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Paid social media’s place in your marketing strategy

Independent Banker

As social media platforms tinker with their algorithms, marketing experts say one trend is clear: Paid social campaigns are becoming increasingly necessary to cut through the noise and reach customers. They share tips for how community banks can get started. Artwork by Oatawa/Getty Images. By Amy Geist.

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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

The ratio would provide a bank’s current core capital position to risk-adjusted assets. Some form of this ratio will likely be applied to the national and regional banks, which means larger community banks will also be judged by this ratio. 9) Brand Matters: SVB had one of the best brands in banking.

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15 Twitter accounts every bank executive should follow

Abrigo

The ABA has a new report out on how banks are using social media, and much of the report focuses on using Twitter, Facebook, LinkedIn and the like to boost customer service, make connections in the community and recruit staff. 14) @News_CUInsight – CUInsight is an independent source of news on the credit union community.

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10 Big Bank Marketing Lessons from the ABA Bank Marketing Conference

South State Correspondent

Most banks will target around 6% of revenues next year for their marketing budget, and banks with strong brands and marketing programs target above 7%. All involved in any marketing effort should understand if it is about branding, sales funnel acquisition, funnel movement, conversion, or retention.

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Using The French Defense in Deposit Management

South State Correspondent

Here, Bank B stops the advance by countering with a message of service. First, it reinforces its training to its employees with a message that underscores the problem of marketing with rates. Now, Bank B uses its bishops, knights, and rooks for enhanced deposit management.

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Bank’s LinkedIn Project Builds Sales Leads and Influencer Status

The Financial Brand

Trained employees' social media outreach to consumer and business followers helps community bank strut its stuff. The post Bank’s LinkedIn Project Builds Sales Leads and Influencer Status appeared first on The Financial Brand.

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Here Are 15 of the Best Deposit Marketing Campaigns Ranked

South State Correspondent

You will also end up cannibalizing existing balances, training customers to be rate-sensitive, and training employees, and you will be forced to spend more to keep those customers from walking out the door. The approach is a mess, yet it is done every day in banking. You can do this with small wins.

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