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A Time of Reckoning for Your Bank's Core Deposits?

Jeff For Banks

So worries New Jersey Banker's Association CEO John McWeeney since state-owned bank advocate Phil Murphy was elected governor. I got news for you John. When they bought Strong Asset Management. FDIC insured. Bye-bye municipal deposits. A significant source of liquidity. We might lose municipal deposits regardless.

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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

//Jeff Marsico remarks to the 2023 New Jersey Bankers' Association Annual Convention: May 19, 2023// Four decades ago, the prolonged savings-and-loan crisis devastated the industry. To you, manage your interest rate risk. M&T assumed their $411 million of loans and securities with a $289 million FDIC loss-share agreement.

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How Cross River Bank Keeps Cash Flowing

PYMNTS

Some companies, like Cross River Bank of Teaneck, New Jersey, have launched services to ease consumers’ access to physical cash notes by tapping into the convenience of the existing financial infrastructure. This includes checks, brick-and-mortar bank branches, ATM cards and, yes, cash. commerce today. Given its high usage in the U.S.,

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To Branch or Not To Branch: Here Is The Answer

Jeff For Banks

Vernon Hill, legendary leader of the former Commerce Bank in Cherry Hill, New Jersey, took advantage of the last time bankers were contemplating the future of branching by beating them over the head with his high profile and rapidly expanding branches. During periods of uncertainty lies opportunity. Are deposits increasing?

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Betterment Checking Account Review: Unlimited Free ATM Access

MyBankTracker

Betterment also provides cash management. If you’re looking to open a new checking account, the company offers an inexpensive way to manage your money. Betterment is different because it provides a low-cost way to manage your money. FDIC insured. Others seek a more simplistic way to manage their funds.

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The Elephant in the Room: Branches

Jeff For Banks

The recently released FDIC Summary of Deposits showed the second year of branch decline. The poster child of this concept is Commerce Bank of Cherry Hill, New Jersey which was acquired by TD Bank (see photo). We don''t want to manage multiple properties of former branches that sit stale on our books eating our capital.

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Top News In Payments: Elavon To Buy UK Gateway Sage Pay; Germany To Make Digital Payment Providers Open Systems To Rivals

PYMNTS

recorded its fourth bank failure this year — the first collapse of financial institutions since 2017, per Federal Deposit Insurance Corp (FDIC) data. 1 when City National Bank of New Jersey closed its three branches. Users will also be able to view payment history, update settings and manage preferred payment methods.

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