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Community Banking
Most community banks today are faced with constant pressure on interest margins,
strong competition for quality loans, increasing difficulty in raising low cost
deposits, and continual pressure to reduce expenses. Community banks continue to
struggle with technology that is under utilized and more difficult to manage. Technology
decisions are getting more complex, more expensive and executives are being presented
with an increasing number of requests for significant technology expenditures. Just
10 years ago there were only a few "systems" in a bank, now there can be dozens
of complex major systems, which in most cases all need to work together. Just one
technology mistake today can be very costly, not only in terms of monetary cost
but also in terms of lost time on an unproductive project. And lastly, we continue
to be overwhelmed by new regulations like the US Patriot Act, Sarbanes-Oxley Act,
GLB, and Check 21, all of which strain the resources of a community bank.
The Vitex Community Banking Practice is dedicated to helping bank executives deal
with these challenges. Our professionals are all individuals that have demonstrated
leadership and a sustained level of success throughout their banking careers. Every
professional is an expert banker with over 20 of banking experience; many are considered
experts in their field of practice. Our professionals lead and assist our clients
in developing practical strategies focused on helping them achieve their strategic
business objectives.
To help community banks on an on-going basis, we have created The Vitex Alliance.
The primary purpose of The Vitex Alliance is to provide on-going visionary leadership
to Presidents and CEOs of community banks. Many of our client executives use the
Alliance to supplement their team and to provide a system of checks and balances.
For example, many clients do not have an experienced senior executive to manage
their technology. Other clients have internal expertise but value an independent
source of unbiased information. In either case, we have found that, working closely
with the President and CEO, we are able to provide strategic advice and guidance
across a wide range of issues. Our professional staff averages almost thirty years
of banking and technology experience. As senior bank executives, we have dealt with
the same types of issues every CEO faces daily. Regular interaction with our team
delivers a high payback on your Alliance investment - both in managing technology
and improving the bank's overall profitability. Technology touches almost every
major aspect of bank today. We help ensure that each technology decision reinforces
and supports your overall business strategy.
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