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Community Bank Acquires SMB Digital Bank Seed

PYMNTS

Cross River Bank has partnered with a range of FinTech startups since its 2008 launch, including collaborations with Stripe , Coinbase and Affirm , reports said. Its takeover of Seed strengthens its position in the small business FinTech market. reports said.

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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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At home with HOA banking

Independent Banker

Academy Bank COO Tom Kientz notes that the community bank was eager to expand its deposit and loan services. Looking for an avenue to increase its deposit base, Academy Bank tapped into a market it hadn’t explored before: homeowners associations. One of the very quick things we turned to were HOAs,” he says.

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Fed Chairman Concerned Over Shrinking Bank Market

PYMNTS

Earlier this month, the Federal Reserve released new data that found the average merger review time for deals in the banking sector declined to 3.8 months in the first half of 2017. ” Now, Powell is also raising concerns about how bank industry consolidation could negatively impact the small business community.

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Why Branch Building (Sometimes) Makes Sense

Celent Banking

A more surgical analysis considering market-specific shopping trends tells a different story – and justifies the build. In retail banking, everyone knows branch footfall has been in decline along with teller transaction volumes – and everyone knows why. Source: FDIC, Celent analysis.

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Operation Choke Point 2.0

Jeff For Banks

The FDIC's quarterly Supervisory Insights for Summer 2011 had a list! This was an obvious attempt to bully banks into making it so risky to do business with disfavored industries that many banks, under fear of enhanced regulatory scrutiny, stopped doing business with them. OPC formally ended in 2017.

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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.