The Banker Next Door

Episode 236: Let's talk about deposit strategy!

This episode reviews a recent blog post from PCBB titled “Are deposit costs finally easing?” With interest rates reducing, this blog post offers five strategies banks should be considering for managing their deposits in this challenging environment. Every bank should be thinking about these deposit strategies. A link to the blog post is included below.
Link: Are Deposit Costs Finally Easing? (pcbb.com)

Episode 235: Interview with commercial insurance provider Ryan Stillwell

This episode is an interview with Ryan Stillwell, owner of Stillwell Risk Partners. Ryan is a commercial insurance provider. Stillwell Risk Partners specializes in providing business and commercial property insurance. The focus of the interview is on commercial real estate coverage. We discuss different property types, what is happening in the marketplace, what you should expect, things you should consider when evaluating different properties, and how you can better cover loss and flood risk. A link to Stillwell Risk Partners website is included below.
Link: Professional Insurance Advisors | Stillwell Risk Partners

BND: Strategy Room 9-27-2024

The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.

Episode 234: Review of Bank Director's 2024 Technology Survey

This episode reviews Bank Director’s 2024 Technology Survey. The key findings include delayed projects, fraud concerns, tech budget increases, hiring developers, and board priorities. This is a great survey for understanding how banks are utilizing technology in the industry and what challenges they are currently facing. A link to the Bank Director article and 2024 technology survey are included below.  
Link: 2024 Technology Survey: Envisioning Your Bank’s Future | Bank Director
Link: 2024TechReport-OpenVersion-v2.pdf (bankdirector.com)

Episode 233: U.S. banks looking to lower CD rates!

This episode examines several articles from S&P Global (subscription required) looking at recent growth in bank deposits and banks interest in lowering CD rates as the Fed has moved into an interest rate reduction cycle. Banks would like to quickly reduce CD rates to lower their cost of funds. However, will consumers go along with this?

Episode 232: Let's talk about 'buy now, pay later' products!

This episode examines a recently published Frequently Asked Questions (FAQ) report from the Consumer Financial Protection Bureau (CFPB) on ‘Buy Now, Pay Later’ products. The FAQ provides a general overview of BNPL and explains ‘Pay-in-Four’ BNPL loans. A link to the FAQ on the CFPB website is included below.   
Link: Buy Now, Pay Later Product FAQs | Consumer Financial Protection Bureau (consumerfinance.gov)

Episode 231: How did Fannie Mae and Freddie Mac end up in conservatorship?

This episode focuses on the history of Fannie Mae and Freddie Mac. How did these organizations start and evolve over the years? What scandals were they involved in before the financial crisis? What was their role during the financial crisis of 2007-2009? What are the arguments for and against privatization? Finally, what is happening now?  
Link: Fannie Mae and Freddie Mac: An Overview (investopedia.com)

Episode 230: SBA Update

This episode provides an update on the Small Business Administration (SBA) and the programs it offers. The SBA has rolled out a new 7(a) Working Capital Pilot Program, which is a line of credit up to $5 million. The SBA is seeking out new lenders to work with in an attempt to expand access to their various loan programs. Finally, borrowers that utilized the SBA EIDL loan program continue to struggle with their debt loads.  
Link: The SBA’s New Working Capital Pilot Program Launches Today (pcbb.com)
Link: SBA to issue more Small Business Lending Co. licenses - The Business Journals (bizjournals.com)
Link: Small businesses that took SBA Covid-19 EIDL loans are struggling - The Business Journals (bizjournals.com)
Link: From Short-Term Relief to Long-Term Hardship: Some Small Businesses Struggle with Debt Burdens from COVID-19 Economic Injury Disaster Loans (fedsmallbusiness.org)

Episode 229: Interview with SBA lender Paul Avery

This episode is an interview with Paul Avery, who is an SVP SBA lender with Meridian Bank. Paul and I go through the various SBA loan programs. We discussed 504 loans, 7(a), Express, Export, and Microloans. We spent some time discussing the ins and outs of the 7(a) loan. Namely, how long is the process, what documents are required, can closing costs be rolled in, what approvals are needed from the bank and SBA, and why an attorney is typically used for preparing loan documents and caring out the settlement. Below is a link to a chart covering all the SBA loan programs. 
Link: North_Carolina_Loan_Chart_10-2019-Final.pdf (sba.gov)

BND: Strategy Room 9-20-2024

The Banker Next Door (BND) weekly live stream show. Strategy Room provides financial news, commentary, top stories in the business world, economic indicators, and all things banking for the week.