First Bank’s Post

"Thrilled to have attended the Kolbe workshop this week! 🚀 It was an enlightening experience delving into my instinctive strengths and how they impact my work and personal life. Grateful for the insights gained and the opportunity to leverage this knowledge to excel in all endeavors. Huge thanks to our facilators for a dynamic and engaging session! #KolbeWorkshop #SelfDiscovery #ProfessionalDevelopment"

As I shared in the newsletter for Shelburne Business & Professional Association this week: Happy Valentine’s Day! Banking is romantic, right? The Federal Reserve tracks the number of bank branches across the nation. It hit a recent peak in 2009, with 36 banks per 100,000 residents. It’s declined steadily since then, to 30 per 100,000 in 2019. NBER tracks the density a different way but also shows a decline: there were about 99,000 bank branches in 2009 and 79,000 in 2022. But lack of access to banking has always been a problem, especially for low-income families. Nationally in 2021, FDIC reports that 4.5% of households were “unbanked.” It’s about 3% in Vermont. In our small state, some the nation’s large banks don’t have a presence. Instead we benefit from a strong network of smaller banks and credit unions. 

We sat down with Lance Caldwell, senior vice president and sales director of UMB Bank, Capital Markets Division, to learn more about his career at UMB and his experience working with community banks. Read more on his focus on community bank performance for 30 years and counting. #UMBCareers

Mentoring and Succesion Planning is a sign of excellent leadership

https://lnkd.in/gv6eTYMC This Forbes article (link in the post) is a great read for anyone not familiar with MidFirst Bank. #MidFirstBank

TD Bank has announced the promotion of Scott Daigle to North Florida Commercial Market President, enhancing their expansion efforts across key regions including Orlando, Tampa/St. Petersburg, Jacksonville, and more. Based in Tampa, Daigle has been a pivotal force in driving commercial and small business growth in the Tampa Bay area. His new role involves managing a team of regional vice presidents and focusing on expanding TD's commercial and small business lending and deposit portfolios. Scott Daigle, who joined TD Bank in 2015, has 27 years of experience in banking and commercial lending. His contributions have been recognized for advancing TD’s growth while improving customer experience. Outside of banking, Daigle actively participates in community service with several local organizations. TD Bank, headquartered in Cherry Hill, N.J., serves over 10 million customers across various regions, offering a full range of banking products and services. #ScottDaigle #TDBank #BankingNews #Promotion #CommercialBanking #Leadership #TampaBay #FinancialServices #BusinessGrowth #BankingIndustry #CommunityService#KalkineTV #FinancialNews #StockMarketUpdate #InvestmentInsights #MarketAnalysis #EconomicTrends #StockTrading #FinancialEducation #MarketOutlook #InvestingTips #MarketWatch #GlobalEconomy #StockAnalysis #FinanceTalk #EconomicNews #StocksToWatch #MarketForecast #KalkineTVShow #FinancialTalkShow #InvestmentStrategies #MarketTrends

TD Bank has announced the promotion of Scott Daigle to North Florida Commercial Market President, enhancing their expansion efforts across key regions including Orlando, Tampa/St. Petersburg, Jacksonville, and more. Based in Tampa, Daigle has been a pivotal force in driving commercial and small business growth in the Tampa Bay area. His new role involves managing a team of regional vice presidents and focusing on expanding TD's commercial and small business lending and deposit portfolios. Scott Daigle, who joined TD Bank in 2015, has 27 years of experience in banking and commercial lending. His contributions have been recognized for advancing TD’s growth while improving customer experience. Outside of banking, Daigle actively participates in community service with several local organizations. TD Bank, headquartered in Cherry Hill, N.J., serves over 10 million customers across various regions, offering a full range of banking products and services. #ScottDaigle #TDBank #BankingNews #Promotion #CommercialBanking #Leadership #TampaBay #FinancialServices #BusinessGrowth #BankingIndustry #CommunityService#KalkineTV #FinancialNews #StockMarketUpdate #InvestmentInsights #MarketAnalysis #EconomicTrends #StockTrading #FinancialEducation #MarketOutlook #InvestingTips #MarketWatch #GlobalEconomy #StockAnalysis #FinanceTalk #EconomicNews #StocksToWatch #MarketForecast #KalkineTVShow #FinancialTalkShow #InvestmentStrategies #MarketTrends

2023 was an important inflection point for New York Community Bancorp, Inc. as we built on the momentum created by the acquisition of Flagstar Bank, added complementary assets and liabilities from Signature Bank, and continued to successfully execute our transformation strategy, while establishing a clear path for future growth. Our fourth quarter and full year 2023 financial results released today reflect a series of decisive actions we took to strengthen our balance sheet and risk management processes to better align ourselves to our new, larger bank peers. We are confident the actions we are taking now will position us well for long-term success and value creation as we continue our transition to a $100 billion-plus bank. With our outstanding portfolio and asset quality metrics, conservative underwriting, and a proven track record across business cycles, we are well positioned to navigate our growth and development as we continue to deliver for our clients, customers, and communities. https://lnkd.in/dhv5k8mw

"Brilliantly Boring since 1865." 👈 This is how you position yourself around "boring" without being boring. I love this PNC Bank commercial that calls out what we want from our banks. Let them do the boring, safe stuff. Because, "boring is the jumping off point for all the unboring things we do." My guess is Arnold Worldwide deserves credit for this position and spot. I would love to know if anyone can share. Death to boring. #brand #brandstrategy #marketing

Observation: I used to think the best time to sell the bank was when multiples were high. What I learned was, the best time to sell a bank is when: 1. Your safety & soundness, BSA, and IT exams just completed and you have 18 months before the next cycle. 2. You core contract has 18-24 months remaining on the term. This is the "Golden Window." Look at your calendar - when does that happen for you? That sets a great deadline for getting in the best shape possible. Whether you are selling or not. Earlier today, in my free weekly newsletter "The Savvy Banker" we went a little deeper on the topic of "Community Bank CEOs: 3 ways to go to market for a focused and successful sale." Missed it? You can get it here: https://lnkd.in/gS8ZsFyc If you enjoyed this, please like it 👍 share the post with your network ♻️ and follow me for daily content at 7:10am (CT) and 4:10pm (CT).