So far this year has been, quite literally, unbelievable here at Teslar Software. So many great things have been happening and we’re excited to share just a few of those things with you today as we say goodbye to this third quarter of 2020.
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.