Independent Banker

AUGUST 31, 2021

This year’s winners: Left: Central Valley Community Bank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional Community Bank Service Award; Right: Cross River Bank, Emerging Service Program Award. Exceptional Community Bank Service Award. Last year was earth-shattering in many ways. Kennebec Savings Bank.

Community Bank 196

Community Bank Community National Fresno 196

Gonzobanker

DECEMBER 22, 2020

This Year was brought to you by the number 2020 and the letters W, T and F” – Big Bird (more or less). And how did community banks and credit unions respond to the COVID craziness? Our clients showed banking at its best – obsessed with customer well-being, good corporate citizenship, and strong community focus.

Idaho 172

Idaho Community Industry Strategy 172

Abrigo

MAY 22, 2024

Recent stats and dynamics of the small business lending market Understanding the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. Dynamic market Small business lending by banks & credit unions Small businesses are a pillar of the U.S. trillion between 2019 and 2022.

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Lending St. Louis Community Marketing 195

Independent Banker

APRIL 30, 2022

Independent Banker’s annual listing top-performing community banks of 2021 alongside interviews with some of the winners. In true community bank fashion, each has its own story to tell and its own path to success. In true community bank fashion, each has its own story to tell and its own path to success. Philadelphia.

Community Bank 172

Community Bank Community Montana Taxes 172

Abrigo

APRIL 22, 2024

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. Dynamic market Small business lending by banks & credit unions Small businesses are a pillar of the U.S. trillion between 2019 and 2022.

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Lending St. Louis Community Marketing 243

Independent Banker

NOVEMBER 30, 2022

Community Financial Services Bank, Benton, Ky.; In our annual workplace survey, employees of ICBA’s best community banks to work for told us they benefit from engaging cultures, opportunities for advancement and innovative benefits. office opened in 2020. Clockwise from top left: Grand Ridge National Bank, Wheaton, Ill.;

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Community Bank Community Montana Leadership 169

South State Correspondent

SEPTEMBER 25, 2023

On September 20, 2023, the Federal Open Market Committee (FOMC) left its benchmark rate unchanged, but it would be a mistake to conclude that the committee did not send a strong message about the projected path of future interest rates. The cost of funds for community banks and non-community banks is shown in the graph below.

Community Bank 195

Community Bank Community Industry Marketing 195

Abrigo

FEBRUARY 14, 2024

You might also like this podcast, "How to sleep easier at night about your capital and risk levels." LISTEN Takeaway 1 Effective CRE risk management involves adapting to changing market fundamentals to avoid excessive loan losses. The tightening of CRE credit could potentially impact liquidity within the CRE market.

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Risk Management Management Lending Capital 195

SWBC's LenderHub

NOVEMBER 16, 2020

Last Week: Vaccine hopes (production and distribution aside) have many market participants looking past the projected nightmare that many in the medical and scientific community say is coming in late November. Wishful thinking? Maybe, but so far it’s been working out!

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Marketing Community Meeting Capital 78

Independent Banker

AUGUST 31, 2022

So how do social payments fit in community banks’ long-term future? In fact, a 2020 NerdWallet survey found that 68% of consumers have maintained a balance in their mobile payment app, and on average, those who use them have allowed up to $287 to accrue before they transfer it to their bank. The community bank opportunity.

Capital 94

Capital Payments social media Community Bank 94

PYMNTS

JANUARY 6, 2020

Community banks are pushing for a stronger role with their small business (SMB) customers. However, through an embrace of FinTech collaboration and industry consolidation, community banks appear poised to further dispel assumptions of a lack of digitization. has dropped from 8,000 in 2004 to about 5,400 in 2018. Strengthening SMB Ties.

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Community Bank Community Payments Fintech 123

Independent Banker

DECEMBER 31, 2021

If 2020 was the year no one expected, 2021 was a year of resetting expectations. Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. Click to enlarge.

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Community Bank Community Lending Louisiana 144

PYMNTS

MAY 22, 2020

Bad news hit the startup community this week as new analysis from CBInsights revealed a significant decline in venture capital (VC) funding in the first quarter of 2020. Asia Capital & Advisors led the round, reports said, while Global eTrade Services and Curzon Investments also participated. Apollo Agriculture.

Capital 141

Capital Analytics Fintech Report 141

PYMNTS

JANUARY 24, 2020

While businesses have more sources of capital than ever before, from bank loans to initial coin offerings to alternative online investments, experts are urging small to medium-sized businesses (SMBs) to take a strategic approach to their fundraising efforts — often by combining a variety of funding sources to mitigate risk. Flutterwave.

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Fintech Capital San Francisco Georgia 198

Jeff For Banks

FEBRUARY 12, 2024

Perry's perspective is clearly focused on shareholder value and may be viewed as shareholder primacy, a sometimes derogatory term because pursuing shareholder value could be done at the expense of other stakeholders, such as employees, customers, and communities. Raised capital in late 2019. 14/25 Capital priorities for banks: 1.

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Columbus Indianapolis Capital Community Bank 106

Independent Banker

JANUARY 31, 2022

These community banks are working to fix that through microlending programs. One of the harsh realities revealed by the flood of Paycheck Protection Program (PPP) money distributed in 2020 and 2021 is that many businesses and entrepreneurs in need of small-balance loans fell through the cracks. By Beth Mattson-Teig. in Toms River, N.J.

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Lending Community Community Bank Compliance 150

PYMNTS

JANUARY 1, 2021

The pandemic-induced challenges have also been taxing for community financial institutions (FIs) and credit unions (CUs), as many were not designed to operate remotely. Credit Union. The past year has been one of the most trying in recent memory for lenders as well as consumers. Preventing Financial Crimes.

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Trends Video Retail Payments 259

Gonzobanker

JULY 10, 2020

Regardless of their viewpoints on capital recovery, now is the time for banking leaders to reevaluate their planning strategies. In a recent Fortune survey, 55% of corporate executives said they expect to return to 2019 capital spending levels sometime in 2021. What businesses need capital in the interim?

Risk Management 88

Risk Management Capital Strategy social media 88

South State Correspondent

APRIL 6, 2022

That could be a mistake as the environment has been radically different since 2020, and many banks are mispricing their commercial loans and relationships. Change 1: Cost of Capital and Capital Allocation. Back in 2020, banks’ capital cost was at a record low as it averaged a little under 6% for the industry.

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Capital Training Management Atlanta 195

Independent Banker

APRIL 30, 2022

Here’s how community bankers can take advantage of various sectors—including SBA lending—over the next 12 months. Community banks that have struggled to grow their commercial loan portfolios over the past two years are optimistic that there are brighter days ahead this year and next. billion asset community bank. Quick Stat.

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Lending Community St. Louis Community Bank 158

PYMNTS

SEPTEMBER 22, 2020

“Colleges and universities, in particular, need a way to build and foster a sense of community, whether their students are away from campus remote learning or on campus practicing hybrid learning,” said IRL’s Founder and CEO Abraham Shafi in a statement. This new funding will allow us to.

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San Francisco social media California New York 225

Jeff For Banks

DECEMBER 29, 2020

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. Total return includes two components: capital appreciation and dividends. First Capital, Inc.

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North Carolina Capital Community Bank Wisconsin 147

PYMNTS

FEBRUARY 12, 2019

million from investors MIT Media Lab, Barclays, the Mastercard Foundation, Ripple, Techstars, Mahindra Finance, 2020 Ventures, and 8 Decimal Capital. This investment will allow us to build out our team and focus on community engagement marketing efforts.”. Remittance company SendFriend announced that it has raised $1.7

New Jersey 183

New Jersey Capital Community Strategy 183

Abrigo

NOVEMBER 29, 2021

Takeaway 3 Community banks have seen less volatility in noninterest income, and many are still eyeing growth across the category. Noninterest income associated with the housing markets such as securitization, trading, and real estate slowed significantly during the financial crisis and beyond. Community banks target growth.

Community Bank 195

Community Bank Community FDIC Trends 195

PYMNTS

DECEMBER 30, 2020

With trade shows canceled and enterprise digitization accelerated, 2020 was a big year for the adoption of B2B eCommerce. The B2B eCommerce space saw some of the biggest investments of the year for B2B FinTechs, a testament to investors' confidence in the evolution of the market. The Rise of the Marketplace. billion. "One

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Online Meeting Payments Fintech 302

Lex Sokolin

OCTOBER 21, 2020

Our communities and networks have become increasingly digital. That means that our physical communities are also our digital communities. People are not buying some abstract reductionist notion of “products”, they are economically participating in communities with counterparties native to those communities.

Community 52

Community Video blockchain Maine 52

South State Correspondent

JANUARY 30, 2024

Marketing and technology (IT) are two budgets that have taken the most significant hit. IT is spending as a percentage of revenue compared to years past, like 2019, when banks did not invest enough in IT, and 2020, when banks had to spend more than revenue growth allowed because of the pandemic.

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Capital Operations Customer Experience Comparison 195

Jeff For Banks

AUGUST 2, 2021

However, it had a great group of employees and was in a market that I knew very well. The result was that our non-staff expenses have gone from 2012 levels of $2.4MM to 2020 at $2.7MM. million in 2020. This was the start of one fun journey that continues today. million in loans in the two locations. million in assets and $233.7

Community Bank 78

Community Bank Community Minnesota Metro 78

PYMNTS

DECEMBER 16, 2019

I’ve connected a few of the dots from over the last decade that I believe will shape how the world will evolve in the 2020s, as well as the role of payments in driving that change. 2020 Trendline One: Rapid Acceleration Of Cash To Digital Payments. That’s true even in developed markets like the U.S.,

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Payments Innovation Cards Google 180

PYMNTS

FEBRUARY 28, 2020

With more than $1 billion raised — and more to come — this week became the most lucrative for B2B FinTech venture capital funding. said the company saw BHL Holdings lead the second Series A funding round, while Nire Capital and existing backers Concentric, Seedcamp and Beazley also participated. Reports in Verdict.co.uk

Fintech 175

Fintech Capital Lending Report 175

Independent Banker

DECEMBER 1, 2021

The idea that community banking can be a force for positive change is at the heart of Beneficial State Bank, which engages its customers through financial activism. billion-asset community bank in Oakland, Calif., When it comes down to it, though, the community bank’s mission is radically simple. Photo: Ashley Courter.

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Oakland Community Community Bank Leadership 153

PopularBank

OCTOBER 28, 2020

SAN JUAN, Puerto Rico – October 28, 2020 – Popular, Inc. Popular is committed to meeting the needs of our customers and communities, guided by our 127-year legacy. This realignment in our New York Metro market is consistent with our small business and retail services model in South Florida,” said Popular, Inc.

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Puerto Rico New York Metro Community 52

PYMNTS

AUGUST 31, 2020

PYMNTS’ August 2020 Credit Union Tracker® , done in collaboration with PSCU , examines the microbusiness landscape as the fog of COVID-19 begins to lift and new needs are clarified. Leaning Into Community-First Lending. microbusinesses as well. Credit unions (CUs) have been especially invested in helping microbusinesses — 40.8

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Community Lending Community Bank Innovation 152

PYMNTS

JANUARY 28, 2020

Temasek led the funding round, with Bpifrance, Eurazeo, General Atlantic, Piton Capital and Kismet Holdings also participating in this latest funding cycle. The company increased its market value by half in 2019, obtaining a gross merchandise value of $666 million. ManoMano previously raised $125 million in April of last year.

Online 130

Online Security Community Marketing 130

Jeff For Banks

DECEMBER 10, 2023

The first bank to crack the Top 5 over $50 billion did so in 2020. I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance more than those that make those investments. OFG Bancorp (NYSE: OFG) #4.

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Fresno North Carolina Raleigh FDIC 101

PYMNTS

DECEMBER 24, 2020

At the dawn of 2020, commercial cards made up only a fraction of overall B2B payments volume, even as corporates continued their slow-but-sure payments digitization efforts away from the paper check. For buyers, of course, there is the added capital float and opportunity to enhance spend visibility and control. A Recharted Future.

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Course Cards Capital Payments 202

PYMNTS

JUNE 22, 2020

million in venture capital in a round led by Inflection Point Ventures. India-based Inflection was joined in the funding round by existing investors Blume Ventures, Kalaari Capital, Mayfield India, Unilever Ventures and BeeNext, according to Live Mint. Online grocery delivery service Milkbasket has landed $5.5

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Capital Operations Community Meeting 130