Farmers & Merchants Bank of Long Beach’s Post

As big banks consolidate to grow, CDFI, MDI and other mission-focused banks are there to support otherwise underserved communities. CDFIs and MDIs are different from traditional banks and thrifts. They focus their lending and services in low- and moderate-income, rural, minority and native communities that are not adequately served by the traditional banking industry. Read this The Wall Street Journal article by Imani Moise and learn about how “community banks and credit unions are outperforming the banking industry as customers push back against consolidation.” Click here: https://shorturl.at/lCNY5 #Impact #CommunityDevelopment #CDFI #CDBA #BankingForGood

While J&K Bank was reeling under the problem of bad loans, it also suffered from the perception issue that most old private sector banks faced, analysts said. While these banks have a strong regional presence and a loyal customer base of depositors, they have been slow in embracing the changing banking landscape led by technology. The resultant loss in market share along with legacy asset-quality issues had forced some of these lenders to redesign their strategy. And that worked. Stock has turned out to be a multibagger. https://lnkd.in/dpnCbn9z

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Did you know? According to data from the consumer watchdog Which?, around 5,790 branches have closed since January 2015. Among the closed #banks above that will be shutting down locations in 2024 include, Bank of Scotland, Barclays, Halifax , Lloyds Banking Group and NatWest Group. (150 branches) #comercial #properties #closures

Did you know some Red Hatters are former bankers? They've been in your shoes and have seen the challenges banks are facing. Many of them will be at Sibos and are ready to meet with you! Check out our bankers and learn how to connect with #RedHat while onsite in Toronto. Isn't it nice to talk to someone who actually gets the challenges because they've lived through them? So much less explaining to do and much more working to possible solutions?

An interesting trend in consumer appetite when it comes to where they want to bank. Community banks gathering more deposits as a result will likely give them the liquidity needed to fund additional lending activity going forward. Question is, will it stick if/when rates go down and they're not able to pay a premium for those deposits?

Winners of 2023 Bank Crisis Are Finding the New Spotlight Harsh LINK: https://lnkd.in/eSUy2Fb4 #BankingAndFinanceNews #Banking #Regulations Please Repost

Great article on why people are choosing local banks like Locality Bank and fighting back against bank consolidation. We opened our bank for people who don’t want to deal with big banks. Check us out. Thanks for the post Drew Saito

Honestly, I say goodbye and cautiously good riddance. Anyone who has dealt with these regional banks, know that they are unreliable in their decision-making, overly finicky and inconsistent. While the bigger banks can have more bureaucracy, they tend to be more levelheaded about making uniform decisions, and are not as prone to the individual personality, driven knee-jerk reactions that are consistent with the middle management and senior credit people at the midsize and smaller banks. Our company has worked with a number of them, and I can say, without a doubt that the larger banks are more reliable. We have seen the Regional Banks - smaller and medium size Banks - pull the plug at the last minute for a wide range of items as a result of extremely inconsistent, decision-making. In the end, they always want deposits, but they are excruciatingly difficult when it comes to credit, and by this, I’m referencing secured credit, not unsecured credit. Consolidation in the banking area will be better for the business community. My personal opinion.