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04/12/2023

Paying Up in an Uncertain Market

Even before a global banking crisis began in mid-March, which occurred after many of the interviews in this article, banks were starting to feel the pressure on their funding bases because of rising interest rates. That had community institutions like $1.5 billion Main Street Group Bancshares paying up for deposits, especially for the bank’s largest depositors. “We’re constantly looking at our rates and products, just like so many other banks. We are working hard to demonstrate value for our top 1,000 customers and reaching out to them. We’re raising our deposit rates as much as we can,” says Walter Dwyer,…

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WRITTEN BY

Laura Alix

Director of Research

Laura Alix is the Director of Research at Bank Director, where she collaborates on strategic research for bank directors and senior executives, including Bank Director’s annual surveys. She also writes for BankDirector.com and edits online video content. Laura is particularly interested in workforce management and retention strategies, environmental, social and governance issues, and fraud. She has previously covered national and regional banks for American Banker and community banks and credit unions for Banker & Tradesman. Based in Boston, she has a bachelor’s degree from the University of Connecticut and a master’s degree from CUNY Brooklyn College.

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