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Clear Mountain Bank reaches new heights

Independent Banker

The West Virginia community bank is helping small-business customers get the financing they need while continually seeking new ideas to plan for its own future. Clear Mountain Bank is embracing flexibility, innovation and collaboration as it continues its ascent as a small-business connector in West Virginia. By Mindy Charski.

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Building A Better Lending Model To Serve SMBs Who Served

PYMNTS

Veterans often find it extremely difficult to secure bank funding, despite the fact that a myriad of programs exist to encourage entrepreneurship among those who have left the military in good standing. Our first base of operations was my basement in Reston, Virginia.”. Veterans , by the numbers, make excellent entrepreneurs.

Lending 119
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B2B Investors Get Smart About Business Intelligence

PYMNTS

million with B2B startups this past week, and while investment targets were diverse (including B2B eCommerce and small business lending), the bulk of the funding landed at companies focused on enhancing businesses’ ability to assess their performance. million raised in 2015, which was led by Ardent Capital.

Analytics 105
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Experts May Overestimate SMBs’ Understanding Of Cyber Threats

PYMNTS

” As a small business lending company, QuickBridge noted that small businesses must have access to working capital to adequately recover from a cyberattack. .” ” As a small business lending company, QuickBridge noted that small businesses must have access to working capital to adequately recover from a cyberattack.

Training 184
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Don't Bank. SoFi

Jeff For Banks

After its most recent capital raise in September, SoFi, a marketplace lender that focuses on millennials, has raised nearly $1.5 billion in equity capital since its founding in 2011. billion in asset Union Bank & Trust in Virginia had $1.1 billion in equity capital, with a market capitalization close to book value.

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Digital Disruption

Independent Banker

Meanwhile new competitors regularly emerge, including person-to-person facilitators such as digital wallet provider Venmo, crowd-funding loan provider Lending Club and real-time cryptocurrency settlement company Ripple. Now it has a small-business financing program, Square Capital. Kelly Pike is a freelance writer in Virginia.

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House Financial Services Committee Scrutinizes Basis of Proposed CFPB Arbitration Rule

CFPB Monitor

and Grace Doherty Charitable Foundation Professor of Law, University of Virginia School of Law. Instead, this “one data point” only secured the class six months of credit monitoring and free credit reports (the Fair Credit Reporting Act already provides that consumers may obtain a free credit report each year). Johnston, Henry L.

Study 68