Remove 2012 Remove FDIC Remove Operations Remove Technology
article thumbnail

The Current State of Ag Lending: Challenges for Borrowers, Lenders, and How to Overcome Them

Abrigo

Key Takeaways The FDIC issued an advisory to FIs encouraging safe and sound lending practices in today's ag lending environment. Technology has been a key resource for both ag borrowers and ag lenders seeking efficiency, growth, and profitability. On January 28, the Federal Deposit Insurance Corp.

Lending 195
article thumbnail

Five Challenges to Your Bank of the Future and Ideas to Overcome Them

Jeff For Banks

In 2006, when the median asset size within my firm's profitability outsourcing service was $696 million, the operating cost per business checking account was $586 per year. billion, and the operating cost per business checking account is $710. deposit market share in 2012 to a 80.7%

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Seeking Banking Balance Between Physical And Digital

PYMNTS

With more consumers moving to mobile transactions over visits to branches, some banks are considering closing brick-and-mortar locations to reduce operational costs. The price of real estate is prompting even the largest players in the banking world to scale back their branch operations. Staying on Top of Customer Expectations.

article thumbnail

Bankers: Is your strategy the same as your competitor?

Jeff For Banks

We serve the dental and other health professional industries through a centralized loan and deposit platform that operates out of our main office in Dallas, Texas and serves clients in 30 states. We serve our local geographic market which is the Dallas - Fort Worth metropolitan area. Texas Capital Bancshares, Inc.

Strategy 100
article thumbnail

What’s in it for Me? Real Estate Investment Technology

Fintech Labs Insights

Today we’re taking a closer look at one of those categories, real estate investment technology, and 14 startups in that sector. Investor funds are held in an Investors Trust Account with City National Bank and in the event of default, the funds are FDIC insured up to $250,000. CK Mack ( FF 2012 demo ). Cash flow share.

article thumbnail

LendingClub Settles With SEC, DOJ

PYMNTS

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding. Attorney Alex Tse. lending marketplace. So, Now What?

Lending 135