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The “5S Framework”  is a methodology for solving banking problems that banks can apply to determine the best strategic path forward. We outlined the background and the first couple of steps of the framework in Part 1 (Here). In this article, we cover the remaining three “Ss” of “Solve,” “Stress,” and “Sell” while looking at…

Today we sit down with Chris Nichols and Ed Kofman. They discuss our e-book, “The Top 12 Winning Strategies for Community Banks in 2025,” going into detail on the principles to succeed this year.   GET OUR NEW EBOOK: TOP 12 WINNING STRATEGIES FOR COMMUNITY BANKS IN 2025 The views, information, or opinions expressed during…

In Part 1 (HERE), we explained the why and how to use generative AI (Gen AI) for bank strategic planning. We highlighted how Gen AI changes the planning process and provided sample prompts.  In this article, we cover the remaining five steps and detail how to build a Monte Carlo model to test your initiatives….

In our final episode of 2024, Chris Nichols sits down with Steve Smith from Accenture to discuss the future of bank branching. GET OUR NEW EBOOK: TOP 12 WINNING STRATEGIES FOR COMMUNITY BANKS IN 2025 The views, information, or opinions expressed during this show are solely those of the participants involved and do not necessarily…

Today we sit down with Davis Stewart and Gene Kirby from Heitmeyer Consulting to discuss the best strategies for effectively managing vendor relationships at your bank. GET OUR NEW EBOOK: TOP 12 WINNING STRATEGIES FOR COMMUNITY BANKS IN 2025 The views, information, or opinions expressed during this show are solely those of the participants involved…

Today Chris Nichols, Director of Capital Markets at SouthState, sits down with investor, writer, and artist, John Maxfield.  They discuss key lessons from bank failures over the years and what the best banks need to be doing to stay relevant in the future. Check Out John’s Writing Here: https://www.maxfieldonbanks.com/ Register for the Elevate Banking Forum: https://southstatecorrespondent.com/the-elevate-banking-forum/

When it comes to bank planning, your strategic horizon has a huge influence on your success. Recently, we published a piece urging banks to set their strategic planning horizon out longer (HERE). We were inundated with questions and opinions. Our overarching point was that banks underperform, in part, because their strategic planning time horizon is…

Banks consistently produce under their cost of capital. For example, at present, return on equity performance is about 12% for the average community bank. However, for the average bank, their cost of capital is between 9% and 14% depending on the bank’s equity liquidity with an average of 12.5%. Why is that? One answer is…

This week we are doing a deeper dive into strategic planning with Bert Purdy. Bert is a Partner at FORVIS and serves community banks around the country. 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….

This week we sit down with our own Steve Young to discuss the 5 key areas of strategic planning that SouthState focuses on. 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. SouthState Bank, N.A. –…

On our path to describing the Bank Strategy Cube framework, we laid down the four horizontal layers (HERE). In this article, we tackle the vertical layers that complete the cube. Where the horizontal layers pertain to strategy development at different parts of the Bank, the vertical layers provide the foundation for execution. These vertical layers…

A good bank strategy is a multi-layered cube. In this article, we present the four horizontal layers and then follow this article up with the vertical layers to round out the construction of the basic framework that can be used to set any bank’s strategic planning. The reality is that many banks fail to plan…