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Off The Continent And Into Puerto Rico For Online SMB Lending

PYMNTS

For small businesses, expansion is key, and expansion needs capital. In a partnership formed recently with Puerto Rico’s Oriental Bank, Biz2Credit said late last month that it has begun offering its digital lending platform to the bank’s commercial clients. 500,000 in the United States, with terms of three to five years.

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Stuck in the middle: Addressing the gap in senior housing with financial solutions.

PopularBank

And as soon-to-be retirees explore housing options in Florida, Arizona, the Carolinas and other popular retirement states, a higher cost of living and a shortage of middle-market senior housing are raising concerns for those ready to embark on a fixed income lifestyle. Consider strategic acquisition. We’re here to help.

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Community Banks Aim To Amplify Competitive Edge With FinTechs

PYMNTS

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

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Why Banks Merge: Listen to the Sellers

Jeff For Banks

will provide greater capital resources and operational scale that will allow us to grow as part of a larger community bank." - Loralee Hutchinson, President of Alarion Financial Services, Inc. of Ocala, Florida on the bank''s sale to Heritage Financial Group, Inc. "Our combination.

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The Tale of the Digital Banks

Gonzobanker

Capital One* 29,565,607 54,374,989 24,809,382. Capital One figures are for Capital One USA direct bank and not the regional bank components. EverBank figures include acquisition of Bank of Florida deposits of $1.5 Mid-size and regional banks have also grown deposits solidly, as has the credit union industry.

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Eyes Facing Forward

Independent Banker

Joining him in presenting the workshop will be Chris Nichols, chief strategy officer at CenterState Bank of Florida, a $3.9 Fortunately, community banks have a certain leg up by secured lending that is collateralized, a package of credit that takes time to assemble but provides much lower credit costs for customers. Monday, March 7.

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Bank-FinTech Collaboration Tackles SMB Finance Friction

PYMNTS

This week's look at the most recent initiatives in partnerships and open banking reveals a focus on SMB lending and finance, while Banking-as-a-Service (BaaS) also gains traction to allow non-banks to offer their own banking services to corporate customers. HSBC is adopting Biz2Credit 's Bix2X Platform to streamline its SMB lending processes.

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