Community Banks Adapting to the Digital Age

Community Banks Adapting to the Digital Age

Guests:

• CSBS Chief Economist Thomas F. Siems
• Federal Reserve Bank of St. Louis Supervision Policy, Research and Analysis Manager Meredith A. Covington 
• Temple University Professor of Finance and CSBS Adjunct Research Scholar Jonathan A. Scott 

In this episode, we explore how community banks are adapting to a changing digital landscape by analyzing banking and technology questions from the 2021 CSBS National Survey of Community Banks. 

Chapters

• 1:28 Why survey community banks?
• 3:44 How do benchmark interest rates impact community banks?
• 5:52 What competitive pressures do community banks face?
• 8:41 How are community banks responding?
• 11:40 How does a small bank leverage tech on a limited budget?
• 14:20 How do community banks achieve "economies of scale?"
• 17:56 Are community bankers approaching tech with excitement or apprehension?
• 22:53 What impact has Covid-19 had on community bankers' approach to tech?
• 26:00 The 2022 Survey: Inflation, interest rates and tech