the email or the information contained therein (including disclosure, copying, distribution, storage) or any action taken or omitted in reliance on this, is prohibited and may be unlawful. No liability or responsibility is accepted if information or data is, for whatever reason corrupted or does not reach its intended recipient. No warranty is given that this email is free of viruses. The views expressed in this email are, unless otherwise stated, those of the author and not those of Powell Valley National Bank or its management. Powell Valley National Bank reserves the right to monitor, intercept and block emails addressed to its users or take any other action in accordance with its email use policy."



Original Message:
Sent: 7/29/2024 3:58:00 PM
From: Rob Blackwell
Subject: Tuesday Topic: Check Fraud Is Everywhere

Ninety percent of CEOs, presidents, CFOs, and COOs who responded to IntraFi's most recent Bank Executive Business Outlook survey reported an increase in check fraud, and nearly a quarter said check fraud had risen by more than 50%. Some execs are calling for more action from the government; three out of five respondents said they want the liability to shift to the bank of first deposit, where bad actors open accounts to facilitate their schemes.  

Be sure to catch our recent episode of Banking with Interest with Frank Abagnale, Jr., an expert on check forgery and a former fraudster, to learn why check fraud is so easy to commit and what your bank can do about it.

Has check fraud been a problem at your institution? What are some tactics you've employed to help deter it? Have they been effective? Have any technology solutions worked in particular?



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Rob Blackwell
Chief Content Officer and Head of External Affairs
IntraFi
Arlington, VA
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