2010 FDIC Lending Security 
Abrigo
MARCH 3, 2022
By leveraging their strengths in relationship lending and their access to technology in order to grow the small business loan portfolio profitably. CFIs are poised to regain the small business lending market Community Financial Institutions can leverage technology to improve customer experience and regain the small business lending market.
PYMNTS
OCTOBER 3, 2016
In 2010, Westernbank Puerto Rico, the country’s second-largest commercial bank, took a loss of more than $140 million on loans to a Florida businessman, 53-year-old Jack Kachkar, which contributed to its failure, according to the FDIC’s inspector general. In 2010, Westernbank was subsumed by the Federal Deposit Insurance Corp.
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Jeff For Banks
JUNE 2, 2023
The old borrow short, lend long strategy. I want to read to you the FDIC’s conclusion from their An Examination of the Banking Crisis of the 1980’s and Early 1990’s. Who would’ve thought lending $1 million to a San Francisco cab driver to buy a house at 100% loan to value would go bad? We took a serious reputational hit.
PYMNTS
OCTOBER 1, 2018
Both the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) have officially ended a two-year investigation of LendingClub, its subsidiary LC Advisors (LCA), its founder and former CEO Renaud Laplanche and its former CFO Carrie Dolan. In 2010, LendingClub added to its war chest with a $24.5 lending marketplace.
Independent Banker
FEBRUARY 24, 2016
Community banks cannot afford to ignore the staggering pace of lending adoption by both individuals and businesses using digital-only platforms from various nonbank technology-based specialty lending firms. FDIC-insured deposits largely solve this problem for banks. Competing and beating FinTech’s digital-platform lenders.
PYMNTS
OCTOBER 17, 2017
An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956. Square already has an SMB lending arm – Square Capital – which it operates through a deal with Utah-based Celtic Bank.
Jeff For Banks
JUNE 24, 2010
Economists and government officials continue to cite lack of lending activity as a key contributor to our economic malaise. Much of the standoff revolves around real estate secured lending. This preference resulted in real estate assets (including mortgage-backed securities) representing 44.1% Would your bank lend to Ted?
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