Want Small Business Deposits? Focus On Primacy
By providing small businesses access to credit and other services, banks can realize better performance in their overall deposit portfolios.
READ TIME: 1 MIN
February 27, 2024
Categories
smallbusiness
Small Businesses Offer A Clear Profitability Upside For Banks
On average, financial institutions spend about half as much to acquire small business deposits than consumer deposits. And small businesses that have a lending relationship with a bank keep far higher deposit balances than those without the lending connection.
READ TIME: 5 MINS
September 21, 2023
Deposit Costs: Finding The Right Balance For Small Business Success
Last week’s installment of This Month In Retail Banking focused on acquiring the right balance of checking deposits and rate-based products to optimize deposit growth in today’s challenging market. This week we continue the conversation by making a case for focusing on the small business segment.
READ TIME: 3 MINS
August 31, 2023
Section 1071 For Small Business Lending: Are You Ready?
Ready or not, it’s here! On March 30th, the Consumer Financial Protection Bureau (CFPB) issued its final rule to amend Regulation B to implement changes made to the Equal Credit Opportunity Act (ECOA) via section 1071 of the Dodd-Frank Act.
READ TIME: 3 MINS
June 28, 2023
Curinos Perspective: Precision Pricing In Small Business Lending
Small Business is a top priority for banks for two reasons. First, the challenges to core mass market consumers due to the restructuring of overdraft/NSF fees have led banks to look for growth in higher-value segments.
READ TIME: 13 MINS
June 20, 2023