Remove Lending Remove Management Remove Minnesota Remove Operations
article thumbnail

Is commercial lending on the rise?

Independent Banker

Ashley Horner (right), senior vice president and SBA loan administrator, shown with portfolio manager Melanie Elmore, says Summit Bank is on track to make $30 million in SBA loans this year. Loan providers share an infectious enthusiasm and growing optimism for one vertical’s prospects in 2022: commercial lending. Quick Stat.

Lending 158
article thumbnail

The benefits of micro-lending programs

Independent Banker

which operates $12 billion-asset OceanFirst Bank N.A. There is a lot of time and energy spent, not only making sure that credit decisions are appropriate, but also managing the compliance aspect,” Maher says. Beth Mattson-Teig is a writer in Minnesota. in Toms River, N.J. saw something similar.

Lending 150
Insiders

Sign Up for our Newsletter

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

article thumbnail

The case for end-to-end digital lending

Independent Banker

Offering digital lending isn’t about the bells and whistles. started developing its digital lending platform about three years ago—and the bank is really glad it did. “I’m Community bankers are increasingly recognizing that the future of digital lending is here. Illustration by Out of the box/Stocksy. By Beth Mattson-Teig.

Lending 91
article thumbnail

4 trending social media tips to know

Independent Banker

When we share information, we can make the industry better,” says Tim Martinson, one of the group’s founders and the marketing manager at $1 billion-asset North American Banking Company in Roseville, Minn. “We Julie Kendrick is a writer in Minnesota. Membership is open to non-competing community bankers throughout the United States.

article thumbnail

Aiming for Earnings

Independent Banker

Higher-volume lending has become more important to profitability. Calculated Lending. Budgeting for expanded lending starts with a strategic plan. Minnesota bank makes high-volume SBA lending a profitable specialty. Minnesota bank makes high-volume SBA lending a profitable specialty. Income Guarantee.

article thumbnail

2020 GonzoBanker Awards

Gonzobanker

Banks and credit unions had to fundamentally change their delivery, support and relationship management models at scopes and speeds that were unheard of. Financial institutions went from having no PPP lending program at all to funding their first loan in 90 days – and this with literally last-minute regulatory guidance. Remember that?

Idaho 172
article thumbnail

Banking's Total Return Top 5: 2014 Edition

Jeff For Banks

Open Bank (OTCQB: OPBK) Open Bank commenced operations in 2005 as First Standard Bank in the Koreatown section of Los Angeles. It supports the claim by highlighting its efficiency ratio is in the top 2% of UBPR peers, and its operating expenses as a percent of average assets are in the top 12% of peer banks. Congratulations to them.