Tag: community banks

May 17, 2023

In the weeks following Silicon Valley Bank’s downfall, the 25 largest U.S. banks experienced a $120 billion increase in deposits, according to the Federal Reserve. Meanwhile, the nation’s midsize and community banks saw deposits fall by over $108 billion during […]

September 13, 2022

One set of attributes for effective bank directors, especially as community banks navigate a changing and uncertain operating environment, are curiosity and inquisitiveness. Providing meaningful board oversight sometimes comes down to directors asking executives the right questions, according to experts […]

May 10, 2022

Community banks find themselves in a high-pressure lending environment, as businesses rebound from the depths of the pandemic and grapple with inflation levels that have not been seen for 40 years. This economic landscape has created ample opportunity for growth […]

December 15, 2021

All banks need to prepare now for inevitably more change. As the year draws to a close, a quick look back provides some insightful clues about the road ahead. There are some trends that are well worth watching. Changing Customer […]

August 30, 2021

The guide acknowledges the growing number of community banks using third-party fintechs to supplement and enhance their services, and says the pairings can lead to increased efficiency and reduced costs, “all bolstering competitiveness.” The partnerships, however — which many community […]

August 10, 2021

Community banks are under pressure from the latest apps or start-ups that attempt to lure customers away with features that they may lack: cutting edge technology, international capabilities and a digital-first approach. However, much less attention is focused on where […]

June 4, 2021

Synctera’s ability to haul in so much money probably has something to do with the marquee Silicon Valley name leading the company, CEO and co-founder Peter Hazlehurst, who headed ride-hailing company Uber’s management of global money flows. He left last […]

January 14, 2021

The gradual rollout was meant to give smaller institutions an early advantage in accessing the $284 billion shuttled to PPP through a coronavirus aid bill signed Dec. 27. But the timeline gives community banks and credit unions one business day […]

September 9, 2019

Community banks should look for ways to make their digital banking experience stand out for consumers in the face of increasingly commoditized offerings. Most community banks in the United States are focusing on enhancing the digital experience for their customers, […]

November 29, 2018

It’s noon. You’re halfway through your road trip, miles of highway behind you and your stomach tells you its lunchtime. Your passenger asks Siri for directions to the nearest McDonald’s. From the restaurant’s mobile app, he orders two No. 3 […]

May 18, 2018

For most banks under the $20 billion asset threshold, blockchain technology—the distributed ledger—will be a tool like every other technology tool. Banks under that size will be provided that tool by established providers or very large institutions and the tool […]

April 20, 2018

If you have seen as many cycles in the bank industry as Eugene Ludwig, founder and CEO of Promontory Financial Group and a former comptroller of the currency, you know the time to be most vigilant is not when things […]

February 1, 2017

To say the bankers, consultants and attorneys gathering in Phoenix this week are optimistic about the future of banking is an understatement. In a quick poll taken Monday afternoon at the Bank Director: Acquire or Be Acquired Conference, 78% of those […]

May 11, 2016

In my work advising community banks on capital and liquidity issues, one of the more common concerns I encounter is how to deal with a changing shareholder base. As existing shareholders age or pass away, they are bequeathing their stock […]