Bank News

Monthly Interest

New Solutions

ATM Exchange has built and is marketing a new Windows-based Triple Data Encryption standard security solution that will operate independently on many existing ATMs. The 3DESPLus XP is the first of its kind - and all-encompassing Windows-based Triple DES solution offered by an independent third party. Privacy Inc has announced the availability of Opaque Enterprise, an e-mail-based solution that provides identity protection for businesses, their trading partners, employees and customers, especi...

Boli Guidelines Clarified

The Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the FDIC, and the Office of Thrift Supervision jointly issued in December 2004 OCC Bulletin 2004-56, an inter-agency statement on the purchase and risk management of life insurance. The agencies recognize that bank-owned life insurance can be used effectively to recover costs associated with employee benefits. However, they are concerned that some institutions have invested a significant amount of capital i...

An Investment Alternative: Municipal, Commercial and Federal Lease Obligations

Municipal lease-purchase financing is a form of tax-exempt financing often used by municipalities or other government entities that want to finance equipment over time. By making installment payments over usually a 2- to 5-year period, occasionally 6 to 15, the municipality is able to purchase needed equipment and real estate. Municipal lease-purchase financing terms take into the consideration the useful life of the equipment. When a commercial credit, such as a private or public company, wa...

A Successful Marriage: Imaging-Mailing Solution Cuts Back Office Expense

Management and Staff

Icba Announces Officer Slate

Pickering Set to Retire From Icba Securities

Csi Expands Roles for Wynn, Culbertson

Banks Form Surcharge-Free Atm Alliance

Kemper to Serve As Temporary Director at Kc Public Library

Citicorp's Wriston Dies at Age 85

Committee Suggests Repeal of Deductions On Home Equity Lines

Fdic Board Approves Oversight Authority

In a 3-to-2 vote, backup oversight authority was approved by the FDIC board of directors. The action gives the FDIC chairman the authority to approve participation of FDIC personnel in examinations, visitations, data analysis, and other activities involving FDIC-insured institutions in certain circumstances when there is concern about the calculation of regulatory capital. Chairman Don Powell, Vice Chairman John Reich, and Director Tom Curry, the former Massachusetts commissioner of banks, pr...

Around the Region

Farm Credit Services Names Three to Executive Committee

Fomc Sets Fed Funds Target Rate at 2.5 Percent

Update

Tcf Financial Designates Nagorske to Serve As Ceo

Lendingtools.Com Names Three to Staff

Icba Names Hall Regional Director

Wenzel to New Post at Wells Fargo &Amp; Co.

Regulators Seek Comment On Regulatory Changes

Regulators Announce Cdr Implementaton

In Other Words

Caldwell to Chair Chicago Fhlb

Vendor Of The Month

Audiotel Corp.: In the News and On the Move

In the last few years, AudioTel Corp (Addison, Texas) has been steadily increasing its sales - last year by nearly 50%. This is a very impressive number; however, when taking a closer look at their sales numbers, you will find something even more striking. Over the years, more than 80% of AudioTel's customers have come back to purchase an additional product. Talk to anyone at AudioTel and you will find the key to the company's success is ingrained in the very fabric of the company - AudioTel ...

Feature Story

Check 21: A Service Advantage for Community Banks

Check 21 allows banks to present a machine-readable copy of a check, or a substitute check, for forward collection or return. By eliminating the need to have the original check in hand, all banks will benefit by saving billions of dollars in transportation, processing and storage costs, while gaining faster access to money. However, as substitute and electronic checks speed processing, consumer advocates have raised the concern that Check 21 will have a negative impact on bank customers. As...

Document Processing: It's All About Control

Document process automation transforms the traditional paper chain into a trail of instant electronic information that drives faster performance within organizations and enables faster decisions. DPA facilitates the transformation of documents into an electronic format and can automatically integrate documents and the data they contain into business systems through capabilities, including: 1. inbound document imaging, 2. document storage and retrieval, 3. outbound document generation and dist...

Automating the Mail: Illinois Bank Cuts Backroom Costs Significantly

The item-processing department at First Neighbor Bank (Toledo, Illinois) works at a fast pace under tight deadlines, while remaining extremely customer-focused and cost-conscious. For the $200-million-asset bank to survive in this highly competitive arena, Scott Bland, assistant vice president of operations, and his team must stuff, meter and sort the daily mailing of checks, statements and notices before the post office delivery deadline. The item-processing department at First Neighbor Bank...