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How National Banks Are Poaching Loans and Deposits

South State Correspondent

The CLO was lamenting how he was losing quality loans and deposits to three aggressive national banks in the territory. We looked at the term sheet offered by the national bank and pointed out the strategy that this national bank was deploying and how the community bank could respond. Last week we spoke to a $1.2B

National 195
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How To Do Better Against National Bank Lending Competition

South State Correspondent

Many existing community bank customers and prospects are also national bank customers. There are now many online, nationally-focused lenders that are capable of an entire virtual relationship. Conclusion Community banks should not try to be national or regional banks.

National 195
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Driving Inclusion Through Effective Communication: 5 Strategies for Financial Leaders

Jack Henry

As we celebrate National Diversity Awareness Month, I want to talk about the positive impact leaders can have on DEIB within their organizations. Diversity, equity, inclusion, and belonging (DEIB) are more than just buzzwords ; they are essential components of a successful and sustainable business.

Strategy 158
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Digital and human: Inside BofA’s small business strategy

Bank Innovation

It’s a strategy that’s yielding results for the bank. As of this year, Bank of America said it surpassed Wells Fargo as the nation’s top small business […]. However, for Bank of America, a “human-digital” approach is the cornerstone of its small business banking approach.

Strategy 253
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OCC Provides Roadmap for National Banks and Savings Associations To Conduct Crypto Activities

Perficient

The Office of the Comptroller of the Currency (“OCC”) issued a letter (1179) that national banks and federal savings associations must demonstrate that they have adequate controls in place before they can engage in cryptocurrency, distributed ledger, and stablecoin activities.

National 294
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A Checklist For Any Bank Considering a Payment Strategy

South State Correspondent

Payments are such a central part to banking and are now undergoing such a radical change that all banks have an opportunity to reclaim transaction market share back from the card networks, card processors and even national banks. Below, we highlight our ten considerations when developing a payments strategy.

Strategy 191
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CRE focus 'unsustainable,' Valley National CEO says in strategy shift

American Banker

The New York-based bank says it will push its concentration of commercial real estate loans below 400% of risk-based capital over the next two years and focus more on C&I.