Our blog is dedicated to sharing our thoughts and expertise about the banking industry and how you can experience quantifiable results for your financial institution. We invite you to hear the perspectives from our banking professionals through our posts.
Mergers and acquisitions have long been a defining feature of the financial services industry, and that trend shows no signs of slowing down. In fact, recent activity confirms just how central M&A has become to the strategy of financial institutions. For many community-oriented banks, M&A has shifted from an opportunistic strategy to a practical necessity […]
The payments industry is experiencing a profound transformation fueled by shifting consumer preferences, regulatory changes, and the introduction of numerous new technologies. From the decline of cash to the rapid adoption of digital wallets and real-time payments, the way individuals and businesses pay is evolving more quickly than ever before. In order to help community […]
Bank growth shouldn’t be measured by asset size alone. As institutions expand, whether organically, through acquisition or by deepening market presence, the real question becomes: Is our growth profitable, sustainable and aligned with who we are as a bank? Today’s environment requires more than adding depth to the balance sheet. It requires a clear strategy, […]
Just as you wouldn’t try to sell a hamburger to a vegan, banks shouldn’t waste valuable time and resources marketing their products to a segment that will never want them, no matter how good they are. Even the best marketing campaign can fail if it’s aimed at the wrong audience! For community banks, employing a […]
Historic Boston made the perfect setting for PRI’s annual meeting this October, where the focus centered on celebrating milestones, continuing to grow, and reinforcing the company’s shared purpose. Team members from across the country gathered to review the year’s projects and client outcomes, hear from PRI’s leadership team, and engage in conversations around the company’s […]
If you could articulate one common goal shared by most businesses today, it can probably be summed up in one word: Growth. But what does “growth” mean and what does it look like in practice? What is the best way to achieve growth? It may seem counterintuitive, but sometimes an organization needs to shrink to […]
Although we’ve watched deposit growth in recent years respond to some unusual fluctuations – such as COVID, incentive-driven increases, the subsequent spending down of those accumulated funds and reactions to bank failures – it appears to have stabilized and returned to pre-pandemic levels with balance growth essentially flat. According to the American Bankers Association (ABA), […]
In today’s world, community financial institutions find themselves at a crucial crossroads: how to combat escalating fraud risks without sacrificing growth, customer experience, and ultimately profitability. The task is not just to minimize fraud losses, but to do so without costing the bottom line. Striking this balance is essential because effective fraud management is no […]
In a time when digital payments and online accounts dominate the financial landscape, it may be surprising to learn that millions of Americans still live outside the traditional banking system – often at great personal cost. For community banks, implementing strategies to effectively reach these market segments is an opportunity to strengthen local economies, build […]
The current buzz around using Artificial Intelligence (AI) is loud in just about every business sector out there. For financial institutions, both AI and automation matter a lot when you’re talking about profitability and long-term success. However, banks – especially community banks – have some unique challenges to consider when they begin seeking to implement […]
