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New ICBA chairman Derek Williams’ commitment to community

Independent Banker

wanted to be a financier before finding his way to community banking. Photo by Harold Daniels Derek Williams, president and CEO of Century Bank & Trust in Georgia, is bringing his passion for community banking to his term as ICBA chairman for 2023/24. That love of community has defined his career. “I

Community 172
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10 Top Banking Podcasts You Should be Listening to

Abrigo

Other podcasts might be internationally based and of little interest to community financial institutions or credit unions based in the U.S. Main Street Banking: A Podcast for Community Bankers 8. Weekly episodes highlight innovators and industry players driving innovation in the financial services industry. BankTalk 3.

Community 195
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TRENDING: Are Credit Unions The Hipster FI?

PYMNTS

Today, more than a century later, that credit union is still operational and is now focused on serving a new type of member: millennials. Recent rule changes and product innovations are promising to help the CU market better serve its members. From mill works to millennials … the nation’s oldest credit union speaks.

Trends 130
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12 Industries Experts Say Millennials Are Killing — And Why They’re Wrong

CB Insights

Every few weeks, another story about the dreaded generation surfaces: millennials are killing casual dining; millennials are killing breakfast cereal; millennials are killing home ownership. Millennials aren’t shunning luxury goods; they’re just renting them instead of buying. Millennials are in debt.

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How To Compete With Banks: Start With First Principles

PYMNTS

PYMNTS fielded a study to a national panel of 1,062 U.S. Ninety-two percent of consumers count their primary bank as either a national bank, regional/community bank or credit union. consumers during the last week of February 2020. Seven percent (7.4) of consumers report that their primary bank is a digital-only bank (4.2

How To 232
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Macro Trends and Millennials: AFT Spring Summit Meeting

William Mills

In fact, they are the only national FinTech organization in the U.S., I served as the moderator for a core API panel that discussed the macro trends of the industry and the innovation risk from non-bank FinTech startups. Millennials make up 80 million people in the U.S. and are the largest workforce.

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How Brick-and-Mortar Banks Can Seize The Digital Moment

PYMNTS

Local and regional banks may have once been more insulated from these trends than other businesses since they are often trusted names within their communities and maintain long-standing relationships with their customers. In contrast, national bank customers are less likely to switch FIs, with 25.9 percent of national banks, versus 77.5

Regional 241