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Mercantile Bank just ranked #10 on the 2024 list of America’s Best Banks!
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Whoop, whoop!!
Mercantile Bank just ranked #10 on the 2024 list of America’s Best Banks!
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#Bankdeposit #marketshare update sourced from the recently released summary of deposits. I found it interesting that #SouthDakota is fifth in total deposits. #bankingsector #bankingtrends #banks
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Some US bank failures are possible in the near future, as some banks face the risk of failing or falling below their minimum capital requirements. #newsupdates #newsupdate #newsfeed #newsflash #bankingnews #bankingsector #banks #usbanks #bankingcrisis #newshighlights
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It's going to be interesting to see if competiton for deposits keeps interest rates on deposit products from falling as far as they normally would in a rate cutting environment. #bankdeposits #bankingsector #bankingtrends #creditunions. #banks
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Texas community banks outperform bigger regional banks in the aftermath of the spring 2023 banking crisis even as they face their own challenges. Read more in the latest Southwest economy by my colleagues Mariam Yousuf and Prithvi Kalkunte.
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Do higher rates benefit banks? That’s been a long-held assumption but is it still true in our higher-for-longer rate environment? A closer look at the evidence suggests that the impact of higher rates on banks is more ambiguous than many have previously assumed. See my take at https://lnkd.in/eMBuRmuu
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Bank Consultant/ Former Assistant Deputy Comptroller for Bank Supervision at Office of the Comptroller of the Currency
The same root causes, lack of concentration risk management both for assets and funding sources, are once again and will continue to cause issues if the lessons of the past are forgotten and complacency is present. I understand the need to stabilize the industry and ensure confidence but I have mixed feelings about this approach. I believe if used as an ongoing strategy, it won’t change practices nor hold regional bankers accountable for their mismanagement. Just my thoughts.
Wish I could say all the regional banks are out of the woods, but I don’t think it’s so…. Congress needs to restore FDIC emergency authority to stabilize uninsured deposits.
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What Happens To Your Money If More Banks Collapse in 2024? https://lnkd.in/dNWG9g46 #BankCollapseAlert #FinancialCrunch2024 #EconomicUncertainty #BankingCrisis #MoneyMatters #FinancialResilience #EconomicForecast
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Banks on Shaky Ground as Liquidity Dries Up - Here's What I'm Looking At Many factors are showing that banks may likely continue facing stress as liquidity dries up. So, here are three big things I’m looking at. https://lnkd.in/gJ9wSrW6
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Fitch Ratings completed a peer review of the 13 banks in its small and mid-sized regional bank peer group (Mid-Tiers). Banks in this peer group range from approximately $15B-$70B in assets. The peer review resulted in one rating downgrade and 12 affirmations. Fitch also revised the Rating Outlooks to Negative from Stable for two banks, maintained the Negative Rating Outlook on one bank, and revised one Outlook to Positive from Stable based on the entity’s improved funding profile. Learn more here: https://ow.ly/C9OJ50RzIsk #FitchRatings #Banks
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Our commentary on 1Q24 bank earnings so far:
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