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Women in Banking: 'Boom-Boom Room' Milestone; Contrarian Branch Strategy

American Banker

A community bank CEO takes a contrarian approach to underperforming branches, staffing up instead of closing them down, and Bank of the West embeds star employees at nonprofits as leadership training.

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10 Data-Driven Ideas To Increase Branch Engagement

South State Correspondent

The advent of generative artificial intelligence is about to shift branch strategy again to re-raise the question – how can we get the most out of our branches? 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.

Data 195
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Berkshire Hills in Mass. to Open Regional Headquarters in Albany

American Banker

plans to accelerate its growth in upstate New York by opening regional headquarters in Albany. Berkshire Hills Bancorp in Pittsfield, Mass.,

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Efficiency now: 8 smart strategy tips

Independent Banker

Fallout from recent global events presents an obstacle to generating revenue for community banks. As we enter budgeting season, the answers might be found in a mix of strategies. It’s certainly an interesting time to be a community bank, but there are still plenty of ways to make efficiencies with an eye on profitability. ?

Strategy 135
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Are Video Teller Machines the ‘Branch of the Future?’

Gonzobanker

In reality, the ability to realize staff savings depends on the institution’s current staffing levels, level of integration, and strategy for customer introduction to ITMs. Instead, it originates from a couple of fundamental changes in sales strategy: 1. rural or expensive urban markets). Incremental Sales. Customer Transition.

Video 60
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Are Video Teller Machines the ‘Branch of the Future?’

Gonzobanker

In reality, the ability to realize staff savings depends on the institution’s current staffing levels, level of integration, and strategy for customer introduction to ITMs. Instead, it originates from a couple of fundamental changes in sales strategy: 1. rural or expensive urban markets). Incremental Sales. Customer Transition.

Video 60
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How Much Is JPM's Deposit Juggernaut Hurting Smaller Banks?

American Banker

It could be a sign that megabanks are indeed stealing market share from regional and community banks. JPMorgan posted strong gains in consumer deposits and mobile users, and other big banks are expected to do the same.