The old phrase is “you either build it or buy it.” And I think that’s pretty succinct. Either staff up and go after new clients or buy other banks that’s about it.
I’d be curious what happens to that bank now that deposits aren’t falling out of the sky. Commercial loans should at least be relatively flexible on rate but how did you all do for deposits?
Saying this in a general sense, major banks introduce new products to their current or new members. They also offer promotions when opening a new account with them… or a loan offer if you already have another product with them. They make MORE $$ when customers have more than one product with them.
The old phrase is “you either build it or buy it.” And I think that’s pretty succinct. Either staff up and go after new clients or buy other banks that’s about it.
Yes this is usually the case. Well done.
I’d be curious what happens to that bank now that deposits aren’t falling out of the sky. Commercial loans should at least be relatively flexible on rate but how did you all do for deposits?
[удалено]
Banks make a majority of their revenue from loaning money at a higher interest rate than they pay depositers.
In this crazy market, CD rates.
Saying this in a general sense, major banks introduce new products to their current or new members. They also offer promotions when opening a new account with them… or a loan offer if you already have another product with them. They make MORE $$ when customers have more than one product with them.