Ever wanted to take another shot at bank sim? Have you ever heard about bank sim and wondered what it was? Regardless of whether you have no clue what we're talking about, were victorious in a graduate school of banking sim in the past, or (like me) tasted the sour taste of bitter defeat...you've never done sim like this. And that's the point. Now, you can take another shot at it, actually learn banking, talk a little trash...and...get ready...have fun! If you'd like to learn more about our new monthly virtual sims, check out https://barretbanking.org/landings/banque-sim/
Teslar Software has been a really cool company to watch. We were first introduced to them way back during one of the first ICBA ThinkTECH's and it's been a joy to see them grow and get to know them. Also, I've always believed that the merging of small business and consumer business banking is a path to profitable banking in most communities. These become sticky customers and brand evangelists. Joe and the gang at Teslar agree and are talking about some ways that this can happen on their system. Check out Teslar at https://teslarsoftware.com/ Many thanks to ICBA Securities for their continued support! https://www.icba.org/icba-securities
Stable coins have gotten a lot of news lately...but what are they? Are they here to stay? Is this something community banks are going to have to deal with...whether we like it or not? I don't know, but it is always best to arm ourselves with information because, as my good friend Justin says, "we fear the unknown until we know the fear". I think it's a powerful statement as it pertains to all types of shifts in the industry. Be sure to follow Justin and his business, High Risk Education on LinkedIn. Justin: https://www.linkedin.com/in/justin-muscolino/ High Risk Education: https://www.linkedin.com/company/highriskeducation/about/ And as always, thanks to ICBA Securities for their support and sponsorship! https://www.icba.org/icba-securities
With all the news this week, time to bring on Jim Reber, CEO of ICBA Securities. Be sure you sign up for Stifel's Quarterly Strategy Webinar for Banks at https://stifel.zoom.us/webinar/register/WN_Rk2fDcs1Q2iNsWFfT7iF6A#/registration
I have to be honest here...one of the things that I didn't fully understand in my time in production was treasury services. I understood what they were...but it was never really part of the strategic process. The more I'm around banking, I see the same thing with other banks and I don't think it's because it's a bad idea but rather it's because we don't understand it very well. Laura Wetherell with Treascent LLC has a history of working with bankers (and being a banker herself!) understand and implement this often misunderstood part of banking. Check out her site: http://www.treascentllc.com/ Follow her on LinkedIn: http://www.linkedin.com/in/laurawetherellctp And as always, thanks to ICBA Securities for their support and sponsorship! https://www.icba.org/icba-securities
Peter Stenehjem is the Pres/CEO of First International Bank and Trust in North Dakota. He's a returning guest, friend of Barret, and a fascinating banker to talk to. FIBT has been family owned for over 110 years now by Peter's family and has branched out into doing some really cool stuff in the world of fintech and payments. They've owned Kotapay (https://www.kotapay.com/) for years now and are a Top 40 Payment Processor and, through Kotapay, they've launched Kavinu (https://kotapay.com/kavinu) as an embedded payment solution. It's really cool stuff! Be sure to check them out and a big thank you to our sponsor, ICBA Securities (https://www.icba.org/icba-securities)
C.J. Tate and I connected a while back and just had some really interesting conversations around career advancement in community banking and the role of education. He made some great points about how it's a two-way street and the role of culture AND the role of the greener banker's attitude towards learning more. He's dead on right.... His story is really cool and I don't want to spoil it so, take a listen! Many thanks to ICBA Securities for their continued sponsorship!
Scale Link is a really cool CDFI that offers a secondary market for small business microloans and trading platform. Their CEO, Jonathan Brereton, stopped by the show to have a chat...and y'all know what a fan we are of CDFI's on Main St. Banking. Love meeting other true believers out there!!! Be sure to check out Scale Link at https://scalelink.org/ And many thanks to ICBA Securities for their sponsorship!
Wrapping up our discussion with Eric and Brett this week. If you missed last week's, be sure you go back and check that out. Otherwise, you just landed right in the middle of a conversation and it probably doesn't make much sense! Thanks to ICBA Securities for their continued sponsorship.
One of the most important (and yet least discussed) relationships in the bank is the CEO/CFO relationship. When it works...it REALLY works but when it doesn't....it REALLY doesn't. It represents banking, in so many ways, in that these two positions have vastly different perspectives yet must work together. However, I think you'll find in this episode (and next week's Part 2) that there are more similarities than you may have realized. Many thanks to Eric Alexander and Brett McDowell (CEO of Victory Bank in TX) for taking the time to sit down and chat. Also, thanks to our sponsor, ICBA Securities for their continued support.
With all the news and shake-ups we've seen over the last few days...I wanted to bring on Jim Reber to help banks understand what's going on.
Growing as a leader in a bank can be hard. Where do you even start? What does that even look like in practical terms? Eric Alexander with Six Arrows Consulting is a frequent guest of the show because these are questions we like to discuss! Be sure to check him out at https://sixarrowsconsulting.com/ as well as on LinkedIn And many thanks to ICBA Securities for their sponsorship. Check them out at https://www.icba.org/icba-securities
Many thanks to Jim Reber, CEO of ICBA Securities, for continuing to sponsor the show as well as come on each quarter to shed light on economic news. I know it's a big help to all of us here and to many of you as well. Be sure to register for the webinar he mentions at the end on Enterprise Risk Management. Jeff Rigsby is a great speaker and it'll be worth your time. You can register at https://stifel.zoom.us/webinar/register/WN_rg2hVHJHTWexHS8Jri1wTA#/registration
I was glad to bring back Tim Dively to discuss data and AI. Tim does a great job of cutting through buzzwords and help banks understand these very weighty topics. In this episode, we discussed more organizational change management than you'd expect on an AI podcast episode but I think you'll see the importance of understanding where to start with AI but also how to implement the change. Great conversation!
The CRA has always been of interest to me. There's a lot of good that's come from it but recent changes have made the implementation of the law rather murky. Today, we sat down with David Lenoir, Pres/CEO of ICBA CRA Solutions and Steffani Jenkins, CRA Liaison, to discuss the foreseeable future of the law and also how important the law is to community banking in general. To learn more about them, check out: https://www.icba.org/cra Also thank you to ICBA Securities for their ongoing support! https://www.icba.org/icba-securities
We've done quite a bit of content over the last few years about ideas to use the space we have in out banks. I think it's a fascinating discussion because the ideas are wide ranging and have a HUGE amount of opportunity. I met Alaa and got to know Maptician's work and I like the way he approaches this topic...managing leases. I thought it spoke to bankers and the way he frames the discussion around flex time/hybrid/wfh is interesting. Be sure to check Maptician at https://www.maptician.com/ or email alaa at alaa.pasha@maptician.com And as always, many thanks to ICBA Securities for their continued sponsorship.
It's been a long week this week with a ton of economic news....and you know us, when there's a news cycle like this, we bring on Jim Reber from ICBA Securities to give us a good comprehensive overview of what's going on. In the episode, he mentioned the webinar next week on Bank Strategy from Stifel. Register for that at https://stifel.zoom.us/webinar/register/WN_AxI4Bj-BRR62NjbUfxrneQ#/registration And to learn more about ICBA Securities, check them out at https://www.icba.org/icba-securities
There's an age-old question in bank management that I've heard all the nearly 25 years I've been in the business. How do we get more business referrals from our employees? And the next question is going to be something like..."why didn't this incentive plan work?!" If that situation sounds familiar (and I'm betting it does because, ya know...it's banking) then you might want to check out the episode today because a possible solution is amazingly simple. Be sure to check out BankerBounty at https://www.bankerbounty.com/ And many thanks to ICBA Securities for their continued sponsorship! https://www.icba.org/icba-securities
December 18, 2024 the Fed made an announcement that many people did not see coming. So, whenever the Fed does something, we bring on Jim Reber to digest it for us and explain it to the community banking industry. Be sure to check out ICBA Securities at www.icba.org/icba-securities
It's always fun to sit down with Jimmy Sawyers and look back at his predictions for the most recent year. We've done this since the very beginning of the podcast and it's been great every time. Today's episode is predictions 6-10 that he made for 2024...and let's see how he did! Check out Sawyers and Jacobs at sawyersjacobs.com/ And also many thanks to our sponsor, ICBA Securities: www.icba.org/icba-securities