November 2018
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CEO Corner

By Jon Evans

On October 3, 2018, FRB Board Governor Lael Brainard provided remarks on the faster payments initiative which is being undertaken by the Federal Reserve System and the private sector.  Her remarks were supportive of a faster payments environment in which payments are executed in real time on a 24 x 7 x 365 basis.  While her remarks were positive, there was little in the way of updates on a framework solution or the role the Federal Reserve System would play.
The Federal Reserve has requested comments relative to the faster payments initiative – Potential Federal Reserve Actions to Support Interbank Settlement of Faster Payments (12CFR Chapter 11, Docket No. OP-1625).  The request basically covers two areas.  First, should the Fed develop a service for real time gross settlement of faster payments on a 24 x 7 x 365 basis and / or  what potential actions should the Fed take to support the initiative?  Second, should the Fed provide a liquidity management tool that meets the industry’s needs?

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Earnings Credit Rate

During 2018 ACBB adopted a new pricing philosophy for its Earnings Credit Rate for shareholders. In previous years, ACBB, like most correspondent banks, paid an Earnings Credit Rate lower than the Federal Reserve’s Fed Funds Target Rate, keeping a small pricing differential between its DDA, Fed Funds and EBA offerings. Around June of this year with the Fed poised for additional rate hikes, ACBB changed that approach to price its Earning Credit Rate at the Fed Funds Target Rate making it our highest yielding investment option. We intend to maintain this pricing approach for the foreseeable future providing a current Earnings Credit Rate of 2.25% for shareholders and 2.00% for non-shareholders.

On a daily basis, your available DDA balance accrues earnings credits used to offset your monthly service charges, lowering your operating expenses. Earnings credits in excess of your monthly service charges roll over to the following month reducing the risk of losing accrued credits.
Your ACBB DDA remains a safe place to invest your additional liquidity at great rate! Plus, it gives you the liquidity flexibility you need while helping you reduce your operating expenses.

If you have any questions regarding the Earnings Credit Rate or any of ACBB’s overnight investment products, please contact your Relationship Manager or our Client Care group.
Click here to view the latest ACBB Financial Highlights

Loan Tombstones

• Equipment loan and commercial mortgage for manufacturing  
  business expansion/relocation in MA
• $9 Million project
• ACBB participation of $3.3 Million

• Apartment -  construction to perm in VT
• $6.7 million transaction
• ACBB participation of $3 Million

• Bank Holding Company $1 Million Line of Credit to New England
  financial institution to fund purchase of bank stock for ESOP
• Supporting the purchase of its common stock
• Student Housing Loan in Central PA 
• $9.2 Million loan
• ACBB participation of $2.4 Million

 • Student NJ Industrial/Warehouse Commercial Mortgage
• $6.5 Million loan
• $1.9 Million participation in existing and new loans
Welcome to ACBB!
ACBB welcomes our newest shareholder!

Ulster Savings Bank in Kingston, NY

Client Care Team 

The hallmark of ACBB is a partnership model which is focused on enabling your organization to compete more effectively in the marketplace through superior services, guidance and support. We are pleased to announce the development of a dedicated Client Care Team managed by long time ACBB employee Kim Housley. Our Client Care Team will serve as a single point of contact for all your ACBB account needs.
What you can expect from our Client Care Team:
  • A structured and disciplined onboarding experience initiated by your Relationship Manager and managed by a dedicated Client Care Manager.
  • A client-centric culture that will ensure you have exposure and access to the leadership of the organization across all functions.
  • A client care team that will be responsive, communicate frequently and resolve issues promptly as if they were a member of your internal team.
We encourage your organization to reach out to our Client Care Team at or by calling 800-822-2137, Option 2.
Follow us on: Linkedin  |  717-441-4501

Compliance Anchor Welcomes
Jeanne Jordahl!

By Nancy Lake, Compliance Anchor Director

It is with great pleasure that we introduce Jeanne Jordahl, our new Administrative Assistant. Jeanne lives in New Cumberland, PA with her Yorkie, Sophie, and her four cats, Grayson, Little Gray, Ali, and Inky! When she is not taking care of her animals, Jeanne loves playing with her eight grandchildren and doing various types of crafts. Jeanne comes to ACBB with 35 years banking experience, with the last eighteen years as an administrative assistant. She is personable, friendly and adept at helping customers and looks forward to getting to know all of our Compliance Anchor customers.

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

Message from the CEO

Thank you to all of you who joined us for ConnectedLive, our second annual technology conference. We had another great event, thanks to your participation and feedback. We doubled our participation from our inaugural event, and we look forward to seeing more of you next year as we continue to grow.  

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To learn more contact:
Jerry Murphy - CEO 
Christian Ericson - CMO 
Copyright © 2017 ACBB, All rights reserved.

Phone: 717-737-9335  Fax: 717-737-7975  |

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Atlantic Community Bankers Bank · 1400 Market Street · Camp Hill, PA 17001 · USA

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