PYMNTS

SEPTEMBER 14, 2017

One of the key reasons for the complicated relationship – the term “frenemies” comes to mind – is that FinTech newcomers are demonstrating innovative approaches to traditional banking practices, including financial management services and money transfers, while older banks tend to be wedded to older systems. New tools for new FinTechs.

Innovation 191

Innovation Lending Fintech Bitcoin 191

Jeff For Banks

NOVEMBER 9, 2018

March 2017 - Failed the OCC's community lending test causing "significant harm to customers." As part of my comments, I presented the following table of New Jersey Deposit Market Share. Wells maintained its market share from June 2017 to June 2018 in both New Jersey and nationwide. Nationwide network?

New Jersey 60

New Jersey Compliance Community Meeting 60

Independent Banker

FEBRUARY 24, 2016

As in past years, community bankers will continue to contend with a dynamic, highly competitive lending environment in 2016. Several trends have arisen that are likely to continue shaping the commercial lending market. Here are five commercial lending trends from some of the industry’s top commercial lenders.

Trends 79

Trends Community Bank Lending Community 79

CFPB Monitor

SEPTEMBER 25, 2015

The joint complaint filed by the CFPB and DOJ in federal district court in New Jersey states that the action resulted from a joint investigation by the agencies of the bank’s lending practices following the CFPB’s referral of the bank to the DOJ pursuant to the ECOA.

NJ 60

NJ New Jersey New York Philadelphia 60

Jeff For Banks

JANUARY 27, 2011

I was at a strategic planning retreat a few weeks back where a colleague lauded the concept of bankers getting back to plain vanilla community banking. But if you read or watch interviews of CEOs of community FIs from 2008 forward, you will be bombarded with the message that they didn''t engage in the things that led to the collapse.

Community Bank 71

Community Bank Community Apple National 71

Jeff For Banks

DECEMBER 15, 2013

If you are consolidating a branch into another in the next town over, select your best people to run the consolidated branch, ideally with residents from each community. Communicate with community leaders - One of the most often cited reason for leaving a struggling branch open is the perception closing it would have with the community.

How To 89

How To Community New Jersey social media 89

Jeff For Banks

JUNE 2, 2023

//Jeff Marsico remarks to the 2023 New Jersey Bankers' Association Annual Convention: May 19, 2023// Four decades ago, the prolonged savings-and-loan crisis devastated the industry. The old borrow short, lend long strategy. To you, manage your interest rate risk. trillion failed. We took a serious reputational hit.

FDIC 78

FDIC Community Bank Regulation Lending 78

American Banker

AUGUST 3, 2016

Unity Bancorp is raking in money from holding and selling 7(a) loans, but don't expect the bank to extend its operations beyond New Jersey and New York. Management learned that lesson the hard way during the financial crisis.

New Jersey 28

New Jersey National New York Operations 28

Jeff For Banks

MARCH 13, 2010

Managers of corporations are not accountable to society. Banks typically lend businesses money, and shy away from early stage businesses with no operating history (and no real estate as collateral for that matter) because of the risk of not being paid back. New businesses evolve to better, more stable bank customers.

New York 60

New York New Jersey Community Pennsylvania 60

Jeff For Banks

MARCH 13, 2010

Managers of corporations are not accountable to society. Banks typically lend businesses money, and shy away from early stage businesses with no operating history (and no real estate as collateral for that matter) because of the risk of not being paid back. New businesses evolve to better, more stable bank customers.

New York 60

New York New Jersey Community Pennsylvania 60

Gonzobanker

DECEMBER 20, 2019

Mark Turner, Executive Chairman of the Board, WSFS Bank – We have to give the nod to an early 2019 retirement of Turner, who had one hell of a run in 12 years at the helm of a great community and wealth bank. billion of assets under management. billion of assets under management. picks up Bancorp of New Jersey, Inc.

Idaho 148

Idaho Conference Data Marketing 148

Gonzobanker

DECEMBER 19, 2022

SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey. Let’s see how this new scale allows for big investments in future innovation.

Community 216

Community Fintech Industry Innovation 216

Jeff For Banks

DECEMBER 29, 2021

The bank was founded in 2006 and operates 19 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. and equipment lending and asset based lending through Triumph Commercial Finance.

Capital 78

Capital Texas Metro North Carolina 78

William Mills

SEPTEMBER 12, 2017

Check back for new updates throughout the day. Digital banking solutions for community banks and credit unions. An industry leader in lending and benchmarking solutions for financial institutions. Transforming consumer risk management with patented analytics, proprietary data and real-time insight into consumer behavior.

Samsung 69

Samsung Mobile User Experience Google 69

Fintech Labs Insights

MAY 21, 2015

It was a broad mix of sub-sectors, from crypto (Ripple) to lending. Tools and programs for alt-lending to businesses. HQ: New York City. Credit reports & debt management. Online network for private equity community. HQ: New York City. Bitcoin-denominated P2P lending. Actiance $28 million.

San Francisco 12

San Francisco New York City Company California 12

PYMNTS

DECEMBER 7, 2018

Though not venture capital, the private equity raised for New Jersey-chartered community bank Cross River Bank is noteworthy not only for its impressive price tag of $100 million, but for its reflection of investors’ support for financial institutions that collaborate with the tech startup scene. Cross River Bank.

Analytics 176

Analytics Data Capital Software 176

Gonzobanker

DECEMBER 20, 2018

CVB Financial acquires Community Bank. With active investment and community engagement, Hispanic membership growth at ICCU is now more than twice the rate of other household segments. Another example of sincerity and innovation making an impact on local communities. Easy as a golf swing. Bank Purchase of the Year.

Fintech 105

Fintech Conference Innovation Community 105