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Retail banking trends to look out for in 2023

Independent Banker

ITMs and VTMs are popular retail banking innovations among community banks. We spoke with two community banks that have ramped up their services to meet—and exceed—the changing expectations of customers. Community banks are constantly looking to the future and identifying what customers want. Jeff Versluys, One Community Bank.

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Lexicon Bank: A bank that shows its hand

Independent Banker

When it comes to supporting outliers in the Las Vegas community, Lexicon Bank knows how to play its cards. But as a community bank that is there to serve the gaming hub of Las Vegas, Lexicon Bank welcomes these players with open arms. I mean, that’s what a community bank does.”. Photo by Sammy Tillery. By Tom Groenfeldt.

Las Vegas 129
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Facebook Reportedly Asks Banks To Share Customer Data

PYMNTS

In an effort to provide more services to its users, Facebook has reportedly asked banks to share customer information, such as checking account balances and card transactions, the Wall Street Journal reported. The effort comes as Facebook seeks to become a place for commerce — not just a platform to interact with friends.

Data 103
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Who were ICBA’s Top Lenders of 2022?

Independent Banker

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. First Community Bank of the Heartland, Inc.

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Grocery Roundup: New Amazon Fresh Store, SpartanNash Puts Incentives In ‘Fast Lane,' Walmart On Autonomous Delivery

PYMNTS

As it stands, 69 SpartanNash stores in Wisconsin, South Dakota, North Dakota, Nebraska, Minnesota and Michigan provide the Fast Lane offering. Giant Eagle , the Pennsylvania-based supermarket chain, has debuted its myPerks multi-tiered loyalty program in a community in Ohio. Giant Eagle Unveils Multi-Tier Rewards Program.

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Best banks to work for in the U.S.

Abrigo

It is of interest to note that many may be considered smaller, community banks. Operating eight branches in east-central Wisconsin, 1st National Bank places importance on employee health. For maintaining their normal weight during the holiday season, employees are rewarded with healthy cookbooks and gift cards. Live Oak Bank.

Nashville 170
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Capstone Conference

Independent Banker

Wisconsin bank uses LEAD FWD Summit as a development resource. Young employees at the community bank in Madison, Wis., Those projects made recommendations that revamped the bank’s deposit-account-opening procedures, improved its credit card approval process and helped select new interactive teller machines to buy. By Tim Cook.