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Fundation Pulls Community Bank Into FinTech Collaboration

PYMNTS

Large financial institutions (FIs) are increasingly turning to FinTech firms and alternative lenders to augment their small business (SMB) offerings, but community banks are beginning to get on board with the partnership strategy , too.

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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. First Internet Bank in Indiana was founded in 1998. billion in total assets.

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A Time of Reckoning for Your Bank's Core Deposits?

Jeff For Banks

So worries New Jersey Banker's Association CEO John McWeeney since state-owned bank advocate Phil Murphy was elected governor. The state's municipal deposits approximate $20 billion , $13 billion of which are in community banks. Marcus is Goldman Sachs online bank. And Mid Penn Bank is a $1.2 trillion this week.

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Bankers: Here's What We Do

Jeff For Banks

I work for The Kafafian Group, a community bank consulting firm based in Bethlehem, Pennsylvania. Many of my readers might not know what my firm does, so I want to dedicate this post to the problems we help community bankers solve. Our competition in this line of business are software solutions providers.

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You call yourself a brand manager?

Jeff For Banks

The Pennsylvania Turnpike’s Valley Forge rest stop is a common waypoint for me on my travels. So why can’t we achieve premium pricing in community banking? A response I often receive is that money is a commodity, and one bank’s greenbacks are the same as another’s. I paid 32% more so my cup would say Starbucks on it.

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Where will banks get their next dollar of capital?

Jeff For Banks

But retail investors were nowhere to be found. This was one of the points made by Lisa Schultz of Stifel, Nicolaus, Weisel, an investment banking firm that specializes in FIs, at a recent Pennsylvania bankers conference. Ms Schultz said retail investors were absent for all industries, not just FIs. I would like to know.

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Bankers: Seven Questions to Determine If You Have a Strategic CFO?

Jeff For Banks

J4B Take : The greatest uncertainty facing community banking is relevance. JFB Take: The market leader in mortgage origination in my home state of Pennsylvania is Quicken. Imagine if in the late 1990s bank CFOs projected a twenty year decline in mortgage market share driven by a piece of technology?

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