Banking New Year’s Resolutions – We Have Opinions / Negotiating Merger Transactions
Podcast Show Notes: Our This Month In Banking (TMIB) podcast features discussion with colleagues and other industry thought leaders on interesting banking news that happened this month. TMIB will be available on the last Wednesday of every month here, and on Apple and Droid podcast apps for your listening enjoyment. Join us on your […]
Unintended Consequences of Executive Change in Control Provisions
You’re a top performer at your bank and an executive from a competing bank wants you on their team. You recently got a new boss, and it isn’t gelling. So the offer is timely. You check out the competing bank. Do your due diligence. You respect their executives. Their numbers look good. Heck, you’ve lost […]
Finxact Core System – It’s Different!
Guest: Michael Sanchez, Founder and President of Finxact Podcast Show Notes: Our This Month In Banking (TMIB) podcast features discussion with colleagues and other industry thought leaders on interesting banking news that happened this month. TMIB will be available on the last Wednesday of every month here, and on Apple and Droid podcast apps for […]
Byline Bank Turned its Future from Bleak to Bright!
Guest: Alberto J. Paracchini, President, CEO & Director, Byline Bank Podcast Show Notes: Our This Month In Banking (TMIB) podcast features discussion with colleagues and other industry thought leaders on interesting banking news that happened this month. TMIB will be available on the last Wednesday of every month here, and on Apple and Droid podcast […]
The Real Benefits of Intelligent Automation
Fifty percent. That was the odds I gave myself when calling my health insurance firm regarding changing my date of birth. Fifty percent chance I could get this done in one phone call and a reasonable period of time. Isn’t that sad? It did take 15 minutes to get the relatively simple task done. Making […]
Employee Retention: Keep the Keepers
You have a highly valued employee, and they quit. Why? The boss? The culture? The pay? I’m sure if I searched for credible sources, I would get some version of one or a combination of the three. It is highly individualized. But what is universal is that each financial institution has employees that are highly […]
IMO: How To Make Telecommuting Work in Banks
Schlepping to the office five days a week is enough to make employees, or would be employees, reconsider working for you. This is particularly true in urban areas, where 20 miles might equal an hour commute. Or in growing families, where daycare costs might eat their pay check. In comes telecommuting. And in an era […]
Bankers: Don’t Buy the Hype. Let Fintech Equity Investors Bear the Cost of Experimentation.
When JPMorgan Chase released its 2016 annual report, in which the celluloid CEO Jamie Dimon proudly acknowledged spending nearly $10 billion on technology, the talking heads erupted. Ten billion! Must be good. Jamie does it. And from that moment the conventional wisdom was and is: community banks can’t compete. I just heard it on Friday. […]
Financial Institutions: What Drives Value v2
In a follow up to my last post on the subject, that was driven by my friends from Performance Trust, I was asked in the comments section of that post if there was a correlation between non-interest bearing checking accounts and price-to-tangible book multiples. That nugget was asked by Mike Higgins, a bank consultant from […]
Is the Tail Wagging the Dog at Your Institution?
In nearly every process improvement engagement conducted by TKG, we find a tail wagging the dog. This occurs when either the sales or operational side of the bank dominate, take, or have control. It is largely the result of where the power lies within an organization below the President and CEO. The Sales Side In […]
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