article thumbnail

Community banks most likely to approve small business loans

Abrigo

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

article thumbnail

Regions CEO Grayson Hall Named to Atlanta Fed Board

American Banker

Regions Financial President and CEO Grayson Hall and the CEO of a Miami bank have been elected to the board of the Federal Reserve Bank of Atlanta.

Atlanta 28
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Increasing Digital Banking Options Put Pressure On Big Lenders To Adapt

PYMNTS

The Atlanta-based company noted in a press release that its Activate Enterprise NextGen ATM platform was designed for speed and ease. On Monday (Oct. 5) NCR Corp. unveiled its next generation of operating software for ATMs, designed to integrate the now decades-old cash-dispensing machines into the digital age.

article thumbnail

5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Despite a 30% increase in expected losses in markets like Dallas, Atlanta, D.C., Charlotte, Houston, Phoenix, New York, Austin, Denver, Orlando, Miami, and Nashville, many banks have not adjusted pricing or their credit appetite. As a result, national banks are eroding the customer base of the community bank.

article thumbnail

Duly Authorized

Independent Banker

With wire fraud on the rise, community banks have to step up precautions to protect themselves and their customers. They have the money and, in theory, they are vulnerable,” adds Terri Sands, director of payments and fraud prevention for State Bank & Trust in Atlanta, a $3.3 billion-asset community bank.

article thumbnail

Guest Post: Financial Markets and Economic Update - First Quarter 2024

Jeff For Banks

If the Atlanta Fed’s current GDPNow projection for 1Q24 GDP of +2.1% ISMs and regional Fed surveys have been mostly negative for months on end. Dorothy recently retired from Penn Community Bank where she worked since 2004. Nominal GDP is not the only consideration, but it’s a pretty important one.

Marketing 148
article thumbnail

Guest Post: Fourth Quarter and Year End Economic Commentary by Dorothy Jaworski

Jeff For Banks

GDP in the 4Q15 is tracking at 1.0%, according to the Atlanta Fed. In our region, the Philly Fed indices of business activity all turned negative in December, but, hey, higher rates will help, right? Dorothy has been with Penn Community Bank and its predecessor since November, 2004.