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7 ways community banks can boost profitability

Independent Banker

Here’s what community bankers need to know when planning their budgets for the next year. of digital banking customers said they switched to digital banking because of the pandemic. Source: 2021 Provident Bank survey. Here are seven factors community banks should consider as they enter budgeting season.

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Seattle Bank launches cloud-based CD rate website, app

BankInovation

Seattle Bank has launched a new website and mobile app, CD Valet, to assist customers in finding the most competitive certificate of deposit (CD) rates while leveling the competitive playing field between large financial institutions and community banks.

Seattle 52
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Why Citi and Seattle Bank joined Google Pay

American Banker

The megabank and community bank recently announced they're offering accounts through the payment app. Both gave similar reasons: They need big tech to help them attract new customers.

Seattle 87
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Bankrate, Step Aside. Seattle Bank’s Unbiased CD Site Has National Plans

The Financial Brand

Seattle Bank’s Unbiased CD Site Has National Plans appeared first on The Financial Brand. One community bank has launched a free CD rate listing service that aims to help both consumers and financial institutions. Seattle Bank’s Unbiased CD Site Has National Plans appeared first on The Financial Brand.

Seattle 26
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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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ABA Past Chair: ‘We’ve Seen Great Results’ from PPP Loans

ABA Community Banking

American Bankers Association Past Chair Laurie Stewart today said that her bank—Sound Community Bank in Seattle, of which she is CEO—has seen “great results” from Paycheck Protection Program loans made to small business customers over the last year.

Seattle 90
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Beneficial State Bank’s financial activism

Independent Banker

Under the leadership of CEO Randell Leach, Beneficial State Bank is pursuing an ambitious mission of financial activism and strong corporate values. The idea that community banking can be a force for positive change is at the heart of Beneficial State Bank, which engages its customers through financial activism.

Oakland 153