News from The Financial World
Dee Hock, a banker with a junior college degree who shaped the Visa credit card into a global financial behemoth, died on July 16 at his home in Olympia, Wash. He was 93. His son David confirmed the death. The credit card business was in an early, rocky stage of development in 1967, when Mr….
When Rockland Trust synced up with an ICBA ThinkTECH Accelerator grad to launch a virtual digital banking platform, it took relationships between the community bank and its customers to a whole new level. By Colleen Morrison For Rockland Trust, a $20 billion-asset community bank in Rockland, Mass., strengthening digital bank interactions has been a priority,…
Capital Gains Tax ( CGT) What is CGT? It is a tax imposed by the government on individuals who make a gain by selling assets other than their main home, such as making a profit on stocks or profiting from properties which are bought for the purpose of resale. Why is it important to know…
Photo by nicomenijes/iStock The financial press, economic commentators and social media sites have used a collection of terms this year that convey a certain image of market values for investment securities: “Plummet.” “Underwater.” “Leaking oil.” “Nosedive.” I think you get the picture. Community bankers have come to grips with the notion of their bond portfolios…
Illustration by miakievy/iStock The Social Bankers, a collective of community bank marketers, offers inspiration, information and professional development advice to community bankers focused on marketing and social media. We asked them for their need-to-know social tips. By Julie Kendrick While so many things about banking have changed in recent years, social media continues to grow…
There are quite a number of industries operating online today and there are people making a living through online platforms. So as to actually make it big, you need to start out from the ground up. You may have little knowledge but if your heart is in the right place, you will definitely make it…
Illustration by Jill DeHaan Fallout from recent global events presents an obstacle to generating revenue for community banks. How can they counteract these effects and maximize financial efficiency? As we enter budgeting season, the answers might be found in a mix of strategies. By Elizabeth Judd Since COVID-19, profitability planning for community banks has mainly…
Artist Gardner Cole Miller, left, and SouthState Bank’s Shretta Godbolt turn bank-donated T-shirts into an original woven placemat. After a recent merger, SouthState Bank had hundreds of unused T-shirts featuring its old logo. Rather than send them to the landfill, it donated them to a community textile arts project that continues to inspire others. By…
Illustration by Sesame/iStock The workplace is in constant flux, business goals are growing and employee preferences are evolving. Aligning these factors is critical to a community bank’s success, and a great way to start doing that is by ensuring your professional development programs support your strategic goals. Yes, it’s essential to satisfy annual training requirements…
As of March 23, 2018, the S & P 500 (at $2,588.26) was down roughly 10% from its January 26, 2018 all time high of $2,872.87, and down about 3.2% for the year, presumably in anticipation of an imminent trade war. Additionally, interest rate sensitive securities were trading near 52 week low levels as bond…