The more likely outcome for the market, which also offers upsides for community bankers, is that the pace of price increases will slow but not collapse.
A report from Bain & Company shows competing institutions with superior digital offerings are stealing business from banks that serve as a customer’s PFI. Community banks in particular could be at risk.
Earlier this month, Bankbook examined Mission Valley’s plan to keep back office staff permanently remote. Today we look at the bank’s new approach to commercial customer onboarding.
In its quest for new revenue growth, Michigan’s Union Bank is plotting a headquarters move from rural Lake Odessa to Grand Rapids, one of the state’s biggest and most affluent markets.