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How To Do Better Against National Bank Lending Competition

South State Correspondent

Understanding the competitive banking landscape helps community banks set proper pricing, respond to rival marketing, and compete more effectively. Many existing community bank customers and prospects are also national bank customers. The peer group is 257 banks between $500mm and $1B in assets in the mid-west.

National 195
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U.S. Regulations to Consider When Managing a Cryptocurrency Fund

Perficient

This piece was written in collaboration with Chandni Patel, Director of Financial Services and member of Perficient’s Digital Assets Working Group. However, in this blog, we will discuss the regulatory landscape surrounding cryptocurrency from an asset manager or fund manager perspective. Central Bank Digital Currency (CBDC) ).

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Quantifying Your Market When Raising Deposits

South State Correspondent

Embodied in the Unified Deposit Formula is a marketing and amplification equation. It is acknowledgment that a bank’s ability to raise lower-cost deposits is also based on the bank’s marketing reach and prowess. The stronger the marketing effort, the lower the deposit cost.

Marketing 195
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Kristen Larson joins Ballard Spahr’s Consumer Financial Services Group

CFPB Monitor

I am pleased to share with our blog readers that Kristen Larson, an attorney with almost two decades of in-house experience advising midsized and large national banks on financial services matters, has joined Ballard Spahr’s Consumer Financial Services Group. She is resident in the firm’s Minneapolis office.

Groups 78
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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
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Here is the Future of Bank ROE and What to Do About It

South State Correspondent

Cost of Funds (COF) is An ROE Problem Community banks’ net interest margins declined at a quicker pace in the first quarter than in the prior four quarters as the deposit shift from non-interest-bearing demand deposit accounts (DDAs) to interest bearing money market demand account (MMDA), and time deposit accounts (CDs) continued.

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Payroll Management Firm Papaya Global Notches $40M In Series B

PYMNTS

Papaya’s existing investors include Bessemer Ventures Partners, Insight Venture Partners, Group 11, New Era Ventures and Dynamic Loop. Scale Venture Partners Partner Rory O’Driscoll said in the post that the payroll market was “long-starved for more effective software solutions.”.