OFFICIAL PUBLICATION OF THE INDEPENDENT COMMUNITY BANKERS OF COLORADO

July 2024

Beyond The Screen

The Value of In-Branch Banking for Young Consumers

Is in-branch banking regaining popularity? Over the last few years, factors have pushed financial institutions to prioritize digital and mobile banking projects to allow for remote transactions, but bank and credit union leaders should not count the branch out just yet. In fact, some of the largest institutions in the U.S. are opening new retail banking locations. JPMorgan Chase, Bank of America and Wells Fargo announced an expansion of their physical footprints earlier this year, even entering new markets to address specific needs of their account holders. Should you, too?

Beyond The Screen

The Value of In-Branch Banking for Young Consumers

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Unlock More Profitable Customer Relationships

Finding the right price for a customer’s deposits or loans can be a difficult balance. Relationship pricing involves looking at your customer’s entire relationship of loans, deposits, fee income and other products to determine the customer’s overall profitability and using this information to make strategic decisions on pricing for renewals or new products. This pricing strategy can have a significant effect on both customer relationships and your bank’s overall profitability.

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The Meek …

Inherit a Prominent Place in Bond Portfolios

There are a whole lot of anomalies in community banking in the waning stages of this restrictive Fed cycle. One of the overriding themes is the sheer duration of the process. We’re now fully one year past the last tightening, which has left the effective overnight rate at 5.375% since July 2023, and given rise to the “higher for longer” sound bite. The past six tightening cycles have averaged well under a year between the last hike and the first ease. We will be soon approaching another record: the longest-ever pause between the last hike and the first cut is 15 months, from June 2006 to September 2007.

The Meek …

Inherit a Prominent Place in Bond Portfolios

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The Value of Mentorship in Banking

Cultivating the Next Generation of Leaders

In the dynamic and highly regulated world of banking, leadership plays a pivotal role in navigating complexities and driving organizational success. Mentorship stands out as a critical tool in developing the next generation of leaders.

The Value of Mentorship in Banking

Cultivating the Next Generation of Leaders

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SBA Loans for Startups

Debunking Myths and Laying Out Facts

Navigating the world of finance can be particularly daunting for startups, with misconceptions abound regarding their eligibility and the practicality of securing Small Business Administration (SBA) loans. As CEO of B:Side Capital, I’ve encountered numerous entrepreneurs who are either unaware of their options or are dissuaded by myths surrounding SBA loans. This article aims to debunk these myths and lay out the facts about SBA loans for startups, providing clarity and direction for new business owners seeking financial support.

SBA Loans for Startups

Debunking Myths and Laying Out Facts

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Why More Community Banks Are Choosing to Outsource Their ATMs

Challenges Facing FIS in Today’s Consumer Landscape

The biggest challenge that banks are facing in today’s competitive landscape is cost. The pandemic changed the world as we know it, and ATM transaction volume was not immune to these changes. Since COVID, transaction volume at ATMs has declined by about 10-20%. Some markets are different from others, but the decline is showing up everywhere. ATMs have a high fixed cost component, and when transaction volumes decline, per-unit costs increase. Add stubborn inflation to the mix, and the result is a quite significant and highly visible cost challenge.

Why More Community Banks Are Choosing to Outsource Their ATMs

Challenges Facing FIS in Today’s Consumer Landscape

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Risks of Using AI in BSA/AML Compliance

Artificial Intelligence (AI) is transforming the banking industry, including compliance with the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations. While AI offers significant advantages, such as enhanced efficiency and improved detection of suspicious activities, it also introduces unique risks. We will explore these risks and provide insights into how community banks can manage them effectively.

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