New York State Department of Financial Services’ Post

Carver Bank is grateful to all our clients who take the time to share their positive experiences. It is because of our incredible clients that we have been able to provide local residents with a place to save, grow businesses and build wealth, block by block and generation to generation for over 75 years. Where you bank matters! #growwithcarver #savewithcarver #carverbanknyc #communityfirst #communitybanking #bankingforgood #bankingforimpact #clientexperience #customerexperience

Philadelphia's banking landscape has changed over the last several decades, much like almost every metropolitan area in the country. S&P Global Market Intelligence just released the below chart that sheds light on deposit share in my hometown city, revealing the market share of banks, such as Fulton Financial Corporation, who made an FDIC-assisted acquisition of Republic First Bancorp Inc. Check out the chart and let me know your thoughts! #PhiladelphiaBanking #DepositShare #communitybanking

As part of our longstanding tradition of offering honest and insightful commentary about the state of our company and the economic conditions impacting our industry and communities, we’re pleased to share our annual letter to shareholders from our Chairman and CEO, René Jones. This year's letter addresses a variety of topics, including the importance of earning trust and fostering public confidence to strengthen not only the banking sector, but businesses across industries, and thriving communities. The letter also provides a candid assessment of M&T Bank’s 2023 financial performance, including how the strength of our business—our prudent lending practices, vigilant risk assessment, and deep customer relationships—helped us navigate a tumultuous 2023. “[W]e take as part of our charge to build and maintain public trust in what we do—through prudent lending and support for civic institutions. We understand—as does the public—that the erosion of trust is problematic not just for banks but for those who buy or renovate homes, purchase new cars, convert ideas into profitable businesses, and have the time and means to volunteer at the great range of local groups that are marks of healthy community life. For us, trust is not a given—it’s a process, one we work hard to instill every day.” — M&T Bank Chairman and CEO René Jones Artwork on the cover of this year’s message to shareholders by Boston-based artist, Silvia López Chavez.

As part of our longstanding tradition of offering honest and insightful commentary about the state of our company and the economic conditions impacting our industry and communities, we’re pleased to share our annual letter to shareholders from our Chairman and CEO, René Jones. This year's letter addresses a variety of topics, including the importance of earning trust and fostering public confidence to strengthen not only the banking sector, but businesses across industries, and thriving communities. The letter also provides a candid assessment of M&T Bank’s 2023 financial performance, including how the strength of our business—our prudent lending practices, vigilant risk assessment, and deep customer relationships—helped us navigate a tumultuous 2023. “[W]e take as part of our charge to build and maintain public trust in what we do—through prudent lending and support for civic institutions. We understand—as does the public—that the erosion of trust is problematic not just for banks but for those who buy or renovate homes, purchase new cars, convert ideas into profitable businesses, and have the time and means to volunteer at the great range of local groups that are marks of healthy community life. For us, trust is not a given—it’s a process, one we work hard to instill every day.” — M&T Bank Chairman and CEO René Jones Artwork on the cover of this year’s message to shareholders by Boston-based artist, Silvia López Chavez.

Custom tailored solutions for you and your family's business, delivered by local decision makers, powered by local funding from depositors right here in Michigan. If you are serious about taking your business to the next level, we can seriously help. #BetterThinkingBanking

What makes a branch successful? Just ask Michelle Kile, DCU’s Vice President of Branch Services! On Monday, June 24, Michelle spoke at the Future Branches Conference in Boston about what credit unions and banks should consider when developing their branch strategies. When expanding branch networks, institutions should consider the value a new branch would bring to the surrounding community and the service level that will best fit members’ needs, according to Michelle. Taking it a step further, institutions should start thinking about designing the branch of the future and what exactly that means. These branches prioritize visibility, the role of branches in a digital-first landscape, modular design, and conveniences like parking and drive-up services. At the end of the day, branch success can’t happen without listening to members and understanding how they engage with their financial institution. At DCU, we pride ourselves on always putting our members first, and Michelle helped spread that message!

After Relman Colfax conducted a comprehensive #RacialEquity audit of State Street in 2023, we were thrilled to see their commitment to increasing investments in communities of color through their $100 million deposit program. We have been eagerly following their journey to create a more #inclusive and #equitable financial ecosystem for all. Today, we are proud to recognize State Street's recent efforts for advancing financial equity through their deposits to #CarverStateBank Citizens Trust Bank and Ponce Bank—three mission-driven minority depository institutions (MDIs). These actions are pivotal in addressing the disparities that persist in our financial ecosystem. https://lnkd.in/eMvzUjmu

Hayden Matthews and Glenn White, have taken a groundbreaking step with the launch of Volans, a new private bank targeting ultrarich families in Australia and Asia. According to Primrose Riordan, what sets Volans apart is its commitment to agility and technology. Matthews and White aim to reshape the private banking landscape by promising to open accounts within a day or two using facial recognition. At Campden Wealth, the Global Family Office Report Series delves into the wide range of challenges faced by wealth holders. We're closely observing how initiatives like Volans address these and help shape the future. #wealthanagement #innovation #volans #familyoffices #UHNW #privatebanking

Good and informative interview!

Success starts with Financial Empowerment!