November, 2011

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The Grand Mishandling of Strategic Projections

Jeff For Banks

'After nineteen years in financial services, I am finally witnessing the tide turn in bank and credit union strategic planning. What once was an annual budgeting exercise, is now beginning to take the more productive path of identifying and paving the way to the financial institution (FI) of the future. The one that makes clear either-or choices to ensure future relevance for their customers, employees, communities, and shareholders (if stock owned).

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The coming consolidation wave. for bank consultants.

Jeff For Banks

'Last year Millward Consulting merged with my firm. The combination gave Millward greater resources to serve clients, and my firm senior-level expertise to develop our talent, deepen our services, and expand our geography. At the time, I didn''t think much about a trend developing in bank consulting. A couple of months ago two other community bank consulting firms merged, Danielson Associates and Ambassador Financial Group.

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Book Report: HBR's 10 Must Reads on Strategy

Jeff For Banks

'A Written on the cover is a definitive statement made by an entity that has supreme confidence in itself: " If you read nothing else on strategy, read these definitive articles from Harvard Business Review." Wow. And while we''re at it, if you read no other blogs on banks, read Jeff For Banks. As much as I would like to believe it''s true, I would also have to believe that a higher authority is leading the Denver Broncos on their improbable run.

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Jeff For Banks 10 Thankful Things

Jeff For Banks

'I should be thankful every day. But I''m not. That internal negativity sometimes wins the day. I blame my internal wiring. Thanks to all of my ancestors for my genetic code. See! I AM thankful. But if I get better at improving myself, a never ending project mind you, here is where I have some pretty serious thankfulness: 1. I am thankful for my family.

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Thinking About How To Lessen Your Burden During Month-End Close? Skystem Can Help!

Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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Community Financial Institutions: Parking Lot for the Benjamins

Jeff For Banks

'The current market volatility has been with us for nearly three years. To resuscitate the economy, the Fed is doing everything possible to keep interest rates low through monetary policy. First dropping the Fed Funds rate to near zero, and most recently with Operation Twist designed to guide long-term rates even lower. The Euro Zone debt crisis and resulting lack of investment alternatives makes US Treasuries, as one economist put it, the "best house in a bad neighborhood".