Pub. 13 2024 Issue 3

Community banks have been looking for the perfect recipe to attract deposits in a market in which consumers and commercial customers continue to switch institutions in search of better rates.

The rapid pace of today’s financial services landscape pulls community banks in varied directions. You must balance technology upgrades with budgetary constraints and identify your bank’s pressing priorities. And as you look to evolve technology stacks, products and services to meet growing demands, I recommend keeping this point in mind: The best strategy is to invest in responsible innovation.

When a message is repeated, it’s likely intended to carry some weight. In this regard, the federal banking regulators have issued more than a “friendly reminder” by placing credit risk in the top examination priorities for the year. Additional emphasis was focused on assessing how banks are identifying and responding to credit risk as economic

In today’s digitally driven world, financial institutions (FIs) are constantly seeking innovative ways to enhance communication, engage clients, streamline operations and align delivery channels.

There is no more vital decision for a bank and its board of directors than who leads the organization. Yet leadership succession remains a growing challenge, as banks too often lack sufficient executive depth or proper succession planning.

Flexibility: It’s one of the characteristics that sets our community banks apart, enabling us to meet the needs of distinct communities in unique ways.