Developing an Effective Retail
Deposit Pricing Process Workshop
In an increasingly competitive market, the job of raising retail funds at acceptable costs has become a #1 priority of management. Ideas are discussed for CD specials and segmenting other deposit accounts. However, many questions remain on their impact, effective implementation, and barriers to execution. We can help!
Attend these consulting workshops and work with the experts in crafting a cost-effective pricing strategy to manage your cost of raising retail deposits and combating the current yield curve pressure.
Here’s what others are saying about our workshops:
"Highly recommended! FARIN workshops have contributed significantly to our strategic and tactical planning. Every institution needs to think 'outside-the-box' and their workshops help us do this."
Ed Norris, Chairman/President/CEO
Plantation Federal Bank, Pawleys Island, South Carolina
Assets: $315 million
"Tom Farin & his staff not only offered a quality program at their Key West workshop but exceeded my expectation for information and ideas for me to take home to my Association to implement. In addition, the networking opportunities and thought-provoking challenges among all attendees enhance the program and take-away value!"
John Malanowski, VP and Secretary
First Federal Savings of Lorain, Lorain, OH
Assets: $394 million
Learning Objectives
This session is designed to teach those in charge of deposit pricing and acquisition a more effective method for determining the most profitable and appropriate strategies for meeting their institution’s funding needs.
Program Content
Throughout the course, participants will be directed through a series of activities and educational concepts that result in a full pricing audit of their institution’s deposit offerings, complete with competitive survey data and market share information. This information is combined with business plan data to determine appropriate deposit strategies to meet institutions’ goals while managing their cost of funds.
As a pre-session assignment, attendees complete a pricing audit workbook to gather the necessary information for each deposit sector. This data is the foundation for assessing various options. Workshop participants will leave with a complete review of their institution’s entire deposit/funding strategy including a competitive analysis of survey data, suggested pricing rules, and strategies for new or reconfigured product offerings.
Program Prerequisites: This program is designed for ALCO teams, pricing committees, retail deposit managers and senior management teams.
Program Level: Intermediate.
Advanced Preparation: To get the most out of the workshop, we recommend that your management team spend time together in preparation. You will need to complete the pre-session assignments as well as discuss with the team your current business objectives, capacity for prudent growth, current loan and deposit pricing philosophy, and more. Upon receipt of your registration, we will send you a list of discussion items that will guide you through the preparation.
Cost, Dates & Registration Information
Location: Held in the FARIN Offices - Madison, Wisconsin.
Registration Fee: $4,500
Note that this is an INSTITUTION FEE, and includes registration for up to 3 persons. Additional attendees are $750 each. Registration is limited to provide attendees an interactive and focused session. REGISTER NOW!
Attendees will be responsible for the cost of transportation and hotel accommodations. Your registration confirmation will have more details.
Upcoming Dates
To Register: Follow the link next to the desired date.
Space is Limited to four Institutions Per Event!!
Instructional Method of Delivery
Combination of instructor led lecture, with significant break-out time for hands-on application to real data.
CPE Credits
Earn up to 14 Continuing Professional Education (CPE) Credits.
Refunds
If cancellation occurs before 7 days from the start of the workshop a 50% cancellation fee will occur. If cancellation occurs within 7 days of the workshop, no refund will be given. Circumstances of cancellation will be considered.
For more information regarding refunds, complaints, and program cancellation policies, or any other matters, please contact Jackie Myers at 800.236.3724 or registration@farin.com.
Farin & Associates is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Web Site: www.nasba.org
For more information regarding refunds, complaint, and program cancellation policies, or any other matters, please contact our Education and Marketing Department at 800-236-3724 ext. 4208 or marketing@farin.com.