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At home with HOA banking

Independent Banker

According to Kientz, if an HOA has an FDIC-insured bank account of more than $250,000, it often takes multiple banks to manage the funds—but Academy Bank can handle accounts of that size on its own. It has grown a healthy deposit base and firmly established a solid brand presence in the HOA-run neighborhoods it serves.

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Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

He pointed to brands and merchants like Dunkin and Dollar General, marked by underserved populations that could benefit by better economics than has been seen with prepaid cards or payday lending. Figure, said Cagney, can offer some of its products in New Yok — but not in, say, Illinois.

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