The Financial Brand

OCTOBER 14, 2024

This article Chase Amps Up Its Community Banking Push. Can Other Brands Compete? appeared first on The Financial Brand. This article Chase Amps Up Its Community Banking Push. Can Other Brands Compete? appeared first on The Financial Brand. appeared first on The Financial Brand.

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PYMNTS

FEBRUARY 15, 2018

For community banks serving small- to mid-sized businesses (SMBs), training an eye on credit cards can translate into additional revenue streams and tap into an unmet need for those SMBs. Kearney found 26 percent of small business cardholders have community banking relationships in place. There’s a lot of runway here.

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South State Correspondent

OCTOBER 29, 2015

It has been said that community banks are not doing enough to differentiate themselves and are not properly segmenting their markets.

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The Financial Brand

NOVEMBER 1, 2024

This article More Community Banks Tap Treasury Management for Non-Interest Income appeared first on The Financial Brand. Getting started in treasury demands clear focus on business customers' needs and hiring the right people — often from other banks.

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South State Correspondent

SEPTEMBER 30, 2024

In Q2/24 the average return of asset (ROA) for community banks (under $10B in assets) was 1.08%. But within the community banking sector, performance varied among banks significantly and a large swath of banks need to improve ROA. of community banks reported negative ROA. Another 16.2%

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The Financial Brand

DECEMBER 3, 2024

This article How a $1 Billion Community Bank Outperforms Industry Giants appeared first on The Financial Brand. Webster Five's retail banking chief shares how smaller banks can leverage technology partnerships and community focus to compete effectively with larger institutions.

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The Financial Brand

OCTOBER 28, 2024

This article How This Community Bank Tripled Loan Volume Using Smart Automation appeared first on The Financial Brand. Evans Bank’s journey from manual loan processing to instant decisioning highlights how community banks can modernize lending while maintaining strong risk controls.

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Independent Banker

MARCH 31, 2022

A secure, open-loop, cost-saving, customer-accessible, multiplatform P2P payments network might sound too good to be true, but community bank consortium Alloy Labs Alliance hopes to achieve just that with the CHUCK payment rail. Julieann Thurlow, CEO of $730 million-asset Reading Cooperative Bank in Reading, Mass.,

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ABA Community Banking

OCTOBER 23, 2020

Go on the offensive on social media and take advantage of creative branding opportunities, as well as provide clear communications to your team members and clients. The post Keeping Your Brand in a Safe Position During the Pandemic appeared first on ABA Banking Journal.

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PYMNTS

DECEMBER 14, 2017

It is important to note that 214 banks, excluding the top 25, participated in the Bank Innovation Readiness Index survey. These comprised regional banks, smaller commercial banks, community banks and credit unions, the majority having assets between $500 million and $5 billion.

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South State Correspondent

JUNE 25, 2024

In a previous article [ here ] we discussed why community banks need product managers to ensure that financial products and services are effectively developed, launched, and managed to meet customers’ evolving needs and the bank’s risk and profitability goals. Not all customers are the right fit for the product.

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Independent Banker

APRIL 30, 2021

Other research supports this statement: Brands recognized for high commitment to purpose have grown at more than twice the rate of others. Thankfully, community banks have been way ahead of this trend, having clarity of purpose from the moment we came into existence. We are here to serve our communities.

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PYMNTS

MARCH 26, 2020

To regain some of that ground, Connie Davis, senior vice president at FIS , told PYMNTS in a recent interview, FIs — particularly credit unions (CUs) and community banks — must transform the way they think about digital offerings and connected experiences. That means they can compete more effectively against digital-only competitors.

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South State Correspondent

OCTOBER 16, 2024

If you are not writing checks (and fewer customers are these days) and your bank does not have its credit card program in-house, then it is likely that your debit card is the only physical manifestation of your bank outside of the mobile app. Preparing for the Future of Interchange The debit card is a banking workhorse.

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ABA Community Banking

SEPTEMBER 27, 2021

The American Bankers Association honored six banks today with its Brand Slam awards for bank marketing, judged by a panel of 73 Certified Financial Marketing Professional volunteers. The post ABA Honors Six Banks With Brand Slam Marketing Awards appeared first on ABA Banking Journal.

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Independent Banker

MAY 31, 2022

Josh Prejean (right) of Bank of Zachary, here with mortgage client David Rozas, says community banks must compete through customer service. We look at how community banks can counter nonbanks’ offerings through streamlined technology, customer service and other strategies. Josh Prejean, Bank of Zachary.

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Abrigo

JUNE 4, 2024

Panelist Roxanne Chance-Chin , BSA Officer at the Bank of Tampa, urged financial institutions to stay alert to the cumulative effects of economic cycles and be prepared for potential rapid shifts in credit quality. The panel addressed the negative perception of compliance in community banking, advocating for a shift in perspective.

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PYMNTS

DECEMBER 3, 2020

Wintrust Financial Corporation has selected global enterprise technology provider NCR Corporation to provide its new digital-first banking platform, according to a press release.

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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. Community banks can now white label this same product to onboard and process employee retention tax credits for the bank’s small business customers AND prospects.

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South State Correspondent

MAY 1, 2024

For inspiration in banking innovation, we often look to other industries. Honkook Kim and his Gentle Monster Brand is a perfect example. With financial hardship, competition from dominant players, and a startup budget, Gentle Monster faced many of the same challenges as a community bank.

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The Financial Brand

NOVEMBER 26, 2024

This article Community Banks Remain Troublingly Vulnerable to Third-Party Cybersecurity Risk appeared first on The Financial Brand. As digital transformation advances in the banking industry, risks from technology and business partners multiply.

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Independent Banker

OCTOBER 31, 2021

How Americans bank has been changing for years, including how they start their banking relationships. Offering the ability to open an account online can be one way to reach customers who are unable to join your community bank in person. In 2019, the two merged brands again under IncredibleBank.

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PYMNTS

MARCH 15, 2019

Community bank Patriot National has hit a regulatory roadblock in its plans to launch a Small Business Administrative platform, but reports in American Banker on Thursday (March 13) said the financial institution remains undeterred by the challenge. Hana is one of the largest SBA lenders, facilitating $96.6

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The Financial Brand

DECEMBER 16, 2024

This article Community Banks Face Perfect Storm of Cybersecurity, Regulatory and Funding Pressures appeared first on The Financial Brand. A new CSBS survey reveals community banks caught between innovation and risk as they face rising cybersecurity threats, regulatory pressures and funding challenges.

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Jeff For Banks

APRIL 9, 2019

I ask and ask and ask: what does brand get you? Forbes calculated brand value in their " World's Most Valuable Brands " by taking anything that a company achieves over an 8% return on equity. Driving ROE higher, but hardly due to its brand. Which is probably why the first bank on their list is ranked 43rd.

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Jeff For Banks

NOVEMBER 4, 2017

Perhaps there is little evidence of the benefit of your 100-year brand, so it's a difficult argument to make. In more recent merger discussions, however, I have heard more refreshing arguments that it is not necessary to re-brand every nook and cranny of your bank into one.

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PYMNTS

NOVEMBER 18, 2020

It is also announcing a new partner in Daylight, a digital bank working with Visa and Fast Track to recreate a community bank concept digitally. An example of one such Fast Track FinTech is Daylight — a neo-bank designed to redefine the concept of community banking in the digital age.

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ABA Community Banking

OCTOBER 19, 2020

The American Bankers Association honored seven banks today with its Brand Slam awards for bank marketing judged by a panel of 124 volunteers with Certified Financial Marketing Professional credentials. The post ABA Honors Seven Banks With Brand Slam Marketing Awards appeared first on ABA Banking Journal.

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Jeff For Banks

MARCH 27, 2019

So, if you are asking, “what does brand get you?”, Ask the Experts My firm is not a marketing or branding firm. We leave that to the able hands of folks like Tim Pannell of Financial Marketing Solutions , a recent This Month in Banking podcast guest. Tim had great insights for banks on brand. Is brand worth it?

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Independent Banker

FEBRUARY 28, 2023

Working hand in hand with digital transformation, data provides a powerful tool for community banks. Its accessibility, readability and applicability in today’s digital-first environment has enhanced community banks’ ability to serve their customers, creating a heightened experience.

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South State Correspondent

AUGUST 8, 2022

Insights Based on 2Q Bank Earnings. Insight #1 – Deposit & Margin Management: Deposit runoff has started and will make it to community banks by October. For 2Q, larger community banks lost about 0.3% of their deposits, and small banks were either flat or continued to gain.

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PYMNTS

JANUARY 24, 2019

Zelle has outperformed Venmo with volume, but not with PayPal’s branded money transfers. Zelle’s growth has been boosted by a reliable influx of new banking institutions that have begun to use the service.

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PYMNTS

NOVEMBER 25, 2020

24) blog post , improving on last year's version that only worked with brands. Adobe is extending the parameters for its Real-time Customer Data Platform (CDP) offering to include B2B data and workflows, the company announced in a Tuesday (Nov.

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ABA Community Banking

NOVEMBER 25, 2024

We take a look at the power of bank jingles, past and present. The post Podcast: Memory, nostalgia and the power of sonic branding appeared first on ABA Banking Journal. Advertising jingles: corny or clever?

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Abrigo

MARCH 6, 2017

See a similar list for the accounting profession: 15 Twitter accounts every accountant should follow 5) @rajeshkan – Rajesh Kandaswamy, research director at Gartner Group, focuses on mobile banking, mobile and cloud payments, channel convergence, digital strategy, big data analytics and outsourcing.

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The Financial Brand

SEPTEMBER 15, 2023

This article Designer of ‘Real-Time Payments’ Tackles ‘Chuck’ for Community Banks appeared first on The Financial Brand. Payment Jedi' Peter Davey hopes to take Alloy Labs consortium members where no community bank has gone before. His mission? Launch Chuck.

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South State Correspondent

APRIL 19, 2023

As you set marketing plans and budgets, consider that just this simple act of outreach and branding increases the average life by about 2-4 months. This is one of the great mysteries of community banking. Almost every community bank touts its commitment to the relationship.

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