Jeremy Skoglund, a 2020 Rising Stars in Banking honoree, talks about the role mentors have played in his career, the role of continuing education in keeping the industry strong, and how technology improvements affect customer expectations. [Continue]
Sometimes the way forward is unclear and I think now is one of those times. The demonstrations and riots over injustice in our law enforcement tell us something is gravely wrong, but any answers about how to fix this remain mercurial at best. [Continue]
Bernie Gatyko, chair of the Independent Community Bankers of Minnesota, describes the CRE outlook in the state, how reopening has gone, and what changes his bank has made to its disaster preparedness plan. [Continue]
Clear Capital is a Reno, Nev.-based real estate valuation and analytics technology company that has served mortgage lenders since 2001. BankBeat spoke to Kenon Chen, executive vice president of corporate strategy, about what valuation analytics look like in a changing marketplace. [Continue]
There is a “hunkering down” mentality among managers in this environment. That’s understandable. Almost no organization can realistically plan for record earnings this year. But let’s not close our minds to the possibility of opportunity. Despite a lack of precedent and a lack of information, you will need to make important decisions in the coming months to navigate this environment. [Continue]
Who were the intended PPP grant recipients? At first, it was any company with fewer than 500 employees but then companies with access to other sources of investment, particularly the capital markets, were deemed ineligible. As news about the program spread, some suggested that profitable companies shouldn’t be eligible for the money. [Continue]
Shawn Rost, immediate past chair of the South Dakota Bankers Association, relates the ups and downs of local ag, loan demand and tourism, describes how adoption of technology and working from home have accelerated, and shares FDIC Chair Jelena McWilliams message to SDBA bankers at their annual convention. [Continue]
Intentionality is the key to maintaining your relationships. Schedule a set date and time each month for a one-on-one meeting. Set an agenda to make sure important topics such as high payoff activities, behavioral and business goals are discussed. Consider these meetings non-negotiable and do not get in the habit of rescheduling, as this sends your team member the wrong message. [Continue]
As America continues to combat the public health and economic consequences of COVID-19, local banks are doing their part to keep money flowing to small businesses. Ensuring that banks maintain liquidity, and have an interest rate benchmark appropriate to their business model, is critical to our nation’s recovery. [Continue]
This is a moment where community banks can ride this wave to poach some really good talent. On the technological front, there are folks who may have fast-tracked some of their technological strategies around disaster and continuity planning and equipment. [Continue]