After years of consolidation, a new wave of bank and fintech charters is signaling renewed competition in the market. With regulators growing more comfortable with new entrants, this could mean more approvals for niche, digitally focused banks, according to The Financial Brand. For community banks, that means fresh competition for deposits and talent, but also proof that localized, tech-enabled banking remains viable.
Are you thinking about new entrants impacting your markets? How might these developments force you to rethink your partnerships or growth strategy? How might community banks apply insights from new charters to strengthen their own value propositions?
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