Hoosier Banker 33 are they doing with rates? What new products are they offering? 2. How will the Federal Reserve’s expected moves in coming months impact our rates, our margins and our annual net income? 3. What is our bank’s strategy for contacting our largest depositors and determining their needs? 4. What new deposit products do we plan to offer, and how will we offer them only to our best customers? Not all customers or deposits have equal value to the bank. & A Smart, Profit-Enhancing Solution. REDUCE COLLATERAL BURDENS and Increase Asset Liquidity LOWER FUNDING COSTS in a Flexible, Cost-Effective Way Limits, terms, and conditions apply. © 2017 Promontory Interfinancial Network, LLC. To learn more, contact your Regional Director, Erich Buckenmaier, at (866) 776-6426, ext 3354 or ebuckenmaier@promnetwork.com. 5. What is our funding plan? In other words, what are our alternatives if we need deposits to grow, and what will they cost? This is perhaps the most difficult question to answer. While it’s important not to be caught off guard in a rising-rate environment, rising rates can be a good thing for a bank with a solid deposit strategy in place. For the first time in a long time, the wind will be in the sails of bankers. They just need a plan for navigating the changing environment ahead. HB The Farmers Bank, Frankfort, has opened a banking center at 5450 W. State Road 26 in Rossville, next to Flour Mill Bakery. The branch offers a full array of financial services, as well as drive-up facilities and an automated teller machine. In celebration, the bank is donating $20 – up to $5,000 – to the Rossville Education Foundation for every customer opening accounts through March 5, including accounts opened at other locations since the announcement in October 2016 of the new branch. Commerce Bank, Evansville, hosted a grand opening on March 8 of its new branch located at 618 N. Saint Joseph Ave., Evansville. The event included a ribbon-cutting ceremony and presentations by Mayor Lloyd Winnecke, members of the Evansville Chamber and other city officials. Refreshments were provided, and special CD rates were offered. Associates and guests of Commerce Bank, Evansville, cut the ribbon to open the bank’s new branch. BANKING CENTER NEWS A ribbon-cutting ceremony marks the opening of the Rossville branch of The Farmers Bank, Frankfort.
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