Community Banks Adapting to the Digital Age Blog Series

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. 1:28 - Why survey community banks?
2. 3:44 - How do benchmark interest rates impact community banks?
3. 5:52 - What competitive pressures do community banks face?
4. 8:41 - How are community banks responding?
5. 11:40 - How does a small bank leverage tech on a limited budget?
6. 14:20 - How do community banks achieve "economies of scale?"
7. 17:56 - Are community bankers approaching with tech excitement or apprehension?
8. 22:53 - What impact has Covid-19 had on community bankers' approach to tech?
9. 26:00 - The 2022 Survey: Inflation, interest rates and tech