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The Recency Trap and Building Deposit Balances

South State Correspondent

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. ” This article explores the recency trap and discusses how to prevent it.

Marketing 195
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Use Our ERC Assist Program to Raise Deposits

South State Correspondent

The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. This article breaks down how you can use the ERC Assist product to generate deposits in an innovative way. In 2020, the U.S. million in value over a three-year average life.

Taxes 195
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3 Ways Credit Union Are Driving Growth

Abrigo

According to the Credit Union National Association (CUNA) , credit unions had a record year in 2015, with 3.7 A recent article in the Milwaukee Wisconsin Journal Sentinel notes, “More community bank takeovers by large credit unions are likely.” Joseph, a Michigan-based credit union, acquired Indiana-based Griffith Savings Bank.

Michigan 150
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Managing Stagflation Credit Risk in Banking – Part III

South State Correspondent

In this article, we analyze why 75% LTV may not protect banks from credit risk on commercial loans and why there is only one source of loan repayment. . We concluded that obligors showing less than 1.50X DSCR would be most at risk, but the average community bank underwrites to 1.20X DSCR. Background. in December 2021).

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How To Sell Prepayment Provisions In Commercial Loans

South State Correspondent

In this article, we focus on prepayment provisions and look at how a past gold medal winner does it. Many community banks will market their fixed rate loans based on the simplicity of the prepayment provision, and this starts by understanding the value that each provision creates. Prepayment Provisions Not Penalties.

How To 195
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Supplier Payment Rallying Cries Grow Louder

PYMNTS

In Malaysia, a reader submission for The Malaysian Insight says the nation’s rallying cry, “Kita jaga kita,” should apply to the business community supporting its small business members though consistent supplier payments. In the U.S., who worked at companies of varying sizes … We learned that in the U.S.

Payments 161
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Remembering 9/11 – A Pivotal Day for BSA/AML Professionals

Abrigo

Would you like other articles like this in your inbox? BSA was intended to detect illicit activity through cash and monetary instruments to catch tax evaders using secret foreign bank accounts. See Part I: Implications for Community Financial Institutions. October 26 is now nationally recognized as BSA/AML Day.)

Training 195