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7 ways community banks can boost profitability

Independent Banker

A profitability strategy has a lot to factor in given today’s uncertain market. Here’s what community bankers need to know when planning their budgets for the next year. of digital banking customers said they switched to digital banking because of the pandemic. Source: 2021 Provident Bank survey. Quick stat.

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5 ways to shake up your lending strategy

Independent Banker

A new approach to loan protocols is just one way for community banks to grow in new and different directions. Assessing best practices, rates, marketing efforts and more can position loan producers for future success in unpredictable market conditions. David, Community Bank Consulting Services, Inc.

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How to collect positive customer reviews

Independent Banker

Your digital footprint outside of your own properties is increasingly how decisions are made,” says Rob Birgfeld, executive vice president and chief marketing officer for ICBA. Community banks need to pay attention to what’s being said about them in those spaces. Northpointe Bank, based in Grand Rapids, Mich., But the $3.9

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Teflon Tim: You Can't Mess With Wells Fargo

Jeff For Banks

As part of my comments, I presented the following table of New Jersey Deposit Market Share. I also included the USA deposit market share. Wells maintained its market share from June 2017 to June 2018 in both New Jersey and nationwide. Superior technology? Nationwide network? The stagecoach?

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A Time of Reckoning for Your Bank's Core Deposits?

Jeff For Banks

So worries New Jersey Banker's Association CEO John McWeeney since state-owned bank advocate Phil Murphy was elected governor. The state's municipal deposits approximate $20 billion , $13 billion of which are in community banks. I got news for you John. When they bought Strong Asset Management.

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Will "Plain Vanilla" Kill Community Banking?

Jeff For Banks

I was at a strategic planning retreat a few weeks back where a colleague lauded the concept of bankers getting back to plain vanilla community banking. Where could they make a difference, be a first mover, corner a market? A similar argument could be made for the former Commerce Bank of Cherry Hill, New Jersey.

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The 2022 GonzoBanker Awards

Gonzobanker

TD has been a player that maintained its acquired market share so we are hoping this one doesn’t get messed up like other Canadian banks that have struggled in the Southwest. Acquisition of the Year: Bank Acquiring a Fintech. Let’s see how this new scale allows for big investments in future innovation.

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