Waypoint Bank’s Post

Interesting read if you're in or looking to move into the Community Banking arena. "While the biggest banks are getting bigger, the smallest are growing too. 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." https://lnkd.in/gjdW5Y6N

🔴 Attention Lloyds, Halifax, and Bank of Scotland customers! Big changes are happening with overdrafts starting today. Are you ready? Click the link below to find out more about the major shake-up and how it might affect you. #Lloyds #Halifax #BankofScotland #OverdraftShakeup --- 🔴 Attention Lloyds, Halifax, and Bank of Scotland customers! From today, major changes to overdrafts are in effect. Find out how this shake-up could impact you. Check out the article for more details. #Lloyds #Halifax #BankofScotland #OverdraftShakeup https://ift.tt/4tP5cFf

For the seventh year in a row, USAA Federal Savings Bank took the top spot in American Banker's annual reputation survey. The San Antonio-based bank actually saw its marks improve among customers (or members, as the bank calls them) and non-customers alike. The improvement came despite a broader decline in the public's perceptions of banks amid a run of failures. I spoke with Paul Vincent, USAA Bank's president, about how he navigated the crisis this past spring and the bank's ability to improve its net interest margin at a time when interest rates have been on the rise and many banks have seen their profits squeezed. We also discussed regulatory developments around credit and debit swipe fees, the advent of instant payments and more. Check out the full conversation below. #banks #banking #bankcrisis #interestrates #bankreg #regulation #fees #cards #mortgages #autolending #reputation https://lnkd.in/eTcew3Mp

For WaFd Bank President and Chief Executive Officer Brent Beardall, investing in technology means the bank is continuing its commitment to building healthy and thriving communities by delivering valuable money experiences to consumers. When asked about putting this into practice, Beardall put it plainly, “Don't say what you want to do. Do what you want to do.” Read more about Beardall's perspective on keeping banking a noble profession: https://lnkd.in/gNEZsc4D #MXS2023

Join us for a thought-provoking episode of 'Banking on Growth' with guest Kraig Lounsberry, President & CEO of the Community Bankers Association of Illinois. Discover the key challenges faced by Illinois' community banks and learn how they can chart a course to success. #CommunityBanking #IllinoisFinance

What are your financial goals for 2024? Here are some ideas to help you start planning!

I've got some news you might have missed regarding the banking "world." We just witnessed the first bank failure of 2024--Republic First Bank. With operations spread across PA, NJ, and NY, and holding assets worth $6B – it's no minor event. They've been a regional powerhouse, managing customer deposits worth about $4B. But here comes Fulton Bank, stepping in like the cavalry, ready to assume all deposits and even reopening all 32 branches promptly. Now, let's talk numbers - the fallout from this hiccup has the FDIC shelling out a hefty $667M. It's situations like these that remind me why I focus on safeguarding entrepreneurial wealth and that it is more crucial now than ever. What are your thoughts on where banking is headed? Dive into the discussion. 💭💸🏦

Very often "word of mouth" about a vendor is negative. It's great to see one of your member banks praising your endorsed partner! Please reach out if you would like more information about our partner, BHG Financial and how Keith and his team can help your bank. #Oregon #banking

As a key business partner with community financial institutions, this is a message the clearly resonates and why community banking truly makes a difference in the local community.

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