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7 ways community banks can boost profitability

Independent Banker

A profitability strategy has a lot to factor in given today’s uncertain market. Here’s what community bankers need to know when planning their budgets for the next year. of digital banking customers said they switched to digital banking because of the pandemic. Source: 2021 Provident Bank survey. Quick stat.

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Community Banks Voice Frustration With Core Tech Providers

PYMNTS

Community banks are voicing their frustration with what they say is a lack of competition in the market for corporate bank technology providers, reports in The Wall Street Journal said Thursday (April 11). Community banks say their services are often too expensive and can sometimes be delayed.

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5 ways to shake up your lending strategy

Independent Banker

A new approach to loan protocols is just one way for community banks to grow in new and different directions. Assessing best practices, rates, marketing efforts and more can position loan producers for future success in unpredictable market conditions. David, Community Bank Consulting Services, Inc.

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How to collect positive customer reviews

Independent Banker

These community bankers share how they collect positive reviews, and how to respond to negative ones. Your digital footprint outside of your own properties is increasingly how decisions are made,” says Rob Birgfeld, executive vice president and chief marketing officer for ICBA. Northpointe Bank, based in Grand Rapids, Mich.,

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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. But if you read or watch interviews of CEOs of community FIs from 2008 forward, you will be bombarded with the message that they didn''t engage in the things that led to the collapse.

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Cross River establishes fintech investment banking unit

American Banker

The Fort Lee, New Jersey, company has hired a pair of veteran investment bankers to helm an effort serving fintechs' capital market needs "doubling down" on its commitment to the sector.

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Teflon Tim: You Can't Mess With Wells Fargo

Jeff For Banks

March 2017 - Failed the OCC's community lending test causing "significant harm to customers." As part of my comments, I presented the following table of New Jersey Deposit Market Share. I also included the USA deposit market share. Notice the bigger banks all held serve and maintained leading market share.