In the face of a possible recession, preparation and proactivity are key to making the most of economic uncertainty. Consultants, community bank leaders and other industry observers provide their tips for tightening up your community bank’s finances, increasing revenue streams and preparing customers for what’s ahead.
Community banks across the nation are breaking into markets outside their typical areas of operation. Here’s how four banks are successfully finding new locations, acquiring new customers and bringing convenience to existing ones.
As community banks grow, their vendor partnerships usually also do, which can lead to challenges with organization, data security and more. To address these issues, some community banks have turned to artificial intelligence.
The West Virginia community bank is helping small-business customers get the financing they need while continually seeking new ideas to plan for its own future.
A mass exodus of the U.S. workforce during the pandemic brought challenges in recruiting entry- to mid-level staff. These community banks share how they have (or haven’t) altered their hiring strategies.
Observing the gap in pandemic relief in south Florida due to a lack of local community banks, a trio of banking veterans teamed up to form a digital-first community bank—and were granted a charter in record time to support local businesses.