Posts by Riley Hutson
Recording: Navigating the Land of the Giants
Download Presentation (PDF) According to FDIC and S&P Global data published last year, 3% of the largest banks have about 83% of the deposits in the US. That leaves 17% of deposit accounts to find homes with 97% of the rest of the financial institutions out there. And the intervening year hasn’t helped that 97%.…
Read MoreChecks Don’t Matter, Primary Checking Accounts Do
By Kyle Dentlinger The Federal Reserve says check writing has declined almost 75% in the last 25 years. There were more than 4 billion checks written in 2000. Today, that number is around 750 million. And recently we’ve started to see both banks and retailers start to cool on accepting these standards of a bygone…
Read MoreRecording: Do Something Different: Small Business Growth Planning 2024-2025
Download Presentation (PDF) What Are Your SMB Checking Goals This Planning Season? Small business (SMB) customer growth is a priority for nearly every financial institution we talk to and it’s either already underway in 2024 or on the books in 2025. Too often SMB products at community FIs have been put on auto pilot and…
Read MoreGive Your SMB Accounts What They Need Most: Information Security Tools
By James Mason It’s very likely that if you ask any SMB owner what their biggest threat to running their business is today, information security, cyber attacks (and liability for attacks), and ID theft will be the ones at the top of their list. According to Infosecurity Magazine and Orange Cyber Defense, there’s a 77%…
Read MoreTake Financial Wellness Beyond “Nice to Have” Features
Digital estate planning can build a deeper one-stop financial relationship with your FI By James Mason The last fintech wave was decidedly driven, like today’s burst of interest in AI, by the follow-on effects of the new digital age that has altered the entire marketplace in the past 20 years. We saw it hit retail…
Read MoreHow to Win More SMB Business in This Market
By Gregg Early According to a recent Jack Henry article, the top 25 banks in the US account for 84% of primary banking relationships with SMBs. And community and regional FIs’ share of primary SMB banking relationships are declining due to megabanks and digital banks expanding their market share – from 28% in 2018 to…
Read MoreClient Story with Greater New Orleans Federal Credit Union
Download PDF Greater New Orleans Federal Credit Union was originally chartered in 1935. It was organized by employees of the New Orleans Bell Telephone Employees Federal Credit Union but now it serves six parishes and has $163 million in assets. We were fortunate enough to sit down with President and CEO Shelley Sanders and Chief…
Read MoreClient Story with Marquette Savings Bank
Download PDF Marquette Savings Bank has been in business in and around Erie, Pennsylvania for 115 years, with $1.2 billion assets under management. We had a chance to sit down with Senior Vice President of Deposit Operations Lisa Lopez and AVP and Retail Project Manager Madelynn Delgado to talk about their experience implementing a new…
Read MoreClient Story with Cornerstone Bank
Download PDF Recently we had the pleasure to sit down with Executive Vice-President of Retail Banking Altaf Ahmed and Vice-President and Retail Sales Manager Mark Lussier for Cornerstone Bank. The bank’s headquarters is in Worcester, Massachusetts, and it operates 10 branches across central Massachusetts. Cornerstone was formed in 2017 when two mutual banks that had…
Read MoreRecording: What’s New with Business Checking? BaZingBiz Checking
Download Presentation (PDF) The lifeblood of community banks and credit unions is SMBs because these businesses are the lifeblood of the communities these financial institutions serve. For the past two decades we’ve served more than 2 million customers and members and more than 400 community FIs, helping them deliver the best products and services to…
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