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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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Postmates Waves Goodbye to Community Managers

PYMNTS

To do this, the company, which currently runs 44 locations, chose to make its operations leaner with the elimination of its community manager. To facilitate this growth, over the past year we’ve consolidated our support functions (customer service, merchant support and fleet operations) in Nashville, Tenn., Every minute counts.

Community 100
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10 Lessons From The Small Business Banking Conference

South State Correspondent

Recently, the American Banker hosted their annual Small Business Banking Conference in Nashville, and as always, it was one of the better banking conferences of the year. Whole Banking is a Function of Team Banking Selling, servicing, and marketing small business banking is expensive because of the complexity.

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Car Subscription Market Set To Grow 71 Percent By 2022

PYMNTS

Beyond BMW and Cadillac , the subscription market is growing as consumers and brands take note: Software vendors, too, are turning to subscriptions, according to the PYMNTS Subscription Commerce Tracker. We see a very big market niche for ready-made meals,” Griesel was quoted as saying to the Rheinische Post newspaper.

Marketing 110
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Airbnb Hosts Turn To Long-Term Rentals To Stay Afloat

PYMNTS

Ambur Storozynsky, who manages properties in Canada, said the business model shift was inevitable as the need for short-term rental has dried up due to the lack of people traveling while the virus spreads. Storozynsky was busy recently converting two of her rentals into long-term units. But renters have to make a living.

Nashville 131
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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

While the current growth rate needs to be left to each bank based on their capital cost, market, and risk tolerance, the general guide is that growth should be in the 3% to 5% range for this year. When offering a higher money market or CD rate, the direct damage done to cost of funds is often the least of a bank’s worries.

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Instacart Raises $271M On $7.8B Valuation

PYMNTS

hedge fund Tiger Global Management and existing investors Coatue Management and Valiant Capital. Grocery delivery startup Instacart raised an extra $271 million in November, bringing its latest round of funding to $871 million. A source told Reuters that the additional funding comes from investors, including U.S.