Addressing 3 Critical Issues Facing Banks

Community Bank Innovation Consortium together with Creative Storm, recently delivered important innovation ideas for banks at the 56th annual Key West Community Banking Symposium. Presented were:

1)  Innovative solutions for the bank’s strategy, which included ROAA, NIM, M&A, Technology Partners, Succession Planning, Board Composition and Regulatory Compliance (CAMELS)

2)  Targeted bank advertising, which included TV, Streaming and Digital Programs in 41 states, Board Reports, and affordable lower media rates

3) CORE and Ancillary Analysis, including Needs Assessment, Provider Evaluations, Change of Control Provisions, Contract negotiations, and Mitigation of early contract termination liquidated damages

The group is currently following up in many of these key bank issue areas with a host of Community Banks along the Atlantic coast.

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