7 benefits that will make your bank stand out Aug 01st 2021 12:08am on Banks, Focus, General, Industry Insight, Operations & Management 7 benefits that will make your bank stand out Aug 01st 2021 12:08am on Banks, Focus, General, Industry Insight, Operations & Management Today’s competitive labor market means employers have to stand out from the pack. One strategy community banks can use is a well-rounded benefits package. Here are seven benefits that community banks have put in place to recruit and retain workers.
Tips for a successful PPP audit Aug 01st 2021 12:08am on Business, Commercial/Business, Compliance, Focus, Lending Many community banks embraced the Paycheck Protection Program, building new relationships and deepening existing ones. While the onus of forgiveness is on the borrowers, PPP lenders need to be prepared for the program’s unique auditing challenges.
How to uncover revenue opportunities with data Aug 01st 2021 12:08am on Focus, Software, Tech Community banks are sitting on years of institutional data about their customers. Experts say putting that data to use can help community bankers make strategic decisions to better tailor their services and boost profitability.
Why internships could benefit your community bank Aug 01st 2021 12:08am on Banks, Focus, General, Industry Insight, Operations & Management An internship provides opportunities for young people to be exposed to an industry and lay the groundwork for a future career. For community banks, they can be a tool for finding the right long-term talent they need.
Build a strategy to drive your technology budget Aug 01st 2021 12:08am on Focus, Software, Tech Assessing how to pay for innovation can be tricky. There are numerous solutions out there, each with its own timeline for implementation, training and return on investment.
Is CRE lending bouncing back? Jul 01st 2021 12:07am on Consumer, Focus, Lending Commercial real estate lenders had a stellar year in 2019, but the pandemic hurt that momentum. According to experts and the latest data, however, some sectors of the CRE lending market are beginning to move full steam ahead, and deposit-laden community banks, like Cadence Bank, are primed to fulfill that demand.
Your 2021 physical security assessment checklist Jul 01st 2021 12:07am on Compliance, Focus, Fraud/Security, Safety & Soundness, Tech While social distancing measures may be eased in many areas, they’ve had a large effect on branch security over the past year. Here’s what to look for when doing a physical security assessment to account for the latest trends in customer—and criminal—behavior.
What’s a special-purpose credit program? Jul 01st 2021 12:07am on Compliance, Focus, General In an effort to help financial institutions expand access to credit, the CFPB recently addressed regulatory uncertainty around special-purpose credit programs, or SPCPs. These programs are intended to help those who would not otherwise have access to credit.
What young borrowers want in the loan journey Jul 01st 2021 12:07am on Consumer, Focus, Lending Younger borrowers have different expectations when it comes to how they bank and do business. The needs of these digital-first customers are leading some community banks to prioritize digital loan processes that make the loan journey more efficient.
How cryptocurrency may be going mainstream Jul 01st 2021 12:07am on Focus, Other / Payments, Tech, Trends Beyond all the hype, cryptocurrency has unequivocally gained a loyal following, and mainstream financial players are taking notice. Is it time community banks got involved in crypto? One community bank has found its entry to the market.
