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Today we sit down with Natasha Drozdak, Director of Digital Strategy & Delivery for SouthState. We discuss the importance of creating value through digital banking channels, the lasting effect of the pandemic, and how community banks can use digital banking to grow their business. REGISTER FOR OUR COMMERCIAL LENDING WEBINAR HERE Claim Your Free Refinance…

Today we sit down with Brian Bauer and Sanjay Bhaskar from Revio, a revenue-enabling customer insights platform designed for community banks. We discuss the challenges associated with deciphering your bank’s data and how to leverage it to uncover new revenue opportunities. Claim Your Free Refinance Ebook Here The views, information, or opinions expressed during this…

Recently, the American Banker hosted their annual Small Business Banking Conference in Nashville, and as always, it was one of the better banking conferences of the year. This conference is crucial because it provides insight into small business banking and has a good mix of essential banking-focused topics with a heavy emphasis on the customer…

This week we throw it back to one of our favorite episodes with Lee Wetherington from Jack Henry. The views, information, or opinions expressed during this show are solely those of the participants involved and do not necessarily represent those of SouthState Bank and its employees BOOK A REFINANCE STRATEGY CALL WITH OUR TEAM HERE…

If one product is the future of banking, it is treasury management. With a competitive offering, it will be easier to attract the small business and mid-sized companies that a bank needs to fuel its core growth. In this article, we detail the five steps to building a treasury management strategy, provide some tools to…

In the wake of regional bank failures, one potential answer to equity shorting and bank runs is having the FDIC increase deposit insurance.  The regulators are considering three options: raising the limit above $250k, raising the cap for only certain accounts (such as banks’ business accounts), or eliminating the cap entirely.  Increasing insurance coverage on…

Adjusting pricing for deposit tiering according to account size is essentially a tradition in banking. A typical bank’s money market accounts often have six tiers ranging from $2,000 to $100,000. The question that always comes up is whether you have suitable tiers and the correct number of tiers. Are you using your tiers to drive…

In the quest for deposits, one successful tactic at top-performing banks is to target the right types of customers. While desiring to bank everyone in your community is noble, it can be a poor use of resources. Some customers offer better returns because they use more banking services and have more deposit balances. Not to…

In our industry, many banks need to put more thought into the science and strategy of deposit promotions. This is, unfortunately, occurring as the number of deposit promotions is approaching a near-term high, and banks are throwing away money like an untargeted ad campaign. Not leveraging media, not having a current deposit pricing strategy, not…

Today we’re speaking with Glenn Grossman, Director of Research with Cornerstone Advisors. We talk about how banks are carving outs “niches” to serve specific needs of customers that are often overlooked. The views, information, or opinions expressed during this show are solely those of the participants involved and do not necessarily represent those of SouthState…

This week we are excited to bring back one of our most popular guests, Lee Wetherington from Jack Henry. Caleb and Lee discuss open banking, the lasting effects of Covid on digital adoption, and what community banks need to be thinking about for the future. The views, information, or opinions expressed during this show are…

The banking industry’s cost of funds (COF) is highly correlated to short-term interest rates.  However, as of Q2/22, the average community bank’s COF has risen only a few basis points.  Community banks should be concerned about their COF because looking at current deposit conditions is like driving a car while looking at the rearview mirror….