News – Page 2 – McCormack & Associates

January 19, 2023

Welcome Tina Knight to the McCormack Team

We’re excited to welcome Tina Knight to our McCormack and Associates Team! Tina has been in the banking industry since 2021. Tina started her banking career […]

October 5, 2022

Western Heritage Day at Chisolm Trail Cowboy Church

Check out Bob McCormack at the Chisolm Trail Cowboy Church playing in honor of Western Heritage Day. If it’s one thing Bob loves to do, it’s […]

September 27, 2022

Congratulations to Jordan Banuelos for graduating from OBA Compliance School 2022!

We would like to congratulate Jordan Banuelos for graduating from OBA Compliance School 2022! MAi is proud of your accomplishment! About the OBA Compliance School The […]

July 29, 2022

Job Opening

McCormack & Associates is looking for a dedicated Audit Associate to join our team! This position is full-time and includes benefits such as health insurance, […]

Community Banking News courtesy of American Banker

A love for data jump started the career of Citizens' chief experience officer: The Climb April 19, 2024
Beth Johnson, a self-described math geek, is driving the bank's ESG strategy and training its employees to keep pace with industry trends.
Allow private capital to provide liquidity to Ginnie Mae servicers April 19, 2024
Banks and other private lenders could help ease the liquidity crisis facing some companies that service Ginnie Mae mortgages, but are currently prevented from doing so by the agency's rules. A simple fix would benefit everyone involved.
Key is downbeat on U.S. economy, upbeat on its own outlook April 18, 2024
The Cleveland-based bank is projecting steady growth in net interest income even as credit losses remain manageable. But Chairman and CEO Chris Gorman also said that he thinks a recession is likely.
Texas Capital reports 53% jump in criticized loans, plans for more April 18, 2024
The first-quarter increase involved commercial real estate loans, including some problematic multifamily loans and an office credit, but none of the criticized loans were to consumers, officials at the Dallas company say. Further CRE deterioration is anticipated.
How loan-hungry Ally is preparing for the Fed's upcoming speed limit April 18, 2024
The Detroit-based company is exploring ways to make more consumer auto loans without running afoul of stricter capital standards that are expected from the Federal Reserve. Possible approaches include more securitizations and the use of credit risk transfers.