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Amazon Is Building A Traditional Supermarket In LA

PYMNTS

Although Amazon hasn’t commented, the strategy seems to be aimed at getting Amazon aligned with a more mass market customer segment than its other retail brands. Those consist of Amazon Books, Amazon 4-Star (online goods in brick-and-mortar stores), Whole Foods Market and Amazon Go. The latter operates without human cashiers.

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A bridge to affordable housing

Independent Banker

Daniel Galindo, pictured, and Doug Schaeffer of Woodforest National Bank helped involve the community bank in providing funding for and access to affordable housing. We worked with the Texas Department of Housing and Community Affairs to jumpstart its down payment assistance program,” recalls Schaeffer. “We

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Work Spaces Serve Up Coffee With Community In Apartment Buildings

PYMNTS

Sometime in the near future, a gig economy or remote worker who lives in an apartment building in Austin, Texas might start their day like this: They will leave their apartment and walk downstairs to a coffee shop where they will grab an iced latte. The operation itself leads to higher-asset level goals,” Hightower added.

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

South State Correspondent

While the current growth rate needs to be left to each bank based on their capital cost, market, and risk tolerance, the general guide is that growth should be in the 3% to 5% range for this year. In addition, they may consider focusing on these five critical areas: Improve Operating Leverage. Then there is credit.

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FinCEN AML/CTF Priorities Part 8: Drug Trafficking Organizations

Abrigo

Drug Trafficking Organizations (DTOs) are a key concern From drug cartels to street gangs, the illegal drug market has been a constant money-maker for DTOs. . Start with Part 1: Implications for Community Financial Institutions. What can community financial institutions do? Would you like others articles like this in your inbox?

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Car Vending Machine Company Carvana Goes Up Against Wall Street

PYMNTS

The analyst community balked at longer-term questions about the company’s liquidity even though 2019 was the company’s sixth straight year of triple-digit revenue growth with over 177,000 cars delivered and just shy of $4 billion in revenue. This year we expect another year of market-leading growth. New Markets.

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Community banks are thriving in Texas

Independent Banker

With the record growth of San Antonio, Houston and Austin, southern Texas is becoming a hub for business. Here’s how four community banks are thriving in this environment. Samsung plans to build a $17 billion chip plant in town about 30 miles away from its existing facility in Austin. Photo by Dennis Burnett. By Mindy Charski.

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