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7 ways community banks can boost profitability

Independent Banker

of digital banking customers said they switched to digital banking because of the pandemic. Source: 2021 Provident Bank survey. These days, there’s a lot to contend with as a community bank, from changing consumer behaviors due to the pandemic to uncertainty surrounding the economy and inflation. Quick stat.

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So You Want to Be a Venture Capitalist: Best Practices for Community Banks Investing in Fintech Startups

Gonzobanker

billion in Q4 2022, down 79% from Q4 2021. The total number of deals funded dropped from 423 in Q4 2021 to 342 in Q4 2022, representing a 73% decline in the average funding amount per raise from $43 million down to $11.4 Community Banks as Venture Capitalists In fact, not all providers of venture capital are venture capitalists.

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Community Bank CEO Outlook 2022: Your priorities for the new year

Independent Banker

If 2020 was the year no one expected, 2021 was a year of resetting expectations. Between a smoldering pandemic, the divisive political landscape and strong, albeit uneven, growth, there was a lot to account for in 2021, and some uncertainty remains. Janet Silveria, Community Bank of Santa Maria. Click to enlarge.

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2021 GonzoBanker Awards

Gonzobanker

Gonzo readers, 2021 was just plain schizophrenic. 2021 fintech investments, merger activities, and overall focus were off the charts. Two, read and enjoy the 2021 GonzoBanker awards, our annual take on the best things we saw during the year. Bank Deal of the Year. Bank Merger of the Year. Doug Larson.

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Developing leaders in mortgage lending – Navigating uncertainty with leadership strategies

Independent Banker

What it means for community banks is clear. Numbers from the second and third quarters of 2021 would indicate that a decline to more historically normal levels of activity is underway. Download Finastra’s white paper Developing leaders in mortgage lending – Navigating an uncertain market with strong leadership strategies.

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8 Takeaways From JPM’s Shareholder Letter

South State Correspondent

Recently, JP Morgan Chase released its 64-page 2021 shareholder letter and 340-page annual report. As usual, it was full of insight that every community banker should consider. Our focus is on information that pertains to the community banking industry. 2) Leadership Matters. 8) Management Lessons at JPM.

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COVID Lessons Community Financial Institutions Must Apply in 2021

The Financial Brand

How banks and credit unions responded to the pandemic can help them solve thorny technology, data, leadership and culture challenges. The post COVID Lessons Community Financial Institutions Must Apply in 2021 appeared first on The Financial Brand.