Bank Innovation

AUGUST 10, 2017

Ten years ago today, in the months leading to the start of the global recession, the ‘Quant Quake’ of August 10, 2007 shook Wall Street. But what’s changed since the Quant Crash of 2007? Have we found ways to protect the market from unexpected and extreme downturns driven, at least in part, by quants?

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PYMNTS

FEBRUARY 20, 2020

“Technology is changing the nature of traditional finance; the non-bank sector has grown, and requires deeper understanding and coordination among the supervisory and regulatory community. Pressures that can lead to market fragmentation exist. Federal Reserve governor — in the letter.

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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.

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Independent Banker

APRIL 28, 2016

Goodfield State Bank, chartered in 1920, has decided that sticking to the basics and focusing on niche markets will provide steady asset growth and a reasonable return to our shareholders. There is no secret sauce to our community bank’s recent strong performance. In 2007, our bank started an investment services division.

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Jeff For Banks

NOVEMBER 4, 2017

Because one key argument to combine brands is the efficiency of advertising into one or more media markets. All America Bank is a traditional community bank located near Oklahoma City, and has been around since the 1960's. This bank, unlike All America Bank, is relatively new, having been formed in 2007. I think not.

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Jeff For Banks

FEBRUARY 19, 2012

One such theme was the right sizing of community banks'' funding sources. Since the dawn of the financial crisis in 2007, loan demand has fallen off of the cliff, and therefore community banks did not need their historically high amount of CD funding. All other asset sized FIs either held their market share or slightly declined.

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Community Bank Community Industry Strategy 98

Jeff For Banks

NOVEMBER 6, 2011

The current market volatility has been with us for nearly three years. This has kept investment options for community financial institutions at historic lows. Market volatility and prolonged low bond yields is keeping investors on the sidelines. Community FIs are experiencing similar activity from their Main Street customers.

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PYMNTS

MARCH 8, 2019

Founded in 2007, eToro already services more than 10 million customers in more than 140 countries. Argentina is at the forefront of blockchain adoption and we’ve witnessed how it’s becoming home to some very passionate blockchain communities during our trip there,” Ella Zhang, head of Binance Labs, said in a press release.

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PYMNTS

MAY 26, 2017

The data collected through these online communities gives brands the insights they need to make real-time decisions that serve the commerce king: the customer. Currently the market is incredibly volatile and uncertain,” CEO Bahram Nour-Omid told PYMNTS. — as if they were on a social network. PYMNTS: Why was the company founded?

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Jeff For Banks

DECEMBER 1, 2020

in 2019 to the 0%-0.25% year to date has resulted in the revenues per product to go down in all deposit products with the exception of money market accounts (see table). The table is from my firm's profitability peer database, where we measure product profitability for dozens of community financial institutions.

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PYMNTS

FEBRUARY 7, 2020

Staples is thinking creatively with a new store format that spotlights coworking, podcasting and community events. Its offerings include a 500-square-foot community space for meetings, workshops and speaker sessions. Each Staples Connect store also has marketing and technology services, among other offerings.

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Jeff For Banks

JULY 8, 2017

The markets continue to roll and bond markets continue to trade in a 25 basis point range, hitting the higher end when they think the economy is strong (why else would the Fed raise rates?) Presidential Agenda I am very surprised that the markets are not having fits over the lack of progress on the presidential agenda.

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Marketing Community Bank Security Data 60

Jeff For Banks

AUGUST 12, 2018

In my career, I’ve lived through many years of the Fed raising interest rates and it’s my experience that they usually tighten too much and keep rates high for too long, just like in 2001 and 2006-2007. Dorothy has been with Penn Community Bank and its predecessor since November, 2004. And does the following sound familiar?

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PYMNTS

JANUARY 30, 2019

Between 2007 and 2014 the brand’s sales plummeted, falling by nearly half. But the beauty market is growing, the direct selling market is growing — the core and essence of what Avon has to offer is still absolutely relevant.”. The goal is build out an army of micro-influencers and drive entire online beauty communities.

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Branding California Online Marketing 159

Long Lasting Ideas

MARCH 1, 2016

The title alone may beg the question: What in the world does employee happiness have to do with marketing a bank?’. And moreover, think about the message those happy employees communicate to current and potential customers. Happy bankers also engage with the community beyond the branch’s four walls. HomeBanc in Tampa, Fla.,

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American Banker

DECEMBER 16, 2016

The application process is worth watching since the group is seeking the first Georgia charter in seven years and would be based in a market where more than 90 banks have failed since 2007. Pacific Metro Bank would cater to Chinese-Americans around Atlanta.

Georgia 28

Georgia Metro Atlanta Marketing 28

Abrigo

AUGUST 20, 2021

Amnesty International reported in 2007 that an estimated 3.7 Start with Part 1: Implications for Community Financial Institutions. Break the economic power of transnational criminal networks and protect strategic markets and the U.S. million men, women, and children. Read our blog series on the FinCEN's priorities.

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Long Lasting Ideas

MARCH 3, 2016

FASB’s complex proposal (Current Expected Credit Loss, or CECL) would force community banks to record a provision for credit losses the moment they make a loan. Let’s look back a few years at around 2007 and 2008, around the time of the Great Recession. at Bank Marketing Strategy + Ideas.

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Community Bank Marketing Strategies Community Regulation 40

Jeff For Banks

JUNE 2, 2023

More recently and by comparison, the mortgage meltdown and subsequent global financial crisis took down more than 500 banks between 2007 and 2014, with total assets of nearly $959 billion. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate? trillion failed. What caused it?

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FDIC Community Bank Regulation Lending 78

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

DECEMBER 29, 2020

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. They opened in 2007! I searched for what they do different than traditional community banks.

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South State Correspondent

APRIL 10, 2023

While the market focuses on deposits and liquidity, media pundits and analysts are waiting for credit problems to appear. CRE Risk Background While ten years ago, community and regional banks use to make up some 55% of the CRE market, in 2023, these banks now compose approximately 72% (below). touched off a wave of bankruptcies.

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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). And Quicken Loans is in the top 5 HMDA market share in nearly every market we analyze. We lost auto loans to the indirect market. It’s implied whenever someone says “we’re a community bank”.

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Jeff For Banks

MAY 20, 2017

and New York Community Bancorp called off their planned merger. They need a marketing person to title their reports. The upshot of the analysis, in my opinion, is that the risk can be further limited to CLD lending, more so than straight, plain vanilla CRE lending that is so common in community financial institutions.

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PYMNTS

AUGUST 31, 2016

And nothing is worse than a bad product launch or poorly planned marketing strategy. Let’s just say, the pics weren’t well-received by the sneaker-loving community, and Harden’s been hearing it on social media ever since. With that said, PYMNTS decided to take a look at some of retail’s biggest winners and losers of the moment.

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Jeff For Banks

JUNE 4, 2018

I recently wrote that I thought bankers would have to prepare to offer rates more in line with the market. I noted that there was a greater than 100 basis points difference between what a customer could earn on an FDIC-insured Goldman Sachs Marcus account than what they could earn in your bank's money market account.

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PYMNTS

SEPTEMBER 18, 2018

But a standstill in the credit markets created a vacuum for a bit, at least along traditional lending conduits. Much has been said about the wealth effect of those who held and hold stock market securities, and much has been written about income disparity. The rise of FinTech offers a bit of a prism through which to view those events.

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Independent Banker

DECEMBER 29, 2015

Community bankers offer real-world reasons for more Basel III relief. Nearly one year after the Basel III capital rules went into effect, community bankers say that now recognize just how much more complex and how much more difficult this new set of capital rules will make life and business for them if they remain in place.

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Community Bank Community Capital Lending 70

Jeff For Banks

OCTOBER 4, 2014

The branch is king, and if you don''t have one in a market, you will not succeed there. Lending Club funded $5 billion in loans since its founding in 2007. Banks remain centers of communities and the number one source for capital for small business. Was Vanguard a disruptor? Was ING Direct a disruptor? And Quicken Loans.

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Technology Cyber Security FDIC Strategy 105

Gonzobanker

DECEMBER 17, 2021

For the past four-plus years, Chesler has guided Glacier through continued growth and successful acquisitions across the West, all while staying true to Glacier’s local market culture. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. Like how does that play into our communities? 82% to over 2.3% Inspirational?

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Fintech Strategy Leadership Lending 143

PYMNTS

JUNE 19, 2017

The price point skews higher than much of the luxury market, but for luxury shoppers, that’s even more of a selling point. Founded in 2007, just as it was becoming clear that eCommerce was about to be a huge thing, Farfetch is digital-first. Farfetch isn’t a luxury retailer trying to go digital. Traditional retailers, take note.

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PYMNTS

JUNE 13, 2017

PYMNTS caught up with Dennis Duckworth, senior director of product marketing, to find out how VoltDB is supporting retailers and others to keep up in the digital world. Started in 2007, VoltDB’s first commercial release was in 2010. There are few tests as recognizable as Jepsen in our community. How did the company overcome?

Retail 111

Retail Data Online Management 111

Jeff For Banks

JULY 2, 2015

Since 2007, banks have been challenged to grow revenues. It’s not necessarily the affiliate fees that will move our revenue needle, but providing budding businesses within our communities the needed capital to succeed will build loyalty, deposit balances, and eventually “bankable” loans should these businesses succeed. Your choice.

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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. About the market. who oversees 32 loan officers dedicated to providing the loans.

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South State Correspondent

AUGUST 22, 2023

Part of this ROE value is driven by an average beta of 9 for a TM customer compared to an average beta of 50-60 for a money market or other interest-bearing deposit account. If they do market, it is to every commercial customer in the footprint, which often results in suboptimal marketing results.

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Independent Banker

DECEMBER 29, 2015

is becoming a more sales-conscious community bank. A key player in this transition is Jason Boling, whose broad job description includes helping develop and implement the $340 million-asset community bank’s retail strategy. In 2007, Countybank started the process of turning its branches into fully integrated financial centers.

Retail 70

Retail New Jersey Training Compliance 70

Gonzobanker

SEPTEMBER 10, 2019

The digital banking market continues a long burn—this time like the smoke of a Texas summer barbecue. market expansion. The timing of the announcement and due diligence were reportedly rushed to leverage the energy of the conference and communicate with clients face to face immediately after the announcement.

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