BankNews.com

BankNews

Alaina Webster

Young Employees Want Banks to Bring the “Sexy” Back

By Alaina Webster, Managing Editor 

While attending BAI Beacon in Orlando, Fla., I had the privilege of speaking with three members of the organization’s “Emerging Leaders” program, individuals handpicked by BAI as being among the best new talent to enter the financial sector. Having been selected in previous years, these Leaders now serve as advisors to incoming participants. All three hold various positions at financial institutions of all sizes across the country, but they were uniform in their passion for the industry. Moreover, they did not hold back when it came to discussing what’s missing as banks and credit unions struggle to attract younger employees in a tight labor market.

(more…)

Meet New England’s 125-Year-Old Startup

How Belmont Savings Bank increased year-over-year earnings by more than 50 percent — without acquisitions.

By Alaina Webster, Managing Editor

Learning that his community-focused Belmont Savings Bank was listed in Fortune magazine’s 2017 list of “100 Fastest Growing Companies” came as something of a shock for President and CEO Robert “Bob” Mahoney.

“I said, ‘Oh, really? The fastest growing 100 companies in New England?’”

No, Fortune’s representative corrected him, “This is the fastest growing 100 companies in America … You’re number 41.” (What’s more, the bank recently made the list again in 2018.)

(more…)

Young Bankers Wish Banks Would Function Less Like Banks, More Like Tech Startups

Three industry newcomers weigh in on workplace culture, hiring and the impact of the Great Recession.

By Alaina Webster, Managing Editor

Recently, while attending the 2018 BAI Beacon in Orlando, Fla., I had the opportunity to sit down and speak with three of the organization’s “Emerging Leaders.” Having been selected in previous years, the trio now serve as program advisors to other incoming Leaders. During our roughly 45 minute conversation, we covered topics ranging from what attracted them to banking to what people in their generations (spoiler: they’re not all millennials!) find attractive in prospective and current employers.

(more…)

The Highs and Lows of Marijuana Banking

By Alaina Webster, Managing Editor

When I was in high school (some indeterminate number of years ago), the idea of legal marijuana consumption was unthinkable. Fast forward a couple decades, and cannabis legalization is not only being talked about, it’s a reality in several U.S. states. However, it’s still not legal federally, and therein lies the rub for many banks and marijuana-related businesses (MRBs).

(more…)

How to Play the Name Game

What should banks consider before rebranding with a new name?

By Alaina Webster, Managing Editor

In today’s “always on” environment, many consumers have seemingly unlimited choices, and companies, including banks, often struggle to differentiate themselves from competitors. Rebranding or relaunching can be one way to stand out from the herd, and changing a company’s name is one of the most straightforward approaches. For instance, have you heard of BackRub? You have, actually — you just call it Google. Want a Brad’s Drink to go with your burger and fries? You do if you’re a Pepsi drinker.

Companies rebrand all the time, with varying levels of success, but there are right ways and wrong ways to do it, and the motivation behind the shift can determine the success of an endeavor.

(more…)

  • Sign Up

  • Categories

  • Archive

Software: Kryptronic eCommerce, Copyright 1999-2018 Kryptronic, Inc. Exec Time: 0.071418 Seconds Memory Usage: 3.801247 Megabytes
Kryptronic