We are pleased to announce Oxford Bank & Trust - Addison, IL as our third Community Banking Month winner!
We are pleased to announce Hastings City Bank - Hastings, MI as our second Community Banking Month winner!
We are pleased to announce 1st Community Bank as our first Community Banking Month winner!
In the previous post we explored the concept of funds transfer pricing (FTP), but only on the surface level. Now for the good stuff: how should the FTP rate be assigned? Well, in a number of ways from the simple to the complex. Like a lot of things in life, simple means fast, easy, less data, good enough; whereas complex requires lots of patience and data for a little more accuracy.
Your community bank has a website. You hired a FinTech professional to make it look great. Chances are you're ready to take the Internet banking world by storm. But just to make sure, check that you've got these five things employed (and visible!) on your site. You'd be surprised how many seemingly perfect websites are missing out on these vital opportunities!
One of the worst ways to get someone to do something you want is to tell them what to do. Most parents learn that lesson the hard way. The better way to incent certain behaviors is to have the other person see the benefit of exhibiting the desired behavior.
***Your Domain name can be used to SPOOF emails to anyone.***
As a CEO or CFO of a community bank, you are well aware that mega banking institutions are investing heavily in innovative technologies designed to take customers away from you. Having serviced the industry for over 25 years, I've seen many changes, but none as profound as outlined in two recent articles highlighting the impact of FinTech.
For #CommunityBankers who are curious