ACBB reported net income (unaudited) of $3,951,103 for the period ending 12/31/16, yielding an ROAA of .67%. This represents a 13.7% increase over the prior year and was attributed to strong core earnings as well as some onetime gains. The latter included early termination revenues from BITS as well as some OREO gains. In addition, as ACBB is part of a community bank consortium for health benefits, we benefited from significantly lower costs resulting from fewer claims. Read More
ACH: A Year in Review By Virginia Wright, AAP
AVP, Relationship Manager
The year of 2016 marked many changes to the ACH Network. By far, one of the biggest occurred in September with the implementation of Phase 1 of Same Day ACH, referred to as “SDA”. As all financial institutions rolled out the red carpet to this major rule change, early data suggests strong use of this new tool to move payments faster. This available data so far has supported NACHA’s predictions on the effects of SDA in the financial industry.
ACBB’s Marketing Initiatives By Emilie Longenecker
Marketing/Product Development Specialist
ACBB has implemented a number of rebranding and marketing projects. These projects were fueled by staying on top of the current marketing trends and becoming more accessible to our community banks. We redesigned our website, joined the world of LinkedIn, and are transitioning from paper newsletters to electronic newsletters for 2017.
By Nancy Lake, CAMS-Audit, CAMS-FCI
Director of Compliance Anchor
In 2012, our banks asked for a cost effective Compliance solution that would help them manage the regulatory pressure that was crippling many banks. When ACBB announced in 2013 that we had started a consulting and training division called Compliance Anchor, many waited to see exactly what our services would entail. In 2013 we hosted seven free webinars for banks to see the quality of material we presented. Then in 2014 we began charging just $99 a month for a shareholder bank to participate in our monthly services. Read More
Upcoming Events
Feb 23:Does Your Compliance Management System Meet Regulatory Standards?
Mar 14: ACH 2016-2017: A Year to Review and a Look Forward to the Future
Mar 28: Mobile Banking & Payments: Mandates and Services
Veterans’ Venues:
BSA Compliance
Mar 7 Mar 16
Apr 4 Apr 20
May 2 May 17
Welcome to the New Year! 2016 ended on a very strong note, and 2017 promises to be an exciting year. With the economy continuing to grow, business appears to be strong in spite of the still somewhat uncertain headwinds associated with the collision of national and world politics. Read More
BITS Connected
Below is the schedule for the 2017 BITS Connected Webcasts. Invitations will be sent to customers with instructions on how to register your attendance.Winter 2017 – February 16 – 3PM ETSpring 2017 – April 27 – 3PM ETSummer 2017 – July 27 – 3PM ETFall 2017 – October 27 – 3PM ET
