Priscilla Ruth’s Post

TLDR: Small banks are capturing more customers because they offer better service, more convenience, and lower fees. This is great news for those of us focused on providing high-quality, high-touch advisory services to clients. Clearly the pendulum is shifting away from the low-cost, high-volume approach of the bulge bracket advisory firms and back to the relationship-driven approach of personal planning. After all, if this is already happening to Banks, can Investment Advisors be far behind? #financialplanning #wealthmanagement #financialadvisor

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

🏦 Boring is the new buzzword in banking! Regional lenders are embracing stability and reliability as virtues, with PNC Financial Services Group Inc. and Fifth Third Bancorp proudly touting their "brilliantly boring" results. 💼 After the tumultuous events of SVB's failure, the banking industry is reevaluating the importance of trust and stability. Columbia Banking System Inc.'s chief credit officer even celebrates his "boring" property loan portfolio as a sign of strength. 📉 In an industry built on trust, the shift towards boring may seem counterintuitive, but it reflects a renewed focus on stability and reliability. As regional lenders embrace stodginess, they're reinforcing their commitment to safety and soundness. #BankingTrends #StabilityMatters #FinanceNews https://lnkd.in/d9acnQJ7

Community banks, which typically have less than $10 billion in assets and a concentrated footprint, grew deposits by about 1% in the third quarter from a year earlier. Credit unions grew deposits by a similar amount. Their loan books grew by 10% and 9%, respectively. Both far outpaced the broader banking industry, according to federal data. #communitybanks #creditunions #smallbanks #fintech https://lnkd.in/eSKEEy7D

Have you heard of a mutual bank? We get this question a lot. As a mutual bank, we prioritize serving the community's banking needs with accessible service and no minimum balance requirements. Learn why we're passionate about staying a mutual bank for our customers. #MutualBank #CommunityFirst #AccessibleBanking Learn more: https://brev.is/lhtSh

Are Wealthsimple's 4% Rates Really Better Than TD's Bank Deals? Answers: https://lnkd.in/gi2KPEJf WealthsimpleVsBank #FinanceComparison #InvestSmart Wealthsimple vs Bank: No Brainer or is There Something I'm Not Seeing? Are you tired of low-interest rates and big fees at...

Had a great time speaking at a local R.E.I. group tonight on the Infinite Banking concept! Such an attentive and fun group! Thank you Harris Jones! You're Amazing! If you are in the real estate space, or just want to know more about infinite banking & see If you're eligible, I'm your girl! #infinitebanking #realestate #realestatebusiness #wealth #financialplanning #financialliteracy #moneytips #wealthmindset #wealthtransfer

Glad to say, I have been banking at a community bank, Legends Bank for the last three years. Having grown up with a small town bank and walk in the door relationships, where problems get solved, it's nice to continue in that rewarding banking environment. Engaging WSJ article follows below in regards to this topic.

We like to treat our customers the way we would want to be treated – spending the time to help customers through financial transitions and achieve their goals. “If I was sitting on the opposite side of my desk, what would I want to hear?” – Rick Breashears, Assistant Banking Center Manager. Through all stages of your financial journey, MidFirst Bank is here to help you along the way. #MidFirstBank #TrueToYou

Stop by and see Amy and the team at booth 309 if you're at #ABACCB and learn how Baker Hill can help automate your lending process.