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Why a community bank in Missouri is investing in core banking startup Neocova

Bank Innovation

For Brice Luetkemeyer, president and CEO of Bank of St. Elizabeth, a Missouri-based community bank with $150 million in assets, investing in a core banking startup is critical for its future. Together with a group of other community banks, Bank of St.

Missouri 221
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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Almost half sought credit to grow their businesses, and 28% applied to make repairs or replace capital assets. While small business loans inherently benefit business owners, they also benefit communities, according to 2021 research for the SBA. Louis Fed : [S]mall-business loans—i.e., economic ecosystem. economic ecosystem.

Lending 244
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The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Almost half sought credit to grow their businesses, and 28% applied to make repairs or replace capital assets. While small business loans inherently benefit business owners, they also benefit communities, according to 2021 research for the SBA. Louis Fed : [S]mall-business loans—i.e., economic ecosystem. economic ecosystem.

Lending 195