As chief corporate responsibility officer for Webster Bank, Marissa Weidner works across the bank’s footprints and business lines to help advance the bank’s goals of financial empowerment. On the latest episode of the ABA Banking Journal Podcast — <a href="https://info.alkami.com/l/778723/2024-08-12/3gt1bt" target="_blank" rel="noopener">sponsored by Alkami</a> — Weidner discusses the many dimensions of how this takes shape at the northeastern regional bank. Among other topics, she explores: <ul> <li>Webster’s focus on access to capital for small businesses, including those owned by minorities and women.</li> <li>How Webster designed its <a href= "https://www.aba.com/banking-topics/commercial-banking/small-business/special-purpose-credit-programs" target="_blank" rel="noopener">special-purpose credit program</a> focused on homeownership.</li> <li>Webster’s innovative “finance labs,” built in partnership with local schools and nonprofit partners, to provide hands-on financial experience for young people from low-to-moderate-income areas.</li> <li>The role of <a href= "https://www.aba.com/banking-topics/consumer-banking/inclusive-banking/bank-on" target="_blank" rel="noopener">Bank On accounts</a> in Webster’s financial inclusion strategy.</li> </ul> Weidner also discusses her career journey — including experience in economic development, bank human resources and bank merger integration — that led her to her current role. <a href= "https://info.alkami.com/l/778723/2024-08-12/3gt1bt" target= "_blank" rel="noopener">This episode is presented by Alkami</a>.

<description>&lt;p&gt;As chief corporate responsibility officer for Webster Bank, Marissa Weidner works across the bank’s footprints and business lines to help advance the bank’s goals of financial empowerment. On the latest episode of the ABA Banking Journal Podcast — &lt;a href="https://info.alkami.com/l/778723/2024-08-12/3gt1bt" target="_blank" rel="noopener"&gt;sponsored by Alkami&lt;/a&gt; — Weidner discusses the many dimensions of how this takes shape at the northeastern regional bank. Among other topics, she explores:&lt;/p&gt; &lt;ul&gt; &lt;li&gt;Webster’s focus on access to capital for small businesses, including those owned by minorities and women.&lt;/li&gt; &lt;li&gt;How Webster designed its &lt;a href= "https://www.aba.com/banking-topics/commercial-banking/small-business/special-purpose-credit-programs" target="_blank" rel="noopener"&gt;special-purpose credit program&lt;/a&gt; focused on homeownership.&lt;/li&gt; &lt;li&gt;Webster’s innovative “finance labs,” built in partnership with local schools and nonprofit partners, to provide hands-on financial experience for young people from low-to-moderate-income areas.&lt;/li&gt; &lt;li&gt;The role of &lt;a href= "https://www.aba.com/banking-topics/consumer-banking/inclusive-banking/bank-on" target="_blank" rel="noopener"&gt;Bank On accounts&lt;/a&gt; in Webster’s financial inclusion strategy.&lt;/li&gt; &lt;/ul&gt; &lt;p&gt;Weidner also discusses her career journey — including experience in economic development, bank human resources and bank merger integration — that led her to her current role.&lt;/p&gt; &lt;p&gt;&lt;strong&gt;&lt;a href= "https://info.alkami.com/l/778723/2024-08-12/3gt1bt" target= "_blank" rel="noopener"&gt;This episode is presented by Alkami&lt;/a&gt;.&lt;/strong&gt;&lt;/p&gt;</description>

As chief corporate responsibility officer for Webster Bank, Marissa Weidner works across the bank’s footprints and business lines to help advance the bank’s goals of financial empowerment. On the latest episode of the ABA Banking Journal Podcast...

‘At the end of the day, it’s all about financial empowerment’

Fraud is front and center for America’s banks, and on the latest episode of the ABA Banking Journal Podcast — <a href= "https://info.alkami.com/l/778723/2024-08-12/3gt1bt" target= "_blank" rel="noopener">sponsored by Alkami</a> — ABA’s Paul Benda and Peter Cook discuss several recent initiatives taken by ABA to help banks tackle fraud from a variety of fronts. <ul> <li>Benda discusses ABA’s recently expanded <a href= "https://www.aba.com/banking-topics/risk-management/fraud/check-fraud" target="_blank" rel="noopener">Fraud Contact Directory</a>, which is free to all banks and now encompasses other forms of fraud to facilitate prompt claims.</li> <li>He also explores new tools banks are using to tackle rising fraud numbers.</li> <li>Meanwhile, Cook discusses the latest incarnation of ABA’s award-winning <a href= "https://www.aba.com/advocacy/community-programs/banksneveraskthat" target="_blank" rel= "noopener">#BanksNeverAskThat</a> anti-phishing campaign — returning for a fourth year in October and also free to all banks — and previews a new companion initiative, <a href= "https://www.aba.com/news-research/analysis-guides/check-fraud-anti-phishing-preview" target="_blank" rel="noopener">Practice Safe Checks</a>, that educates consumers about how to avoid becoming unwitting victims of check fraud.</li> </ul>

<description>&lt;p&gt;Fraud is front and center for America’s banks, and on the latest episode of the ABA Banking Journal Podcast — &lt;a href= "https://info.alkami.com/l/778723/2024-08-12/3gt1bt" target= "_blank" rel="noopener"&gt;sponsored by Alkami&lt;/a&gt; — ABA’s Paul Benda and Peter Cook discuss several recent initiatives taken by ABA to help banks tackle fraud from a variety of fronts.&lt;/p&gt; &lt;ul&gt; &lt;li&gt;Benda discusses ABA’s recently expanded &lt;a href= "https://www.aba.com/banking-topics/risk-management/fraud/check-fraud" target="_blank" rel="noopener"&gt;Fraud Contact Directory&lt;/a&gt;, which is free to all banks and now encompasses other forms of fraud to facilitate prompt claims.&lt;/li&gt; &lt;li&gt;He also explores new tools banks are using to tackle rising fraud numbers.&lt;/li&gt; &lt;li&gt;Meanwhile, Cook discusses the latest incarnation of ABA’s award-winning &lt;a href= "https://www.aba.com/advocacy/community-programs/banksneveraskthat" target="_blank" rel= "noopener"&gt;#BanksNeverAskThat&lt;/a&gt; anti-phishing campaign — returning for a fourth year in October and also free to all banks — and previews a new companion initiative, &lt;a href= "https://www.aba.com/news-research/analysis-guides/check-fraud-anti-phishing-preview" target="_blank" rel="noopener"&gt;Practice Safe Checks&lt;/a&gt;, that educates consumers about how to avoid becoming unwitting victims of check fraud.&lt;/li&gt; &lt;/ul&gt;</description>

Fraud is front and center for America’s banks, and on the latest episode of the ABA Banking Journal Podcast —  — ABA’s Paul Benda and Peter Cook discuss several recent initiatives taken by ABA to help banks tackle fraud from a...

More tools to tackle check fraud

Earlier this week, VersaBank <a href= "https://www.versabank.com/releases/?VERSABANK-CLOSES-US-BANK-ACQUISITION:-FORMALLY-LAUNCHES-INNOVATIVE-DIGITAL-FUNDING-SOLUTION-TO-UNDERSERVED-MULTI-TRILLION-DOLLAR-US-MARKET-id-122672" target="_blank" rel="noopener">closed</a> on its purchase of Stearns Bank Holdingford N.A., giving the Canadian point-of-sale lender a point of entry into the U.S. market. On the season eight premiere of the ABA Banking Journal Podcast — <a href= "https://info.alkami.com/l/778723/2024-08-12/3gt1bt" target= "_blank" rel="noopener">sponsored by Alkami</a> — VersaBank founder and CEO David Taylor discusses the bank’s growth plans in the United States. Taylor also explores his career history in banking, the story of VersaBank as the first new bank to receive a license in Canada in 18 years, how the bank developed a deposit broker network in Canada, VersaBank’s point-of-sale lending strategy (and how it can acquire loans without any equity from the finance company), and VersaBank’s talent and culture. <a href= "https://info.alkami.com/l/778723/2024-08-12/3gt1bt" target= "_blank" rel="noopener">This episode is presented by Alkami</a>.

<description>&lt;p&gt;Earlier this week, VersaBank &lt;a href= "https://www.versabank.com/releases/?VERSABANK-CLOSES-US-BANK-ACQUISITION:-FORMALLY-LAUNCHES-INNOVATIVE-DIGITAL-FUNDING-SOLUTION-TO-UNDERSERVED-MULTI-TRILLION-DOLLAR-US-MARKET-id-122672" target="_blank" rel="noopener"&gt;closed&lt;/a&gt; on its purchase of Stearns Bank Holdingford N.A., giving the Canadian point-of-sale lender a point of entry into the U.S. market. On the season eight premiere of the ABA Banking Journal Podcast — &lt;a href= "https://info.alkami.com/l/778723/2024-08-12/3gt1bt" target= "_blank" rel="noopener"&gt;sponsored by Alkami&lt;/a&gt; — VersaBank founder and CEO David Taylor discusses the bank’s growth plans in the United States.&lt;/p&gt; &lt;p&gt;Taylor also explores his career history in banking, the story of VersaBank as the first new bank to receive a license in Canada in 18 years, how the bank developed a deposit broker network in Canada, VersaBank’s point-of-sale lending strategy (and how it can acquire loans without any equity from the finance company), and VersaBank’s talent and culture.&lt;/p&gt; &lt;p&gt;&lt;strong&gt;&lt;a href= "https://info.alkami.com/l/778723/2024-08-12/3gt1bt" target= "_blank" rel="noopener"&gt;This episode is presented by Alkami&lt;/a&gt;.&lt;/strong&gt;&lt;/p&gt;</description>

Earlier this week, VersaBank  on its purchase of Stearns Bank Holdingford N.A., giving the Canadian point-of-sale lender a point of entry into the U.S. market. On the season eight premiere of the ABA Banking Journal Podcast...

A Canadian bank’s versatile business model

Consumers everywhere see and hear credit union marketing campaigns, from <a href= "https://youtu.be/sfrhjxkiVTY?si=Nv1u0DAtfgv26V2O&t=54" target= "_blank" rel="noopener">PenFed’s ubiquitous jingle</a> to big stadium and Super Bowl sponsorship deals. In fact, according to a <a href= "https://bankingjournal.aba.com/2024/07/are-credit-unions-overspending-on-marketing/"> new ABA DataBank post</a> from ABA’s Dan Brown and Robert Flock, credit unions spend more than double what comparable banks do on marketing as a percentage of net income. But why do credit unions, which serve members from defined fields of membership, spend so much? On the ABA Banking Journal Podcast, Brown and Flock break down the legislative and regulatory history of fields of membership and how the average credit union has more than doubled its “potential membership” since new rules were finalized in 2015, using their taxpayer subsidy to fuel growth via marketing rather than lower rates and costs for their members.

<description>&lt;p&gt;Consumers everywhere see and hear credit union marketing campaigns, from &lt;a href= "https://youtu.be/sfrhjxkiVTY?si=Nv1u0DAtfgv26V2O&amp;t=54" target= "_blank" rel="noopener"&gt;PenFed’s ubiquitous jingle&lt;/a&gt; to big stadium and Super Bowl sponsorship deals. In fact, according to a &lt;a href= "https://bankingjournal.aba.com/2024/07/are-credit-unions-overspending-on-marketing/"&gt; new ABA DataBank post&lt;/a&gt; from ABA’s Dan Brown and Robert Flock, credit unions spend more than double what comparable banks do on marketing as a percentage of net income.&lt;/p&gt; &lt;p&gt;But why do credit unions, which serve members from defined fields of membership, spend so much? On the ABA Banking Journal Podcast, Brown and Flock break down the legislative and regulatory history of fields of membership and how the average credit union has more than doubled its “potential membership” since new rules were finalized in 2015, using their taxpayer subsidy to fuel growth via marketing rather than lower rates and costs for their members.&lt;/p&gt;</description>

Consumers everywhere see and hear credit union marketing campaigns, from  to big stadium and Super Bowl sponsorship deals. In fact, according to a  from ABA’s Dan Brown and Robert Flock, credit unions spend more than double what comparable...

Are credit unions overspending on marketing?

At the midpoint of the year, what’s the M&A outlook like for community banks? On the latest episode of the ABA Banking Journal Podcast, ABA Banking Journal Contributing Editor Paul Davis discusses what he’s seeing with mergers and acquisitions and what to expect for the remainder of 2024. Davis, the founder of <a href= "https://www.thebankslate.com/" target="_blank" rel="noopener">the Bank Slate</a> newsletter, also discusses what he’s hearing from banks about succession planning and talent and talks about budget forecasting, an area the <a href= "https://www.surveymonkey.com/r/PNDFSJC" target="_blank" rel= "noopener">Bank Slate is surveying bankers on</a> for 2025.

<description>&lt;p&gt;At the midpoint of the year, what’s the M&amp;A outlook like for community banks? On the latest episode of the ABA Banking Journal Podcast, ABA Banking Journal Contributing Editor Paul Davis discusses what he’s seeing with mergers and acquisitions and what to expect for the remainder of 2024.&lt;/p&gt; &lt;p&gt;Davis, the founder of &lt;a href= "https://www.thebankslate.com/" target="_blank" rel="noopener"&gt;the Bank Slate&lt;/a&gt; newsletter, also discusses what he’s hearing from banks about succession planning and talent and talks about budget forecasting, an area the &lt;a href= "https://www.surveymonkey.com/r/PNDFSJC" target="_blank" rel= "noopener"&gt;Bank Slate is surveying bankers on&lt;/a&gt; for 2025.&lt;/p&gt;</description>

At the midpoint of the year, what’s the M&A outlook like for community banks? On the latest episode of the ABA Banking Journal Podcast, ABA Banking Journal Contributing Editor Paul Davis discusses what he’s seeing with mergers and acquisitions...

M&A outlook with Paul Davis

Bank executive insights, unique business strategies, regulatory updates from D.C., and fun banking stories—all this and more on the ABA Banking Journal Podcast, brought to you weekly by the American Bankers Association's award-winning podcast team.

ABA Banking Journal Podcast

Details

Recent Episodes