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Community banks are thriving in Texas

Independent Banker

The 2020 Census quantified the growth many residents were already sensing: Austin grew by 33% between 2010 and 2020, earning it the rank of fastest-growing large metro. ANB does “traditional lending in every aspect,” Edlund says, but commercial loans make up the majority of its loan portfolio.

Texas 182
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

Brothers Patrick and John Collison founded Stripe in 2010 in an attempt to gain share in online payments, a then-nascent market with seemingly boundless growth opportunity. Leadership and board members. Business lending and corporate cards. Funding, valuation, and investors. Broadly enabling online commerce. Source: Stripe.

Online 98
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Surprise Outcomes Edition: Cybercrime, Student Loans And CAN Capital

PYMNTS

The experts estimate that the United States government spent millions trying to enforce it and deprived the states of billions in tax revenue — all without managing to make any significant change in American alcohol consumption. The 13-year effort to curb alcohol consumption with a universal ban was pretty much a bust.

Capital 100
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The Thinker

Independent Banker

Thoughtful lending and an open mind keep profits strong for incoming ICBA chairman Jack Hartings. in Coldwater, Ohio, and ICBA’s incoming chairman, held fast to his community bank’s conservative lending practices. To combat the decline in the bank’s loan-to-deposit ratio, Hartings actively sought out new opportunities in lending.

Ohio 70
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Fools Rush In: 37 Of The Worst Corporate M&A Flops

CB Insights

While November 2010 saw the release of the new Windows Phone with a new platform, it never caught on with consumers. The housing bubble bursting that same year had the opposite effect and various penalties and real estate losses relating to Countrywide’s lending practices ended up costing BofA about $40B, all told. Microsoft and Nokia.

Google 76
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17 Of The Biggest Startup Frauds Of All Time

CB Insights

In January 2018, Outcome settled all pending lawsuits by the company’s investors on the condition that Shah and Agarwal step down from their leadership positions. LendingClub was one of many online lending services founded in the mid-2000s as entrepreneurs eyed the Byzantine financial sector as an area ripe for disruption.

Fraud 78
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Is US Financial Regulatory Reform Dead or Ready for Take Off?

FICO

In June, the House adopted, along a party line vote, the Choice Act, which aims to make broad changes to the 2010 Dodd-Frank statute. Perhaps an equally daunting challenge is the already crowded legislative agenda, which includes heavy-lift items like healthcare and tax reform and increased infrastructure spending.

US 40