Commercial lending has been a staple for most community banks but is it possible to make lending more profitable for the bank? Are most commercial loans priced too cheaply for small loans and too high for larger loans? The answer to both of these questions is “yes”. Bank’s lenders need to know which customers are […]
As consolidation continues in the banking industry many banks rely on new products and services to compete with the larger regional banks acquiring the smaller ones. Strunk has helped community banks increase income since 1993 and there are several programs that can help increase income in 2026 and beyond. Strunk is well known for their […]
Strunk’s Overdraft Privilege program has been around for over 30 years and many banks still take advantage of the strategy that turned out to be one of the best fee income programs in our industry’s history. Other financial institutions decided to go back to the old “ad hoc” program. Now is the time to rethink […]
The average bank in the United States does business with nearly 100 vendors ranging from core processors to companies who mow the lawn or shovel the snow. Building relationships with vendors is key to running a successful institution. But, managing the vendor due diligence process can be a hassle and time consuming but it doesn’t […]
When I started in banking in 1984 there were 625 banks chartered in the state of Kansas and today there are less than 200. The same thing is happening in every state, but of course that is over a 40 year time period. What will happen in the next decade as very few new charters […]
Managing the vendors that a bank does business with can sometimes seem like it is a hassle and many times that task is outsourced to a third party. Why waste the money? It doesn’t have to be that way. Regulators have moved the needle to ensure banks understand the risks of each vendor they do […]
The risk assessment process for community banks can time consuming and daunting but it doesn’t have to be that way. When Strunk demoed their Risk Assessment tool to regulators in Washington DC they said “community financial institutions struggle doing risk assessments and your program will help them with the necessary process”. Whether your senior lender […]
Strunk has been working with community banks for the past 40 years with a variety of fee income and risk management tools. All of the services we provide are time tested and market proven to help with your bottom line. Now is the time to consider making more money! When Strunk introduced their ODP program […]
Recently the CFPB backed off guidance for overdraft payment programs and now is the time to consider revitalizing your bank’s overdraft payment services. While the regulators scared off some banks from offering a formal overdraft program, many banks and consumers have benefited from them for over 30 years. Consumers create overdrafts…banks do not. Banks are […]
Strunk’s Secure checking strategy has been around since 2011 and it will enhance customer loyalty while increasing fee income at the same time. Notably, the banking industry has lost nearly $20B in service charge income over the past 15 years and it has affected banks across the country regardless of size. Free Checking was offered […]
An independent certified public accountant has examined Strunk’s operations and found them to be in compliance with the AICPA’s Trust Service Principles. It was determined that Strunk meets the Security, Availability, Processing Integrity, Confidentiality, and Privacy criteria for SOC 2 established by the AICPA.
