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Community FIs Battle Against Low Interest Rates To Help SMBs Thrive

PYMNTS

smaller community banks and credit unions (CUs) stepped up to the plate and, according to the Small Business Association (SBA), ended up facilitating more than half of PPP loan volume to SMBs. That's good news for community banks and credit unions, which could see a wave of new SMB customers and members in the coming months.

Community 193
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SBA Turns Attention To Credit Unions To Revive Small Biz Lending

PYMNTS

The financial services market has progressed by leaps and bounds in terms of innovation, from the rise of alternative finance to the development of technologies like blockchain and open banking initiatives. author of the report and Florida Atlantic University’s Kaye Family Endowed Professor in Finance.

Lending 116
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New ICBA chairman Derek Williams’ commitment to community

Independent Banker

Derek Williams, president and CEO of Century Bank & Trust in Milledgeville, Ga., wanted to be a financier before finding his way to community banking. He has served as president and CEO of $365 million-asset Century Bank & Trust in Milledgeville, Ga., now part of Bank of America, before moving to Griffin, Ga.,

Community 172
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Competition Heats Up Between Large FIs, Small Banks, Alt Lenders ? And SMBs Win

PYMNTS

Biz2Credit’s latest Small Business Lending Index found that loan approval rates at alternative lenders stagnated – and at credit unions, they actually fell. Thirty-four years have passed since SMB optimism was this high , according to the National Federation of Independent Business (NFIB). SMBs since the 2008 financial recession.

Lending 112
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CARES Act includes provisions affecting financial institutions and their regulation: some key provisions

CFPB Monitor

This section further extends to the National Credit Union Administration (NCUA) the authority to increase to unlimited the share insurance coverage it provides on any noninterest-bearing transaction accounts to federally insured credit unions. Section 4011 – Temporary Lending Limit Waiver.

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Community banks are thriving in Texas

Independent Banker

Ken Finley, president of Johnson City Bank, in downtown Johnson City with Shannon Sultemeier, executive vice president (left); and Brenda Haynes, vice president/cashier (right). Here’s how four community banks are thriving in this environment. Photo by Dennis Burnett. By Mindy Charski.

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Best Practices for Managing Credit Risk in Recession

Abrigo

Key Takeaways This recession is significantly different than the 2008 financial crisis, creating a unique credit environment for financial institutions. is officially in a recession, according to the National Bureau of Economic Research. The national effects remain opaque and will continue to change – do not get complacent.