South State Correspondent

JULY 7, 2015

Construction and Land Development loans (C&D loans) drove a substantial portion of the loan growth at community banks between 2000 and 2007, especially for banks under $2B in assets. In fact, C&D loans were one of the major causes of bank failures from 2009 to 2011.

Lending 150

Lending Community Bank Community 150

PYMNTS

MARCH 7, 2019

Burch is a fashion designer who started the foundation in 2009, with the goal of helping women entrepreneurs. “I That is why in 2009 we created the Tory Burch Foundation to support the empowerment of women entrepreneurs.”. “I was incredibly fortunate — we were able to launch after a personal investment and one round of fundraising.

America 158

America Capital Training Course 158

Independent Banker

OCTOBER 31, 2021

Offering the ability to open an account online can be one way to reach customers who are unable to join your community bank in person. A customer can make the decision to switch to a community bank or open their first bank account any time, any day, including outside business hours. billion-asset IncredibleBank in Wausau, Wis.

Idaho 134

Idaho Community Bank Community New Jersey 134

PYMNTS

NOVEMBER 18, 2019

Bank failures increased dramatically in the last financial crisis, rising from 25 in 2008 to 140 in 2009. Louisa Community Bank of Louisa, Kentucky also shuttered on Oct. Louisa Community Bank of Louisa, Kentucky also shuttered on Oct. As of June 30, Louisa Community Bank had approximately $29.7 million in total deposits.

Kentucky 140

Kentucky FDIC Ohio US 140

PYMNTS

MAY 28, 2020

In the May Digital-First Banking Tracker® , PYMNTS explores the latest in the world of digital-first banking, including the challenges facing deployment of APIs amid the COVID-19 pandemic, new online initiatives from nationwide FI chains and community banks and the security challenges that are plaguing digital banking programs.

Community Bank 176

Community Bank Community Security Digital Banking 176

Finer Points

JANUARY 22, 2015

bank holding companies have paid more than $150 billion in fines since 2009. Community Banks Too Big to Fail Washington' I read the other day that the six largest U.S.

Washington 100

Washington Community Bank Community Company 100

PYMNTS

AUGUST 4, 2020

The company, founded in 2009 by chief executive Rob Frohwen , ex-chairman Marc Gorlin and president Kathryn Petralia as a way to provide easy funding for small businesses, has aimed to provide amounts up to $250,000, along with underwriting and service loans. Kabbage had no comment. billion to 270,000 applicants.

Community Bank 162

Community Bank Analytics Community Fintech 162

PYMNTS

MARCH 23, 2020

We call upon the international community to surface with a renewed pledge to support the workers of Bangladesh, if not just the businesses.”. The effects of the downturn could rival – or even exceed – those of the housing crisis from 2007 to 2009, which brought about a recession. The economic shortfall could reach up to $1.5

Retail 134

Retail United States Policies Community 134

PYMNTS

JUNE 27, 2019

Imgur , the community-powered entertainment platform, has announced a $20 million investment from Coil , the San Francisco-based startup designed to help creators monetize content and provide a premium experience to consumers. Imgur began in 2009 as a gift to the internet. In other news, it was announced that the U.K.’s

ATM 115

ATM Bitcoin San Francisco cryptocurrency 115

PYMNTS

MARCH 9, 2020

’s latest numbers on the topic revealing the lowest level of underbanked individuals since the survey began in 2009. Consumers aren’t the only ones struggling to cope with the lack of a bank presence in their communities, forcing them to use expensive non-bank financial products like money transfer and check-cashing services.

Community Bank 188

Community Bank Community Innovation Regional 188

PYMNTS

FEBRUARY 20, 2020

“Technology is changing the nature of traditional finance; the non-bank sector has grown, and requires deeper understanding and coordination among the supervisory and regulatory community. It was launched following the financial crisis of 2007 to 2009 as an early warning system to avoid another “global market meltdown.”

cryptocurrency 194

cryptocurrency Meeting Conference Regional 194

Jeff For Banks

DECEMBER 7, 2016

On November 30th, American Banker named three Community Bankers of the Year. No, Kevin had an impact from the moment he joined the Board in 2009, first advocating for raising more capital, and negotiating the merger between Hope's predecessor, Center Bancorp and Nara Bancorp, another Korean-American focused bank.

Community 60

Community Security Strategy Capital 60

PYMNTS

APRIL 2, 2020

Treasury Department’s Troubled Asset Relief Program (TARP) during the Great Recession of 2007-2009. They’re already in the communities. In a virtual talk , “COVID-19 and the Economy,” Neel said policymakers must look to the past and “be less selective this time when deciding whom to help,” according to a report in CNBC.

Minneapolis 130

Minneapolis Maine Community US 130

PYMNTS

DECEMBER 8, 2019

Google is forming its own community and campus,” said Victor Rodriguez, associate director of analytics at CoStar Group Inc., From 2009-18, tech-sector job growth in NYC has grown almost four times as quickly as the city’s overall private job growth, according to Mr. a real-estate data firm. “It

New York City 131

New York City New York Google social media 131

Abrigo

AUGUST 20, 2021

Drug trafficking reached $320 billion in profits in 2009, including $85 billion in cocaine and $68 billion in opiates. trillion in 2009 or 3.6% Start with Part 1: Implications for Community Financial Institutions. Thousands die from overdoses alone; a statistic that does not consider mules, victims of trafficking, etc.

Training 195

Training Strategy Fraud National 195

PYMNTS

MARCH 18, 2020

They’re learning from past attacks to stay one step ahead, so it’s on the security community to do the same,” the cybersecurity firm said. RiskIQ was founded in 2009 by Brad Byrd, Chris Kiernan, David Pon and Elias Manousos. He said the company will “work closely with outside cybersecurity specialists to prevent further incursions.”.

San Francisco 140

San Francisco Groups Cards Security 140

PYMNTS

NOVEMBER 18, 2019

TPBank, in which the SBI Group has invested in 2009 and owns a 19.9 This integration represents a large opportunity for SingularityNET and our community,” founder and CEO Ben Goertzel wrote in a blog post. In other news, SBI Remit revealed it has completed the first blockchain-based money transfer service between Japan and Vietnam.

Bitcoin 117

Bitcoin cryptocurrency blockchain Groups 117

PYMNTS

MARCH 22, 2019

“We need a strong Consumer Financial Protection Bureau that cracks down on payday lenders … And we need postal banking so people in every community in America have easy and convenient access to basic banking products.”. Federal Deposit Insurance Corporation (FDIC) data shows that 6.5 percent of 129.3 million U.S.

FDIC 115

FDIC Survey Study ATM 115

Jeff For Banks

NOVEMBER 6, 2011

This has kept investment options for community financial institutions at historic lows. Community FIs are experiencing similar activity from their Main Street customers. From December 31, 2009 through June 30, 2011, deposits for all FDIC insured depositories increased 5.84%. Low loan demand further exasperates the challenge.

Community 65

Community New York FDIC Philadelphia 65

PYMNTS

AUGUST 26, 2016

Austin’s startup community has seen a big transformation over the years. Back in 2009 when eCommerce platform BigCommerce was getting its start, Austin wasn’t considered a place where working for a startup was common. There’s a positive feedback loop here that’s causing more and more startups to be created in or move to Austin.”.

Austin 100

Austin Fintech New York City Community 100

PYMNTS

FEBRUARY 27, 2020

Uber , Lyft , Fiverr , Airbnb , Postmates were the early names in the game, all founded between 2009 and 2011. At first, there were all kinds of things, and some of them were kind of silly — people who offered to sing ‘ Happy Birthday ’ for $5,” Fiverr’s Global Head of Community Brent Messenger told Karen Webster in an interview in 2017.

Community 236

Community Mobile Course Software 236

PYMNTS

MAY 9, 2017

Most people did not consider 2009 an ideal time to start any kind of small business — the credit markets had more or less squeezed shut, a staggering number of Americans found themselves on the unemployment rolls and the economy seemed like it might be on the brink of ruin. And that was a problem they could fix.

Innovation 100

Innovation social media Community New York 100

PYMNTS

JANUARY 19, 2018

Lore is known for founding Diapers.com, which he sold to Amazon in 2009. At the time, the retailer said it will leverage its stores and Shipt’s proprietary technology platform and community of shoppers to bring same-day delivery to Target customers around the country.

Millennials 128

Millennials Las Vegas New Jersey New York 128

PYMNTS

APRIL 9, 2019

This segment of the population is opting for summer classes and community service instead to bolster their resumes, per the report. percent seen in February, which reports called “the best since the recession ended in 2009.”. The restaurant space, in other words, has been able to attract workers who are teens from other verticals.

United States 109

United States Survey Community Report 109

Jeff For Banks

APRIL 4, 2010

Community banks tout themselves as better than national and regional banks because of how close they are to their communities. When the bank opened in 1905, Hallstead was already a thriving community. But the communities the Bank serves continue to be resilient.

Community Bank 60

Community Bank Pennsylvania National Community 60

PYMNTS

NOVEMBER 16, 2020

The firm, founded in 2009, bills itself as a value-based care platform offering services for more than 103,000 members through its network of 564 primary care physicians across 14 markets in Florida, Texas, Nevada and Puerto Rico. The $800 million cash infusion will allow the firm to continue its expansion into more geographies. “We

Puerto Rico 196

Puerto Rico Innovation Nevada United States 196

PYMNTS

MARCH 9, 2018

Lore is known for founding Diapers.com, which he sold to Amazon in 2009. At the time, the retailer said it would leverage its stores and Shipt’s proprietary technology platform and community of shoppers to bring same-day delivery to Target customers around the country.

Online 109

Online Community Strategy Capital 109

PYMNTS

MARCH 6, 2018

Vamos served as CEO of Microsoft Australia from 2003 to 2006, then as non-executive director of Telstra since 2009. “It’s I’m so proud of the Xero team, the community that’s formed around us, the positive impact we’ve had on our customers, and the shareholder value we’ve created.”. million subscribers.

Community 122

Community Strategy Innovation US 122

PYMNTS

MARCH 14, 2017

Founded in 2009, Singular’s custom flat rate payment processing and electronic bill presentment and payment (EBPP) platform enables merchants to streamline their invoicing and payment processes. In 2016, the company handled more than 2.5 million transactions worth over $440 million.

System 109

System Data Payments Community 109

Abrigo

FEBRUARY 17, 2015

Community banks (under $10 billion in assets) and regional banks (between $10 and $50 billion) represent 21 percent and nine percent, respectively. Regional banks had the most diversified portfolios, but community banks generally had higher concentrations in CRE and agriculture loans.

St. Louis 150

St. Louis Lending Community Bank Regional 150

PYMNTS

AUGUST 22, 2016

Physical banks reportedly hit their peak in 2009 and have declined 6 percent since then. ” said Gordon Smith, JPMorgan’s head of consumer and community banking. Which is a bit of a problem, since there are objectively fewer banks now than there were even five years ago. ” Digital banking in the U.S.

FDIC 100

FDIC ATM Community Bank Digital Banking 100

PYMNTS

SEPTEMBER 20, 2019

Launched in Paris in 2009, Vestiaire Collective has a community of more than 8 million members in 50 countries worldwide that list 40,000-plus new pieces every week. Online Luxury and the Importance of Authentication.

Online 118

Online Millennials Community Fraud 118

PYMNTS

APRIL 18, 2017

Retailers like Neiman Marcus are discovering that even high-end shoppers want a good deal, with sales of personal luxury goods falling for the first time since 2009. The company is “well-positioned to deal with both the secular and cyclical changes taking place in the luxury market,” said Neiman board member and Ares Co-Founder David Kaplan.

Retail 110

Retail Branding Maine Community 110

Independent Banker

MAY 25, 2016

estimates there will be 26 billion physical devices connected together by 2020, a nearly 30-fold increase from 900 million in 2009. It could provide valuable information about a community bank’s funding, revenues, profits, risks and opportunities in all sorts of new ways. The technology research think tank Gartner Inc.

Community Bank 70

Community Bank Community System Analysis 70

PYMNTS

FEBRUARY 24, 2017

Hatton started FundRazr in 2009, with a mission to use the power and popularity of social media to help non-profit community groups like athletic teams and school clubs raise money and collect dues. To download the February edition of the PYMNTS Payments Powering Platforms Tracker™ , click the button below.

social media 124

social media Report Community Groups 124

Abrigo

MARCH 6, 2015

The reports were positive: all 31 stressed banks “passed,” showing that they are stronger than they have been at any time since the tests began in 2009, the Fed reported. Community banks typically have less complex loan portfolios than larger institutions, so the actual capital calculation may not be as difficult.

Risk Management 150

Risk Management Capital Community Bank Regulation 150

PYMNTS

MARCH 18, 2016

A new report from Coface found that the issue has permeated China’s business community, too. The China Banking Regulatory Commission recently uncovered an increase in nonperforming corporate loans , hitting the highest level since 2009, reports said. “In

Payments 100

Payments Survey National Analysis 100