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Bob O'Meara (Retired)

Vice President of Research

Bob O'Meara  has been monitoring changes in consumer attitudes and financial services behavior for more than 30 years. O’Meara is a frequent speaker at financial industry trade association conferences. Prior to joining Raddon, he worked in market research at a $7 billion Chicago financial institution.

Raddon Report author posts

Wednesday, February 8, 2017
Bob O'Meara (Retired)

The Federal Reserve’s decision to begin a more consistent upward movement in interest rates is likely to have a significant impact on the deposit portfolios of financial institutions. Back in March, we posted a piece about the accumulation of liquid deposit dollars at financial institutions nationwide. Figure 1 shows that consumers have added $5 trillion to checking, savings, and money market accounts since 2008. Raddon Research Insights asked consumers about these savings accumulations and what type of interest rates it will take to start the flow of funds out of these accounts.

Recap From the Spring Raddon Research Insights Workshops
Tuesday, August 30, 2016
Bob O'Meara (Retired)

This past May, Raddon held semiannual workshops for participants in its Raddon Research Insights program to discuss the most current research and the issues participants face in achieving their goals. This Raddon Report covers research highlights and related discussions regarding how the findings apply to various business models used by our clients.

Thursday, March 24, 2016
Bob O'Meara (Retired)

In 2016, financial institutions are facing new challenges regarding deposit acquisition and deposit retention – challenges they have not had to deal with for a number of years due to an artificially-imposed low-interest-rate environment. With interest rates on the rise, institutions are struggling to determine how much they need to pay to grow and keep deposits, as well as the impact new rate offers will have on funding costs.

Thursday, May 28, 2015
Bob O'Meara (Retired)

Now that refinance pipelines have dwindled and the economy is gaining steam, financial institutions must turn their focus to the home purchase market – and Gen Y –to achieve mortgage loan growth. First-time buyers will soon make up half all home purchases, with Gen Y leading the way.

Tuesday, May 6, 2014
Bob O'Meara (Retired)

Much has been written in this space and elsewhere about the new checking alternatives offered by online banks and firms, such as American Express.  These non-traditional providers tout a low-cost business model, which allows them to offer features and benefits that branch-laden competitors cannot afford to match.

Thursday, August 1, 2013
Bob O'Meara (Retired)

Raddon Financial Group has tracked the changes in consumer banking behavior for 30 years.  In those 30 years there has never been a service that has followed a steeper growth curve than mobile banking.  According to Raddon's spring 2013 national consumer research, mobile banking penetration has now reached 35%, up from 10% in 2011.