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More Data, More To Do

Independent Banker

With competition from big banks, online banks and credit unions, the community banking sector must focus their efforts on what makes them unique: a local bank employing local people to serve the local customers.”. Lending, transaction data. Community banks generally do well in harvesting their lending data, Bhalla says.

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More Data, More To Do

Independent Banker

With competition from big banks, online banks and credit unions, the community banking sector must focus their efforts on what makes them unique: a local bank employing local people to serve the local customers.”. Lending, transaction data. Community banks generally do well in harvesting their lending data, Bhalla says.

Data 70
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The Big Gorilla

Independent Banker

Some of it is soft cost,” and that’s what makes it hard to pin down, says Anita Vogel-Drentlaw, president of New Market Bank, a $99 million-asset community bank in Elko New Market, Minn. See ICBA’s legislative summary online at www.icba.org/advocacy/highwaybill.). Making adjustments.

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Getting Mobile Ready

Independent Banker

Reducing technology costs and local market savvy can enable community banks to become equal competitors in the mobile and digital footrace, but they’ll need to begin taking steps soon and planning strategically. But, overwhelmingly, consumers who pay for goods and services online, including over mobile channels, do so with a credit card.

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