PYMNTS
DECEMBER 23, 2019
However, it is a quickly changing industry, thanks to digital banking. Its omnipresence is altering how members want to interact with their CUs, though regulatory and compliance issues often mean that members cannot reasonably expect the same lightning-fast interactions they might get from banks and FinTech firms. percent and 4.1
Gonzobanker
DECEMBER 14, 2023
Merger of Equals Deal of the Year (Bank) – Burke & Herbert Financial Services Corp. billion bank in the Mid-Atlantic region. Merger of Equals Deal of the Year (Credit Union) – Spire Credit Union and Hiway Credit Union put 2+2 together to make a $4 billion institution in the Minnesota market. and Summit Financial Group, Inc.
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PYMNTS
SEPTEMBER 23, 2019
In the September Credit Union Tracker , PYMNTS explores the latest in the world of CUs, including friction between CUs and the ABA, the increasing importance of social media for member engagement, and how CUs are regaining their personal touch in an increasingly digital world. How Digital-First CUs Can Break The Impersonality Barrier.
Gonzobanker
JUNE 26, 2019
The bank not only found opportunities to eliminate the need for manual data entry, but it also estimated that 25 CRM users are saving about an hour per week just by making data easier to find. Lake Michigan Credit Union tackled the notorious “next best product” challenge by incorporating member data and overlaying organizational priorities.
Gonzobanker
DECEMBER 19, 2022
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. Acquisition of the Year: Bank Acquiring a Fintech. A relationship bank with a 37% efficiency ratio? banks by market value.”.
PYMNTS
APRIL 29, 2020
According to data from digital bank Current on how those who have received their federal stimulus funds have spent them, about 45 percent of the funds have been spent, and food was the preferred spending category. The COVID-19 pandemic has made consumers hungry.
Gonzobanker
DECEMBER 20, 2019
Chris Myers, President & CEO, Citizens Business Bank – During a tumultuous time for West Coast banks, Myers kept his sights on being a top commercial relationship bank. The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion.
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