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How The Fed Will Impact Your Deposit Beta

South State Correspondent

In our previous article ( HERE ), we reviewed the banking industry’s cost of funding earning assets (COF), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle. Community banks with larger percentages of DDA balances will fare better. Influences on Deposit Beta.

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Popular Foundation Awards $216,000 in Grants to Nonprofit Organizations

PopularBank

Grants Will Benefit Communities Throughout New York, New Jersey, South Florida and Chicago. New York, NY – December XX, 2020 – The Popular Foundation , which is sponsored by employees of Popular Bank, has awarded a total of $216,000 to 23 nonprofit organizations serving communities throughout New York, New Jersey, South Florida and Chicago.

NJ 97
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Why Banks Merge: Listen to the Sellers

Jeff For Banks

September 2004, driving from a meeting in New York, on the grossly miss-titled Cross Bronx Expressway, Nathan Stovall, a reporter from SNL Financial gave me a call. The question: What was up with an upstate New York bank? My answer: The CEO was 67 years old and that would obviously be an impetus for a sale. He printed it as I said it.

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Retail’s Small Business Crisis

PYMNTS

The businesses that we track and profile in our Store Front Index — the home remodelers, salons, spas, small retailers, delis, coffee shops and restaurants that contribute to the health and vitality of the local communities — are not only declining, they’re not even getting off the starting blocks.

Retail 134
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Guest Post: Fourth Quarter and Year End Economic Commentary by Dorothy Jaworski

Jeff For Banks

In our region, the Philly Fed indices of business activity all turned negative in December, but, hey, higher rates will help, right? Dorothy has been with Penn Community Bank and its predecessor since November, 2004. Housing is volatile, especially at this time of year. Why is the Fed trying to slow down GDP growth of 1%?

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Guest Post: Financial Markets and Economic Update - First Quarter 2024

Jeff For Banks

ISMs and regional Fed surveys have been mostly negative for months on end. Dorothy recently retired from Penn Community Bank where she worked since 2004. The inverted yield curve persists and is at record times- 10s to 2s since July, 2022 and 10s to 3 months since October, 2022. GDP shows up as weak every other quarter.

Marketing 111
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Guest Post: Financial Markets & Economics Update by banker Dorothy Jaworski

Jeff For Banks

Our regional economy, covered by the Philadelphia Federal Reserve’s Third District, is doing well into the fourth quarter. Dorothy has been with Penn Community Bank and its predecessor since November, 2004. Bucks and Montgomery counties are close to that for September, according to Zillow, at +6.4% year-over-year, respectively.