|
| | Winter Weather Update & Operational Guidance |
|
|
|
| | The North Carolina Bankers Association is monitoring the incoming snow and ice event, which the North Carolina Emergency Operations Center expects to impact most of North Carolina. The NCBA is engaged with the NC Business Emergency Operations Center and we are already receiving regular updates on conditions and preparedness efforts. | | Updates will be posted on our website. Bankers are encouraged to use the discussion board on this page to share information and updates impacting the industry as conditions evolve. | | Please watch for emails from the NCBA during this event. Your NCBA team will continue monitoring the storm through the weekend in anticipation of possible branch closures and other operational challenges. |
|
|
|
|
|
|
|
|
| Implications of Credit Card Rate Cap Bill |
|
|
|
| | The ABA has analyzed data from credit card issuers and released its findings on how the “10 Percent Credit Card Interest Rate Cap Act” (S 381), sponsored by Senators Josh Hawley and Bernie Sanders, would affect consumers. | - 74% – 85% of open credit card accounts nationwide would be closed or have their credit lines drastically reduced.
|
|
|
|
| - At least 137 million cardholders – and up to 159 million – would no longer be able to use their cards.
| | The announcement includes a link to a state-by-state breakdown of the data. | | Although the Hawley-Sanders legislation was filed in February of last year, the topic of credit card interest rates has received considerable media attention following President Trump’s comments last week in which he declared an intent to set a 10% cap for one year. |
|
|
|
| | |
|
|
|
| | | On Thursday, FDIC board met to discuss possible amendments to the FDIC’s Guidelines for Appeals of Material Supervisory Determinations. The board was also set to vote on a final rule on FDIC Official Signs and Advertising Requirements. |
|
|
|
| | |
| | Bank Resolution Planning Requirements |
|
|
|
| | In a speech, Comptroller of the Currency Jonathan Gould questioned the benefit in the FDIC continuing to require filings from large banks that detail their suggested orderly resolution in case of a bank failure, known as CIDI plans. |
|
|
|
| | |
|
|
|
|
|
|
|
|
| HomeTrust Bancshares Named "2026 Great Employer to Work For In North Carolina" |
|
|
|
| | HomeTrust Bancshares, Inc., the holding company of HomeTrust Bank, has announced that the bank has been named a 2026 Great Employer to Work For in North Carolina and a 2026 Best Place to Work in Georgia, Tennessee, and Virginia by Best Companies Group. |
|
|
|
|
|
|
| Companies are first evaluated on workplace policies, practices, systems, and demographics. An employee survey is then conducted to measure employee experience. |
|
|
|
| | |
|
|
|
| | Federal Legislative & Regulatory Update |
|
|
|
|
|
|
| Disparate Impact Standard |
|
|
|
| | Since 2013, HUD has issued three rules outlining how to assess whether a practice has an unjustified discriminatory effect under the Fair Housing Act, even without discriminatory intent. After reviewing them, HUD concluded that these rules create legal tests not found in the statute and effectively presume discrimination whenever outcomes differ among protected classes. |
|
|
|
| | |
|
|
|
| Study: FHLBank System Promotes Housing and Community Development Lending |
|
|
|
| | The Urban Institute has issued a report analyzing how advances and FHLBank membership affect total lending and lending for housing, small businesses, agriculture, and community development, using more than two decades of data between 2002 and 2024. |
|
|
|
|
|
|
| Among the findings, a $100 increase in advances relative to assets is associated with $38 more in bank loans, rising to $48 after 2008. These results, together with observed quarterly changes in advances, suggest that bank advance use expands total lending by between $75.6 billion and $97.3 billion per year. |
|
|
|
| | |
|
|
|
| | State Legislative & Regulatory Update |
|
|
|
|
|
|
| | On Wednesday, the State Banking Commission held its first meeting of the year. The State Banking Commission received an update on the agency’s financial position, a banking supervision update from Deputy Commissioner Gene St. Andrews, and a status update on legislation. | | The next meeting is scheduled for Wednesday, March 25. |
|
|
|
|
 | Deputy Commissioner Gene St. Andrews
NCCOB |
|
|
|
|
|
|
|
|
|
| 2026 Banking Benefits and Human Resources Policies Survey |
|
|
|
| | In partnership with Pearl Meyer, we are pleased to announce that the 2026 Banking Benefits and Human Resources Policies Survey is open for participation. This survey is published every other year. If you did not receive your participation email, please contact Rhonda Snyder at rhonda.snyder@pearlmeyer.com. | | This survey covers the following topics: |
|
|
|
|
 | Survey Effective Date: January 1, 2026
Submission Due Date: March 6, 2026
Survey Results Published: Week of May 11, 2026
Survey Cost: $750 for participants |
|
|
|
|
|
|
- PTO programs, vacation, sick days, holidays, etc.
- Health (medical, dental, vision) and wellness plans
- Flexible spending accounts
- Short and long-term disability benefits
- Life insurance
|
|
|
|
|
- Retirement plans (401(k), ESOP, defined benefit plans, etc.)
- Work life benefits
- Retiree benefits
- Payroll and organization costs
- Work from home practices
|
|
|
|
|
|
|
| As in prior years, the survey will include a designated section to collect and report information on “Bank Executive” Benefits and Perquisites. | | Please note: Only participants who complete the Bank Executive Benefits & Perquisites Section will have access to this portion of the survey report. | | To make your survey submission process easier, those who participated in the 2024 Banking Benefits and Human Resources Policies Survey will be provided access to a printable version of their 2024 survey responses. |
|
|
|
| |
|
|
| | Train Your Team On the Latest BSA/AML/CFT Updates with Patti Joyner |
|
|
|
| |
|
|
| Join us for an engaging session led by Patti Joyner, CRCM, founder of Financial Solutions and a nationally recognized compliance expert. Known for translating complex mortgage and compliance requirements into practical, actionable guidance, Patti’s dynamic approach will leave attendees informed, energized, and ready to elevate their compliance strategy! |
|
|
|
| |
|
|
|
| Need Credits? Earn CRCM, CPE, SHRM and More! |
|
|
|
| | Looking to skill up? For a limited time, North Carolina Bankers Association is making it easier than ever to invest in your professional growth. Sign up for one of the upcoming webinars from our partnered providers: |
|
|
|
|
|
|
|
|
|
|
|
|
| PB Financial Corporation Reports Record Earnings for Both the Fourth Quarter and the Year 2025 |
|
|
|
| | Ted E. Whitehurst, President and CEO of PB Financial Corporation (OTCQX:PBNC), the holding company for Providence Bank, announced that the company reported net income available to common shareholders for the quarter ended December 31, 2025, of $6,049,519 compared to $3,937,492 for the same period in 2024. This represents an increase of 53.64%. For 2025, net income available to common shareholders was $21,571,965 compared to $15,814,873 for 2024, an increase of 36.40%. |
|
|
|
| | | |
|
|
|
| City National Bank Expands in the Carolinas |
|
|
|
| | City National Bank announced the opening of two new offices: one in Charlotte, North Carolina, and the other in Greenville, South Carolina. The expansion aligns with the bank's long-term growth strategy and commitment to meeting client demand. City National has secured more than 28,000 square feet of office space across the Carolinas, with nearly 23,000 square feet in Charlotte and an additional 5,700 square feet in Greenville. |
|
|
|
| | | | | | |
| TowneBank Completes Dogwood Merger, Expanding into Carolinas |
|
|
|
| | Suffolk-based TowneBank announced on Jan. 12 it had completed its merger with Raleigh, North Carolina-based Dogwood State Bank. | | The merger, announced in August, expands TowneBank’s presence along the Interstate 85 corridor. | | The Dogwood merger will expand TowneBank’s presence in the Raleigh, Greensboro-Winston Salem, Greenville and Charlotte areas of North Carolina and will increase the bank’s footprint along the Carolina coast from the Outer Banks to Morehead City, Fayetteville, Wilmington and a new location in Charleston, South Carolina. |
|
|
|
| | | |
|
|
|
|
|
| | "I know that love is ultimately the only answer to mankind’s problems. And I’m going to talk about it everywhere I go." |
|
|
|
| | - Martin Luther King, Jr. |
|
|
|
| |
|
|
|
| NC Bankers Association | 3601 Haworth Drive | Raleigh | NC | 27609 | US |
|
|
|
| | If you no longer want to receive emails regarding the NCBankers Bulletin, please profile. |
|
|
|
|
|
|