It’s essential that community banks understand and leverage their position in the small business marketplace for the health of our communities, our country and the economy.
As a result of COVID-19, some bank functions are being done remotely. But what about transitioning to a new core provider? Both banks and vendors report that there are clear benefits—and some drawbacks—to switching core systems remotely.
Two rising technologies, faster payments and cross-border payments, are coalescing as more countries lay foundations to make such transactions possible. Experts say the U.S. is on a path to becoming one of them.
At the start of 2020, Barwick Banking Company relied on paper ledgers and didn’t offer debit cards, let alone online banking. Now, a year later, the community bank in Barwick, Ga., offers all of that—and more—with an eye on expanding into new markets.
Community banks can protect their small business customers—and themselves—from cybersecurity attacks and data breaches with ongoing cybersecurity education programs.
COVID-19 has exacerbated vulnerabilities to fraud. To combat this trend, Tompkins VIST Bank has been delivering valuable education to its small business customers to keep them informed and protected.
At this time in 2020, community banks were feeling the first rumblings of COVID-19’s impact on their institutions and customers. Early on, community banks found themselves at the forefront of economic relief, helping to process more than 4 million Paycheck Protection Program (PPP) loans.
Recent data shows that the pandemic has allowed fraud to grow. Cybersecurity experts share ways for community banks to prevent potential attacks, as well as information to pass onto customers to arm them with fraud prevention strategies.
Community banks are building relationships through an active, thoughtful presence on social media. Rather than a distraction, these platforms are an extension of the close customer relationships that community banks foster. Here, experts share their top strategies for a winning social media presence.
Online events and meetings have become par for the course for many community banks and their customers. Refresh your virtual event planning with advice from one of ICBA’s event experts—and be inspired by this month’s ICBA Connect.