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CDFI Beneficial State Bank, Aided by Abrigo, Goes All Out To Secure PPP Small Business, Nonprofit Loans

Abrigo

The CDFI instated Abrigo's SBA Lending technology platform and systemized approach soon after business owners were able to begin applying for PPP loans. The Oakland, Calif.-based Lending & Credit Risk. SBA Lending. Lending & Credit Risk. SBA Lending. Lending & Credit Risk. SBA Lending.

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Goldman Sachs To Acquire Credit Card Company Final

Bank Innovation

Oakland-based Final is a credit card service, which announced that it would close its card portfolio back in December. Goldman Sachs has agreed to purchase fintech startup firm Final, as a part of its efforts to expand in retail-banking products. Terms of the transaction were not disclosed. As a part of the deal, Goldman will […].

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CDFIs Kick Off PPP Loan Submissions

Abrigo

Keller, President and Chief Executive Officer of Community Bank of the Bay, a Community Development Financial Institution serving the San Francisco Bay area from its base in Oakland, Calif. “The application came out Friday and we worked on it all through the weekend along with our partners at Abrigo, and we’re ready. SBA Lending.

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Beneficial State Bank’s financial activism

Independent Banker

Location: Oakland, Calif. billion-asset community bank in Oakland, Calif., It’s a CDFI, which means that 60% of lending is made to low- and moderate-income customers or underserved communities. In March 2020, workers at Oakland, Calif.-based Name: Beneficial State Bank. Assets: $1.5 wears this mission proudly.

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Marqeta eyes credit products on the heels of $150M funding

BankInovation

The Oakland, Calif.-based Fresh off a $150 million funding round announced Thursday, Marqeta is developing a credit card product. based startup raised the funds as an extension of its Series E from an undisclosed investor, more than doubling its valuation to $4.3 billion, up from $1.9 billion last year. “We

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How A Bank And A FinTechs Are Jointly Cracking The Code On Financial Inclusion

PYMNTS

Of course, banks have to be run with safety and soundness to protect those deposits, but they also have myriad public mandates, like fair lending, anti-money laundering and customer privacy. The teams at FinTech startup LendUp and Oakland-based Beneficial State Bank think very differently about that relationship. percent to 29.99

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National Small Business Week Celebrates the American Entrepreneurial Spirit

Abrigo

This year’s National Small Business Week , themed “SBA: Dream Big, Start Small,” will include special events in Atlanta, New York, Denver, Phoenix, San Jose, Oakland and Washington, D.C. Capital: SBA fills gaps in the commercial lending marketplace so success in the small business sector is based on merit, not family wealth.

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