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7 ways community banks can boost profitability

Independent Banker

Here’s what community bankers need to know when planning their budgets for the next year. of digital banking customers said they switched to digital banking because of the pandemic. Source: 2021 Provident Bank survey. Here are seven factors community banks should consider as they enter budgeting season.

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OnDeck’s ODX Digitizes Investors Bank SMB Lending Platform

PYMNTS

New Jersey-based financial institution Investors Bank has announced a collaboration with online small business lending firm OnDeck to digitize its own small to medium-sized business (SMB) lending operations. The companies announced their collaboration in a press release Monday (Oct.

Lending 101
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New condo safety laws: Three things community associations should consider

PopularBank

Florida’s new condo safety laws at-a-glance. The new legislation, SB 4-D, primarily focuses on the following requirements. Building inspections are required for community buildings in all 67 counties in Florida that are three or more stories in height. Consider contingency lines of credit as a lending option.

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BauerFinancial Recognizes Popular Bank

PopularBank

Receiving a superior rating by BauerFinancial is a testament to Popular Bank’s financial strength and commitment to our customers and the communities we serve. It is particularly meaningful given the unprecedented environment that both Popular Bank and the financial industry have had to navigate.

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Popular Bank Named Among First Investors of NWK FAM Fund

PopularBank

The new investment vehicle aims to economically empower Black and Latinx business owners throughout the City of Newark. NWK FAM Fund Seeks to Narrow the Wealth Gap in New Jersey. Popular Bank will serve as an initial corporate partner alongside organizations including AT&T, Panasonic and New Jersey Community Capital. “We

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Popular Bank East Harlem Branch Receives BDD Designation

PopularBank

BDD Designation to Provide Branch $10 Million in Subsidized Deposits to Promote Community Reinvestment within East Harlem. New York, NY – March 24, 2021 – Popular Bank , a subsidiary of Popular, Inc. Popular Bank’s East 116 th Street branch will serve as a BDD branch in the designated Community District 11 (CD 11).

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Popular Bank Branch Receives BDD Program Designation By NYS Department of Financial Services

PopularBank

DFS Awards 1620 Pitkin Avenue Branch $10 Million in Subsidized Deposits to Deliver Financial Education and Access to Financial Services within Ocean Hill-Brownsville Community. New York, NY – January 27, 2020 – Popular Bank, a subsidiary of Popular, Inc. Our Community Commitment. About Popular Bank.