Banker Confidence Index
In our travels across the country, many of us at Promontory get the chance to meet with bank executives at institutions of all sizes. Often the first question we are asked is “what do senior executives at other financial institutions think about the future of the industry?” To help answer that question, we are pleased to share with you our Banker Confidence Index (“Index”) – aggregated data based on responses from bank C-level executives about overall expectations for the future. Read the article...

See Public Fund ICS and CDARS Deposits by State: Infographic
Across the United States, local and state governmental entities use Promontory’s reciprocal deposit services to access multi-million-dollar FDIC insurance through a single banking relationship. In this way, they are able to safeguard taxpayer money, keep funds local, and eliminate the burden of ongoing collateral tracking. Read the article...

Banking on Technology
The banking sector is fundamentally different than it was before the 2008 financial crisis. And maybe the biggest change is the growing role of technology in banking. Banks have invested heavily in technology in recent years, and the primary reason is customer demand. Read the article...

Good News for Banks Holding Reciprocal Deposits
As many of you know, the Federal Deposit Insurance Corporation (FDIC) issued a Notice of Proposed Rulemaking (NPR) last summer that proposed changes in the deposit insurance assessment regulation for established small banks (those with assets of less than $10 billion). Read the article...

How to Say Yes to High-Value Deposits
In Promontory’s third quarter Bank Executive Business Outlook Survey, a growing number of banks listed deposit gathering as their number one priority, right behind CRE lending. Yet for many banks, attracting and holding onto deposits has become an unwanted exercise. Read the article...

White Paper: The New Value of Public Funds

Shifting factors in the banking industry are making public fund deposits more available to community banks. Now is a time when many government finance officers are considering shifting investments out of money market funds into bank deposits. Read the article...

Meet Joe Banker
CEO of a Mid-Atlantic-Based Bank With $1.5 Billion in Assets and a Loan-to-Deposit Ratio of .7
In my travels across the country, I have met a growing number of bankers interested in expanding their loan portfolios. One such banker, let's call him "Joe," told me he wanted to grow his bank's CRE loan portfolio without weakening the bank's credit standards or straying outside of the local marketplace. Read the article...

Meet Josephine Banker
CEO of a West-Coast-Based Bank With $1.2 Billion in Assets and a Loan-to-Deposit Ratio of .9
II often like to share stories from bankers that I talk with from across the country - particularly those that offer insights about trends in the market and/or successful innovations. Recently, I heard from a network banker out west who has had great success in growing her firm's CRE loan portfolio. Read the article...

Why Money Market Fund Reform Helps Banks
The Securities and Exchange Commission finally did it. It changed the rules governing money market mutual funds. And the financial world will never be the same. But is it really that big a change? Here we are, nearly six months after SEC enacted changes to the rules governing MMMFs, and it doesn’t appear that much has happened. Read the article...

ICS Makes It Easy to Court and Retain Valuable Customers
Recently, there have been a number of reports indicating that the days of cheap funding may be coming to an end. For example, a recent American Banker article stated, “JPMorgan Chase expects the bank could experience outflows of $100 billion, or about 7.8% of its deposit base.” Read the article...

Make Banking an Information Service
While the pace of change has accelerated since the credit crisis, community banks have been feeling the pressure to follow a rigid, formulaic approach to banking. Tighter regulation and oversight make it even harder for banks to differentiate themselves from their competition and provide value for their customers. For community banks to succeed and remain relevant to customers, they need to actively seek ways to expand their opportunities within the boundaries. Read the article...

Take Time Now to Sweat the Details
After five years of managing economic stagnation, bankers keep waiting for bank growth and profitability to return to pre-recession levels. Rather than wait for a change that may be a long time coming, bank leaders should be looking at ways to optimize their balance sheets so that when the winds change, they’re ready to set sail. Read the article...

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5 Things to Know About Supporting Communities with Large-Dollar Deposits
Socially responsible money management has become a hot concept in recent years. The idea of managing funds and helping our community at the same time strikes a chord with our better selves. But for many individuals and institutions, putting socially responsible investing into practice has often seemed out of reach given other important considerations, such as safety and return. Read the article...

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Community Bank Profile: City First Bank
On November 7, 2013, City First Bank of Washington, DC held its inaugural Finance Summit, which brought together businesses and representatives of the district’s government to talk about the work that is being done to finance economic development in the city while supporting the community at all levels. Read the article...

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Beyond the Static Rate Sheet

As interest rates begin to rise, bankers trying to sell retail time deposits will face competitors deploying an array of new terms and options. Neil Stanley from BAI writes, “When the surplus of local deposits is gone, replacing a retail deposit with wholesale funding such as FHLB advances will be painful!” He suggests that strategic banks are preparing for the possibility of rising interest rates by working with their retail bankers on a dynamic approach to deposit funding. Read the article...

Commercial Equipment Lenders and Community Banks