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Small business lending insights Vol. 1

Abrigo

Generally, small business loans benefit business owners, they also benefit communities, according to 2021 research for the SBA. Financial institutions should also cultivate opportunities to help existing borrowers manage their business and capital needs. At the same time, 59% pursued credit to meet operating expenses.

Lending 222
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Bowman: Fed Eyeing Updates to Third-Party Guidance

ABA Community Banking

In a speech at the Federal Reserve Bank of Atlanta today, Federal Reserve Governor Michelle Bowman discussed how the Fed can help boost transparency and provide more clarity to community banks about relationships with vendors and third-party service providers.

Atlanta 88
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Duly Authorized

Independent Banker

With wire fraud on the rise, community banks have to step up precautions to protect themselves and their customers. Smaller community banks may have an easier time identifying red-flag transactions manually, but larger community banks can more effectively mitigate risk with anomaly detection and authentication software, Gilmeister says.

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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., For 2023, banks need to prioritize interest rate risk management and credit accuracy as a top priority. As a result, national banks are eroding the customer base of the community bank. of the banking market, according to Statista Research.

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Tech Flex

Independent Banker

At some community banks, budgeting for technology has become a more important focus over the past several years. Community banks need to be nimble enough to change from their plan when they need to. in Atlanta is one community bank that tries to be more agile with its technology spending. “If billion-asset community bank.

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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% DLJ 03/15/24 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, risk management, and financial analysis.

Marketing 145
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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. Thanks for reading DJ 01/10/16 Dorothy Jaworski has worked at large and small banks for over 30 years; much of that time has been spent in investment portfolio management, risk management, and financial analysis.