Jason Feifer’s Post

Interested in learning more about women-owned banks? Anna Haas has written a guide that shares the history of women-owned financial institutions and their impact. Read the full article on Business Insider: https://lnkd.in/gCHPDU4h #personalfinance #womenownedbanks #financialinclusion

We did a survey in early 2023 regarding the revenue challenges bankers were facing. But the world has changed a lot since then, so we thought it was important to go back now and see how bankers' thinking has shifted as they plan for 2024’s challenges. Learn more next Thursday. https://lnkd.in/eXsSdFvD

In this piece for @BankDirector, our Donna Horrigan & Brian Snader outline why #banks need to diagnose before they can prescribe. And for many of their employees, that requires not just new skills but a mindset shift as well.

How are bankers gearing up to tackle the complexities of 2024 and position themselves for success? Check out our blog for insight: https://bit.ly/3SKQsJO

Happy Monday, bankers! 😊💼 In the fast-paced world of banking, it's easy to get caught up in the daily grind. But take a moment to reflect on the impact you have on people's lives! Embrace the challenges that lie ahead this week. Each obstacle is an opportunity for growth and learning. Remember, success is not measured solely by the numbers on a balance sheet, but by the relationships you build and the trust you earn. 📊🤝 Have a fantastic week ahead! ✨🌟 #MondayMotivation #BankingLife #MakeADifference

Observation: We all know how it goes... If you really want to buy something, you’re going to find a way to buy it. The same holds true for selling. If you really want to sell something, you’re going to find a way to sell it. Valuation slows the process down. It gives your rational side time to mount an argument. That’s why valuation is important. The valuation process breaks down is when the person doing the valuation incorrectly concludes... “It’s not about the numbers…” “It’s not about the models…” “It’s not about the metrics…” “I know what the bank is worth.” The biggest problem is that most people already have a preconceived value of what they are expecting to see. The great irony is the more you know about a bank, the stronger those preconceptions are, and your valuation follows. Here's where we ended up - you can too... Use composite of several valuation approaches to get the most valid basis in which to form your conclusions. Those methods were covered couple of weeks ago in our free newsletter (The Savvy Banker) titled: "5 Fantastic Ways to Bank Valuation: Commit Them to Memory" Sign-up here for access to all of our past newsletters and to have each new newsletter delivered weekly to your email: https://lnkd.in/gS8ZsFyc Are you a bank CEO, President, CFO or Board Member with questions you have regarding the consideration of selling? DM me here on LinkedIn to ask confidentially and I will get back with you.

Subject: 🚨 Important Alert: Check Your Bank Now! 🚨 Hey [Recipient], Got something urgent for you – take a minute and give this a read. There's a "blacklist" floating around with 110 banks on it. If your bank is on there, your life savings might be at risk. Seriously. A big-shot banker is saying move your cash before January 31st, or you could lose everything you've worked hard for. Wanna know if your bank's on the list and what to do about it? Hit this link now. The Wall Street Journal is calling it a "game-changing development," so you know it's serious. Your money matters, so don't sleep on this. Check it out ASAP! Stay savvy, [Your Name] [Your Position] [Your Contact Information]

Who cares about Price to Book multiples? That’s a serious question. Your shareholders don’t care about Price/Book. That doesn’t mean they don’t care about their return – they very much do! Bankers are the ones that are the most pre-occupied with Price/Book multiples. Why? It’s kind of a scoreboard. It’s easy to calculate and handy for a quick conversation. Makes good cocktail talk. Who cares? Shouldn’t value be driven by the future earnings somebody is buying? Look at two hypothetical sales: Bank A • Price to Book of 2.40x • Price to Earnings of 14.4x Bank B • Price to Book of 1.13x • Price to Earnings of 21.6x Based off these two metrics – what is your reading of the difference between the two sales? What questions do you have? Whose shareholders got a better deal? Could it be that Bank A had less capital and anemic earnings? Or hadn’t invested in people or technology and the buyer was looking at making significant investments following the sale? Could it be that Bank B had more capital and a bright future? Perhaps made investments in the future, people and/or technology, that hadn’t begun paying off yet? Something to think about. Master the process. Yesterday, in my free weekly newsletter "The Savvy Banker" we went a little deeper on the topic of talent: "Community Bank CEOs: Reasons to hire right for a successful bank sale." Missed it? https://lnkd.in/gS8ZsFyc If you enjoyed this, please like it 👍 share the post with your network ♻️ and follow me for daily content at 7:10am (CT) and 4:10pm (CT).

11 undeniable truths for bankers: 1) No one cares what your bank does, how long it has been around, how big you are in assets. • They care about what your bank can do for them. 2) Successful bankers are neither smarter nor more creative than you. • They are likely executing better. 3) Long-term success comes from doing seemingly monotonous things every day for years - steady, predictable earnings drive value. 4) You can solve almost every modern-day problem with the consistent delivery of customer service, talented people, low cost & diversified deposits, making good loans and not competing on price. 5) 95% of reading, planning, brainstorming, and conference attending is procrastination disguised as productivity. 6) You said you would start [INSERT PROJECT/TASK/INITIATIVE HERE] six months ago. • Yesterday is not a day of the week. 7) The market rewards the banker who best positions the obvious solution, not the best banker. 8) Stop complaining about the results you didn't get from the work you didn't do. 9) Recognize that 99% of people would rather be uncomfortable and unhappy than uncertain. • Failure is where the lessons are, and where the gains are made. • No one on the planet thinks about you as much as you think they do. 10) You know exactly what you should be doing, stop chasing shiny objects. • Instead, figure out why you aren't doing what you know you should. 11) If you spent half as many hours taking action as you do thinking about taking action, you would be in a better spot. • Everybody wants to be a gangster, until they have to do gangster stuff. Today, in my free weekly newsletter "The Savvy Banker" we're going to go a little deeper on the topic of investment bankers in an article titled "Community Bank CEOs: What bank seller bucket calms your nerves?" Click here to subscribe: https://lnkd.in/gS8ZsFyc If you enjoyed this, please like it 👍 share the post with your network ♻️ and follow me for daily content at 7:10am (CT) and 4:10pm (CT).

This is a game-changer for people who are always on the go and don’t have the luxury of time to physically visit a bank. In this article, we’ll explore the benefits of a Savings Account and why you should consider opening one today. https://lnkd.in/gF3wth-4