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How To Do Better Against National Bank Lending Competition

South State Correspondent

Who the competition is, what the lending competition is offering, their delivery channels, and service levels can help community banks differentiate their services and enhance their competitive advantage. Analyzing the competition can also help a bank be realistic about which products it can sell and at what price.

National 195
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Best Community Banks to Work For 2022

Independent Banker

Clockwise from top left: Grand Ridge National Bank, Wheaton, Ill.; Community Financial Services Bank, Benton, Ky.; Bank of Montana, Missoula, Mont.; CNB Bank, Berkeley Springs, W.Va.; Midwest Bank, Norfolk, Neb. We don’t operate from a position of fear.”. Grand Ridge National Bank.

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Risk of Derivatives – The Fall of an Index

South State Correspondent

Unfortunately, some banks adopted BSBY as one of their preferred indexes and in doing so created risk in derivatives and operations. With the demise of BSBY, those banks that used the index to hedge their interest rate risk will now be dealing with potential losses. No ISDA documents.

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Increasing Digital Banking Options Put Pressure On Big Lenders To Adapt

PYMNTS

Of course, the pandemic has forced banks – like all businesses – to rethink their priorities and make adjustments to how they interface with customers. unveiled its next generation of operating software for ATMs, designed to integrate the now decades-old cash-dispensing machines into the digital age. On Monday (Oct. 5) NCR Corp.

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FinTechs Press States To Streamline Regulations

PYMNTS

The Conference of State Bank Supervisors (CSBS) said earlier this month that it had put in place a set of action items to standardize the national experience of FinTechs and non-bank entities. Our FinTech industry advisory panel did include a few community banks. This is an area that we are studying.”.

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The Top 20 Deposit-Rich Industries for 2023

South State Correspondent

While banks lose money on many CD-only customers, and CD-only customers have a relatively short average life, a niche customer, such as a church, is almost always profitable because the bank has much higher retention rates and the average niche customer uses an average of four bank products. They are also more plentiful.

Industry 195
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Instant Issuance, Instant Benefits?

PYMNTS

In one recent case study tied to instant issuance, Entrust Datacard stated that Woodforest National Bank, a community bank operating across 17 U.S. The firm has said that, to date, it has instant issuance deployments at more than 30,000 locations globally, with more than 10.6 in the past year.