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First New Community Bank In Decades Headed To US Market

PYMNTS

is set to see its first new community bank in decades, as the Federal Deposit Insurance Corporation (FDIC) lent its approval for MOXY Bank to launch in Washington, D.C. With clearance to move forward with its plans, the community banking landscape will see its first new industry player in years. have emerged to do.

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Chamber Of Commerce Backs Community Bank Bill

PYMNTS

Chamber of Commerce is voicing its support for legislation that would ease regulatory burdens for the nation’s community banks in an effort to improve access to funding for small business borrowers. A letter in support of the bill follows the Chamber of Commerce’s report released in 2016 that found Dodd-Frank rules are harming corporations.

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Community Banks Aim To Amplify Competitive Edge With FinTechs

PYMNTS

With big banks pulling back from small and medium-sized business (SMB) lending in the wake of the global financial crisis, the market was ripe for someone else to fill the credit gap. Community banks approved 49 percent of SMB loan applications in November, according to the latest data from the Biz2Credit Small Business Lending Index.

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Deposit Behavior In This Rate Cycle – Part III

South State Correspondent

In two recent articles, we reviewed the banking industry’s deposit behavior with regard to cost of funding earning assets (COF) ( HERE ), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle ( HERE ). Deposit Behavior In This Tightening Cycle Versus Last Three.

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How The Fed Will Impact Your Deposit Beta

South State Correspondent

In our previous article ( HERE ), we reviewed the banking industry’s cost of funding earning assets (COF), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle. Second, the market has priced in interest rate risk, but it has not priced liquidity risk.

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Grocery Tracker: Weis Markets Up In Q4

PYMNTS

International food retail group Ahold Delhaize (AD) saw a minor upward push in the past week, though a broader view shows prices down overall compared to all-time highs in July 2016. percent from Monday’s close, but still up overall for the week with an estimated market cap over €26.1 per share with a market cap just over $26.64

Marketing 100
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SWIFT Selects Javier Pérez-Tasso As New CEO

PYMNTS

I am confident that his appointment will ensure that SWIFT can continue to build on its tradition of excellence and innovation in support of the global financial community, while also enabling acceleration of its endorsed strategy.”. Pérez-Tasso previously served as chief marketing officer for the organization.