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Bankers: Five Ways to Use Profitability Data to Move You Forward

Jeff For Banks

On a recent Pennsylvania Institute of CPA podcast , Bob Kafafian from my firm was asked how to use management information. And since I am scheduled to speak about it at a Financial Managers Society breakfast tomorrow, I'll answer it. Hold branch managers accountable for revenue growth.

Data 60
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Radial Fights Fraud, Releases Annual Holiday Fraud Index

PYMNTS

Radial is an industry leader in omnichannel commerce technology and operations. With headquarters in King Of Prussia, Pennsylvania, Radial provides major brands and merchants with fraud, payments and tax solutions, as well as a host of other commerce technology solutions. “We Radial knows a thing or two about fighting fraud.

Fraud 100
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Time Tried, Panic Tested. The Forgotten Story of the First National Bank of Keystone

Jeff For Banks

billion in assets, had 87 full-time equivalent employees, and accounted for two-thirds of the town's tax revenue. Harassment included a bellicose management team, scowls from the townspeople, and threatening sidewalk art outside of the bank. She effectively ran the bank and its operations. The blue-suits were not well-received.

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Banking's Top 5 in Total Return to Shareholders: 2018 Edition

Jeff For Banks

But once they turned things around they took their deferred tax asset back onto their books and did three acquisition. The Bank operates five full service offices. It also operates 13 Home Loan Centers in Oregon and Idaho. The bank operates twelve branches, eleven in California and one in Nevada. Oregon Bancorp, Inc.

Oregon 101
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How About Profits in the Branch of the Future?

Jeff For Banks

These pre-tax profit ratios are a percent of average branch deposits, and excludes indirect branch operating expense such as Deposit Operations and IT, and overhead such as Executive and Finance. Imagine holding branch managers accountable for increasing deposit and loan spreads, and generating direct pre-tax profits.

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The social responsibility of banks is to increase profits.

Jeff For Banks

His conclusion remains true, however, as much then as now: business has no social responsibility except to maximize profits within the laws and ethical norms of the society in which it operates. Managers of corporations are not accountable to society. Ten percent of its pre-tax profits are given to Christian non-profit organizations.

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The social responsibility of banks is to increase profits.

Jeff For Banks

His conclusion remains true, however, as much then as now: business has no social responsibility except to maximize profits within the laws and ethical norms of the society in which it operates. Managers of corporations are not accountable to society. Ten percent of its pre-tax profits are given to Christian non-profit organizations.