Many community banks and their dealership customers saw rising demand for recreational loans as consumers, including many first-time buyers, looked to boats, RVs and other vehicles for an escape during the pandemic. Experts say this sector will remain strong this year and beyond.
Craft Bank, Atlanta’s first de novo bank in more than a decade, was about to open—and then the pandemic arrived. Now open, it promises to give potential customers the ability to craft their banking experience.
For three decades, Cape Ann Savings Bank has operated a unique program where a branch operates within a local high school. It’s been a vehicle for multiple generations of students to learn banking basics and connect with the community bank.
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The beginning of a new year is a perfect time for leaders to reflect on how they connect with their employees throughout the year.
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.
When Derek Fraley joined Systematic Savings Bank as president and CEO in 2017, it was in trouble. To save it, he changed the community bank’s charter, launched an IPO and executed sweeping culture changes. The result: the bank has had four back-to-back positive quarters for the first time in more than a decade.
Realizing that many residents of the greater Charlotte, N.C., area face barriers to housing and financial prosperity, Uwharrie Bank is connecting with local organizations in a mission to uplift others.
When Midwest BankCentre launched a digital brand, Rising Bank, it hit its deposits goal within a month. Now, it’s also realizing business efficiencies that benefit both brands.