Main Street Banking: A Podcast for Community Bankers

Walk off those extra turkey calories with Chris and Byron talking about music and food. It may surprise you that we don't spend every waking minute talking about banking. I know...shocking. But, we thought you'd like to hear what a typical Chris and Byron conversation sounds like...on two of our favorite topics. Just sit back and laugh along with us...enjoy our hot takes...criticize our opinions...we're ok with all of that!

Don't forget to check out our sponsor, ICBA Securities, and thank them for letting us put out even this kind of content for the community banking industry. https://www.icba.org/icba-securities

Banks need deposits...banks raise deposit prices...or banks go to capital markets...bank down the street does the same thing...margins get thinner and thinner...

Sound familiar?

So, let's break out of that rut and rethink this idea of marginal cost of funds as well as the value of our franchises and incorporating an idea called "lifetime value of accounts". Honestly, it's the best long-term option community banks have in an environment like this.

Neil Stanley is the CEO and Founder of The CorePoint. Check them out at https://thecorepoint.com/

And many thanks to ICBA Securities for their sponsorship and support. Check them out at https://www.icba.org/icba-securities

We have several end of the year traditions at Main Street Banking and taking a look back at the year with Gerrish Smith Tuck, PLC is one of them. Greyson Tuck is President of Gerrish Smith Tuck PLC and Gerrish Smith Tuck Consultants LLC located here in Memphis. They do extensive traveling, consulting, and teaching with community banks all over the country and have their fingers firmly implanted on the pulse of the industry.

To get in touch with Greyson and/or to register for the publications mentioned on the podcast (and you should if you're not!) email him at [email protected]

To learn more about the Board Chair Forum, visit https://barretbanking.org/landings/community-banking-board-chair-forum/

Finally, many thanks to our sponsor, ICBA Securities, for their support of our mission here! Visit them at https://www.icba.org/icba-securities

When there's economic news you can use for community banks, we bring Jim Reber to help explain. Jim is the CEO of ICBA Securities here in Memphis and one of the top subject matter experts in this area for community banks.

Many thanks to him and ICBA Securities for the sponsorship of the show and willingness to help the community banking industry!

https://www.icba.org/icba-securities

For about 20 years, we have done a GAP Assessment where students are surveying the communication (by extension, then, the bank's culture). It's a look at the communication culture of the entire bank from multiple different angles and perspectives. It's always a fascinating look at banks to see where these gaps exist.

And that's what led us to this. Over these nearly 20 years, we've had great insights into a good sample of community banks' cultures. We thought it was a good idea to share what we're seeing from this perspective with you all in hopes that you'll find some benefit.

To read the white paper, https://barretbanking.ac-page.com/gaps-in-communication-whitepaper-2023

And many thanks to our sponsor, ICBA Securities, https://www.icba.org/icba-securities

Continuing yesterday's conversation around stewardship and banking. If you haven't heard part 1, be sure to go check that out.

Stewardship is a word that we don't use often in the banking world...and that's a shame. While many of us come from a faith tradition that brings a particular set of ideas along with the word, there are some very pertinent points that apply so specifically to banking that I think it wise to discuss them here. For me, this conversation (and those leading up to recording) really sharpened the focus of what it is we do.

Eric Alexander has a long career in banking and recently started Six Arrows Consulting. You'll be hearing and seeing more from Eric over the coming months in our programming and I thought this was also a good place to introduce him to the Barret family.

To learn more about Eric and Six Arrows, check out https://sixarrowsconsulting.com/

And many thanks to our sponsor, ICBA Securities for their continued support! https://www.icba.org/icba-securities

So, the bank president gets hit by a bus...what happens?

What about the CFO? Or the Compliance Officer? Is that a different story?

With apologies to our friends in executive management (I swear, we're not trying to bump you off!), a large part of culture and engagement that we are missing is succession planning...and by that I mean more than what the regulators make us do.

Stephen Ingalls is the Pres/CEO of Team Catalyzer that specializes in these types of discussions with community banks and has worked with community banks across the country. He brings a perspective to this conversation that I had not considered before and I hope you feel the same.

Check out Team Catalyzer at https://teamcatalyzer.com/ and you can email Stephen at [email protected]

As always, many thanks to our sponsors at ICBA Securities and be sure to check them out at https://www.icba.org/icba-securities

Thanks for coming back for part 2. If you missed part 1, please go back and listen so you'll be caught up!

We talk a lot about engagement and culture and things like that. For some, it's an odd concept to get our minds around. Numbers people like...numbers. So, let's look at some.

Each year, Cross Financial has done an engagement survey that specifically targets community bank employees and finds out where the needs are.

Check out the results on the show page check out Cross Financial at www.crossfinancial.com/

Finally, may thanks to ICBA Securities for their sponsorship. Check them out at www.icba.org/icba-securities

We talk a lot about engagement and culture and things like that. For some, it's an odd concept to get our minds around. Numbers people like...numbers. So, let's look at some.

Each year, Cross Financial has done an engagement survey that specifically targets community bank employees and finds out where the needs are.

Check out the results on the show page check out Cross Financial at https://www.crossfinancial.com/

Finally, may thanks to ICBA Securities for their sponsorship. Check them out at https://www.icba.org/icba-securities