Last year at this time (JRN 39:09), we reported that 31 credit unions had received approval in calendar year 2021 to expand their fields of membership (FOM) into underserved areas. Continuing on with last week’s theme of bank expansion into…
Having Choices is a Wonderful Thing
Sometimes we have to count our blessings. And this is one of those times. At Bauer, we are fortunate to have 41 banks with branches located in the same zip code as our main office in Coral Gables, Florida. Many…
Deposits or Not, Banks Need to Fund Loans
What do government stimulus, risk aversion, and job insecurity all have in common? They all played significant parts in deposit growth at our nation’s banks during the pandemic. Between year-end 2019 and March 31, 2022, bank deposits grew 37% (from…
Finding Balance Between Efficiency and Humanity
In case you missed it, on Friday, January 20th, several news outlets reported that Capital One Financial would be eliminating more than 1,100 tech positions. Interestingly, the systems designed by these workers, and intended to increase efficiency, are now being…