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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. Securities add no long-term value while loans contribute about 10% ( HERE ) to value.

How To 195
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Peloton Rival Equinox Snags Funding From Silver Lake

PYMNTS

Luxury gym operator Equinox has secured funding from Silver Lake, an equity firm, in its continuing bid to compete with exercise giant Peloton, according to a report by Bloomberg. Terms of the funding were not disclosed. Equinox already has around 100 locations throughout North America and the U.K., Peloton’s shares fell 4.9

Exercises 136
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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. It can clarify roles and responsibilities, encourage timely communication and help community banks operate more efficiently. When the pandemic hit in early 2020, mitigating risk took on a whole new meaning for community banks.

Oregon 91
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Digital IDs Help Open Banking Reach Its Fullest Potential

PYMNTS

Open banking comes in several flavors, yet its rise requires robust Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, Zac Cohen , chief operating officer at identity verification firm Trulioo told Karen Webster in a recent interview. Regulation Vs. Market Forces. Cohen said. In the U.S., Checks And Balances.

Data 272
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FASB issues CECL – new standard for credit-loss recognition

Abrigo

Amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The Independent Community Bankers of America (ICBA) said it was pleased with the consideration given to community banks’ views in the review process. They all have finance operations.

Resources 150
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Is Small Business Lending Facing a ‘Moment of Reckoning?’

Gonzobanker

article , former Small Business Administration administrator Karen Mills said community banks with strong small business customer bases that don’t find new ways to serve them digitally are going to face a “reckoning.” In a recent American Banker. Source: DeBanked ). Technology Utilization. Contact us today to learn more.

Lending 136
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Cybersecurity Spring Cleaning Checklist 2023

Ublocal

Review Your Passwords Without strong passwords on your accounts, any other security measures you take will be less effective. Not only can excessive emails be a source of stress, they can also become a security problem. Finally, secure your devices with a password, PIN or other login to help protect your email.