South State Correspondent

NOVEMBER 29, 2023

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. Many banks fall into the “recency trap.”

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PYMNTS

OCTOBER 6, 2020

This new software expands the user experience and expands digital capabilities of ATMs,” said Frank Hauck, president and general manager of NCR Corporation, in a statement. “In In the future of banking, we see the ATM becoming a dynamic, digital, self-service platform on which banks can deploy new services quickly.”.

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Independent Banker

DECEMBER 31, 2022

While the pace of bank regulatory changes has diminished from a few years ago, several issues will either become effective or likely develop in 2023. Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately. Evolving risks.

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South State Correspondent

MARCH 21, 2023

The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. The ERC filing deadline is October 2024. As such, like PPP, this would be a limited product for any bank.

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Jeff For Banks

NOVEMBER 3, 2023

And looking ahead to the 2024 Presidential Election, they clearly would want to be on the sidelines. Mortgage rates are now close to 8.00%; affordability is at its lowest point since 1989, according to the National Association of Realtors. Dorothy has been with Penn Community Bank and its predecessor since November, 2004.

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South State Correspondent

MAY 9, 2022

In our previous article ( HERE ), we reviewed the banking industry’s cost of funding earning assets (COF), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle. Community banks with larger percentages of DDA balances will fare better.

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Jeff For Banks

MARCH 5, 2022

Investors have seen this movie before and are fearful of recession in 2023 or 2024. The federal stimulus also drove our national debt levels to over $30 trillion, or 123.4% Dorothy has been with Penn Community Bank and its predecessor since November, 2004. Credit spreads have begun to widen. Nominal GDP was +10.6%

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South State Correspondent

OCTOBER 25, 2023

While this number varies widely by banks, on average, we estimate that about 15% of the fixed branch and ATM costs, plus the support staff, should be allocated to check handling based on time-on-task. Households and merchants must receive, verify, manage, transport, secure check stock, and deposit checks.

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Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank.

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