We are excited to be attending the Jack Henry Annual Conference (JAC) and TechConnect once again this year! Definitely looking forward to spending a few days in beautiful San Diego, California in less than 25 days!
Joe Ehrhardt, CEO and Founder of Teslar Software, participated in the 2019 Banking and Finance Symposium hosted by The University of Mississippi last week.
In June of 2019, the FDIC released their annual report on the performance of Minority Depository Institutions (MDI). This report has been produced annually since 2001 and provides an excellent outlook on how MDIs are doing across the country.
The Independent Community Bankers of America (ICBA) announced that they are starting up the second year of the ICBA ThinkTECH Accelerator program. At the beginning of 2019, Teslar participated in the inaugural class of the ThinkTECH accelerator.
Community banks are fundamental elements within communities across the country. Whether they are funding school fundraisers, creating local scholarship funds, or donating to local charitable organizations, community banks have always lent a helping hand to those in need.
Wishing you and yours a very Happy & Safe Labor Day!
We are excited to share that ICBA has invested in our company, bringing the total seed capital raised to $2 million. We plan to use the capital to add staff to support our growth while maintaining a high standard of customer support and service.
A trend on the rise in community banking is that of bank mergers and acquisitions (M&A's). The number of M&A's has increased almost every year since 2011, growing exponentially over the past few years. A staggering 4.6 percent of all banks exited the industry through mergers and acquisitions in 2018 alone.1
Following the trend of a strong 2019 for community banks, the FDIC is on track to accept the most bank license applications it has in years, allowing new startup banks to enter the fold in an ever-changing environment.
In June of 2019, the Independent Banker released their 40 under 40 list of Emerging Community Bank Leaders. This list created by the Independent Banker was generated by asking community bankers to nominate emerging leaders under the age of 40 in their bank and in their community.