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Robert Fisher: The nimbleness of community bankers

Independent Banker

Let’s rediscover what it means to be community bankers. Let’s exercise our nimble natures to exceed customer expectations. Because as community bankers, it’s what we do. That just may be community bankers’ word of the year. Flush customer accounts may enable us to position wealth management services. My Top Three.

Community 171
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Rebeca Romero Rainey: Prepare your cyber defenses

Independent Banker

While there’s no cyber or data security silver bullet, by bringing the theoretical into a true banking environment, we can begin to establish action plans that speak to real-world attacks.”. Cyber and data security have long been areas of emphasis for community banks, but in today’s escalating digital environment, that focus has grown.

Exercises 126
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The Steps and Tools For Tactical Loan Refinancings

South State Correspondent

In two articles in the past few weeks ( here and here ), we discussed how the “higher-for-longer” interest rate environment will affect the community bank sector – continued increase in the cost of funds (COF), steady yields on loans, and a decrease in net interest margin (NIM) will put severe pressure on ROE for new loan originations.

Tools 195
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How to Set Your Strategic Planning Time Horizon

South State Correspondent

For example, at present, return on equity performance is about 12% for the average community bank. Research & development, product design, human capital and brand building is usually a next year item when it should be a next decade exercise. Bank management is hyper-focused on net interest margin. Why is that?

How To 195
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A thoughtful approach to generative AI

Abrigo

Takeaway 2 AI can lead to more accurate and consistent outputs or predictions, better risk management, and improved customer experiences. DOWNLOAD Takeaway 1 With generative AI technology improving by the day, the question is not if the banking industry will utilize it, but when.

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Amazon Walmart Whole Paycheck Tracker: Staying Secure, Gaining New Ground And Getting Competitive

PYMNTS

Security Save Of The Week: Blocking The Biggest DDoS Attack Attempt Ever . But fending off an increasingly aggressive Congress wasn’t Amazon’s only exercise in self-defense this week. CareZone’s technology helps consumers better digitally manage their prescription-drugs purchases. The Loganville, Ga., The Battle Continues.

Security 141
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Why now is the time to update your bank’s corporate governance

Independent Banker

During the pandemic, many community banks needed to change how they operated. For this and other reasons, now is a good time to review and refresh articles, bylaws and committee charters to ensure resilience and bolster risk management. But if they see it as a risk management tool, it’s a game changer. Photo by Alita/Stocksy.

Oregon 91