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New ICBA chairman Derek Williams’ commitment to community

Independent Banker

Derek Williams, president and CEO of Century Bank & Trust in Milledgeville, Ga., wanted to be a financier before finding his way to community banking. He has also served on ICBA’s executive committee for many years, including a term as treasurer from 2016 to 2018. That love of community has defined his career.

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Three Common Mistakes Banks Make

Celent Banking

Millennials this…”, “Small businesses that…”, Community banks are…”. Two current examples illustrate: The Use of AI in Banking is About to Explode. While referring to a small number of community banks interviewed for the article, it projects those results on the entire community bank population.

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Fintech And Financial Institutions – Bridging the Gap

NCR

Most community banks and credit unions have only one app, their banking transaction app. Hawaii National Bank’s Hawaii Score enables existing bank customers and non-customers the capability to access a TransUnion credit report and score without the need for a credit card or an existing account with Hawaii National Bank.

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Are Rewards Programs a Requirement?

Independent Banker

Banking customers are no different. Statistics are especially compelling for those trying to attract and maintain the millennial segment. But offering a rewards program alone will not make a bank unique or successful. Retrieved April 19, 2016, from https://www.colloquy.com/latest-news/2015-colloquy-loyalty-census/.

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FinovateSpring 2016 Live Blog – Day 2

William Mills

William Mills Agency and Beyond the Arc will be live blogging at FinovateSpring 2016. In 2015, 70% of customers preferred to open bank accounts through mobile channels. Fiserv is meeting that need for FIs and millennials. Demo: In Instagram – Example dude sees an ad for sunglasses from a bank called Genius.

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The Battle for Retail Deposits

ForwardBanker

As anyone in banking will tell you, the days of free-wheeling deposit growth for community banks are grinding to a halt. The Federal Reserve made good on its promise to raise rates in 2016, and more are coming. A coffer filled to the brim with low-cost deposits … ah, those were the days. The reason?

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A Step Ahead

Independent Banker

With the average individual spending 100 minutes on social media each day, it’s entirely possible for community banks to share some of that screen time. If you’re an online bank or are simply looking for younger, more millennial-type customers, Twitter and Instagram are strong platforms to use. With a combined 2.5