Remove Article Remove Community Remove Regional Remove Taxes
article thumbnail

Investing in America: 7 Strategies and 7 Tactics That Can Drive Business

South State Correspondent

In this article, we breakdown the details and discuss seven strategies and seven tactics banks use to set themselves apart. By taking a leadership role, banks can assist customers and their communities and generate loans, deposits, and fees in the process. The ancillary Investing in America program has roughly $171B to put to work.

America 195
article thumbnail

The Concentric Relationship Strategy in Banking

South State Correspondent

In recent articles ( here and here and here ), we discussed why banks that take risks to earn higher revenue demonstrate lower performance as measured by return on assets (ROA). Top-performing community banks deploy relationship banking. This article shares a simple strategy a successful lender (Linda N.) uses at our bank.

Strategy 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Relationship Pricing Means for Bank Performance

South State Correspondent

Many banks pride themselves on superior customer service, and approximately 90% of all community banks believe that they provide an above-average level of customer service (the math cannot work that way). Banks can then calculate SVA by subtracting their cost of capital from net operating profit after tax for each client.

Resources 195
article thumbnail

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. ” This article explores the recency trap and discusses how to prevent it.

Marketing 195
article thumbnail

Big Tech Compliance Tracker: Apple, Google, Amazon Boost UK Fees To Cover New Digital Tax; Amazon Gets FAA’s OK For Drone Delivery 

PYMNTS

Big Tech Updates Fees to Reflect UK Digital Services Tax. Apple announced upcoming tax changes for apps and in-app purchases to include tax law changes in the U.K. digital services tax on to consumers in addition to an existing 20 percent value-added tax. customer charges to cover the new tax.

Taxes 131
article thumbnail

Navigating the Loan Landscape: A Guide to Small Business Financing

Ublocal

In this article, we’ll explain everything you need to know about SBA loans and how to apply for one. Pay taxes to the U.S. If requested, you’ll also need to provide your personal tax returns from the past three years. and primarily operating in the U.S. Sole proprietors can provide their Schedule C.

article thumbnail

Remembering 9/11 – A Pivotal Day for BSA/AML Professionals

Abrigo

Would you like other articles like this in your inbox? BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. See Part I: Implications for Community Financial Institutions. September 11, 2001 will stay with Americans forever.

Training 195