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7 ways community banks can boost profitability

Independent Banker

of digital banking customers said they switched to digital banking because of the pandemic. Source: 2021 Provident Bank survey. These days, there’s a lot to contend with as a community bank, from changing consumer behaviors due to the pandemic to uncertainty surrounding the economy and inflation. Quick stat.

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2021 GonzoBanker Awards

Gonzobanker

After leading a great and vibrant organization at Andrews Federal Credit Union, Jim and his family have taken on a new adventure, and the Gonzo team is confident Jim’s ambition and transparent leadership style will be welcome in Raleigh, N.C. The Bank That Gets Fintech. Goes to Larry Mazza and the crew at MVB Bank in West Virginia.

Fintech 143
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GonzoBanker Awards 2017

Gonzobanker

One word can summarize this action-packed banking year, GonzoBankers – tiring. Heavy-handed regulators. Best Bank Sale of the Year – Although it was early in the year, the Bank of North Carolina’s (BNC Bancorp) sale to Pinnacle Financial wins. This year brought us: Mergers out the yin-yang. Payments chaos.

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The 2019 GonzoBanker Awards

Gonzobanker

Yet the Gonzo team has to give a shout out to the late entry of Texas Capital and Independent Bank. In a state that wears autonomy on its chest, it was a bold move for two successful players to collaborate and create a $50 billion powerhouse and the largest independent bank in the great state of Texas!

Idaho 148
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Gonzo Goes to BAI Retail Delivery 2014: Sweet Home Chicago?

Gonzobanker

With a focus on digital banking and branch transformation, it was interesting to see the attendee list with lots of sexy new customer experience and analytics titles. Worst practice of the sessions: “It’s an interesting time to be a bank and digital banking is part of an entire ecosystem.” General Sessions.

Chicago 97
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The 2015 GonzoBanker Awards

Gonzobanker

Sure, we bought some December options on west Texas crude at $100 a barrel, but it was only with a third of the 401(k)—plenty of time to make that up, right? Regulator Award. This bank has taken the IBS data warehouse tool and built a repository and data analysis capabilities that peers would envy. Are You Freakin’ Kidding Me?’