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Small banks seek to get back to health

Small banks seek to get back to health

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Regional banks have been paying out more and more to entice depositors to stay. For many, this is still not enough.

After a poor third quarter, banks presented plans last week to try to recover. Profits fell by double digits from the previous year in several of them, including 44% in KeyCorp32% to Citizens’ Financial and 28% to Truist Financial.

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Eleon

With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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