article thumbnail

Mastercard Commits $500M To Boost Black Communities, Businesses

PYMNTS

Mastercard said it will invest $500 million in Black communities across the U.S. We have an obligation … to be part of the positive change Black communities so rightly need now," said Ajay Banga , Mastercard CEO. "We Louis and Dayton, Ohio. over the next five years in a bid to address racial disparities in financial services.

Community 282
article thumbnail

How Relationship Lending & A Transaction-Oriented Focus Can Win More Business Loans

Abrigo

Personalized Touch with Efficient Service Can Boost Lending Banks and credit unions can boost business lending by combining a relationship focus with transaction-oriented processing. . This competition can only increase as the lending landscape continues to shift.

Lending 195
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Is commercial lending on the rise?

Independent Banker

Loan providers share an infectious enthusiasm and growing optimism for one vertical’s prospects in 2022: commercial lending. Here’s how community bankers can take advantage of various sectors—including SBA lending—over the next 12 months. anticipates a low double-digit increase in its commercial lending in 2022.

Lending 158
article thumbnail

5 ways to shake up your lending strategy

Independent Banker

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
article thumbnail

The math behind small business lending: Problems & possibilities for banks & credit unions

Abrigo

Recent dynamics of the small business lending market A deep understanding of the small business lending landscape and potential efficiencies can help banks and credit unions grow their portfolios. You might also like this guide for smarter, faster small business lending. Record new business formation and a wider gap between U.S.

Lending 243
article thumbnail

How to Better Advise Commercial Clients About Rates in 2024

South State Correspondent

A recent 2023 paper from the Federal Reserve Bank of St. Louis studied the predictive prowess of economists. Bankers must be able to present the current (spot) and forward interest rate lending curve to clients. We believe that effective and successful community bankers are foremost trusted advisors.

How To 195
article thumbnail

How To Take Advantage of the FOMC Meeting

South State Correspondent

Governor Christopher Waller and St. Louis Fed President James Bullard (who dissented in favor of a 50bps move last week) argued for some half-point hikes in 2022. Implications for Community Banks. Community banks must pay attention to loans that re-price in the next two or three years. Interest Rate Pressures.

Meeting 195