Millennials frequent independent coffee shops and farmers markets, so it stands to reason they'll see the appeal in community banks. Meanwhile, smaller lenders can court young people by appealing to their entrepreneurial spirit.
Transparency about the diversity of companiesÂ' workforces can promote the hiring and advancement of women, while role models like Janet Yellen help pave the way for more female leaders.
BB&T successfully bought a number of thrifts in the aftermath of the S&L crisis. Retired BB&T CEO John Allison explains his companyÂ's success while discussing how he sold deals to leaders of target institutions. Part 3 of 5.
Disaffected big bank customers are looking for a reason to switch. Community banks and credit unions should take advantage of this opportunity with a collective ad campaign that positions their institutions as friendly, helpful and morally upright alternatives to major lenders.
Most customers who go into bank branches aren't in the mood to entertain a forceful sales pitch. But if they're pleased with the service they receive, they'll be a lot more willing to learn more about a bank's additional offerings.
If we hope to achieve pay equality and see more women in leadership positions, women need to ask for what they believe they deserve, and companies must change ingrained attitudes toward those who do so.
Board members at smaller banks tend to dismiss the importance of the annual self-assessment process. But as board governance attracts growing regulatory scrutiny, directors should embrace the chance to identify areas for improvement.
