Overcoming Competition For Community Banks
As reported by the Birmingham Business Journal, JP Morgan just announced that they will be targeting rural areas - coming soon to a town near you.
On the one hand, as a community bank, you have the big game moving in. On the other hand, you have mobile banking and a new generation who has rarely set foot in a bank if at all.
With all of that going on, how do you plan to stay on top? You have to capitalize on what community banks do best - relational business. The best way to capitalize on relational business is by far BankerBounty.
BankerBounty is a program designed to turn your employees into sales people. No cold calls, no cold emails, no tapping people on the shoulder at the grocery store and handing them a flyer - Nope.
BankerBounty incentivizes the ole word of mouth referral. Check out this quote from Tina Corley, Business Development Officer at First Community Bank of Tennessee says: “There’s a new-found spirit here, and our culture is evolving in ways that result in measurable progress. Over 38 days since the launch of Banker Bounty, our bank has won over $1,000,000 in NEW money. And while the new money is worthy of being celebrated, the morale booster this has delivered within our organization is truly immeasurable.”
Want to hear more about how Tina and First Community Bank of Tennessee continue to bring in more than $1 Million a month in new money with BankerBounty?
Check out BankerBounty today! Set up a Demo or reach out to the author at wrainer@bankerbounty.com!
