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Banks should know these 5 Traits of Millennial business owners

Abrigo

Everywhere you look, it seems, there are articles about Millennials: Millennial workers, Millennial customers, Millennial homeowners, Millennial voters. And banks and credit unions looking to grow business loan portfolios , especially, can benefit from insights into Millennial entrepreneurs.

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Walden Mutual aims to serve New England’s food community

Independent Banker

As the first mutual bank to open in decades, Walden Mutual Bank is gearing up to support New England’s farmers, food service industry and sustainable food community. submitted its application to the FDIC at the end of August with the intent to serve New England’s local and sustainable food community with a bank owned by its depositors.

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Why Goodwill Regions Are Tapping Into Digital Marketplaces

PYMNTS

To bring their merchandise in front of millions of shoppers through eCommerce, several Goodwill regions are teaming with mobile marketplace OfferUp. With the tie-up, the items are listed under handles for regional Goodwill locations. Shoppers can then buy products that can be picked up at a local store or delivered to them.

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How Brick-and-Mortar Banks Can Seize The Digital Moment

PYMNTS

Local and regional banks may have once been more insulated from these trends than other businesses since they are often trusted names within their communities and maintain long-standing relationships with their customers. percent of local and regional FI cardholders that report the availability of this feature. For example, 90.3

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How to Attract Multiple Generations to Open New Accounts and Apply for Loans

Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers. How are Gen X, Millennials, and Gen Z defined? The experiences of every generation are characterized by their behaviors involving finances.

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How To Compete With Banks: Start With First Principles

PYMNTS

That said, some banking-like providers appear to be closing the primary banking services gap, particularly regional banks and credit unions (CUs). Ninety-two percent of consumers count their primary bank as either a national bank, regional/community bank or credit union. Seven percent (7.4) percent) or PayPal (3.2

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The Impact of Mobile Card Apps On FI Customer Retention

PYMNTS

Community banks and credit unions are feeling the pressure to boost their digital card services or risk losing customers to megabanks and digital challengers, Ondot Systems ’ Chief Strategy Officer Todd Lesher told PYMNTS in a recent discussion. FinTech players are also grabbing deposits. Square announced $1.3

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