Bancography’s Post

Opening a new branch can expand your community bank's footprint and bring in new customers, but are there risks, too? Here's some food for thought: https://lnkd.in/g3hDjBCU #independentbanker #communitybank #communitybanking

How should community banks compete in a crowded market? Prioritizing the right products is key! Explore the strategies that help local institutions stand out. #CommunityBanks #CCGCatalyst #BankingResearch Prioritizing Products at Community Banks: Tyler Brown https://lnkd.in/gxdMEKYc

"Community banking plays an important role in fueling the local economy, according to Andrew Ryback, president and CEO of Plumas Bank." Learn more about how using community banks is "just like shopping locally" in this article from The Plumas Sun. #CommunityBank #SupportLocal #Community #Nevada #California https://lnkd.in/gNvNvKrb

#underserved #financialinclusion #dei Very interesting - for years banks pulled out of low-income communities creating “banking deserts” and voids. This article indicates a plan for 75 locations. It will be interesting to see of other banks follow.

Bank of America is embedding itself deeper into local communities, fostering trust and loyalty among customers. These branches are more than just places to conduct transactions; they become integral parts of the community, supporting local businesses and contributing to economic growth. Bank of America's decision highlights a nuanced understanding of customer needs and market dynamics. This strategic expansion raises an intriguing point for the future of banking – how will other financial institutions respond to the evolving preferences of customers ? https://lnkd.in/dKBfViAt

Banks try to make branches less intimidating #banks #bank #bankbranches #retailrealestate #thegoldsteingroup #njrealestate #newjerseyrealestate https://lnkd.in/gATXH7Gt

"Over the last few years, banks have found themselves in a cycle of managing crisis to crisis. While the banking industry remains strong and resilient in the aftermath of the Covid pandemic and recent bank closures, maintaining a foundation of trust with our communities is not easy. The good news is that while trust in the overall banking system might have taken a hit, more than eight in 10 Americans say they are happy with their bank and satisfied with their customer service experience, according to a 2023 Morning Consult Survey." #ownersrepresentative #financialinstitution #bank #bankdesign #creditunion #credituniondesign #structurefirst

Here in New York City, where our downtown newsroom is located, there is a bank branch on nearly every corner -- and it's nearly always deserted. I can't remember the last time I had to wait in line for more than a few minutes at a branch. Here's why banks are closing branches faster than ever, as Jim Dobbs reports for American Banker. #banking #branchbanking

Spotlight On: Stewart Patch, Regional President, Dogwood State Bank 3 min read February 2024 — In an interview with #Invest:, Stewart Patch, regional president of Dogwood State Bank, discussed the challenges that the failure of some #banks at the beginning of 2023 has caused in the #banking industry. He also talked about the impact of rising interest rates on deposits, and how the bank’s focus on deposits and customer experience has helped it to continue thriving. READ MORE: https://lnkd.in/e3Jis3tP

Good points Chris. Was surprised to see with all of the issues facing our banking system post SVB, Signature and First Republic failures that the solution is less community banks and larger uninsured deposit concentrations- the type that triggered bank runs and forced the FDIC to protect depositors at regional sized banks. When a small bank fails and the buyer chooses not to pay the fdic a sufficient premium to assume those uninsured deposits, those business accounts bear the losses. Not so when a larger bank is either bailed out or covered under a systemic risk exception. I am not getting into a large vs small bank policy debate. We need both. I’m simply pointing out the fact that if corporate customers believe their operating funds will be protected if they bank at a large bank, programs designed to help community and true regional banks reduce uninsured deposit concentrations while retaining key business customers might have more value than the article considers. I think post SVB, these issues warrant a fresh look.