PYMNTS

JANUARY 27, 2021

New Jersey-based Affinity Federal Credit Union began upgrading its systems about five years ago as it looked toward the digital future. We look at everything through the lens of our mission: to support the financial lives of our members and the communities we serve.”. Embarking On A Digital Transformation. Prioritizing Upgrades.

New Jersey 223

New Jersey Connecticut Fraud System 223

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. I also included the USA deposit market share. Notice the bigger banks all held serve and maintained leading market share.

New Jersey 60

New Jersey Compliance Community Meeting 60

PopularBank

JANUARY 27, 2020

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. banks by assets.

New York 91

New York Community New Jersey Houston 91

PYMNTS

JUNE 22, 2020

On the optimistic side Elliot Nassim , president of Mason Asset Management, which co-owns the University Mall in Carbondale, Illinois, says: “We have always felt that the retail industry is evolving, despite what doomsday headlines would have you believe. The failure of anchor stores is critical in several ways.

NJ 132

NJ New Jersey Illinois Retail 132

PYMNTS

SEPTEMBER 17, 2020

It serves roughly 120,000 households across nine major markets and recently expanded into San Diego, Portland, New York City and New Jersey. focuses on products of interest to Asian-Americans “because that's a very underserved community. The firm also staged a $35 million Series C financing round led by DST Global.

Los Angeles 285

Los Angeles US San Diego New York City 285

PYMNTS

DECEMBER 11, 2017

In April, Affirm reported it had processed more than 1 million consumer installment loans made by Teaneck, New Jersey-based community financial institution Cross River Bank. We are excited to have GIC as a long-term partner that offers a unique network and insights on the evolving global FinTech market.”.

New Jersey 100

New Jersey Capital Apple Google 100

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

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

MARCH 31, 2018

So worries New Jersey Banker's Association CEO John McWeeney since state-owned bank advocate Phil Murphy was elected governor. The state's municipal deposits approximate $20 billion , $13 billion of which are in community banks. I got news for you John. I used Wells Fargo because it is a money market fund that I use.

FDIC 60

FDIC New Jersey Pennsylvania Community Bank 60

Jeff For Banks

MARCH 18, 2017

Their original purpose, as I understand it, was to use up operating, liquidity, and credit capacity in larger financial institutions to benefit nearby community banks. Take my firm, that builds profit reporting models for community financial institutions based on how they are individually managed, and the products that they offer.

Kansas 79

Kansas Community Bank Community New Jersey 79

PYMNTS

JANUARY 30, 2019

But, in 1974, he opened a successful food court in New Jersey at the Paramus Park Mall. Rouse’s communications director, Robert Rubenkonig, said in a 2004 Shopping Centers Today story that the developer sought to create “community picnics” with the concept. They’re open areas — a great idea that stuck,” he said.

New York City 115

New York City Los Angeles New York New Jersey 115

Jeff For Banks

DECEMBER 15, 2013

Many if not most financial institutions are looking hard at smaller branches in smaller markets to consolidate and create a bigger branch that can deliver better results. 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.

How To 89

How To Community New Jersey social media 89

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

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. To you, manage your interest rate risk. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate?

FDIC 78

FDIC Community Bank Regulation Lending 78

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. This ups the ante for banks courting certain business owners, particularly those managing startup companies.

Trends 79

Trends Community Bank Lending Community 79

Jeff For Banks

JUNE 18, 2010

The former Commerce Bank of Cherry Hill, New Jersey proved these fears wrong by racking up impressive growth and profitability numbers through de novo branching. But as branch lobbies become emptier, senior managers are wondering again if branching is becoming a dinosaur. I do not know the date of their obsolescence.

Community 60

Community New Jersey Management Analytics 60

Independent Banker

DECEMBER 29, 2015

is becoming a more sales-conscious community bank. A key player in this transition is Jason Boling, whose broad job description includes helping develop and implement the $340 million-asset community bank’s retail strategy. However, we are experiencing differing results in our two markets.”. Know your product inside and out.

Retail 70

Retail New Jersey Training Compliance 70

Jeff For Banks

OCTOBER 13, 2011

This dates back to an interview I did with American Banker about a community FI that was opening coffee shop branches. I gave a twofold comment: 1) I saluted the FI for being creative; and 2) I doubted it would work, particularly in the locations and relatively conservative markets where they tried it.

Branch Strategies 71

Branch Strategies New Jersey Strategy Capital 71

Gonzobanker

DECEMBER 20, 2019

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. billion of assets under management. billion of assets under management. It was always clear how much Jones loves his credit union, his team and his community.

Idaho 148

Idaho Conference Data Marketing 148

PopularBank

FEBRUARY 25, 2020

Trainees receive close mentorship from managers and advisors, participate in leadership and community activities and initiate specific projects and solutions for different business areas of the organization. We gathered financials, market data, figured out the workflow of the product and the areas of improvement.

Puerto Rico 52

Puerto Rico Austin Study Meeting 52

Gonzobanker

DECEMBER 19, 2022

TD has been a player that maintained its acquired market share so we are hoping this one doesn’t get messed up like other Canadian banks that have struggled in the Southwest. Hats off to Thomas Shara at Lakeland and Tony Labozzetta of Provident for architecting the new $25 billion super-community bank in New Jersey.

Community 216

Community Fintech Industry Innovation 216

Jeff For Banks

DECEMBER 29, 2021

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. MCBS, with a market cap of $705 million, and LTM revenues (net interest income plus fee income) of $125.5

Capital 78

Capital Texas Metro North Carolina 78

Jeff For Banks

DECEMBER 12, 2017

I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments. My method was to search for the best banks based on total return to shareholders over the past five years.

Minnesota 60

Minnesota West Virginia Virginia Iowa 60

CB Insights

JUNE 14, 2018

T echnology trends and market needs are pushing companies to set their sights on the residential real estate and construction industry. In this report, we examine the materials and methods reshaping residential construction, new housing and community development projects, and what these trends could mean for the future of where we live.

Seattle 56

Seattle Capital Industry New York 56

William Mills

SEPTEMBER 12, 2017

Check back for new updates throughout the day. Digital banking solutions for community banks and credit unions. They’re showing a web platform related to their capitol markets solution. Transforming consumer risk management with patented analytics, proprietary data and real-time insight into consumer behavior.

Samsung 69

Samsung Mobile User Experience Google 69

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

PNC made a Gonzo move with a national digital expansion in 2018 with the unique idea of building a small number of branches in target metro markets like Kansas City and Dallas. Goes to the always-sharp Mitch Feiger and the team at MB Financial for the bank’s sale to Fifth Third at a 24% premium to market price in May.

Fintech 105

Fintech Conference Innovation Community 105