Read the original Financial Brand article here.
Here is a brief summary of the article:
- Community banks face challenges in adapting to technology, retaining talent, and navigating changing depositor expectations.
- CEOs of three community banks identify hurdles in technology, talent retention and acquisition, deposits, and net interest margin.
- These challenges threaten the traditional business model of community banks.
- Regulatory overreach is also a major threat to community banks.
- CEOs are betting on growth to overcome these challenges.