By assessing internal needs, planning how to deal with the external pressures and weighing the value of a good risk chief, banks can make an informed decision on who guides their risk management program.
New technology from Apple and others can help banks create appointments, share offers, crowdsource customer service and identify their best customers, all in real time.
Contrary to sensationalistic headlines, community banks remain the lenders of choice for small businesses, who appreciate these institutionsÂ' expertise and personal attention.
Big banks have discovered that mobile banking is their best bet for combating deep consumer distrust and rampant turnover. Small banks can overcome their lock on mobile by playing up the strengths of their existing business model.
Private student loans are an asset class that has been a solid performer. There are few better ways to invest in the rebuilding of America than investing in our children and providing the means for a college education.
Bank CEOs, particularly those running small banks, shouldn't be judged on stock price alone. Board members and investors should also consider, among other things, liquidity, tangible book growth and oversight of mergers and acquisitions.
Banking is increasingly a data-driven business. By creating a shared data and analytics utility, community banks could glean valuable insights on their business currently available only to large institutions.
A focused strategy, executed by engaged, committed members of the board, management and staff in a culture that supports taking measured risk, sets the stage for success.
