Key insight: Community banks may be able to benefit from the enormous buildup of AI capacity, as the cost of AI-based fraud detection falls. What’s at stake: Criminals’ use of AI-generated deepfakes to commit fraud has been growing rapidly. Expert quote: “What was once the stuff of movies is now a reality,” said Federal Reserve […]
Fed’s Barr warns community banks about AI fraud risks Read More »
Glen Burnie Bancorp When Mark Hanna told his banker friends that the Maryland-based community bank he leads was planning to buy a mortgage lender, they “looked at me as if I had five eyes,” he recalled this week. The underwhelming reaction came as little surprise, said Hanna, who is the president and CEO of Glen
Maryland community bank bucks trend, pins hopes on mortgages Read More »
Longtime Valley National Bancorp CEO Gerald Lipkin, who built the one-time New Jersey community bank into a regional institution with more than $23 billion of assets, passed away Wednesday at age 84. Gerald Lipkin, who spent nearly three decades as CEO of Valley National Bancorp in New Jersey, presiding over its expansion into a regional
NJ bank mourns death of longtime CEO Gerald Lipkin Read More »