By Nelson Hidalgo
Whether you agree with
current trade policy or not, chances are if you’re a small business owner that
relies on Chinese materials and goods, you’re taking a close look at your
supply chain and borrowing options. That’s because the cost of doing business
for these firms is going up. That coupled with the uncertainty of how long the
trade war will last means that for many companies in our own backyard, having a
plan to mitigate its effects is a growing business priority.
By Ryan Barrow
From the SunTrust-BB&T
(now the recently announced Truist Bank) mega merger on down, the retail
banking industry finds itself in a period of sustained consolidation. For many
community and regional banks (particularly those in metropolitan areas) that
are forced to compete with much larger banks and are looking to grow, an
acquisition of a smaller institution or participation in a merger of equals has
been the primary strategy for growing deposits.
By Mary Ellen Biery
a community financial institution spends a lot of money on technology, the last
thing management wants is to be disappointed. It’s actually the last thing the
technology provider wants as well – if the vendor plans to stay in business.
Former BankNews Media owner and publisher Joseph Holman passed away Friday, Sept. 6.
By Jay McAnelly
As customers save for children’s college expenses, prepare for retirement and manage their finances through other life stages, there is a real opportunity for community banks to help them reach their financial goals. In fact, a recent study from J.D. Power reveals that 78 percent of U.S. retail bank customers are interested in receiving financial advice or guidance from their bank. Community banks can position themselves to meet this need by making financial planning a part of their offering. In addition to driving customer satisfaction and loyalty, it can also create new sources of revenue and growth. If you’re a community bank leader contemplating ways to build out a financial planning capability for your customers, here are three strategies to get started.