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Today In B2B: Small PPP Loans Cause Controversy; Bank Profits Sink

PYMNTS

Plus, Pilot Company collaborates on fleet factoring, Revolution Payments launches Level III commercial card processing and Porter Capital launches new PPP funding tools. And Susana Dommar, a chiropractor in Texas, received a loan for just $1.”. Porter Capital Offers New Funding Tools To PPP Recipients.

Arkansas 152
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Pier 1 Plans Sale As It Goes Bankrupt

PYMNTS

The Fort Worth, Texas-based retailer franchise said it filed for chapter 11 protection Monday in U.S. Wells Fargo National Association and Pathlight Capital LP will allow the company to operate while finalizing sales. Bankruptcy Court in Richmond, Virginia. Court papers showed that Pier 1 valued its assets at $426.6

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Community banks are thriving in Texas

Independent Banker

With the record growth of San Antonio, Houston and Austin, southern Texas is becoming a hub for business. There’s a lot of energy in the southern half of Texas, and it’s not just the resources that power our homes and cars. Edlund adds that ANB also does working capital lending, energy lending and real estate and development lending.

Texas 182
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Chapter 11 Watch: Aeropostale Could Be Bought

PYMNTS

Of course, there was the news this week that the private equity firm Versa Capital was interested in acquiring Aeropostale. Last Call Guarantor LLC, a Dallas, Texas-based restaurant chain, became the fourth national restaurant business to file for bankruptcy this year, according to the Texas radio station WFAA.

Texas 100
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15 Minutes With … Jimmy Rasmussen

Independent Banker

in Galveston, Texas. Rasmussen: Yes, it is an honor to serve the Group 3 Banks in Texas, southern New Mexico and northern Louisiana for three more years. The news will focus on capital spending and job creation with an emphasis on Galveston Island, which is where our community bank’s headquarters and largest market is.

Dallas 131
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Whole Paycheck Tracker: Accelerating Automation To Capture Consumer Spend

PYMNTS

Robotics and automation were areas of focus for both retailers this week as they seek to upgrade their operations in an effort to capture more consumer spend. The move comes as cities and states are passing bans on cashless retail establishments, on the argument that such retail discriminates against unbanked consumers.

Taxes 100
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2020 GonzoBanker Awards

Gonzobanker

times tangible book for the attractive geographic footprint of BBVA weeks before the COVID vaccine starts to ship should spell accretion and strong future strategic positioning for PNC, especially in Texas where a brain drain from California led by Elon Musk will continue. John Beale , longtime CIO of City National Bank.

Idaho 172