TOPIC: Business Impact

Affiliate question

VP at a bank ($648MUSA)
We are looking to possibly be listed as an affiliate of another company on their website.  No ownership, no payment, no fee.  It is a Business Resource Company which also sells and purchases commercial properties.  Basically, our bank would just be listed on their website as an affiliate where customers can look and see service providers.  

This is a new company, this is listed as a benefit on their website:  You increase your business presence as a provider. This is a legitimate connection that helps you build your own network and connects to your own online presence.  You become a member of a well-vetted directory of business service providers that is more than a simple referral network.
I am new to compliance and not sure where to start?  Was told if it is a lot of work we will not do.   Thoughts???

    Policy & Procedures for Banking Hemp

    Employee at a credit_union ($313MUSA)
    Hello Folks,

    We are beginning the research phase in hopes to learn a bit more about banking hemp related businesses.  We are looking for other credit unions and banks within the state of Oregon who might be willing to share their policies, procedures and best practices.  What are some of the positive and negative outcomes from opening accounts for these businesses?

    We appreciate any and all feedback.
    Thank you!

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        Business Intelligence Department

        AVP at a bank ($459MUSA)

        Does anyone's institution have a Business Intelligence department currently? At what asset size did your institution add a Business Intelligence department to the team? What is your current asset size if you are looking to develop one? By Business Intelligence I mean a team that is dedicated to analyzing processes within your institution and gathering data to find ways to improve. Additionally they would be responsible for working with the department leads to explore new business opportunities. Specifically they would be responsible for gathering quantifiable data that would assist the department/senior management with making those decisions rather than relying simply on feelings and assumptions.

          Is This Partnership a Right Fit? More than 50 Banks Found Out Firsthand.

          In January, 56 community banks from 20 states joined Bankers Healthcare Group for a behind-the-curtain experience at our Informational Regional Seminar in Nashville, Tenn.

          Our 75 attendees heard from BHG’s Founder/Chairman/CEO Al Crawford and c-suite leadership team in finance, credit, underwriting, compliance, marketing, sales, and analytics. This was a great opportunity for them to learn about our business model, commercial medical loan program and financial strength, and uncover new revenue opportunities for their banks.

          We had a great mix of prospective customers and current customers from some of BHG’s 940 bank partners, which gave everyone a chance to network and learn. Prospective customers love to hear about the experiences of current customers, while current customers appreciate the business and product updates, as well as the opportunity to connect with key BHG contacts.

          Our seminars are a great way to get to know BHG—and we hold them throughout the year, across the country. If you’d like to attend an upcoming seminar, please email bhgbanks@bhg-inc.com or call 877-731-6562 to get the details!

          About BHG: Bankers Healthcare Group (BHG) is the leading provider of financial solutions for licensed healthcare professionals. The company originates, underwrites and funds medical and professional loans before selling them to local banks nationwide.

          To date, BHG has underwritten nearly $15 billion in commercial loan requests with an average size of $100,000, providing a network of more than 940 U.S. community banks a source for premium loans, portfolio diversification, and competitive yields without overhead costs traditionally associated with this quality borrower. Banks purchase BHG loans through a secure, online system that allows for daily sale and delivery of loans. This has been a highly effective channel for a bank to quickly approve and purchase loans according to their underwriting standards. BHG’s 2018 sales distribution has averaged $4 million per day and new loans are posted daily.

          Pinnacle Financial Partners, Inc., and its subsidiary Pinnacle Bank hold a 49% total interest in BHG.

            Educational Seminar in Nashville, 2019

            See why more than 925 of your peers have purchased loans from Bankers Healthcare Group, at the upcoming Nashville Info Seminar.

            • Engaging seminar - Hear from the Founder/CEO and the c-suite leadership team in finance, credit, regulatory, marketing, sales and analytics.
            • Understand the 5 convenient, hassle-free methods to purchase loans.
            • Discover additional revenue opportunities for your bank:
              • Consumer loans to licensed medical and other professionals
              • Patient lending – connecting community banks to hospitals and surgery centers
            • Network with key BHG personnel and other community banks from around the US.

            Email us at bhgbanks@bhg-inc.com or call 866-461-5069 to find out the details!

            "The BHG Info Seminar was an excellent experience. We are new to BHG, having just purchased our first loan last month. It’s was a valuable experience to have the company’s staff answer your questions and talk to other banks who have experience with BHG. I was able to learn how they manage their portfolio and loan terms. The event was first-class, all the way. I came away very impressed with BHG." – Minnesota Bank President

            About BHG: Bankers Healthcare Group (BHG) is a well-established, direct lender that has a commercial loan program specifically tailored to the business needs of licensed healthcare and other professionals. BHG has provided over $4 billion of these originated, underwritten and funded loans to 925+ community banks throughout the US since 2001.

              Loan origination system release updates (LaserPro)

              Person at a bank ($400MUSA)

              Good afternoon,

              We are looking to implement a more formal way to document our Loan Origination system release testing findings, results, regulatory & legal question, and impact to current processes with in each Lending Line of Business for final implementation signoff.

              Does anyone have such a process and/or form(s) they are willing to share?

              Much appreciated.