Operations & Management articles

Why your bank should be budgeting for the big picture

Why your bank should be budgeting for the big picture

Your community bank’s strategic plan often takes things like innovation, growth and succession planning into account, but does the budget? How can your bank plan for these often unpredictable expenses in its budgeting process? Experts say it requires doing your homework, reassessing your budget more frequently and, yes, accepting some risk. By Kelly Pike • […]

How to keep a closer eye on your bank’s contracts

Consultants bring specialized skill sets that can be valuable in areas where bank leaders don’t have experience, such as negotiating contracts and vendor management. Here’s why hiring the best consultant team could keep expenses low and better equip your bank to handle the industry’s curveballs. By Elizabeth Judd ■ Illustrations by James Steinberg In 2016, […]

Five steps to building an effective deposit strategy plan

Provided by Detalus | Building an effective deposit strategy plan is an integral tool to acquiring new, and retaining existing, deposits. It is more than a mere strategy exercise. The plan should be looked at as a working blueprint for achieving your bank’s goals for deposit mix and funding sources, as set by your asset liability committee (ALCO). Here are the five steps for designing, organizing and implementing a results-oriented plan.

How to hire when everyone has a job

Today’s unemployment rate is at its lowest point in decades, so how is your bank supposed to attract talent fresh out of college or from another industry? The good news is that community banks have tools that they can use to recruit the next generation of bankers.

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