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.
As we discussed in our last blog, change can be daunting. When an FI recognizes that doing things the way they always have could be leading to negative consequences for their organization, they may decide to change processes, allowing for increased efficiencies, improved morale, and increased profits. Establishing a proactive culture that asks the tough, […]
Change can be daunting. Understandably, the tendency to stick to the path of least resistance can lead FIs to continue doing things the way they always have – even when the processes are outdated and inefficient. Have you ever asked the simple question of your team, “Why do we do it this way?” The common […]
In our last blog post, Sue Schmiedeler, project manager at Profit Resources Inc., discussed best practices in project management that ensure the financial institution can minimize business disruption and maximize efficiencies and long-term benefits, including profitability. In this blog, she shares 10 tips to facilitate better and more effective project management. Assess the risks. Every […]
When launching complex projects such as a core conversion or merger and acquisition activities, financial institutions are wise to dedicate substantial time and resources to planning and project management. A good project management process will minimize business disruption and maximize efficiencies and long-term benefits, including profitability. Sue Schmiedeler, project manager at Profit Resources Inc., recently […]
Data and technology continue to shape the future of the lending industry, and opportunity-driven Financial Institutions are embracing and adapting to the changes. In part 1 of this closer look at how the current environment impacts lending and operations, we examined the significant trend of digitization of the lending process. Part 2 will address how […]
Technology has been a catalyst for fundamental change in financial institutions for more than a decade. The pandemic accelerated these changes, especially in lending and operations. The most significant trend in lending in 2021 will be increasing digitization. At the onset of the pandemic, many FIs scrambled to address the need to process PPP loans […]
Bill Zumvorde and Mike Holt visited with banker friends and enjoyed meeting new acquaintances at the Ohio Bankers League/West Virginia Bankers Association Joint Convention at The Greenbrier. PRI set up a booth in the exhibit hall, sponsored a dinner with other friends, and enjoyed all that The Greenbrier has to offer! The OBL and WVBA […]
With in-person events slowly making a comeback, we were thrilled to recently attend the 2021 Missouri Bankers Association Annual Convention in Branson, Missouri. Even with the shortened schedule, adjusted due to COVID-19, Bill and Mike enjoyed meeting and talking with bankers from Missouri at the show. They also got out a bit in Branson and […]
In our last blog post, we discussed the importance of integrating “best practices” during mergers and acquisitions to maximize efficiency and reduce costs. But that’s only part of the story in an integration; in this blog, we will tackle the issue of culture integration. When any acquisition is announced, the press release invariably extols the […]
Merger and acquisition integration of technology requires a close look at the different processes and best practices of the Financial Institutions involved. Most FIs have similar processes, but they may go about them differently with varying levels of efficiency. Often, the acquiring institution converts the processes of the acquired FI completely without first thoroughly reviewing […]
