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Market your community bank with first-party data

Independent Banker

Community banks own an enviable amount of data, but not all are leveraging it to its fullest extent. By Mindy Charski People share important data about themselves with their community bank in myriad ways. Data about existing customers can even help community banks improve their efforts to find new customers.

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How community banks can leverage payment trends

Independent Banker

billion-asset First State Community Bank in Farmington, Mo. The dos and don’ts of data analysis can make the difference in a bank’s payments strategy (see sidebar below). Applying data Data can support community banks in helping their customers better manage their finances. The results?

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JPMorgan Reports Growth In Card Spend, Mobile Users

PYMNTS

According to reports , the company said that average core loans were up 6 percent year on year, a tally that excludes corporate and investment banking activity. Drilling down a bit, card loans were $147 billion, up 5 percent year on year to $147.9 Loans during the period came to just under $425 billion. billion, a 2 percent gain.

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What are power skills?

Independent Banker

The skills needed to succeed in the workplace are changing, with companies placing greater value on soft skills like communication and leadership. In response, community banks have an opportunity to revisit hiring policies and training programs. Being a community bank, our customers are our neighbors.

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Making Invisible Payments More Than A Buzzword

PYMNTS

As Good told PYMNTS, frictionless payments can be defined as payment experiences that are seamless because they remove pain points such as handling cash, entering PINs or wielding physical cards. I’m referring to frictionless payments as anything that doesn’t involve the actual plastic,” he said. “So

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Regulators Give Wells Fargo’s Top Examiner The Boot

PYMNTS

In September, Wells Fargo reached a $190 million settlement with the Comptroller of the Currency after employees trying to meet aggressive internal sales targets applied for about 565,000 cards, as well as $1.5 Those consumers then racked up annual fees and other charges on cards about which they knew nothing. Maxine Waters, U.S.

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FDIC-Backed Institutions Rake In $40.8B In Q4

PYMNTS

The total ratio of banks that were unprofitable dropped 80 basis points year over year to the most recent 9.1 In reference to community banks, the 5,735 that reported said they had $5.1 That is the lowest tally for a fourth quarter report in the past 20 years. Revenues were up more than 7 percent year over year.

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