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Posts tagged with "efficiency"


Sure, Bank Branches Are Declining – But Let’s Keep Things in Perspective

Here we go again. We can probably count on a replay of these headlines with every quarterly bank earnings release cycle. Here’s a recent one, courtesy of CNN: “Why Bank of America Branches Are Disappearing.” The article begins with the concise statement, “The future of banking is here- and it’s mobile.” I agree wholeheartedly with this…

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5 Secrets to Turbo-charging Your Bank’s Performance

Before the Great Recession, most financial institutions were rolling along, reaping return on average assets (ROAA) in the neighborhood of 1.35 percent. ROAA nose-dived (along with practically every other economic and financial indicator) between 2007-2009, only to tick back up in 2010. From 2012 to 2016, the average ROAA was around 1.02 percent. In the…

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Efficiency, Cost Savings and Technology Are Top Priorities for Community FIs in 2017

We’re well into the first quarter of 2017, and there’s no question big changes are in store for the banking industry. With the new administration looking to ease the regulatory burden on the industry, community financial institutions are realigning their priorities — and shifting their focus inward. Our webinar with Ron Shevlin of Cornerstone Advisors…

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Uncovering Rocks to Find Innovative Cost Cutting Opportunities — Without buying cheap toilet paper

In college, my nutritional value came primarily from Ramen noodles and Pop-tarts.  I would add a little variety into my diet every now and then – such as switching from chicken to the pork flavor of ramen.  When I got tired of the same old cuisine, I employed a few food hacks like adding a…

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Leave the Boy Alone. It’s the Fed Who Cried Wolf.

Give me your tired, your poor, your huddled masses yearning for interest rates slightly higher than the infinitesimal chance I have of winning the Powerball! Maybe I’m being a bit dramatic, but the Fed has been beating their metaphorical drum about rate hikes being ‘just around the corner’ for what seems like an eternity. It…

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Stop Managing Today’s Bank Through Yesterday’s Eyes

Before you proceed further, please commit to the following items: Use a typewriter instead of a computer when you need to type a document. Don’t worry. The keyboards are identical and the output will be the same. Just say no to email. That’s right, after you format that letter on the typewriter, stick it in…

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Secrets from the huddle: 7 Strategies for Ending 2015 on a High Note

It’s back to school time again which means I am no longer the social director responsible for curing my children’s summer boredom. <Insert HIGH FIVE here!> With back to school also comes the onslaught of extracurricular activities. Accordingly, as any good parent caught at a weak moment would, I’ve volunteered again to be the coach of my…

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