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Scottsdale Community Bank: Making microloans

Independent Banker

Inspired by the entrepreneurship of lemonade stands, Scottsdale Community Bank created a microloan program. Photo by Brandon Sullivan De novo Scottsdale Community Bank set out to provide microloans to small and mid-size businesses, family organizations and nonprofits—a project that was inspired by the humble lemonade stand.

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First Citizens, CIT Group Merger Will Create $100B Bank

PYMNTS

“This is a transformational partnership for First Citizens and CIT, designed to create long-term value for all of our constituents, including our stockholders, our customers, our associates and our communities,” said Frank Holding Jr. chairman and CEO of First Citizens, roles he will keep in the combined company. .

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Cannabis Companies Would Be Eligible For COVID-19 Relief Under Bill

PYMNTS

The problem is that cannabis companies in states where the plant is legal are ‘essential workers’ during the pandemic, able to operate even despite the widespread lockdowns. The letter went on to say that cannabis companies legally employ over 240,000 people across the country in the 33 states where it is legal in some form, contributing $1.9

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CVS To Open 50+ COVID-19 Drive-Thru Testing Sites

PYMNTS

As it works to address the pandemic with testing, CVS Health plans to open over 50 COVID-19 testing sites at designated CVS Pharmacy drive-thru locations throughout Connecticut, Florida, Arizona, Pennsylvania and Massachusetts.

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ALDI Plans 70 New Store Openings In Expansion Push

PYMNTS

ALDI said it keeps planning “aggressive growth” and will come into Arizona later in 2020 with four new locations in the greater vicinity of Phoenix. As it stands, the company operates 180 retail locations in Florida as well as Alabama. CEO Jason Hart said in the announcement. “As

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Stuck in the middle: Addressing the gap in senior housing with financial solutions.

PopularBank

The so-called “forgotten middle” has been a hot topic for many owners and operators as they look to enhance the options with independent housing and assisted living, hoping to help those trapped in the middle gap. As part of that plan, owners and operators should work with their lender on the following considerations.

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Apple To Shutter 30 More US Stores Again Amid Pandemic

PYMNTS

A representative of the tech company said, per the report, “Due to current COVID-19 conditions in some of the communities we serve, we are temporarily closing stores in these areas. Their reclosures reportedly are a negative barometer of the ease with which retail operations are able to resume throughout the country.

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