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What's Going On In Banking 2023

Fighting the Headwinds, Riding the Tailwinds


Webinar Available Now

In case you missed it! Sign up to watch the What’s Going On In Banking 2023 webinar held on Wednesday, January 18th with Cornerstone Advisors' Ron Shevlin and Mary Wisniewski as they reveal key findings about the strategic, operational, and technology-related plans of 300 community banks and credit unions.


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Key Findings in the Report


Other key findings in the report, authored by Ron Shevlin, chief research officer at Cornerstone Advisors, include:

  • The interest rate environment was the most frequently cited top concern for banks and credit unions in 2023.
  • The percentage of executives concerned about cost of funds jumped to more than 43% for 2023, from just 8% last year.
  • Growing deposits will be a priority in 2023. Banks’ concerns over small business deposits soared to 72% from 41% in 2022. For credit unions, retail deposits topped the list, skyrocketing from 18% in 2022 to 70% in 2023.
  • Banks and credit unions remain seemingly indifferent to the revenue growth potential of real-time payments. Nearly 40% have not determined an RTP strategy.
  • Banks plan to invest nearly $4 million in fintech startups in 2023 (an increase of $1 million over 2022) while credit unions plan to invest just over $1 million (a slight decrease from 2022).

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Ron Shevlin

Chief Research Officer

Cornerstone Advisors

Mary Wisniewski_300x300

Mary Wisniewski


Cornerstone Advisors

Julie Thurlow - Headshot

Julie Thurlow

President & CEO

Reading Cooperative Bank

Curt Queyrouze - Headshot New

Curt Queyrouze


Coastal Community Bank

Webinar Available Now





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