QBANK’s Post

We are inspired by the work of #communitybanks as they continue to support & invest in their communities. Here is what b1BANK is doing to make a difference: #communitybankingmonth #SMB #CommunitySupport

Here are various strategies to tackle the deposit battle!

What's always lost in these discussions and approaches is a lack of understanding of one's true core funding base and a belief of what might have worked for one credit union will work for another. If 2020-2024 taught anything fundamental, it is that loan growth can't exceed its "core" funding base. The failure to identify this element will cause most to overstate their actual asset profile and eventually cause volatility in earnings, liquidity, credit mitigation, net margins and safety of capital.

Naomi Snyder at Bank Director published a fresh article on the war for deposits this week. This post includes contributions from Brad Elliott, Jeffrey Reynolds, Donald Musso, Mark Holt, Gerard Cassidy, Peter Winter, Jill Cetina, CFA, Mike Santomassimo, Michael Daniels, Thomas Broughton, Ira Robbins, and Val Srinivas. Subscribers can find it at https://lnkd.in/g5iUmAnG Many financial institutions are ahead of the pack with deposit strategies today. We encourage your financial institution management team to check out the Deposit Best Practices Checklist here to see what the high performers are doing... #communitybanking #deposit #bestpractices

Financial Institutions have had to fight hard for deposits as interest rates have increased, liquidity has tightened, and competition has grown. For management teams looking to strengthen their deposit strategy- this is an excellent best practices checklist to consider incorporating into your regular discussions. #riskmanagement #banks #fdic #interestrates #alm

Many of you asked me where and when to vote for SME Banker of the Year in the Qorus SME Banking Awards!!! 🏆 Voting are now open, please follow instruction below! 🤞 ✨ When: voting is now until February 13th, closing at 6 pm | 9 pm UAE | 1 am SGT. Make sure to cast your vote before the deadline! 👉 Where: https://lnkd.in/dMFznxTg Simply follow this link which will take you to the voting section. If you already have a Qorus account, sign in to access the voting platform. If you don’t have one, no worries – you can still vote by filling out a quick and simple form with your information (please note it’s necessary to fill in all fields). 👨⚖️ The list of nominees: you can check nominees and their profiles on the Awards page. To access the full nominee profile, click on "Read more" under each nominee, which will take you to the dedicated nominee profile website. Discover more about each nominee on the website https://lnkd.in/dg2KmRBF ❓ How to vote: In each category, you have to pick your top 3 choices; otherwise, you won’t be able to cast your vote. Please note that once you cast your vote, your decision cannot be changed. You can cast your votes anytime during the voting period. Even if you have already voted in one or two categories, you can always come back and vote for the remaining categories you haven't voted in yet. 🔍Results: The final outcome will be determined by a combined approach. Online voting by users will hold 50% of the total weight, while the remaining 50% will be determined by the Jury Committee's votes.   🤞 Thanks!!!! 🇮🇹 #SMEBankingAwards

Managing household staff can be a huge undertaking.  The Preferred Legacy National Trust Bank can take this stress off you and your family. Contact us for help: https://lnkd.in/ePBbSxiC #creatinglegaciesthatlast #thepreferredlegacynationaltrustbank

What's ahead for scaling businesses in 2024? Find out later today during our next iFD Community event with Tracy Sherratt and Dr. Sophie Dale-Black from the British Business Bank. Register using the link below. Follow iFD Part-time FDs and CFOs for more information. #IsoscelesFinance #iFD #iFDCommunity #BritishBusinessBank Jade Dixon

Connect with ICI at the event and learn how our team can assist your bank with the next core vendor evaluation and core renewal project. Follow ICI on LinkedIn for future updates: https://lnkd.in/ggQaANyy. #coreconsulting #corevendorevaluation #bankconsulting #technologyconsultant #consulting #bank #bankers

Had an eye-opening networking session today with the incredible Jessicia Myers and Sara Butch from First Federal Bank of Kansas City! 🏦🤝 In the credit union world, we often talk about our "people helping people" philosophy. Today, I discovered that community banks, particularly First Federal Bank of KC, are driven by the same spirit! Key takeaways: - First Federal Bank is run by a board of directors, not shareholders - aligning their focus squarely on community needs. - The parallels between credit unions and community banks in prioritizing people over profits was interesting. - We found common ground not just in finance, but in our personal lives too - swapping stories about kids and sports! Jessicia and Sara, thank you for this enriching exchange. It's heartening to see that whether in credit unions or community banks, the core mission of serving people and communities remains strong. To my network: Have you experienced similar "aha moments" when networking outside your immediate industry? The insights can be game-changing! Learning the 90% - People of All Colors Succeed (POAC Succeed) #CommunityBanking #CreditUnions #NetworkingInsights #PeopleHelpingPeople Jamie Grayson