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What #Banking Trend Will Have the Greatest Impact on Your Bank?

Jeff For Banks

This was the question posed to Bank Profitability students as part of the Oregon Bankers' Association's Executive Development Program (EDP). These were up-and-coming bankers, the future leaders of our industry, identifying industry trends that will have the greatest impact on their bank, in no particular order.

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Growth Loops – The New Way To Grow Bank Product Sales

South State Correspondent

As a result, bankers love the idea of a sales funnel – put enough prospects at the top of the funnel, and a certain number of customers will fall out the bottom. Some will not know the answer, and other bankers will talk about more marketing, more salespeople, more geography, better follow-up, or a more focused sales effort.

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For faster loan origination, stop doing this

Abrigo

How to close more loans by speeding up lending and credit analysis Seeking a quicker loan origination workflow is worth it. Millennials and Gen Zer business owners were more likely than their older counterparts to borrow at the time of the borrowing need or within days of it. Learn where to find opportunities for improvement.

Lending 221
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Good News from Gen Next

Independent Banker

Out of Mom and Dad’s basement, millennials are primed to become your next best customers. Bauhs is on the tail end of the “millennial” generation, which is commonly defined as those born between 1980 and 2000. This is really the moment for community banks to show that they’re a fit for millennials. By Ed Avis.

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And Now, a Word from Your Human Resources Leaders

Gonzobanker

As we listened, it occurred to us that some of the themes they covered may not be issues that are particularly visible to management teams; if they are, a re-emphasis may be called for. They want one sign-on, and they want it all on mobile. The same business acquisition skills bankers need for customers are necessary for recruiting.

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More Americans Say They Will Die Debt-Free

PYMNTS

In this year’s report, 24 percent of respondents said they had no debt at all, up from 22 percent last year and 14 percent in 2014. Over the last three or four years, the economy has improved, job growth has been strong and wealth has been rising,” said James Chessen, chief economist at the American Bankers Association. More good news.

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Good News from Gen Next

Independent Banker

Out of Mom and Dad’s basement, millennials are primed to become your next best customers. Bauhs is on the tail end of the “millennial” generation, which is commonly defined as those born between 1980 and 2000. This is really the moment for community banks to show that they’re a fit for millennials. By Ed Avis.