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California Opens Door For San Francisco Public Bank

PYMNTS

California Governor Gavin Newsom has signed legislation allowing for the establishment of public banks in the state, and advocates in San Francisco are jumping at the opportunity. These institutions would connect other public entities to financing, reports explained, so they can fuel various projects to support the local community.

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The community banks standing by hospitality customers

Independent Banker

State Bank of Texas, led by president Sushil Patel (center), has a niche working with hospitality customers like Reena and Arun Patel, who own and operate a La Quinta hotel in Dallas. The bank also helped hotel operators obtain Paycheck Protection Program (PPP) loans. billion-asset, family-owned community bank. Photo: R.J.

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Banks and CDFIs: Partnering for community impact

Abrigo

And to thrive, those customers need economically diverse and healthy communities in which to live and work. Partnering with local organizations to promote the health of those communities is often a top priority for banks. communities where capital tends to be scarce.

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ICBA’s 2021 National Community Bank Service Award winners

Independent Banker

This year’s winners: Left: Central Valley Community Bank, People’s Choice Award; Middle: Kennebec Savings Bank, Exceptional Community Bank Service Award; Right: Cross River Bank, Emerging Service Program Award. Exceptional Community Bank Service Award. Instead, we give those dollars to the community.”. Asset size: $1.36

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On-Demand Delivery Service Munchery Ceases Operations

PYMNTS

In May Munchery said it was planning to focus on its largest market, which was San Francisco, in an effort to become profitable. We have also enjoyed giving back to our community through meal donations, volunteer service, and so much more.”. That came after it shut down service in Seattle, Los Angels, and New York.

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Software Company Salesforce Offers System For COVID-19 Vaccine Rollout

PYMNTS

San Francisco-based Salesforce has officially launched its “Vaccine Cloud,” a technology package designed to help manage the rollout of the COVID-19 vaccines. Technology can play a critical role in ensuring it’s done efficiently, effectively, and equitably,” said Bret Taylor , president and chief operating officer of Salesforce.

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Lawmakers Put Caps On Food Delivery Fees

PYMNTS

San Francisco, Seattle, Washington, D.C. and Jersey City were among the first communities to implement caps on delivery fees through emergency orders last month. We’ve already seen negative impacts of this in San Francisco,” Grubhub CEO Matt Maloney told analysts on the company’s earnings call, the network reported.