Gonzobanker

MARCH 21, 2024

Of small business owners who applied for a business loan in early 2023, 6 in 10 found it difficult to find affordable financing, and overall, 77% are concerned about their access to capital according to a survey from Goldman Sachs. According to Randi Zeller, senior advisor to Community Reinvestment Fund, USA: “There is no lack of capital.

Lending 78

Lending How To Capital Data 78

Independent Banker

DECEMBER 31, 2021

Independent Banker ’s annual Community Bank CEO Outlook survey reveals how community bank leaders plan to leverage today’s deposit-laden banking environment to grow this year. Janet Silveria, Community Bank of Santa Maria. So, what’s at the top of community bank leaders’ to-do lists? What changes will 2022 bring?

Community Bank 144

Community Bank Community Lending Louisiana 144

Independent Banker

JUNE 30, 2022

A new approach to loan protocols is just one way for community banks to grow in new and different directions. Amid changing economic conditions and rising rates, it’s a good time for community banks to re-evaluate their loan strategy with an eye on adaptability. David, Community Bank Consulting Services, Inc.

Lending 103

Lending Strategy Community Bank Community 103

PYMNTS

JANUARY 9, 2018

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

Community Bank 131

Community Bank Community Fintech Lending 131

Abrigo

AUGUST 30, 2016

According to Sageworks’ Bank Information resource there are nearly 12,000 community banks and credit unions across the United States. Last week Hillary Clinton released her plan to support community banks and credit unions. To learn how you can build a relationship-based lending framework, read Doing More for Business Borrowers.

Community Bank 150

Community Bank Community United States Policies 150

PYMNTS

APRIL 14, 2020

Community Development Financial Institutions (CDFIs) are hoping more Paycheck Protection Program (PPP) funding is passed by Congress soon so that smaller businesses left behind can stay afloat during the coronavirus pandemic, according to a Tuesday (April 14) report in the Wall Street Journal.

Puerto Rico 150

Puerto Rico Virgin Islands District of Columbia Kansas City 150

Independent Banker

DECEMBER 1, 2021

Additionally, a recent survey by FIS shows that 37% of consumers began a new banking relationship with a major national or global bank that had a well-established online portal in the past 12 months. Increasing role of technology. 18% of these consumers opened an account with an online-only direct bank.

Community Bank 91

Community Bank Community Fintech Guidelines 91

Abrigo

MAY 8, 2024

Yet 30% of financial services leaders ban the use of generative AI tools within their companies, according to a recent survey by American Banker publisher Arizent. Another example of using predictive AI is small business lending software that incorporates AI-driven lending intelligence.

Examples 221

Examples Fraud Resources Risk Management 221

Abrigo

JANUARY 22, 2015

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

Community Bank 150

Community Bank Community Regional Cleveland 150

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Ag lending in the South: Relationships matter.

Community Bank 172

Community Bank Community National Philadelphia 172

Abrigo

JULY 23, 2015

According to the Sageworks 2015 Bank and Credit Union Exam Survey , more than 40 percent of the 180 responding institutions had already begun stress testing, and it was recommended to 30 percent that they begin stress testing or expand current stress test practices. Understand your portfolio and its risk factors. Ensure proper data.

Community Bank 150

Community Bank Community Data Resources 150

CFPB Monitor

NOVEMBER 7, 2019

On October 29, 2019, the House Financial Services Subcommittee on Oversight and Investigations held a hearing to explore the issue of lending and housing discrimination against members of the LGBTQ+ community. A recording of the hearing is available here. Michael Adams, Chief Executive Officer, SAGE.

Lending 60

Lending Community Iowa Policies 60

PYMNTS

NOVEMBER 27, 2018

Yet, the small business lending gap remains. In a new report, PayNet and financial research firm Raddon examined the state of small business lending in the U.S. ” Banks have not invested in their small business lending operations to improve the process for the borrower, though. Filling The Gap.

Lending 159

Lending Fintech Capital Report 159

South State Correspondent

SEPTEMBER 20, 2023

For example, if you are a bank in California, Florida, New York, or Pennsylvania, going after private schools, colleges, or insurance companies should be considered due to not only the large number of target institutions but also the size of those institutions, which lends itself to having multiple banks.

Management 195

Management Survey Industry Community Bank 195

PYMNTS

DECEMBER 8, 2020

Plus, online lending startup SoFi is looking to go public through a SPAC. economic slowdown fueled by the COVID-19 pandemic is likely to continue into 2021 but could start bouncing back by mid-year as the population gets vaccinated, according to a December survey from the National Association for Business Economics (NABE).

San Francisco 130

San Francisco Community Bank Video Capital 130

Abrigo

NOVEMBER 29, 2021

Takeaway 3 Community banks have seen less volatility in noninterest income, and many are still eyeing growth across the category. Financial institutions generate most of their income by lending and investment activities. To remain competitive, some of the nations’ largest banks have introduced new products. Flush with deposits?

Community Bank 195

Community Bank Community FDIC Trends 195

South State Correspondent

JANUARY 4, 2023

The irony here is that more than half the banks we recently surveyed had some goal and metric around asset growth. Lending Focus – Interest Rate Sensitivity and Credit Accuracy. If you look back over any recession, it is the two years prior when banks make 80% of their lending mistakes. Why “Growth” is Not on The List.

Community Bank 195

Community Bank Capital Lending Training 195

PYMNTS

OCTOBER 1, 2018

What does small business (SMB) lending look like? seems to be kicking off, showing evidence of surpassing traditional bank lending at many times. In Mexico, small business lending is muted across the board. In Mexico, small business lending is muted across the board. For example, alternative finance in the U.K.

Lending 115

Lending Survey Data National 115

PopularBank

MAY 24, 2024

By Andrew Boland – Director of National Healthcare Financing, Popular Bank A minimum staffing standard for nursing homes across the country was unveiled last month, raising concerns from operators and industry leaders over the impact the mandate will have on their ability to maintain adequate access to long-term care. 5 ways to prepare.

Operations 52

Operations Training Community Meeting 52

CFPB Monitor

JULY 19, 2022

On July 13, 2022, the House Committee on Oversight and Reform, Subcommittee on National Security held a hearing entitled “Protecting Military Servicemembers and Veterans from Financial Scams and Fraud.” A recording of the hearing is available here. . According to Mr.

Fraud 78

Fraud National Security social media 78

CFPB Monitor

JANUARY 28, 2021

The fate of the OCC’s Community Reinvestment Act (“CRA”) final rule , issued on May 20, 2020, hangs in the balance following the inauguration of President Biden on January 20 and the resignation of former Acting Comptroller Brian Brooks, who was a major proponent of the rule, on January 14.

Community 131

Community FDIC Lending Survey 131

PYMNTS

OCTOBER 9, 2018

A PwC poll released in May, surveying 3,000 corporate finance executives, found that nearly half remained in the assessment phase of adopting revenue-recognition standards, while one-third were still remediating known issues. However, small community banks without such resources are sounding their concerns.

Community Bank 153

Community Bank Community Report Lending 153

Abrigo

MARCH 28, 2020

We need our lending institutions to help provide capital to these small businesses,” Briggs said. District SBA offices, not the national office, will facilitate getting new lenders approved, Drake said. “ CRE Lending. Lending & Credit Risk. Lending & Credit Risk. Member Business Lending. learn more.

Lending 221

Lending Capital Guidelines Data 221

PYMNTS

DECEMBER 5, 2018

India saw a busy year in B2B FinTech as the small business (SMB) community continued to demand enhanced financial services. The nation continues to push against cash in favor of digital payments, while both the government and private sector continue to fuel FinTech innovation.

Innovation 171

Innovation Survey Operations Community 171

PYMNTS

APRIL 30, 2018

National Small Business Week is this week in the U.S., and finance experts are celebrating with new data on the state of the entrepreneurial community. But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too.

Taxes 144

Taxes America National Community 144

PYMNTS

DECEMBER 11, 2020

Synctera Brings 'FinTech As A Service' To Community Banks. FinTechs want to offer compliant banking services, while community banks want new ways to grow deposits. Online lending startup Social Finance (SoFi) is in talks to go public through a sale to blank-check acquisition company.

Trends 175

Trends Fraud Millennials Community Bank 175

PYMNTS

OCTOBER 13, 2017

When the impact stretches across oceans, nations and demographics, though, and those affected number in the hundreds of millions, a sea change is a-swelling. How do they make decisions about retail transactions, lending activities or money transfers in milliseconds? Equifax brings a few key questions to mind.

Industry 144

Industry Security eBook Data 144

Gonzobanker

DECEMBER 19, 2022

1 issue raised by CEOs in our surveys, bankers had to craft a new and compelling post-Covid value proposition to attract it. SoFI gets a commercial bank that brings deposits, compliance, AND business lending. All of this while knocking out a stellar 1.35% ROA and leading industry, community, and philanthropic efforts everywhere.

Community 216

Community Fintech Industry Innovation 216

PYMNTS

MAY 6, 2019

Fifty-four percent of small firms surveyed by TD Bank expect revenue to increase , a 2 percent increase from this time last year, the bank said. Its “ 2019 Small Business Survey ” found that 46 percent are looking to expand product lines, with 39 percent planning to grow production this year. Thirty-two percent of U.S.

Survey 115

Survey America Analysis Data 115

PYMNTS

JULY 17, 2017

Reports Friday (July 14) said the average level of bad debt among SMEs in the country spiked by 70 percent in a single year, based on a survey of 1,000 small businesses. Nearly a third of small businesses surveyed said government efforts to lower business rates would be a help to ease financial burdens, Bibby Financial Services found.

Survey 109

Survey Community National Report 109

PYMNTS

MARCH 9, 2020

PYMNTS fielded a study to a national panel of 1,062 U.S. Ninety-two percent of consumers count their primary bank as either a national bank, regional/community bank or credit union. Bridge millennials are the most likely to play the banking services field, doing business with national banks as well as digital and online banks.

How To 232

How To Millennials ATM Fintech 232

Gonzobanker

MAY 4, 2022

Every year, Cornerstone Advisors conducts a survey of community-based financial institution CEOs that asks what their top concerns are. The 2022 survey produced the biggest one-year change we have ever seen. A focused plan for the development of next generation talent is no longer optional.

Training 144

Training Survey System Data 144

CFPB Monitor

DECEMBER 7, 2022

Lisa Rice, President and CEO, National Fair Housing Alliance; Mr. Marc H. Morial, President and CEO, National Urban League; The Honorable Byron Donalds (R-FL), United States House of Representatives; Mr. Devon Westhill, President and General Counsel, Center for Equal Opportunity; and Ms. The witnesses included: Ms.

Community 78

Community Compliance Industry National 78

PYMNTS

NOVEMBER 11, 2016

Just 19 percent of small businesses surveyed, for example, said their banks adequately met their financing needs, with a quarter of businesses reporting they were turned away from a bank as they sought financing to grow. Researchers declared this was a serious threat to the nation’s economy.

Survey 183

Survey Report Community Meeting 183

Abrigo

NOVEMBER 24, 2015

Community banks have grown their share of longer-term assets even more quickly than the rest of the industry, according to the FDIC. As loan growth has picked up, supervisory surveys have noted a relaxation in underwriting standards in some loan portfolios, including auto and multifamily housing portfolios.

FDIC 150

FDIC Lending Community Bank Industry 150

PYMNTS

APRIL 22, 2020

The Senate has voted by unanimous consent to allocate another $484 billion in an interim relief fund, $310 billion of which will top off the depleted PPP fund directly, with an additional $60 billion specifically for smaller lending institutions. Businesses that make it in this time might buy themselves a few more months.

Kentucky 237

Kentucky Community Groups Community Bank 237

PYMNTS

NOVEMBER 16, 2016

15) and found just how much these companies rely on friends, family and their communities to thrive. Researchers found that 83 percent of SMBs surveyed report having received some kind of financial, operational or emotional support from a family member. The bank released its latest semi-annual report on small businesses Tuesday (Nov.

America 100

America Community Survey National 100