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How Can Banks Thrive in the Next Five Years?

Jeff For Banks

I know, my first job in banking in 1985 at Northeastern Bank of Pennsylvania was making microfiche. Banks were permitted to branch wherever they wanted. The money market mutual fund became a formidable competitor to the bank account. In Pennsylvania, Rocket has number 1 market share.

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How About Profits in the Branch of the Future?

Jeff For Banks

This highlights an important banking concept: revenues are mostly driven off of balances, not activity. Malls are experiencing difficulty in the United States, as millennials opt for smaller, urban environments to shop. Since 2006, community banks have recognized the need for greater balances in branches to improve profitability.

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The 2018 GonzoBanker Awards

Gonzobanker

Although all banks faced stock headwinds in 2018, we give the nod to William Demchak at PNC Financial Services. PNC made a Gonzo move with a national digital expansion in 2018 with the unique idea of building a small number of branches in target metro markets like Kansas City and Dallas. GonzoBanker of the Year – Mid-Size Banks.

Fintech 105
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THE 16TH ANNUAL GONZOBANKER AWARDS

Gonzobanker

Or the need to take market share in a slowest growth region? Acquisition of the Year – Guaranty Bank and Trust Company in Colorado for its acquisition of Home State Bank. A wonderful franchise and team picked up by Guaranty in-market at a decent price. Best Free Market Research a Retail Banker Will Ever Get.

Utah 60
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THE 16TH ANNUAL GONZOBANKER AWARDS

Gonzobanker

Or the need to take market share in a slowest growth region? Acquisition of the Year – Guaranty Bank and Trust Company in Colorado for its acquisition of Home State Bank. A wonderful franchise and team picked up by Guaranty in-market at a decent price. Best Free Market Research a Retail Banker Will Ever Get.

Utah 60