 Online Banking Gives High Interest Rate
M&T Bank in Baltimore, MD has hit an opportunity by offering 3% interest rate to its' online customers. There is no guarantee this interest will stay the same but the customer has 24/7 control to move the funds. There is no minimum balance or monthly fees. For Americans who are holding tightly to whatever cash they have, this is a good place to get some interest for it. (I know some banks are doing this for new business accounts. Call me if you would like to know more.) Finance
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Bank Merger Activity To Grow in 2009
New IRS incentives that reward institutions to take over failing competitors, although temporary, will increase the number of mergers - soon. Some folks even say the TARP monies will help stimulate this activity. Of course we all know that when eyes are focused on mergers they usually don't pay as much attention to "knitting at home" as they should, leading to current customer dissatisfaction. And some of the "merged" customers will start looking for a new bank.
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Banking Nuggets of Knowledge
- NSF-related fee income accounts for 6% of total net bank operating revenues.
- Only 1/3 of US banks have a debit card reward program.
- Online banking investments have not been very successful.
- Few people are paying any attention to bank site blogs.
- Number of bank failures in 2008-16. Failures between 2004-07 - 6
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Does 'Green Banking' Pay Off?
According to a recent national study, over 75% of U.S. adults believe "society can solve big problems with the environment by getting lost of people to do just a little." About 22% of those consumers say that green initiatives cement the bond they have with their bank. Some 68% agree they like to do business with companies that are environmentally responsible. But be careful, 72% resent companies that say they care about the environment but don't mean it.
Javelin Strategy and Research
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Silver Bullets for Quick Revenue Growth
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 Funnies
Law of Logical Argument
Anything is possible if you don't know what you are talking about.
Doctor's Law
If you don't feel well, make an appointment to go to the doctor, by the time you get there you'll feel better. Don't make an appointment and you'll stay sick.
Idiot Sighting
"When my husband and I arrived at an automobile dealership to pick up our car, we were told the keys had been locked in it. We went to the service department and found a mechanic working feverishly to unlock the driver's side door. As I watched from the passenger side., I instinctively tried the door handle and discovered that it was unlocked. 'Hey,' I announced to the technician, 'its open!' He replied, 'I know. I already got that side." (A Ford dealership, MS)
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Community banks continue to get mixed signals from Washington and the economy about the future. Rumors are numerous about what the typical bank should do. Some are bailing fast to keep their loan portfolio from sinking them. Some are enjoying record profits. Others are still waiting for 
