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Predicting Community Bank Cost of Funds

South State Correspondent

Community bank cost of funds is jumping up. As shown in the graph below, the net interest margin (NIM) for community banks declined 22bps in Q1’23. The question is – what will happen to community bank’s cost of funds from here? The graph below shows community bank cost of funds compared to those banks over $25B.

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How community banks can address cybercrime

Independent Banker

Community banks have a choice about addressing the problem: Remain vulnerable or be vigilant. Fraud and cybercrimes continue to increase, causing challenges for community banks. But there’s plenty community banks can do to meet this challenge. Fraud and cyber attacks are on the rise, and at great expense to the industry.

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How QT will Impact Cost of Funding in 2024

South State Correspondent

The graph below shows the Fed’s balance sheet and projections for the middle of 2025. Community banks’ COF increased 18bps in Q3/23 sequentially, while the Fed has been on pause since July. Community banks can do much to design and execute deposit and asset pricing strategies properly.

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JPMorgan plans to hire 300 Black, Latinx wealth advisers by 2025

American Banker

JPMorgan Chase said it plans to hire 300 additional Black and Latinx wealth advisers by 2025 to serve more clients from those communities and allow employees from diverse backgrounds to advance in their careers. ]].

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The CFPB section 1071 effective date

Abrigo

1, 2024, and report for the first time by June 1, 2025. This means that in addition to banks and credit unions, other lenders subject to the rule’s mandates are finance companies, online lenders, Community Development Financial Institutions (CDFIs), government lenders, and nonprofit lenders. Talk to a specialist to learn more.

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Retail banking trends to look out for in 2023

Independent Banker

ITMs and VTMs are popular retail banking innovations among community banks. We spoke with two community banks that have ramped up their services to meet—and exceed—the changing expectations of customers. Community banks are constantly looking to the future and identifying what customers want. Jeff Versluys, One Community Bank.

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How Spend Tools Feed Food Banks’ Need For Accountability

PYMNTS

Recent data indicated that 82 percent of SMBs shutter in their first year because of poor cash management operations. This demand is driving the global expense management software market to reach $6.6 billion in value by 2025. The Playbook’s Deep Dive looks at how spend management solutions are enabling approximately 1.56

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