It has been said that the best acquisition a bank can make is of a new customer. But let’s face it: for most banks, organic growth is hard. For those wanting to grow revenue, deposits, brand, market size and market share, we hosted a “Growth” conference at the Ritz-Carlton in New Orleans earlier this week. Below, some pictures from our time in the Crescent City along with links to organic growth & FinTech-specific content.
Clearly, there has been an enormous shift in asset concentration and customer loyalty during the past two decades. Today, the ten biggest banks in the U.S. have more assets than all of the other institutions combined. Concurrently, major consumer brands such as Apple and Google have emerged as significant non-bank competitors. As such, we designed this year’s Bank Board Growth & Innovation Conference around the concept of building sustainable franchise value.
To stay both relevant and competitive, I believe that building a culture of disciplined growth that encourages creativity and risk taking is essential. For a bank’s CEO, executive team and board, this requires a combination of knowledge, skill and courage – things we designed this conference, a complement to our annual Acquire or Be Acquired Conference, to provide. Behind the scenes, our team works hard to deliver a “Four Seasons”-level of service — and I am especially proud of how everyone navigated the weather challenges that hit the city on Monday. It was great to arrive to so many smiling faces!
For those curious about the topics and trends covered at the event, you can up on what was covered by clicking on:
- Looking for Great FinTech Ideas
- Three Observations from the Bank Board Growth & Innovation Conference
- A Tale of Three Growth Banks
- Banking Millenials
In addition, take a look at what our editor, Jack Milligan, has shared on his blog, The Bank Spot. And since its Friday, I’ll take the liberty of closing with laissez les bons temps rouler!