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Office Lending – Here is Why It is Not as Bad as The Market Thinks

South State Correspondent

If you add these metrics, office attendance has stabilized nationally and started to trend higher in 2024. It is in locations like San Francisco and Miami but less so in Philadelphia. Groundbreakings declined to below 300,000 square feet in the nation, the lowest volume on record. Current usage is pegged at 61.7%.

Lending 195
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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Because many banks are now producing below their cost of capital, growth further exacerbates their issues and drives them out of business (likely through a sale) faster. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. Improving efficiency is like “losing weight” and “working out more.”

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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

This belief is based on “the Company’s operating plan, that current working capital and expected continued inventory and capital expenditure financing is sufficient to fund operations and satisfy the Company’s obligations.”. The Miami vending machine has a new design and is definitely an attention-getter in new markets.

Company 130
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A digital-first bank for south Florida

Independent Banker

Serving Miami-Dade, Broward and Palm Beach counties, Locality Bank is focusing on serving small businesses and others in the restaurant and hospitality sectors. Costello has also held senior roles at Bank of Florida, City National Bank and Nations Bank during his 30-year banking career.

Florida 91
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Who were ICBA’s Top Lenders of 2022?

Independent Banker

We worked with them with loans to buy equipment and vehicles for delivery and the beginning operational cash needs of the business,” Bunnell says. American Bank, National Association. Classic Bank, National Association. The First National Bank In Sioux Falls. Dakota Community Bank & Trust, National Association.

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Small Business Resiliency in South Florida

PopularBank

This complicated pairing will continue to drive demand for working capital, lines of credit and Small Business Administration (SBA) loans. Simultaneously, essential services, including grocery stores, have seen a spike in their normal business operations and revenue.

Florida 52
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Tech Center: Orlando Dips Its Toes Into Tech Startup Water

PYMNTS

The latest pieces of tech news to hit the Orlando tech scene are Lockheed Martin ‘s $100 million missile deal and Elon Musk’s Hyperloop One transit system that promises to get people from Miami to Orlando in 26 minutes. Is there anything people may find surprising about operating a business there?

Florida 110