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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. Luckily, there are several strategies in community banks’ toolbox for boosting profitability, even in a low interest rate environment. Build a lending niche.

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Beneficial State Bank’s financial activism

Independent Banker

The idea that community banking can be a force for positive change is at the heart of Beneficial State Bank, which engages its customers through financial activism. billion-asset community bank in Oakland, Calif., When it comes down to it, though, the community bank’s mission is radically simple. Photo: Ashley Courter.

Oakland 153
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Mortgage applicants find cozy home at some credit unions

Abrigo

Utilizing the Bank Information platform, Sageworks recently released a ranking of the top mortgage lending credit unions in the U.S. In a lending segment once cornered by banks, credit unions are making an impact for those looking to purchase their own home. Image via Mapcustomizer.com.

Regional 186
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The 2022 GonzoBanker Awards

Gonzobanker

TD has been a player that maintained its acquired market share so we are hoping this one doesn’t get messed up like other Canadian banks that have struggled in the Southwest. SoFI gets a commercial bank that brings deposits, compliance, AND business lending. First Horizon is a wonderful franchise with a valuable Southeast footprint.

Community 216
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The Lebron Effect On Payments

PYMNTS

According to reports, store number two will also be in Seattle, about a mile from the first location. Amazon said it is “excited to bring Amazon Go to 920 5th Avenue in Seattle” for those who couldn’t quite travel that last mile. The company also said its market share is over 40 percent in 16 U.S. Bixby Gets Sporty.

Samsung 110
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Podcast: With Rebrand, WaFd Puts Its Bank Identity Front and Center

ABA Community Banking

billion regional institution based in Seattle -- had a problem: many in the general public didn't realize exactly what it did. Washington Federal -- a $16.4 The post Podcast: With Rebrand, WaFd Puts Its Bank Identity Front and Center appeared first on ABA Banking Journal.

Seattle 40
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Banking's Top 5 in Total Return to Shareholders: 2019 Edition

Jeff For Banks

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. billion in assets community bank with 22 branches that encircle the Seattle Sound.

Indiana 78