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Lower taxes, more M&A: Behind a California bank’s move to Texas

American Banker

First Foundation is relocating its corporate headquarters to Dallas, where the tax burden is lighter and it sees more opportunity to beef up lending, add wealth management clients and pursue acquisitions of community banks.

Taxes 66
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Data Dive: The Uncertain Future Edition, MoviePass, Credit Cards And Seattle Taxes

PYMNTS

According to Wall Street Journal reports, credit cards remain a lucrative form of lending, but they aren’t seeing much benefit from the Fed raising rates of late — as what small increases there have been are offset by competition from other lenders trying to steal customers with lower interest rates. Balances of the industry surpassed $1.03

Seattle 100
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Food for Thought: A Policy on Credit Exceptions

Abrigo

unsecured lending is bad rather than unsecured lending should only be extended to high pass risk rated credit). Path to removal – Sometimes an exception is like the Hotel California – you can check out anytime you like, but you can never leave. and property tax payments. It just stays on forever.

Policies 195
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Bessemer Venture Partners’ Birnbaum On Why It’s Go-Time For FinTech

PYMNTS

Moreover, when one looks at things like Square’s expansion into short-term consumer lending, it also becomes apparent that firms are taking expertise they built on their merchant services side and using it to expand into customer-facing services. The Gig Economy’s California Woes.

Fintech 300
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Will Cannabis Banking Turn Over a New Leaf After COVID-19?

Abrigo

CRBs are real, essential businesses paying federal taxes, and many argue that they should be included in federal programs. Other states, like California, allow for home delivery. “If The essential nature of CRBs, as well as their proven stability and contribution to tax revenue, will hopefully begin to normalize the industry.

Lending 195
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Small Biz FinTech Leads Week’s B2B Funding Roundup

PYMNTS

Small business finserv was a popular target this week, with startups securing funding for their SMB banking, lending and accounting tools. The Series C investment will help the California company focus on growth and product innovation to fuel development of its enterprise data warehousing solution. Lendingkart.

Fintech 179
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The top-performing community banks of 2021

Independent Banker

3-yr average pre-tax ROA. Home Bank of California. pre-tax ROA: 3.08%. pre-tax ROA: 2.83%. In order to compete as a small bank, we have been forced to keep higher-than-peer capital levels, so that our lending limit allows us to service local borrowers’ needs. pre-tax ROA: 2.68%. Less than $300 million.