Reimagining Legacy Business Models at Coastal Bank

Community banks and credit unions have taken deposits and made loans to consumers, small businesses and dreamers of all kinds for decades. Over the years, the business model for these institutions has remained virtually the same. But the marketplace has changed. Today, instead of being forced to choose the products that financial institutions offer, customers have come to demand the personalized products that they want from their bank or credit union. My guest on the FIsionaries podcast is Curt Queyrouze, President, Coastal Community Bank. We discuss how a $3.2 billion bank in Everett, Washington is rethinking the products and services offered and the delivery channels used to better serve customers, employees and shareholders.