South State Correspondent

APRIL 12, 2022

We feel that as community bankers, we can learn much from Jamie Dimon (Chairman and CEO of JPM) and from Warren Buffet. As usual, it was full of insight that every community banker should consider. Our focus is on information that pertains to the community banking industry. 3) Community Focused. 2) Leadership Matters.

Community 195

Community Community Bank Leadership Lending 195

PYMNTS

NOVEMBER 27, 2018

Yet, the small business lending gap remains. In a new report, PayNet and financial research firm Raddon examined the state of small business lending in the U.S. ” Banks have not invested in their small business lending operations to improve the process for the borrower, though.

Lending 159

Lending Fintech Capital Report 159

PYMNTS

MARCH 25, 2019

A federal judge late last week ordered a stay on the August 2019 compliance date tied to the “ payday lending rule ” mandated roughly two years ago by the Consumer Financial Protection Bureau (CFPB). The judge wrote in his March 19 ruling that he had not received a request to lift the stay. This is still illegal federally.”

Lending 128

Lending Illinois Compliance Chicago 128

Abrigo

DECEMBER 1, 2020

25 and published by the Independent Community Bankers of America (ICBA) and others, the Small Business Administration said lenders will receive notice of a loan review via the PPP Forgiveness Platform inbox. Implement Abrigo's SBA Lending Solution in Days. Lending & Credit Risk. Lending & Credit Risk.

Lending 195

Lending Resources Groups Analysis 195

Abrigo

MARCH 24, 2021

The top banking challenges in 2021 are growing loans and earnings, according to Independent Banker’s recent 2021 Community Bank CEO Outlook survey. Nevertheless, many financial institution executives have taken – and are taking – steps that will help address their top concerns related to lending and profitability.

Lending 221

Lending Technology Survey Examples 221

PYMNTS

SEPTEMBER 29, 2020

The cash flow challenges for small businesses have been in place for a while, in Latin America since well before the pandemic took root. In Latin America, the infrastructure mainly relies on banks to provide kind of these types of services to the SME segment. “In trillion globally, according to Shoihet.

United States 286

United States Regional America Trends 286

PYMNTS

AUGUST 4, 2017

Are community banks missing the chance to climb aboard the faster payments train? In late July, the Federal Reserve Faster Payments Task Force released its much-anticipated report on how to strengthen and operate the U.S. faster payments system. In a recent blog post , Giorgio pointed out that baby boomers make an average of 9.1

Community Bank 116

Community Bank Community Innovation Millennials 116

PYMNTS

MAY 7, 2018

That intimate level of insight could be a business advantage – if not for the fact that your entire operation runs on cash. You may know that four cases of diapers is the right quantity to serve your community’s new parents, but you only have enough cash on hand to order three. Determining Creditworthiness. The Long Tail of Benefits.

Lending 101

Lending America System Community 101

Independent Banker

JUNE 30, 2022

Last year, community bank loan producers were faced with both record-low interest rates and a glut of deposits. But as they always do, they came through for individuals and businesses in their communities with a combination of personalized service and prudent risk management practices. Ag lending in the South: Relationships matter.

Community Bank 172

Community Bank Community National Philadelphia 172

South State Correspondent

JANUARY 4, 2023

In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. To improve the quality of their earnings, banks need their number one focus to be on making their operations more efficient. To the extent projects improve operating leverage and the total experience, so much the better.

Community Bank 195

Community Bank Capital Training Lending 195

Abrigo

APRIL 18, 2020

“We were able to provide funding for 95% of those customers that completed the application process and were approved internally,” said Andy Hunter, President of SaviBank in Burlington, Washington, another customer of Abrigo’s Sageworks SBA Lending solution. “We Lending & Credit Risk. SBA Lending. Lending & Credit Risk.

Lending 195

Lending Wyoming Maine Nebraska 195

Abrigo

JUNE 4, 2020

Another, more vague exemption involves the borrower documenting an inability to return to the same level of business activity that the business was operating at before Feb. Lending & Credit Risk. SBA Lending. CRE Lending. Lending & Credit Risk. CRE Lending. Lending & Credit Risk.

Lending 195

Lending Risk Management Management Community 195

PYMNTS

APRIL 7, 2020

To facilitate lending to small businesses via the Small Business Administration’s Paycheck Protection Program, the Federal Reserve will establish a facility to provide term financing backed by PPP loans. The Fed is also working on a Main Street Lending Facility that is anticipated to help businesses with 500 to 10,000 employees.

Lending 150

Lending Meeting Maine America 150

Independent Banker

MARCH 31, 2022

Executive committee members tell us what advocacy issues they’ll be focused on during their terms, while board members share their words of wisdom for up-and-coming community bankers: themselves. To sum it up, these leaders are all in and all heart for community banking. We are not Wall Street banks—we are community banks.

Community Bank 239

Community Bank Community Industry Texas 239

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. We are in awe. Seriously in awe.

Fintech 195

Fintech Community Regional Technology 195

Celent Banking

JANUARY 22, 2015

Peer to Peer (P2P) lending is one of those situations and banks have started to experiment with it, taking P2P lending to main street. Banks are certainly not playing hide and seek with P2P lending. Regulation is an important issue for banks to get into P2P lending and depending the country, there may be restrictions.

Maine 100

Maine Lending Regulation Risk Management 100

PYMNTS

SEPTEMBER 30, 2020

House committee this week began reviewing the idea of allowing the likes of Amazon or Facebook to receive charters to operate as banks — an idea that’s already gotten plenty of pushback from traditional financial institutions (FIs).

Regulation 349

Regulation National System Industry 349

PYMNTS

APRIL 13, 2018

Finch Capital and Fenway Summer Ventures participated in the round, which will bolster the company’s trade finance operations targeting SMBs across Europe. million in new funding to support its operations in Peru and Mexico, according to ImpactAlpha reports. Based in Ireland, Supply Finance landed $4.9 said this week. TravelPerk.

Lending 129

Lending blockchain Capital Software 129

PYMNTS

MARCH 24, 2020

Some operations, like home lending, a space that has seen increased activity because of low interest rates, won’t be subject to the hiring freeze, but the bank has asked its managers in the consumer and investment bank units, as well as the wealth-management and asset-management departments, to review job postings.

Groups 108

Groups America Lending Operations 108

Independent Banker

MAY 25, 2016

Tax credits for Main Street lending. As a small urban community bank, North Valley Bank is increasingly challenged with heavily government-subsidized competition. Outdated and abused public tax policies have been progressively distorting the credit markets against community banks for decades. Chuck Johnston. By Chuck Johnston.

Community Bank 70

Community Bank Taxes Lending Maine 70

PYMNTS

JUNE 17, 2019

The dispute over the Office of the Comptroller of the Currency ‘s (OCC’s) national bank charter, which became available to FinTech firms last year, has reportedly caused technology conglomerates to shy away from a tool that aims to provide nonbank firms with a more streamlined way to operate on a national level.

Google 142

Google National Fintech Regulation 142

Independent Banker

DECEMBER 1, 2021

The idea that community banking can be a force for positive change is at the heart of Beneficial State Bank, which engages its customers through financial activism. billion-asset community bank in Oakland, Calif., When it comes down to it, though, the community bank’s mission is radically simple. Photo: Ashley Courter.

Oakland 153

Oakland Community Community Bank Leadership 153

PYMNTS

NOVEMBER 16, 2016

Despite what Bank of America describes as a “challenging business environment,” SMBs are thriving, thanks in large part to friends and family. 15) and found just how much these companies rely on friends, family and their communities to thrive. The bank released its latest semi-annual report on small businesses Tuesday (Nov.

America 100

America Community Survey National 100

PYMNTS

APRIL 30, 2018

and finance experts are celebrating with new data on the state of the entrepreneurial community. But analysts from Bank of America, Square, Navcom and the National Association for the Self-Employed warn that challenges for some SMBs have reached new heights, too. National Small Business Week is this week in the U.S.,

Taxes 144

Taxes America National Community 144

PYMNTS

OCTOBER 9, 2018

” “There is no doubt that the lease accounting standards will add new complexities to a broad range of business functions, including sales, lending, contracting and financial reporting,” wrote Whitney Schiffer, CPA, in an article last week for accounting and advisory firm Berkowitz Pollack Brant.

Community Bank 153

Community Bank Community Report Lending 153

Independent Banker

JULY 29, 2016

Big Savings—ICBA’s Dan Clancy and Travelers’ Laura Lundin hold a big check representing the $3 million dividend paid this year to community banking participating in the ICBA-Travelers property-and-casualty insurance Preferred Service Provider program. Farmer Mac — agricultural lending. ICBA Services Network.

Community Bank 70

Community Bank Community Compliance Lending 70

CFPB Monitor

JUNE 13, 2022

Given that the CFPB does not have supervisory authority over institutions with less than $10 billion in assets, we are skeptical of the value in granting the CFPB any consultation rights during the bank merger application review process with respect to institutions that are not subject to CFPB supervision.

FDIC 78

FDIC Groups Community Meeting 78

Abrigo

FEBRUARY 11, 2021

The Independent Community Bankers of America (ICBA) on Feb. 9 wrote Congressional leaders seeking several “statutory fixes” to the PPP on behalf of community bankers. Lending & Credit Risk. Member Business Lending. SBA Lending. Lending & Credit Risk. SBA Lending. SBA Lending.

Lending 195

Lending Report System Payments 195

Lex Sokolin

JANUARY 14, 2021

This is why the OCC has spent so many calories on defining special purpose fintech charters , and why the local community bodies hate it. Banks create leverage of that money supply by lending out the money to consumers and businesses, which then circulates, gets deposited, and lent out again. Second, Fintechs (e.g.,

America 52

America Wyoming National Capital 52

Lex Sokolin

JANUARY 14, 2021

This is why the OCC has spent so many calories on defining special purpose fintech charters , and why the local community bodies hate it. Banks create leverage of that money supply by lending out the money to consumers and businesses, which then circulates, gets deposited, and lent out again. Second, Fintechs (e.g.,

America 52

America Wyoming National Capital 52

Gonzobanker

DECEMBER 19, 2022

Senators Dick Durbin (D-IL) and Roger Marshall (R-KS) with a rare bi-partisan move showing that pinch-your-banker-and-hug-your-merchant is apparently as wholesome America as apple pie. SoFI gets a commercial bank that brings deposits, compliance, AND business lending. Acronym of the Year – CCCA (Credit Card Competition Act).

Community 216

Community Fintech Industry Innovation 216

PYMNTS

OCTOBER 7, 2016

This investment round of $17 million enabled Financeit to fund the recently announced acquisition of TD Bank Group’s indirect home improvement financing assets, which included the purchase of more than 800 merchant dealer agreements and the transition of a number of former TD relationship managers and operational staff.

Capital 155

Capital Innovation America Mobile 155

PYMNTS

OCTOBER 17, 2017

Ultimately, that effort was pushed back by a coalition of unions, consumer groups, community banking groups and legislators that did not trust Walmart’s business plan or intentions once they had the license and FDIC deposit insurance in hand. That lending operation has been fairly successful for Square, and has lent out over $1.8

Industry 108

Industry Fintech FDIC Community Bank 108

PYMNTS

AUGUST 19, 2019

Per the terms of the executive order, the Federal Trade Commission (FTC) will be asked to open a public complaint docket and to work with the FCC to investigate how these companies operate their platforms. CFPB and Payday Lending. In the UK, Too. August 19 is here, and a deadline comes and goes.

social media 128

social media Regulation Lending Compliance 128

PYMNTS

NOVEMBER 18, 2016

Asia outpaced North America in funding volume for the FinTech world, and this week’s B2B venture capital roundup seems to reflect that, with several deals from VCs in the region. But North America surprisingly came out on top — blowing the competition out of the water with three deals valuing nearly $70 million. P2Bi nvestor.

Fintech 100

Fintech US Capital Community 100

Abrigo

JUNE 16, 2016

The new guidance aligns the accounting with the economics of lending by requiring banks and other lending institutions to immediately record the full amount of credit losses that are expected in their loan portfolios, providing investors with better information about those losses on a more timely basis,” FASB Chair Russell G.

Resources 150

Resources Exercises Lending Community 150

South State Correspondent

MARCH 23, 2022

and became the most valuable bank in Latin America. Nubank started with a credit card offering, followed by deposit accounts, then lending, and then payments, investing, and insurance. They take the bank and focus on underserved communities by overserving them. In December 2021, a Brazilian bank, Nubank, went public in the U.S.

Branding 221

Branding social media Strategy Data 221