Jill McKean-Bilby

With the FDIC call report data now available for the 2nd quarter of 2024, we can now see that the median bank CD portfolio yield for the quarter was 4.16%, up from 3.96% in the previous quarter. The average CD yield in the U.S. for the quarter was 4.56% when you add up all the CD interest paid and annualize it compared to the average volume of CDs during the quarter. This is up from 4.48% in the previous quarter. This means that the banks paying higher rates had a significantly greater share of the volume. Bankers might want to check out our recent publication of the Term Funding Profitability benchmark at https://lnkd.in/gM_bHrq5 To explore the Pressure Gauge for your bank or your competitors use this link https://lnkd.in/eHWXGKZ. I'd love to hear from thought leaders like Ryan Rackley, Gregory Dushan, Jeff Marsico, Omar A. Hinojosa, CFA, Steve Wofford, Christopher Nelson, CFA, Chris Nichols, Dave McNab CPA, CA, Rutger van Faassen, Preston Afrank, Alisha Crafton, Michael Daidone, Gerard Colaluca, Beth Ericson, Boris Masip, MBA, Connie Loveland, Glenn Grossman, and Tom Grottke #banking #profitability #deposits #strategy

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The #S&P500 has had an exceptional year so far, but the question remains: how high can markets go in the short term? BOK Financial's Chief Investment Officer shares insights on what may be ahead for the financial markets. Read more here: https://ow.ly/1tLe30sEZJE #MarketOutlook

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With the FDIC call report data now available for the 3rd quarter of 2024, we can now see that the median bank CD portfolio yield for the quarter was 4.29%, up from 4.16% in the previous quarter. The average CD yield in the U.S. for the quarter was 4.62% when you add up all the CD interest paid and annualize it compared to the average volume of CDs during the quarter. This is up from 4.56% in the previous quarter. This means that the banks paying higher rates had a significantly greater share of the volume. Bankers might want to check out our recent publication of the Term Funding Profitability benchmark at https://lnkd.in/gM_bHrq5 To explore the Pressure Gauge for your bank or your competitors use this link https://lnkd.in/eHWXGKZ. I'd love to hear opinions from thought leaders like Ryan Rackley, Gregory Dushan, Jeff Marsico, Omar A. Hinojosa, CFA, Steve Wofford, Christopher Nelson, CFA, Chris Nichols, Dave McNab CPA, CA Rutger van Faassen, Preston Afrank, Alisha Crafton, Michael Daidone, Gerard Colaluca, Beth Ericson, Boris Masip, MBA, Connie Loveland, Glenn Grossman, Dave Wicklund, Mike Bilyeu, Ryan Walker, Gabe Krajicek, Amy Pierce, Gene Palm, Jim Wrigley and Tom Grottke #banking #profitability #deposits #strategy

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🤔 Interest rates in 2024 - will they drop or not? Get the inside scoop from BOK Financial’s Chief Investment Officer as he shares his insights after the recent #Fed meeting: https://ow.ly/I8h950SogYQ #InterestRates #FinancialOutlook

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Thanks to Chris Nichols and SouthState Bank for sharing valuable insights on the origins and evolution of time deposits. I love this quote in the article "As the legacy knowledge of deposit gathering is passed down from generation to generation of banker, some of the finer points of liability structuring are getting diluted with some knowledge just plain forgotten about." In the current landscape, bankers must adapt their deposit structuring and pricing strategies to avoid unproductive, reactive measures. It's crucial to move away from the "Whack-A-Mole" approach that many have resorted to since the Fed's interest rate adjustments in March 2022. It's time for banks of all sizes to embrace a more strategic and informed approach to optimizing their deposit processes, products, and pricing. By studying and implementing the deposit best practices checklist, professionals can enhance their overall deposit management strategies. Check out the interest-bearing deposit best practices checklist here: https://lnkd.in/gFvngEFP #Banking #Finance #DepositManagement #BankingStrategies #FinancialInsights

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Equip your business for success with flexible equipment financing options from Texas Capital. Whether upgrading or expanding, we’ll help you keep your operations running at full speed. Connect with me to learn more.

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With the FDIC call report data now available for the 1st quarter of 2024, we can now see that the median bank CD portfolio yield for the quarter was 3.96%, up from 3.69% in the previous quarter. The average CD yield in the U.S. for the quarter was 4.48% when you add up all the CD interest paid and annualize it compared to the average volume of CDs during the quarter. This is up from 4.39% in the previous quarter. This means that the banks paying higher rates had a significantly greater share of the volume. Bankers might want to check out our recent article on moving the focus from rates to profits at https://lnkd.in/gWWx4w4B To explore the Pressure Gauge for your bank or your competitors use this link https://lnkd.in/eHWXGKZ. I'd love to hear from thought leaders like Jeff Marsico, Steve Wofford, Dale Sheller, Ryan Hayhurst, Omar A. Hinojosa, CFA, Christopher Nelson, CFA, Chris Nichols, Dave McNab CPA, CA #banking #profitability #deposits #strategy

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Could you use up to $750 for your business? You’ve got it—when you open an Associated Bank business checking account! Follow these simple steps and get growing now! http://spr.ly/6040e8Tso

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How is your financial institution approaching deposits today? To stay competitive, we need enhanced sales processes that offer products beyond the classic checking, savings, and term deposits. Pricing must be relevant to depositors while remaining profitable for financial institutions. This calls for investing in innovative deposit strategies, moving beyond traditional practices. Interested in exploring what the best and brightest are doing in this arena right now? Join us to delve into the latest trends and strategies shaping the deposit landscape. Let's navigate the evolving terrain together!

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Exciting updates! Business owners, take note. The SBA has removed the $16.5 million cap on "energy public policy" projects under its 504 loan program. This change, outlined in an April 30 procedural notice, opens up new opportunities for projects that aim to reduce energy consumption by at least 10% or generate over 15% of energy with renewable sources. Additionally, projects focusing on reducing greenhouse gases and environmental impacts are now eligible. Stay informed with the details in the Biz Journals article linked below. #SBA #SmallBusiness #EnergyProjects https://lnkd.in/gmTni5Ag

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Optimize your small business’ marketing and advertising efforts with the help of SizeUp by Comerica. Enter your industry and location at comerica.com/succeed to start analyzing the #DFW market today. Member FDIC. #ComericaBank #BusinessMarketing #SmallBusinessResources

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Optimize your small business’ marketing and advertising efforts with the help of SizeUp by Comerica. Enter your industry and location at comerica.com/succeed to start analyzing the #DFW market today. Member FDIC. #ComericaBank #BusinessMarketing #SmallBusinessResources

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🤔 Interest rates in 2024 - will they drop or not? Get the inside scoop from BOK Financial’s Chief Investment Officer as he shares his insights after the recent #Fed meeting: https://ow.ly/Sihg50Sl0uk #InterestRates #FinancialOutlook

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When it comes to powering the future, the energy industry needs more than just a bank — they need a partner who truly understands their business. That's why so many business owners choose Comerica. 💼 At Comerica, we’re more than just bankers; we’ve become experts in: 🔍 Exploration & Production 🚚 Midstream 💸 Commodity Hedging 💡 Capital Market Solutions 💰 Treasury Management Learn why the energy industry chooses Comerica: https://bit.ly/48A2eOx Member FDIC. Comerica ranks first nationally among U.S. bank holding companies with greater than $70B in assets, based on commercial and industrial loans outstanding as a percentage of assets, as of June 30, 2024. Data provided by S&P Global Market Intelligence. #ComericaBank #EnergyIndustry #BusinessBanking #Comerica #PowerYourSuccess

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I am free to be myself at work and do not take that feeling of safety for granted. Read these tips from BOK Financial's director of diversity and inclusion on creating an environment where employees can be their authentic selves: https://ow.ly/tnJ030sEWya

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The Consumer Financial Protection Bureau (CFPB) has announced a $1.5 million fine against VyStar Credit Union. The penalty stems from a failed rollout of a new online banking platform that left consumers unable to access their accounts or manage their finances for extended periods. Here’s what happened: During the transition to a new online banking system in 2022, thousands of VyStar members were stranded from their accounts. Members could not check balances, pay bills, or use essential digital banking services. The CFPB determined that VyStar failed to put adequate consumer protections and contingency plans in place—an oversight that directly harmed consumers who rely on these basic financial services. This case serves as a critical reminder to all financial institutions: Robust Compliance Controls: Proper risk management and regulatory compliance aren’t just check-the-box exercises. They must be integral to every system change and rollout, especially those that impact consumer access to their funds. Consumer Protection is Paramount: Effective communication, operational readiness, and strong safeguards are crucial when implementing any major system change. Customers should never be left in the dark or without access to their money. https://lnkd.in/eFtwqekY #cfpb #ConsumerCompliance

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Does your industrial business need newer, more efficient equipment or machinery? Are you thinking about financing an acquisition but want to know more about how the lending process works? Read the latest Texas Gulf Bank blog to discover the benefits of equipment financing. Also, learn how we may be able to help you obtain the equipment needed for day-to-day operations and long-term growth initiatives. All Loans Subject To Credit Approval MEMBER FDIC https://lnkd.in/g6kdrQ8B

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Read our newest article Seizing the T+1 Opportunity to learn more about the opportunities this transition will bring to our industry. Learn more about how this can be potentially transformational to organizations that embrace the changes that T+1 requires of them: http://ms.spr.ly/6046YkQC4 #T1

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