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Trust and tax services: Worth offering?

Independent Banker

To satisfy the banking needs of some commercial and high-net-worth clients, some community banks provide trust and tax strategy services. Launching new services to cross-sell to existing customers is one path to organic growth for a community bank. For some banks, those services include specialty trust and tax strategy services.

Taxes 91
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The Recency Trap and Building Deposit Balances

South State Correspondent

One of the lessons that was driven home at the recent American Banker Small Business Banking Conference in Nashville was the difference in marketing between large national banks and community banks, particularly deposit marketing. Recency Trap Experiment Of course, please don’t take our word for it.

Marketing 195
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Building Cities With Online Platforms And Opportunity Zones

PYMNTS

Across urban and rural settings, communities are in need of investment. To that end, according to Valla Vakili , managing director and head of the studio at Citi Ventures , data can make all the difference in helping funds get where they need to go to revitalize those communities. Determining Socio-economic Needs.

Online 134
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Tech Center: Orlando Dips Its Toes Into Tech Startup Water

PYMNTS

Over the course of the last decade, businesses have started flocking to the Orlando area. Here is an excerpt of the conversation: PYMNTS: Can you describe your personal and/or professional experience with the tech community in Orlando? ND: I’ve been involved in the Orlando tech community for 10+ years.

Florida 110
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Small Firms Find Tight Labor Market A Costly Challenge

PYMNTS

The survey revealed a range of data points that reflect SMBs’ optimism: most SMBs expect both national and local economies to improve, and for their revenues to increase in the coming year. Bank of America’s Small Business Owner Report found that 27 percent of small firms plan to hire in 2019. percent and averaging $26.89

Marketing 148
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Happy Returns

Independent Banker

Greg Steverson (left) successfully manages a $100 million institutional investment portfolio for Ledyard National Bank in Norwich, Vt. Community bank institutional investment portfolio managers have been put through their paces the past several years. Yet that is exactly what many community banks have accomplished.

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Guest Post: Financial Markets and Economic Update - First Quarter 2024

Jeff For Banks

Our lives changed forever from this whole experience of the government’s declaration of a national emergency, leading to forced shutdowns of businesses and schools, mandated mask wearing, forcing 6-foot distances between people, travel restrictions, fear mongering with case and death counts, and forced vaccines/boosters. Real GDP was +3.2%

Marketing 146