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How Can Banks Thrive in the Next Five Years?

Jeff For Banks

I know, my first job in banking in 1985 at Northeastern Bank of Pennsylvania was making microfiche. And products started migrating online. In Pennsylvania, Rocket has number 1 market share. Then came this bubble generation they named millennials. Ever call your millennial child only to get a text back asking "what?"

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FI Highlight: S&T Bank

NCR

April kicked off Financial Literacy Month so we recently talked with Becky Stapleton, senior executive vice president and chief banking officer at S&T Bank, to learn about the various initiatives they host in order to promote financial literacy in their local community. S&T Bank is a community bank in every sense of the term.

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How About Profits in the Branch of the Future?

Jeff For Banks

Malls are experiencing difficulty in the United States, as millennials opt for smaller, urban environments to shop. And the rest of us are increasingly buying online. Since 2006, community banks have recognized the need for greater balances in branches to improve profitability. Not very inspiring.

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The 2018 GonzoBanker Awards

Gonzobanker

Goes to Greg Smith, retiring CEO of Pennsylvania State Employees Credit Union. CVB Financial acquires Community Bank. With active investment and community engagement, Hispanic membership growth at ICCU is now more than twice the rate of other household segments. The Millennial Over-Transparency Award. Bravo Green Machine!

Fintech 105
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THE 16TH ANNUAL GONZOBANKER AWARDS

Gonzobanker

Kim, the executives and the boards of both organizations who put rivalry aside to gain scale in the new world of banking where differentiation matters and community can be more than geography. see https://www.bloomberg.com/news/articles/2016-06-01/this-is-how-a-banker-in-brooklyn-makes-money-on-millennials ).

Utah 60
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THE 16TH ANNUAL GONZOBANKER AWARDS

Gonzobanker

Kim, the executives and the boards of both organizations who put rivalry aside to gain scale in the new world of banking where differentiation matters and community can be more than geography. A Gonzo community bank being a leader and not a fast follower – that’s pretty cool! It’s funny, tongue-in-cheek and just plain different.

Utah 60