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As big banks try to win over customers with digital upgrades that resemble slick user interfaces from fintech startups, communitybanks are looking at new ways to keep pace with customer expectations. Radius Bank, a one-branch Boston-based communitybank with $1.2
The combination would create a Northeast regionalbank with nearly $24 billion of assets. It would rank as the eighth-largest bank in the Boston metropolitan area by deposit market share.
Cross River Bank. Though not venture capital, the private equity raised for New Jersey-chartered communitybank Cross River Bank is noteworthy not only for its impressive price tag of $100 million, but for its reflection of investors’ support for financial institutions that collaborate with the tech startup scene.
Newfangled mobile capabilities could help communitybanks stand apart from their competitors. And most of the remaining one-quarter of communitybanks that the Boston Fed surveyed that didn’t yet offer a mobile banking service had planned to offer these baseline features and functionalities by 2016.
Newfangled mobile capabilities could help communitybanks stand apart from their competitors. And most of the remaining one-quarter of communitybanks that the Boston Fed surveyed that didn’t yet offer a mobile banking service had planned to offer these baseline features and functionalities by 2016.
With wire fraud on the rise, communitybanks have to step up precautions to protect themselves and their customers. They have the money and, in theory, they are vulnerable,” adds Terri Sands, director of payments and fraud prevention for State Bank & Trust in Atlanta, a $3.3 billion-asset communitybank.
“It’s becoming more and more important for communitybanks to emphasize that they have the same products and services as large banks.” Eric Morse, Needham Bank. Mental cobwebs of outdated perceptions can sometimes be hard for a communitybank to shake off. Boston native. Lifelong Boston Bruins fan.
While my colleagues were spread out across the US covering conferences in Boston, New Orleans, and other locations, I spent four days in beautiful Barcelona covering the Temenos TCF 2016 Conference , followed by another three days in sunny Orlando covering the FIS Connect 2016 Conference.
State Street in Boston is on the hunt for a new chief financial officer. Michael Bell, 52, has decided to step down within the next year the custody bank said on Thursday.
Fallout from recent global events presents an obstacle to generating revenue for communitybanks. It’s certainly an interesting time to be a communitybank, but there are still plenty of ways to make efficiencies with an eye on profitability. ? But one of the biggest problems in communitybanking today is a fear of risk.
Many hotels and other hospitality businesses haven’t fully bounced back from COVID-19 travel and safety restrictions, but communitybanks have been by their side through the challenges. MainStreet Bank has a sizable hotel loan portfolio with roughly $100 million in loans on 15 properties. Sushil Patel, State Bank of Texas.
The merger of equals activity in 2021 was sky high, primarily because banks with pinched margins from low rates worked to grabbed scale. From nowhere, sizable regional players are being created. Bank Merger of the Year. Performance and multiples continue to be solid, outperforming most regionalbanks. You tell us.
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