Independent Banker

AUGUST 31, 2021

This year’s winners: Left: Central Valley Community Bank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional Community Bank Service Award; Right: Cross River Bank, Emerging Service Program Award. Exceptional Community Bank Service Award. Kennebec Savings Bank.

Community Bank 196

Community Bank Community National Fresno 196

PYMNTS

MARCH 26, 2020

To regain some of that ground, Connie Davis, senior vice president at FIS , told PYMNTS in a recent interview, FIs — particularly credit unions (CUs) and community banks — must transform the way they think about digital offerings and connected experiences. That means they can compete more effectively against digital-only competitors.

Community 247

Community Community Bank Mobile Cards 247

South State Correspondent

FEBRUARY 22, 2024

Banks consistently produce under their cost of capital. For example, at present, return on equity performance is about 12% for the average community bank. However, for the average bank, their cost of capital is between 9% and 14% depending on the bank’s equity liquidity with an average of 12.5%. Why is that?

How To 195

How To Strategy Capital Lending 195

South State Correspondent

DECEMBER 8, 2023

The need to reduce cost, the move to instant payments, and the need to deliver more unique products and services are all driving this effort at credit unions, community banks, and mid-sized banks. A bank can build a brand that will slow margin shrinkage down, but it will not stop it. The same goes for technology.

Conference 195

Conference Retail Community Bank Technology 195

Independent Banker

DECEMBER 31, 2022

Community banks can help prevent, identify and report financial elder abuse. A number of ICBA solutions provide community bankers with the tools they need to assist customers who may be experiencing financial exploitation. “We What actions to take to identify and prevent financial exploitation.

Training 91

Training Community Resources Course 91

Social Assurance

SEPTEMBER 3, 2021

Community bankers play a critical role in creating and strengthening these bonds. Community banks offer more than just banking services. They offer a relationship that can benefit communities in a variety of ways. Here are four ways community banks can connect with their local neighborhood.

Community Bank 15

Community Bank Community Branding US 15

Independent Banker

OCTOBER 1, 2022

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Shielding sensitive customer information from prying eyes remains a chronic industry challenge. Bob Hickok.

Data 91

Data How To Community Bank California 91

South State Correspondent

NOVEMBER 27, 2022

It is no surprise that national banks like Wells Fargo and Bank of America firmly control their deposit market from the center and not from the fringes. There is nothing wrong with having the lowest deposit rates in the market so long as you have given your customers some other non-price reason to bank with you.

Management 195

Management social media Marketing Strategy 195

PYMNTS

DECEMBER 11, 2020

Synctera Brings 'FinTech As A Service' To Community Banks. FinTechs want to offer compliant banking services, while community banks want new ways to grow deposits. In the Buy Now, Pay Later: Millennials And The Shifting Dynamics Of Online Credit report, PYMNTS surveyed a national sample of nearly 15,000 U.S.

Trends 175

Trends Fraud Millennials Community Bank 175

Independent Banker

DECEMBER 31, 2022

First Reliance Bank, a $925 million-asset community bank in Florence, S.C., According to the national nonprofit Dave Thomas Foundation for Adoption, finances are a concern for 54% of adults considering adoption from foster care and 76% for international adoption. has made strides to break down these barriers.

Community 91

Community Community Bank Resources Policies 91

Social Assurance

AUGUST 14, 2020

Did you know that today is National Financial Awareness Day? And on Monday we will celebrate National Nonprofit Day! In fact, every day of the year, there is a celebration of something that your financial brand can post about! Why should you use national days in your social media content? Not all national days are silly.

social media 15

social media Branding How To National 15

William Mills

DECEMBER 19, 2017

BankLabs is a national provider of innovative mobile technology products helping community banks improve efficiency, increase time for relationships with customers and create marketplace options that expand business opportunities. BankLabs was created by community bankers, for community bankers. About BankLabs.

Community Bank 71

Community Bank Community Dallas Atlanta 71

The Financial Brand

NOVEMBER 4, 2018

Here's how a community bank in Kansas City is partnering with fintechs, simplifying its products and processes, and expanding nationally. The post Is This Community Bank’s Bold Digital Play The Model Of The Future? appeared first on The Financial Brand.

Kansas City 32

Kansas City Community Kansas Community Bank 32

NCR

MAY 9, 2017

Most community banks and credit unions have only one app, their banking transaction app. Hawaii National Bank’s Hawaii Score enables existing bank customers and non-customers the capability to access a TransUnion credit report and score without the need for a credit card or an existing account with Hawaii National Bank.

Fintech 75

Fintech Hawaii Community Bank San Francisco 75

Social Assurance

DECEMBER 13, 2021

Through it all, community banking institutions have been there to support their neighbors. We found it fitting to recognize just a few of the many examples of community involvement financial brands dare partaking in to spread cheer this holiday season. Covid-19 impacted every community across the nation and the world.

Branding 15

Branding Community Rhode Island Iowa 15

Independent Banker

FEBRUARY 24, 2016

When Richard Bradshaw became president of specialized lending three years ago at United Community Bank in Blairsville, Ga., the bank’s three-person Small Business Administration department was lending about $10 million a year. billion community bank issued $140 million in SBA loan commitments. Marketing tools.

Community Bank 70

Community Bank Lending Community Georgia 70

Independent Banker

SEPTEMBER 1, 2016

Independent Banker ® magazine recognizes three community banks who have conducted creative, engaging and impactful social media campaigns. This year’s panel of judges evaluated social media campaigns submitted from several community banks across the country before selecting those that received final recognition.

social media 96

social media Community Community Bank Michigan 96

Independent Banker

SEPTEMBER 26, 2014

Resurging real-estate markets around the country are prompting more community banks to re-emphasize home lending. Recently, ICBA Mortgage expanded its product menu to help community banks meet more of their customers’ needs—including often their most profitable ones. ICBA Mortgage—Your Mortgage Center.

Community Bank 70

Community Bank Community Denver Compliance 70

Banking 2020

OCTOBER 30, 2014

Financial institutions are always looking for new ways to attract customers and give the best look and feel to their brand. For our most recent FI Highlight, we spoke with Dianne Larsen, senior vice president, director of marketing, Banner Bank. Dianne Larsen, Banner Bank. Want to hear more from Banner Bank?

Community Bank 95

Community Bank Branding Marketing Mobile 95

Gonzobanker

MAY 4, 2020

Here are a few of the recent deals (in no order) that caught my attention: MVB Financial/Paladin: MVB, a mid-size bank with a stated focus on serving fintechs, acquired Paladin, a specialty fraud prevention company with a suite for merchants, credit agencies, fintechs and vendors. Moven Bank announced discontinued U.S.

Fintech 109

Fintech FDIC Capital Community Bank 109

Gonzobanker

OCTOBER 13, 2020

This fast pace has banks and credit unions contemplating how they can compete in this mobile “arms race” and what unique value smaller institutions can bring to the table. . With megabanks spending billions on digital investments each year, regional and community bank executives understand they cannot compete on resources.

Strategy 156

Strategy Digital Banking Digital Strategies Mobile 156

Independent Banker

AUGUST 9, 2016

Community banks should evaluate solutions that align with their service-oriented traditions and bring value to customers throughout their communities. They should also consider the connection to and impact on their brand. A program that celebrates local shopping will encourage customers to spend more at local businesses.

Community 70

Community Millennials Community Bank America 70

Jeff For Banks

JANUARY 11, 2014

So, if those involved in banking don''t have the time or inclination to do it, how about the engineer, retail store manager, or forklift operator? I think, as a nation, we will need lots of help managing our money. Others use very large financial institutions that can only loosely be called banks. Probably not.

Boston 86

Boston DC Community Community Bank 86

Gonzobanker

DECEMBER 22, 2020

Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. And how did community banks and credit unions respond to the COVID craziness? Jill is continually demonstrating just how loud a $300 million community bank can roar!

Idaho 172

Idaho Community Industry Strategy 172

NCR

APRIL 28, 2017

For many banks, CX is taking a backseat to other issues – particularly among smaller financial institutions, with fewer than two out of five banks having a formal plan in place for improving these activities. A more organized strategy can therefore help these banks better understand where they should be focusing their efforts.

Customer Experience 91

Customer Experience Analytics Community User Experience 91

South State Correspondent

MAY 1, 2024

For inspiration in banking innovation, we often look to other industries. Honkook Kim and his Gentle Monster Brand is a perfect example. With financial hardship, competition from dominant players, and a startup budget, Gentle Monster faced many of the same challenges as a community bank.

Innovation 195

Innovation social media Branding Marketing 195

Jeff For Banks

MARCH 3, 2018

That's what I thought about while reading a recent Financial Brand post about Innovation in Banking: Killer Ideas? Six years ago I asked in a blog post Will Plain Vanilla Kill Community Banking ? Leader Bank - A $1.2 The bank now licenses the product to other financial institutions. or Idea Killers?

Apple 66

Apple Millennials Massachusetts FDIC 66

Independent Banker

DECEMBER 28, 2015

Meanwhile, Clark says, partnering with a local celebrity can be an effective marketing strategy for community banks to compete with national or regional banks. You’ve got to do something to set yourself apart from regional banks,” he offers. “It You will see that return come in.”.

Nevada 70

Nevada Regional New York Marketing Strategies 70

South State Correspondent

OCTOBER 28, 2022

Almost every bank and brand we spoke with will increase their investment in these two areas for 2023. This was followed by a focus on banking-as-a-service, embedded finance, open banking, Web 3.0, Any community bank that believes it can keep up and thwart millions of attacks per second is fooling itself.

Conference 195

Conference Technology Las Vegas Trends 195

Gonzobanker

SEPTEMBER 15, 2014

Cheerily waving flags for the new “knight of Apple” were the dukes of Visa, MasterCard, American Express and Discover, and the earls of Chase, Wells Fargo, Bank of America and Capital One. In the world of issuers and card brands, there is now an innovator asking to take “just one thin wafer” of interchange revenue. No one really knows.

Apple 102

Apple Cards Mobile Community Bank 102

Gonzobanker

AUGUST 22, 2014

Mid-size banks are in the proverbial catbird seat – they can offer most of the products and sophistication of the top national banks combined with the service culture, community involvement, and local market knowledge of a smaller community bank. Identify M&A Partners. Have at it!

Strategy 87

Strategy United States Community New York City 87

Banking 2020

NOVEMBER 27, 2015

That’s why digital capabilities have revolutionized every industry from retail and healthcare to banking—if the same services can be had from half a world away, and for a lower cost, why not avail of them? Meanwhile, the large regional or national banks are the biggest losers, saying sayonara to 16% in this customer age group.

Millennials 40

Millennials Survey social media Online 40

Jeff For Banks

DECEMBER 18, 2014

Year to date through September 30th, Open Bank had $4.5 The lion''s share of their growth, profitability, and capital have come since their re-branding to Open Bank in 2010. In June, the bank raised an additional $30 million of common equity, positioning it to continue its strong growth. #2. BofI Holding, Inc.

North Dakota 91

North Dakota Arizona Minnesota Los Angeles 91

Jeff For Banks

MARCH 27, 2015

The Credit Union National Association (CUNA), the credit union equivalent to the American Bankers'' Association (ABA), states that credit unions exist to serve members, returning earnings to members in the form of lower loan rates, higher interest on deposits, and lower fees. Clearly this remains an emotional issue. Yes, you read profits.

Analysis 60

Analysis Strategy Groups Community 60

Independent Banker

SEPTEMBER 30, 2021

In this feature, we’ll look at a number of ways you can continue to build trust—an especially crucial task as the pandemic continues, telecommuting persists and consumer banking practices evolve. But for most community banks, building a trustworthy brand isn’t a conscious effort. billion-asset community bank.

Community 139

Community Community Bank social media Security 139

American Banker

JUNE 27, 2016

Now that it's healthy again, it credits the strong ties it built with those customers, and the involvement of its executives in the communities they serve, with helping restore its status as one of banking's most reputable brands.

Community 53

Community Branding Community Bank Regional 53

Long Lasting Ideas

MARCH 1, 2016

If you don’t believe ebullient bankers translate to a blossoming bottom line, consider this: Live Oak is the nation’s second leading Small Business Administration Lender. Its business has spread nationally and Live Oak folks jet around the country on two company-owned planes to meet face-to-face with clients.

Marketing 40

Marketing Nashville Tampa Community 40