Effective succession planning is essential for the long-term success and sustainability of community banks. Expand your expertise regarding succession planning and discover the essential measures required to establish and successfully implement a triumphant succession plan within your organization.
Political subdivisions, such as cities, counties, school districts, and other government entities, can be a valuable source of deposits for banks. They typically have a steady stream of income, and they are required by law to maintain a certain level of liquidity.
The market has spoken, and the Fed has signaled a pivot. At least for now. The recent bond market rally and expected 2024 Fed cuts mean that the peak in deposit competition for this cycle is likely behind us. Now the question is, what lies ahead on the other side? The yield curve remains inverted and margin pressure is not going away in the short run. In fact, deposit rates lag on the way down just as they do on the way up. What will be your plan?
Community banks are searching for ways to increase core deposits and non-interest fee income. Treasury Management is the answer. By delving deeper into various Treasury Management services, you can provide added value to your business clients and prioritize the value they receive over features.
Community banks have long been advised that open banking is crucial for their survival. However, the information about how to actually implement open banking is frequently overlooked.
Community banks are currently grappling with the task of navigating the ever-evolving landscape of information security and cybersecurity. The level of sophistication in cyber-attacks is on the rise, and as technology continues to advance, community banking is also undergoing significant changes.
Leading market research firm, Avannis compiles two types of research: the "Best Community Bank to Work For" study sponsored by Independent Banker, and customized climate research for ICBA banks.
In today's digital age, where financial transactions have become increasingly convenient and quick, it is crucial to be aware of the various fraudulent schemes that can compromise the integrity of check transactions.
To achieve substantial growth in deposits, the most effective approach is to tap into the impactful and memorable customer experiences of your business development team. By leveraging these stories and relationships, you can build trust and attract more business, which in turn leads to the creation of additional relationships and stories that can be utilized to reach an even wider customer base.
In today's rapidly evolving digital landscape, community banks face increasing challenges in mitigating the risks of fraud and cyber-attacks. Traditional compliance standards alone are no longer sufficient in safeguarding against cyber threats.
A strong data strategy is crucial for any modern business, especially in the banking sector. It allows organizations to harness the power of data to make informed decisions, facilitate daily operations, and even drive strategic acquisitions.
Community bank staff must carry-out numerous processes and procedures that involve repetition, review, approval, and communication. By incorporating intelligent automation into these workflows, the occurrence of errors and unnecessary auditor discoveries can be significantly reduced.
USDA projects net farm income down, tighter margins and lower government payments. Combined with potential weather issues and stiff competition from Brazil and other countries, and global unrest, there will be significant challenges for ag lenders.
Hundreds of bankers in the agricultural industry are turning to Farmer Mac's strategies and financial tools to navigate the current landscape of intense competition in the agriculture sector, marked by significantly higher interest rates and inflation.
CEO succession is a paramount duty for bank boards. It is imperative that community banks prioritize and proactively plan for this significant responsibility to safeguard their future.
In the fast-paced financial environment of today, it is crucial for bank boards and owners to possess effective strategies to provide liquidity to shareholders and maintain independence in order to avoid a forced sale.
The Inflation Reduction Act tax credits, along with upcoming changes to tax rates, the possible elimination of 199A, the Employee Retention Tax Credit (ERTC), and the question of whether banks should be structured as S corporations or C corporations are all topics of great importance in the world of taxation.
Community banks face numerous challenges that require a deep understanding of corporate governance best practices. Enhance your operational efficiency, mitigate risks, and achieve long-term sustainability with discussions of the most effective strategies for corporate governance and delve into the crucial aspects of risk measurement, management information systems, and incentive compensation.
In today's economic climate, where funding sources are scarce and valuable, financial institutions find themselves facing the challenge of making the right decisions when it comes to their lending strategies and credit portfolios.
