Let’s rediscover what it means to be group bankers. Let’s train our nimble natures to exceed buyer expectations. As a result of as group bankers, it’s what we do.
Nimble. That simply could also be group bankers’ phrase of the yr. As a result of throughout this time of steady change, our agile natures are the important thing to our continued success.
As we enter 2022, we’re balancing low margins, excessive wages, an excessive amount of liquidity and an absence of mortgage demand, and we’ve got our work minimize out for us. However by releasing rigidity and giving our banks the area to adapt to the atmosphere, we are going to unleash new alternatives.
For instance, fintech partnerships might permit us to supply providers in methods we’ve not thought-about beforehand. Mergers and acquisitions in our markets might result in alternatives to attract in new prospects. Flush buyer accounts might allow us to place wealth administration providers. Rising choices like cryptocurrency might warrant strategic consideration.
My Prime Three
ICBA helps group banks in some ways, however listed below are the three I plan to make the most of this yr:
- ThinkTECH Accelerator cohorts
- ICBA LIVE networking
- ICBA Securities’ funding choices
The sweetness is that chance will not be one measurement suits all. Group banks have enterprise fashions as various because the communities we serve, so there’s no silver bullet to reply all of our wants. That’s the place considerate planning comes into play. We have to consider how we carried out towards our plans final yr. The place did we meet our funds? The place did we fall quick? Why? We have to ask ourselves how that earlier plan stood up and the place there have been revolutionary concepts that had been placed on the again burner attributable to COVID-19 or different elements. Then, native market and financial tendencies can information us in creating the proper new services and products.
Contemplating our communities’ wants is important to our success in addition to theirs. Past supporting our personal backside traces, taking the time to align sources and imaginative and prescient permits us to proceed empowering our communities.
And whereas in immediately’s atmosphere this will likely seem to be a very daunting job, ICBA affords sources that may assist. As an illustration, the ThinkTECH Accelerator brings to market the fintech options that may permit us to higher serve our prospects. ICBA Securities can assist us discover sound funding alternatives to maintain our cash working. ICBA Bancard can help us in retaining tempo with evolving funds tendencies. And Group Banker College offers wanted training to remain on high of our altering panorama.
There’s little question 2022 will likely be a tricky one, however with nice problem comes nice alternative. So, let’s set our missions to excel amid issue. Let’s rediscover what it means to be group bankers. Let’s train our nimble natures to exceed buyer expectations. As a result of as group bankers, it’s what we do.
Robert Fisher Chairman, ICBA
Robert Fisher is president, CEO and chairman of Tioga State Financial institution in Spencer, N.Y.
Join with Robert @RobertMFisher