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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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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. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. Then there is credit.

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Investors Sour On Postmates, Triggering Layoffs

PYMNTS

Employees were axed from the company’s headquarters in San Francisco as well as from Los Angeles, Nashville, Tennessee, and other offices. . “We We made the difficult decision to end operations in Mexico City as we focus on our continued growth in the U.S.,” Grubhub has reportedly lost over half of its market value this year.

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Airbnb Hosts Turn To Long-Term Rentals To Stay Afloat

PYMNTS

Airbnb hosts looking for alternatives to their usual operations while the coronavirus stalls the economy have begun listing their properties on other sites, according to CNBC. Now, he’s cornering a market for himself offering space for medical professionals to stay as they travel to the area to treat coronavirus patients.

Nashville 131
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Postmates Waves Goodbye to Community Managers

PYMNTS

As such, there will likely always be a need to adjust staff and operations from time to time. To do this, the company, which currently runs 44 locations, chose to make its operations leaner with the elimination of its community manager. This is a lesson on-demand delivery service Postmates just recently learned. Every minute counts.

Community 100
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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. Many banks were looking to install more automation to lower operating costs. Gaining operating leverage is critical to produce above-average profitability in banking.

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The Unattended Path To Car Buying

PYMNTS

A company called Carvana is looking to bring convenience to car-buying with their new branded coin-operated car vending machine, recently opened in Nashville, Tennessee. But, despite those changes, car buying has remained essentially the same process for decades — until now, that is. .

Nashville 104