Independent Banker - June 2017 - 48

IB ADVERTORIAL SPOTLIGHTRTORIAL SPO
SPECIAL SECTION
Business. Innovation. Growth.
When Passion Meets Profitability
Optimizing your bank's greatest revenue potential
Challenge: How can bankers achieve higher annual revenue without cutting costs?
Solution: Specialized bank-wide profit-driven analysis
Lodestone Banking specializes in comprehensively analyzing
core banking systems, operations and business policies of
community, regional and Top 100 banks to identify and
implement areas of revenue enhancement. Lodestone acts
as bank profit consultants, sharing their knowledge on
finding lost recurring bank revenue while staying aligned
with regulation requirements.
Evaluating a client's operations holistically, results in clear,
cross-functional recommendations that generate measurable
results. Only Lodestone
improves annual
revenue without
cost cuts, fee increases
or branch closings.
Lodestone Banking's
extensive knowledge
of core banking
systems, operations,
commercial and retail
lending, compliance
regulations and marketplace
competition
enable them to find
revenue other consultants
cannot.
STEVE BOOKER, EVP OPERATIONS
AMERICAN NATIONAL BANK OF TEXAS
As a way to more
personally describe
the impact Lodestone
Banking has had on
banking, and how
they are uniquely poised in the marketplace, an exclusive
interview was conducted with Steve Booker, executive vice
president in the operations division of American National
Bank of Texas. Steve shared how Lodestone improved their
bank's annual revenue and why he values their perspectives
and partnership.
Why is Lodestone so different from other consulting
companies?
" Lodestone Banking brings something to the table that
is completely different than anything I have seen before.
Since the start of my career in 1985, this is the eighth
or ninth different consulting engagement that I have
personally experienced, including a time when I worked
with Anderson Consulting where they taught me all of their
profit improvement analysis. Lodestone Banking is much
different. They do their data analysis from the perspective of
every title at the bank-from the teller to the CEO. With this
type of unique and comprehensive insight, they are able to
spot issues that may never have been found. All the revenue
they find is achieved without cost cuts of any kind and
without fee increases.
" Lodestone basically said they were going to provide me
with recommendations that would equal $1.5 million in
additional revenue per billion in bank assets. Our initial
thought was that we could get about $3 million out of
it. They actually recommended $5-6 million in revenue
enhancements in the first year. Not all of this revenue
has been accepted and we are currently considering
implementation of a few more recommendations. "

Independent Banker - June 2017

Table of Contents for the Digital Edition of Independent Banker - June 2017

Table of Contents
Independent Banker - June 2017 - Intro
Independent Banker - June 2017 - Cover1
Independent Banker - June 2017 - Cover2
Independent Banker - June 2017 - Table of Contents
Independent Banker - June 2017 - 2
Independent Banker - June 2017 - 3
Independent Banker - June 2017 - 4
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Independent Banker - June 2017 - Cover3
Independent Banker - June 2017 - Cover4
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