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Mall Now A Four-Letter Word For Some Operators?

PYMNTS

The Wall Street Journal reports that the “four-letter” word has been getting the boot from … mall operators. Said one marketing professional involved in a handful of the name changes, some words are anathema, such as pavilion and galleria, which are words that have mall-ish connotations. Call them something else, then, it seems.

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Popular Bank Implements Branch Realignment in the New York Metro Region to Enhance Focus on Communities and Small Business Support

PopularBank

The branch closures, which are expected to be completed simultaneously by January 29, 2021, are projected to reduce annual operating expenses by approximately $13 million. This realignment in our New York Metro market is consistent with our small business and retail services model in South Florida,” said Popular, Inc. “We

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Deep Dive: How The COVID-19 Virus Is Impacting The Online Gambling Industry

PYMNTS

Supreme Court decision allowed sports betting in 2018 and inspired 2019 laws that govern the fledging industry in 10 states and set guidelines such as how online casinos can operate and how sports betting would be taxed. New Jersey and Pennsylvania have become two of the most important markets for U.S. Casinos in the U.S.

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Credit Issues Stalk Malls And Anchor Tenants

PYMNTS

The warning, on the other hand, came from Arthur Linfante, managing director of the Northern New Jersey office of Integra Realty Resources. The existential threat facing regional malls is the instability of anchor department stores. There are about 1,000 malls — both privately and publicly held — operating in the U.S.

NJ 132
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OnDeck’s ODX Digitizes Investors Bank SMB Lending Platform

PYMNTS

New Jersey-based financial institution Investors Bank has announced a collaboration with online small business lending firm OnDeck to digitize its own small to medium-sized business (SMB) lending operations. The companies announced their collaboration in a press release Monday (Oct.

Lending 101
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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

The tri-state area (New York, New Jersey and Connecticut) saw the highest growth in the district, an impressive 7 percent. The OCC plans to implement the following: • Risk management for new and high growth loan products. The OCC on Oct. This metric surged from 2 percent as of June 30, 2013, to 4.4

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Philadelphia Mall Owner Takes Care Of Its Own

PYMNTS

The Philadelphia Real Estate Investment Trust (PREIT) owns 17 malls surrounding the New York-New Jersey-Pennsylvania corridor, with a smattering of properties near Detroit and Washington, DC. The ability to help our tenants get to the other side of the mandated closures became front and center of our marketing efforts.