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The community banks standing by hospitality customers

Independent Banker

State Bank of Texas, led by president Sushil Patel (center), has a niche working with hospitality customers like Reena and Arun Patel, who own and operate a La Quinta hotel in Dallas. The bank also helped hotel operators obtain Paycheck Protection Program (PPP) loans. billion-asset, family-owned community bank. Photo: R.J.

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Book Report: The Lords of Strategy by Walter Kiechel III

Jeff For Banks

B+ This book, written by a journalist and former editor of Fortune magazine and editorial director of Harvard Business Publishing, tracks the growth and philosophical evolution of strategy. It focuses on three strategy firms in particular: Boston Consulting Group ("BCG"), Bain & Company, and McKinsey & Company.

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The Main Street Rescue That Wasn’t (And Still Isn’t)

PYMNTS

What happens if Main Street becomes less a proving ground for smaller businesses — born of, and serving, local communities — and more a collection of larger firms, well-capitalized, but already enjoying competitive advantages? Millions of smaller businesses are grappling with the impacts of the pandemic.

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Saving Main Street From Its Downward Pandemic Spiral

PYMNTS

To describe these behaviors, author and behavioral scientist Dr. Robert Cialdini coined the term “social proof” in his landmark book, “ Influence ,” which was first published in 1984. The owner of an upscale hair salon in Boston is an example of a business living this reality. Social proof can also work in reverse. Saving Main Street.

Maine 199
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Banking's Top 5 Total Return to Shareholders: 2021 Edition

Jeff For Banks

The bank was founded in 2006 and operates 19 full-service branch locations in multi-ethnic communities in Alabama, Florida, Georgia, New York, New Jersey, Texas and Virginia. SVB operates through 30 offices in the USA, Canada, UK, Israel, Germany, Denmark, India, Hong Kong, and China. (Nasdaq: MCBS) MetroCity Bankshares, Inc.,

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Product Profitability Anyone? The JFB Pro-Growth Matrix

Jeff For Banks

This style of decision making was romanticized by Jack Welch in his popular 2001 book: Jack Straight from the Gut. But in reading Welch''s tome regarding his successful years at the helm of GE, it is clear that he was far more analytical than the book''s title indicates. How do you use analytics for critical decision making?

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23 VC-Backed Brick & Mortar Startups Changing The Face Of Main Street

CB Insights

As internet retailers are expanding their operations into brick-and-mortar operations (think Warby Parker, Argent, Bonobos, and BaubleBar ), venture capitalists are also investing in “physical-first” startups focused on creating new brick-and-mortar business models. Funding and investor information is as of 9/6/17. .

Maine 70