Missouri bank demonstrates how banks can be gathering spaces

Looking at Belgrade State Bank’s Potosi, Mo., branch from the outside, you can likely guess right away the building was once a church. The converted branch still has a traditional steeple, arch-shaped entryways and original stained glass windows preserved from what used to be the Potosi Methodist Episcopal South Church.  [Continue]

Lessons in the value of community banking

I’ve spent the last four months as an editorial intern with NFR Communications researching and reporting on the community banking industry. I’m a senior Political Science major at Macalester College in St. Paul, Minn., pursuing journalism as a career. I’ve worked on my school newspaper, the Mac Weekly, since my freshman year, and interned at a regional magazine, a metro daily newspaper and a student journalism start-up. But I have never dove into a niche the way I have at BankBeat, immersing myself in all things community banking and learning how to write for an audience of community bankers. [Continue]

Banks switch gears for virtual financial literacy initiatives

With the ongoing pandemic, banks’ financial literacy initiatives have switched gears — visiting schools and giving tours of banks are no longer possible as many schools have gone virtual and banks have shut their doors to large groups. Despite the setbacks, banks are finding new avenues to teach financial literacy — a skill that is crucial at a time when the Federal Reserve reports 70 percent of adults would not be able to pay an unexpected $400 expense. [Continue]

Democratic control brings new financial leadership

With democrats now in control of Congress and the White House, the transition in political power means shake-ups in top federal economic positions, too. Democratic regulators are more likely to push for tighter banking regulations as well as prioritize increased federal relief as the economy falters due to the COVID-19 pandemic. [Continue]