Jeff For Banks

JULY 5, 2022

First Internet Bank in Indiana was founded in 1998. And a branch, on average, cost about 1% of deposits in direct operating expenses. And oh by the way, it cost another 1% to support the operating expenses of support functions back at headquarters. Build a positive culture with operating discipline.

Millennials 78

Millennials Community Pennsylvania Meeting 78

Jeff For Banks

MARCH 27, 2010

First Internet Bank of Indiana is primarily a pure Internet play that does not enjoy the same brand splash as ING. It operates in densely populated areas, attracting large amounts of CDs per branch utilizing aggressive pricing. At first, it was a pure Internet high cost money play. Jeff BancVue’s comment letter to the FDIC [link].

Indiana 60

Indiana FDIC Strategy Regulation 60

Gonzobanker

MAY 12, 2020

As bankers re-open, this might be the opportunity to accelerate efforts to create new go-forward delivery operating models. The opportunity cost of limited historical focus on digital account opening within community FIs is still unknown. billion, Indiana, Pa. What does this do to channel planning? We could not say it better.

Trends 133

Trends ATM Survey Tampa 133

Jeff For Banks

DECEMBER 7, 2019

billion in assets community bank with 22 branches that encircle the Seattle Sound. Founded in 1980, Plumas Bank is a full-service community bank headquartered in Quincy in Northeastern California. The bank operates thirteen branches, eleven in northern California and two in Nevada. (NASDAQ: FSBW) FS Bancorp, Inc. They are a $6.2

Indiana 60

Indiana Oregon South Dakota Community Bank 60

Jeff For Banks

SEPTEMBER 10, 2011

Last post was dedicated to the #5 Bank, German American Bancorp of Jasper, Indiana (see post here ). Bank of the Ozarks began in 1903 as a small community bank in Jasper, Arkansas, and by 1937, included an additional bank in Ozark, Arkansas. I will review my top five in descending order.

Arkansas 65

Arkansas South Carolina FDIC North Carolina 65

American Banker

JULY 1, 2020

Neil Dauby, the company's chief commercial banking officer, will have oversight over all operations, reporting directly to Chairman and CEO Mark Schroeder.

Operations 65

Operations Report Company Indiana 65

Fintech Labs Insights

JULY 22, 2015

CoreIQ is a marketing automation system developed by Onovative that speeds onboarding and broadens cross-selling opportunities for community banks and credit unions. Headquartered in Jeffersonville, Indiana. “We bring data from all their systems and keep it behind their firewall. It’s part of the fun of being a startup.”

Technology 12

Technology Marketing San Jose Community Bank 12

PYMNTS

DECEMBER 4, 2020

Q3 operating profit hit $792 million, up from $254 million the previous year. The company further noted that it has made “continued investments to support and safeguard associates, customers and communities, nearly $1.3 He pointed to total company sales, which hit $29.7 Earnings per share (EPS) reached $.80, 80, up from $.32.

Puerto Rico 142

Puerto Rico Oklahoma Kentucky Indiana 142

Jeff For Banks

MARCH 5, 2021

Shouldn't the CFPB work to address the impediments to starting a bank in LMI markets rather than punish community banks who scrambled to serve their customers when the economy shut down? The operating cost is largely attributable to the distribution through the branch network and regulation. The edited Q&A is below.

Regulation 60

Regulation Indiana Charlotte Community Bank 60

CFPB Monitor

JUNE 18, 2019

Department of Justice announced last Thursday that it had reached an agreement with First Merchants Bank, an Indiana state-chartered bank, to settle the redlining lawsuit that the DOJ filed against the bank on June 13, 2019 simultaneously with a settlement agreement and agreed order.

Indianapolis 120

Indianapolis Lending Indiana Community 120