Banking | Credit Card Topics

First Interstate Bank Recognized for Outstanding Efforts in Giving Back to the Community and Promoting Financial Literacy in the West

By: Matt Walker, 1/3/2020

In a Nutshell: First Interstate Bank maintains more than 150 branches across six states in the Northwest, yet it holds strong to its community bank identity. The bank takes a long-term approach to helping maintain healthy, thriving communities. Financial education is one of the main ways it does this, with financial literacy programs designed to reach children and adults. The institution also reinvests in its communities with lending, investing, and service efforts that have earned it... read more »

Farmers & Merchants Bank Recognized for Supporting Customers and Causes in its Tight-Knit Wisconsin Community

By: Adam West, 11/15/2019

In a Nutshell: For nearly 80 years, Farmers & Merchants Bank has helped folks in Wisconsin weather change by welcoming them in like family. The single-branch bank is located near Lake Winnebago in the farming and manufacturing community of Berlin — where it also focuses on supporting local residents. Not only does the institution offer resources to educate students in Berlin, but it also empowers its employees to support causes they’re passionate about. For its dedication to... read more »

Sunrise Banks: Prioritizing Social Responsibility and Financial Inclusivity in the Diverse Communities of Minnesota’s Twin Cities

By: Adam West, 11/7/2019

In a Nutshell: Sunrise Banks CEO David Reiling believes that banking and community success go hand in hand. Since 1986, Sunrise has served Minnesota's Twin Cities while donating corporate resources, building community partnerships, and providing financial education and inclusion programs. Through its social impact affiliations, including membership in the Global Alliance for Banking on Values and B Corp certification, Sunrise prioritizes social responsibility and sustainability. For... read more »

Digital-Only Cashplus Broadens Access to Banking Tools and Financial Services for U.K. Consumers and Small Businesses

By: Adam West, 11/6/2019

In a Nutshell: Small businesses are the backbone of the U.K. economy, currently contributing more than 90% of new private-sector jobs. But in a marketplace where big banks focus more on large accounts, entrepreneurs and startups need better access to financial services. Since 2005, digital-only Cashplus has provided an alternative to the U.K. High Street banking establishment by offering instant approval on current accounts and credit products for consumers and small businesses. And... read more »

The Virginia Association of Community Banks Provides Strong Federal Advocacy, Quality Education, and Collaboration for its Member Banks

By: Adam West, 10/11/2019

In a Nutshell: The Virginia Association of Community Banks (VACB) has served banks in the state for more than 40 years by providing necessary resources and giving them a collective voice. The Association provides educational opportunities for bank staff and advocates for the needs of its member institutions by meeting federal legislators. VACB also conducts regular webinars, in-person seminars, and conventions that focus on topics as broad as cybersecurity, compliance, fintech, and... read more »

Cardlytics Helps Banks Increase Customer Engagement and Deepen Business Banking Relationships by Powering Loyalty Programs

By: Matt Walker, 9/19/2019

In a Nutshell: Prior to founding Cardlytics, Scott Grimes and Lynne Laube noticed that banks have access to robust amounts of valuable customer data, but they were not utilizing it. They formed Cardlytics as a way to collect that data, focus it, and use it to power customer loyalty programs. The programs boost customer engagement, which results in increased profits for the institutions. Customers benefit, as well, through numerous rewards programs, special offers, and cash back... read more »

A Recent Study Highlights How Predictive Analytics Can Help Consumers Avoid Overdraft Issues While Curbing Attrition for Banks

By: Matt Walker, 9/11/2019

In a Nutshell: In 2017, Americans paid around $34 billion in overdraft fees. The hefty fees often hit consumers unexpectedly and can lead to dissatisfaction or even attrition. “Analyzing Bank Overdraft Fees with Big Data,” explores consumer behavior that causes the fees, just how the fees impact customers and banks, and how banks can better address the issue for the benefit of all. The paper was written by New York University Professor Xiao Liu, and Alan Montgomery and Kannan... read more »

Where Do Banks Go for Loans? A New Paper Looks at the Quality of Banks that Do Business with Stigmatized Lending Facilities

By: Matt Walker, 8/22/2019

In a Nutshell: Just like other businesses, banks need extra cash on occasion. But a bank that takes out a loan can be perceived as being a weak institution, so banks generally try to conduct their borrowing activities behind the scenes. A recent paper, “The Quality of Banks at Stigmatized Lending Facilities,” by Federal Reserve Board economist Sriya Anbil and Claremont McKenna College Economics Professor, Angela Vossmeyer, Ph.D., explores how an emergency lending facility that is... read more »

BNP Paribas Recognized for Its Integrated Corporate Social Responsibility Efforts That Include Conscientious Investments and Civic-Minded Initiatives

By: Matt Walker, 8/13/2019

In a Nutshell: In recent years, more corporations have developed corporate social responsibility (CSR) policies that take into consideration factors such as sustainability and the impacts of their actions. BNP Paribas — one of the world’s largest banks — takes its CSR efforts seriously by embedding them in the institution's investment and financing strategies. It also fosters an environment of diversity and inclusion and encourages its employees to take leading roles in its CSR... read more »

Citizens State Bank is Recognized for Its Efforts to Give Back to Indiana Communities Through Volunteerism and Financial Education

By: Matt Walker, 8/6/2019

In a Nutshell: Citizens State Bank in Indiana goes above and beyond to support and give back to the communities in which it operates. CEO Dan Maddox emphasizes the importance of Community in the Bank's mission statement, which is posted at every associates' desk and throughout common areas. It is reflected in the Bank's HR policies, with all employees receiving paid volunteer hours that can be used during normal business hours; in the Bank's Marketing with Community Appreciation Days... read more »

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