The week of March 25, 2019 I had the opportunity to visit with a room full of community banks with assets in the 100 million to billion range. Organization with 25 to maybe 300 staff.
The presentations taught me more about the difference between what large International Organizations worry about and what these small community banks need to learn. Faster Payments, Zelle, same day ACH all new services these organizations must integrate into their organization, both technically and procedurally.
Things I have been exposed to are new challenges for these small town banks.
Words like liquidity risk clearly top of mind. Yet, as we move from over night settlement to real time settlement.
Phone fraud, risk mitigation all greater challenges not necessarily appreciated yet alone understood.
In the end what is clear these community banks exist because of the small towns they understand and work within. Do those of us exposed to a larger world understand what drives these communities banks, at least not I.