Heritage Bank of Commerce’s Post

Community Banking Week is the perfect time to highlight the important contributions community banks make not only to their local economies, but to the nation’s economy, as well. There is no better time than now for local businesses and consumers to do business with a community bank. Not only do community banks offer the same products and services as larger institutions, but they are home-grown and home-raised companies that are deeply integrated into the fabric of their local hometowns. Community bankers have earned our customers’ appreciation for the common-sense approach we take to doing business with our neighbors and understanding our local community. The decision-makers at community banks are your neighbors. They are the means to the financial end for their customers, which include small businesses and agricultural customers. Community banks’ special niche is serving the needs of local families, businesses and farmers. Unlike larger banks that may take deposits in one state and lend in others, community banks channel loans to the neighborhoods where their customers live and work, helping to keep local communities vibrant and growing. 🤝Thank you to everyone who has helped to make us a vital part of this area’s growth and prosperity. You have given us reason to celebrate Illinois Community Banking Week! #CommunityBankingWeek

I found this article that I think you should check out from The Financial Brand. Why Credit Unions Are Buying Community Banks Faster Than Ever: https://lnkd.in/gW_cWp3i Please feel free to weigh in with your own comments and observations.

If you are looking for insights into how you can be competitive, thrive, and grow, I recommend reading this article about Pinnacle Bank, a family-owned and operated community bank. #familybusiness #familyowned #familyownedbusiness #lovefamilybusiness

Credit unions continually signal their community-driven priorities through flexibility, dedication, and cooperation. Now, they stand on the precipice to engage on all fronts, but why stop there? Credit unions can offer what no other financial institution can: each other. They provide the ingenuity of standing together as a unified front to offer concentric circles of financial stability. They provide personalized service outside of a cookie-cutter approach. They offer consumers peace of mind and accessibility through some of the largest networks in the country. 2024 is the year to remove Hem and Haw from our dictionary and push forward for member success. Navatros #takingyoufurther #OHWVSharedBranching #credituniondifference #creditunionsrock #whomovedmycheese

We feel the same, Christopher Williston VI, CAE. Kudos to The Baker Group and IBAT. Very comforting to see such strong passion, leadership and commitment to the future of our vital community banks. #communitybanking #regionalbanking #IBAT #visibility #strategicvisibility #communitybank #risk #finance #fintech #opportunities #riskmanagement #ERM #ECRM #engagement #banking #CFO #enterpriseriskmanagement #CECL #credit #creditrisk #creditriskmanagement #CRO #compliancerisk #compliance 

Finding the right financial institution is more than convenience; finding one that aligns with your long-term goals and values is crucial. #AffinityFCU President and CEO Kevin Brauer shared five significant benefits of choosing to bank with a local or regional financial institution in his article for Kiplinger: https://bit.ly/4e3XNgN

To combat the margin crunch and better manage liquidity and capital, banks must identify and address costly pitfall relationships. From White Whales to Secret Santas, Scott Earwood shares five types of pitfall customer relationships and how to avoid them in this Bank Director article. #Profitability #CustomerRelationships #Liquidity https://lnkd.in/e-i8F3sX

Is your bank fighting the margin crunch and looking for ways to better manage liquidity and capital? You're not alone. In this Bank Director article, I outline five types of pitfall relationships that could be draining your bank's profitability and how to avoid them.

🚨 Don't let pitfall customer relationships drain your bank's profitability! Learn how to combat common pitfalls in institutions ranging from $600 million to $200 billion in assets and optimize your bank's performance in this Bank Director article written by our own Scott Earwood.

Denver-based HTLF sold six of its branches in Big Sky Country to Kalispell-based Glacier Bank and three others to Miles City-based Stockman Bank of Montana. HTLF said the sale of Rocky Mountain Bank, a division of HTLF Bank will allow it to reinvest in talent, technology and other existing markets where it has greatest growth potential. Still, some industry observers believe M&A could remain muted in 2024. Jeffrey Cardone, a partner at Luse Gorman, PC, told Banking Dive there are still major M&A headwinds from a regulatory and macroeconomic standpoint, particularly with the recent jittery news on interest rates and inflation.  “Therefore, we are not anticipating a robust 2024 for larger bank M&A transactions,” he said. “We are, however, seeing accelerated M&A activity for small bank institutions with shareholders that desire liquidity and have an interest in exploring a transaction with a second-tier buyer, such as a credit union or an investor group.” https://lnkd.in/eUvV7niu