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The community banks standing by hospitality customers

Independent Banker

Many hotels and other hospitality businesses haven’t fully bounced back from COVID-19 travel and safety restrictions, but community banks have been by their side through the challenges. For other borrowers, the $596 million-asset community bank allowed deferrals of principal or, in some cases, full payment deferrals. Photo: R.J.

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Bad Actors Emerge in PPP Lending – More Expected as Forgiveness Guidance Emerges

Abrigo

As expected, bad actors are surfacing, and financial crimes divisions of community financial institutions are struggling with the realization that loans rushed through may be fraudulent. Furthermore, the FAQ clarifies that the loans were not intended for companies with access to equity in the market. learn more.

Lending 195
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Room To Grow: Why WeWork’s $20B Valuation Isn’t Crazy

CB Insights

We’ve examined previous unicorn valuations including Dropbox , Airbnb , and Blue Apron and compared WeWork’s current and projected valuation data, using CB Insights’ Enhanced Valuation capability, against those posted by a few of its public-market counterparts. Boston Properties reportedly has 43.7

Boston 69
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Tech Center: Charlotte On The Edge of Tech Greatness

PYMNTS

Here is an except of the conversation: PYMNTS: Can you describe your personal and/or professional experience with the tech community in Charlotte? It’s funny, because AvidXchange is often still referred to as a startup, and we’ve been at this for over 17 years. I think that it’s partly for a couple of reasons.

Charlotte 118
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Banking's Top 5 Total Return to Shareholders: 2021 Edition

Jeff For Banks

As a reference, the best SIFI bank in five year total return was Bank of America at 26th overall. I chose five years because banks that focus on year over year returns tend to cut strategic investments come budget time, which hurts their market position, earnings power, and future relevance than those that make those investments.

Capital 78
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2021 GonzoBanker Awards

Gonzobanker

For the past four-plus years, Chesler has guided Glacier through continued growth and successful acquisitions across the West, all while staying true to Glacier’s local market culture. Goes to Eric Sprink, Coastal Community Bank , Everett, Wash. Like how does that play into our communities? 82% to over 2.3% Inspirational?

Fintech 147
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Why Contextual Commerce Is The Next Big Thing

PYMNTS

Six years and an expanding inventory of cars and price points later, Uber’s platform has a market cap of $70 billion, more than 1 million drivers across 400 cities worldwide who’ve delivered a 1 billion rides – and the first instance of what we now call “invisible” payments in the offline world. And monetize. And the more money they make.

Branding 100