Louisiana Bankers Notes Blog

    10/23/2017
   

Bank Consolidation Impact Wide

When a Louisiana community bank acquires another Louisiana community bank, one bank attains markets, deposits, loans, people and scale. The other bank, for many reasons, found a partner to achieve their goals. Let’s assume, for our purposes, these two are pleased with the outcome. For onlookers, they may see community banking taking another hit. Fewer bankers, less political muscle in contacts and PAC contributions. A smaller pool of bankers to serve as volunteers in local and state organizations like the LBA. The consolidation is seen as one consequence of extraordinary regulatory requirements that make no economic sense. In March of 2008, there were 162 banks domiciled in Louisiana. In June 2017, we have 128 domiciled here. Seventy-two of those 128 that have assets below $250 million. There are 118 of the 128 below $1 billion. More consolidation is in the future of Louisiana and the nation.

A couple of developments related to this. This month the LSU Graduate School of Banking held a strategic planning session that had a focus on the industry consolidation and its impact on the school. The sweet spot for GSB are banks $500 million and below. That is the challenge. The top three locations students come from to attend GSB are Louisiana, Tennessee and Mexico. About 10% of the student body comes from Mexico. There are six such schools nationwide and LSU GSB will work to continue its excellence in education and leadership.

Another development is with state banker associations around the country. We are meeting by conference calls and planning for an in-person meeting in November to confront how consolidation is impacting the ability of state banking association to deliver on their mission. We have divided ourselves into specific group topics to prepare, and I serve on the Political Engagement Steering Committee. I hope to come away from this exercise with a few items that can help us here at LBA. What we are confronting here is similar to the challenges you face at your bank, except what you face is much more difficult. I am grateful that LBA has a great staff and a supportive board of directors that will keep us on mission. 

 
 

    9/18/2017
   

LBA Launches New Resource & Peer Group for Women in Banking

LBA's newest resource and peer group is worth checking out. Below is a story that ran in LBA's newsletter explaining the vision for PWR – Professional Women Revitalized. 


PWR – Professional Women Revitalized

We are bankers. We are professionals. We are women. 

Some of us are new to the banking industry and we are trying to define success for ourselves.

Some of us are in mid-career and wondering where we go from here.

Some of us have years of banking experience and would love to lift up younger women bankers.

PWR’s webpage features resources helpful to bankers who happen to be women. Many of the resources will not be gender specific; however, some will. We will hear from professional women from inside and around the banking industry. The goal is to support women bankers from that initial step of defining success through the mid-career questioning into the seasoned opportunity to pass on wisdom and experiences. When one of us questions why we remain in the banking industry when the deck seems stacked against us, it affects all of us. We should all work to support each other to success. We understand the definition of success is different for each of us and that is perfectly okay. The thought is that fellow women bankers’ support can help you meet your success goals more productively.

PWR – professional women revitalized, a LBA webpage that is dedicated to Louisiana’s women bankers, is your resource! Click here to visit the webpage

 

    9/11/2017
   

Consider Hosting Bank Shadow Day this October Through 365 to Rich Program

We are very excited to introduce a new Louisiana Bankers Education Council program, 365 to Rich, that was piloted in 2016 and will be open to all banks this year. 365 to Rich Bank Shadow Day is a great program for high school seniors to spend a day shadowing a banker. The last two weeks of October are designated as the time to hold the 365 to Rich Bank Day. The purpose of 365 to Rich is to introduce banking as a career option and to provide financial literacy resources to the student. 

The name 365 to Rich comes from the actions that take place after the shadow day when the student will receive a daily text for 365 days on how to become “rich” in all ways such as money, work, knowledge, service, relationships, etc. 

After the 365 to Rich Bank Shadow Day, the students can write an essay, 500-1,000 words, that will be judged among the others across the state, with one student awarded an iPad.

All banks in the state are encouraged to participate this year. We will provide you with all the following:

  • Sample letter of introduction to the teacher at the high school where the bank asks for a nomination of a student to participate in the program
  • Student application that is to be signed by the student, the sponsoring teacher and the parent
  • Sample schedule of the shadow day
  • Essay guidelines
  • Frequently asked questions
  • Financial literacy power point presentation to show the student during the shadow day
  • 365 to Rich t-shirt for the student
  • Flash drive for the student that will contain the financial literacy power point presentation and a list of financial literacy resources 

If you are interested in participating, please email LBA's Chief Operating Officer Ginger Laurent at laurent@lba.org and she will send you all the documents. All we ask in return is that you send us a picture of your student at the bank on the 365 to Rich bank day. Click here to see the pictures from the 2016 pilot program. Click here to go to the 365 to Rich webpage. What a wonderful way to interact with students in your community who may be interested in a banking career.

 

    9/4/2017
   

LBA Launches 2017 Hurricane Resources Webpage

Our thoughts and prayers are with all those in the Hurricane Harvey-affected areas. LBA has launched a 2017 Hurricane Resources webpage. Click here to visit the webpage . We continue to add to the page as we gather more information. Let us know if you have questions or need more information. Please stay safe and keep us posted on your status.