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Community Banks Debut FinTech Alliance

PYMNTS

Alloy’s Julieann Thurlow, CEO of Reading Cooperative Bank, said, “Community banks play a special role in the lives of our customers, but we don’t have the same IT and innovation budgets as the big banks to capitalize on that relationship.” This time around, Sweetbridge is using blockchain in a lending context.

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Fundation Pulls Community Bank Into FinTech Collaboration

PYMNTS

Large financial institutions (FIs) are increasingly turning to FinTech firms and alternative lenders to augment their small business (SMB) offerings, but community banks are beginning to get on board with the partnership strategy , too. They’re very disciplined on credit and interest rate risk,” he said.

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Rising rates push a Pennsylvania bank out of equipment finance

American Banker

Quaint Oak Bancorp sold its majority stake in an equipment lender less than two years after the partnership helped drive record profits at the Southampton-based company.

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Podcast: Behind the Scenes with a Community Bank’s PPP Loans

ABA Community Banking

Through the Small Business Administration's Paycheck Protection Program, banks delivered the biggest economic rescue program in U.S. Luke Bernstein, EVP at Orrstown Bank in Orrstown, Pennsylvania, discusses his bank's PPP lending.

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Wells Fargo Taps Former Mastercard Exec To Run Merchant Services

PYMNTS

She graduated from Spelman College and earned her MBA from The Wharton School at the University of Pennsylvania. The company revealed that David Kowach has been named head of community banking, while Jim Hays has come on board as president and head of Wells Fargo Advisors. Her first day will be Aug.

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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.

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Pennsylvania bank taps into crypto cash to boost lending

American Banker

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