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Recently, the American Banker hosted their annual Small Business Banking Conference in Nashville, and as always, it was one of the better banking conferences of the year. Increasing lifetime value was a common discussion with every bank. However, banks differed in how to get there.
This year, you’ve probably heard me say that ICBA is focused on three pillars: communitybank advocacy, education and innovation. As I put on three hats—consumer, community banker, and ICBA president and CEO (in no particular order)—I see three specific opportunities for innovation. Exciting, right?
. ————————————————————————— The ‘En Vogue’ Trend of the Year – Credit unions buying communitybanks. The bank’s strategy is laser-focused. Smarter Bank Individual Awards.
Not the financial industry’s “Troublemakers ” – those regional and communitybanks, 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. We’re watching 2024 with popcorn in hand.
Goes to Eric Sprink, Coastal CommunityBank , Everett, Wash. Eric has always been a student of innovation, and now at Coastal, this fearless leader has spearheaded a number of high-profile banking-as-a-service partnerships. Randy Stevens , CEO , First Farmers and Merchants Bank , Nashville TN. 82% to over 2.3%
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