Academy Bank’s Post

“Since starting to use ClearBank, our self-serve offer to members has been transformed. Being able to offer members access to their savings 24/7 has been transformational for how we serve our customers. Everything just works,” Mandy Wilcock, Chief Operating Officer, Manchester Credit Union. Read our latest case study to discover how Manchester Credit Union has seen a 30% growth in members, improved operational efficiency and enhanced its services with ClearBank. 📈 https://lnkd.in/e_KusMjm

Here’s how ClearBank is helping Credit Unions achieve operational efficiencies and delivering superior customer experiences to their members.

Delighted to announce MCBank recently joined the Bankers Helping Bankers Fund! MCBank traces its roots all the way to 1888 when banking was limited to the community in which you lived. Started as a “private bank”—a bank opened to serve a community, with no official charter, Trent State Bank opened with $4,168 in deposits. That status changed in 1908 when the Texas State Legislature passed a law, making state charters available for all banks. Trent State Bank applied for and was granted Charter No. 369—the charter is still in use today. Fast forward through the years, and the bank went through various transformations. New branches were built, numerous presidents proudly lead the bank, the bank name was changed to Mills County State Bank, and new locations were opened. New methods of banking were introduced, ensuring the bank could compete and thrive in a fast-changing industry. MCBank strives to play a vital role in supporting its local economies, fostering personal connections, and addressing the distinctive needs of individuals, families, and small businesses.   The bank’s first acquisition was in 2012, and a second acquisition soon followed in 2013, with the purchase of First National Bank of Hico. This gave the bank a presence in the Hico market, extending the bank’s footprint to reach new customers. In 2019, the bank took another transformative move, introducing a new look and a new name: MCBank. With a nod to its past, the new look unified the bank’s name and presence in all its markets, preparing for future growth and future generations of customers.   Throughout its history, MCBank has remained faithful to its mission: community-invested, integrity-driven, strong and secure, and committed to unparalleled personal service. Today, the bank’s robust digital capabilities, along with its employees who are deeply embedded in their communities, provide a foundation for continued growth.

PeoplesBank is expanding and stronger than ever. Learn more about our thriving growth in this The Hartford Courant Connecticut Expansion article. #BankAtPeoples #PeoplesBank #RealSimpleBanking

Republic First Bank, a Philadelphia-based financial institution, has been seized by U.S. regulators and is set to be sold to Fulton Bank. Key details: 📍 This marks the fourth major regional bank failure since last spring. 📍 Deal allows Fulton to expand in Philadelphia without excess regulatory scrutiny. 📍 Fulton Financial to rebrand all Republic First branches. 📍 Republic First had approximately $6 billion in assets at closure. 📍 FDIC estimates the bank's failure to cost the insurance fund $667 million. 📍 Most Republic First deposits were uninsured, exacerbating its instability. Why This Matters: 📍 The takeover may stabilize regional banking conditions in the Philadelphia area. 📍 This event could prompt tighter regulatory scrutiny on banks with similar profiles. Insights: 📍 The acquisition could strengthen Fulton's market presence but raises concerns about the health of regional banks under prolonged economic pressures. Impact: 📍 Investors and customers of regional banks should closely monitor the financial health and regulatory compliance of these institutions. #Banking #Finance

CBC Bancorp, the holding company for Commercial Bank of California (CBC), announces it has entered into a definitive acquisition agreement with Bay Community Bancorp (OTC Pink: CBOBA), the holding company for Community Bank of the Bay (CBB). Under the terms of the agreement, CBC Bancorp will acquire Bay Community Bancorp in an all-cash transaction valued at $14.00 per common share. This acquisition merges institutions from two of California's largest banking markets, resulting in approximately $3.5 billion in combined assets. "The alignment of our two institutions will create a unique banking franchise that better serves our employees and clients," said Ash Patel, chairman of the board, CEO and President of Commercial Bank of California. "Once we combine our two reputable banking platforms, it will create a transformative business bank with expanded product offerings driven by the purpose to serve our communities across California." "This transaction brings together two complementary institutions with long standing ties to their communities, similar cultures and a relationship-based approach to banking," said William S. Keller, CEO of Community Bank of the Bay. "One of the many benefits of this combination is that the combined bank's greater scale will allow for increased investments in products and services that will directly benefit our clients and enhance productivity. This is the right move for the future of both institutions and we're excited to work together." Learn more at https://lnkd.in/gMtxYczw. #CDFI #BankCBB #CommunityBank #supportlocal #CommercialBankofCalifornia

How do we validate our financial institution's strategy in acquiring term deposits? Traditionally, it's been hard to get an objective answer.  Some will demand LOW COST, yet others proclaim GROWTH. When measured alone either of these are faulty in defining success. Today, we're announcing a benchmark to address this challenge – The Term Funding Profit Benchmark, or TFP Benchmark – to help you gain greater control over measuring term deposit acquisition performance. The TFP Benchmark addresses significant challenges obscuring deposit performance assessments by: - Providing a complete picture of both deposit pricing and volume - Remaining independent of returns provided by assets - Applying to any institution, no matter its asset size - Defining profit based on comparisons to objective and public data, such as Federal Home Loan Bank advances We welcome thoughts about this new benchmark from industry experts and all practitioners including Glenn Grossman, Dale Sheller, Ryan Hayhurst, Keith Reagan, Justin Bakst, Darnell Canada, Joe Kennerson, Omar A. Hinojosa, CFA, Gary L. Svec, CPA, Michael Ritter, Preston Afrank, Brad Resnick, Alisha Crafton, Connie Loveland, and Tom Grottke. You can receive the benchmark results each month – for free – by signing up at https://lnkd.in/gcrhPFTk. What did high-performers' cost of funds look like in March? Read our coverage at https://lnkd.in/gTUUn_9B

My friend Neil Stanley is dropping knowledge like it’s hot! 🔥 And this time he’s arming financial institutions with a free way evaluate term deposit acquisition performance. I highly recommend following Neil for useful tools & insights like this & much more!