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Efficiency now: 8 smart strategy tips

Independent Banker

Before 2022, says Thomas Grottke, managing director at Crowe LLP, “a lot of factors were going right. I counsel my community banks to be careful about extreme growth in rising rate environments,” says Jim Adkins, managing partner at Artisan Advisors in Barrington, Ill. Consider your branch strategy. Strengthen controls.

Strategy 135
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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

One of the best tips we ever received was to target retiring executive managers from companies and trade organizations and offer them part-time work to advise and introduce the bank to their network. Pair the newly hired COI with an organized banker and the new accounts will follow.

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Growing a new branch

Independent Banker

Back to branch strategy. In place of a traditional lobby and teller windows, Providence Bank’s new branch location, pictured, occupies office space in downtown Raleigh, where loan and deposit activity has been strong. Fortunately, one vital employee, Jeff Tobias, commercial banking manager, was already in place.

Raleigh 91
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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.

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Taking A Pass On Passwords

PYMNTS

This week, passwords managed to find a whole new way to “fizzle,” past being simply friction-filled, hard to remember and often repeated across logins by consumers not interested in trying to remember more than one. The greater degree to which one is able to hew to this norm, the safer one’s data will be. Well, about that….

ATM 118