Hanover’s Post

Our latest report highlights the great consolidation of banks and the acceleration of branch closures across America. Discover the implications for local economies and community banking. Learn more at the Just Economy Conference. #BankingAccess #EconomicJustice #NCRC #JustEconomy" https://buff.ly/3RfrAsD

In #AmericanBanker Scott Harkey questions the slow adoption of RTP by banks and explains why this could be a mistake, particularly as opportunities open up and non-traditional players step in. Scott sees RTP and FedNow adoption as a top priority for banks, regardless of their size. And that’s adoption of both, as collectively, they complement the other’s limitations. Read the article here https://okt.to/nvYTVM.

“Some bank customers are going small, pushing back against a wave of consolidation that has concentrated deposits and loans in a handful of the largest banks. Many have found that making a switch not only gets them more face time with bankers, but they are also earning more and paying less.” We couldn't agree more! As a Gateway customer, you get faster and more personal service, save on fees, and contribute to Main Street instead of Wall Street. Read more in this recent article from the Wall Street Journal: https://buff.ly/49VUQgh #banklocal #communitybanking

Ooh, just viewed the latest Nationwide advert, and it's quite cheeky, playfully discussing the importance of keeping branches open. Overall I was impressed. Having experience in retail banking, I hold hope for such initiatives but approach them with a hint of scepticism. Let's hope that longterm actions follow this talk. 🏦🤞 #Nationwide #OpenBranches #ProfessionalOpinion" https://lnkd.in/eKc3zkbC

How big banks won the banking crisis https://lnkd.in/g6uhxPkR #BankingAndFinanceNews Please Repost

Not even considered in this article is the role that everyday consumers and businesses play in propping up mega banks. If you’re worried about mega banks getting bigger, switch over to a community bank. Your dollars are more likely to go back into the local community and you’ll keep local banks working in their local communities. #communitybanking #banking #TBTF #thinklocal

More bank branches are set to close this year as lenders continue withdrawing from the High Street. The trend will not change this year as banks continue to cut costs and point to the growing shift by customers towards using online services. https://buff.ly/3tBY2xM #digitalbanking

💳 ‘The number of bank and building society branches have halved from 16,955 in 2010 to 7,670 in 2023’. Banks are closing in large numbers due to the rise in online banking – however, not everyone can or will online bank. It leaves people with disabilities and older people who rely on face-to-face customer assistance out in the dark, alongside necessary services for businesses and opening accounts much more difficult. I urge banks to reconsider and place their customers and communities first by keeping branches open, or providing community banking hubs if necessary to ensure those who need it most are not shut out. Read more from this impactful The Times article below 👇 https://lnkd.in/eCJnq7Cq

Community bankers' concerns about the economy and regulation persist, according to the latest Community Bank Sentiment index from the Conference of State Bank Supervisors (CSBS). This insight underscores the ongoing challenges faced by community banks. If you would like to know how Corlytics is working with the banking community, helping our clients better manage their regulatory burden, untangling the red tape and providing horizon scanning and automated workflows then please email 📩insights@corlytics.com for more information and a demo. #regtech #communitybanks #banking #regulation #regulatory For full report 👉🏼https://lnkd.in/dCQAMge

Savers turn to challenger banks over high street stalwarts - Your Money: Digital-only banks and smaller challengers are proving to be winners for customers looking to save their cash, according to Which?'s survey of 4,178 ...