Often in this space, we’ve written about how Washington has made community banks its personal punching bag. Sarbanes-Oxley, Dodd-Frank, the FDIC and other financial regulators – as well as Congress and the White House -- have not been friendly to community banks, all while bailing out Wall Street big boys. But at last, news hit quietly several weeks ago about a proposed … [Read more...]
Who Ya Gonna Call? Fraud Busters
How a Texas bank protects its senior-citizen customers with common sense and commitment. Scams aimed at vulnerable, trusting seniors seem to be a common practice among criminals these days. Robberies once committed at banks with ski masks and pistols have been replaced by cybercrime. We’ve spent a good deal of time of late chatting about Millennials. No doubt, the … [Read more...]
Banker’s brawl helps no one.
An article in the May 11 edition of The Wall Street Journal caught our eye last week. While the piece seemed to emphasize the rift between big and community banks, to us it seemed to serve up some lessons on how – or how not to – compete against the big boys of banking. In short, the story covered a spitting match between Camden Fine, president and CEO of the Independent … [Read more...]
5 Lessons Learned At Chick-fil-A
Even when it seems that criticism and competition will make feathers fly at Chick-fil-A, headlines tell a different story. Here at BankMarketingCenter.com, we’ve been interested of late in the lessons community banks and credit unions can learn from success stories in other economic sectors, which brings us to Chick-fil-A. Pull up a chair, grab some sweet tea – Chick-fil-A’s … [Read more...]
Pennies from heaven
Community banks in Massachusetts & Tennessee do good and reap unexpected rewards At BankMarketingCenter.com we’re big proponents of building financial literacy among community bank and credit union customers. Critics who may contend that financial education, while a community positive, doesn’t do much for an institution’s bottom line. But as American Banker reported a … [Read more...]