Operations & Management articles

7 ways to keep costs down

7 ways to keep costs down

Saving money is always an appealing prospect for businesses of any kind. But for community banks, operating in an industry facing unprecedented consolidation, it’s crucial. Here are some top tips from community banks that are pinching pennies by making better staffing decisions, using technology more wisely, scrutinizing their utility bills—and more.

How 125-year-old community banks stay up to date

By Katie Kuehner-Hebert As the banking industry continues to consolidate, and fintech upstarts with the latest apps tantalize the younger generations, it’s good to know that there are more than a few community banks that have withstood great tests for more than a century. The five community banks profiled here survived the Great Depression. They

Field Notes: Paul Aguggia, Kearny Bank

I have had the privilege to be part of a merger process from different vantage points: on the sell side, as legal adviser, and then as community bank chairman and CEO. I can safely say that a merger process is anything but linear. You can expect each stage—pre-discussions, negotiations, post-signing and pre-closing—to be accompanied by

Is bigger always better?

Community banks are under pressure to acquire or be acquired to reach greater scale, deal with growing compliance costs and stay competitive in a fierce market. But is merging always the right thing to do for a bank and its customers?

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