Remove Community Bank Remove Millennials Remove Online Remove Pennsylvania
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How Can Banks Thrive in the Next Five Years?

Jeff For Banks

Indeed, since the banking laws that were spawned from the Great Depression, banking has been stable, reliable, and boring. I know, my first job in banking in 1985 at Northeastern Bank of Pennsylvania was making microfiche. The money market mutual fund became a formidable competitor to the bank account.

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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. And the rest of us are increasingly buying online. mBank’s light branch depicted above is located in a mall.

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FI Highlight: S&T Bank

NCR

April kicked off Financial Literacy Month so we recently talked with Becky Stapleton, senior executive vice president and chief banking officer at S&T Bank, to learn about the various initiatives they host in order to promote financial literacy in their local community. Is there anything else you would like to add?

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The 2018 GonzoBanker Awards

Gonzobanker

Importantly, both grew their banks bigger and bigger while their egos remained as humble as ever. Goes to Greg Smith, retiring CEO of Pennsylvania State Employees Credit Union. Bank Purchase of the Year. CVB Financial acquires Community Bank. The Millennial Over-Transparency Award. Easy as a golf swing.

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THE 16TH ANNUAL GONZOBANKER AWARDS

Gonzobanker

Sale of the Year – Scott Custer, Terry Earley and the gang at Yadkin Bank for their successful sale to FNB Pennsylvania and the creation of a new regional power in the Mid-Atlantic and Southern states. see https://www.bloomberg.com/news/articles/2016-06-01/this-is-how-a-banker-in-brooklyn-makes-money-on-millennials ).

Utah 60
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THE 16TH ANNUAL GONZOBANKER AWARDS

Gonzobanker

Sale of the Year – Scott Custer, Terry Earley and the gang at Yadkin Bank for their successful sale to FNB Pennsylvania and the creation of a new regional power in the Mid-Atlantic and Southern states. The FinTech Partner Best Practice Award – Goes to Cambridge Savings Bank and SigFig for their digital investment platform partnership.

Utah 60