South State Correspondent

JANUARY 4, 2023

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. Improving efficiency is like “losing weight” and “working out more.”

Community Bank 195

Community Bank Capital Lending Training 195

PYMNTS

FEBRUARY 10, 2020

Momentum is a powerful force, and it looks like there’s enough of it behind open banking to finally clear the paper jam from B2B payments, making way for faster more accurate digital operations. What we do with instant payments and APIs is offer 24/7 [access to bank] services.

Charlotte 148

Charlotte Fintech Examples Payments 148

Jeff For Banks

DECEMBER 10, 2023

Total return includes two components: capital appreciation and dividends. The bank was founded in 1907 and has operated continuously since 1908 with branches in Durham, Raleigh, Charlotte, Greensboro, and Winston-Salem. Well done and best of luck leveraging the ECIP capital for good! #2. OTCPK: MFBP) M&F Bancorp, Inc.

Fresno 101

Fresno North Carolina Raleigh FDIC 101

CB Insights

AUGUST 16, 2017

Last quarter, the US unicorn “birth rate” ticked up significantly as 9 new VC-backed companies reached $1B+ valuations (compared to only 3 companies in Q1’17), the highest quarterly total since the close of Q3’15, according to our Q2’17 Venture Capital Funding Report with PwC. Valuation: $1.4B. Valuation: $1.3B.

Meeting 68

Meeting US Capital North Carolina 68

CB Insights

AUGUST 14, 2017

This new unicorn cohort operates across industries, from fitness tech to cybersecurity to enterprise data management. Co-founder and CEO Michael Praeger has grown AvidXchange to nearly 900 employees from its headquarters in Charlotte, North Carolina, making it the state’s only unicorn. Valuation: $1.4B. Valuation: $1.3B.

US 28

US Capital North Carolina Data 28

Jeff For Banks

AUGUST 1, 2010

Of course there is some merit to growing to a certain size so adding another compliance officer or another branch doesn''t tank this year''s earnings. The table below, derived from averages of the last ten years of efficiency and net operating expense ratios, indicates there are advantages to being larger. But look carefully.

America 60

America Charlotte Strategy Lending 60