Could AI work at your community bank? Nov 01st 2019 12:11am on slide, Software, Technology, Trends Could AI work at your community bank? Nov 01st 2019 12:11am on slide, Software, Technology, Trends No longer the stuff of science fiction, artificial intelligence and machine learning technology are now in use at community banks for a growing number of internal and customer-facing applications. By Karen Epper Hoffman • Illustrations by Mark Allen Miller Taking a page out of the show Black Mirror, coverage of today’s technology paints a picture […]
Why these banks are supporting women entrepreneurs Nov 01st 2019 12:11am on Banks, Education, Industry Insight, Membership, People, slide In the past half of a century, women have gone from a small part of the business community to a significant—and fast-growing—segment. In fact, women start an average of more than 1,800 businesses across the country each day. How can community banks form mutually beneficial relationships with this burgeoning group of business owners? By William […]
Libra: What it means for community banks Nov 01st 2019 12:11am on Advocacy, Membership, slide, Technology, Trends When the social media titan announced that it is developing its own cryptocurrency, it shook the financial industry. But what is Facebook planning? How is Libra structured differently than the thousands of previous cryptos? And what are policymakers saying about Facebook’s plan to expand into currency? By Colleen Morrison With 2.41 billion monthly active users, […]
From BSA to banking cannabis: ICBA’s advocacy agenda Oct 01st 2019 12:10am on Advocacy & Policy, Legislation, Regulation / Compliance, slide Community banks and ICBA have a lot to celebrate, from legislative victories to a more level playing field. But that doesn’t mean our work is over. There are still plenty of regulatory and legislative opportunities that ICBA continues to fight for. Read on to learn about the agenda ICBA will advance in 2020 and how […]
The high and low tides of coastal banking Oct 01st 2019 12:10am on Banks, General, Industry Insight, Lending, slide Travelers come and go from resort destinations, but the community banks that serve these coastal communities remain, regardless if it’s peak season or if a tropical storm is brewing. But what’s it like behind the postcard? Coastal banks deal with cash-heavy businesses, shipwrecked collateral—and even sand in their branches. By Judith Sears Only about 7,000 […]
Wealth management services that millennials want Oct 01st 2019 12:10am on Products & Services, Retail, slide, Technology, Trends As millennials near 30 or even 40, they’re becoming prime targets for financial planning and wealth management services. Here’s how some community banks are offering engaging wealth management services tailored to the needs of these digital natives. By Cheryl Winokur Munk Community banks realize that they need to attract millennials to thrive. That’s a given. […]
Meet the winners of ICBA’s 2019 National Community Bank Service Awards Sep 01st 2019 12:09am on Banks, General, Industry Insight, Leadership, slide ICBA’s 2019 National Community Bank Service Award winners didn’t blink when their communities faced challenges. Whether they’re helping their community recover from devastating forest fires, investing in first responders or even spreading financial education, these community banks are rolling up their sleeves and improving their communities. Grand National Winner Golden Valley Bank Assets: $350 million […]
Why your bank should be budgeting for the big picture Sep 01st 2019 12:09am on Banks, Boardroom Issues, General, Industry Insight, Leadership, Operations & Management, slide 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 Sep 01st 2019 12:09am on General, Operations & Management, slide 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, […]
Independent Banker’s most innovative banks of 2019 Aug 01st 2019 12:08am on Banks, Business, Industry Insight, Lending, Products & Services, slide, Technology, Trends These five community banks are all making bold changes in different ways. They’re finding their own forms of pushing the envelope, whether it’s leading the charge in a new line of business or developing high-tech solutions that will benefit the entire community banking industry. What unites them is a willingness to think outside of the box. Based on nominations, here are five community banks that we think are leading the pack when it comes to innovation.
