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The Folly of Peer Groups

Jeff For Banks

But because financial information on competitors is so readily available in banking (we must report to the FDIC our quarterly results and it is available to all), we become over-reliant on them. Regulators fall victim to this trap too. See below for a snapshot from an Umpqua Bank of Portland, Oregon UBPR.

Groups 60
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Bankers: Is your strategy the same as your competitor?

Jeff For Banks

We serve the dental and other health professional industries through a centralized loan and deposit platform that operates out of our main office in Dallas, Texas and serves clients in 30 states. Department of Agriculture. We are able to utilize relatively low cost deposits provided by our trust activities to fund additional loan growth.

Strategy 101
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SAFE Banking Act Gains Cannabis-Friendly Spotlight In Congressional Hearing

PYMNTS

Over the last two years, more than $500 million worth of cash deposits from the legitimate cannabis business has flowed into Maps Credit Union in Salem, Oregon. The hearing itself was a small victory for proponents who wish to open up the banking system to legal pot operators. But that’s the exception. market for legal weed.

Oregon 230
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SAFE Banking Act Gains Cannabis-Friendly Spotlight in Congressional Hearing

PYMNTS

Over the last two years, more than $500 million worth of cash deposits from the legitimate cannabis business has flowed into Maps Credit Union in Salem, Oregon. The hearing itself was a small victory for proponents who wish to open up the banking system to legal pot operators. But that’s the exception. market for legal weed.

Oregon 115