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Podcast: How Multigenerational Directors and Engaged Employees Drive Bank Independence

ABA Community Banking

For nearly 200 years, Millbury National Bank has stayed independent as a commercially focused community bank in Massachusetts. Part of that independent tradition owes to the bank's history of multigenerational stewardship.

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Could Loophole Help Explain Rise in Credit Unions' Business Lending?

American Banker

A study commissioned by the Massachusetts Bankers Association found a correlation between a spike in credit unions with low-income designations and an increase in member business lending in the state.

Lending 31
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The Case For Localizing Mom-And-Pop Investment

PYMNTS

Exploring the importance of the small business through the lens of its immediate community is a critical component of promoting education among entrepreneurs. According to Mathews, MainVest aims to encourage local investors to invest in businesses of their own community. This is beneficial in more ways than one, he noted.

Capital 145
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Bankers and Strategic Bets. A Slow Embrace.

Jeff For Banks

Six years ago I asked in a blog post Will Plain Vanilla Kill Community Banking ? billion in assets Massachusetts bank developed Zrent so it's landlord customers could more efficiently collect rent from tenants. Did I get caught up in the change-or-die crowd? Was I, gulp, a futurist? Leader Bank - A $1.2

Apple 66
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CFPB’s Taskforce on Federal Consumer Financial Law releases report

CFPB Monitor

The Taskforce identified the following three “overarching principles” as animating its drafting of the report: Consumer protection policy should be particularly attentive to the consequences for inclusion and access by previously underserved communities. Fintech regulation. Small dollar credit.

Report 78
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Guest Post: Third Quarter Economic Update by Dorothy Jaworski

Jeff For Banks

It seems to me that reducing burdensome regulations and not implementing harsher capital requirements would be more effective alternatives to incentivize lending than pushing all yields toward zero while buying up all of our bonds. Maybe it is nationally, but Bucks County (PA) has yet to participate. in July and CoreLogic, +4.6%

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GonzoBanker Awards 2017

Gonzobanker

Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. The Real “Lending” Stock Award – Goes to longtime player LendingTree. THE BANKING AWARDS.