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With mortgage rates down in the US , many homebuyers are looking locally to their communitybanks to finance their new, potentially life-changing purchase. In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which communitybanks were making an impact on local mortgage lending.
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 communitybanks, particularly deposit marketing. Many banks fall into the “recency trap.”
Building out the ever-important treasury management suite, targeting deposit-rich customer segments, and creating new savings products are all examples of how banks can build deposit balances at low cost, low-rate sensitivity, and high deposit convexity. Lending Focus – Interest Rate Sensitivity and Credit Accuracy. Conclusion.
The Indiana bank is "on offense by continuing to invest in new client-facing and key support talent and being ready and opportunistic for acquisitions," CEO Jim Ryan says.
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?
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. Sounds like a cool strategy to build a smarter bank.
million gets the vaunted consumer lender a much-prized bank charter, low-cost deposits to juice current earnings, and a business lending capability to drive future growth. Goes to Larry Mazza and the crew at MVB Bank in West Virginia. Goes to Eric Sprink, Coastal CommunityBank , Everett, Wash. 82% to over 2.3%
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