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Predicting Community Bank Cost of Funds

South State Correspondent

Community bank cost of funds is jumping up. As shown in the graph below, the net interest margin (NIM) for community banks declined 22bps in Q1’23. The question is – what will happen to community bank’s cost of funds from here? The graph below shows community bank cost of funds compared to those banks over $25B.

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Walmart Expanded Mexico Market Share With 134 New Stores In 2019

PYMNTS

In 2013, Walmart opened 214 stores in Mexico, which is its largest foreign market with 3,407 stores, more than in any other country outside the U.S. We will continue working for the welfare of the communities where we have a presence.”. “We We will continue working for the welfare of the communities where we have a presence.”.

Marketing 131
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PayPal CEO To Investors: Let’s Celebrate 2019

PYMNTS

In a letter to the PayPal community posted on LinkedIn on Thursday (April 9), Dan Schulman said the company ended last year with many accomplishments. The note was first published in PayPal’s 2019 Annual Report. Schulman boasted about the company’s growth in 2019, including $17.8 billion in revenue.

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The Death of the Community Bank

Jeff For Banks

In June of 2008 I gave a speech titled "The Death of the Community Bank" and in that speech I made predictions. Much like the General Store fell victim to the supermarket and the lumber yard fell victim to Home Depot, I predicted the community bank that did not pick targeted customer niches or develop product expertise will meet it's doom.

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Chase Plans Expansion In Top US Markets In 2019

PYMNTS

Chase has announced it is expanding its retail footprint into nine of the top American markets, as well as opening dozens of new locations in the greater Washington, D.C The bank said about 30 percent of the branches will be in low or moderately low income communities. area, Philadelphia and Boston.

St. Louis 145
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StockX Report Affirms Resale Market Acceleration

PYMNTS

The apparel and footwear resale market is seeing record-setting growth during the pandemic. “As is the case for any live marketplace, real-life events have ramifications on market performance. The sneaker market is changing, too, according to the report. The company announced in its report that it has reached $2.5

Report 185
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Walden Mutual aims to serve New England’s food community

Independent Banker

includes (from left): Christina Johantgen (head of marketing and creative), Joe York (head of product), Kelsey Cahill (summer associate), Jackie Charron (chief operating officer and executive vice president), Debbie Morin (chief financial officer), and CEO Charley Cummings. The team at Walden Mutual, a planned de novo in Concord, N.H.,

Community 170