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Growing a new branch

Independent Banker

But with the new location on hold, growing the market in Raleigh would have to wait. We felt like Wake County was still going to be a vibrant market for us, and it just made sense to move forward and open the location.”. Back to branch strategy. Survival tactics. Ted Whitehurst, Providence Bank. “We

Raleigh 91
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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

Gentle Monster Background Founded in 2011 by Kim, Gentle Monster initially struggled to break through against large brands like Luxottica which controls an estimated 30% of the US market, and is behind almost every single designer eyeglass brand you can think of, including Ray-Ban, Oakley, Armani, Ralph Lauren, Chanel, Prada and many more.

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Efficiency now: 8 smart strategy tips

Independent Banker

In 2022, things changed with whiplash speed, as the Fed hiked interest rates to quell inflation, the mortgage refinance market dried up and the effects of macro changes, from the Russian invasion of Ukraine to a talent shortage, began to be felt keenly. Jeff Reynolds, managing director at Darling Consulting Group in Newburyport, Mass.,

Strategy 135
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Breaking Branch Mediocrity

Jeff For Banks

Another day, another convoluted organizational structure that includes “small business bankers” that are dispersed into the branch network to shore up branch capabilities. If not small business bankers, it’s “cash management officers”, or “business development officers”. I rarely see a “busy” branch. Don’t case the joint.