Why we need Black-owned banks Feb 01st 2021 12:02am on Advocacy & Policy, Banks, Industry Insight, Regulation / Compliance, slide Why we need Black-owned banks Feb 01st 2021 12:02am on Advocacy & Policy, Banks, Industry Insight, Regulation / Compliance, slide Black-owned community banks have a long history of serving Americans historically left out of the mainstream banking system. Many well-established community banks continue this legacy today, but one troubling trend has emerged in the past two decades: The number of Black-owned banks is steadily declining. How can the industry advocate for change to help these banks—and their customers—thrive?
How community banks serve immigrants Feb 01st 2021 12:02am on Banks, Consumer, Focus, Industry Insight, Operations & Management, Regulation & Compliance, Retail When people come to live in the U.S. from other countries, they often don’t have an American credit history, identification or other typical requirements of the account-opening or loan process. But community banks are finding ways to serve this growing population while mitigating credit and compliance hurdles.
Holding true in tough times Feb 01st 2021 12:02am on Banks, Connections, Industry Insight When New York City was the epicenter of the COVID-19 pandemic, Maspeth Federal Savings Bank responded with a community-focused campaign that helped save local businesses and improve the lives of essential workers.
Community banks in four corners of the country Feb 01st 2021 12:02am on Banks, Industry Insight, slide There are community banks in every corner of the country—it’s one of the hallmarks of this industry. While each is unique, what unites them is their dedication to their customers and communities. We spoke with four banks near the four cardinal points of the U.S. to learn more about them and their communities.
Community Bank CEO Outlook 2021: What’s the path ahead? Jan 04th 2021 04:01pm on Banks, General, General, Industry Insight, Leadership, Operations & Management, slide No Magic 8 Ball could have predicted the year community banks had in 2020. What will 2021 bring? Independent Banker’s annual Community Bank CEO Outlook survey asked bank executives how they plan to move their institutions forward this year, from growing revenue to boosting marketing. The results of this year’s survey show a very different set of challenges—and opportunities—for industry leaders.
Why going public is still an option Jan 04th 2021 04:01pm on Banks, Corporate Goverance, Industry Insight, Leadership, slide In recent years, some community banks have made the decision to go public as part of their strategy for growth. In 2020, however, COVID-19 cast uncertainty over the market. But experts, including community bankers who recently made the decision to go public, say community banks should chart their own path for growth.
2021’s lending outlook: cautious optimism Jan 01st 2021 12:01am on Banks, Focus, General, Industry Insight, Lending Many community bankers are cautiously optimistic that this year will bring the same, if not more, demand for loans. They also describe a year that may bring opportunities to gain market share from big banks amid continued uncertainty.
Who are 2020’s Best Community Banks to Work For? Dec 01st 2020 09:12am on Banks, General, General, Industry Insight, Leadership, Operations & Management, slide Based on anonymous employee surveys, our Best Community Banks to Work For awards recognize community banks whose workplaces have not only endured 2020’s challenges but gone above and beyond.
How COVID-19 has disrupted retail banking Dec 01st 2020 09:12am on Banks, Industry Insight, Operations & Management, Retail, slide The pandemic has disrupted the world of retail, and retail banking was no exception. Community banks adapted to COVID-19 restrictions to meet the needs of customers, embracing new and existing branch trends.
TFNB Your Bank for Life: Where the staff takes ownership Dec 01st 2020 12:12am on Banks, General, General, Industry Insight, Leadership, Operations & Management
