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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. Without the windfall of profit accrued to banks in 2022 because of faster-than-expected rate increases, banks will need to be better allocators of capital.

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Collaboration: The New Competitive Weapon

Gonzobanker

As bankers build bonds with peers through collaboration, they open up new opportunities to jointly invest capital in new ventures and strategies. GonzoBanker Bank Chief Risk Officer Roundtable Phoenix Apr 3-5. GonzoBanker Bank CFO Roundtable Phoenix May 15-17. GonzoBanker Credit Union CEO Roundtable Phoenix Apr 17-19.

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Renaud Laplanche’s Second Act

PYMNTS

According to reports, the firm has hired roughly 100 people, split between its headquarters in San Francisco, its engineering centers in Montreal and its Phoenix-based credit operations center that handles customer service, collections and loan servicing.

Lending 122
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The 2019 GonzoBanker Awards

Gonzobanker

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. Yet the Gonzo team has to give a shout out to the late entry of Texas Capital and Independent Bank. The Tech Award – Goes to Capital One. Best of luck in the next chapter, Chris!

Idaho 148
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The 2015 GonzoBanker Awards

Gonzobanker

Credit Union: Gulps may have occurred when $3 billion Desert Schools Federal Credit Union signed with recent new technology entrant Corelation , but this San Diego-based core provider and Phoenix area credit union made it happen. Great work on both sides of this high-stakes conversion effort.

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The 2023 GonzoBanker Awards

Gonzobanker

Anyone who follows the industry knows this focused institution led by Findlay is all about executing the timeless principles of capital management, credit quality, efficiency and customer service. They should have been investing in fintech growth businesses and they had the capital to do it.” Grab some popcorn and watch.

Fintech 195