You want deposits. You need a better strategy for acquisition.
For one client, a more thorough analysis recently uncovered $3.4 million in additional deposit opportunity at just one branch:
Improve customer share of wallet by 2.0%, $1,262,000
Acquire new deposit relationships 3.0%, $1,893,000
Improve deposit customer retention .5%, $315,000
Applied to a 15-branch network with equal opportunity and the right program in place could command $50 million in additional deposits.
Let us show you what a custom approach to deposit acquisition could mean for your FI. Provide us with a few details about you and your organization’s goals. We’ll circle back with you shortly.
Can’t wait? Call Jeremy Kane directly (616.608.7359) or send him an email (email@example.com).
648 Monroe Avenue NW Suite 312E
Grand Rapids, MI 49503