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Are de novos making a comback?

Abrigo

For perspective, a mere 4 banks have opened since 2011, and two of those were in 2017 alone: both International Bank of Commerce of Oklahoma City, OK, and Blue Gate Bank of Costa Mesa, CA, opened in January 2017. Learn more about how Sageworks can help banks and credit unions grow profitably and mitigate risk.

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OCC warns about increasing credit risk

Abrigo

With the recession fading into the more distant past, banks – in particular, community banks – have seen several years of loan growth. Banks, according to Comptroller of the Currency Thomas Curry, are starting to reach for additional growth by lending to less creditworthy borrowers, a move that increases risk to the institution.

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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

I along with countless other managers and investors were finally happy. I admire his business savvy, his wealth of knowledge about the economy and the financial markets, his ability to deal with crisis, and his dedication to making people’s lives better through JP Morgan Chase Bank community initiatives. Yes, M2 matters.

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Guest Post: Financial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

The Outlook All indications are that GDP growth is slowing, reverting back to its “new normal” range than has been in place since 2011 of 2.0% DJ 01/11/19 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, risk management, and financial analysis.

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Guest Post: FInancial Markets and Economic Update by Dorothy Jaworski

Jeff For Banks

Philly has a chance to go wild again this year if the Phillies keep playing well; they are in first place for the first time since the end of 2011. DJ 08/09/18 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, risk management, and financial analysis.

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Guest Post: Financial Markets and Economic Commentary by Dorothy Jaworski

Jeff For Banks

Inventories should not contribute as much to growth as they did in the first quarter, so a ratcheting down to the level that we have experienced since 2011 of +2.2% Dorothy has been with Penn Community Bank and its predecessor since November, 2004. is a conservative projection.

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Q2 Acquires Social Money in $10 Million Deal

Fintech Labs Insights

In July, Q2 Holdings acquired anti-fraud, risk management specialist, Centrix Solutions for $20 million. For its part, Social Money sees the acquisition as an opportunity to continue helping community banks and credit unions, in the words of Social Money CTO Adam Anderson, “establish direct-to-digital capabilities in the future.”

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