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Community Banks Debut FinTech Alliance

PYMNTS

Alloy’s Julieann Thurlow, CEO of Reading Cooperative Bank, said, “Community banks play a special role in the lives of our customers, but we don’t have the same IT and innovation budgets as the big banks to capitalize on that relationship.” This time around, Sweetbridge is using blockchain in a lending context.

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These Are Your Most Profitable Cash Management Clients

South State Correspondent

For starters, a customer may carry large balances but not generate franchise value if those balances are all in high-paying money market accounts or are highly volatile. The value driver in cash management is that it is usually some sort of operating account at the bank. We ranked the Top 20 Deposit-Rich Industries ( HERE ).

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Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

With mortgage rates down in the US , many homebuyers are looking locally to their community banks to finance their new, potentially life-changing purchase. In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending.

Cleveland 150
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Community Bank History: Peoples National Bank, Hallstead, Pennsylvania

Jeff For Banks

Community banks tout themselves as better than national and regional banks because of how close they are to their communities. Prior to the bank’s founding, townspeople and businesses turned to the north, Binghamton, for their banking needs. After six months in business, the bank posted profits of $750*.

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Banking's Top 5 in Total Return to Shareholders: 2019 Edition

Jeff For Banks

My method was to search for the best banks based on total return to shareholders over the past five years. I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments.

Indiana 78
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Gearing Up New Operations

Independent Banker

A Pennsylvania community bank’s perspective on the rewards and potential perils of developing a separate business line. Forming new business lines—if carefully planned and considered—can be a potentially significant way for a community bank to boost revenues and profits. By Katie Kuehner-Hebert.

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You call yourself a brand manager?

Jeff For Banks

The Pennsylvania Turnpike’s Valley Forge rest stop is a common waypoint for me on my travels. So why can’t we achieve premium pricing in community banking? A response I often receive is that money is a commodity, and one bank’s greenbacks are the same as another’s. Not to lay all of this at the feet of marketing.