Remove Capital Remove Community Remove Marketing Remove Michigan
article thumbnail

How Credit Unions Help SMBs Get Creative To Navigate Market Uncertainty

PYMNTS

Small businesses are turning toward their financial service providers now more than ever, not only for access to working capital and key products to run their business, but also for advisory services and guidance on how to navigate today's volatile market. Getting Creative. An Agile Business Model.

Marketing 165
article thumbnail

Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

With mortgage rates down in the US , many homebuyers are looking locally to their community banks to finance their new, potentially life-changing purchase. In the spirit of the go local movement, new data from Sageworks Bank Information peeked in on 10 cities to see which community banks were making an impact on local mortgage lending.

Cleveland 150
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

PayPal (Maybe) Pulls Ahead Of The SMB Lending Pack

PYMNTS

Plus, there is new evidence that the middle-market business community fared particularly well in the first quarter. percent drop in revenue among micro-enterprises dims the overall sentiment among SMBs, and presents a stark contrast to the mid-market’s performance for Q1. Beyond the U.S., percent during the first quarter.

Lending 168
article thumbnail

As Losses And Costs Rise, Alphabet Promotes Waymo’s Promise

PYMNTS

According to some observers, that increase might indicate that hiring costs for Waymo employees are increasing as the market for connected and self-driving automotive technology continues to grow. Though most testing takes place in California, those operations also are conducted in Arizona, Texas, Georgia, Michigan and Washington State.

article thumbnail

Retail Pulse: Walgreens To Test Drone Deliveries; Walmart To Relaunch Scoop

PYMNTS

This is the kind of omnichannel partnership and offering that can redefine convenience for our customers and communities – delivering items to homes in minutes, not hours or days.”. Christiansburg was chosen as the test market because Wing has been working with Virginia Tech in nearby Blacksburg to pilot the drone deliveries.

Retail 112
article thumbnail

Why No De Novo Banks? Math.

Jeff For Banks

I recall an Internet bank that was trying to get off of the ground in Michigan in the late 1990’s. The FDIC required the bank to raise $20 million in capital, a tidy sum back in the 1990’s when banks got started with less than half as much. Yet they are also requiring high levels of capital. In comes the math problem.

FDIC 60
article thumbnail

Banking's Total Return Top 5: 2015 Edition

Jeff For Banks

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. It's size today, at $2.4