Independent Banker

AUGUST 31, 2022

So how do social payments fit in community banks’ long-term future? In fact, a 2020 NerdWallet survey found that 68% of consumers have maintained a balance in their mobile payment app, and on average, those who use them have allowed up to $287 to accrue before they transfer it to their bank. DJ Seeterlin, Chesapeake Bank.

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Independent Banker

JANUARY 31, 2022

The FedNow Service is launching in early 2023, giving community banks about a year to plan. Here’s how community bankers, payments experts and fintech vendors suggest using the time to prepare. With less than a year until the scheduled launch of the FedNow Service, community banks are still awaiting updates on specifics. “And

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Independent Banker

DECEMBER 31, 2021

Here’s what community banks need to know about these products and how they can take advantage of this model. BNPL: The community bank play. Those drawbacks present opportunities for community banks to emphasize their roles as trusted financial partners. Colleen Morriso n is a writer in Maryland.

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Independent Banker

MARCH 31, 2022

Faced with several transitional issues, here’s how these community banks gained support from their new providers to adapt to the change. Two years before changing core processors, Asian Bank began conducting weekly meetings to brainstorm attributes its dream core provider would possess. When Del Norte Bank in Del Norte, Colo.,

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American Banker

MARCH 3, 2021

The company would gain its first branches around Annapolis after it buys Severn in a deal valued at $146 million.

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Maryland Marketing Company Community Bank 39

Independent Banker

FEBRUARY 24, 2016

Quail Creek Bank develops its own Apple Watch app. Many of your community bank’s customers are using smartphones, and most smartphone users with bank accounts are using mobile banking. Community banks must improve their customers’ mobile banking experience to remain competitive with national banks.”.

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Independent Banker

SEPTEMBER 30, 2021

In this feature, we’ll look at a number of ways you can continue to build trust—an especially crucial task as the pandemic continues, telecommuting persists and consumer banking practices evolve. But for most community banks, building a trustworthy brand isn’t a conscious effort. billion-asset community bank.

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Independent Banker

NOVEMBER 13, 2014

Once upon a time, community banks were more than happy to leave the chore of choosing technical devices and running networks to their chief technology officers. One increasingly prominent way for community bank chief information officers to help formulate strategy is to collaborate more closely with marketing heads and with others.

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Study Community Bank Community Survey 70

Independent Banker

OCTOBER 14, 2014

When Community Bank of Bergen County unveiled its online mortgage hub this summer, the bank put “ease of use” at the top of its goals for the site, says President and CEO Peter Michelotti. “I Sam Vallandingham, president and CEO of The First State Bank in Barboursville, W.Va., Hubs of Opportunity. By Elizabeth Judd.

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Independent Banker

AUGUST 26, 2015

At some community banks, budgeting for technology has become a more important focus over the past several years. If the project is something that can make a bank more profitable in the short term or long term, the bank should make the purchase, whether it was budgeted for or not. State Bank and Trust Co.

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Independent Banker

JULY 1, 2015

The combination has helped make him the star lender at Farmers & Merchants Bank, a $120 million-asset community bank in Miamisburg, Ohio. million of the bank’s $17.4 The bank’s portfolio grew 8.84 He also knows his market well enough to offer trusted and valued advice. He booked $6.9 percent in 2013.

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Ohio Community Bank Maryland Community 70

Jeff For Banks

JUNE 2, 2023

Between 1995 and its peak in March 2000, the Nasdaq Composite stock market index rose 800%, only to fall 740% from its peak by October 2002, giving up all its gains during the bubble. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate? Remember K Bank in Maryland?

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Independent Banker

JULY 31, 2022

Fallout from recent global events presents an obstacle to generating revenue for community banks. Since COVID-19, profitability planning for community banks has mainly hinged on how the government was coping with the pandemic and the key role financial institutions played in keeping the economy afloat. By Elizabeth Judd.

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Strategy Community Bank Louisville Community 135

Independent Banker

JULY 31, 2022

When Rockland Trust synced up with an ICBA ThinkTECH Accelerator grad to launch a virtual digital banking platform, it took relationships between the community bank and its customers to a whole new level. For Rockland Trust, a $20 billion-asset community bank in Rockland, Mass., By Colleen Morrison.

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Innovation Community Bank Video Community 91

Jeff For Banks

DECEMBER 19, 2015

My method was to search for the best banks based on total return to shareholders over the past five years. I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments.

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Independent Banker

OCTOBER 29, 2014

Patti Renner, Knotice’s director of marketing, points out that this news should concern any community bank that is not sending out mobile optimized emails, or emails that “render well on a mobile device.” If you don’t optimize email for mobile, it’s almost like throwing away half your marketing list,” Renner maintains.

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San Diego Ohio Community Bank Mobile 88

Independent Banker

MAY 31, 2022

When companies sign on to the ICBA ThinkTECH Accelerator, they are looking to home their products and services to better support community banks. The two companies announced that they would be collaborating to offer a complete digital growth solution for bank partners. By Colleen Morrison. Brian Anderson, Finzly.

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PYMNTS

JANUARY 27, 2021

Digital payment and banking technology provider i2c on Wednesday (Jan. 27) announced partnerships and product launches with Archa , Community Bank of the Chesapeake (CBTC) and Credit Sesame , according to a press release. The company wanted to solve the problem of banks not underwriting corporate cards for small businesses.

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William Mills

SEPTEMBER 12, 2017

Digital banking solutions for community banks and credit unions. A turnkey solution incorporating CRM, invoicing and payments into a simple solution for the business delivered through the bank’s digital banking solution. They have some legacy systems at some BIG banks. MalauzaiMonkeys.

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Samsung Mobile User Experience Google 69