Banking on Industry Growth with Current, Future Services Community Bankers Told What to Expect in Changing Industry

By Danker, Jessica | THE JOURNAL RECORD, May 21, 1996 | Go to article overview

Banking on Industry Growth with Current, Future Services Community Bankers Told What to Expect in Changing Industry


Danker, Jessica, THE JOURNAL RECORD


Community bankers need to continue to provide services like they have in the past but also be prepared to adjust to the changing financial industry.

And deciding when those changes should be made is up to the leadership of each bank, Leland M. Stenehjem Jr., president of the Independent Bankers Association of America, said Monday.

Stenehjem was a guest lecturer for the 1996 Conn Graduate School of Community Banking at Oklahoma City University.

Banking, in a lot of ways, is still the same, Stenehjem told students attending the graduate banking school.

"You still have to make good loans ... be nice to your customers ... and pay good rates. But things also change.

"I think we have to hang on to the things that have made us successful, but we have to be able to take on new things," said Stenehjem, who is president of First International Bank & Trust in Fargo, N.D.

"With changing times, comes opportunities," Stenehjem said. "The secret, though, is how you turn those around for your advantage."

It is up to the leadership of each bank to decide what is best for their institution, and that includes not only expansion and downsizing but also whether or not to use new technology, according to Stenehjem.

One of the major innovations community banks are facing right now is the Internet.

"I am surprised, but pleased, by the number of community banks that have pages on the Internet," Stenehjem said.

"Banks have to make a conscious decision about whether to be on it or not" and develop a strategy for the future.

Community bankers must also be aware of what is happening in Washington, D.C. that may affect the industry, he said.

Stenehjem discussed some legislation introduced at the federal level that would affect the industry, including the recapitalization of the Savings Association Insurance Fund and FICO (financial corporation) tax. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Banking on Industry Growth with Current, Future Services Community Bankers Told What to Expect in Changing Industry
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.