The cybersecurity of small businesses are sometimes overlooked leaving these companies vulnerable to attacks from cyber criminals. The safeguarding of data for small businesses is not emphasized enough causing thousands of data breaches every year across the United States.
As you may already know, this month is National Cybersecurity Awareness Month (NCSAM). So we thought it would be important to focus on who these criminals are targeting and how large their impact can be.
This month is National Cybersecurity Awareness Month (NCSAM) which focuses on the importance of cybersecurity. In the months leading up to NCSAM, a collaboration between government and industry leaders takes place to increase awareness on the importance of cybersecurity and providing Americans with the information they need to keep themselves safe online.
The Community Reinvestment Act (CRA) isn’t a new concept to the banking world by any means. We have probably all heard of the CRA, but do we know enough about it and how it can affect our community banks?
In early September, the FDIC sent out a financial institution letter requesting comments from Chief Executive Officers and Chief Financial Officers of community banks on interest rate restrictions applicable to institutions that are under capitalized. This letter applies to community banks with total assets less than 1 billion dollars and are FDIC insured.
Joe Ehrhardt, CEO and Founder of Teslar Software, participated in the 2019 Banking and Finance Symposium hosted by The University of Mississippi last week.
In June of 2019, the FDIC released their annual report on the performance of Minority Depository Institutions (MDI). This report has been produced annually since 2001 and provides an excellent outlook on how MDIs are doing across the country.
The Independent Community Bankers of America (ICBA) announced that they are starting up the second year of the ICBA ThinkTECH Accelerator program. At the beginning of 2019, Teslar participated in the inaugural class of the ThinkTECH accelerator.
Community banks are fundamental elements within communities across the country. Whether they are funding school fundraisers, creating local scholarship funds, or donating to local charitable organizations, community banks have always lent a helping hand to those in need.
A trend on the rise in community banking is that of bank mergers and acquisitions (M&A's). The number of M&A's has increased almost every year since 2011, growing exponentially over the past few years. A staggering 4.6 percent of all banks exited the industry through mergers and acquisitions in 2018 alone.1