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Community banks are thriving in Texas

Independent Banker

Ken Finley, president of Johnson City Bank, in downtown Johnson City with Shannon Sultemeier, executive vice president (left); and Brenda Haynes, vice president/cashier (right). Here’s how four community banks are thriving in this environment. The state is growing an impressive technology roster, for example.

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Small Business Lending Is Crucial in Fighting the Deposit Wars

Gonzobanker

Community banks need to analyze the demographics and varied business segments to identify the growth potential of each market. Another key player for successful small business banks is the vice president of business lending, who manages the relationship managers and reports to the chief lending officer.

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How Does ChatGPT Describe the Economy and Banking?

Jeff For Banks

But I wanted to give it a try with relevant banking questions. Me to ChatGPT: Describe the current economic situation in the United States. ChatGPT : The current economic situation in the United States is characterized by growth and recovery following the impacts of the COVID-19 pandemic. Here are the results.

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Is Small Business Lending Facing a ‘Moment of Reckoning?’

Gonzobanker

article , former Small Business Administration administrator Karen Mills said community banks with strong small business customer bases that don’t find new ways to serve them digitally are going to face a “reckoning.” Institutions are “spreading” financial statements for electronically provided tax returns or financial statements.

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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

The early 1980s was a difficult time for the United States, as consumers faced rising prices, high unemployment, and the effects of a supply shock—an oil embargo—which caused energy prices to skyrocket. To you, manage your interest rate risk. Most of the more than 500 financial institutions that failed were community banks.

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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

I along with countless other managers and investors were finally happy. Every major economy, including the United States, European Union, China, Japan, Australia and New Zealand, and Great Britain (with Brexit issues), is dealing with weaker growth. The impact of the tax cuts has faded.

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Reverse Trend

Independent Banker

Community banks, which will continue to face a growing number of senior customers with everyday cash needs and built-up home equity, should explore this niche lending opportunity, two community bankers providing these specialty loans suggest. The bank closes 35 to 45 reverse mortgages each month. By Howard Schneider.

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