As community banks confront their many challenges, some are coming up with inventive strategies to attract more deposits, generate fee income, branch more cheaply, support local businesses and improve their communities. Here are nine ideas that just might be worth borrowing.
1)
Banks find unexpected ways to make a difference in the community
2)
A small bank in north Tennessee turns a swanky shindig into a cash cow
3)
With an eye on the underbanked, community banks ramp up prepaid card programs
4)
Credit union discovers a cheap way to enter mobile banking and create a side business
5)
Small banks find success in creating distinct brands online
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Some banks find supporting area businesses through local currency programs is a natural fit
7)
Paying customers to use debit cards pays dividends for banks too
8)
Excess square footage can help banks turn a profit and attract more foot traffic
9)
Free music helps keep young people using their hometown bank, even when they move