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funding
Apr 9, 2024
Taking a more hands-on approach to educating organizations within your community on securing funding — even when it is from outside avenues, such as federal grants — can help CFIs strengthen ties to their communities and foster goodwill that can pay off down the road.
Mar 28, 2019
The popularity of HSAs has exploded and roughly 30% of people within the workforce now have them. They can be an attractive line of business for community banks.
Sep 6, 2018
Wondering how to keep your deposit customers happy while interest rates rise? Companion deposit accounts may be the answer.
Aug 11, 2021
Recently, several Fed speakers have indicated that rising inflation rates could lead to an increase in interest rates as early as late 2022. With the current economic uncertainty, how can community financial institutions prepare? We have four ways, including identifying opportunities in existing lending niches and adding more fee income.
Aug 17, 2018
With a flat yield curve, certain tools can provide customers with the products they want while mitigating risk for the bank. We give you the skinny on some of these helpful tools.
May 10, 2019
For many consumers -- millennials in particular -- setting aside large sums of money to meet savings goals can be tricky. One savings app is taking a new approach and community banks should be aware.
Feb 22, 2021
Savings rates soared to a high of 33.7% in April of last year. While we are still waiting for a full recovery and more normalized savings rates, you will want to proactively plan to retain deposits for when that time comes. To get you started, we lay out some ways to do this with savings-as-a-service and savings apps, whether in-house or through a partnership.
Mar 6, 2020
The competition for deposits is fierce, as fintechs and big tech enter an already crowded space. There are many ways to compete here, so we thought we could provide you with some suggestions.
Nov 21, 2019
Negative interest rates are now in discussion in the US. What you should know.
Jun 27, 2019
No matter your bank's situation, there are still some ways to hunt and win valuable deposit customers.
Jun 3, 2019
Although the top five American banks control most of the US market for deposits, there are still things community banks can do - even without raising rates or decreasing lending.
May 29, 2019
Opportunity zones from the Tax Cuts and Jobs Act may provide community banks with new loans and new customers. We give you an update.
Mar 14, 2019
Fifty-eight percent of bankers surveyed last year said they expect to begin using or increasing their use of reciprocal deposits promptly, due to the new S.2155 law provisions. We break down the details for you.
Feb 21, 2019
A tough trend facing community banks in 2019 is the loan vs. deposit funding and NIM squeeze. Are you ready for this challenge?
Jul 30, 2018
Banks are always seeking new customers, but how do you go about doing so outside your geographic community? Some community banks are using internet-only branches to do this.
Dec 6, 2021
According to the Federal Reserve’s Senior Loan Officer Opinion Survey, commercial loan demand is starting to increase. But, the competition is fierce. While some community financial institutions have increased their small business approval rates, will it be enough to stay in the game? Here are five lending tips to help your institution stay competitive.
Jan 3, 2020
The 2019 CSBS community banking survey has some valuable insights. We provide them to you today.
Jan 25, 2022
Community financial institutions have seen low interest rates for a long period of time. This caused net interest margins to be squeezed tightly, yet it allowed bankers to reduce their dependence on wholesale funding. Now, when interest rates are expected to rise, it is crucial to have strategies to balance increasing net interest income with rising funding costs.
Jul 2, 2021
Deposits increased by $3T over the past 14 months, leaving most financial institutions with a major imbalance — and major concerns about their net interest margins and return on assets. We review the current deposit glut and what community financial institutions can do to minimize their balance sheet disparity.
Apr 15, 2021
The industry is awash in cash, but not all deposits are created equally. Now is a good time to review and finetune your core deposit strategy. Ways to do this include: capturing customer relationships, revisiting your offerings, and restructuring fees so that you can position your institution for the future.
Dec 20, 2019
One way to ramp up your deposits is to help customers save using apps.
Oct 4, 2019
The Fed has cut rates more for EBA than the fed funds target rate. This is a good time to get a higher return.
Jul 3, 2019
Deposits at community banks are growing in rural areas faster than big banks. However, more needs to be done in metropolitan areas. We offer some guidance.
May 2, 2019
For those losing deposits to alternative accounts, it might make sense to think about revamping your traditional checking account with brand new features to lure depositors - particularly the younger crowd.
Apr 17, 2019
When it comes to banking performance, it makes sense to set goals and use metrics to track achievement. However, this is easier said than done.
Jan 23, 2019
Deposit growth is a top priority for banks, and appealing to millennials may be a way to do it. But, this can be tricky too.
Mar 14, 2018
Deposit activity was strong for community banks in 2017. But, not everything was rosy. What community banks can do to stay competitive.