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Redefining what it means to be a ‘community’ bank

BankInovation

SAN FRANCISCORegional banks and credit unions should redefine what it means to be a “community” financial institution when considering new technologies to tap into underserved customer groups. “I love the idea of changing the way we think about community banks from, instead of the community that’s near us, is there a niche community of customers (..)

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The community banks standing by hospitality customers

Independent Banker

Many hotels and other hospitality businesses haven’t fully bounced back from COVID-19 travel and safety restrictions, but community banks have been by their side through the challenges. For other borrowers, the $596 million-asset community bank allowed deferrals of principal or, in some cases, full payment deferrals. Photo: R.J.

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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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Five Star Bancorp aims to capitalize on San Francisco market turmoil

American Banker

The Roseville, California institution is expanding into the Bay Area in hopes that it can land new clients and lenders in the wake of two large regional failures there this year.

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Why Goodwill Regions Are Tapping Into Digital Marketplaces

PYMNTS

To bring their merchandise in front of millions of shoppers through eCommerce, several Goodwill regions are teaming with mobile marketplace OfferUp. More than 100 Goodwill store locations ranging from New York to San Francisco are uploading products like collectibles, clothing and furniture to the platform to drive in-store and online sales.

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FinTech Plaid Teams With Banking Platform Jack Henry

PYMNTS

Our partnership with Jack Henry helps us bring Plaid Exchange to hundreds of regional and community banks, and helps ensure millions of people can access digital finance apps and services no matter where they choose to bank, invest and manage their money,” Karvounis added.

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Farfetch Raises $250M To Grow Luxury Fashion Platform

PYMNTS

Tencent is a global technology company based in Shenzhen, China, and Dragoneer is an investment firm based in San Francisco. Farfetch, a luxury technology platform, has raised $250 million from Tencent and Dragoneer through the sale of convertible senior notes, according to a release.