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Communitybanks tout themselves as better than national and regional banks because of how close they are to their communities. But this opinion ignores the generations of history many banks across our great land have built. When the bank opened in 1905, Hallstead was already a thriving community.
Multiple lenders filled leadership roles across the country, including National Bankshares in Virginia, while Peoples Financial in Pennsylvania said its CEO would step down.
Here, a tool like IBIS World comes in handy for setting bank strategy as you can look up any of the below industries to see their geographical dispersion. National and regional banks control 70% of the cash management market, yet most cash management customers choose their bank because of service.
Historically low interest rates and the recent poor economy highlighted the importance of leadership in communitybanking. At the consecration of the most storied battlefield in our nation''s history, Everett delivered a long-forgotten two-hour oration. In my opinion, he demonstrated three critical qualities of leadership.
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. billion bank in the Mid-Atlantic region.
Indeed, since the banking laws that were spawned from the Great Depression, banking has been stable, reliable, and boring. I know, my first job in banking in 1985 at Northeastern Bank of Pennsylvania was making microfiche. First Internet Bank in Indiana was founded in 1998. I'm bullish on communitybanking.
April kicked off Financial Literacy Month so we recently talked with Becky Stapleton, senior executive vice president and chief banking officer at S&T Bank, to learn about the various initiatives they host in order to promote financial literacy in their local community. Is there anything else you would like to add?
It is the Mountlake Terrace, Washington holding company for 1st Security Bank, a $1.7 billion in assets communitybank with 22 branches that encircle the Seattle Sound. Here's another bank that I'm happy to see on the list. It is the $888 million holding company for Plumas Bank. (NASDAQ: FSBW) FS Bancorp, Inc.
Groups in North Carolina, Pennsylvania and elsewhere are stepping up efforts to create programs and conferences dedicated to younger bankers, including millennials.
When negativity threatens to stall progress, some surprisingly simple “little tricks” can help resolve conflict and get employees more engaged, says Michelle Stacy, who spoke at a recent Pennsylvania Bankers Association conference.
” Sam Cooke Gonzo Nation, 2024 went by so fast that nobody had a chance to stop and think about what in the world was going on. CEOs Greg Mitchell and Shruti Miyashiro have teed up a $28 billion national digital-first consumer financial institution with a keen focus on pooling resources in digital, I.T. Let us pause and reflect.
GonzoBanker of the Year – Large Banks. Although all banks faced stock headwinds in 2018, we give the nod to William Demchak at PNC Financial Services. PNC made a Gonzo move with a national digital expansion in 2018 with the unique idea of building a small number of branches in target metro markets like Kansas City and Dallas.
Mergerama Region of the Year – The Midwest: Huntington-First Merit, Chemical-Talmer, Old National-Anchor … the list goes on. Acquisition of the Year – Guaranty Bank and Trust Company in Colorado for its acquisition of Home State Bank. A Gonzo communitybank being a leader and not a fast follower – that’s pretty cool!
Mergerama Region of the Year – The Midwest: Huntington-First Merit, Chemical-Talmer, Old National-Anchor … the list goes on. Acquisition of the Year – Guaranty Bank and Trust Company in Colorado for its acquisition of Home State Bank. A Gonzo communitybank being a leader and not a fast follower – that’s pretty cool!
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