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Citizens National among 7 community banks shifting to Jack Henry platform

BankInovation

The $613 million Citizens National Bank, a community bank in Somerset, Ky., was among seven banks to implement Jack Henry’s Banno digital banking platform in June, according to an FI Navigator report provided to Bank Automation News.

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The Death of the Community Bank

Jeff For Banks

In June of 2008 I gave a speech titled "The Death of the Community Bank" and in that speech I made predictions. Prediction: The General Bank will become extinct. Much like competitors nip at community banks' customers. Eighteen percent of that group opened an account at a digital bank. Result: Mixed.

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Digital Services Mean Every Bank Is a National Bank

Bank Innovation

Pittsburgh-based PNC Financial Services Group is making a significant digital push this quarter, and highlighted a number of areas this is benefiting the bank’s consumer business. But the most significant revelation from the company’s earnings call yesterday may be that digital banking allows any bank to become national.

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Increasing Digital Banking Options Put Pressure On Big Lenders To Adapt

PYMNTS

Of course, the pandemic has forced banks – like all businesses – to rethink their priorities and make adjustments to how they interface with customers.

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Building a Discipline to Drive Digital Banking Strategy

Gonzobanker

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.

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Ephrata National Bank partners with Apiture

The Paypers

Digital banking solutions provider Apiture has announced that US-based community bank Ephrata National Bank (ENB) , has selected its platform to power its online and mobile banking solutions, according to IBS Intelligence.

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Taking a Community Bank National Demands a Niche and a Strategy

The Financial Brand

Building innovation on a basic bank chassis to produce fresh growth and expansion means venturing beyond your institution's comfort zone. The post Taking a Community Bank National Demands a Niche and a Strategy appeared first on The Financial Brand.