South State Correspondent

MAY 18, 2022

In two recent articles, we reviewed the banking industry’s deposit behavior with regard to cost of funding earning assets (COF) ( HERE ), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle ( HERE ). A graph for SouthState Bank appears below.

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Community Bank Community Analysis Industry 195

Jeff For Banks

MARCH 21, 2024

Our lives changed forever from this whole experience of the government’s declaration of a national emergency, leading to forced shutdowns of businesses and schools, mandated mask wearing, forcing 6-foot distances between people, travel restrictions, fear mongering with case and death counts, and forced vaccines/boosters.

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Marketing Policies Report Atlanta 143

South State Correspondent

NOVEMBER 29, 2023

One of the lessons that was driven home at the recent American Banker Small Business Banking Conference in Nashville was the difference in marketing between large national banks and community banks, particularly deposit marketing. Many banks fall into the “recency trap.”

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Marketing Regional National Nashville 195

South State Correspondent

MAY 9, 2022

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.

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Community Bank Community Industry Online 195

Independent Banker

DECEMBER 31, 2022

While the pace of bank regulatory changes has diminished from a few years ago, several issues will either become effective or likely develop in 2023. Community banks must continue to stay focused on regulatory discussions and remain nimble to respond to proposals and address requirements quickly and accurately. Evolving risks.

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Compliance FDIC Community Bank Community 100

PYMNTS

OCTOBER 6, 2020

billion people – will likely be using online and mobile banking services by 2024. Add in generational preferences for digital products, as well as the stricter regulatory requirements and oversight that national banks face, and it becomes clear that the effort to refresh big, old banks will be no easy task.

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Digital Banking ATM Mobile Atlanta 256

South State Correspondent

SEPTEMBER 20, 2023

We have also included the IBIS World 2024 risk ratings to provide some context for the credit and operating risk of the counterparty. National and regional banks control 70% of the cash management market, yet most cash management customers choose their bank because of service.

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Management Survey Industry Community Bank 195

South State Correspondent

MARCH 21, 2023

The need for a known, reliable brand creates an excellent opportunity for community banks to help small business customers while building deposit balances. The ERC filing deadline is October 2024. As such, like PPP, this would be a limited product for any bank. Lockbox: The customer receives checks from the IRS directly.

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Taxes Community Bank Community Operations 195

Gonzobanker

JULY 11, 2024

Halfway through 2024, most banks and credit unions have settled into the current environment— for better or worse. Secure the future deposit base through youth banking Over the past decade, community banks and credit unions have witnessed a concerning trend: their customer bases are aging faster than the national average.

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Strategy Analytics Tools Digital Banking 140

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. Expect more deals to be announced in 2024.

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Fintech Community Regional Technology 190

South State Correspondent

OCTOBER 25, 2023

We predict that banks will realize this at the end of 2024 and become more proactive in moving their customers off checks and onto ACH and instant payments. Checks will become too costly for the household, business, and bank to process. This is the Rubicon in check processing. At this point, checks become almost cost-prohibited.

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Fraud ATM Payments Management 195

Jeff For Banks

NOVEMBER 3, 2023

And looking ahead to the 2024 Presidential Election, they clearly would want to be on the sidelines. Mortgage rates are now close to 8.00%; affordability is at its lowest point since 1989, according to the National Association of Realtors. Dorothy has been with Penn Community Bank and its predecessor since November, 2004.

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Marketing Community Bank Policies Community 83

American Banker

NOVEMBER 22, 2016

Huntington Bancshares in Columbus, Ohio, said it plans to add 1,000 jobs by 2024 at a new office complex in Columbus and lend $300 million to low- and moderate-income communities in the city over the next five years.

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Columbus Lending Ohio Community 28

Fintech Labs Insights

AUGUST 22, 2024

Europe 2024 (London): Corsound AI: AI company advancing in sound recognition technologies, expanding market reach, receiving favorable industry reviews and increasing investment interest. UBank (by National Australia Bank): Continued innovation in digital banking services. SAVVI AI : Raised $5.6M

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San Francisco New York San Jose Tools 15

Jeff For Banks

MARCH 5, 2022

Investors have seen this movie before and are fearful of recession in 2023 or 2024. The federal stimulus also drove our national debt levels to over $30 trillion, or 123.4% Dorothy has been with Penn Community Bank and its predecessor since November, 2004. Credit spreads have begun to widen. Nominal GDP was +10.6%

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Marketing Policies Community Bank Community 78

Gonzobanker

JULY 25, 2024

A recent Wall Street Journal nailed the title— Main Street Banking Model Is Being Squeezed —but missed the mark on the cause. Commenting on the Q1 2024 profit declines for many community and regional (i.e., ” National providers—banks, fintechs (e.g., The savior? Getting there won’t be easy.

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Community Bank Community Lending Maine 135

South State Correspondent

JULY 29, 2024

However, we would like to identify one important macroeconomic variable that will affect the banking industry regardless of the makeup of the legislative and executive branches of the US government. Regardless of who wins, our national debt will continue to increase, and community banks should be prepared for its consequences.

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Community Bank Community US Taxes 195