Jeff For Banks

JANUARY 14, 2021

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.

Community Bank 130

Community Bank Community FDIC Strategy 130

Abrigo

JANUARY 25, 2022

Change Management Helps Financial Institutions with Digitalization Bank and credit union executives who manage the people side of digital transformation have more success. . Takeaway 3 Seven steps of change management will jump-start the implementation and improve adoption and digital transformation. Not in all cases.

Management 195

Management Software Survey Fintech 195

South State Correspondent

MARCH 5, 2024

Several measurable factors drive loan (and, by extension, bank) profitability, including loan size, credit quality, term, cross-sell, and upsell. In this article, we will consider how and why loan size is one of the most significant drivers of profitability for community banks and what community banks can do to improve performance.

Community Bank 195

Community Bank Community National Lending 195

South State Correspondent

MARCH 5, 2024

Several measurable factors drive loan (and, by extension, bank) profitability, including loan size, credit quality, term, cross-sell, and upsell. In this article, we will consider how and why loan size is one of the most significant drivers of profitability for community banks and what community banks can do to improve performance.

Community Bank 195

Community Bank Community National Lending 195

PYMNTS

JANUARY 6, 2020

Community banks are pushing for a stronger role with their small business (SMB) customers. However, through an embrace of FinTech collaboration and industry consolidation, community banks appear poised to further dispel assumptions of a lack of digitization. A Consolidating Industry. Strengthening SMB Ties.

Community Bank 123

Community Bank Community Payments Fintech 123

Independent Banker

JANUARY 31, 2023

Quick Stat 14% of banks have a data scientist on staff Source: Bank Director But having the data and knowing how to draw accurate information from it are two different things. billion-asset First State Community Bank in Farmington, Mo. “One billion-asset First State Community Bank in Farmington, Mo.

Community Bank 91

Community Bank Community Trends Payments 91

PYMNTS

OCTOBER 11, 2017

Small business (SMB) lending is big business for community banks , which are a popular destination for small business borrowers, thanks to strong approval rates on loan applications. But new analysis from the Federal Reserve has identified a reversal in community banks’ position in the small business lending market.

Community Bank 108

Community Bank Community Lending Survey 108

Abrigo

JUNE 4, 2024

You might also like this on-demand webinar, "Navigating uncertain times: Strategies for risk management and compliance." watch now Takeaway 1 Banking professionals face challenges posed by interest rate changes. Panelist Melissa Marsal , President and CEO of West Town Bank & Trust, emphasized the importance of vigilance.

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Compliance Community Bank Community Conference 222

ABA Community Banking

OCTOBER 6, 2021

CEO survey reveals banks’ resilience, commitment to employees and communities. The post How Community Banks Survived the COVID Pandemic appeared first on ABA Banking Journal.

Community Bank 69

Community Bank Community Survey Resources 69

Abrigo

FEBRUARY 2, 2015

For most consumers who have a checking account, savings account and maybe a mortgage, the regulations placed on their community bank isn’t given a second thought. Two recent surveys addressing the community banking landscape have pointed to increasing regulations as the primary cause of stress for these institutions.

Community Bank 150

Community Bank Community Regulation Survey 150

Abrigo

OCTOBER 8, 2014

This article is the first in a two-part series on top concerns and growth strategies of community banks. Risk management. These are all phrases that resonate with community bankers. Data from Bank Director’s 2014 Growth Strategy Survey in August confirms that these are bankers’ greatest concerns.

Community Bank 192

Community Bank Community Strategy Risk Management 192

Abrigo

APRIL 23, 2015

A new bill proposed on April 16 aims to increase the exam cycle period for a larger pool of community banks. would make more banks eligible for an 18-month exam cycle as opposed to the norm of a 12-month schedule. If implemented, hundreds of additional banks would be eligible for the longer cycle.

Community Bank 150

Community Bank Community Survey FDIC 150

PYMNTS

MAY 31, 2018

Community banking may get a boost from technology, if recent activity is any indication. In Florida, reported American Banker – in the community banking realm – Seacoast Banking has paired with SmartBiz Loans to shorten the loan approvals process. Joint efforts from community banks are reportedly picking up steam.

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Community Bank Community Fintech Florida 104

Independent Banker

DECEMBER 1, 2021

50% of consumers now interact with their bank through mobile apps or websites weekly – up from 32% two years ago. Additionally, a recent survey by FIS shows that 37% of consumers began a new banking relationship with a major national or global bank that had a well-established online portal in the past 12 months.

Community Bank 91

Community Bank Community Fintech Guidelines 91

PYMNTS

JUNE 25, 2019

Cross River Bank has partnered with a range of FinTech startups since its 2008 launch, including collaborations with Stripe , Coinbase and Affirm , reports said. Seed members will be migrated to Cross River as the community bank expands with new offices in California and Oregon.

Community Bank 116

Community Bank Community Digital Banking FDIC 116

PYMNTS

FEBRUARY 15, 2018

For community banks serving small- to mid-sized businesses (SMBs), training an eye on credit cards can translate into additional revenue streams and tap into an unmet need for those SMBs. As noted in a whitepaper commissioned by ICBA Bancard and Visa, surveying more than 3,400 SMBs, A.T. There’s a lot of runway here.

Community Bank 118

Community Bank Community Cards United States 118

Abrigo

DECEMBER 22, 2023

You might also like this resource, Abrigo's "2022 Loan Review Benchmark Survey Results." download NOW Takeaway 1 The most popular blog posts on the Abrigo site reflect many of the priorities community banks and credit unions had in 2023. They’ve also focused on managing interest rate risk in a rising rate environment.

Lending 222

Lending Risk Management Community Management 222

Banking Exchange

JUNE 14, 2021

Bank of America ranks highest in banking mobile app satisfaction, reports JD Power Retail Banking Feature Lines of Business Technology Mobile Online Tech Management Feature3 Community Banking Consumer Compliance Customers.

Mobile 88

Mobile Regional Survey Community Bank 88

PYMNTS

OCTOBER 19, 2017

A new survey released on Wednesday (Oct. The latest data from Pepperdine University’s Graziadio School of Business and Management, along with Dun & Bradstreet, found that small businesses surveyed expected slower annual revenue growth for the second half of the year. Researchers surveyed 1,176 businesses.

Survey 119

Survey Community Bank Lending Analysis 119

Independent Banker

OCTOBER 1, 2022

Community banks are at a critical juncture when it comes to cybersecurity. Every year, ICBA surveys the industry and its members to identify their top concerns as part of its innovation strategy. With the explosion of digital solutions, community banks must train bank staff and customers on cybersecurity best practices.

Innovation 139

Innovation Community Bank Training Community 139

PYMNTS

OCTOBER 12, 2020

With Chase First Banking, built in collaboration with Greenlight, parents and kids will be able to work on managing allowances, check off chores and look at spending, the release says. The app comes absent of any monthly fees and will hopefully help parents educate children on the importance of money management.

Community Bank 252

Community Bank Survey Management Community 252

Abrigo

FEBRUARY 27, 2020

Abrigo's Business Lending Readiness Survey found many processes stymie those efforts. At most banks and credit unions, for example, staff re-enter the same data point between 1 and 5 times. Abrigo’s 2020 Business Lending Readiness Survey found many bankers are dealing with processes that stymie those efforts. learn more.

Lending 243

Lending Survey Data System 243

ABA Community Banking

OCTOBER 1, 2019

Heated competition for bank funding is an increasingly important focus for community bank leaders, according to an annual survey released today by the Federal Reserve, the FDIC and the Conference of State Bank Supervisors.

Survey 49

Survey Community FDIC Community Bank 49

Jeff For Banks

MAY 9, 2024

I still find this to be a challenge at community banks. So the engineering firm ends up at "Big Bank", and the community bank wonders why. I described the problem to the Lendio guy, and we had a back-and-forth on how community banks can solve it. They want to grow small business deposits.

Conference 110

Conference Community Bank Community Tools 110

Independent Banker

APRIL 30, 2022

As consumers’ changing preferences prompt community banks to deliver new technologies, here are some of the top trends to keep your eye on. Let’s look at a few of these trends, how community banks can determine if they’re right for them and how to get on board. By Mary Yerkes.

Trends 144

Trends Payments Community Bank Community 144

ABA Community Banking

MARCH 6, 2020

The products and services community banks are most likely to launch in the next 12 months. The post ABA Data Bank: Products and Services in the Community Bank Pipeline appeared first on ABA Banking Journal.

Community Bank 66

Community Bank Community Data Survey 66

Abrigo

JULY 15, 2015

The transition from compliance to consulting makes sense: tax season is just that, a “season,” and nearly 60 percent of respondents to a Sageworks survey indicated they saw an increase in total revenue by adding financial services to their accounting practice.

Management 150

Management Resources Capital Taxes 150

Abrigo

FEBRUARY 25, 2022

Is making more business loans a top focus at your bank or credit union this year? Nearly 90 of 100 bankers surveyed during a recent Abrigo webinar said their institutions plan to increase the volume of small business lending or commercial lending this year. Lenders Easing Terms. More business loans, more competition. Siems, Jonathan A.

Lending 195

Lending St. Louis Community Survey 195

Independent Banker

OCTOBER 1, 2022

Cyber and data security have long been areas of emphasis for community banks, but in today’s escalating digital environment, that focus has grown. In fact, our 2022 CEO Outlook Survey ranked data security as a top concern, and as the digital sphere continues to evolve, all signs point to that level of concentration increasing.

Exercises 126

Exercises Community Bank Community Resources 126

Abrigo

AUGUST 3, 2015

According to a recent survey by the American Bankers Association (ABA), more than 46 percent of respondents had to reduce offerings for loan or deposit accounts, or other services, at their bank because of regulatory compliance burdens. A recent Forbes commentary, Dodd-Frank, Community Bank Decline, And The Effect On U.S.

Compliance 150

Compliance Community Bank Community Survey 150

Abrigo

MARCH 3, 2022

In today’s banking world, community banks are focused sharply on shareholders’ expectations for growth in earnings and return on equity. So, how can community banks support earnings and ROE growth in the face of intense regulatory scrutiny and competitive pressures on profitability? Streamline With Software.

Lending 195

Lending Community Marketing Community Bank 195

PYMNTS

MAY 27, 2020

And as many as 22 percent of the population surveyed said those habits would stick. To that end, said Matt Good , senior vice president and general manager of Elan Advisory Services , the shift to contactless payments is well underway — and the stage is being set for mobile wallets to gain a much wider embrace. Getting Prepared.

Mobile 280

Mobile Community Bank Cards Community 280

Independent Banker

JUNE 30, 2022

A new approach to loan protocols is just one way for community banks to grow in new and different directions. Amid changing economic conditions and rising rates, it’s a good time for community banks to re-evaluate their loan strategy with an eye on adaptability. David, Community Bank Consulting Services, Inc.

Lending 103

Lending Strategy Community Bank Community 103

South State Correspondent

AUGUST 22, 2023

If one product is the future of banking, it is treasury management. With a competitive offering, it will be easier to attract the small business and mid-sized companies that a bank needs to fuel its core growth. This likely creates the most significant single profitability lift for any bank.

Management 195

Management Community Bank Survey Community 195

Jeff For Banks

SEPTEMBER 24, 2022

I moderated a strategic discussion at a recent banking conference. In that meeting, the CEO of a community bank said he offsets his branch costs by leasing branches out to unrelated businesses, like a masseuse. The anxiety community bankers feel about consolidating branches is palpable. How can the community bank compete?

Community Bank 78

Community Bank Community Survey Management 78

PYMNTS

SEPTEMBER 17, 2019

“Because we are a bank [as well as a payments processor], we can deposit their credit card proceeds the same day, including weekends, at no additional cost,” explained WePay CEO Bill Clerico in an interview at the time. Community Banks Go Real Time. Treasurers See Faster Payments Benefits.

Payments 109

Payments Community Bank Community Survey 109

Abrigo

NOVEMBER 18, 2016

In a survey of community banks and credit unions at the 2016 Sageworks Risk Management Summit, 42 percent of respondents said Commercial Real Estate, or CRE, lending was their primary focus for loan portfolio growth. Learn more about the Sageworks Credit Risk Management Solution.

Community Bank 150

Community Bank Handbook Lending Risk Management 150