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7 ways community banks can boost profitability

Independent Banker

of digital banking customers said they switched to digital banking because of the pandemic. Source: 2021 Provident Bank survey. These days, there’s a lot to contend with as a community bank, from changing consumer behaviors due to the pandemic to uncertainty surrounding the economy and inflation. Quick stat.

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The 2022 GonzoBanker Awards

Gonzobanker

In 2021, there were more than 120 fintech IPOs in the U.S., 2022 was the year the fintech industry and venture capital firms figured out that banking is harder than everybody thought. Acquisition of the Year: Bank Acquiring a Fintech. Acquisition of the Year: Fintech Acquiring a Bank.

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First Sound Bank in Seattle says its sale to BM Technologies is canceled

American Banker

(..)

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Podcast: With Rebrand, WaFd Puts Its Bank Identity Front and Center

ABA Community Banking

billion regional institution based in Seattle -- had a problem: many in the general public didn't realize exactly what it did. The post Podcast: With Rebrand, WaFd Puts Its Bank Identity Front and Center appeared first on ABA Banking Journal. Washington Federal -- a $16.4

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GonzoBanker Awards 2017

Gonzobanker

One word can summarize this action-packed banking year, GonzoBankers – tiring. FinTech threats and distractions. THE BANKING AWARDS. Rainbolt has quietly built a community bank in the past 20 years that is closing in on $2 billion of market cap. GonzoBanker of the Year – Large Banks. Payments chaos.

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Giving Customers Credit

Fintech Labs Insights

It tells the tale of a Seattle couple who are renting a cottage behind their primary residence in a completely legal and transparent way. Bottom line: One bank’s loss is often another’s gain. This story had a happy ending as the couple was able to refinance through super community bank Umpqua.

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Feature Friday: Umpqua Showcases the Closest Branch on its Website

Fintech Labs Insights

I’m not a fan of bank branches (except Chase’s NE Seattle outpost, hi Ben). Probably the best example of growing a franchise using branching (at least in the United States over the past 20 years), is Umpqua Bank. But if you do have good branches, you should at least use your digital presence to showcase them.