BofA Launches SMB Loyalty Program to Help Grow Account Balances

by Grace Noto @ Bank Innovation

Tue Mar 27 06:34:15 PDT 2018

Bank of America is opening a loyalty program for its small business clients, with the focus on growing a client’s account balance through the presence of rewards. The program, which was announced by the bank yesterday, will allow SMBs with “an eligible Bank of America business checking account” (as well as a three-month average balance ...Read More

River City Bank reports record net income of $16.7 million for 2017

by Marketing Dept @ River City Bank

Thu Jan 25 12:42:37 PST 2018

SACRAMENTO, CA — January 25, 2018 — River City Bank (the Bank) reported record net income of $16.7 million, or $11.52 per diluted share, for the year ending December 31, 2017, which was $1.8 million more than the $14.9 million, or $10.34 per diluted share, for the year ending December 31, 2016. The Bank’s earnings
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Santander Wants to Use Ripple for Cross-Border Payments

by Grace Noto @ Bank Innovation

Mon Mar 26 05:55:18 PDT 2018

Spain’s Banco Santander is looking to launch an international money transfer app utilizing Ripple’s distributed ledger technology. The bank is exploring cross-border payments via blockchain, Business Insider reported, citing comments made by the CEO of its UK-based banking unit, Nathan Bostock. “This spring, if not one beats us to it, we will be the first ...Read More

Kelly Foundation awards $100,000 to American Red Cross for Wildfire Relief

by Marketing Dept @ River City Bank

Tue Dec 05 10:53:09 PST 2017

Major Gift earmarked exclusively for communities devastated and recovering SACRAMENTO, CA – December 5, 2017 – The Kelly Foundation, of which River City Bank is a major contributor, has awarded its 2018 Major Gift of $100,000 to the American Red Cross Gold Country Region. The money is to be used exclusively to help those devastated
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Kelly Foundation awards $100,000 grant to Sacramento Cottage Housing, Inc.

by Marketing Dept @ River City Bank

Tue Mar 13 15:09:30 PDT 2018

2017 Major Gift already aiding nonprofit agency’s evolution to become self-sustainable SACRAMENTO, CA —March 13, 2016 —The Kelly Foundation awarded its 2017 Major Gift of $100,000 to Sacramento Cottage Housing, Inc., a not-for-profit agency that provides long-term housing and a supportive living environment for formerly homeless individuals and families. The award constituted the Kelly Foundation’s largest single donation of
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Wires: Tips to Protect Your Money

by Marketing Dept @ River City Bank

Tue Feb 20 14:09:57 PST 2018

Wires are inherently risky. Once a wire is sent, including a fraudulent wire, the transfer CANNOT be reversed. When sending a wire, it is extremely important that you personally know who you are sending the funds to. If you do not know the person or company, the request may be fraudulent. Allow us to point
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Record-setting 2017 prompts $1,000 employee bonuses from River City Bank

by Marketing Dept @ River City Bank

Thu Feb 01 10:47:25 PST 2018

SACRAMENTO, CA — January 30, 2018 —  River City Bank, Sacramento’s premier business bank, is awarding each employee at the Vice President level and below a $1,000 bonus following a successful 2017 fiscal year. The bank recently reported a record-setting $2 billion in total assets and a net income of $16.7 million for 2017. In recognition
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When to Pay Employees for FLSA Hours Worked

by Kaylee Riley @ Payroll Tips, Training, and News

Wed Mar 28 05:15:18 PDT 2018

When nonexempt employees are doing their primary job duties, it’s easy to tell that they are working. Their working time should be compensated. But, when nonexempt employees are not doing their main job duties, it can be more difficult to tell if they are working and if they should be compensated. The Fair Labor Standards […]

The post When to Pay Employees for FLSA Hours Worked appeared first on Payroll Tips, Training, and News.

Meet Nick Capraro

by Marketing Dept @ River City Bank

Thu Jan 25 14:42:38 PST 2018

Nick Capraro is the Banking Center Manager for both the Davis and Downtown branches of River City Bank. Nick is responsible for ensuring both branches run smoothly and the needs of all its customers are met. We caught him during his busy work day to sit down with us to discuss baseball, endurance running, and
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Will the Courts Accept a Jury Duty Excuse Letter If You’re in a Pinch?

by Rachel Gray @ Payroll Tips, Training, and News

Mon Mar 19 05:10:23 PDT 2018

Sometimes, you or your employees’ personal responsibilities conflict with your business. For many small businesses, if you miss work or lose an employee for an extended period of time, there can be harmful effects on productivity in the workplace. But if you or an employee are called in for jury duty, you might not have […]

The post Will the Courts Accept a Jury Duty Excuse Letter If You’re in a Pinch? appeared first on Payroll Tips, Training, and News.

Monzo and Starlling Bank Integrate With CreditLadder for Rent Payments

by Grace Noto @ Bank Innovation

Wed Mar 28 08:07:24 PDT 2018

Two of Britain’s most popular digital banks, Monzo and Starling Bank, have integrated with fellow UK startup CreditLadder, allowing users to utilize the startup’s feature to improve their credit histories. CreditLadder uses its API platform to view a user’s rent payments, which it then passes to credit bureau Experian—a factor that could benefit that user’s ...Read More

Citi Wants to Be Everyone’s Mobile Banker [VIDEO]

by Grace Noto @ Bank Innovation

Mon Mar 26 08:13:31 PDT 2018

EXCLUSIVE— Citibank is preparing the rollout of its new digital strategy, beginning with upgrades to the bank’s iPhone mobile app, due in the coming few weeks, the bank announced today. (It's difficult to be precise about when iOS apps will appear in the app store, due to Apple's app review process, which can confound even ...Read More

What You Need to Know About a Qualifying Life Event

by Rachel Gray @ Payroll Tips, Training, and News

Mon Mar 12 05:10:40 PDT 2018

Employees have a window of time each year to sign up for certain types of employer-sponsored insurance. Although this open enrollment period takes place at the end of each year for all employees, an employee can add or remove coverage at any time of the year if they have a qualifying life event. What is […]

The post What You Need to Know About a Qualifying Life Event appeared first on Payroll Tips, Training, and News.

TD Bank Updates Its Commercial Lending Division with NCino Partnership

by Tatjana Kulkarni @ Bank Innovation

Mon Mar 26 09:13:12 PDT 2018

EXCLUSIVE- TD Bank today has partnered with cloud banking platform nCino, to integrate its corporate and commercial lending divisions with nCino’s Bank Operating System. The partnership allow TD Bank to digitalize the entire consumer lending process from start to finish. Check out how nCino works here. For nCino, TD Bank is its largest bank partner. ...Read More

Cyber Security Tips

by Marketing Dept @ River City Bank

Fri Jan 19 09:10:56 PST 2018

Cybersecurity best practices constitute an expansive list of things to do.  While in-depth security measures need to be implemented and managed by experts, you don’t need to be a cybersecurity pro to employ smart online safety habits that can go a long way in guarding against online crime. Small and simple steps, like the ones
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Newly Formed Region Finance Announces City of Elk Grove as First Partner

by Marketing Dept @ River City Bank

Thu Nov 09 09:13:54 PST 2017

New trade association aims to leverage $1 billion of local funds for economic growth Sacramento, Calif – November 9, 2017 – Region Finance, a newly formed trade association, is aiming to advance regional economic growth by encouraging Sacramento region municipalities to invest $1 billion of its funds into local community banks in the six-county Sacramento
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Assets Business Newsletter Vol. 4 – January/February 2018

by Tricia Hansen @ CenterState Bank

Tue Jan 23 12:08:06 PST 2018

5 Steps to Developing Brand Ambassadors If you’ve spent any time analyzing your organization’s Facebook page analytics, you know that it is becoming increasingly difficult to reach your fan base. Even the most active brands producing engaging content can struggle to reach 10 percent of their fans with a given post. The first step towards […]

PFM MoneyLion’s Appeal to Millennials, Gen Z Is Simplicity, Says ‘Godfather of Fintech’

by Grace Noto @ Bank Innovation

Tue Mar 27 08:48:36 PDT 2018

EXCLUSIVE—What’s behind the growth of personal finance management platform MoneyLion? A focus on simplicity and UX design that intimately appeals to younger users such as millennials and Gen Z users, fintech investor Ron Suber told Bank Innovation. Suber, who currently serves as the president emeritus of the Prosper marketplace, just became a strategic advisor to ...Read More

River City Bank welcomes finance expert Kerry Gordon to its board of directors

by Marketing Dept @ River City Bank

Tue Mar 27 11:16:08 PDT 2018

Veteran CPA will leverage strategic business planning expertise on the board Sacramento, CA – March 27, 2018 – River City Bank announces Kerry Gordon as the newest member appointed to its Board of Directors. Gordon brings more than 40 years of experience in public accounting, gaining his initial experience as a Certified Public Accountant with Coopers
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What Petal’s Partnership With WebBank Could Mean for Credit Card Industry

by Tatjana Kulkarni @ Bank Innovation

Wed Mar 28 07:00:04 PDT 2018

EXCLUSIVE – Are credit cards the next big hot spot for fintech takeover? That’s what startup Petal hopes its partnership with Salt Lake City-based WebBank achieves, as the startup gears to launch of its first major product: a credit card designed to serve the "credit invisible." The nature of this partnership, unveiled today, is similar ...Read More

What Does ‘Borderless Banking’ Look Like? No Fees, No Branches, Denizen Says

by Grace Noto @ Bank Innovation

Wed Mar 28 07:06:09 PDT 2018

EXCLUSIVE— San Francisco-based startup Denizen wants to create a new way of banking, by providing users with a “borderless” bank account that doesn’t come with all of the hassle and pain points of international finance, co-founder and CEO Joaquin Ayuso de Paul told Bank Innovation.  “Denizen provides a global bank account that allows you to ...Read More

Safe Online Banking: For You & Your Money

by Kara Vincent @ LRRCU

Mon Mar 26 13:44:22 PDT 2018

From 24/7 account access to quick and easy bill paying, online banking offers members a convenient way to handle their finances. However, the rise of technology also brings an increase in potential hackers, scams, and fraud cases. Whether you’re looking to shield your small business or family’s finances, there are many strategies to stay vigilant […]

The post Safe Online Banking: For You & Your Money appeared first on LRRCU.

Betterment’s New Feature May Distinguish It From Other Robo-Advisors

by Tatjana Kulkarni @ Bank Innovation

Wed Mar 28 08:09:06 PDT 2018

EXCLUSIVE –Betterment, the online financial adviser, today launched a new feature that lets its retail customers further customize their asset-class investment. The feature is an extension of Betterment’s core growth strategy - personalization, Betterment CEO Jon Stein told Bank Innovation. “This is a significant step down the strategy of letting users personalize the way they ...Read More

River City Bank reports an increase to the quarterly cash dividend on common shares

by Marketing Dept @ River City Bank

Tue Jan 30 09:04:27 PST 2018

SACRAMENTO, CA — January 29, 2018 — Steve Fleming, president and chief executive officer of River City Bank (the Bank), announced that the Bank’s board of directors has approved, in connection with the Bank’s recently reported net income of $1.4 million and $16.7 million, or $0.98 and $11.52 diluted earnings per share, for the quarter
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NatWest Lauches ClearSpend app for Commerical Clients

by Tatjana Kulkarni @ Bank Innovation

Fri Mar 23 07:58:44 PDT 2018

NatWest Bank, the fully-owned subsidiary of RBS, today has rolled out its mobile app that allows its business clients to monitor card transactions in real-time. The app is ClearSpend app and was created in partnership with Silicon Valley fintech, SpendLabs. ClearSpend will let entire NatWest Commercial Cards network clients link to the card processor, enabling ...Read More

More Startups Should Launch in Bank Niches like Subprime Lending, Says TrueAccord CEO Ohad Samet [VIDEO]

by Grace Noto @ Bank Innovation

Tue Mar 27 09:52:43 PDT 2018

More startups should launch in the “niche” areas of banking that incumbent institutions have started avoiding, Ohad Samet, co-founder and chief executive officer for TrueAccord, told attendees of the 2018 Bank Innovation conference. “It’s actually not very common for a startup to be started in subprime lending, debt collection—those areas that frankly require a lot ...Read More

Women’s History Month: The History and How to Get Involved

by Antoinette Vitale @ CenterState Bank

Thu Feb 22 11:55:49 PST 2018

The United States celebrates Women’s History Month the entire month of March. Now, more than ever, women are recognized for their achievements throughout time. This month-long celebration highlights women’s contributions to society and history. This is a holiday for women- an opportunity to empower them in any setting and call them to action. “Women and […]