The Columbus Dispatch的动态

I read through the article and was able to internalize all that I've seen across the financial services industry, particularly with the deposit flows over the past decade and the dialogue that has taken place with boards, executive teams, leadership groups and ALCO. When we as executives and leadership teams discuss the growth of our membership or customer base, we often correlate the performance to our relevancy within the community and initiatives, which are 'typically' tied to metrics oriented towards growth (members, deposits, relationship depth, share of household, etc.). As these initiatives and discussions correspond to ALM principles, and ultimately pricing, the insights from Chief Deposit Officers in the article from The Financial Brand support the pillars of data (sensitivity), that the core depository relationship isn't about the price, rather the intangibles. That isn't to discount the role of a broad array of depository products, or acknowledging the membership cooperative nature of returning 'value' in the dividends, but the crucial dialogue needs to be how does your credit union, bank or fintech define the intangibles, communicate them internally and make it known where your excel to your target market and construct a competitive offering? Strategically, competing on price isn't sustainable, which among many other sources, Andy Grove points out in "Only the Paranoid Survive". As leaders, our task is to identify those intangibles and lean into them, promoting them internally and externally. Give it a read, and reflect with some critical thought; are you running a core business or a wholesale entity? Each requires a vastly different business model. #deposits #members #creditunions #strategy #ALM

It sometimes amazes me that some credit union leaders have bought into the myth that "branching as a growth strategy is dead." Building branches in the right locations is still the best way to grow core deposits—you attract new members and expand your influence. Even the big boys like PNC are following a branching-for-growth strategy. They're closing under-performing branches and building new branches in better locations. It's a proven strategy ... and it's alive and well in today's market. https://lnkd.in/efRPrwSW #creditunions #credituniongrowth #coredeposits #designbuild

The megabanks, coming from the likes of Fifth Third, PNC, and Citizens Financial Group, are forecasting seismic shifts for CRE business models. Tim Spence, chairman, CEO, and president at Fifth Third Bank, predicts rising capital requirements will force banks to reevaluate their activities, potentially exiting businesses where they can't compete profitably without greater client support. Industry consolidation could be on the horizon too, he says. "It's hard to imagine that there are going to be 4,000 banks in the future. Whether it's 1,000, 2,000, or 3,000 banks, you're going to see some consolidation." He believes that banks will focus on markets where they can neutralize the scale advantages of larger competitors. Meanwhile, William Demchak, chairman, president, and CEO at PNC, is urging regulators to allow more mergers to empower regional and smaller banks to counteract the organic growth of the largest U.S. banking organizations. Demchak warns that proposed revisions to M&A policies "would only serve to further accelerate the unhealthy consolidation at the very top of the banking industry."

Regional banks are poised for growth, but need the right tools to unlock their potential. ?? Amount is the key partner to help you elevate consumer and SMB lending originations. Our cutting-edge digital solutions streamline loan processes, enhance customer experiences, and boost operational efficiency. ?? By adopting Amount's technology, your bank can accelerate growth, improve productivity, and better serve your community. ?? Embrace the future of banking with Amount and take your bank to the next level. We are ready to go when you are....learn more at Amount. ????

Discover why top US banks like JPMorgan Chase & Co., Bank of America Citi, WellsFargo.com and BNY Mellon faced four days of market downturns despite mixed Q4 earnings surprises. #FinanceNews #USBankingSector #MarketTrends #fintech #banking #news #finance https://lnkd.in/eKrPNJQx

Looking at the recent developments in the banking industry, it seems like financial institutions are not sure what to do with the branch network. And now we have one of the bigger financial companies, JP Morgan Chase, doubling down and adding hundreds of more branches. What do you think about this trend? Share your thoughts in the comment section.

Does America Need More Big Banks? The four universal megabanks that now dominate the economy — JPMorgan Chase, Bank of America, Citigroup and Wells Fargo — have grown significantly As we witness the continued growth and consolidation of large banks, it becomes imperative to reflect on what kind of banking system will best serve the needs of Americans. The diversity of our current banking landscape, with its mix of community banks, regional lenders, and megabanks, offers a range of services tailored to different segments of the economy. However, the trend towards consolidation raises concerns about the potential impact on competition and consumer choice. Regulators must carefully consider the implications of further consolidation and mergers, especially among the largest banks. A clear strategy to promote healthy competition is essential to ensure that the banking sector remains safe, resilient, and responsive to the needs of all Americans. As we navigate the challenges of a rapidly evolving financial landscape, it is crucial that we work towards a banking system that serves the best interests of our economy and society as a whole. #banking #communitybanking #commercialbanking #regulatorycompliance #regulatory

I enjoyed speaking to Marketplace by APM’s Justin Ho for a story broadcast on NPR about the current regional bank #earningsseason. It’s often said pressure creates diamonds — and banks are certainly facing pressure. Dramatically higher #deposit expense is compressing #NIM. Uncertainty around existing #CRE portfolios is driving up credit loss provisions. More stringent requirements for new #commerciallending is limiting new loan activity. Ominous signs for a changing #regulatory environment are creating concerns around future operational requirements. To say it is a hard market would be an understatement! But amidst those pressures there is clear evidence of diamonds starting to emerge. Banks that are executing cost-effective strategies for growing and sustaining deposits, driving towards new levels of sustainable efficiency, applying more proactive rigor to regulatory requirements and changes, and defining and delivering against emerging strategic opportunities (e.g. #smallbusinessbanking, #treasurymanagement, #wealthmanagementservices, #Baas, inorganic growth, and more!) will emerge stronger than ever. Feel free to reach out to hear more about what West Monroe is seeing in the market, and how we are helping #banking and #creditunion clients shine! Chris Caulfield Tom Collins Neil Hartman Jordan Sternlieb Brett Mastalli Jennifer Roths Roger Taylor Michael Guckian Adam Keen Dana Twomey Joshua Hoppes Nathan Porter Corey Coscioni Dave Wexler

Explore how JPMorgan Chase & Co. led by CEO Jamie Dimon achieved a historic year in banking profit, defying expectations with a potential NII of $90B in 2024, despite facing significant charges and rising expenses. #Finance #JPMorganChase #BankingSuccess #banking #news #finance #fintech https://lnkd.in/egPp7HvN

For the first time in more than a decade, banks opened more branches than they closed across the U.S. in 2023 —?net gain of 94. Pennsylvania followed the trend, up 17. The last time the commonwealth saw branch growth was 2019, when some very large banks embarked on national branch expansion, and that's underway again now and into the next few years. Chase's new expansion of 500 new branches is about 25% bigger than the prior effort, which brought it to Pittsburgh. But Pittsburgh didn't see branch growth topping consolidaton last year and it's not positioned to benefit from the 2024-2028 burst. Here's why. https://lnkd.in/ewRayvqA