Independent Banker

JULY 31, 2022

In 2022, things changed with whiplash speed, as the Fed hiked interest rates to quell inflation, the mortgage refinance market dried up and the effects of macro changes, from the Russian invasion of Ukraine to a talent shortage, began to be felt keenly. Illustration by Jill DeHaan. By Elizabeth Judd. Quick Stat.

Strategy 135

Strategy Community Bank Louisville Community 135

South State Correspondent

OCTOBER 28, 2022

Our teams just returned from back-to-back weeks at the Gartner Symposium in Orlando and Money 20/20 in Las Vegas. Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments. Despite those challenges, we pulled out the top ten needle-moving ideas and ten smaller, exciting ideas to bring to your organization.

Conference 195

Conference Technology Las Vegas Trends 195

South State Correspondent

MAY 31, 2023

The concept that we allow the customer to choose how they want to bank often enables the bank to be passive in its position and give up agency. Branching, for example, is too expensive to be all things to all people. That said, branch profitability has come roaring back, given the value of deposits. This fact, however, is rapidly changing.

Data 195

Data Branch Strategies Strategy Mobile 195

South State Correspondent

MAY 23, 2023

This data is critical for pricing, capital allocation, and marketing. In 2021, we published articles warning bankers against higher rates (for example, HERE ) and the resulting impact on credit. We have seen the higher rates, and now bankers should brace for a credit shock. Lending is getting riskier. This quarter, it is 2.58%.

Trends 195

Trends Minnesota North Dakota Arizona 195

Gonzobanker

DECEMBER 19, 2022

All of you with your hands up… … uh huh. It would have required a few trips to the local dispensary to dream up what bankers have endured this year. 1 issue raised by CEOs in our surveys, bankers had to craft a new and compelling post-Covid value proposition to attract it. OK, show of hands. Pull ’em down. Nobody did.

Community 216

Community Fintech Industry Innovation 216

Gonzobanker

DECEMBER 17, 2021

THE BANKER AWARDS. Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Lots of tech and operations to clean up, it appears, but no solid bank is better qualified than the team from Minneapolis. Doug Larson. Gonzo readers, 2021 was just plain schizophrenic.

Fintech 142

Fintech Strategy Leadership Lending 142

Gonzobanker

DECEMBER 22, 2020

Bankers started the year with good business plans, strong balance sheets, and optimism. Even George Bailey would have given you the thumbs up. This is a classic bank deal – one acronym buys another at a good price and plans to cut the hell out of cost while adding markets. ” – Hunter Thompson. Everything.

Idaho 170

Idaho Community Industry Strategy 170

Gonzobanker

NOVEMBER 18, 2014

And, man, did it ever … with the Aliens -esque signs of bankers getting their brains sucked out (or was it minds being blown by presenters, not sure?). After Retail Delivery had some mushy general sessions a few years ago, this is the second year in a row we have seen some provocative stuff on the main stage. General Sessions.

Chicago 97

Chicago Retail Branch Design Training 97

Abrigo

MARCH 24, 2021

Independent Banker Survey. The top banking challenges in 2021 are growing loans and earnings, according to Independent Banker’s recent 2021 Community Bank CEO Outlook survey. Technology sets up future lending success. Here's what they're doing. Would you like others articles like this in your inbox?

Lending 221

Lending Technology Survey Examples 221

Gonzobanker

OCTOBER 21, 2015

BAI Retail Delivery was at the Venetian in Vegas this year, sharing conference space with a travel convention called IMEX, which made things interesting in between sessions. This was the clever multi-media marketing of clever multi-media marketing. by Sam Kilmer & Eric Weikart. We stayed with the banking.

Las Vegas 60

Las Vegas Retail Phoenix Branch Design 60

PYMNTS

JANUARY 6, 2021

Thus far, the numbers do not bear out a massive uptake of a business model, that for the stakeholders, is essentially free (There are roughly 38 banks signed on and 5 million users of CoDi, as measured in late 2020). There are some key differences in place between CoDi and what might be seen elsewhere. Solving For The Chicken And Egg Problem.

Payments 363

Payments User Experience System Mobile 363

Jeff For Banks

MARCH 31, 2018

So worries New Jersey Banker's Association CEO John McWeeney since state-owned bank advocate Phil Murphy was elected governor. According to the Investment Company Institute , money market funds stood at $2.8 And as the chart below shows, these funds are typically paying more than double the community bank money market account rate.

FDIC 60

FDIC New Jersey Pennsylvania Community Bank 60

Jeff For Banks

MAY 31, 2022

Covid-19 lockdowns in China have cut production of goods and ships are again lined up off the coast of China, meaning long delays in getting products to the US. Stock markets hit new highs in January and quickly began a long and painful sell-off that has continued into May. High mortgage rates will begin to affect the housing markets.

Marketing 78

Marketing Community Bank Community Management 78

Abrigo

OCTOBER 28, 2022

Takeaway 1 Signs point to increased loan modifications and loan workouts, and regulators have urged financial institutions to work prudently with borrowers. . Takeaway 2 Meanwhile, banks and credit unions will likely see a beefed-up regulatory emphasis on credit risk management practices, especially tied to CRE. .

Management 195

Management Risk Management Policies Lending 195

Perficient

MAY 21, 2021

Within mere weeks, 22 women are in the final stages of completing a Perficient-sponsored coding bootcamp in Detroit; their final project includes designing their own apps, all of which serve the world in various ways and all certain to make an impact. Learn More About Perficient’s Bright Paths. Celeste Rowe’s Bright Paths Project: Grow Better.

Milwaukee 348

Milwaukee Software Course Detroit 348

Long Lasting Ideas

JANUARY 5, 2015

A generation ago, bankers could count on young people –piggy banks in hand — riding their parents’ coattails to the neighborhood branch. Believe it or not, this is a slice of the market that in some cases has never opened the doors of a bricks-and-mortar branch bank or learned how to write a check.

Marketing 40

Marketing Millennials Community Bank social media 40

Gonzobanker

DECEMBER 20, 2019

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. There is an understanding that technology and fintech are going to cause radical change, but the how, how big and when are still very unclear. But that’s for next year. First, find a comfy chair.

Idaho 148

Idaho Conference Data Marketing 148

Celent Banking

MAY 24, 2017

Academics, regulators, central bankers, and a handful of private sector people (like me) gather to discuss the latest research in the field. Academics, regulators, central bankers, and a handful of private sector people (like me) gather to discuss the latest research in the field. My key takeaways follow.

Conference 125

Conference Colorado Study Course 125

Jeff For Banks

MARCH 3, 2014

I learn a lot from bankers and industry experts as I visit their offices, speak to them on the phone or at industry events. And very difficult for bankers to put on their books. Occasionally they will offer an insight that I think my Twitter followers would find interesting. I quote people anonymously to protect the innocent.

Branch Strategies 87

Branch Strategies FDIC Strategy Industry 87

Gonzobanker

OCTOBER 15, 2014

For a long time, these rock-solid bankers have seen loan officers patronize them with passive encouragement while rarely referring a customer their way and never taking the time to understand their product offerings. There are several factors contributing to the malaise in the cash management solution market today: 1. -Anonymous.

Management 101

Management Community Bank Community Resources 101

PYMNTS

MAY 22, 2018

After a brief dip in consumer spending early in the year, consumer enthusiasm for shopping seems to have returned as sales numbers in retail have been stronger than expected of late. Even big brick-and-mortar players like Macy’s have shown signs of reversing their recent ill fortune by luring customers back into their stores.

Lending 108

Lending Cards Maine Comparison 108

Gonzobanker

JULY 28, 2014

Let’s just get this out of the way right up front: most bankers rank going through a formal system selection process right up there with a trip to the dentist. So, having dispensed with the pleasantries we’ll move right along and in the spirit of Kramer, just say “Giddy Up!”. Online Applications and Borrower Portal.

System 102

System Lending Data US 102

PYMNTS

NOVEMBER 4, 2019

Other Signs of Popularity. Venmo was up 64 percent year on year, said management. It is rolling out a cash-back rewards program for its Venmo Mastercard debit card at certain retailers, as announced in a press release. only, the service is slated to soon expand to other global markets. That’s not all. Avenues of Growth.

Groups 101

Groups Payments Mobile Dallas 101

Gonzobanker

DECEMBER 19, 2016

A deep mistrust is growing for anything that feels bureaucratic or obfuscated, and bankers stand at a crossroads as to where they may fall in this shakeout. In the post-Wells-scandal world where the shift from people and bricks to machines and digital is getting very real, bankers are scrambling to build new generations of their businesses.

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2016

A deep mistrust is growing for anything that feels bureaucratic or obfuscated, and bankers stand at a crossroads as to where they may fall in this shakeout. In the post-Wells-scandal world where the shift from people and bricks to machines and digital is getting very real, bankers are scrambling to build new generations of their businesses.

Utah 60

Utah System Community Marketing 60

Gonzobanker

DECEMBER 19, 2017

Rainbolt has quietly built a community bank in the past 20 years that is closing in on $2 billion of market cap. For 35 years, Wilmers led M&T with creativity, integrity and the “old-school” wisdom of a community banker who created a $26 billion market cap company. GonzoBanker of the Year – Large Banks.

Conference 90

Conference Industry Community Bank Community 90

Independent Banker

FEBRUARY 25, 2015

Community banks, which will continue to face a growing number of senior customers with everyday cash needs and built-up home equity, should explore this niche lending opportunity, two community bankers providing these specialty loans suggest. who oversees 32 loan officers dedicated to providing the loans. FirstBank, which has $2.3

Trends 70

Trends Community Lending Community Bank 70

Gonzobanker

FEBRUARY 18, 2015

The Garb: Despite the exhortations in the conference guide that attendees should be in resort casual, it never ceases to amaze me that bankers still take themselves so seriously. Bankers, it’s time to think about a bit more diversity, with the board room being a good place to start. Spoiler Alert: All the attendees are in on the game.

Conference 60

Conference Community Phoenix Arizona 60

Gonzobanker

JULY 21, 2016

In a prior life, I negotiated large scale enterprise resource management software contracts in the retail and logistics industries (SAP, PeopleSoft, Oracle and so on). In fact, up until the late ’90s one of the largest vendors didn’t have a list price. The pricing for these services was usually rationalized across these industries.

System 60

System Software Technology Industry 60

PYMNTS

NOVEMBER 18, 2016

In this week’s installment of PYMNTS’ Weekly Tech Center Roundup , we look at how the country’s capital city is developing a tech landscape that’s quickly catching up with its western counterparts. Poland brought in €7.2 billion in EU funds aimed at promoting an innovative economy after joining the EU in 2014.

UX 100

UX Google Innovation Meeting 100

Javelin Strategy & Research

FEBRUARY 12, 2015

Many digital and retail leaders are frustrated. Fast forward to the wobbly yet substantive financial recovery and nearly every banker had the same question: with CFOs reigning in budgets and mobile and digital commanding such a steep price, can banks or credit unions charge a direct fee for digital services? they ask. “ is another one.

Austin 40

Austin Customer Experience Data Retail 40

Independent Banker

FEBRUARY 24, 2016

Curry offers a brief update about a few current regulatory issues on his mind, including his agency’s concerns about signs of growing credit risk throughout the banking industry. Having said that, I believe very strongly that community banks have a bright future, and they don’t need to ease or lower their standards to build market share.

Community Bank 70

Community Bank Community Regulation Compliance 70

Gonzobanker

DECEMBER 22, 2014

We are seeing it show up lots of places, it’s real and it’s great for this industry. That’s one helluva move up. Cornerstone: Okay, let me back up a second. We could hand you a load of bull about skewering the guilty and praising the exalted, etc., but let’s just dive into it! THE BANKING AWARDS. Buena suerte, Bradley!

Los Angeles 101

Los Angeles Apple Risk Management California 101

CB Insights

JUNE 3, 2020

Wealth & Capital Markets. Most notably, Covid-19 is contributing to an explosion in e-commerce at the expense of physical retail. This shift is driving transaction volume to the payments companies behind online retailers and taking market share away from those serving physical retailers. Banking & Lending.

Lending 75

Lending Capital Online Marketing 75

Gonzobanker

AUGUST 31, 2015

Bankers spend 75% of their time during the new customer/account process on the computer versus building relationships. Let’s dig into the details for a minute and research the causes and solutions for each of these. CAUSE SOLUTION. The biggest reason is related to lack of system integration. The risk pendulum has swung too far.

System 60

System Tools Cards User Experience 60

William Mills

AUGUST 11, 2016

They discuss key insights from their article in the 2016 Bankers as Buyers Report titled, “The Payoff of Bank-Branded Mobile Wallets With Tender Reciprocity.” They authored an article for us for the 2016 Bankers as Buyers. ” For the full transcript of the interview, see below. Interviewer: Charlyne H. CM: Fantastic.

Branding 40

Branding Mobile Retail Strategy 40

Gonzobanker

DECEMBER 22, 2015

Sure, we bought some December options on west Texas crude at $100 a barrel, but it was only with a third of the 401(k)—plenty of time to make that up, right? It’s hard for any banker to avoid gulping at the sheer long-term performance of George Gleason II and his team at the Bank of the Ozarks. ” – Tom Armstrong. That’s two.

Community Bank 60

Community Bank Apple Community Technology 60