Perficient

JULY 10, 2020

Achieving these commitments will require clinical, marketing, and operations teams partnering more closely together and in a way they never have before. COVID exposed the fragility of many systems’ operating models: an over-reliance on a small number of services to fund expenses across the enterprise. The $200B question.

US 522

US Marketing Automation Marketing System 522

Abrigo

AUGUST 9, 2019

Modernization of the Community Reinvestment Act. Banks and credit unions must learn about these upcoming changes, adjust for them, and meanwhile continue to operate their existing institutions and meet customers’ needs while following all of the regulations that come with being a financial institution.

Management 150

Management Conference Lending Training 150

Gonzobanker

FEBRUARY 8, 2022

Maybe instead of Acquire or Be Acquired, this conference should be called Evolve or Be Acquired,” observed Eric Sprink, CEO of Coastal Community Bank in Everett, Wash., While the term “accretive to book value” is still the best bet for buzzword bingo at AOBA, the real talk centered around digital transformation and fintech disruption.

Fintech 166

Fintech Customer Experience Conference Technology 166

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. We are in awe. Seriously in awe.

Fintech 194

Fintech Community Regional Technology 194

Jeff For Banks

JULY 5, 2022

And a branch, on average, cost about 1% of deposits in direct operating expenses. And oh by the way, it cost another 1% to support the operating expenses of support functions back at headquarters. Build a positive culture with operating discipline. And what greater meaning can they get than at a community financial institution?

Millennials 78

Millennials Community Pennsylvania Community Bank 78

PYMNTS

FEBRUARY 7, 2019

tax reform led to much chatter and some confusion about exactly how changes would impact the nation’s small businesses (SMBs). Department of Treasury finalized rules that apply to SMBs on qualifying for a 20 percent tax deduction, with the National Federation of Independent Business (NFIB) applauding the initiative. Too Early To Tell.

Taxes 122

Taxes Lending National New York 122

PYMNTS

FEBRUARY 28, 2019

While hosts in rural communities are legally allowed to accept both Korean citizens and foreigners as guests, hosts in urban areas can only accept those from outside the country. Further east, Airbnb is taking off in South Korea, with a reported 2.9 million tourists using the platform in 2018, a 56 percent increase over the prior year.

Payments 183

Payments User Experience Training Case Study 183

Gonzobanker

DECEMBER 19, 2022

Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey. There’s nothing more Gonzo than a CEO who simply bleeds the soul of front-line relationship managers, and Brager could write a bestselling book on this topic. merges with Lakeland Bancorp.

Community 216

Community Fintech Industry Innovation 216

South State Correspondent

MAY 31, 2023

The operative question is: given online and mobile banking, what is the new role of the branch? At an average of $1 million per year to operate, the branch is the most expensive per unit channel in banking, given that a good branch serves 2,000 to 3,000 customers. Branching is expensive – banks need to use the asset wisely.

Data 195

Data Branch Strategies Strategy Mobile 195

PYMNTS

MARCH 30, 2020

Two-thirds (66 percent) of SMBs expected to see their revenues grow beyond — even well beyond — what they had booked in 2019. Today, nearly all SMBs (those that remain in operation, that is) have been forced to divert that sense of optimism into a battle for their survival.

Maine 232

Maine Data Capital Study 232

South State Correspondent

JUNE 13, 2023

On our loan hedging desk, we work with hundreds of banks ranging in size from just over $100mm in assets to some national banks with over $1T in assets. This allows management to better manage credit, interest rate, and operational risk in business units. The hedging mathematics makes the risk/return clearly visible and actionable.

Marketing 195

Marketing Examples Capital Management 195

Independent Banker

JANUARY 26, 2016

More community bank loan officers are using laptops and tablets to allow customers in the field to complete loan applications and obtain faster approvals. billion-asset community bank’s president of small-business banking. billion-asset community bank’s president of small-business banking. By Katie Kuehner-Hebert.

Community Bank 70

Community Bank Community Ohio System 70

Gonzobanker

DECEMBER 22, 2020

And how did community banks and credit unions respond to the COVID craziness? Our clients showed banking at its best – obsessed with customer well-being, good corporate citizenship, and strong community focus. Jill is continually demonstrating just how loud a $300 million community bank can roar! Bravo Brett and team!

Idaho 172

Idaho Community Industry Strategy 172

Jeff For Banks

DECEMBER 18, 2014

Open Bank (OTCQB: OPBK) Open Bank commenced operations in 2005 as First Standard Bank in the Koreatown section of Los Angeles. They are built as a relationship bank serving the Korean community in LA and surrounding areas. So, as a branchless bank, BofI has leveraged its significantly lower operating expenses into profit.

North Dakota 90

North Dakota Arizona Minnesota Los Angeles 90

PYMNTS

JULY 20, 2016

But innovation watchers have been watching Rio and Brazil in general for some time as the nation increasingly becomes an incubator nation for FinTech development and talent. Accor is the biggest hotel operator in Europe, with the deal now helping to loosen up funds to boost and spruce up its existing holdings.

New Jersey 100

New Jersey National Trends Community Bank 100

Jeff For Banks

DECEMBER 7, 2019

billion in assets community bank with 22 branches that encircle the Seattle Sound. That's only 9x earnings, and 147% of tangible book. Shareholders have rewarded the effort with a 22x earnings and a 245% of tangible book valuation, compared to a 13x earnings valuation for the SNL U.S. (NASDAQ: FSBW) FS Bancorp, Inc.

Indiana 78

Indiana Oregon South Dakota Community Bank 78

PYMNTS

SEPTEMBER 27, 2016

One where grocery stores, restaurants and eCommerce can deliver anything and everything to your home almost instantly by drone, payments are automatic, doctors do house calls, people communicate by FaceTime and most of the labor force works remotely. These robots are the creation of Symbotic LLC, which is owned by billionaire Rick Cohen.

Mobile 100

Mobile Payments Los Angeles California 100

Jeff For Banks

MARCH 3, 2018

Six years ago I asked in a blog post Will Plain Vanilla Kill Community Banking ? They can be a strategic shift of your franchise, a new product line, or a new operating environment. When they started in 1995, they sold books. Online book stores. Did I get caught up in the change-or-die crowd? Was I, gulp, a futurist?

Apple 65

Apple Millennials Massachusetts FDIC 65

Jeff For Banks

DECEMBER 12, 2016

Independent Bank Corporation (Nasdaq: IBCP) Independent Bank dates back to 1864 as the First National Bank of Iona. billion of assets and operates eleven branches in the metropolitan Milwaukee market, a loan production office (LPO) in Minneapolis, Minnesota, and 45 mortgage banking offices in 21 states. It's size today, at $2.5

North Dakota 60

North Dakota Minnesota West Virginia Arizona 60

South State Correspondent

JULY 25, 2022

Providing a narrative around your “fortress balance sheet,” ever-more-efficient operations, and defensive vision is now critical. Are you booking fewer fixed-rate loans? Expense Control: How are higher inflation and the cost of inputs impacting operating income? General Performance. How many loans are on floors?

Trends 195

Trends Lending Marketing Capital 195

PYMNTS

MARCH 4, 2019

Council member and bill sponsor Ritchie Torres has said the ban is a way to make sure lower income communities, and those of color, are not shut out of marketplaces. And those stakeholders include ATM operators. The debate will likely get increased scrutiny and input from stakeholders. … and the Case Against Cashless.

Retail 129

Retail New York City New York New Jersey 129

Jeff For Banks

DECEMBER 29, 2021

The bank was founded in 2006 and operates 19 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. SVB operates through 30 offices in the USA, Canada, UK, Israel, Germany, Denmark, India, Hong Kong, and China. (Nasdaq: MCBS) MetroCity Bankshares, Inc.,

Capital 78

Capital Texas Metro North Carolina 78

FICO

FEBRUARY 21, 2023

Another full year is in the books As 2022 came to a close, the economic environment in the United States is teetering on the edge of a recession. Expectations from Visa are that the GDP will turn negative once again in Q1 and Q2 of 2023 leading The National Bureau of Economic Research to declare a recession.

Trends 52

Trends Industry US Cards 52

CB Insights

AUGUST 20, 2017

Endless Mobile is a computer and operating system tailor-made for the developing world where a reliable Internet connection can be hard to obtain. Better World Books. Better World Books collects and sells books online to fund book donation and literacy projects around the world. Total Disclosed Funding: $22.5M.

Company 60

Company Community Capital Mobile 60

Gonzobanker

DECEMBER 20, 2019

Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank. It was always clear how much Jones loves his credit union, his team and his community. Credit Union Lifetime Achievement Awards.

Idaho 148

Idaho Conference Data Marketing 148

Tech and Finance

FEBRUARY 27, 2019

In response to the Fed’s request for comments, the Congressional Black Caucus wrote that “Delay is costing Americans billions of dollars they do not have and contributing to the growing income inequality that the Fed rightfully agrees is harming our nation. How community banks don’t trust TCH and want the Fed to provide RTGS.

System 38

System Payments Kansas City Community Bank 38

PYMNTS

JUNE 17, 2016

As we show in “ Matchmakers ,” successful platforms have to work hard at eliminating bad behavior in their communities; bitcoin seemed to revel in it. There’s even a new book , the Blockchain — you guessed it — Revolution with the subtitle “How the Technology Behind Bitcoin Is Changing Money, Business and the World.”

Bitcoin 100

Bitcoin Lending blockchain Fintech 100

Gonzobanker

DECEMBER 19, 2017

Rainbolt has quietly built a community bank in the past 20 years that is closing in on $2 billion of market cap. For 35 years, Wilmers led M&T with creativity, integrity and the “old-school” wisdom of a community banker who created a $26 billion market cap company. THE BANKING AWARDS. GonzoBanker of the Year – Large Banks.

Conference 91

Conference Industry Community Bank Community 91

Jeff For Banks

APRIL 23, 2017

In our SBA business, we added a team with a national market focus and completed major improvements to our operating processes that will significantly improve productivity and efficiency. For you, our Shareholders, both cash dividends and book value per share increased again in 2016.

US 65

US Regional Marketing Branding 65

PYMNTS

JUNE 6, 2016

Walmart has been trialing this in a couple of markets with Deliv, and is now ready to expand its efforts on a national basis with partners that have a density of drivers to serve its hundred million consumers. Walmart also operates a company-owned fleet of ~70k tractor/trailers and 7,800 drivers who deliver daily to those locations.

Retail 100

Retail Online Training Innovation 100

Lex Sokolin

DECEMBER 25, 2019

Notably, the exchanges do differ by where they store data and if/how they form order books. If you withdraw your Ether, you get charged an interest rate determined by an open governance community. Nearly every nation on the face of the Earth is trying to understand what it means to launch a Central Bank Digital Currency (CBDC).

blockchain 52

blockchain Bitcoin Software Lending 52

CB Insights

APRIL 24, 2018

Retailers are leveraging technology, such as artificial intelligence and augmented reality, to enhance operational visibility and personalize their customer service, a new necessity in fast-changing and demanding consumer market. “We’re in a test-and-learn phase as we consider what other investment routes we should explore.

Retail 59

Retail Trends Technology Branding 59

CB Insights

JUNE 14, 2018

These companies are advancing a variety of construction methods to build ambitious development projects that reimagine everything from the wood used in homes to the ways we think about private vs. communal space. Housing supply is dire nationally, with the US reportedly staring down a housing shortage of 7.3M Table of contents.

Seattle 56

Seattle Capital Industry New York 56

PYMNTS

MARCH 14, 2016

Evans, with his long-time colleague Dick Schmalensee, spent last year putting a lot of what we know in a new Harvard Business Review Press book, “ Matchmakers: The New Economics of Multisided Platforms ,” that’s going to be rolling off the presses in a few weeks. Why New Mobile and IoT Operating Systems Will Mainly Fizzle.

Bitcoin 100

Bitcoin blockchain Video Apple 100

PYMNTS

JUNE 20, 2016

While not without its operational and logistical pain points, retailers find any pain well worth the gain since a large fraction of consumers buy more things when they get to the store to pick up the goods they ordered online. Since January, we’ve seen Walmart Pay expand nationally. First, the glimmers.

Report 119

Report Payments Mobile Retail 119

CB Insights

OCTOBER 31, 2017

We are confident that to truly have the long-term impact we want to make, we need to focus on finding an acquirer with an existing national fresh food supply chain who can carry forward the Juicero mission. Imzy was created by former Reddit employees Dan McComas and Jessica Moreno as a safer, friendlier version of the popular community site.

Company 78

Company US San Francisco Capital 78

CB Insights

SEPTEMBER 4, 2019

Over 1M millennial women are becoming mothers every year, meaning Gen Y now makes up the majority of annual births in the United States, according to the National Center for Health Statistics. Online platforms like Hipcamp and Campsy have emerged to help campers book unique lodging experiences like yurts, treehouses, and caves.

Millennials 78

Millennials Industry Branding social media 78