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Growing a new branch

Independent Banker

They know how to treat our customers well, and when you treat customers the right way and do the right things, they’re going to talk about it. In the first round of PPP lending, it granted 220 loans totaling $17 million, and in the second round, 170 loans totaling nearly $13 million. “As Back to branch strategy.

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Will COVID-19’s Impact on Banking Be Worse Than the Great Recession?

The Financial Brand

How to prepare now. Early financial support averted a depression, but conditions will deteriorate, impacting bank and credit union profits. The post Will COVID-19’s Impact on Banking Be Worse Than the Great Recession? appeared first on The Financial Brand.

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What the ‘New Normal’ Might Look Like in Banking (Brace Yourself)

The Financial Brand

Recommendations for how to meet the challenge. COVID-19 analysis points to rough times ahead for the industry, but also opportunities. The post What the ‘New Normal’ Might Look Like in Banking (Brace Yourself) appeared first on The Financial Brand.

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

How Banks Can Leverage: While not exactly a banking innovation, banks can better allocate capital to COIs. Banks know how to target COIs well, but banks underestimate their COIs’ influence and often under-resource the effort.

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Efficiency now: 8 smart strategy tips

Independent Banker

Consider your branch strategy. Assessing the value of bank branches is an exercise that began long before the pandemic, but vaccine and mask mandates added new considerations to the debate. You don’t go to school to learn how to become head of deposit operations. Invest in tomorrow’s talent. Connors, Jr.,

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Banker Quotes: As Told to Me v7

Jeff For Banks

Without Uncle Sam''s interference, I think a five-year, 30-year amortizing loan would be the norm, and everyone would understand it, and the cost to lend and therefore the cost to the borrower would be much lower. One reason often cited by customers for using branches is to solve problems.