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Credit unions continue to see growth in auto lending

Abrigo

Overall auto lending at credit unions is up more than 30 percent in recent years, a positive sign that CUs remain competitive in an evolving banking landscape. Utilizing the Sageworks Bank Information platform, Sageworks recently examined how steadily auto lending at credit unions – specifically for new vehicles – grew in 2014.

Lending 150
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5 New Year’s Resolutions For Any Sized Bank That You Must Get Right in 2023

South State Correspondent

Lending Focus – Interest Rate Sensitivity and Credit Accuracy. If you look back over any recession, it is the two years prior when banks make 80% of their lending mistakes. Many banks, for example, are still hyper-competitive in multifamily lending. That market share has come mainly from regional and community banks.

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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.

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SunTrust to Buy Multifamily Lending Business

American Banker

SunTrust Banks in Atlanta has agreed to buy the multifamily lending business of Pillar Financial in New York.

Lending 28
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Mortgage, Commercial Lending Boost SunTrust's Revenue in 3Q

American Banker

Profit fell at SunTrust Banks in Atlanta during the third quarter because of higher costs for technology and deposit insurance premiums, as well as an unfavorable yearly comparison.

Atlanta 28
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FICO Kicks Off Consumer Financial Education Program, “Score A Better Future”

FICO

Louis-based organization that assists low-income individuals and families to develop, maintain and increase financial assets, as well as National Consumers League , the St. Louis Regional Unbanked Task Force. We’ll be in Atlanta, GA, on Saturday Dec. Louis American , City of St. A personalized approach fuels empowerment.

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Revenue Growth Dulls SunTrust’s Energy Pain

American Banker

SunTrust Banks in Atlanta increased reserves for downgraded energy loans in the first quarter, but it was still able to produce solid revenue and earnings growth.

Atlanta 28