Credit Commentary

By David Brown, Managing Director ACBB Advisory Services

So, is the recession here yet? We have been hearing those recessionary drums beating for over a year now, but what does the data tell us? From a macro view, we are 10 years from the last recession, and we have had a recession nearly every 10 years since the 1970’s, so a recession is coming. As part of our Loan Review practice, we analyze data trends in the banking communities of the Northeast and the Mid-Atlantic regions. Most recently, we looked at credit trends from December 31, 2017 to December 31, 2018.

Insights from Across Our Client Community

 By Joe Krzywicki, SVP, Sales and Marketing

We partner with hundreds of community-based financial institutions across multiple geographic regions. We continually engage our clients in conversations to better understand and respond to their needs. During these conversations we have become aware of a disruption in the marketplace that may have a material impact on your ability to serve both business and retail customers.

Having Headaches with Hemp?

I am sure you have all heard by now that on December 12, 2018, Congress passed the Farm Bill. With the passage of the Bill, hemp production will become legal once the final regulations are written and enacted. Some estimate hemp production will grow into a $20 billion industry by 2022.

CEO Corner

I would first like to thank all of our shareholder banks (or customers) for their support and business over the past year. It is because of you that your bankers’ bank was able to grow in both size and profitability, as well as service offerings. Our team continues to work hard in providing more value for helping you compete more effectively. A recap of events and some of our benefits follow:

BITS - Message from the CEO - Q1

2019 is gearing up to be another bellwether year for BITS. Because of some of our expanded partnerships, we expect our growth rate to gain tremendous steam in the next couple years. BITS will spend a good portion of 2019 preparing for this growth, by optimizing our processes, improving automation, and completing the integration of our systems.