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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Despite a 30% increase in expected losses in markets like Dallas, Atlanta, D.C., For 2023, banks need to prioritize interest rate risk management and credit accuracy as a top priority. As a result, national banks are eroding the customer base of the community bank. of the banking market, according to Statista Research.

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Duly Authorized

Independent Banker

With wire fraud on the rise, community banks have to step up precautions to protect themselves and their customers. Smaller community banks may have an easier time identifying red-flag transactions manually, but larger community banks can more effectively mitigate risk with anomaly detection and authentication software, Gilmeister says.

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Guest Post: Financial Markets and Economic Update - First Quarter 2024

Jeff For Banks

If the Atlanta Fed’s current GDPNow projection for 1Q24 GDP of +2.1% ISMs and regional Fed surveys have been mostly negative for months on end. Dorothy recently retired from Penn Community Bank where she worked since 2004. Nominal GDP is not the only consideration, but it’s a pretty important one.

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Guest Post: Fourth Quarter and Year End Economic Commentary by Dorothy Jaworski

Jeff For Banks

GDP in the 4Q15 is tracking at 1.0%, according to the Atlanta Fed. In our region, the Philly Fed indices of business activity all turned negative in December, but, hey, higher rates will help, right? Dorothy has been with Penn Community Bank and its predecessor since November, 2004.

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The 2019 GonzoBanker Awards

Gonzobanker

Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank. billion of assets under management. It was always clear how much Jones loves his credit union, his team and his community.

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