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November 2019
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CEO Corner
by Jon Evans
President & CEO


We’ve had an exciting year thus far and have been able to leverage the merger with Bankers Bank Northeast which took place last year.  New customers and fresh opportunities have driven our growth and mitigated the shrinking number of banks in the market due to mergers and acquisitions.  In many cases the M&A activity has resulted in product and service opportunities for ACBB with larger banks.  With this growth and increasing regulatory expectations we have made a committed effort to enhance our capabilities, as well as risk management practices.  These initiatives to prepare for the future do not come without a cost, however, we view this as an investment to ensure our ongoing ability to serve needs of our clients. Below is a recap of our recent financial highlights along with some commentary.  Please note you can also find our financial highlights in this newsletter and on acbb.comRead More


www.acbb.com 
http://www.acbb.com/bits
Welcome to ACBB!
We at ACBB would like to announce and welcome our newest shareholders!

New Valley Bank & Trust
Springfield, MA
Click here to view the latest ACBB Financial Highlights

ACBB Employee Spotlight
Willie Maddox

Executive Vice President and Chief Risk Officer, Willie Maddox oversees the company’s Risk Management and Compliance efforts.  She is focused on evolving the company’s risk management capabilities and chairs its Risk Management Committee.

Willie brings a breadth and depth of banking experience that’s inclusive of strategic planning, business development, healthcare underwriting, and accounting, and has been actively involved with compliance and enterprise risk management since 2005.  Her work has focused on developing and implementing programs to strengthen risk management oversight. She brings high energy, levity, and is passionate about cultivating collaboration, building successful high-performance teams, and lifelong learning.  
Read More

Loan Activity

New England
  • Bank holding company loan
  • To support capital needs and general corporate purposes
  • $5 Million direct loan
Maryland
  • Commercial warehouse building
  • $10.5MM commercial mortgage
  • $4.0MM ACBB participation
Massachusetts
  • Permanent mortgage for medical office building
  • $11 Million project in aggregate
  • $4 Million ACBB participation
New Jersey
  • Warehouse building.  Construction to permanent with SBA 504
  • $20 Million in aggregate
  • $5 Million ACBB participation
Northern New Jersey 
  • 634-Unit Self-Storage facility  
  • $7.2MM acquisition, development and construction loan 
  • $4.5MM ACBB participation 

ACBB Product Spotlight

Multi-Factor Authentication (MFA) Enhancement for ACBBXNET

Alternative to Biometrics – One-Time Password Authentication is now available!


Financial institutions today face an important challenge: They need to comply with guidelines established by the Federal Financial Institutions Examination Council (FFIEC) for securing their online services, while also maintaining a smooth and seamless experience for customers. FFIEC strongly recommends the use of multi-factor authentication (MFA) to mitigate the risk of a breach and to promote cyber-security. Read More.

Credit Corner

By David Brown, Managing Director ACBB Advisory Services

So, six months ago I reported that, while we were not in a recession, there were strong indicators in the commercial loan portfolios.  The commercial credit indicators (Past Due, Non-Accruals and Charge-offs) were nearly all negative for 2018.   Further, 66% percent of the “experts” believed we would be in a recession by Qtr. 4, 2019.  Now we are in Qtr. 4, 2019.  I have reviewed the first half of 2019’s commercial loans credit profile and read multiple economic reports.  I can definitely state we are NOT in a recession.  After that, it’s anyone’s guess.  
Read More.

Compliance Anchor - Simple Steps You Can Take to Protect Your ID

The new year is fast approaching and with that comes new ideas and initiatives. At Compliance Anchor that’s exactly what we’re focused on. We know that our members want the ability to connect with one another and keep in the loop with us. Because of that, we are taking active measures to increase our digital presence whether it be through LinkedIn or continuous updates to our website. As we near the end of 2019 we now have a nationwide presence in 15 states with plans to go even further!

With our focus on keeping you up to date we have posted to LinkedIn the following article to protect you and your loved ones from identity theft. We have our ear to the ground so you can expect more useful information shared on our LinkedIn page!  READ MORE

Remember to follow us on LinkedIn
Follow us on: Linkedin  |  717-441-4501

BITS Spotlight

Happy Fall!  It’s been a busy few months at BITS.  In addition to our own ConnectedLive customer conference (more on that below), we attended a number of great events across the country, including the Jack Henry Annual Conference, the Association for Financial Technology’s Fall Summit, Data Center, Inc.’s Annual Bankers Conference, Iowa and Indiana’s Bankers Conventions, and many one-day forums and meetings.  Read More

Follow us on: Linkedin Twitter YouTube  |  888-400-BITS

Copyright © 2017 ACBB, All rights reserved.

Phone: 717-737-9335  Fax: 717-737-7975  |  acbb.com

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