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Jeff For Banks - Untitled Article

Jeff For Banks

The table is from my firm's profitability peer database, where we measure product profitability for dozens of community financial institutions. From March through August, banks submitted closure requests to regulators for 893 branches. The change from 2.25%-2.5% The above are peer averages. So there was an 8% drop.

Trends 78
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The Future for Banks Lies in Fewer Fees

American Banker

Under pressure from regulators and consumer advocates, brick-and-mortar banks are now offering overdraft-free accounts. But online-only and community banks still have them beat as the type and number of fees associated with big-bank checking have multiplied.

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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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'We're Not Wells Fargo' Won't Cut It with Regulators

American Banker

Even if the cross-selling scandal is unique to Wells Fargo, banks nationwide will need to prepare for added regulatory scrutiny. Here's how.

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Wells Scandal Ups Ante on Compliance Officer Accountability

American Banker

At a time when individual accountability at corporations is mounting, here is how compliance officers can detect and prevent fraud occurrences within their own firms.