Inflation constricts growth and liquidity in 2024 for banks and credit unions

According to New Wipfli Reports

Date:

Pixabay CC0 Public Domain

Author: Funds Society, Miami

Going into 2024, 78% of surveyed banks are still looking to buy, a drop from 91% during the same period last year

Overall, the banking industry's M&A fervor and growth projections have cooled, but banks in the $1B of assets range may look to grow through acquisition this year

Cybersecurity is foundational to building trust with customers, especially with digital banking services