Faith Weekly is a community development advisor at the Institute for Economic Equity at the Federal Reserve Bank of St. Louis. She talks with us about her experience working with banks, nonprofit organizations and government agencies to develop programs that promote affordable housing and neighborhood revitalization across the Eighth Federal Reserve District.

She also discusses the Institute for Economic Equity’s annual State of Economic Equity series, which examines the challenges facing vulnerable workers and possible ways to improve their economic security. She also answers the hard question: Why does the Federal Reserve study economic equity?

She also discussed her recently-published research on small-dollar mortgages and affordable housing, as well as her work on community land trusts and Black homeownership.

Special thanks to our sponsor, ICBA Securities.

Going back to one of our favorite episodes, I wanted to make certain that it got repeated. Brad spoke at Lead FWD and some of his material can be heard in this episode.

Also, his book is a must-read. If you don't have it, you need to go get it...

and many thanks to our sponsor, ICBA Securities, for all they have done.

Is 75 the new 25? Possibly! The Fed just wrapped up its meeting and continued to raise rates another 75 bps. As usual, whenever there's action by the Fed that impacts community banks, we have Jim Reber come on to break it all down for us.

Be sure to check out ICBA Securities at https://www.icba.org/icba-securities

And to register for their Balance Sheet Academy, go to https://www.surveymonkey.com/r/5HKLXPM

Many community banks serve in low-to-moderate income areas and on September 9, Citi announced their new "HomeRun" program targeting mortgages in these areas. They don't pull any punches about coming after lenders in those areas as well as realtors and other community leaders that you, hopefully, work with. The traditional argument that these mortgages, too, are too risky also doesn't have to be that way and we'll take a look at why this really isn't the risky move it appears to be.

Here's the article from CNBC: https://www.cnbc.com/2022/09/09/citi-expands-program-to-increase-homeownership-in-diverse-communities.html

Be sure to check our sponsor, ICBA Securities, at https://www.icba.org/icba-securities

Why do a podcast episode on the template from the FDIC for consumer compliance exam? Well, for one...they give you the answer to the exam. They, literally, put out what the form looks like and what they're looking for. In my college classes, I'm not the most difficult professor on earth...but even I don't go that far.

The main reason is that the old cliche is true...compliance is everyone's responsibility. Just because you are not a compliance officer, doesn't mean you don't have some role to play here. If you know what the examiners are going to ask your management, then you're going to know what management is going to be asking of you...in about 2 seconds after they are asked themselves.

And the best part is...this is all publicly available information. I didn't sneak into the FDIC archives Tom Cruise-style and steal these. They emailed these out to the email list. I'll attach the files on the show page.

Don't forget to check out our sponsor, ICBA Securities, at https://www.icba.org/icba-securities

I think, without fail, our small business customers want us to know something about them and at the same time, there are things that we wish we could get small business customers to understand about our side of things.

Jay Toups, Pres/CEO of High Performance Teams has a long resume of working both with banks and small businesses. He is a long time faculty member at the Grad School here and consistently rated one of the highest faculty member. He also has a banking podcast that is fantastic called The Bankercast. You need to go check it out. Really good stuff.

So, Jay and I got together and thought about things both sides of the table need to know about the other. It was an interesting conversation.

Check out the Bankercast podcast on all of the podcast applications.

And don't forget our sponsor, ICBA Securities at https://www.icba.org/icba-securities

We're wrapping up this series today in asking the question..."what happens when a banker becomes the customer?" It's been eye-opening, to say the least. Basic question...do your accounts match what's listed on the website?

Be sure to check out ICBA Securities at https://www.icba.org/icba-securities

We finally closed!! It's been a journey but thankfully it's down to unpacking boxes. Today, we're looking at the importance of a good staff and loan closings. I've never understood why some bankers never go to any of their loan closings. That's odd to me...it's a perfect opportunity to build your relationships and set yourself apart from the pack.

Be sure to check out our sponsor, ICBA Securities, at https://www.icba.org/icba-securities

Well, like any real estate transaction...there's been some curveballs. And honestly, they didn't have to be. In today's look at what happens when a banker becomes the customer, we see some of the issues that continue to plague our industry. We have a lot of work to do...and, I'm sorry to admit, that not all lenders are superheroes. We have to outshine them...and we can!

Be sure to check out our sponsors, ICBA Securities at https://www.icba.org/icba-securities

We're continuing our series on looking at the question "What happens when a banker becomes the customer?" Today, we're looking at the process of selecting a new bank. As discussed in the episode, I am NOT saying that my thought process is the ONLY process...or even the right one. It's just mine and my family's. But, we're a dual income family, 2 kids, a dog, and a mortgage moving into a new community where our current bank does not have a presence. That's not all that unusual.

So, let's walk through that through the eyes of a customer.

Be sure to check out our sponsor, ICBA Securities at https://www.icba.org/icba-securities