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The Recency Trap and Building Deposit Balances

South State Correspondent

One of the lessons that was driven home at the recent American Banker Small Business Banking Conference in Nashville was the difference in marketing between large national banks and community banks, particularly deposit marketing. Many banks fall into the “recency trap.”

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Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

In order to be eligible for Technology Fast 500 recognition, companies must have current-year operating revenues of at least $5 million and own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. The company announced on Thursday (Dec.

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10 Lessons From The Small Business Banking Conference

South State Correspondent

Recently, the American Banker hosted their annual Small Business Banking Conference in Nashville, and as always, it was one of the better banking conferences of the year. Increasing lifetime value was a common discussion with every bank. However, banks differed in how to get there.

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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

That said, smart banks will make growth a byproduct and ensure they have all their other processes right. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. This combination means that banks will need to focus on the quality of their earnings. Why is this so important?

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Best practices for stress testing the commercial real estate portfolio

Abrigo

Retail Retail is typically one of the larger segments within the commercial real estate portfolio for the average community bank. Along with multifamily and condominiums, the retail sector is surging in high growth areas such as the Carolinas, Florida, Texas and Nashville.

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The Untapped Power of Brand in Banking

Jeff For Banks

And so were the Uber cars in my recent trips to Los Angeles and Nashville. Something that immediately made me feel better about being in Nashville than LA. Leading to our perception that Nashville is friendlier than LA. Tim had great insights for banks on brand. How do you want your customers to feel about your bank?

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Best banks to work for in the U.S.

Abrigo

The top 10 banks on American Banker’s list are featured below. It is of interest to note that many may be considered smaller, community banks. Live Oak Bank. Take, for example, Live Oak Bank in Wilmington, NC, which has the top spot on the list. 1st National Bank. Pinnacle Financial Partners.

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