Compliance “Quick Bite”: Recent Enforcement Action – Big Penalty for Sham Accounts

At the end of July 2022, the Consumer Financial Protection Bureau issued a consent order against U.S. Bank National Association. The Bureau summarized their initial observations that the Bank, in…

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Compliance “Quick Bite”: Flood Q&A’s – Force Placement

The Flood Disaster Protection Act represents one area of compliance that can appear straightforward in some regards, but can also be a cumbersome area for institutions to manage, especially when…

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Sheshunoff Announces the Merger of First National Bank and First State Bank, Becoming Harmony Bank

Sheshunoff & Co Investment Banking announces the completed merger of First National Bank ($141 million) based in Kemp, Texas and First State Bank ($226 million) of Rice, Texas to create…

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Fall 2022 Sheshunoff Chief Executive Officer Topics Have Been Released

For 40 years, the Chief Executive Officer Affiliation Program has helped bankers by offering a platform for the sharing of ideas, networking and opportunity development. The Fall 2022 Sheshunoff Chief…

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Market Summary for Public Stocks 2Q 2022

By Rick Elton, Managing Director of Sheshunoff & Co., Investment Banking Global equity markets closed out their most brutal first half of a year in decades with accelerating inflation and…

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Interest Rates Are Rising Quickly…Is Your Institution Prepared?

By: Katie Parente, Director, Bennington Partners/Sheshunoff Consulting + Solutions Effective June 16, 2022, the Federal Reserve raised the interest rate paid on reserve balances to 1.65% and Prime Rate has…

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Compliance “Quick Bite” on BSA Due Diligence for Independent ATM Owners, Operators: Update

FinCEN’s recently released statement on BSA Due Diligence for Independent ATM Owners and Operators make it abundantly clear that their primary concern is knowing the source of cash. While the…

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Make Your Plans this Fall to Join Us for the Sheshunoff Affiliation Programs

For 40 years, the Sheshunoff Affiliation Program has helped bankers by offering a platform for the sharing of ideas, networking and opportunity development. The Fall 2022 Sheshunoff Chief Executive Officer Affiliation Program will…

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Compliance “Quick Bite” on Managing Model Risk Properly

With ever increasing focus from the regulators on how banks and credit unions are managing their various systems in place for detecting suspicious activity whether it’s within an anti-money laundering…

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Market Summary for Public Stocks 1Q 2022

By Rick Elton, Managing Director of Sheshunoff & Co., Investment Banking A volatile 1st quarter of 2022 came to a disappointing end, with major stock indexes suffering their worst performance…

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