K·Coe Insights: Posts from category

Community Banks

PPP Applicants are Stuck Fighting Fraud due to Security Breaches

By K·Coe Editorial | September 25, 2020
, , , , , , , , ,

Reading Time: 2 minutes In recent weeks, we have learned of an uptick in fraud cases for businesses who have applied for Paycheck Protection Program (PPP) funds for coronavirus disruption relief.  Businesses on the receiving end of this type of fraud have discovered it only after receiving an official document from the SBA via …

Read morePPP Applicants are Stuck Fighting Fraud due to Security Breaches

PPP Forgiveness: Should Borrowers Apply Right Now?

By K·Coe Editorial | September 2, 2020
,

Reading Time: 2 minutes Now that the SBA’s forgiveness eligibility for Paycheck Protection Program (PPP) loans is now open, are you (and your borrowers) applying for forgiveness? K·Coe advisors have been closely assessing the rules and monitoring for potential changes, and we fully expect more SBA guidance to be released on PPP forgiveness for …

Read morePPP Forgiveness: Should Borrowers Apply Right Now?

Notice for Your Customers: New IRS Bulletin Warns of Security Threats

By K·Coe Editorial | August 6, 2020

Reading Time: 3 minutes In an effort to help satisfy your bank’s annual requirement to educate customers, we wanted to share the following security bulletin to easily post on your website for public notice. The IRS is urging all Americans to be vigilant to these threats, especially during the pandemic and its aftermath.  Here …

Read moreNotice for Your Customers: New IRS Bulletin Warns of Security Threats

Guidance for Correct DOEP Procedures Post M&A

By K·Coe Editorial | August 6, 2020

Reading Time: 3 minutes By: Heather Campbell, CIA Many banks seek guidance for what happens to the Designation of Exempt Person (DOEP) forms following mergers/acquisitions (M&A). Compiled below are some tidbits of information to help decide upon what needs to be done with regards to the bank’s Bank Secrecy Act (BSA)/Anti-money Laundering (AML) procedures …

Read moreGuidance for Correct DOEP Procedures Post M&A

Main street and Elm in Rogers, Arkansas

Missouri Bankers Association Annual Convention Key Takeaways

By K·Coe Editorial | June 17, 2020

Reading Time: 3 minutes The Missouri Bankers Association (MBA) held their 130th Annual Convention virtually this year; it was done well. We’ve attended this conference a number of times in the past to meet current and prospective clients, and to hear good speakers/industry experts talk about what’s going on in the industry. As the …

Read moreMissouri Bankers Association Annual Convention Key Takeaways

Guide to Community Bank Leverage Ratio: Should I or Shouldn’t I?

By K·Coe Editorial | June 12, 2020

Reading Time: 2 minutes Starting January 1, 2020, banks could elect to begin using the Community Bank Leverage Ratio (CBLR) or framework. Designed to simplify calculations for capital ratios on quarterly call reports, the CBLR ratio essentially uses total average assets, rather than the complicated calculation of risk-based total assets. A bank may opt-in …

Read moreGuide to Community Bank Leverage Ratio: Should I or Shouldn’t I?

How COVID-19 is Impacting Banking Regulations

By K·Coe Editorial | May 14, 2020

Reading Time: 3 minutes Changes in Appraisal Timelines Banks have found it increasingly challenging to obtain, in a timely manner, the required appraisals and evaluations needed for real estate-related financial transactions. In response, the OCC, FRB, FDIC, and NCUA agencies, working with state financial regulators, have issued an interagency statement to specifically address those …

Read moreHow COVID-19 is Impacting Banking Regulations

Categories