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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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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 78
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The 2022 GonzoBanker Awards

Gonzobanker

Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey. All of this while knocking out a stellar 1.35% ROA and leading industry, community, and philanthropic efforts everywhere. banks by market value.”. The New Name for Community Award.

Community 216
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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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A New Human Connection

Independent Banker

ATMs with video connections to bank staff in a centralized back office have been getting a lot of buzz within the industry. For some community banks, video tellers, sometimes called interactive teller machines or ITMs, can work well for select markets or under certain conditions, experts say. James Johnson, PCSB Bank.

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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