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CRE Credit Risk – What You Need To Know Now

South State Correspondent

CRE Risk Background While ten years ago, community and regional banks use to make up some 55% of the CRE market, in 2023, these banks now compose approximately 72% (below). The risk here is that community banks continue to take on an above-average amount of CRE credit exposure. touched off a wave of bankruptcies.

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Steal This 5-Step Banking Innovation Playbook from Gentle Monster

South State Correspondent

With financial hardship, competition from dominant players, and a startup budget, Gentle Monster faced many of the same challenges as a community bank. How Banks Can Leverage: Niche markets abound in banking, and community banks are in the perfect position to create a following on a national level should they desire.

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Lenders Getting Ready for Second Round of PPP Funding

Abrigo

“All of the [lenders] are in a holding pattern, but it will be like rush hour in New York or Los Angeles. The one known change to the second round of funding is an earmarked $60 billion in PPP loans reserved specifically for community financial institutions. E-Tran might go through an overload period.” learn more.

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National Small Business Week Celebrates the American Entrepreneurial Spirit

Abrigo

The SBA offers the “three Cs” to help aspiring entrepreneurs start up and scale up by making counseling available, providing more choices and chances to secure capital, and by helping them seize market opportunities to commercialize their ideas.

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CFPB announces new appointments to advisory groups

CFPB Monitor

The CFPB has announced the appointment of new members to its Consumer Advisory Board, Community Bank Advisory Council, Credit Union Advisory Council, and Academic Research Council. Retail Bank, Citibank, New York, NY. Arjan Schutte, Founder and Managing Partner, Core Innovation Capital, Los Angeles, CA.

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Treasury Significantly Cuts Stake in Broadway Financial in Calif.

American Banker

The Treasury Department has significantly reduced its stake in Broadway Financial in Los Angeles.

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Pacific City in L.A. Raises $15.3M

American Banker

Pacific City Financial in Los Angeles has raised $15.3 million in a secondary stock offering.