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7 ways community banks can boost profitability

Independent Banker

of digital banking customers said they switched to digital banking because of the pandemic. Source: 2021 Provident Bank survey. These days, there’s a lot to contend with as a community bank, from changing consumer behaviors due to the pandemic to uncertainty surrounding the economy and inflation. Quick stat.

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4 tips for better vendor management

Independent Banker

Community banks use dozens or even hundreds of vendors—making it critical that they have an efficient way to stay compliant, track performance and more. Some banks are using a combination of software and internal personnel and systems to do just that. In addition to its vendor management platform, $2.2

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How to collect positive customer reviews

Independent Banker

Community banks need to pay attention to what’s being said about them in those spaces. Northpointe Bank, based in Grand Rapids, Mich., billion-asset community bank also keeps an eye on more niche websites and platforms, where it knows potential customers may be. Miller is a writer in New Jersey.

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Peapack-Gladstone sets sights on New York City

American Banker

The New Jersey institution has hired Jeanne Scungio, a veteran banker who ran First Republic Bank's New York operations, to oversee its expansion into the Big Apple.

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Teflon Tim: You Can't Mess With Wells Fargo

Jeff For Banks

As part of my comments, I presented the following table of New Jersey Deposit Market Share. Wells maintained its market share from June 2017 to June 2018 in both New Jersey and nationwide. Notice the bigger banks all held serve and maintained leading market share. I also included the USA deposit market share.

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Will "Plain Vanilla" Kill Community Banking?

Jeff For Banks

I was at a strategic planning retreat a few weeks back where a colleague lauded the concept of bankers getting back to plain vanilla community banking. Is the premise that doing "plain vanilla" banking acceptable? So will continuing to operate "as is" work infinitum? I hear and read this often. I doubt it.

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Bankers Bank: The Next Generation

Jeff For Banks

I think correspondent bankers are finding their way and morphing into services that banks need. Their original purpose, as I understand it, was to use up operating, liquidity, and credit capacity in larger financial institutions to benefit nearby community banks. Call the correspondent bank. Need access to cash?

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