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7 ways community banks can boost profitability

Independent Banker

of digital banking customers said they switched to digital banking because of the pandemic. Source: 2021 Provident Bank survey. These days, there’s a lot to contend with as a community bank, from changing consumer behaviors due to the pandemic to uncertainty surrounding the economy and inflation. Quick stat.

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Bankers are open to generative AI but list several reservations

American Banker

Executives at Citizens Financial Group and community banks such as Seattle Bank and Citizens Bank of Edmond say there are potential use cases for large language models. Yet they have concerns that impersonal service and likely errors could erode customers' faith in their financial institutions.

Seattle 50
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BM Technologies acquiring Seattle bank for $23 million

American Banker

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Seattle 81
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First Sound Bank in Seattle says its sale to BM Technologies is canceled

American Banker

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Seattle 36
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Podcast: With Rebrand, WaFd Puts Its Bank Identity Front and Center

ABA Community Banking

billion regional institution based in Seattle -- had a problem: many in the general public didn't realize exactly what it did. The post Podcast: With Rebrand, WaFd Puts Its Bank Identity Front and Center appeared first on ABA Banking Journal. Washington Federal -- a $16.4

Seattle 40
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Lending, Profit Grow at Washington Federal

American Banker

Washington Federal in Seattle said its profit rose 3.4% million in the three months that ended March 31 as loan growth outweighed higher information technology costs.

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Smaller, Tech-Oriented Branches Gain Steam in Booming Markets

American Banker

Banks in cities such as Seattle and New York are getting creative with branching, adding some that are smaller than modest apartments.

Seattle 28