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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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The community bank’s complete guide to building trust

Independent Banker

But for most community banks, building a trustworthy brand isn’t a conscious effort. So first, we’ll look at how two community banks have become trusted pillars of the community through charity work and good old?fashioned billion-asset community bank. Build your community. It’s in their DNA.

Community 139
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Santander Adds Three Lending Executives

PYMNTS

Santander Bank has announced three high-level appointments, two overseeing lending operations and another overseeing marketing, according to a press release. Marchesi holds a Bachelor of Arts degree in international marketing from Hofstra University and an MBA in finance from New York University, according to Santander.

Lending 160
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Efficiency now: 8 smart strategy tips

Independent Banker

Fallout from recent global events presents an obstacle to generating revenue for community banks. Since COVID-19, profitability planning for community banks has mainly hinged on how the government was coping with the pandemic and the key role financial institutions played in keeping the economy afloat. By Elizabeth Judd.

Strategy 135
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How Spend Tools Feed Food Banks’ Need For Accountability

PYMNTS

Recent data indicated that 82 percent of SMBs shutter in their first year because of poor cash management operations. As SMBs seek opportunities to expand their operations, and reach new customers and markets, they will need the right spend and workforce tools to ensure funds are spent appropriately. billion in value by 2025.

Tools 141
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Lyft Rolls Out Vehicle Partitions In Health Safety Program

PYMNTS

Los Angeles, Seattle, Boston, Phoenix, Dallas and New York City. drivers for free, with the goal of providing 50 percent ride coverage in these markets,” the company wrote. By prioritizing the wellbeing of our drivers, our entire community gains extra peace of mind. The company said it sells them to drivers at no profit.

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Now is the time to prepare for the FedNow launch

Independent Banker

The FedNow Service is launching in early 2023, giving community banks about a year to plan. Here’s how community bankers, payments experts and fintech vendors suggest using the time to prepare. With less than a year until the scheduled launch of the FedNow Service, community banks are still awaiting updates on specifics.