Independent Banker

DECEMBER 1, 2021

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

Oakland Community Community Bank Leadership 153

PYMNTS

MAY 15, 2019

In fact, engineering teams working in Munich have already built privacy and security features into the Chrome browser, including enhanced password management, as well as tools and improvements for cookie controls. Since 2007, we’ve grown in Munich to more than 750 people, hailing from more than 60 countries,” said Pichai.

Google 100

Google Tools Security Online 100

Jeff For Banks

JANUARY 11, 2014

According to a 2012 Boston College Center for Retirement Research study , 63% of American males (why only males I do not know) participated exclusively in defined contribution (DC) retirement plans in 2007, up from 47% in 1992. Those that participated in defined benefit (DB) pension plans was 16% in 2007, down from 31% in 1992.

Boston 84

Boston DC Community Community Bank 84

PYMNTS

FEBRUARY 7, 2020

RBS had the task of application development, food retail operations and technology connectivity, while UST Global and its partners provided the artificial intelligence (AI) solution and physical infrastructure. Staples is thinking creatively with a new store format that spotlights coworking, podcasting and community events.

Retail 143

Retail Dallas Massachusetts Technology 143

Jeff For Banks

NOVEMBER 6, 2011

First dropping the Fed Funds rate to near zero, and most recently with Operation Twist designed to guide long-term rates even lower. This has kept investment options for community financial institutions at historic lows. Community FIs are experiencing similar activity from their Main Street customers. a highly unusual situation.

Community 65

Community New York FDIC Philadelphia 65

Independent Banker

APRIL 28, 2016

There is no secret sauce to our community bank’s recent strong performance. Simply put, our board of directors has empowered a young, energetic, educated and motivated management team to make things happen. They are visionaries and stay involved; at the same time, they don’t meddle in the day-to-day operations of the bank.

Marketing 70

Marketing Illinois Community Lending 70

Jeff For Banks

DECEMBER 29, 2020

Live Oak was founded in 2007 to provide business loans, primarily Small Business Administration (SBA) guaranteed loans, to select industries, like dentists and veterinarians. They opened in 2007! This puts its price to tangible book ratio slightly north of 2x, high by traditional community bank standards today. Well done! #4.

North Carolina 147

North Carolina Capital Community Bank Wisconsin 147

Jeff For Banks

DECEMBER 29, 2021

The bank was founded in 2006 and operates 19 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. What is unique is, after reviewing the management team and board, there are people of Korean, Malaysian, Indian, and Chinese descent in leadership positions.

Capital 78

Capital Texas Metro North Carolina 78

PYMNTS

JUNE 13, 2017

Flipkart, the largest online retailer in India, relies on this Data Enabler to track and manage inventory in real time. 100 percent accuracy – Data managed by VoltDB is always accurate, all the time, for all decisions. Implementing a just-in-time inventory management system enables retailers to supply just enough items to each store.

Retail 111

Retail Data Online Management 111

Jeff For Banks

DECEMBER 26, 2012

In its latest investor presentation, BofI highlighted it''s expense ratio (operating expense as a percent of average assets) compared to peer as 1.67% versus 3.17%, respectively, and efficiency ratio (operating expense as a percent of total revenue) compared to peer as 35% versus 63%, respectively. Well done! #2. Well done! #3.

Texas 78

Texas National FDIC Capital 78

Jeff For Banks

APRIL 12, 2018

Mortgage bankers and brokers own a significant share of market (although less than prior to the 2007-08 financial crisis). Most community financial institution strategies has some sort of “community” focus. It’s implied whenever someone says “we’re a community bank”. Mortgage lending is getting away from us.

Lending 60

Lending Resources Community Metro 60

Independent Banker

DECEMBER 29, 2015

is becoming a more sales-conscious community bank. The bank is undertaking this steady transformation, a blend of operational and cultural change, to capitalize on its comprehensive financial product lines. In 2007, Countybank started the process of turning its branches into fully integrated financial centers.

Retail 70

Retail New Jersey Training Compliance 70

Jeff For Banks

MAY 21, 2011

If I had a nickel for every time an investment banker predicted the mass consolidation of our industry I could buy a free round to all attendees at next month''s Financial Managers'' Society Forum. Prior to the 2007 financial crisis, we prognosticators used to look at CEOs age as an indication of whether a financial institution would sell.

Leadership 70

Leadership Community Pennsylvania Capital 70

Gonzobanker

DECEMBER 17, 2021

Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Congrats to Randy and a great management team. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. Acronym of the Year. Has to be M-O-E. GonzoBanker of the Year – Credit Union. Has it worked?

Fintech 143

Fintech Strategy Leadership Lending 143

Independent Banker

FEBRUARY 25, 2015

Community banks, which will continue to face a growing number of senior customers with everyday cash needs and built-up home equity, should explore this niche lending opportunity, two community bankers providing these specialty loans suggest. who oversees 32 loan officers dedicated to providing the loans. FirstBank, which has $2.3

Trends 70

Trends Community Lending Community Bank 70

Jeff For Banks

DECEMBER 12, 2017

billion of assets and operates twenty five branches in the western suburbs of Chicago. Today, NPL/total loans is a manageable 0.94%, and the Bank ROA/ROE year-to-date is 1.22% and 11.61% respectively. Summit also operates an insurance subsidiary. Positive operating leverage! In 2007, the Bank had $1.1 Well done!

Minnesota 60

Minnesota West Virginia Virginia Iowa 60

Jeff For Banks

SEPTEMBER 4, 2011

billion in assets bank servicing the businesses, citizens, and communities of Southern Indiana. Upon reviewing their investor presentations, annual reports, and financials, it is clear they are a conservatively managed, geographically focused financial institution. First was a strategy where management exercises the greatest control.

Indiana 70

Indiana Strategy Exercises Marketing 70

Filene

MAY 3, 2016

And as we honor the large economic contributions of our nation’s small business community, it’s worth noting a growing trend in its development. In fact, from 2007 to 2012 the number of U.S. Community Microfinance Small Business Lending is a business lending product from Alterna Savings Credit Union in Canada.

Trends 28

Trends Marketing Community Lending 28

Jeff For Banks

MAY 29, 2011

I was researching videos of positive customer experiences for another potential post when I discovered this gem from Forrester Research done in 2007. Customer centric culture is most likely an industry buzz phrase similar to Total Quality Management and may evoke negative connotations. These things happened prior to TQM and Six Sigma.

Strategy 74

Strategy Customer Experience Video Boston 74

Jeff For Banks

JULY 8, 2017

million at the end of December, 2007, before the crisis hit in 2008. Recently, we have seen ransomware virtually cripple company’s networks and Internet access, as criminals exploit vulnerabilities in Microsoft’s Windows operating system. Dorothy has been with Penn Community Bank and its predecessor since November, 2004.

Marketing 60

Marketing Community Bank Security Data 60

Jeff For Banks

DECEMBER 12, 2015

Aside from interest rate risk, vendor management is high on the list. If a bank deems a vendor critical to its operation, it must analyze the vendor's financial statements to be confident in its viability. If looking for a FinTech (seven) partner, follow your vendor management procedures. Bank examiner focus moves in waves.

Fintech 60

Fintech Capital Cards Bitcoin 60

CB Insights

FEBRUARY 13, 2020

Stripe’s early success in acquiring customers was largely due to its mass appeal to the developer community. Stripe Connect and billing services help companies manage marketplaces, subscriptions. Sigma aims to streamline business operations. Stripe Billing optimizes subscription and invoice management. Source: Finix.

Online 98

Online Company Retail Payments 98

Jeff For Banks

APRIL 9, 2011

A bank attorney spoke at a recent Financial Managers'' Society (FMS) meeting that I attended. Community FI''s are similar to other companies in their strategic decision making. Time deposits have declined on a CAGR basis since 2007, as noted in its position on the chart. His topic: Leadership. companies are made from the gut.

Boston 90

Boston Analytics Analysis Groups 90

Gonzobanker

SEPTEMBER 10, 2019

Any overlaps between Akcelerant in loan operations and Avoka in sales/origination appear to have been sorted out in the Infinity product line. If the Kony acquisition is similar to Akcelerant and Avoka acquisitions thus far, disruption at Kony should be manageable. market has been a hard row to hoe for Temenos.

United States 88

United States Texas Austin Kansas City 88

CB Insights

OCTOBER 26, 2020

While the rules against prop trading have more recently been loosened, the restriction has still changed how investment banks operate. In the world of asset management, the biggest players are now dedicated firms like Vanguard. Total assets under management (AUM) at the top asset managers now dwarfs total AUM at the top banks.

Management 78

Management Capital Company Marketing 78

CB Insights

MAY 15, 2019

Key people: Annie Ye, Head of DAX, Senior Vice President, DBS Innovation Group; Neal Cross, Managing Director & Chief Innovation Officer. DBS leaders expect to see more than 5,000 people actively innovating DBS’ services and operations at DAX each year. DBS Bank — DBS Asia X (DAX). Founded: 2016. Founded: 2015. Founded: 2012.

Innovation 78

Innovation blockchain Technology Groups 78

PYMNTS

DECEMBER 16, 2019

The introduction of the iPhone in 2007 – and the birth of the apps ecosystem a year later in 2008 –inspired an entirely new class of innovators, stating the 2010s with a brand-new toolkit. There are Pays courtesy of mobile operating systems, like iOS/Apple and Android/Google and Samsung.

Payments 180

Payments Innovation Cards Google 180

Jeff For Banks

OCTOBER 19, 2012

And don’t forget that they are still finishing the $667 billion Operation Twist Program by year end 2012, where they sell shorter maturities and buy longer term ones to push interest rates lower. He started easing in 2007 and has thrown every easing tool in his playbook at us and unemployment remains stubbornly high. So stay tuned!

National 78

National Security US Massachusetts 78

PYMNTS

JANUARY 1, 2020

The introduction of the iPhone in 2007 – and the birth of the apps ecosystem a year later in 2008 –inspired an entirely new class of innovators, starting the 2010s with a brand-new toolkit. There are Pays courtesy of mobile operating systems, like iOS/Apple and Android/Google and Samsung.

Innovation 174

Innovation Cards Google Payments 174

PYMNTS

DECEMBER 26, 2016

We started to see the migration with more people joining the fraudster community, if you want to call it that, from mid-year last year.” Mike Cook, CEO and founder of XOR Data Exchange, explained how his company used data aggregation to manage SMB credit risk, fight fraud and put consumers back in control of their identity.

Fraud 110

Fraud US Data Payments 110

Lex Sokolin

DECEMBER 25, 2019

If you withdraw your Ether, you get charged an interest rate determined by an open governance community. a wealth management service from Set Protocol. It’s like watching Mint.com emerge in 2007. governments are definitely in the business of running communal financial infrastructure across asset classes.

blockchain 52

blockchain Bitcoin Software Lending 52

CB Insights

NOVEMBER 16, 2017

Groupon’s IPO in 2011 was the biggest IPO by a US web company since Google had gone public in 2007. He positioned himself on both sides of the Groupon deal through various privately-owned investment vehicles and management roles. In 2007, Lefkofsky and Brad Keywell seeded The Point with $1M. stake was worth about $2.5B.

Lending 78

Lending Capital Company Google 78

CB Insights

OCTOBER 16, 2018

2007: Missionaries build better products. When you abstract a task into a process, it’s easy to start managing to the process rather than to the outcome you want. In fact, in 2017, all of Amazon’s operating income came from AWS, a once-risky bet on a “dreamy” business idea. 2007: Missionaries build better products.

Customer Experience 78

Customer Experience Innovation Company Technology 78

CB Insights

DECEMBER 14, 2017

The 28,000+ subscriber community of obsessives that has fueled Soylent’s growth. Founded in 2007, Bonobos is the oldest company on our list of direct-to-consumer success stories. It can also help create a community — having a central, known figure to rally around can make it easier to reach people and build a conversation.

Video 78

Video Branding Company Strategy 78

CB Insights

OCTOBER 10, 2017

An explosion of new consumer finance brands is transforming how people save, spend, and manage their money. To build a successful personal finance management tool, it’s important to understand the dynamics of user acquisition and growth. In aggregate, they command $1.3 trillion in annual spending. The secrets of user growth.

Tools 78

Tools Millennials US Maine 78