article thumbnail

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. The data would indicate not marketing to a new customer is a mistake.

Marketing 195
article thumbnail

Postmates Waves Goodbye to Community Managers

PYMNTS

To do this, the company, which currently runs 44 locations, chose to make its operations leaner with the elimination of its community manager. To facilitate this growth, over the past year we’ve consolidated our support functions (customer service, merchant support and fleet operations) in Nashville, Tenn., Every minute counts.

Community 100
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Lessons From The Small Business Banking Conference

South State Correspondent

Recently, the American Banker hosted their annual Small Business Banking Conference in Nashville, and as always, it was one of the better banking conferences of the year. Whole Banking is a Function of Team Banking Selling, servicing, and marketing small business banking is expensive because of the complexity.

article thumbnail

5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

While the current growth rate needs to be left to each bank based on their capital cost, market, and risk tolerance, the general guide is that growth should be in the 3% to 5% range for this year. When offering a higher money market or CD rate, the direct damage done to cost of funds is often the least of a bank’s worries.

article thumbnail

Dollar General Introduces 'popshelf' Store Concept

PYMNTS

The Clarksville and Hendersonville communities, which are near Nashville, Tennessee, are the anticipated homes of the first two popshelf locations. Plans are in place to have roughly 30 locations in different markets before the conclusion of fiscal year 2021.

Nashville 109
article thumbnail

Impact Roadshow | Nashville, TN

Filene

Local Host: US Community Credit Union. This Impact Roadshow offers you and your team a convenient and fun way to find out how Filene takes the best ideas, rooted in research and proven in the market, and makes them scalable and sustainable to drive change in your credit union. 1:00 p.m. - Filene Host: Lauren Culp.

article thumbnail

The Untapped Power of Brand in Banking

Jeff For Banks

And so were the Uber cars in my recent trips to Los Angeles and Nashville. Something that immediately made me feel better about being in Nashville than LA. Leading to our perception that Nashville is friendlier than LA. Ask the Experts My firm is not a marketing or branding firm. But something was different.