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An Option That Should Never be Ignored
Wednesday, November 27, 2013 (911 reads)


The “Money” column in Consumer Reports’ November 2013 issue was entitled “Dump Your Big Bank and Save.” The column urged consumers to consider using “credit unions, regional banks, virtual banks and prepaid cards” as four alternatives to using large banks. To our surprise, the column made no mention whatsoever of the approximately 7,000 community banks across the country.



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Abundant Energy Saving Options for Community Banks
Wednesday, November 27, 2013 (1113 reads)


Energy expenses are becoming one of the largest costs of doing business for banks large and small. Whether it’s maintaining the costs of your energy bills from month to month, the cost of replacing fixtures and equipment that use that energy, or dedicating the time and manpower it takes to create a plan to lower energy bills and become more efficient, controlling energy costs can significantly save banks money, but the task can seem overwhelming.



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The First Half of 2013 for U.S. and New York State Community Banks
Wednesday, November 27, 2013 (1170 reads)


There has been a lot written regarding the “tale of two cities” performance division between community banks and mega bank/regional powerhouses.



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A Road Map for Bringing Life to Banks
Wednesday, November 27, 2013 (1151 reads)


Over the last 20 years there have been similar, marked changes in banking and insurance. Two decades ago, building branch offices was the epitome of banking convenience. Today, it’s a free app for a smartphone.



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Ending the Waiting Game Prospecting Done Right
Wednesday, November 27, 2013 (977 reads)


Do your commercial lenders lack the skills and mindsets to effectively prospect? As a result, is your net interest margin squeezed, and squeezed, and squeezed, with no hope of a turnaround?
Do your lenders compete for the “Most Creative Too-Busy Excuse for Not Prospecting” Award?
You’re not alone.



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How to Disaster-Proof Your Bank's Corporate Giving
Wednesday, November 27, 2013 (4463 reads)


When Hurricane Sandy blew into the area in 2012, leaving behind destruction and damage that, in some cases, has yet to be addressed, the New York Bankers Association (NYBA) and the New York Business Development Corporation (NYBDC) established a $10 million small business emergency loan fund to provide financial aid to businesses impacted by the super storm. The fund offered expedited loans of up to $25,000 to qualifying small businesses. Interest and payment free for the first six months, these loans assumed a one percent interest the next two years.



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Money Laundering What Community Banks Need to Know
Wednesday, November 27, 2013 (4621 reads)


Bank Secrecy Act compliance officers stand in a unique position to defend our communities by identifying potential tax evasion, drug trafficking and other criminal activity. BSA officers have the opportunity to work hand-in-hand with law enforcement to identify criminal activity and provide evidence used in the prosecution. Though this role is rewarding, it can also be very difficult to keep up with the weight of regulatory compliance.



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Addressing Model Risk to Avoid Financial Loss
Wednesday, November 27, 2013 (8990 reads)


In this highly regulated and risk-focused environment, financial institutions are relying more on applying models to important procedures such as risk management and preparing for regulatory reporting. However, using models can increase risk, since there are a number of factors that could cause them to be inaccurate, leading to financial loss.
Understanding what model risk is, how to build better models, and keeping them accurate will reduce risk and losses at your financial institution while instilling best practices that can refined and replicated to help the organization become more secure and successful.



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Evans Bank Reaps Rewards from Communities Served
Wednesday, November 27, 2013 (1169 reads)


Following back-to-back record years, and two national awards, Evans Bank is on a roll – and on pace for yet another record.
Not an easy task in the highly competitive western New York banking environment. And unlike some of its larger competitors, which have pursued a merger and acquisition strategy, Evans’ success has been largely home grown.
“It comes back to our people and culture,” said David J. Nasca, president and CEO since December 2006. “Banking is commodity-driven



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How to Regain Your Customers’ Trust
Wednesday, November 27, 2013 (3303 reads)



In a world where the post-crisis business environment is constantly shifting beneath our feet, it’s no wonder customers and investors have become more skeptical than ever about the financial system and its stability. It’s a transition that’s also impacted – and in some cases, strained – the relationship dynamics between financial professionals and their clients.



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