Patriot Financial Partners

What can you learn from a group of top performing banks? Here is a recap of the S&P Global 's 2024 Community Banking Conference packed full of great speakers: Dan Marks, Paul Egge, Caspar Bentinck, Lindsey Piegza, Ph.D., Kelly A. Brown, Greg Muenzen, Siya Vansia, Barry Ripes, Joshua Siegel, Matthew Veneri, Darin Mellott, Brendan Browne, Nathan Stovall and more!

Latest Street Talk podcast — The knife fight for deposits could spur more bank deals — Deposits and liquidity remain at the forefront for most bankers and the intense competition for core funding will eventually lead to a resurgence in M&A activity. That was the message delivered by a variety of presenters at S&P Global Market Intelligence’s annual community bankers conference on May 20 and 21, but they acknowledged that transactions face some challenges in the near term, including lower valuations, fewer would-be buyers and regulatory pressures that tend to require more capital in deals.?Thanks to the terrific presenters who were included in the episode: Kelly A. Brown at Ampersand, Inc.; Greg Muenzen at Curinos; Joshua Siegel at StoneCastle; Umrai Gill at Performance Trust Capital Partners; Jonathan Hightower at Fenimore Kay Harrison LLP; Scott Studwell at Stephens; Caspar Bentinck at Piper Sandler; Matthew Veneri at Janney Montgomery Scott LLC and Kevin Stein at Klaros Group's Klaros Capital. https://lnkd.in/ea3XiKga

?? Insights from the Federal Reserve Meeting: What Lies Ahead for Interest Rates and Economic Growth? The Federal Reserve's recent decision to maintain its key interest rate unchanged has sparked curiosity about the economic landscape ahead. Here are a few insights from the Federal Reserve Meeting that stood out: ?? Interest Rate Stability: The Federal Reserve has decided to maintain its key interest rate unchanged, holding steady at a 23-year high. ?? Projected Interest Rate Cuts: Expectations for three interest-rate cuts in 2024 have been projected, despite recent consumer-price growth. ?? Confidence in Inflation's Trajectory: The Fed remains confident in inflation's downward trajectory, supported by projections of stronger growth in both the economy and prices. ?? Optimistic Unemployment Forecast: The forecast for unemployment indicates optimism, with a projected rate of 4% by 2025, slightly below previous estimates. ?? Data-Driven Decision-Making: Chair Jerome Powell reiterated the Fed's commitment to data-driven decision-making, emphasizing readiness to adjust policy as needed. ?? Market Response: Market's initial response to the announcement was positive, with stocks rallying and Treasury yields mostly lower. ?? Long-Term Outlook: Looking ahead, the Fed's "dot plot" indicated three cuts in 2025 and beyond, signaling a cautious approach to long-term economic stability. ?? Stay Tuned for More: What factors are shaping the Fed's projections, and how might they influence economic growth and stability in the coming months? I would love to hear your comments below! #Economy #Finance #Business #Leadership

"The?banks that failed in 2023?shared one key similarity: high concentrations of?uninsured deposits. Yet regulators like the Federal Deposits Insurance Corp. remain convinced that the real cause was "poor management" — and that the?solution?lies in more bank supervision and maintenance. While this may be useful, regulators should also consider another strategy if they want to address the nagging problem of uninsured deposits and improve bank stability in 2024 and beyond. Principally, they should reconsider their assumptions and definitions governing core and brokered deposits." Read more from Ampersand Chief Strategy Officer Reid Thomas in American Banker, below.

Thanks for the shout out Al Dominick and our friends at Cornerstone Advisors !

Great insight from Chris Nichols!

Kirk Wycoff Scott Gamble Kelly A. Brown and Jim Deutsch are looking forward to seeing all of our friends and colleagues at Bank Directors conference in sunny Phoenix,AZ. We hope to see you there!

Kelly A. Brown provides insight to how AI is shaping the world of financial services! Take a moment to get caught up on this latest trend in technology!

Our team is incredible and if your bank or fintech hasn’t spoken to us yet, you should. Visit us at www.patriotfp.com and learn how one of the top PE firms in banking can help you!

Insured or uninsured. American Banker hits another homerun with this article. If you are a banker and don't subscribe, look into it. It is the most up-to-date information for you to make critical decisions.