Community Bank Of The Bay’s Post

The Rise of Credit Unions in Banking. 🏦 🚀Credit unions are reshaping the banking landscape, emerging as significant acquirers of community banks and branches. In the US alone, they now account for over a quarter of all bank acquisitions, up from just 5% between 2019 and 2021. This surge is transforming competition as credit unions expand their reach, boost deposits, and offer diverse services. 👉 Follow-us on X @ https://lnkd.in/eXwhucA6 PS: Currently, our website is being upgraded, and we're adding original content. #Banking #CreditUnions #CreditUnionsInnovation #USCreditUnionNews #EuropeBuildingSocietyNews #InnovationStreets

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As a sort of minor followup to my post about 650 billion dollars in unrealized bond market losses in the banking industry, this bank failure hit the news today. Interesting to me is how all of this is based on speculation - these #investors are essentially #speculators, invest based on best return based on certain assumptions about the future (in these case - some sort of stability in interest rates?). Guess/predict/assume wrong, you lose. (There are of course sophisticated ways to offset that risk, but the basic point remains). #REO #FORECLOSURE #bankingindustry #realestateadvice #realestatemarketing #realestateexpert #reolistings #reoagent #NRBA https://lnkd.in/evnv4vUi

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

Bankers, take note! When using brokered deposits and other wholesale funding, it's important to consider more than just marginal cost. Take into account the lifetime value of account holder relationships, the franchise value of local deposits, and regulatory scrutiny. Don't ignore the potential impact on future M&A events - acquisition premiums can be 4-8% of core deposits. Are you factoring in all the necessary variables when making funding decisions? The Financial Brand publication here compares bankers' vulnerability to an overly simplistic approach to Rory McDonald's narrative on competitive disruption in other industries. I am guessing that industry experts like Chris Nichols, Sam Kilmer, Steve Williams, Karl Nelson, @Dave McNab CPA, CA, Omar A. Hinojosa, CFA, Justin Bakst, Dale Sheller, Tim Keith, Ray Chandonnet, 🤘Eric Cook, MBA, Jack Hubbard, Frank Bria, Gabe Krajicek, Preston Afrank, Christopher Nelson, CFA, Lee Wetherington, Jim Reber, James White, Steve Wofford, Byron Earnheart, and Scott Mills, APR may want to weigh in on this. #banking #funding #pricingstrategy

Very insightful article Neil Stanley. Difficult times for sure regarding the cost of acquiring new deposits and retaining existing deposits & customers. Investing in the banks deposit product mix, personal bankers soft skills training and P2P relationship building tools to build a sustainable client-focused sales culture while using brokered deposits to accomplish specific goals under certain circumstances makes good business sense.

“(Reuters) -Regional U.S. bank shares sank on Wednesday, dragged down by a 46% plunge in the shares of New York Community Bancorp after it cut its dividend and posted a surprise loss.” Jan 31 2024 “Nothing to see here. Please disperse!” Detective Sergeant Frank Drebin 👇🏻 March 19, 2023: The FDIC announces that it has reached an agreement with New York Community Bancorp ($NYCB), the parent company of Flagstar Bank, to sell most of Signature Bank’s deposits and loans. Flagstar Bank will assume all of Signature Bank’s deposits, except $4 billion related to its digital banking business, which will be returned to the customers directly by the FDIC. Flagstar Bank will also purchase $38.4 billion of Signature Bank’s assets, including $12.9 billion of loans that were acquired at a discount of $2.7 billion. The FDIC will retain $60 billion of loans related to Signature Bank’s digital banking business, which will be disposed of later. As part of the deal, the FDIC will receive equity appreciation rights in NYCB’s stock worth up to $300 million. The transaction will make Flagstar Bank the 15th largest bank in the U.S., with over $200 billion in assets and $160 billion in deposits. The FDIC estimates the cost of Signature Bank’s failure at $2.5 billion, which will be covered by the proceeds from the sale and the equity appreciation rights. 🔥 #siliconvalleybank #signature #nycb

GBB is a bank built on relationships and trust, with no one exemplifying that more than our own Rob Schwister. Periodically, we will post original content related to all aspects of banking in this marketplace. Click below to read the first part in a series titled "CEO Thoughts." #denovobank #communitybank #Scottsdale #Phoenix #smallbusinesslending https://lnkd.in/gSmWbH38

As the banking industry evolves, many are turning towards the allure of small community banks and credit unions for a more personalized and cost-effective banking experience. With the banking landscape rapidly changing, marked by a spree of mergers and acquisitions, individuals and businesses alike are seeking refuge in community banks and credit unions. These smaller institutions are not only growing but also offering competitive rates, lower fees, and the kind of face-to-face interaction lost in the world of big banking. Despite the trend towards digital banking and the consolidation within the industry, the appeal of local, accessible banking remains strong. Whether it’s the promise of better rates, lower fees, or just being treated as more than just another number, switching to a small-town bank or credit union might just be the fresh start your financial life needs. #banking #finance #communitybanks #creditunions #personalfinance

It sometimes amazes me that some credit union leaders have bought into the myth that "branching as a growth strategy is dead." Building branches in the right locations is still the best way to grow core deposits—you attract new members and expand your influence. Even the big boys like PNC are following a branching-for-growth strategy. They're closing under-performing branches and building new branches in better locations. It's a proven strategy ... and it's alive and well in today's market. https://lnkd.in/efRPrwSW #creditunions #credituniongrowth #coredeposits #designbuild