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Small banks: Big challenges and big opportunities

Abrigo

Relationship focus helps CFIs Small banks can leapfrog competitors and better serve their communities by combining their unique advantages with smart management and partnerships. Declining deposits, higher cost of funds, and ever-increasing competition are just a few challenges these executives are managing. The result?

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The top-performing community banks of 2021

Independent Banker

3-yr average pre-tax ROA. Cumberland Security Bank, Inc. First Security Bank of Deer Lodge. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. pre-tax ROA: 2.68%. In true community bank fashion, each has its own story to tell and its own path to success. Molly Bennett, executive editor, Independent Banker. Tuscaloosa.

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The future of workplace flexibility

Independent Banker

By early 2022, of its approximately 1,200 non-branch personnel—including lenders, wealth management and support departments—70% were hybrid, 20% were remote and 10% were fully in the office. has begun surveying its managers to determine that path forward. Many IT, marketing and finance profitability analytics employees are remote. “We

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AltFin Shines As Investor Interest In B2B FinTech Continues

PYMNTS

and India drove a surge in FinTech venture capital funding in 2017, and Accenture Financial Services Senior Managing Director Julian Skan pointed to the B2B business model as a significant presence in this trend. The company operates a working capital and trade finance solution for companies to secure financing to power global trade.

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The Predicament Of C-Suite Fraud And Government Cyberattacks

PYMNTS

According to reports, the Wyatt Company’s accounts payable (AP) department received a call from one of its service providers, Associates Relocation Management (ARM), which alerted Wyatt of an unpaid bill. Tax time in particular is like Christmas to cybercriminals,” he said. The AP department, however, had a record of paying ARM.

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US B2B Startups Dominate $337 Million Worth Of Funding

PYMNTS

Boston-based PreVeil did not disclose how much it raised in its Series A funding round, but it did note that Spark Capital provided the funding to support the company’s email and file security solution. Texas’ SpyCloud delivers protection against account takeover for its corporate clients. Kenna Security. Back-Office.

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Happy Returns

Independent Banker

Greg Steverson (left) successfully manages a $100 million institutional investment portfolio for Ledyard National Bank in Norwich, Vt. Mikella Newsom (middle) successfully manages a $325 million institutional investment portfolio for City Bank in Lubbock, Texas. Investment principles of top bank portfolio managers.