Seacoast Bank’s Post

Apex CEO and President, Ron Weaver, reflects on the history of the company and the important role that a partnership with Fulton Bank played in growing #TeamApex Learn more in this article from PennLive.com https://ow.ly/Ix1X50PoqcU #FultonBank #PennLive #BusinessGrowth

Financial Institutions have had to fight hard for deposits as interest rates have increased, liquidity has tightened, and competition has grown. For management teams looking to strengthen their deposit strategy- this is an excellent best practices checklist to consider incorporating into your regular discussions. #riskmanagement #banks #fdic #interestrates #alm

It’s #AmericaSavesWeek and we know that there’s much more to saving money than stashing dollars and cents in a piggy bank. 🐖 Whatever you’re saving for, these tips are sure to help you feel more prepared for life’s big moments and expenses. Thank you to Gabriel Wang for his insightful thoughts on saving for what matters most.  Member FDIC. 👉 Check back tomorrow to learn about the three things that will make you want to start saving NOW! 💰 #Comerica #ComericaBank #SavingTips #AmericaSaves #BankingCenterManager #FinancialTips

It’s #AmericaSavesWeek and we know that there’s much more to saving money than stashing dollars and cents in a piggy bank. 🐖 Whatever you’re saving for, these tips are sure to help you feel more prepared for life’s big moments and expenses. Thank you to Gabriel Wang for his insightful thoughts on saving for what matters most.  Member FDIC. 👉 Check back tomorrow to learn about the three things that will make you want to start saving NOW! 💰 #Comerica #ComericaBank #SavingTips #AmericaSaves #BankingCenterManager #FinancialTips

Here are various strategies to tackle the deposit battle!

"I don't want to bank with a community bank or credit union because they can't offer what the big banks offer." This is not true. As a community financial institution, you know the value you can add to your community. Your customers aren't just a number. We hear the same things. Being a privately-held, boutique broker dealer that focuses only on community financial institutions, there is a perception that advisors can't be successful due to fewer bells and whistles compared to the large, publicly-traded broker dealers. Not true! Our partner institutions are truly partners and we care about the success of the advisors AND the financial intuitions and provide the support and the resources they need! #ExpectMore #MidwesternSecurities #CULeadership #CommunityBanking

What's always lost in these discussions and approaches is a lack of understanding of one's true core funding base and a belief of what might have worked for one credit union will work for another. If 2020-2024 taught anything fundamental, it is that loan growth can't exceed its "core" funding base. The failure to identify this element will cause most to overstate their actual asset profile and eventually cause volatility in earnings, liquidity, credit mitigation, net margins and safety of capital.

Naomi Snyder at Bank Director published a fresh article on the war for deposits this week. This post includes contributions from Brad Elliott, Jeffrey Reynolds, Donald Musso, Mark Holt, Gerard Cassidy, Peter Winter, Jill Cetina, CFA, Mike Santomassimo, Michael Daniels, Thomas Broughton, Ira Robbins, and Val Srinivas. Subscribers can find it at https://lnkd.in/g5iUmAnG Many financial institutions are ahead of the pack with deposit strategies today. We encourage your financial institution management team to check out the Deposit Best Practices Checklist here to see what the high performers are doing... #communitybanking #deposit #bestpractices

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