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The Recency Trap and Building Deposit Balances

South State Correspondent

One of the lessons that was driven home at the recent American Banker Small Business Banking Conference in Nashville was the difference in marketing between large national banks and community banks, particularly deposit marketing. The data would indicate not marketing to a new customer is a mistake.

Marketing 195
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10 Lessons From The Small Business Banking Conference

South State Correspondent

Recently, the American Banker hosted their annual Small Business Banking Conference in Nashville, and as always, it was one of the better banking conferences of the year. Whole Banking is a Function of Team Banking Selling, servicing, and marketing small business banking is expensive because of the complexity.

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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

While the current growth rate needs to be left to each bank based on their capital cost, market, and risk tolerance, the general guide is that growth should be in the 3% to 5% range for this year. When offering a higher money market or CD rate, the direct damage done to cost of funds is often the least of a bank’s worries.

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New Carro Hire Shows How Vehicle Subscriptions Are Growing

PYMNTS

As digital and mobile technology changes the automotive market, vehicle subscription and online marketplace businesses are also growing, and undergoing changes. Indeed, the anticipated compound annual growth rate (CAGR) of the global automotive subscription services market through 2022 is 71 percent. Toyota’s Move.

Nashville 130
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The Great Grocery Race Shifts Into High Gear

PYMNTS

The players are many — but in the last year and a half, Walmart, Amazon and Kroger have managed to pull ahead in the earliest rounds of the race in terms of the breadth and depth of their enhanced offerings for consumers. Jet will also factor in locality when deciding which products are featured in its assortment for that region.

Metro 122
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Fizzle Of The Week: The NYC Amazon HQ That Will Never Be

PYMNTS

Amazon and the city of New York managed to pull off one of history’s more spectacular break-ups this week, with the Valentine’s Day announcement that the city and the nation’s largest eCommerce firm would not be joining forces to build half of Amazon’s HQ2 in Long Island City. and Canada.”. “The reaction is shock,” he noted. “We

New York 115
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Walmart Amazon Whole Paycheck Tracker: Physical Footprints, Grocery Gains

PYMNTS

Big Play of the Week: The Power of Prime Day to Move Markets . But this week, care of a report from Bank of America , the world learned that Amazon Prime Day also has the power to numerically move the entire retail market for that entire month. Stores on the March: Seattle, Boston and Nashville .

Retail 108