William Mills Agency’s Post

Bank with a bank whose priority is YOU. Make the switch. #CommunityBankingWeek PeruFederalSavings.com - Member FDIC #PeruFederalSavingsBank #PeruIL #CommunityBank #BankLocal

#MDI's or Minority Deposit Institutions have limited marketing budgets and are not widely known in Banking. Why is this? They cannot compete with the Budgets of Bigger Brands, but they have the same quality of services. So, these Financial Institutions need to be more agile and targeted in their #marketingstrategy and how they will attract #consumers and #commercialclients In the next few weeks, we will introduce a partnership that helps Banks close this gap and identify bottlenecks and opportunities to help them grow and be more competitive. Did you know there are about 150 MDI Institutions around the country? #CommunityBank #MDIBanks #nationalbankersassociation #CBA #GBA #Fintech #AI #marketing #finance #business #wealthcreation #entrepreneur #financial

Coastal has joined the ranks in the prestigious ‘Bank Honor Roll’ list! KBW, a leading specialist investment bank to the financial services and fintech sectors, recently named Coastal as one of the top 18 U.S. banking institutions to the coveted 2024 KBW Bank Honor Roll. These 18 elite banks were selected to the KBW Bank Honor Roll based on two central criteria: 1. Consistent earnings growth over the past 10 years 2. Or top 5% Earnings Per Share & Growth Rate over the past 10 years. Only two banks, including Coastal, satisfied both criteria! Details here --> https://lnkd.in/gcumJivD #banking #bankinvesting #topbanks #growingbanks #communitybanking #profitability

Friends are the ones we can depend on in times of crisis. They make our days lighter with kind thoughts and our lives brighter with warm words. Today, we want to acknowledge all of our clients who have become more like friends and family over the years. Thank you for trusting us with your dreams. At Merchants & Marine Bank, you'll always have a friend! #localbank #communitybank #communitybanking #internationalfriendshipday

What's wrong with banking and what to do about it #Anat Admati, #Charles Goodhart, #liquidity, #bank run, #borrowing, #banking, #limited liability, #unlimited liability, #liquidity problem, #solvency, #safety net, #default, #equity ratios, #money market funds, #deposits, #deposit insurance, #FDIC, #TARP, #systemic risk, #Treasury, #central bank, #Basel I, #Basel II, #Fed, #Tier 2 capital, #risk-weighted assets, #risk weights, #regulatory capital, #credit risk, #interest rate risk, #US banking crisis, #bail-out, #central bank reserves, #arbitrage, #Bank of England, #Basel III Endgame, #capital rules, #zombie banks, #shadow banks, #bail-in, #TLAC, #Credit Suisse, #UBS, #level playing field, #national champion, #HSBC, #private credit, #BPI, #NBFI, #Lehman Brothers, #pension fund, #risk, #governance, #partnership, #corporation https://lnkd.in/dCnKNA2R

154 years ago today, the First National Bank of Philadelphia made history as it received the first charter under the National Banking Act. 🏦💼 This pivotal moment laid the groundwork for modern American banking as we know it. 💰✨ #BankingHistory #FirstNationalBank #AmericanFinance #FinancialInnovation #BankingRegulation #HistoricCharter #MoneyMilestones #PhiladelphiaHistory #FinancialEvolution #EconomicProgress #BankingLegacy #FinancialFoundations #NationalBankingAct #AmericanHeritage #FinancialInstitutions

Speaking at tonight's client engagement in Mbale, Samuel Fredrick Mwogeza, Executive Head for Personal & Private Banking at Stanbic Bank said; 🎙️ "This is an opportunity to connect, as well as engage in insightful discussions on how to increase our wealth and make the most of what we have, with a special focus on nurturing the potential of our young ones." #MoneyHabits #WealthAndInvestment

🏦 **Breaking News in Banking!** 🚨 🔹 **FDIC Seizure:** The FDIC's recent seizure of Philadelphia-based Republic First Bank has made headlines as the first U.S. bank failure of 2024. 🔹 **Fulton Bank Steps In:** In a strategic move, Lancaster's Fulton Bank has agreed to absorb the majority of Republic First Bank's deposits and assets, securing a significant foothold in the Philadelphia market. 🔹 **Cost to FDIC:** The fallout from Republic First Bank's closure is projected to hit the FDIC's deposit insurance fund to the tune of $667 million. 🔹 **Market Expansion:** With Fulton Bank's acquisition, its presence in Philadelphia will nearly double, boasting combined deposits of approximately $8.6 billion. 🔹 **Smooth Transition:** Despite the change in ownership, customers need not worry. All Republic First Bank branches are set to reopen under the Fulton Bank banner, ensuring continuity in banking services. Stay informed as the banking landscape continues to evolve! #BankingNews #FDIC 📉💼 https://lnkd.in/gwyfJyQ6

In a decisive move to safeguard depositors and stabilize the regional banking sector, the FDIC has seized Republic First Bancorp, a Philadelphia-based lender struggling with financial instability. The bank's operations, including all assets and $4Bn in deposits, have been transferred to Fulton Bank. This transition, costing the FDIC's fund an estimated $667Mn, nearly doubles Fulton's footprint in Philadelphia, signaling a bold step towards greater regional stability. As Republic Bank's branches prepare to reopen under Fulton’s name, this pivotal action underscores the ongoing challenges and regulatory responses shaping the U.S. banking industry's future. #republicbank #FDCI #qf #quantumfinserv #follow

In recognition of #NationalTriviaDay, here's a #banking-related trivia question for the new year: What year did the first commercial bank in the United States open? Answer: The first commercial bank in the U.S., Bank of North America, was chartered in 1781 and opened in 1782.