To all Presidents and Retail leaders,
We are now into the fourth month of our intense focus on Deposit Acquisition (DAQ). At least 80% of leadership is currently supporting the DAQ process. Unfortunately only 40% of branch employees and 33% lenders are engaged at an acceptable level. All of the engaged branches are growing their number of consumer checking accounts and most are seeing deposit growth in the 10-15% range. We are seeing substantial success with the engaged lenders/business development officers. In some cases these officers are bringing in millions!
Please remember to continue to attend our weekly DAQ meetings. Your support will insure 80% engagement in this process and 10% to 20% in deposit growth.
