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The Recency Trap and Building Deposit Balances

South State Correspondent

One of the lessons that was driven home at the recent American Banker Small Business Banking Conference in Nashville was the difference in marketing between large national banks and community banks, particularly deposit marketing. The data would indicate not marketing to a new customer is a mistake.

Marketing 195
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If You Are Tired of Being Transactional, You Need A Hedge Program

South State Correspondent

Loan-level hedging has become an important tool that many community banks have started to adopt in 2024. Meet Competitive Pressures : National and larger regional banks are specifically targeting better borrowers for five, seven, ten-year fixed-rate loans.

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If You Are Tired of Being Transactional, You Need A Hedge Program

South State Correspondent

Loan-level hedging has become an important tool that many community banks have started to adopt in 2024. Meet Competitive Pressures : National and larger regional banks are specifically targeting better borrowers for five, seven, ten-year fixed-rate loans.

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Risk of Derivatives – The Fall of an Index

South State Correspondent

Bloomberg recently announced that it will shut down its BSBY index on November 15, 2024. With the development of the term SOFR market, BSBY offers no perceived advantages over SOFR, Fed Funds, or Prime. BSBY was not well received by US regulators from its inception, but the market eventually embraced SOFR over BSBY.

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These Are Your Most Profitable Cash Management Clients

South State Correspondent

For starters, a customer may carry large balances but not generate franchise value if those balances are all in high-paying money market accounts or are highly volatile. The value driver in cash management is that it is usually some sort of operating account at the bank. As such, operating accounts have low-interest rate sensitivity.

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India’s Licious Notches $30M Series E Led By Singapore’s Vertex

PYMNTS

Licious will use the funding to expand its presence across new and existing markets and boost its product line in the ready-to-eat space, according to Licious Co-Founder Vivek Gupta. Anticipated growth in India’s cold-chain market is expected to be an estimated $37 billion by 2024, according to industry projections, the report said.

Industry 131
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Use Our ERC Assist Program to Raise Deposits

South State Correspondent

The ERC filing deadline is October 2024. Currently, there are only a few established national brands processing ERC at scale (CPAs will do it for you on a one-off basis). Market Overview To give you a feel for the market, we present the following data from our experience. The largest risk is headline risk.

Taxes 195