ABA Banking Journal - November 2008 - (Page 43)

Congratulations them to death,” John Boucher says. But the bank isn’t relying solely on that formula. It has an “e-branch,” for example, where it opens accounts online. “We have all the bells and whistles of bill paying, electronic banking, debit cards. We’re finding that the activity in the traditional branch is becoming less and less each year and all of those other things are just growing off the charts— doubling every year,” notes Boucher. Further, the $1 billion bank is putting a big effort into mobile banking service. Connelly and Boucher recognize that the world is changing and many people don’t come in to branches anymore. The last few branches the bank opened have not shown the kind of growth that a new branch used to generate. With the way young people text message all the time, they figure that mobile banking won’t be tough to sell to them. Connelly notes that the bank’s slogan is “Live life for all it’s worth.” It’s a message of empowerment, he says. “That’s what a good community bank does.” And if the empowerment comes via a cell phone—so be it. A complement to empowerment is recognition, and Connelly makes a point of crediting the bank’s and his own success to the bank’s “passionate and hard working staff” and to its “diligent and mature board.” ARTHUR CONNELLY On being named Chairman of the American Bankers Association Your friends at Spillane Consulting Associates, Inc. Consulting • Staffing • Contract Services www.scapartnering.com Goals as ABA Chairman In any position of leadership, much of what a person can hope to accomplish depends on events beyond his or her control. Connelly’s term looks to be shaped largely by the aftermath of the massive government intervention and investment in the financial services industry, and by what happens with the economy. Nevertheless, Arthur Connelly has a few things he hopes to be able to focus on as the 123rd chairman of the American Bankers Association. Even before the events of the fall, market conditions made it clear that reinforcing the message of the safety and soundness of the banking industry was the top association priority. Subsequent events have only made that more important—and more challenging. At every opportunity, Connelly and the other ABA officers point out that the vast majority of the banks in this country are “well capitalized.” His second major issue will be to continue to develop the ABA’s already strong Subscribe at www.ababj.com ABA BANKING JOURNAL/NOVEMBER 2008 43 http://www.scapartnering.com http://www.scapartnering.com http://www.cenlar.com http://www.cenlar.com http://www.ababj.com

Table of Contents Feed for the Digital Edition of ABA Banking Journal - November 2008

ABA Banking Journal - November 2008 Contents Editor's Column Banking 2.0: Credit, Banking's Essence, Set for Rethinking Snapshot: The Few, the Proud, the Banks that Can Raise Capital Will Strong and Simple Banks Inherit the Business? Back to the Future ABA Resources ABA Chairman's Position Farm Lenders Must Take Care When Lending in Indian Country Pass the Aspirin Into the Breach Adventures Across A Century What the Future Holds, Post Crisis Paul Volcker: A Financial Legend Still Speaks Strong Ed Yingling: Weathering the Storm Dick Kovacevich: "Boring" Banking to Dynamic Financial Services Jim Culberson: Community Banking: What has Changed and What Shouldn't Walter Shipley: How a Chemical Reaction Helped to Mold Today's JPMorgan Chase William Isaac: Challenges and Opportunities Ahead for Banks A Hundred Years from Our Pages Eight Tech Innovations that Brought Banks into 21st Century Bank Cherokee: Third Generaton Marks 100th Year The First National Bank of Altavista: Railroad Gave Birth to a Town, a Hope Chest, and a Bank Rosedales Federal Savings and Loan Association: How a Friendly Game of Cards Turned into a 100-Year Mutual New Washington State Bank: Cooking Up the Next 100 Years Mailbox Banker's Mart To Advertise/Index of Advertisers The Economy

ABA Banking Journal - November 2008

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